Electrovaya is a electrical equipment & parts company in the industrials sector on NASDAQ, led by Raj Das Gupta, with a market cap of $301.3M. As of Q3 2025, 14% of shares are held by 48 institutional investors, with Herald Investment Management Ltd as the largest holder at 3.15%.
Overview of institutional ownership in ELVA as of Q3 2025 with a market cap of $236.2M
Based on market cap of $236.2M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Institutions with the largest positions in ELVA as of Q3 2025
| Institution | Position Value |
|---|---|
H Herald Investment Management Ltd Institution | $7.5M 1.00% of portfolio |
Polar Securities Inc. Hedge Fund•Multi-Strategy | $2.8M 0.08% of portfolio |
Caldwell Investment Management Ltd. RIA/Wealth | $2.4M 1.81% of portfolio |
W WealthTrust Axiom LLC Institution | $2.4M 0.65% of portfolio |
M Mink Brook Asset Management LLC Institution | $2.0M 1.41% of portfolio |
Penbrook Management LLC RIA/Wealth | $1.8M 1.27% of portfolio |
BANK OF AMERICA CORP /DE/ Institution | $1.8M 0.00% of portfolio |
Hillsdale Investment Management Inc. Long Only Manager | $1.7M 0.05% of portfolio |
TANAKA CAPITAL MANAGEMENT INC RIA/Wealth | $1.5M 2.18% of portfolio |
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy | $1.3M 0.01% of portfolio |
Institutional buying and selling activity for ELVA in Q3 2025
| Institution | Net Bought |
|---|---|
Caldwell Investment Management Ltd. RIA/Wealth | +$2.4M +398.0K shares |
BANK OF AMERICA CORP /DE/ Institution | +$1.8M +304.3K shares |
Hillsdale Investment Management Inc. Long Only Manager | +$1.7M +284.7K shares |
TANAKA CAPITAL MANAGEMENT INC RIA/Wealth | +$1.5M +253.9K shares |
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy | +$1.3M +220.4K shares |
Marshall Wace LLP Institution | +$1.1M +193.5K shares |
A AIGH Capital Management LLC Hedge Fund•Long/Short | +$1.1M +-2.0M shares |
R Russell Investments Group, Ltd. RIA/Wealth | +$887.3K +150.6K shares |
FIRST TRUST ADVISORS LP ETF Provider | +$468.1K +79.5K shares |
LAZARD ASSET MANAGEMENT LLC Long Only Manager | +$460.9K +78.3K shares |
| Institution | Net Sold |
|---|---|
Polar Securities Inc. Hedge Fund•Multi-Strategy | −$7.1M −1.2M shares |
M Manatuck Hill Partners, LLC Hedge Fund•Long/Short | −$596.8K −175.0K shares |
M Mink Brook Asset Management LLC Institution | −$286.5K −48.6K shares |
W WealthTrust Axiom LLC Institution | −$27.7K −4.7K shares |
Pacifica Partners Inc. RIA/Wealth | −$2.4K −400.0 shares |
Penbrook Management LLC RIA/Wealth | −$1.2K −200.0 shares |
B Byrne Asset Management LLC RIA/Wealth | −$1.2K −200.0 shares |
N NATIONAL BANK OF CANADA /FI/ Institution | −$472.0 −81.0 shares |
Institutions that initiated new positions or completely exited ELVA in Q3 2025
| Institution | Position Value |
|---|---|
Caldwell Investment Management Ltd. RIA/Wealth | $2.4M 398.0K shares |
Hillsdale Investment Management Inc. Long Only Manager | $1.7M 284.7K shares |
TANAKA CAPITAL MANAGEMENT INC RIA/Wealth | $1.5M 253.9K shares |
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy | $1.3M 220.4K shares |
Marshall Wace LLP Institution | $1.1M 193.5K shares |
R Russell Investments Group, Ltd. RIA/Wealth | $887.3K 150.6K shares |
FIRST TRUST ADVISORS LP ETF Provider | $468.1K 79.5K shares |
LAZARD ASSET MANAGEMENT LLC Long Only Manager | $460.9K 78.3K shares |
C CIBC World Markets Inc. Institution | $449.1K 76.2K shares |
Calamos Advisors LLC Long Only Manager | $419.2K 71.2K shares |
| Institution | Previous Position |
|---|---|
M Manatuck Hill Partners, LLC Hedge Fund•Long/Short | $596.8K 175.0K shares |
Institutions with the largest Call and Put options positions in ELVA as of Q3 2025
| Institution | Position Value |
|---|---|
| No call positions found | |
| Institution | Position Value |
|---|---|
| No put positions found | |
Institutions with ELVA as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
TANAKA CAPITAL MANAGEMENT INC RIA/Wealth | 2.18% $1.5M |
Caldwell Investment Management Ltd. RIA/Wealth | 1.81% $2.4M |
AMH Equity Ltd Hedge Fund•Long/Short | 1.50% $1.2M |
M Mink Brook Asset Management LLC Institution | 1.41% $2.0M |
Penbrook Management LLC RIA/Wealth | 1.27% $1.8M |
H Herald Investment Management Ltd Institution | 1.00% $7.5M |
W WealthTrust Axiom LLC Institution | 0.65% $2.4M |
A AIGH Capital Management LLC Hedge Fund•Long/Short | 0.36% $1.1M |
Polar Securities Inc. Hedge Fund•Multi-Strategy | 0.08% $2.8M |
Hillsdale Investment Management Inc. Long Only Manager | 0.05% $1.7M |
Discover hedge funds investing in ELVA

| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Software - Infrastructure Technology | $2.1B | 1.68% | |
Semiconductors Technology | $1.8B | 1.50% | |
Internet Content & Information Communication Services | $1.4B | 1.18% |
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