Elastic
ESTC
370 hedge funds and large institutions have $6.45B invested in Elastic in 2024 Q3 according to their latest regulatory filings, with 68 funds opening new positions, 142 increasing their positions, 114 reducing their positions, and 77 closing their positions.
79% more call options, than puts
Call options by funds: $96.2M | Put options by funds: $53.8M
25% more repeat investments, than reductions
Existing positions increased: 142 | Existing positions reduced: 114
7% more funds holding in top 10
Funds holding in top 10: 15 → 16 (+1)
0.95% less ownership
Funds ownership: 82.72% → 81.77% (-0.95%)
3% less funds holding
Funds holding: 381 → 370 (-11)
12% less first-time investments, than exits
New positions opened: 68 | Existing positions closed: 77
33% less capital invested
Capital invested by funds: $9.59B → $6.45B (-$3.13B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Cadian Capital Management
New York
|
+$131M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$110M |
| 3 |
AM
Atreides Management
Boston,
Massachusetts
|
+$60.6M |
| 4 |
SEP
Soma Equity Partners
San Francisco,
California
|
+$60.4M |
| 5 |
Pictet Asset Management
Carouge,
Switzerland
|
+$47.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1832 Asset Management
Toronto,
Ontario, Canada
|
-$248M |
| 2 |
VOYA Investment Management
Atlanta,
Georgia
|
-$74.7M |
| 3 |
Alkeon Capital Management
New York
|
-$73.5M |
| 4 |
JP Morgan Chase
New York
|
-$66.2M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
-$65.6M |
ESTC Hedge Fund Activity: Q3 2024 in Review
370 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in Elastic (ESTC) for Q3 2024, worth a combined $6.45B — down 33% from $9.59B a quarter earlier.
Sellers outnumbered buyers: 77 funds closed out of ESTC and 68 opened new positions — a net loss of 9 holders — while 114 trimmed existing stakes and 142 added.
The largest buyer was Cadian Capital Management, adding an estimated $131M. The largest seller was 1832 Asset Management, exiting entirely with an estimated $248M sold.
- 370 institutional investors held Elastic (ESTC) as of Q3 2024, down from 381 in Q2 2024.
- Funds reported $6.45B of Elastic stock for Q3 2024, down 33% quarter-over-quarter.
- 68 funds opened new Elastic positions in Q3 2024 and 77 closed out, a net change of -9 holders.
- The largest Elastic buyer in Q3 2024 was Cadian Capital Management, an estimated $131M added.
- The largest Elastic seller in Q3 2024 was 1832 Asset Management, an estimated $248M sold.
Based on aggregated 13F filings for Q3 2024.