Establishment Labs
ESTA
99 hedge funds and large institutions have $514M 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
4% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 28
3.58% less ownership
Funds ownership: 80.54% → 76.96% (-3.6%)
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)
50% less capital invested
Capital invested by funds: $1.02B → $514M (-$506M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Brown Advisory
Baltimore,
Maryland
|
+$27.7M |
| 2 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$17.1M |
| 3 |
Morgan Stanley
New York
|
+$11.7M |
| 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 |
ESTA Hedge Fund Activity: Q4 2023 in Review
99 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Establishment Labs (ESTA) for Q4 2023, worth a combined $514M — down 50% 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 Brown Advisory, adding an estimated $27.7M. 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 $514M of Establishment Labs stock for Q4 2023, down 50% 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 Brown Advisory, an estimated $27.7M 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.