e.l.f. Beauty

ELF • NYSE

e.l.f. Beauty is a household & personal products company in the consumer defensive sector on NYSE, led by Tarang Amin, with a market cap of $4.6B. As of Q3 2025, 101% of shares are held by 491 institutional investors, with BAILLIE GIFFORD & CO as the largest holder at 12.95%.

Chief Executive OfficerTarang Amin

Market Cap$4.6B

Household & Personal Products

Consumer Defensive

Employees475.0

Websiteelfcosmetics.com

Country

United States of America

Overview

Overview of institutional ownership in ELF as of Q3 2025 with a market cap of $7.5B

All Institutions

Institutions: 491
Value Held: $7.6B
Shares Held: 57.5M
Avg Position: $15.5M
Median Position: $758.7K

Hedge Funds

Hedge Funds: 46
Value Held: $608.7M
Shares Held: 4.6M
Avg Position: $13.2M
Median Position: $4.4M

Ownership Breakdown

Institutional (non-HF)

93.24%

$7.0B

Hedge Funds

8.1%

$608.7M

Retail & Other

Based on market cap of $7.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ELF as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BAILLIE GIFFORD & CO Institution	-	$973.7M 0.72% of portfolio	12.95% 7.3M shares	Q2 2024 Held for 1y 5m	$134.80B
B BlackRock, Inc. Institution	-	$823.9M 0.01% of portfolio	10.96% 6.2M shares	Q4 2016 Held for 8y 11m	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$708.4M 0.01% of portfolio	9.42% 5.3M shares	Q3 2016 Held for 9y 2m	$6.69T
C Champlain Investment Partners, LLC Long Only Manager	Judith Wilkinson O'Connell CEO	$273.3M 2.06% of portfolio	3.64% 2.1M shares	Q3 2024 Held for 1y 2m	$13.3B
Clearbridge Investments, LLC Long Only Manager	Terrence James Murphy President	$255.2M 0.19% of portfolio	3.40% 1.9M shares	Q1 2024 Held for 1y 8m	$132.87B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$228.4M 0.01% of portfolio	3.04% 1.7M shares	Q4 2016 Held for 8y 11m	$2.88T
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$196.8M 0.02% of portfolio	2.62% 1.5M shares	Q2 2021 Held for 4y 5m	$912.31B
FMR LLC Institution	-	$158.8M 0.01% of portfolio	2.11% 1.2M shares	Q2 2021 Held for 4y 5m	$1.92T
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$138.6M 0.01% of portfolio	1.84% 1.0M shares	Q3 2016 Held for 9y 2m	$1.65T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$135.1M 0.01% of portfolio	1.80% 1.0M shares	Q4 2016 Held for 8y 11m	$1.57T

Net Capital Flow

Institutional buying and selling activity for ELF in Q3 2025

Traded: +$152.1M
Buyers: 251
Sellers: 245
Total Bought: +$1.1B
Total Sold: −$992.8M
Avg Position: $13.5M

Biggest Buyers

Institution	Net Bought	Current Position
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	+$156.2M +1.2M shares	$196.8M 1.5M shares
E Ensign Peak Advisors, Inc Institution	+$101.4M +765.6K shares	$126.9M 958.2K shares
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	+$80.6M +608.7K shares	$80.7M 609.1K shares
I Ilex Capital Partners LLP Institution	+$56.9M +429.1K shares	$56.9M 429.1K shares
Woodline Partners LP Hedge Fund•Long/Short	+$52.6M +397.1K shares	$52.6M 397.1K shares
JPMORGAN CHASE & CO Institution	+$49.3M +372.0K shares	$63.5M 479.0K shares
FMR LLC Institution	+$42.4M +320.4K shares	$158.8M 1.2M shares
LORD, ABBETT & CO. LLC Long Only Manager	+$41.7M +314.5K shares	$41.7M 314.5K shares
B BlackRock, Inc. Institution	+$40.7M +307.6K shares	$823.9M 6.2M shares
ING INVESTMENT MANAGEMENT LLC Insurance Manager	+$34.6M +261.5K shares	$91.6M 692.3K shares

Biggest Sellers

Institution	Net Sold	Current Position
Marshall Wace LLP Institution	−$108.9M −822.4K shares	$16.7M 126.3K shares
CONGRESS ASSET MANAGEMENT CO /MA Long Only Manager	−$78.8M −594.8K shares	$47.2M 356.5K shares
B BAILLIE GIFFORD & CO Institution	−$55.8M −421.1K shares	$973.7M 7.3M shares
M Man Group plc Institution	−$49.5M −373.8K shares	$6.2M 46.6K shares
A AMERICAN CENTURY COMPANIES INC Institution	−$49.2M −371.4K shares	$15.8M 119.5K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$49.0M −369.5K shares	$42.9M 323.7K shares
D D. E. Shaw & Co., Inc. Institution	−$41.5M −333.2K shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$38.0M −286.5K shares	$60.3M 455.4K shares
BANK OF AMERICA CORP /DE/ Institution	−$35.0M −264.0K shares	$40.2M 303.5K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	−$33.5M −253.2K shares	$36.1M 272.2K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ELF in Q3 2025

