Who owns Establishment Labs Holdings (ESTA)
Which tracked institutional funds hold ESTA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ESTA company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
96 tracked funds added or opened ESTA while 39 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
ESTA’s largest tracked holder by dollar value, JW Asset Management, LLC, sizes it at 72.2% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 72.2pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in ESTA divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 188 tracked filers holding ESTA, 121 increased or opened the position and 91 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in ESTA between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 23
- PRICE T ROWE ASSOCIATES INC /MD/$132M
- Rubric Capital Management LP$59M
- HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$12M
- Divisadero Street Capital Management, LP$9M
- FIRST TRUST ADVISORS LP$8M
- Walleye Capital LLC$7M
Full exits 20
- BRAIDWELL LP$26M
- MILLENNIUM MANAGEMENT LLC$21M
- TUDOR INVESTMENT CORP ET AL$10M
- HRT FINANCIAL LP$6M
- Brevan Howard Capital Management LP$2M
- SG Americas Securities, LLC$2M
Largest adds
- BlackRock, Inc.$129M
- RTW INVESTMENTS, LP$77M
- JW Asset Management, LLC$57M
- FRANKLIN RESOURCES INC$39M
- UBS Group AG$39M
- FINDELL CAPITAL MANAGEMENT LLC$37M
Largest trims
- BAMCO INC /NY/$30M
- GOLDMAN SACHS GROUP INC$22M
- CITADEL ADVISORS LLC$21M
- Nantahala Capital Management, LLC$18M
- Tyro Capital Management LLC$13M
- MARSHALL WACE, LLP$13M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| JW Asset Management, LLC trimmed | 2,692,856 | $231M | 9.8% | 2026-Q2 |
| RTW INVESTMENTS, LP | 2,655,695 | $228M | 9.7% | 2026-Q2 |
| BlackRock, Inc. added | 1,582,005 | $136M | 5.8% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ new | 1,533,497 | $132M | 5.6% | 2026-Q2 |
| BROWN ADVISORY INC trimmed | 1,313,148 | $113M | 4.8% | 2026-Q2 |
| FINDELL CAPITAL MANAGEMENT LLC added | 1,096,000 | $94M | 4.0% | 2026-Q2 |
| Mudita Advisors LLP trimmed | 723,063 | $62M | 2.6% | 2026-Q2 |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC added | 714,051 | $61M | 2.6% | 2026-Q2 |
| Rubric Capital Management LP new | 688,325 | $59M | 2.5% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 613,698 | $53M | 2.2% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 608,040 | $52M | 2.2% | 2026-Q2 |
| Tyro Capital Management LLC trimmed | 605,559 | $52M | 2.2% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 566,910 | $49M | 2.1% | 2026-Q2 |
| RICE HALL JAMES & ASSOCIATES, LLC added | 560,935 | $48M | 2.0% | 2026-Q2 |
| UBS Group AG added | 548,960 | $47M | 2.0% | 2026-Q2 |
| TORONTO DOMINION BANK | 540,024 | $46M | 2.0% | 2026-Q2 |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC added | 491,486 | $42M | 1.8% | 2026-Q2 |
| ROYCE & ASSOCIATES LP added | 472,316 | $41M | 1.7% | 2026-Q2 |
| STATE STREET CORP added | 455,315 | $39M | 1.7% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 448,425 | $38M | 1.6% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 386,142 | $33M | 1.4% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 361,302 | $31M | 1.3% | 2026-Q2 |
| GILDER GAGNON HOWE & CO LLC added | 342,033 | $29M | 1.2% | 2026-Q2 |
| Nantahala Capital Management, LLC trimmed | 335,830 | $29M | 1.2% | 2026-Q2 |
| Nuveen, LLC trimmed | 321,498 | $28M | 1.2% | 2026-Q2 |
| MORGAN STANLEY trimmed | 299,347 | $26M | 1.1% | 2026-Q2 |
| BAMCO INC /NY/ trimmed | 286,098 | $25M | 1.0% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 279,169 | $24M | 1.0% | 2026-Q2 |
| Woodson Capital Management, LP trimmed | 275,000 | $24M | 1.0% | 2026-Q2 |
| BOOTHBAY FUND MANAGEMENT, LLC added | 253,091 | $22M | 0.9% | 2026-Q2 |
| First Light Asset Management, LLC trimmed | 246,577 | $21M | 0.9% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 242,438 | $21M | 0.9% | 2026-Q2 |
| NORTHERN TRUST CORP added | 235,169 | $20M | 0.9% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 200,694 | $17M | 0.7% | 2026-Q2 |
| Capital Research Global Investors added | 189,029 | $16M | 0.7% | 2026-Q2 |
| ADAR1 Capital Management, LLC trimmed | 185,619 | $16M | 0.7% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 181,748 | $16M | 0.7% | 2026-Q2 |
| Voleon Capital Management LP added | 173,778 | $15M | 0.6% | 2026-Q2 |
