undamentalytics Newsletter

Establishment Labs Holdings Inc.: which funds bought and sold

Institutions that bought and sold Establishment Labs shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 123 institutions that filed 13F reports for both quarters added to or opened positions in Establishment Labs, and 82 cut or closed them. Together they added a net 1.8M shares, +6.7% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 126K shares (−1.1%); index fund managers were net buyers of 2.7M shares (+804.8%). 55 opened a new position and 31 sold out entirely.

Bought, Q2 2026 123 institutions, 55 of them new holders Sold, Q2 2026 82 institutions, 31 of them sold out
Net change, all compared +1.8M shares (+6.7%)
Net change, active managers −126K shares (−1.1%), 23 bought, 23 sold

Buyers versus sellers

institutions compared, 226
Active managers and hedge funds 23 bought · 23 sold · −126K
Index fund managers 9 bought · 0 sold · +2.7M
Other institutions 91 bought · 59 sold · −789K

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Price T Rowe Associates Inc Active manager +1.5M New position 1.5M $132M
Blackrock, Inc. Index funds +1.5M +1140.6% 1.6M $136M
Rubric Capital Management LP Hedge fund +688K New position 688K $59.1M
State Street Corp Index funds +410K +908.9% 455K $39.1M
UBS Group AG +401K +271.8% 549K $47.1M
Franklin Resources Inc Active manager +374K +156.5% 614K $52.7M
Geode Capital Management, LLC Index funds +358K +1279.2% 386K $33.1M
Assenagon Asset Management S.A. +220K +429.8% 272K $23.3M
Bank Of America Corp +191K +45.9% 608K $52.2M
Vanguard Portfolio Management LLC Index funds +190K +363.8% 242K $20.8M
D. E. Shaw & Co., Inc. Hedge fund +159K +39.0% 567K $48.6M
Northern Trust Corp Index funds +153K +187.2% 235K $20.2M
Healthcare Of Ontario Pension Plan Trust Fund +145K New position 145K $12.5M
HRT Financial LP +127K +116.9% 236K $20.2M
Divisadero Street Capital Management, LP +107K New position 107K $9.2M
First Trust Advisors LP +99K New position 99K $8.5M
Summit Partners Public Asset Management, LLC +99K +25.1% 491K $42.2M
Findell Capital Management LLC +98K +9.8% 1.1M $94M
Capital Research Global Investors Active manager +86K +83.7% 189K $16.2M
Walleye Capital LLC Hedge fund +80K New position 80K $6.9M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
BAMCO Inc Active manager −678K −70.3% 286K $24.6M
Tyro Capital Management LLC −546K −47.4% 606K $52M
Goldman Sachs Group Inc −465K −73.5% 167K $14.4M
Braidwell LP Hedge fund −464K Sold out 0 —
Citadel Advisors LLC Hedge fund −448K −81.6% 101K $8.7M
Jw Asset Management, LLC −369K −12.0% 2.7M $231M
Millennium Management LLC Hedge fund −368K Sold out 0 —
Jane Street Group, LLC −266K −42.4% 361K $31M
Marshall Wace, LLP Hedge fund −226K −97.7% 5,231 $448,873
Brown Advisory Inc Active manager −214K −14.0% 1.3M $113M
Qube Research & Technologies Ltd Hedge fund −205K −89.9% 23K $2M
Jpmorgan Chase & Co −181K −49.9% 182K $16M
Tejara Capital Ltd −178K −57.6% 131K $11.2M
Tudor Investment Corp Et Al Hedge fund −171K Sold out 0 —
Nantahala Capital Management, LLC Hedge fund −161K −19.4% 672K $57.6M
Centerbook Partners LP Hedge fund −131K −97.0% 4,034 $346,158
Morgan Stanley −107K −26.3% 299K $25.7M
Garnet Equity Capital Holdings, Inc. −94K −35.5% 170K $14.6M
Woodson Capital Management, LP −75K −21.4% 275K $23.6M
Buckley Capital Advisors, LLC −69K −73.4% 25K $2.1M

New positions

largest by value
InstitutionSharesValue June 30, 2026
Price T Rowe Associates IncActive manager 1.5M $132M
Rubric Capital Management LPHedge fund 688K $59.1M
Healthcare Of Ontario Pension Plan Trust Fund 145K $12.5M
Divisadero Street Capital Management, LP 107K $9.2M
First Trust Advisors LP 99K $8.5M
Walleye Capital LLCHedge fund 80K $6.9M
Bank Of New York Mellon Corp 68K $5.8M
Charles Schwab Investment Management IncIndex funds 66K $5.6M
Invesco Ltd. 56K $4.8M
Rhumbline AdvisersIndex funds 33K $2.8M

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Braidwell LPHedge fund 464K $26.3M
Millennium Management LLCHedge fund 368K $20.9M
Tudor Investment Corp Et AlHedge fund 171K $9.7M
Brevan Howard Capital Management LPHedge fund 44K $2.5M
SG Americas Securities, LLC 38K $2.2M
Sofinnova Investments, Inc. 34K $1.9M
Campbell & Co Investment Adviser LLC 29K $1.6M
Sigma Planning Corp 20K $1.2M
Hudson Bay Capital Management LPHedge fund 16K $920,120
Capital Fund Management S.A.Hedge fund 14K $777,942

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
197
Ten largest holders
47.9%
of 13F-reported shares
Index fund managers
10.6%
of 13F-reported shares
Active managers and hedge funds
41.1%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 23 23 9 10 −126K −1.1%
Index fund managers 9 0 4 0 +2.7M +804.8%
Other institutions 91 59 42 21 −789K −5.4%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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