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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
NIP
76
Nicholas Investment Partners
California
$4.38M -$1.69M -29,598 -28%
SFA
77
Source Financial Advisors
New York
$4.35M – – –
NCL
78
Nishkama Capital LLC
Puerto Rico
$4.16M +$4.09M +71,859 New
Renaissance Technologies
79
Renaissance Technologies
New York
$4.01M +$3.95M +69,321 New
WCA
80
Whetstone Capital Advisors
Kansas
$3.93M -$600K -10,537 -13%
JWM
81
Jessup Wealth Management
Ohio
$3.88M +$3.82M +67,001 New
Voloridge Investment Management
82
Voloridge Investment Management
Florida
$3.83M +$53.1K +931 +1%
Two Sigma Investments
83
Two Sigma Investments
New York
$3.8M +$650K +11,399 +21%
Two Sigma Advisers
84
Two Sigma Advisers
New York
$3.78M -$2.89M -50,700 -44%
CP
85
CenterBook Partners
Connecticut
$3.76M +$3.4M +59,686 +1,144%
Royal Bank of Canada
86
Royal Bank of Canada
Ontario, Canada
$3.6M +$371K +6,508 +12%
BCM
87
Brainard Capital Management
Texas
$3.57M – – –
Invesco
88
Invesco
Georgia
$3.52M +$75.2K +1,320 +2%
ACM
89
Arthedge Capital Management
New York
$3.39M – – –
MC
90
Maplelane Capital
New York
$3.18M +$3.13M +55,000 New
Jane Street
91
Jane Street
New York
$3.15M +$95.4K +1,674 +3%
SC
92
Scotia Capital
Ontario, Canada
$3.14M +$65.7K +1,153 +2%
BCM
93
Bayesian Capital Management
New York
$3.12M +$2.08M +36,500 +211%
BFM
94
Boothbay Fund Management
New York
$3.11M +$2.48M +43,442 +424%
Dimensional Fund Advisors
95
Dimensional Fund Advisors
Texas
$3.03M +$310K +5,434 +12%
PMAM
96
Picton Mahoney Asset Management
Ontario, Canada
$2.95M +$1.03M +18,085 +55%
Ameriprise
97
Ameriprise
Minnesota
$2.88M +$296K +5,202 +12%
State of New Jersey Common Pension Fund D
98
State of New Jersey Common Pension Fund D
New Jersey
$2.83M – – –
EGM
99
Engineers Gate Manager
New York
$2.78M +$1.64M +28,761 +149%
Holocene Advisors
100
Holocene Advisors
New York
$2.7M -$19.1M -335,455 -88%
2 3
4
5 6

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.