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Elastic
ESTC

344 hedge funds and large institutions have $10.1B invested in Elastic in 2021 Q2 according to their latest regulatory filings, with 57 funds opening new positions, 137 increasing their positions, 110 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

36% more funds holding in top 10

Funds holding in top 10: 14 → 19 (+5)

30% more capital invested

Capital invested by funds: $7.77B → $10.1B (+$2.33B)

25% more repeat investments, than reductions

Existing positions increased: 137 | Existing positions reduced: 110

14% more first-time investments, than exits

New positions opened: 57 | Existing positions closed: 50

2% more funds holding

Funds holding: 337 → 344 (+7)

2.08% less ownership

Funds ownership: 77.85% → 75.77% (-2.1%)

12% less call options, than puts

Call options by funds: $123M | Put options by funds: $140M

Holders
344
Holders Change
+7
Holders Change %
+2.08%
% of All Funds
5.99%
Holding in Top 10
19
Holding in Top 10 Change
+5
Holding in Top 10 Change %
+35.71%
% of All Funds
0.33%
New
57
Increased
137
Reduced
110
Closed
50
Calls
$123M
Puts
$140M
Net Calls
-$16.5M
Net Calls Change
+$47.5M

Top Buyers

1
WRCM
Whale Rock Capital Management
Massachusetts
+$277M
2
Alkeon Capital Management
Alkeon Capital Management
New York
+$112M
3
AM
Atreides Management
Massachusetts
+$71.9M
4
Point72 Asset Management
Point72 Asset Management
Connecticut
+$69.8M
5
LSCM
Light Street Capital Management
California
+$64.8M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$239M
2
Bank of New York Mellon
Bank of New York Mellon
New York
-$132M
3
CG
Carmignac Gestion
France
-$94M
4
SCH
Sylebra Capital (HK)
Hong Kong
-$80.2M
5
Norges Bank
Norges Bank
Norway
-$65.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
Norges Bank
26
Norges Bank
Norway
$89.3M -$65.3M -522,347 -46%
AM
27
Atreides Management
Massachusetts
$83.9M +$71.9M +575,303 New
TCM
28
TimesSquare Capital Management
New York
$78.4M -$9.67M -77,400 -13%
LSCM
29
Light Street Capital Management
California
$75.6M +$64.8M +518,797 New
Goldman Sachs
30
Goldman Sachs
New York
$74.8M -$1.55M -12,365 -2%
SEI Investments
31
SEI Investments
Pennsylvania
$73.1M +$8.07M +64,579 +15%
AAM
32
Ardevora Asset Management
United Kingdom
$66.2M +$10.5M +83,980 +23%
N
33
Nuveen
North Carolina
$65.1M +$2.72M +21,750 +5%
BTP
34
Bloom Tree Partners
New York
$63M -$12.2M -97,682 -18%
First Trust Advisors
35
First Trust Advisors
Illinois
$62.4M -$25.6M -204,776 -32%
Nomura Asset Management
36
Nomura Asset Management
Japan
$60.2M +$25M +199,800 +94%
DekaBank Deutsche Girozentrale
37
DekaBank Deutsche Girozentrale
Germany
$58.7M +$12.8M +102,500 +34%
GRIM
38
Greenhaven Road Investment Management
Connecticut
$58.3M +$3.12M +25,000 +7%
Northern Trust
39
Northern Trust
Illinois
$55.3M -$627K -5,014 -1%
Bank of New York Mellon
40
Bank of New York Mellon
New York
$53.8M -$132M -1,059,690 -74%
Citadel Advisors
41
Citadel Advisors
Florida
$50.3M -$13.8M -110,765 -24%
Charles Schwab
42
Charles Schwab
California
$47M +$1.15M +9,222 +3%
OPFM
43
Optimus Prime Fund Management
Cayman Islands
$45.8M +$5M +40,000 +15%
CLCM
44
Center Lake Capital Management
Florida
$42M +$23.5M +187,850 +188%
TIM
45
Thornburg Investment Management
New Mexico
$38.2M -$2.59M -20,723 -7%
Swedbank
46
Swedbank
Sweden
$36.4M +$31.2M +250,000 New
Fidelity International
47
Fidelity International
Bermuda
$34.1M -$1M -8,023 -3%
Thrivent Financial for Lutherans
48
Thrivent Financial for Lutherans
Minnesota
$33.7M -$18.1M -144,430 -38%
CCM
49
Cota Capital Management
California
$31.8M – – –
MGM
50
Miura Global Management
New York
$31.3M +$26.9M +215,000 New
1
2
3 4 5

ESTC Hedge Fund Activity: Q2 2021 in Review

344 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Elastic (ESTC) for Q2 2021, worth a combined $10.1B — up 30% from $7.77B a quarter earlier.

Buyers outnumbered sellers: 57 funds opened new ESTC positions and 50 closed out — a net gain of 7 holders — while 137 added to existing stakes and 110 trimmed.

The largest buyer was Whale Rock Capital Management, opening a new position worth an estimated $277M. The largest seller was Fidelity Investments, cutting an estimated $239M.

  • 344 institutional investors held Elastic (ESTC) as of Q2 2021, up from 337 in Q1 2021.
  • Funds reported $10.1B of Elastic stock for Q2 2021, up 30% quarter-over-quarter.
  • 57 funds opened new Elastic positions in Q2 2021 and 50 closed out, a net change of +7 holders.
  • The largest Elastic buyer in Q2 2021 was Whale Rock Capital Management, an estimated $277M added.
  • The largest Elastic seller in Q2 2021 was Fidelity Investments, an estimated $239M sold.

Based on aggregated 13F filings for Q2 2021.