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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
LCM
176
Legato Capital Management
California
$577K -$275K -4,825 -33%
GAM
177
Gotham Asset Management
New York
$567K +$558K +9,797 New
Teacher Retirement System of Texas
178
Teacher Retirement System of Texas
Texas
$536K +$41.9K +735 +9%
TAF
179
Tredje AP-fonden
Sweden
$526K – – –
Citigroup
180
Citigroup
New York
$524K -$1.47M -25,724 -74%
GCP
181
GSA Capital Partners
United Kingdom
$511K +$503K +8,821 New
BCP
182
Berylson Capital Partners
Massachusetts
$510K -$581K -10,200 -54%
ISL
183
Ingalls & Snyder LLC
New York
$503K -$6.84K -120 -1%
VF
184
Virtu Financial
New York
$496K +$489K +8,574 New
Victory Capital Management
185
Victory Capital Management
Texas
$490K +$482K +8,463 New
Principal Financial Group
186
Principal Financial Group
Iowa
$472K -$90.2K -1,582 -16%
WE
187
Wealth Effects
Massachusetts
$471K +$1.99K +35 +0.4%
AIM
188
Aquila Investment Management
New York
$463K -$228K -4,000 -33%
MG
189
Marex Group
$462K -$631K -11,071 -58%
Rockefeller Capital Management
190
Rockefeller Capital Management
New York
$462K +$141K +2,478 +45%
Russell Investments Group
191
Russell Investments Group
United Kingdom
$461K -$189K -3,312 -29%
Stifel Financial
192
Stifel Financial
Missouri
$460K -$125K -2,191 -22%
Public Employees Retirement Association of Colorado
193
Public Employees Retirement Association of Colorado
Colorado
$458K – – –
Wells Fargo
194
Wells Fargo
California
$457K -$2.15M -37,669 -83%
Wolverine Trading
195
Wolverine Trading
Illinois
$447K +$3.7K +65 +0.8%
Truist Financial
196
Truist Financial
North Carolina
$436K +$10.3K +181 +2%
LWAM
197
Legacy Wealth Asset Management
Minnesota
$433K +$70.1K +1,230 +20%
CC
198
Centiva Capital
New York
$405K +$399K +6,996 New
OC
199
Oppenheimer & Co
New York
$366K -$24.8K -436 -6%
SMDAM
200
Sumitomo Mitsui DS Asset Management
Japan
$366K +$17.4K +306 +5%
6 7
8
9 10

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.