Elastic

ESTC • NYSE

Elastic is a software - application company in the technology sector on NYSE, led by Ashutosh Kulkarni, with a market cap of $7.8B. As of Q3 2025, 84% of shares are held by 425 institutional investors, with VANGUARD GROUP INC as the largest holder at 9.6%.

Chief Executive OfficerAshutosh Kulkarni

Market Cap$7.8B

Software - Application

Technology

Employees3.2K

Websiteelastic.co

Country

United States of America

Overview

Overview of institutional ownership in ESTC as of Q3 2025 with a market cap of $9.0B

All Institutions

Institutions: 425
Value Held: $7.5B
Shares Held: 89.1M
Avg Position: $17.7M
Median Position: $1.1M

Hedge Funds

Hedge Funds: 69
Value Held: $2.0B
Shares Held: 24.2M
Avg Position: $29.7M
Median Position: $7.5M

Ownership Breakdown

Institutional (non-HF)

60.99%

$5.5B

Hedge Funds

22.81%

$2.0B

Retail & Other

16.2%

$1.5B

Based on market cap of $9.0B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ESTC as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$862.3M 0.01% of portfolio	9.60% 10.2M shares	Q4 2018 Held for 6y 11m	$6.69T
B BlackRock, Inc. Institution	-	$720.4M 0.01% of portfolio	8.02% 8.5M shares	Q4 2018 Held for 6y 11m	$5.67T
Pictet Asset Management Holding SA Long Only Manager	Elizabeth Retta Dillon CEO	$371.4M 0.36% of portfolio	4.14% 4.4M shares	Q3 2023 Held for 2y 2m	$103.68B
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	David Gary Kabiller Founder	$251.6M 0.16% of portfolio	2.80% 3.0M shares	Q1 2020 Held for 5y 8m	$156.17B
F FIL Ltd Institution	-	$224.0M 0.18% of portfolio	2.49% 2.7M shares	Q4 2018 Held for 6y 11m	$127.75B
S SYLEBRA CAPITAL LLC Hedge Fund•Long/Short	Daniel Patrick Gibson Owner	$199.4M 11.01% of portfolio	2.22% 2.4M shares	Q3 2023 Held for 2y 2m	$1.8B
D D. E. Shaw & Co., Inc. Institution	-	$155.8M 0.13% of portfolio	1.74% 1.8M shares	Q1 2019 Held for 6y 8m	$115.81B
ING INVESTMENT MANAGEMENT LLC Insurance Manager	Robert Jay Presser Director	$150.6M 0.17% of portfolio	1.68% 1.8M shares	Q2 2019 Held for 6y 5m	$88.4B
TIGER GLOBAL MANAGEMENT LLC Hedge Fund•Long/Short	Eric Scott Lane President	$142.8M 0.44% of portfolio	1.59% 1.7M shares	Q3 2023 Held for 2y 2m	$32.4B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$141.6M 0.01% of portfolio	1.58% 1.7M shares	Q4 2018 Held for 6y 11m	$1.57T

Net Capital Flow

Institutional buying and selling activity for ESTC in Q3 2025

Net Flow: +$80.2M
Buyers: 193
Sellers: 196
Total Bought: +$1.1B
Total Sold: −$977.0M
Avg Position: $16.9M

Biggest Buyers

Institution	Net Bought	Current Position
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$96.8M +1.1M shares	$251.6M 3.0M shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	+$78.1M +924.9K shares	$94.1M 1.1M shares
VANGUARD GROUP INC Institution	+$59.6M +706.0K shares	$862.3M 10.2M shares
D D. E. Shaw & Co., Inc. Institution	+$51.9M +614.7K shares	$155.8M 1.8M shares
T TEMASEK HOLDINGS LTD Institution	+$51.9M +614.3K shares	$100.1M 1.2M shares
Marshall Wace LLP Institution	+$46.3M +548.1K shares	$77.4M 916.4K shares
PANAGORA ASSET MANAGEMENT INC Hedge Fund•Quant	+$38.2M +452.1K shares	$77.4M 916.4K shares
R ROYAL BANK OF CANADA Institution	+$36.4M +431.0K shares	$79.8M 944.7K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	+$34.4M +406.8K shares	$49.1M 580.7K shares
BANK OF AMERICA CORP /DE/ Institution	+$33.3M +394.1K shares	$122.5M 1.4M shares

Biggest Sellers

Institution	Net Sold	Current Position
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Long Only Manager	−$135.4M −1.6M shares	$19.5M 230.6K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$98.4M −1.2M shares	$71.5M 846.4K shares
CADIAN CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	−$49.2M −583.5K shares	Sold Off 0 shares
Artisan Partners Limited Partnership Long Only Manager	−$43.5M −515.4K shares	Sold Off 0 shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$42.6M −505.6K shares	Sold Off 0 shares
JPMORGAN CHASE & CO Institution	−$41.4M −489.9K shares	$35.1M 415.1K shares
A Assenagon Asset Management S.A. Institution	−$34.3M −406.3K shares	$16.0M 189.2K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$33.3M −394.1K shares	$92.5M 1.1M shares
D Daventry Group, LP Hedge Fund•Long/Short	−$31.5M −372.3K shares	$30.1M 355.8K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$30.1M −356.5K shares	$99.3M 1.2M shares