New Positions: 37
New Value: $37.5M
Exited Positions: 73
Exited Value: $197.1M

New Positions

Institution	Position Value
Broad Bay Capital Management, LP Hedge Fund•Long/Short	$20.1M 151.6K shares
C CAXTON ASSOCIATES LLP Institution	$4.8M 36.4K shares
E Estate Counselors, LLC Institution	$3.8M 28.5K shares
Peregrine Asset Advisers, Inc. RIA/Wealth	$2.4M 18.5K shares
Warren Averett Asset Management, LLC RIA/Wealth	$1.5M 11.2K shares
Friedenthal Financial RIA/Wealth	$964.6K 7.3K shares
INTECH INVESTMENT MANAGEMENT LLC Long Only Manager	$523.3K 4.0K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$471.8K 4.3K shares
N NewEdge Wealth, LLC Institution	$459.1K 3.9K shares
Wedmont Private Capital RIA/Wealth	$310.9K 2.2K shares

Exited Positions

Institution	Previous Position
D D. E. Shaw & Co., Inc. Institution	$41.5M 333.2K shares
A AXA Institution	$24.3M 195.5K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$13.4M 107.9K shares
LANDSCAPE CAPITAL MANAGEMENT, L.L.C. Hedge Fund•Market Neutral	$12.5M 100.6K shares
B Banco Santander, S.A. Institution	$10.8M 86.6K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$10.4M 83.8K shares
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$7.1M 57.4K shares
Robeco Investment Management, Inc. Long Only Manager	$6.9M 55.4K shares
L Lee Munder Capital Group, LLC Long Only Manager	$5.8M 46.4K shares
Y Y-Intercept Ltd Institution	$5.8M 46.2K shares

Options Activity

Institutions with the largest Call and Put options positions in ELF as of Q3 2025

Call Positions: 20
Call Value: $568.8M
Put Positions: 24
Put Value: $589.8M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$148.2M 11.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$107.9M 8.1K contracts
J JANE STREET GROUP, LLC Institution	$79.2M 6.0K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$49.9M 3.8K contracts
W WOLVERINE TRADING, LLC Institution	$48.8M 3.7K contracts
D D. E. Shaw & Co., Inc. Institution	$31.7M 2.4K contracts
BARCLAYS PLC Institution	$19.9M 1.5K contracts
P PEAK6 LLC Institution	$16.8M 1.3K contracts
GOLDMAN SACHS GROUP INC Institution	$12.2M 921.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$11.0M 833.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$129.7M 9.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$100.7M 7.6K contracts
J JANE STREET GROUP, LLC Institution	$58.0M 4.4K contracts
D D. E. Shaw & Co., Inc. Institution	$47.2M 3.6K contracts
GOLDMAN SACHS GROUP INC Institution	$35.7M 2.7K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$33.9M 2.6K contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$31.6M 2.4K contracts
W WOLVERINE TRADING, LLC Institution	$29.8M 2.3K contracts
BARCLAYS PLC Institution	$19.9M 1.5K contracts
Walleye Trading LLC RIA/Wealth	$18.0M 1.4K contracts

Most Committed Institutions

Institutions with ELF as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Ibex Investors LLC Hedge Fund•Multi-Strategy	Justin Bradley Borus CEO	11.19% $13.5M	0.18% 102.0K shares	Q4 2024 Held for 11 months	$120.8M
P Prime Capital Management Co Ltd Institution	-	9.62% $80.1M	1.07% 604.5K shares	Q4 2024 Held for 11 months	$832.4M
Teca Partners, LP Hedge Fund•Long/Short	Fernando Vigil CIO	5.77% $9.1M	0.12% 69.1K shares	Q1 2025 Held for 8 months	$158.5M
American Alpha Advisors, LLC RIA/Wealth	Mark Douglas Leimberger CEO	3.58% $4.9M	0.07% 37.0K shares	Q3 2024 Held for 1y 2m	$136.8M
Portolan Capital Management, LLC Hedge Fund•Long/Short	George Frederic Mccabe CIO	3.49% $64.6M	0.86% 487.5K shares	Q3 2018 Held for 7y 2m	$1.8B
JACOBSON & SCHMITT ADVISORS, LLC RIA/Wealth	Adam Christopher Sweet Partner	3.19% $18.6M	0.25% 140.4K shares	Q1 2025 Held for 8 months	$582.8M
Broad Bay Capital Management, LP Hedge Fund•Long/Short	Richard Scott Greeder Founder	2.49% $20.1M	0.27% 151.6K shares	Q3 2025 Held for 2 months	$808.0M
S Sapience Investments, LLC Long Only Manager	Samir (Nmn) Sikka CEO	2.31% $590.6K	0.01% 4.5K shares	Q1 2025 Held for 8 months	$25.5M
WISCONSIN CAPITAL MANAGEMENT LLC RIA/Wealth	Thomas Gerald Plumb President	2.10% $4.1M	0.05% 31.1K shares	Q4 2022 Held for 2y 11m	$195.9M
C Champlain Investment Partners, LLC Long Only Manager	Judith Wilkinson O'Connell CEO	2.06% $273.3M	3.64% 2.1M shares	Q3 2024 Held for 1y 2m	$13.3B

Hedge Fund Spotlight

Discover hedge funds investing in ELF

Aquatic Capital Management LLC

Hedge Fund • Quant

Portfolio ManagerJonathan Cullen Graham

Portfolio Value: $5.4B
Positions: 1,343
Last Reported: Q3 2025

Sector Allocation

Position in e.l.f. Beauty

Market Value: $526.5K
Shares Held: 4.0K
Portfolio Weight: 0.01%
Owned Since: 2022-Q4

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