Elastic
ESTC
358 hedge funds and large institutions have $8.8B invested in Elastic in 2023 Q4 according to their latest regulatory filings, with 88 funds opening new positions, 121 increasing their positions, 103 reducing their positions, and 37 closing their positions.
138% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 37
101% more call options, than puts
Call options by funds: $244M | Put options by funds: $121M
40% more capital invested
Capital invested by funds: $6.3B → $8.8B (+$2.51B)
17% more repeat investments, than reductions
Existing positions increased: 121 | Existing positions reduced: 103
15% more funds holding
Funds holding: 312 → 358 (+46)
8% more funds holding in top 10
Funds holding in top 10: 13 → 14 (+1)
0.35% less ownership
Funds ownership: 78.75% → 78.4% (-0.35%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VOYA Investment Management
Atlanta,
Georgia
|
+$226M |
| 2 |
JP Morgan Chase
New York
|
+$127M |
| 3 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
+$107M |
| 4 |
SPPAM
Summit Partners Public Asset Management
Boston,
Massachusetts
|
+$64.9M |
| 5 |
PCH
Polar Capital Holdings
London,
United Kingdom
|
+$64.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$266M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
-$190M |
| 3 |
SI
Standard Investments
New York
|
-$100M |
| 4 |
Alkeon Capital Management
New York
|
-$84.2M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$78.7M |
ESTC Hedge Fund Activity: Q4 2023 in Review
358 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Elastic (ESTC) for Q4 2023, worth a combined $8.8B — up 40% from $6.3B a quarter earlier.
Buyers outnumbered sellers: 88 funds opened new ESTC positions and 37 closed out — a net gain of 51 holders — while 121 added to existing stakes and 103 trimmed.
The largest buyer was VOYA Investment Management, adding an estimated $226M. The largest seller was Fidelity Investments, cutting an estimated $266M.
- 358 institutional investors held Elastic (ESTC) as of Q4 2023, up from 312 in Q3 2023.
- Funds reported $8.8B of Elastic stock for Q4 2023, up 40% quarter-over-quarter.
- 88 funds opened new Elastic positions in Q4 2023 and 37 closed out, a net change of +51 holders.
- The largest Elastic buyer in Q4 2023 was VOYA Investment Management, an estimated $226M added.
- The largest Elastic seller in Q4 2023 was Fidelity Investments, an estimated $266M sold.
Based on aggregated 13F filings for Q4 2023.