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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
Cambridge Investment Research Advisors
201
Cambridge Investment Research Advisors
Iowa
$365K +$5.01K +88 +1%
ESCM
202
Echo Street Capital Management
New York
$356K -$491K -8,624 -58%
Verition Fund Management
203
Verition Fund Management
Connecticut
$346K -$769K -13,490 -69%
KI
204
Kula Investments
Illinois
$309K -$211K -3,707 -41%
1WA
205
180 Wealth Advisors
Washington
$300K -$5.98K -105 -2%
B
206
Bailard
California
$298K +$7.12K +125 +2%
Loomis, Sayles & Company
207
Loomis, Sayles & Company
Massachusetts
$293K +$289K +5,065 New
WMSA
208
Weiss Multi-Strategy Advisers
New York
$290K -$713K -12,511 -71%
SC
209
Shay Capital
New York
$290K +$285K +5,000 New
Schroder Investment Management Group
210
Schroder Investment Management Group
United Kingdom
$285K +$11.6K +203 +4%
Bank of Montreal
211
Bank of Montreal
Ontario, Canada
$284K -$1.72M -30,206 -86%
DIM
212
DC Investments Management
Virginia
$279K +$274K +4,811 New
CNWM
213
Clay Northam Wealth Management
California
$277K – – –
SEC
214
Seven Eight Capital
New York
$276K +$271K +4,759 New
MIM
215
MetLife Investment Management
New Jersey
$271K +$627 +11 +0.2%
Cetera Investment Advisers
216
Cetera Investment Advisers
Illinois
$268K -$3.53K -62 -1%
CFA
217
Capstone Financial Advisors
Illinois
$268K – – –
SM
218
Sciencast Management
New Jersey
$266K +$264K +4,626 New
MIC
219
Maxi Investments CY
Cyprus
$265K – – –
QT
220
Quantamental Technologies
New York
$260K +$256K +4,492 New
Vontobel Holding
221
Vontobel Holding
Switzerland
$253K -$478K -8,381 -66%
VIA
222
Vident Investment Advisory
Georgia
$251K +$247K +4,334 New
SPC
223
Sigma Planning Corp
Michigan
$247K +$741 +13 +0.3%
Carson Wealth (CWM LLC)
224
Carson Wealth (CWM LLC)
Nebraska
$242K +$47K +825 +25%
M&T Bank
225
M&T Bank
New York
$234K +$5.81K +102 +3%
7 8
9
10 11

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.