New Positions
52 managers initiated
Top five by reported value
Establishment Labs Holdings Inc NASDAQ NMS - GLOBAL MARKET:ESTA
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
52 new41 added82 reduced22 exited
Total Institutional Holders
175
as of 2025-12-31
Top Holder
Tyro Capital Management LLC
$302.8M
Largest QoQ Increase
Tyro Capital Management LLC
+3,077,456 sh
Largest QoQ Decrease
Nantahala Capital Management, LLC
-985,803 sh
New Positions(52)
Added To(41)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Tyro Capital Management LLC | 4,154,912 | +3,077,456 | $302.8M | +$258.6M | 285.6% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 1,111,800 | +951,500 | $81.0M | +$74.5M | 593.6% |
| GOLDMAN SACHS GROUP INC | 811,536 | +438,206 | $59.1M | +$43.8M | 117.4% |
| JANE STREET GROUP, LLC | 607,575 | +567,031 | $44.3M | +$42.6M | 1398.5% |
| CITADEL ADVISORS LLC | 430,587 | +376,487 | $31.4M | +$29.2M | 695.9% |
| D. E. Shaw & Co., Inc. | 488,040 | +316,896 | $35.6M | +$28.6M | 185.2% |
| Mudita Advisors LLP | 699,703 | +12,939 | $51.0M | +$22.8M | 1.9% |
| TWO SIGMA INVESTMENTS, LP | 292,275 | +250,822 | $21.3M | +$19.6M | 605.1% |
| ROYCE & ASSOCIATES LP | 358,541 | +69,766 | $26.1M | +$14.3M | 24.1% |
| Nuveen, LLC | 352,074 | +38,487 | $25.7M | +$12.8M | 12.3% |
| BNP PARIBAS ARBITRAGE, SNC | 196,120 | +146,697 | $14.3M | +$12.3M | 296.8% |
| BANK OF AMERICA CORP /DE/ | 266,043 | +76,004 | $19.4M | +$11.6M | 40.0% |
| DEUTSCHE BANK AG\ | 194,380 | +92,875 | $14.2M | +$10.0M | 91.5% |
| MARSHALL WACE, LLP | 198,374 | +62,362 | $14.5M | +$8.9M | 45.9% |
| ADAR1 Capital Management, LLC | 171,422 | +80,734 | $12.5M | +$8.8M | 89.0% |
| Voleon Capital Management LP | 121,432 | +90,043 | $8.8M | +$7.6M | 286.9% |
| JPMORGAN CHASE & CO | 147,439 | +28,855 | $10.7M | +$5.9M | 24.3% |
| MILLENNIUM MANAGEMENT LLC | 81,008 | +75,270 | $5.9M | +$5.7M | 1311.8% |
| Assenagon Asset Management S.A. | 115,876 | +43,164 | $8.4M | +$5.5M | 59.4% |
| BlackRock, Inc. | 121,536 | +27,138 | $8.9M | +$5.0M | 28.7% |
| Tejara Capital Ltd | 125,294 | +22,800 | $9.1M | +$4.9M | 22.2% |
| Simplify Asset Management Inc. | 72,894 | +34,946 | $5.3M | +$3.8M | 92.1% |
| VANGUARD GROUP INC | 68,061 | +245 | $5.0M | +$2.2M | 0.4% |
| Hood River Capital Management LLC | 58,309 | +5,185 | $4.2M | +$2.1M | 9.8% |
| SEI INVESTMENTS CO | 51,306 | +1,536 | $3.7M | +$1.7M | 3.1% |
| Sofinnova Investments, Inc. | 28,366 | +17,579 | $2.1M | +$1.6M | 163.0% |
| Swiss National Bank | 34,200 | +600 | $2.5M | +$1.1M | 1.8% |
| AMERIPRISE FINANCIAL INC | 25,750 | +5,489 | $1.9M | +$1.0M | 27.1% |
| GEODE CAPITAL MANAGEMENT, LLC | 28,070 | +2,157 | $2.0M | +$982.6K | 8.3% |
| CITIGROUP INC | 13,919 | +12,637 | $1.0M | +$961.9K | 985.7% |
| Legal & General Group Plc | 15,876 | +1,412 | $1.2M | +$564.2K | 9.8% |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 15,541 | +1,431 | $1.1M | +$554.3K | 10.1% |
| WELLS FARGO & COMPANY/MN | 8,443 | +2,896 | $615.4K | +$388.0K | 52.2% |
| BARCLAYS PLC | 4,159 | +4,144 | $177.6K | +$177.0K | 27626.7% |
| CIBC Private Wealth Group, LLC | 2,976 | +17 | $216.9K | +$95.6K | 0.6% |
| Tower Research Capital LLC (TRC) | 1,305 | +1,273 | $95.1K | +$93.8K | 3978.1% |
| JONES FINANCIAL COMPANIES LLLP | 684 | +160 | $49.9K | +$29.4K | 30.5% |
| US BANCORP \DE\ | 357 | +9 | $26.0K | +$11.8K | 2.6% |
| SG Americas Securities, LLC | 16,186 | +6,076 | $1.2K | +$766 | 60.1% |
| Handelsbanken Fonder AB | 8,800 | +600 | $641 | +$305 | 7.3% |
| BESSEMER GROUP INC | 439 | +9 | $32 | +$14 | 2.1% |
Reduced(82)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| JW Asset Management, LLC | 3,061,694 | -21,091 | $223.1M | +$96.8M | -0.7% |
| RTW INVESTMENTS, LP | 2,588,831 | 0 | $188.7M | +$82.6M | 0.0% |
| BROWN ADVISORY INC | 1,994,298 | -172,684 | $145.3M | +$56.5M | -8.0% |
| FINDELL CAPITAL MANAGEMENT LLC | 1,130,460 | -164,960 | $82.4M | +$29.3M | -12.7% |
| Capital Research Global Investors | 807,826 | -6,665 | $58.9M | +$25.5M | -0.8% |
| BAMCO INC /NY/ | 961,226 | -220,598 | $70.1M | +$21.6M | -18.7% |
| TORONTO DOMINION BANK | 540,024 | 0 | $39.4M | +$17.2M | 0.0% |
| RICE HALL JAMES & ASSOCIATES, LLC | 651,559 | -108,638 | $47.5M | +$16.3M | -14.3% |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | 391,850 | -38,310 | $28.6M | +$10.9M | -8.9% |
| First Light Asset Management, LLC | 373,082 | -45,276 | $27.2M | +$10.0M | -10.8% |
| Nantahala Capital Management, LLC | 987,689 | -985,803 | $72.0M | -$8.9M | -50.0% |
| Woodson Capital Management, LP | 375,000 | -105,000 | $27.3M | +$7.7M | -21.9% |
| MORGAN STANLEY | 378,448 | -460,016 | $27.6M | -$6.8M | -54.9% |
| RAYMOND JAMES FINANCIAL INC | 209,589 | -6,534 | $15.3M | +$6.4M | -3.0% |
| GARNET EQUITY CAPITAL HOLDINGS, INC. | 199,138 | -26,005 | $14.5M | +$5.3M | -11.6% |
| CenterBook Partners LP | 55,616 | -167,229 | $4.1M | -$5.1M | -75.0% |
| DISCOVERY CAPITAL MANAGEMENT, LLC / CT | 155,275 | 0 | $11.3M | +$5.0M | 0.0% |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 639,790 | -377,753 | $46.6M | +$4.9M | -37.1% |
| Granite Investment Partners, LLC | 151,495 | -9,522 | $11.0M | +$4.4M | -5.9% |
| STATE OF WISCONSIN INVESTMENT BOARD | 151,523 | -14,891 | $11.0M | +$4.2M | -8.9% |
| BOOTHBAY FUND MANAGEMENT, LLC | 299,291 | -133,415 | $21.8M | +$4.1M | -30.8% |
| Royal Bank of Canada | 1,562 | -87,977 | $114.0K | -$3.7M | -98.3% |
| Redmile Group, LLC | 112,664 | -16,700 | $8.2M | +$2.9M | -12.9% |
| Pier Capital, LLC | 143,842 | -43,837 | $10.5M | +$2.8M | -23.4% |
| NORTHERN TRUST CORP | 89,398 | -12,816 | $6.5M | +$2.3M | -12.5% |
| Affinity Asset Advisors, LLC | 200,000 | -110,000 | $14.6M | +$1.9M | -35.5% |
| STATE STREET CORP | 48,604 | -758 | $3.5M | +$1.5M | -1.5% |
| PURA VIDA INVESTMENTS, LLC | 45,000 | 0 | $3.3M | +$1.4M | 0.0% |
| UBS ASSET MANAGEMENT AMERICAS INC | 48,326 | -2,777 | $3.5M | +$1.4M | -5.4% |
| KORNITZER CAPITAL MANAGEMENT INC /KS | 118,920 | -58,560 | $8.7M | +$1.4M | -33.0% |
| Guided Capital Wealth Management, LLC | 45,490 | -6,160 | $3.3M | +$1.2M | -11.9% |
| 4D Advisors, LLC | 55,000 | -20,000 | $4.0M | +$934.1K | -26.7% |
| NEW YORK STATE COMMON RETIREMENT FUND | 25,288 | 0 | $1.8M | +$806.4K | 0.0% |
| PRINCIPAL FINANCIAL GROUP INC | 67,126 | -35,561 | $4.9M | +$683.0K | -34.6% |
| STABLEFORD CAPITAL II LLC | 23,024 | -1,575 | $1.7M | +$669.7K | -6.4% |
| BigSur Wealth Management LLC | 19,982 | 0 | $1.5M | +$637.2K | 0.0% |
| Union Square Park Capital Management, LLC | 90,000 | -85,000 | $6.6M | -$614.0K | -48.6% |
| NorthRock Partners, LLC | 40,930 | -44,933 | $3.0M | -$610.3K | -52.3% |
| Portolan Capital Management, LLC | 94,648 | -60,448 | $6.9M | +$540.6K | -39.0% |
| UBS Group AG | 41,389 | -44,656 | $3.0M | -$510.6K | -51.9% |
| LPL Financial LLC | 19,384 | -4,533 | $1.4M | +$432.3K | -18.9% |
| Exome Asset Management LLC | 13,100 | 0 | $954.7K | +$417.8K | 0.0% |
| Pathstone Holdings, LLC | 10,146 | 0 | $739.4K | +$323.6K | 0.0% |
| JANUS HENDERSON GROUP PLC | 8,376 | 0 | $610.7K | +$267.3K | 0.0% |
| NewEdge Advisors, LLC | 8,957 | -511 | $652.8K | +$264.6K | -5.4% |
| Marex Group plc | 7,600 | 0 | $553.9K | +$242.4K | 0.0% |
| PRELUDE CAPITAL MANAGEMENT, LLC | 3,220 | -7,636 | $234.7K | -$210.3K | -70.3% |
| AQR CAPITAL MANAGEMENT LLC | 14,615 | -6,521 | $1.1M | +$198.8K | -30.9% |
| Diametric Capital, LP | 19,973 | -11,066 | $1.5M | +$183.3K | -35.6% |
| Private Advisor Group, LLC | 5,250 | -200 | $382.6K | +$159.2K | -3.7% |
| Arizona State Retirement System | 4,982 | -131 | $363.1K | +$153.5K | -2.6% |
| Ensign Peak Advisors, Inc | 1,374 | -4,050 | $100.1K | -$122.2K | -74.7% |
| KLP KAPITALFORVALTNING AS | 3,500 | 0 | $255.1K | +$111.6K | 0.0% |
| Twin Lakes Capital Management, LLC | 2,931 | 0 | $213.6K | +$93.5K | 0.0% |
