What smart money is saying about Establishment Labs Holdings
ESTA
No fund has written a full thesis on Establishment Labs Holdings in our archive, but 6 fund letters report a position in it — most recently Brown Advisory Small-Cap Growth Strategy in September 2026.
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6
Reported positions
0
Bought
2
Sold
6
Letters
Position history
Between Q1 2026 and Q3 2026, 6 fund letters reported a position in Establishment Labs Holdings, with 2 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 0 | 0 |
| Q2 2026 | 3 | 0 | 2 | 0 |
| Q1 2026 | 1 | 0 | 0 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 6 positions · 2 moves
- September 2026
“Shares of Establishment Labs Holdings, Inc. (ESTA) shares were pressured following second-quarter results, as tepid growth outside the U.S. and a modest, unexpected gross-margin miss weighed on investor sentiment, particularly given the stock’s elevated valuation.”
Establishment Labs Holdings - HoldsBaron Discovery FundSeptember 2026
Listed in Baron Discovery Fund’s reported holdings.
Establishment Labs Holdings - TrimmedBaron Discovery FundJune 2026
“Top net sales for the quarter Year Acquired Market Cap When Acquired ($B) Quarter End Market Cap or Market Cap When Sold ($B) Net Amount Sold ($M) Establishment Labs Holdings Inc. 2022 1.9 2.5 40.1 Advanced Energy Industries, Inc. 2019 2.6 14.2 34.9 Birkenstock Holding plc 2025 9.6 8.1 32.7 SiTime Corporation 2023 2.3 19.7 27.6 Alkami Technology Inc. 2021 3.6 1.8 27.3 Establishment Labs Holdings Inc. sells next-generation Motiva breast implants that have meaningfully lower safety risks and aesthetic benefits compared to competitors. Shares outperformed in the second quarter, driven by continued strong adoption of Motiva in the U.S. breast augmentation market and anticipation of the upcoming launch in the U.S. breast reconstruction market. Additionally, the macro consumer spending anxieties and silicone supplier contract fears that weighed on the stock last quarter have notably eased. Positive momentum was further amplified by the company's official inclusion in the Russell 2000 Index, which drives increased institutional visibility and index-related buying. This caused significant upward share price movement, and we trimmed our investment based upon shares nearing our long-term valuation targets.”
Establishment Labs Holdings - TrimmedBaron Discovery StrategyJune 2026
“Establishment Labs Holdings Inc. sells next-generation Motiva breast implants that have meaningfully lower safety risks and aesthetic benefits compared to competitors. Shares outperformed in the second quarter, driven by continued strong adoption of Motiva in the U.S. breast augmentation market and anticipation of the upcoming launch in the U.S. breast reconstruction market. Additionally, the macro consumer spending anxieties and silicone supplier contract fears that weighed on the stock last quarter have notably eased. Positive momentum was further amplified by the company's official inclusion in the Russell 2000 Index, which drives increased institutional visibility and index-related buying. This caused significant upward share price movement, and we trimmed our investment based upon shares nearing our long- term valuation targets.”
Establishment Labs Holdings - June 2026
“ Shares of Establishment Labs Holdings Inc (ESTA) continued to react favorably to rapid market share gains in the U.S. market combined with a positive inflection in overall profitability.”
Establishment Labs Holdings - March 2026
“CCC Intelligent Solutions Holdings Inc. (CCC) shares were pressured by broad negative sentiment for the software industry. Shares of Establishment Labs Holdings, Inc.(ESTA) fell in the period, as concerns around the economic impact of the ongoing conflict in the Middle East could impact consumer sentiment and discretionary spending.”
Establishment Labs Holdings
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