Entry and Exit Activity

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

New Positions: 35
New Value: $9.7M
Exited Positions: 75
Exited Value: $270.6M

New Positions

Institution	Position Value
Krilogy Financial LLC RIA/Wealth	$1.4M 16.5K shares
Jackson Creek Investment Advisors LLC Long Only Manager	$1.4M 16.3K shares
WINCAP FINANCIAL LLC RIA/Wealth	$953.2K 11.3K shares
P Phoenix Holdings Ltd. Institution	$531.8K 6.3K shares
Caerus Investment Advisors, LLC Venture Capital	$500.4K 5.9K shares
INTL FCSTONE INC. Institution	$428.1K 5.1K shares
waypoint wealth counsel RIA/Wealth	$344.0K 4.1K shares
Catalytic Wealth RIA, LLC RIA/Wealth	$298.2K 3.5K shares
Warren Averett Asset Management, LLC RIA/Wealth	$288.7K 3.4K shares
Requisite Capital Management, LLC RIA/Wealth	$288.0K 3.4K shares

Exited Positions

Institution	Previous Position
CADIAN CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	$49.2M 583.5K shares
Artisan Partners Limited Partnership Long Only Manager	$43.5M 515.4K shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	$42.6M 505.6K shares
FRANKLIN RESOURCES INC Institution	$16.8M 199.7K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$15.7M 185.8K shares
S Shannon River Fund Management CO LLC Hedge Fund•Long/Short	$15.5M 184.4K shares
I INFINITUM ASSET MANAGEMENT, LLC Hedge Fund•Long/Short	$8.4M 100.0K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$6.0M 70.8K shares
Stanley-Laman Group, Ltd. RIA/Wealth	$6.0M 70.8K shares
V Vanderbilt University Institution	$5.5M 65.5K shares

Options Activity

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

Call Positions: 21
Call Value: $147.6M
Put Positions: 19
Put Value: $96.1M

Call Positions

Institution	Position Value
Jain Global LLC Hedge Fund•Multi-Strategy	$50.7M 6.0K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$37.6M 4.5K contracts
SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC Hedge Fund•Long/Short	$11.1M 1.3K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$9.9M 1.2K contracts
J JANE STREET GROUP, LLC Institution	$6.0M 713.0 contracts
M Meridiem Capital Partners LP Hedge Fund•Long/Short	$5.9M 700.0 contracts
W WOLVERINE TRADING, LLC Institution	$5.7M 651.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.7M 559.0 contracts
C Cubist Systematic Strategies, LLC Institution	$3.4M 399.0 contracts
Interval Partners, LLC Hedge Fund•Long/Short	$2.1M 250.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$26.4M 3.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$22.7M 2.7K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$10.9M 1.3K contracts
J JANE STREET GROUP, LLC Institution	$10.5M 1.2K contracts
BARCLAYS PLC Institution	$9.5M 1.1K contracts
Walleye Trading LLC RIA/Wealth	$3.1M 362.0 contracts
D D. E. Shaw & Co., Inc. Institution	$2.9M 346.0 contracts
C Cubist Systematic Strategies, LLC Institution	$2.6M 303.0 contracts
W WOLVERINE TRADING, LLC Institution	$2.2M 250.0 contracts
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$2.1M 246.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
D Daventry Group, LP Hedge Fund•Long/Short	Andrew Lawrence Dantzig CEO	21.28% $30.1M	0.33% 355.8K shares	Q4 2021 Held for 3y 11m	$141.3M
S SYLEBRA CAPITAL LLC Hedge Fund•Long/Short	Daniel Patrick Gibson Owner	11.01% $199.4M	2.22% 2.4M shares	Q3 2023 Held for 2y 2m	$1.8B
Optimus Prime Fund Management Co., Ltd. RIA/Wealth	John Christian Gesek Managing Partner	9.16% $103.4M	1.15% 1.2M shares	Q2 2019 Held for 6y 5m	$1.1B
Toronado Partners, LLC Hedge Fund•Long/Short	John Stephen Perkins Managing Partner	7.26% $10.9M	0.12% 129.5K shares	Q3 2022 Held for 3y 2m	$150.9M
RGM Capital, LLC Hedge Fund•Value	Robert Glyn Moses Managing Partner	5.94% $141.1M	1.57% 1.7M shares	Q4 2024 Held for 11 months	$2.4B
S SOMA EQUITY PARTNERS LP Hedge Fund•Long/Short	Gil Nmn Simon CIO	5.62% $111.9M	1.25% 1.3M shares	Q3 2024 Held for 1y 2m	$2.0B
No Street GP LP Hedge Fund•Long/Short	Jeffrey Bryan Osher Founder	2.95% $44.4M	0.49% 525.0K shares	Q4 2024 Held for 11 months	$1.5B
Alight Capital Management LP Hedge Fund•Long/Short	Dipak Mohan Patel CEO	2.42% $10.1M	0.11% 120.0K shares	Q2 2025 Held for 5 months	$418.3M
Pamplona Capital Management, LLC Private Equity	Kevin Finbarr O'Flaherty CCO	2.34% $17.8M	0.20% 210.6K shares	Q4 2024 Held for 11 months	$760.4M
WESTERLY CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	Christopher James Galvin Managing Partner	2.14% $6.8M	0.08% 80.0K shares	Q3 2025 Held for 2 months	$315.2M

Hedge Fund Spotlight

Discover hedge funds investing in ESTC

Melqart Asset Management Ltd

Hedge Fund • Multi-Strategy

Portfolio ManagerMichel Nmn Massoud

Portfolio Value: $766.2M
Positions: 45
Last Reported: Q3 2025

Sector Allocation

Position in Elastic

Market Value: $4.2M
Shares Held: 49.3K
Portfolio Weight: 0.54%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 ALLETE ALE	Diversified Utilities Utilities	$52.2M	6.82%
2 CyberArk Software CYBR	Software - Infrastructure Technology	$51.2M	6.68%
3 Synopsys SNPS	Software - Infrastructure Technology	$43.2M	5.64%