| HighTower Advisors, LLC | 5,167 | -1,829 | $376.6K | +$89.8K | -26.1% |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 2,746 | 0 | $200.1K | +$87.6K | 0.0% |
| BRIAN LOW FINANCIAL GROUP, LLC | 4,174 | -1,264 | $304.2K | +$81.3K | -23.2% |
| Patriot Financial Group Insurance Agency, LLC | 4,525 | -1,850 | $329.8K | +$68.5K | -29.0% |
| ADVISOR GROUP HOLDINGS, INC. | 209 | -1,791 | $15.2K | -$67.3K | -89.5% |
| State of Wyoming | 1,675 | -51 | $122.1K | +$51.3K | -3.0% |
| Aquatic Capital Management LLC | 6,717 | -4,402 | $489.5K | +$33.8K | -39.6% |
| ANTIPODES PARTNERS Ltd | 969 | -338 | $70.6K | +$17.0K | -25.9% |
| ARS Investment Partners, LLC | 5,250 | -4,500 | $382.6K | -$17.0K | -46.1% |
| GPS Wealth Strategies Group, LLC | 370 | 0 | $27.0K | +$11.8K | 0.0% |
| Steward Partners Investment Advisory, LLC | 1,000 | -1,000 | $72.9K | -$9.1K | -50.0% |
| Private Wealth Asset Management, LLC | 125 | 0 | $9.1K | +$4.0K | 0.0% |
| SIGNATUREFD, LLC | 71 | 0 | $5.2K | +$2.3K | 0.0% |
| Clearstead Advisors, LLC | 70 | 0 | $5.1K | +$2.2K | 0.0% |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | 3 | -69 | $1.2K | -$1.8K | -95.8% |
| Farther Finance Advisors, LLC | 52 | -4 | $3.8K | +$1.5K | -7.1% |
| EverSource Wealth Advisors, LLC | 46 | 0 | $3.4K | +$1.5K | 0.0% |
| Russell Investments Group, Ltd. | 37 | -3 | $2.7K | +$1.1K | -7.5% |
| Parallel Advisors, LLC | 85 | -85 | $6.2K | -$773 | -50.0% |
| TRUST CO OF TOLEDO NA /OH/ | 85 | -85 | $6.2K | -$773 | -50.0% |
| SIT INVESTMENT ASSOCIATES INC | 21,600 | 0 | $1.6K | +$689 | 0.0% |
| FMR LLC | 21 | 0 | $1.5K | +$669 | 0.0% |
| SBI Securities Co., Ltd. | 3 | -18 | $219 | -$642 | -85.7% |
| Sunbelt Securities, Inc. | 15 | 0 | $1.1K | +$478 | 0.0% |
| GSA CAPITAL PARTNERS LLP | 15,917 | -23,822 | $1.2K | -$469 | -59.9% |
| Global Retirement Partners, LLC | 5 | 0 | $364 | +$159 | 0.0% |
| GAMMA Investing LLC | 4 | 0 | $292 | +$128 | 0.0% |
| CWM, LLC | 2,014 | -23 | $147 | +$64 | -1.1% |
Sold Out(22)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| VIKING GLOBAL INVESTORS LP | 0 | -343,465 | $0 | -$14.1M | — |
| Divisadero Street Capital Management, LP | 0 | -147,858 | $0 | -$6.1M | — |
| Soleus Capital Management, L.P. | 0 | -139,512 | $0 | -$5.7M | — |
| Vestal Point Capital, LP | 0 | -100,000 | $0 | -$4.1M | — |
| GMT CAPITAL CORP | 0 | -98,766 | $0 | -$4.0M | — |
| Strategic Wealth Partners, Ltd. | 0 | -71,807 | $0 | -$2.9M | — |
| FEDERATED HERMES, INC. | 0 | -40,649 | $0 | -$1.7M | — |
| KENNEDY CAPITAL MANAGEMENT LLC | 0 | -39,467 | $0 | -$1.6M | — |
| Centiva Capital, LP | 0 | -11,509 | $0 | -$471.8K | — |
| MILESTONE ASSET MANAGEMENT, LLC | 0 | -10,681 | $0 | -$437.8K | — |
