Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Elastic N V (ESTC)

367 + Investors. Track Smart Money conviction in ESTC. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
2Q ▼
Buyers last Q
50%

Smart Money Signals — ESTC

Based on 377 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their ESTC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 85% of 3.0Y peak

85% of all-time peak
377 funds currently hold this stock — 85% of the 3.0-year high of 443 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 15% fewer funds vs a year ago

fund count last 6Q
66 fewer hedge funds hold ESTC compared to a year ago (-15% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 50% buying

212 buying216 selling
Last quarter: 212 funds bought or added vs 216 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+16 vs last Q)

new funds entering per quarter
Funds opening a new ESTC position: 80 → 96 → 62 → 78. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

56% of holders stayed for 2+ years

■ 56% conviction (2yr+) ■ 23% medium ■ 21% new
212 out of 377 hedge funds have held ESTC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

91 → 80 → 96 → 62 → 78 new funds/Q
New funds entering each quarter: 80 → 96 → 62 → 78. ESTC is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 66% veterans vs 21% newcomers

■ 66% veterans ■ 13% 1-2yr ■ 21% new
Entry-cohort mix of 399 holders: 264 (66%) are 2+ year veterans, 50 entered 1–2 years ago, and 85 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 53% AUM from top-100 funds

53% from top-100 AUM funds
57 of 372 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in ESTC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.8
out of 10
Low Exit Risk
Exit risk score 2.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — ESTC

In 2026 Q2, 212 hedge funds were net buyers of ESTC (78 opened a new position, 134 added to an existing one), while 216 reduced or exited (136 trimmed, 80 sold completely) — a 50% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 53% of total institutional value in ESTC is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 377.

Hedge Fund Ownership: ESTC

How many hedge funds hold ESTC — quarterly history vs. share price
Quarterly hedge fund ownership of ESTC vs. share price

Market Analysis: ESTC

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ESTC

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

21 top-rated funds 4 high-conviction
Consensus
5.8
/ 10
breadth
×
Elite
4.3
/ 10
conviction
Hedge Fund Positioning: ESTC
367 + Investors

Track Smart Money conviction in ESTC. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 367 379 -3.17%
13F Shares 96M 95M 0.52%
Total Value $5.23B $4.71B 11.16%
New Positions 76 62 +14
Increased Positions 126 130 -4
Closed Positions 83 124 -41
Reduced Positions 128 141 -13
Total Calls 16 15 6.67%
Total Puts 11 9 22.22%
PUT/CALL Ratio 0.69 0.6 Bullish

Statistics: ESTC

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

367 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in ESTC. Verified SEC 13F-HR filings.

QUARTER:
Top 25 ESTC holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Toronado Partners, LLC 7.46% 46,507 $2.7M
2 Optimus Prime Fund Management Co., Ltd. 5.17% 1,224,200 $69.8M
3 Goldentree Asset Management LP 3.83% 1,156,383 $65.8M
4 Pamplona Capital Management, LLC 3.32% 210,600 $12.0M
5 Lane Generational LLC 3.24% 64,796 $3.7M
6 Sylebra Capital LLC 3.18% 526,465 $30.0M
7 Cypress Point Investment Management LP 2.83% 274,030 $15.6M
8 No Street GP LP 2.31% 675,000 $38.5M
9 Clearline Capital LP 1.19% 349,153 $19.9M
10 Alamar Capital Management, LLC 1.10% 38,030 $2.2M
11 Defiance ETFs, LLC 0.87% 1,094,323 $64.0M
12 Planned Solutions, Inc. 0.73% 44,870 $2.6M
13 Soros Fund Management LLC 0.70% 997,700 $56.9M
14 Nano Cap New Millennium Growth Fund L P 0.55% 12,500 $713K
15 Washington Capital Management, Inc 0.53% 14,100 $804K
16 Westerly Capital Management, LLC 0.53% 50,000 $2.9M
17 Osborne Partners Capital Management, LLC 0.45% 143,544 $8.2M
18 Tejara Capital Ltd 0.42% 18,000 $1.0M
19 Sunstone Asset Management, LP 0.41% 6,600 $376K
20 Alyeska Investment Group, L.P. 0.36% 2,469,261 $140.8M
21 Twinbeech Capital LP 0.35% 33,822 $1.9M
22 Oak Thistle LLC 0.32% 58,129 $3.3M
23 Pictet Asset Management Holding SA 0.32% 5,824,386 $332.1M
24 Wakefield Asset Management LLLP 0.30% 23,396 $1.3M
25 Heron Bay Capital Management 0.29% 56,402 $3.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Elastic N V (ESTC)

What does the Smart Money Trend signal show for ESTC?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their ESTC positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for ESTC?

Slight buying edge — 50% buying: Last quarter: 212 funds bought or added vs 216 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for ESTC holders?

Elite ownership — 53% AUM from top-100 funds: 57 of 372 holders are among the 100 largest funds by AUM, controlling 53% of total institutional value in ESTC. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held ESTC?

56% of holders stayed for 2+ years: 212 out of 377 hedge funds have held ESTC for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →