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Elastic
ESTC

380 hedge funds and large institutions have $9.59B invested in Elastic in 2024 Q2 according to their latest regulatory filings, with 77 funds opening new positions, 121 increasing their positions, 129 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

68% more call options, than puts

Call options by funds: $139M | Put options by funds: $82.9M

54% more first-time investments, than exits

New positions opened: 77 | Existing positions closed: 50

19% more capital invested

Capital invested by funds: $8.08B → $9.59B (+$1.51B)

15% more funds holding in top 10

Funds holding in top 10: 13 → 15 (+2)

6% more funds holding

Funds holding: 358 → 380 (+22)

2.75% more ownership

Funds ownership: 79.97% → 82.72% (+2.7%)

6% less repeat investments, than reductions

Existing positions increased: 121 | Existing positions reduced: 129

Holders
380
Holders Change
+22
Holders Change %
+6.15%
% of All Funds
5.49%
Holding in Top 10
15
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+15.38%
% of All Funds
0.22%
New
77
Increased
121
Reduced
129
Closed
50
Calls
$139M
Puts
$82.9M
Net Calls
+$56.1M
Net Calls Change
-$68M

Top Buyers

1
Capital Research Global Investors
Capital Research Global Investors
California
+$400M
2
1832 Asset Management
1832 Asset Management
Ontario, Canada
+$229M
3
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
+$94.2M
4
Federated Hermes
Federated Hermes
Pennsylvania
+$64.5M
5
Goldman Sachs
Goldman Sachs
New York
+$57.9M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$176M
2
WRCM
Whale Rock Capital Management
Massachusetts
-$101M
3
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$45.7M
4
Two Sigma Investments
Two Sigma Investments
New York
-$38.9M
5
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
-$38.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
SC
426
SouthState Corp
Florida
– -$702 -7 Closed
First Manhattan
427
First Manhattan
New York
– -$601 -6 Closed
AWM
428
Activest Wealth Management
Florida
– -$105 -1 Closed
CAL
429
Capital Advisors Ltd
Ohio
– +$420 +4 New
14 15 16 17
18

ESTC Hedge Fund Activity: Q2 2024 in Review

380 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Elastic (ESTC) for Q2 2024, worth a combined $9.59B — up 19% from $8.08B a quarter earlier.

Buyers outnumbered sellers: 77 funds opened new ESTC positions and 50 closed out — a net gain of 27 holders — while 121 added to existing stakes and 129 trimmed.

The largest buyer was Capital Research Global Investors, opening a new position worth an estimated $400M. The largest seller was Fidelity Investments, cutting an estimated $176M.

  • 380 institutional investors held Elastic (ESTC) as of Q2 2024, up from 358 in Q1 2024.
  • Funds reported $9.59B of Elastic stock for Q2 2024, up 19% quarter-over-quarter.
  • 77 funds opened new Elastic positions in Q2 2024 and 50 closed out, a net change of +27 holders.
  • The largest Elastic buyer in Q2 2024 was Capital Research Global Investors, an estimated $400M added.
  • The largest Elastic seller in Q2 2024 was Fidelity Investments, an estimated $176M sold.

Based on aggregated 13F filings for Q2 2024.