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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
AC
326
AXQ Capital
New Jersey
– -$425K -8,250 Closed
TC
327
TownSquare Capital
Utah
– -$392K -7,610 Closed
Neuberger Berman Group
328
Neuberger Berman Group
New York
– -$375K -7,288 Closed
BAM
329
Blueshift Asset Management
New Jersey
– -$316K -6,134 Closed
GTCM
330
Gyon Technologies Capital Management
New Jersey
– -$316K -6,130 Closed
PTC
331
Petrus Trust Company
Texas
– -$309K -6,003 Closed
Janney Montgomery Scott
332
Janney Montgomery Scott
Pennsylvania
– -$296K -5,750 Closed
VPIM
333
Vanguard Personalized Indexing Management
California
– -$294K -5,702 Closed
Arrowstreet Capital
334
Arrowstreet Capital
Massachusetts
– -$278K -5,407 Closed
IC
335
IEQ Capital
California
– -$271K -5,256 Closed
TCM
336
Teza Capital Management
Illinois
– -$261K -5,074 Closed
OAM
337
Oppenheimer Asset Management
New York
– -$229K -4,442 Closed
MML Investors Services
338
MML Investors Services
Massachusetts
– -$219K -4,246 Closed
SG Americas Securities
339
SG Americas Securities
New York
– -$205K -3,974 Closed
DCM
340
Dupont Capital Management
Delaware
– -$200K -3,877 Closed
MCC
341
Money Concepts Capital
Florida
– -$114K -2,216 Closed
Acadian Asset Management
342
Acadian Asset Management
Massachusetts
– -$69K -1,352 Closed
O
343
Ossiam
France
– -$33.7K -655 Closed
SSB
344
Sandy Spring Bank
Maryland
– -$19.3K -375 Closed
DFCM
345
Dark Forest Capital Management
Puerto Rico
– -$16.5K -321 Closed
RTC
346
Riverview Trust Company
Washington
– -$11K -223 Closed
SFCL
347
Strengthening Families & Communities LLC
Massachusetts
– -$9K -171 Closed
NA
348
NewEdge Advisors
Louisiana
– -$6.39K -124 Closed
SSG
349
Summit Securities Group
New York
– -$5K -100 Closed
MPCL
350
My Personal CFO LLC
Washington
– -$4.53K -88 Closed
11 12 13
14
15

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.