Establishment Labs
ESTA
99 hedge funds and large institutions have $532M invested in Establishment Labs in 2023 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 27 increasing their positions, 28 reducing their positions, and 33 closing their positions.
191% more call options, than puts
Call options by funds: $60.6M | Put options by funds: $20.8M
0.97% less ownership
Funds ownership: 80.54% → 79.57% (-0.97%)
4% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 28
6% less funds holding
Funds holding: 105 → 99 (-6)
12% less first-time investments, than exits
New positions opened: 29 | Existing positions closed: 33
38% less funds holding in top 10
Funds holding in top 10: 8 → 5 (-3)
48% less capital invested
Capital invested by funds: $1.02B → $532M (-$489M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$31.5M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
+$27.7M |
| 3 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$17.1M |
| 4 |
RHJA
Rice Hall James & Associates
San Diego,
California
|
+$11.2M |
| 5 |
Millennium Management
New York
|
+$3.33M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NIP
Nicholas Investment Partners
Rancho Santa Fe,
California
|
-$30.5M |
| 2 |
Neuberger Berman Group
New York
|
-$26.3M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$14.7M |
| 4 |
American Century Companies
Kansas City,
Missouri
|
-$13.9M |
| 5 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$13.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PTC
126
Private Trust Company
Cleveland,
Ohio
| – | -$73.6K | -1,500 | Closed |
|
|
BAAM
127
Baker Avenue Asset Management
San Francisco,
California
| – | -$58.9K | -1,200 | Closed |
|
128
Walleye Trading
New York
| – | -$5.69K | -116 | Closed |
|
|
LFG
129
Larson Financial Group
St Louis,
Missouri
| – | -$4.91K | -100 | Closed |
|
|
BIA
130
Bell Investment Advisors
Oakland,
California
| – | -$442 | -9 | Closed |
|
|
QCG
131
Quadrant Capital Group
Cincinnati,
Ohio
| – | -$442 | -9 | Closed |
|
|
BTI
132
Blue Trust Inc
Alpharetta,
Georgia
| – | +$146 | +5 | New |
|
ESTA Hedge Fund Activity: Q4 2023 in Review
99 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Establishment Labs (ESTA) for Q4 2023, worth a combined $532M — down 48% from $1.02B a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of ESTA and 29 opened new positions — a net loss of 4 holders — while 28 trimmed existing stakes and 27 added.
The largest buyer was Morgan Stanley, adding an estimated $31.5M. The largest seller was Nicholas Investment Partners, exiting entirely with an estimated $30.5M sold.
- 99 institutional investors held Establishment Labs (ESTA) as of Q4 2023, down from 105 in Q3 2023.
- Funds reported $532M of Establishment Labs stock for Q4 2023, down 48% quarter-over-quarter.
- 29 funds opened new Establishment Labs positions in Q4 2023 and 33 closed out, a net change of -4 holders.
- The largest Establishment Labs buyer in Q4 2023 was Morgan Stanley, an estimated $31.5M added.
- The largest Establishment Labs seller in Q4 2023 was Nicholas Investment Partners, an estimated $30.5M sold.
Based on aggregated 13F filings for Q4 2023.