| GARNET EQUITY CAPITAL HOLDINGS, INC. trimmed | 170,490 | $15M | 0.6% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 167,277 | $14M | 0.6% | 2026-Q2 |
| Affinity Asset Advisors, LLC added | 148,013 | $13M | 0.5% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND added | 145,300 | $12M | 0.5% | 2026-Q2 |
| Granite Investment Partners, LLC trimmed | 143,485 | $12M | 0.5% | 2026-Q2 |
| Assenagon Asset Management S.A. added | 135,897 | $12M | 0.5% | 2026-Q2 |
| Pier Capital, LLC added | 133,810 | $11M | 0.5% | 2026-Q2 |
| BARCLAYS PLC added | 131,867 | $11M | 0.5% | 2026-Q2 |
| Tejara Capital Ltd trimmed | 130,979 | $11M | 0.5% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 128,138 | $11M | 0.5% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 125,967 | $11M | 0.5% | 2026-Q2 |
| Hood River Capital Management LLC added | 117,321 | $10M | 0.4% | 2026-Q2 |
| KORNITZER CAPITAL MANAGEMENT INC /KS trimmed | 115,530 | $10M | 0.4% | 2026-Q2 |
| Divisadero Street Capital Management, LP trimmed | 106,675 | $9M | 0.4% | 2026-Q2 |
| Union Square Park Capital Management, LLC added | 105,000 | $9M | 0.4% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 100,838 | $9M | 0.4% | 2026-Q2 |
| FIRST TRUST ADVISORS LP new | 99,004 | $8M | 0.4% | 2026-Q2 |
| Trexquant Investment LP trimmed | 97,791 | $8M | 0.4% | 2026-Q2 |
| Redmile Group, LLC trimmed | 88,964 | $8M | 0.3% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 82,300 | $7M | 0.3% | 2026-Q2 |
| Walleye Capital LLC added | 80,123 | $7M | 0.3% | 2026-Q2 |
| Bank of New York Mellon Corp new | 68,145 | $6M | 0.2% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC new | 65,816 | $6M | 0.2% | 2026-Q2 |
| Simplify Asset Management Inc. added | 60,540 | $5M | 0.2% | 2026-Q2 |
| Strategic Wealth Partners, Ltd. trimmed | 56,533 | $5M | 0.2% | 2026-Q2 |
| Invesco Ltd. new | 56,212 | $5M | 0.2% | 2026-Q2 |
| SEI INVESTMENTS CO added | 51,879 | $4M | 0.2% | 2026-Q2 |
| PURA VIDA INVESTMENTS, LLC | 45,000 | $4M | 0.2% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 42,745 | $4M | 0.2% | 2026-Q2 |
| Squarepoint Ops LLC trimmed | 40,784 | $3M | 0.1% | 2026-Q2 |
| SummitTX Capital, L.P. trimmed | 40,400 | $3M | 0.1% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 39,321 | $3M | 0.1% | 2026-Q2 |
| NorthRock Partners, LLC trimmed | 36,931 | $3M | 0.1% | 2026-Q2 |
| Swiss National Bank added | 36,800 | $3M | 0.1% | 2026-Q2 |
| Jump Financial, LLC trimmed | 36,150 | $3M | 0.1% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND added | 34,888 | $3M | 0.1% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 33,118 | $3M | 0.1% | 2026-Q2 |
| Engineers Gate Manager LP added | 31,458 | $3M | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. new | 29,955 | $2M | 0.1% | 2026-Q2 |
| Guided Capital Wealth Management, LLC trimmed | 28,361 | $2M | 0.1% | 2026-Q2 |
| Dauntless Investment Group, LLC added | 25,728 | $2M | 0.1% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO new | 25,642 | $2M | 0.1% | 2026-Q2 |
| ExodusPoint Capital Management, LP trimmed | 25,461 | $2M | 0.1% | 2026-Q2 |
| Buckley Capital Advisors, LLC trimmed | 25,000 | $2M | 0.1% | 2026-Q2 |
| LPL Financial LLC added | 24,638 | $2M | 0.1% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 24,253 | $2M | 0.1% | 2026-Q2 |
| Qube Research & Technologies Ltd trimmed | 23,100 | $2M | 0.1% | 2026-Q2 |
| POLEN CAPITAL MANAGEMENT LLC trimmed | 22,541 | $2M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 22,493 | $2M | 0.1% | 2026-Q2 |
| Kerrisdale Advisers, LLC new | 20,390 | $2M | 0.1% | 2026-Q2 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. trimmed | 18,079 | $2M | 0.1% | 2026-Q2 |
| Legal & General Group Plc added | 16,839 | $1M | 0.1% | 2026-Q2 |
| XTX Topco Ltd trimmed | 16,002 | $1M | 0.1% | 2026-Q2 |
| MetLife Investment Management, LLC new | 15,868 | $1M | 0.1% | 2026-Q2 |
| STABLEFORD CAPITAL II LLC trimmed | 15,395 | $1M | 0.1% | 2026-Q2 |
| NewEdge Advisors, LLC added | 13,871 | $1M | 0.1% | 2026-Q2 |
| AlTi Global, Inc. trimmed | 13,829 | $1M | 0.1% | 2026-Q2 |
| Headlands Technologies LLC new | 13,681 | $1M | 0.0% | 2026-Q2 |
| CITIGROUP INC added | 13,432 | $1M | 0.0% | 2026-Q2 |
| Exome Asset Management LLC | 13,100 | $1M | 0.0% | 2026-Q2 |
| HCR Wealth Advisors | 12,639 | $1M | 0.0% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 12,429 | $1M | 0.0% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.