Elastic
ESTC
359 hedge funds and large institutions have $8.08B invested in Elastic in 2024 Q1 according to their latest regulatory filings, with 66 funds opening new positions, 130 increasing their positions, 118 reducing their positions, and 63 closing their positions.
139% more call options, than puts
Call options by funds: $214M | Put options by funds: $89.4M
10% more repeat investments, than reductions
Existing positions increased: 130 | Existing positions reduced: 118
1.57% more ownership
Funds ownership: 78.4% → 79.98% (+1.6%)
5% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 63
0% more funds holding
Funds holding: 358 → 359 (+1)
7% less funds holding in top 10
Funds holding in top 10: 14 → 13 (-1)
8% less capital invested
Capital invested by funds: $8.8B → $8.08B (-$724M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$276M |
| 2 |
Fidelity International
Hamilton,
Bermuda
|
+$154M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
+$90.2M |
| 4 |
AM
Atreides Management
Boston,
Massachusetts
|
+$82.6M |
| 5 |
CCM
Cadian Capital Management
New York
|
+$75.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRCM
Whale Rock Capital Management
Boston,
Massachusetts
|
-$147M |
| 2 |
Morgan Stanley
New York
|
-$67.1M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$58.2M |
| 4 |
D.E. Shaw & Co
New York
|
-$56.6M |
| 5 |
SC
Sylebra Capital
Palo Alto,
California
|
-$56.2M |
ESTC Hedge Fund Activity: Q1 2024 in Review
359 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Elastic (ESTC) for Q1 2024, worth a combined $8.08B — down 8.2% from $8.8B a quarter earlier.
Buyers outnumbered sellers: 66 funds opened new ESTC positions and 63 closed out — a net gain of 3 holders — while 130 added to existing stakes and 118 trimmed.
The largest buyer was Baillie Gifford & Co, adding an estimated $276M. The largest seller was Whale Rock Capital Management, cutting an estimated $147M.
- 359 institutional investors held Elastic (ESTC) as of Q1 2024, up from 358 in Q4 2023.
- Funds reported $8.08B of Elastic stock for Q1 2024, down 8.2% quarter-over-quarter.
- 66 funds opened new Elastic positions in Q1 2024 and 63 closed out, a net change of +3 holders.
- The largest Elastic buyer in Q1 2024 was Baillie Gifford & Co, an estimated $276M added.
- The largest Elastic seller in Q1 2024 was Whale Rock Capital Management, an estimated $147M sold.
Based on aggregated 13F filings for Q1 2024.