Elastic
ESTC
312 hedge funds and large institutions have $6.3B invested in Elastic in 2023 Q3 according to their latest regulatory filings, with 55 funds opening new positions, 107 increasing their positions, 93 reducing their positions, and 48 closing their positions.
165% more call options, than puts
Call options by funds: $155M | Put options by funds: $58.5M
33% more capital invested
Capital invested by funds: $4.72B → $6.3B (+$1.58B)
15% more repeat investments, than reductions
Existing positions increased: 107 | Existing positions reduced: 93
15% more first-time investments, than exits
New positions opened: 55 | Existing positions closed: 48
8% more funds holding in top 10
Funds holding in top 10: 12 → 13 (+1)
3.18% more ownership
Funds ownership: 75.57% → 78.75% (+3.2%)
2% more funds holding
Funds holding: 307 → 312 (+5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tiger Global Management
New York
|
+$117M |
| 2 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
+$82.8M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
+$65.8M |
| 4 |
Alkeon Capital Management
New York
|
+$61.4M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$60.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$117M |
| 2 |
AM
Atreides Management
Boston,
Massachusetts
|
-$78.9M |
| 3 |
SHCM
Sachem Head Capital Management
New York
|
-$58.5M |
| 4 |
SCH
Sylebra Capital (HK)
Hong Kong
|
-$45.4M |
| 5 |
JSP
Jackson Square Partners
Larkspur,
California
|
-$29.5M |
ESTC Hedge Fund Activity: Q3 2023 in Review
312 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Elastic (ESTC) for Q3 2023, worth a combined $6.3B — up 33% from $4.72B a quarter earlier.
Buyers outnumbered sellers: 55 funds opened new ESTC positions and 48 closed out — a net gain of 7 holders — while 107 added to existing stakes and 93 trimmed.
The largest buyer was Tiger Global Management, opening a new position worth an estimated $117M. The largest seller was Deutsche Bank, cutting an estimated $117M.
- 312 institutional investors held Elastic (ESTC) as of Q3 2023, up from 307 in Q2 2023.
- Funds reported $6.3B of Elastic stock for Q3 2023, up 33% quarter-over-quarter.
- 55 funds opened new Elastic positions in Q3 2023 and 48 closed out, a net change of +7 holders.
- The largest Elastic buyer in Q3 2023 was Tiger Global Management, an estimated $117M added.
- The largest Elastic seller in Q3 2023 was Deutsche Bank, an estimated $117M sold.
Based on aggregated 13F filings for Q3 2023.