| Stonepine Capital Management, LLC | 0 | -10,585 | $0 | -$433.9K | — |
| Rangeley Capital, LLC | 0 | -6,499 | $0 | -$266.4K | — |
| PharVision Advisers, LLC | 0 | -4,948 | $0 | -$202.8K | — |
| Quarry LP | 0 | -826 | $0 | -$33.9K | — |
| GROUP ONE TRADING, L.P. | 0 | -719 | $0 | -$29.5K | — |
| SRS Capital Advisors, Inc. | 0 | -180 | $0 | -$7.4K | — |
| TOTH FINANCIAL ADVISORY CORP | 0 | -135 | $0 | -$5.5K | — |
| BRYN MAWR TRUST Co | 0 | -33 | $0 | -$1.4K | — |
| Larson Financial Group LLC | 0 | -18 | $0 | -$738 | — |
| CI INVESTMENTS INC. | 0 | -12,000 | $0 | -$492 | — |
| SHELL ASSET MANAGEMENT CO | 0 | -277 | $0 | -$11 | — |
| SIMPLEX TRADING, LLC | 0 | -123 | $0 | -$5 | — |
Top Holders by reported value
Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.
| Manager | Shares | $ Value | Δ Shares | QoQ % |
|---|---|---|---|---|
| Tyro Capital Management LLC | 4,154,912 | $302.8M | +3,077,456 | 285.6% |
| JW Asset Management, LLC | 3,061,694 | $223.1M | -21,091 | -0.7% |
| RTW INVESTMENTS, LP | 2,588,831 | $188.7M | 0 | 0.0% |
| BROWN ADVISORY INC | 1,994,298 | $145.3M | -172,684 | -8.0% |
| FINDELL CAPITAL MANAGEMENT LLC | 1,130,460 | $82.4M | -164,960 | -12.7% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 1,111,800 | $81.0M | +951,500 | 593.6% |
| Nantahala Capital Management, LLC | 987,689 | $72.0M | -985,803 | -50.0% |
| BAMCO INC /NY/ | 961,226 | $70.1M | -220,598 | -18.7% |
| GOLDMAN SACHS GROUP INC | 811,536 | $59.1M | +438,206 | 117.4% |
| Capital Research Global Investors | 807,826 | $58.9M | -6,665 | -0.8% |
| Mudita Advisors LLP | 699,703 | $51.0M | +12,939 | 1.9% |
| RICE HALL JAMES & ASSOCIATES, LLC | 651,559 | $47.5M | -108,638 | -14.3% |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 639,790 | $46.6M | -377,753 | -37.1% |
| JANE STREET GROUP, LLC | 607,575 | $44.3M | +567,031 | 1398.5% |
| Caption Management, LLC | 603,000 | $43.9M | +603,000 | — |
| TORONTO DOMINION BANK | 540,024 | $39.4M | 0 | 0.0% |
| D. E. Shaw & Co., Inc. | 488,040 | $35.6M | +316,896 | 185.2% |
| CITADEL ADVISORS LLC | 430,587 | $31.4M | +376,487 | 695.9% |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | 391,850 | $28.6M | -38,310 | -8.9% |
| MORGAN STANLEY | 378,448 | $27.6M | -460,016 | -54.9% |
New & Closed Positions this quarter
Closed Positions
22 managers exited
Top five by prior-quarter value
Methodology
Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.
Quarter-over-quarter deltas compare each manager's most recently reported share count for ESTA against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.
Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.