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Elastic
ESTC

305 hedge funds and large institutions have $4.3B invested in Elastic in 2023 Q1 according to their latest regulatory filings, with 46 funds opening new positions, 109 increasing their positions, 106 reducing their positions, and 59 closing their positions.

New
Increased
Maintained
Reduced
Closed

153% more call options, than puts

Call options by funds: $77.8M | Put options by funds: $30.8M

10% more capital invested

Capital invested by funds: $3.89B → $4.3B (+$407M)

3% more repeat investments, than reductions

Existing positions increased: 109 | Existing positions reduced: 106

1.94% less ownership

Funds ownership: 79.16% → 77.22% (-1.9%)

6% less funds holding

Funds holding: 323 → 305 (-18)

22% less first-time investments, than exits

New positions opened: 46 | Existing positions closed: 59

23% less funds holding in top 10

Funds holding in top 10: 13 → 10 (-3)

Holders
305
Holders Change
-18
Holders Change %
-5.57%
% of All Funds
4.86%
Holding in Top 10
10
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-23.08%
% of All Funds
0.16%
New
46
Increased
109
Reduced
106
Closed
59
Calls
$77.8M
Puts
$30.8M
Net Calls
+$47M
Net Calls Change
+$17.1M

Top Buyers

1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$98.2M
2
PAMS
Pictet Asset Management (Switzerland)
Switzerland
+$94.7M
3
SCM
Scopia Capital Management
New York
+$43.7M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$40M
5
Bank of America
Bank of America
North Carolina
+$24.4M

Top Sellers

1
JCAM
Jericho Capital Asset Management
New York
-$116M
2
Goldman Sachs
Goldman Sachs
New York
-$88.2M
3
PCH
Polar Capital Holdings
United Kingdom
-$45.9M
4
AllianceBernstein
AllianceBernstein
Tennessee
-$44.9M
5
ClearBridge Investments
ClearBridge Investments
New York
-$39.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
BAM
226
Belpointe Asset Management
Nevada
$233K +$59.6K +1,046 +35%
QCM
227
Qsemble Capital Management
New York
$232K -$558K -9,800 -71%
JCM
228
Jag Capital Management
Missouri
$219K +$216K +3,786 New
YIH
229
Y-Intercept (HK)
Hong Kong
$218K -$915K -16,060 -81%
JFG
230
Jefferies Financial Group
New York
$215K -$237K -4,152 -53%
CC
231
Corton Capital
Ontario, Canada
$215K +$211K +3,710 New
ACM
232
Aquatic Capital Management
Illinois
$214K -$1.31M -23,000 -86%
Group One Trading
233
Group One Trading
Illinois
$212K +$209K +3,670 New
US Bancorp
234
US Bancorp
Minnesota
$207K -$274K -4,817 -57%
Osaic Holdings
235
Osaic Holdings
Arizona
$182K -$211K -3,704 -54%
CG
236
Cutler Group
California
$179K +$168K +2,945 +1,990%
Asset Management One
237
Asset Management One
Japan
$154K +$148K +2,589 +3,407%
BTI
238
Blue Trust Inc
Georgia
$151K +$167K +2,933 +41,900%
FIA
239
FNY Investment Advisers
New York
$136K -$120K -2,100 -47%
National Bank of Canada
240
National Bank of Canada
Quebec, Canada
$129K -$8.55K -150 -6%
PNC Financial Services Group
241
PNC Financial Services Group
Pennsylvania
$121K +$627 +11 +0.5%
Lazard Asset Management
242
Lazard Asset Management
New York
$120K -$627 -11 -0.5%
LOIM
243
Liberty One Investment Management
Illinois
$116K +$11.2K +197 +11%
FWM
244
Focused Wealth Management
New York
$116K -$285 -5 -0.3%
GC
245
Garde Capital
Washington
$102K +$100K +1,761 New
SFM
246
Systematic Financial Management
New Jersey
$96.1K +$94.6K +1,660 New
MC
247
Machina Capital
France
$92.6K +$91.2K +1,600 New
ASN
248
Advisory Services Network
Georgia
$78.5K +$45.6K +800 +144%
AIG
249
American International Group
New York
$66.6K -$1.94K -34 -3%
Nisa Investment Advisors
250
Nisa Investment Advisors
Missouri
$58K +$57K +1,000 New
8 9
10
11 12

ESTC Hedge Fund Activity: Q1 2023 in Review

305 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Elastic (ESTC) for Q1 2023, worth a combined $4.3B — up 10% from $3.89B a quarter earlier.

Sellers outnumbered buyers: 59 funds closed out of ESTC and 46 opened new positions — a net loss of 13 holders — while 106 trimmed existing stakes and 109 added.

The largest buyer was Baillie Gifford & Co, adding an estimated $98.2M. The largest seller was Jericho Capital Asset Management, exiting entirely with an estimated $116M sold.

  • 305 institutional investors held Elastic (ESTC) as of Q1 2023, down from 323 in Q4 2022.
  • Funds reported $4.3B of Elastic stock for Q1 2023, up 10% quarter-over-quarter.
  • 46 funds opened new Elastic positions in Q1 2023 and 59 closed out, a net change of -13 holders.
  • The largest Elastic buyer in Q1 2023 was Baillie Gifford & Co, an estimated $98.2M added.
  • The largest Elastic seller in Q1 2023 was Jericho Capital Asset Management, an estimated $116M sold.

Based on aggregated 13F filings for Q1 2023.