What smart money is saying about Elastic NV
ESTC
No fund has written a full thesis on Elastic NV in our archive, but 2 fund letters report a position in it — most recently TimesSquare U.S. Mid Cap Growth in September 2026.
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2
Reported positions
0
Bought
1
Sold
2
Letters
Position history
Between Q3 2025 and Q3 2026, 2 fund letters reported a position in Elastic NV — 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 0 |
| Q3 2025 | 1 | 0 | 1 | 0 |
Fund activity · 2 positions · 1 move
- September 2026
“Elastic NV Return: +61% · Avg. Weight: 1% · Total Effect: +38 bps ESTC develops enterprise-wide search and analytical services for a diverse set of uses. Shares rose after the company reported results that were higher than anticipated: revenue grew 15% year-over-year, sales-led subscription revenue accelerated to 18% growth, and the company posted a record net add of $100k+ customers, with the share of those customers using AI features nearly doubling.”
Elastic NV - September 2025
“During the quarter, we made several changes among our software holdings, exiting four positions—Confluent, Elastic, Gitlab and Clearwater Analytics—due to factors such as competitive vulnerabilities, the impact of open-source alternatives and increased leverage tied to large-scale M&A activity.”
Elastic NV
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