Establishment Labs
ESTA
174 hedge funds and large institutions have $1.93B invested in Establishment Labs in 2025 Q4 according to their latest regulatory filings, with 47 funds opening new positions, 39 increasing their positions, 61 reducing their positions, and 21 closing their positions.
124% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 21
76% more capital invested
Capital invested by funds: $1.1B → $1.93B (+$832M)
50% more funds holding in top 10
Funds holding in top 10: 8 → 12 (+4)
17% more funds holding
Funds holding: 149 → 174 (+25)
1.31% less ownership
Funds ownership: 92.38% → 91.06% (-1.3%)
36% less repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 61
38% less call options, than puts
Call options by funds: $100M | Put options by funds: $163M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$26.5M |
| 2 |
Jane Street
New York
|
+$19.3M |
| 3 |
D.E. Shaw & Co
New York
|
+$19.1M |
| 4 |
Two Sigma Investments
New York
|
+$15.1M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
+$15.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
-$59.5M |
| 2 |
Morgan Stanley
New York
|
-$27.8M |
| 3 |
William Blair Investment Management
Chicago,
Illinois
|
-$22.8M |
| 4 |
Viking Global Investors
Stamford,
Connecticut
|
-$14.1M |
| 5 |
BAMCO Inc
New York
|
-$13.3M |
ESTA Hedge Fund Activity: Q4 2025 in Review
174 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Establishment Labs (ESTA) for Q4 2025, worth a combined $1.93B — up 76% from $1.1B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new ESTA positions and 21 closed out — a net gain of 26 holders — while 39 added to existing stakes and 61 trimmed.
The largest buyer was Goldman Sachs, adding an estimated $26.5M. The largest seller was Nantahala Capital Management, cutting an estimated $59.5M.
- 174 institutional investors held Establishment Labs (ESTA) as of Q4 2025, up from 149 in Q3 2025.
- Funds reported $1.93B of Establishment Labs stock for Q4 2025, up 76% quarter-over-quarter.
- 47 funds opened new Establishment Labs positions in Q4 2025 and 21 closed out, a net change of +26 holders.
- The largest Establishment Labs buyer in Q4 2025 was Goldman Sachs, an estimated $26.5M added.
- The largest Establishment Labs seller in Q4 2025 was Nantahala Capital Management, an estimated $59.5M sold.
Based on aggregated 13F filings for Q4 2025.