STOCK TITAN
  1. Home
  2. Sec-filings
  3. ESTC
  4. [SCHEDULE 13D/A] Elastic N.V. Amended Major Shareholder Report

Elastic N.V. investor holds 4.99% stake worth $394M

Pictet says its 4.99% Elastic stake totals 5,249,555 shares, bought for about $393.6m using client assets with no financing or borrowing.

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Pictet Asset Management has filed an amended Schedule 13D regarding its position in Elastic N.V. (ESTC), reporting beneficial ownership of 5,249,555 common shares, equal to 4.99% of the outstanding common stock, held on a discretionary basis for its institutional clients.

Pictet reports sole voting power over 5,233,034 shares and sole dispositive power over 5,249,555 shares. The shares were acquired for an aggregate purchase cost of approximately $393.6 million, using client assets without financing or borrowing. Pictet describes the holding as part of its investment strategy, including engagement with Elastic’s board and management on governance, strategy, financial performance and financially material sustainability risks, but states it has no current plans to seek control of Elastic, while reserving the right to change its intentions. Pictet holds only direct stock positions and reports no derivatives or option positions in ESTC.

Positive

  • None.

Negative

  • None.

Filing Explained

The amendment adds recent client-account trades and reports an internally inconsistent ownership percentage: 4.9% on the cover versus 4.99% in Item 5.

The September 1, 2026 Amendment No. 3 updates Pictet’s ownership record with recent purchases and sales of Elastic common stock; the disclosed consequence is a change in reported holder exposure, not a new issuer obligation.

The cover reports 4.9%, conflicting with Item 5’s 4.99% figure for the same reported position.

Schedules 13D and 13G disclose ownership above 5%, with amendments tracking changes in stake or stated intentions; this filing reports transactions through September 1, 2026.

A later Schedule 13D/A would resolve the percentage discrepancy or show whether Pictet’s reported stake or intentions change.

Shares beneficially owned 5,249,555 shares Common stock of Elastic N.V. managed by Pictet Asset Management
Ownership percentage 4.99% Percent of Elastic N.V. common stock class represented by 5,249,555 shares
Sole voting power 5,233,034 shares Shares of Elastic N.V. over which Pictet Asset Management has sole voting power
Sole dispositive power 5,249,555 shares Shares of Elastic N.V. over which Pictet Asset Management has sole dispositive power
Aggregate purchase cost $393,582,297.88 Approximate cost of Elastic N.V. common stock acquired on behalf of institutional clients
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 5,249,555.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Power financial
"Sole Voting Power 5,233,034.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Sole Dispositive Power financial
"Sole Dispositive Power 5,249,555.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Investment Adviser financial
"Pictet Asset Management SA ... (c) | Investment Adviser"
An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.
discretionary basis financial
"acquired the shares ... on behalf of its institutional clients who are managed on a discretionary basis"
financially-material sustainability risks financial
"considering ... financially-material sustainability risks & opportunities"

FAQ

How large is Pictet Asset Management’s stake in Elastic N.V. (ESTC)?
Pictet Asset Management reports beneficial ownership of 5,249,555 shares of Elastic N.V. common stock, representing 4.99% of the company’s outstanding common shares. These shares are managed on a discretionary basis for institutional clients rather than owned economically by Pictet itself.

What is the value of Pictet Asset Management’s ESTC position according to the filing?
The filing states that the purchase cost of Elastic N.V. shares managed by Pictet Asset Management is approximately $393,582,297.88. The funds used came from institutional clients’ assets, and the acquisition did not involve any financing or borrowing.

Does Pictet Asset Management seek control of Elastic N.V. (ESTC)?
Pictet Asset Management states it does not currently have plans or proposals to change control of Elastic N.V. and does not intend to acquire additional shares for the purpose of gaining control, while reserving the right to change its intentions in the future.

What voting and dispositive powers over ESTC shares does Pictet Asset Management report?
Pictet Asset Management reports sole voting power over 5,233,034 shares of Elastic N.V. and sole dispositive power over 5,249,555 shares. It reports no shared voting or shared dispositive power over the ESTC shares it manages.

Who has the economic interest in the ESTC shares managed by Pictet Asset Management?
The filing explains that institutional clients whose assets Pictet manages have the right to receive dividends and sale proceeds from Elastic N.V. shares, in proportion to their assets. Pictet’s economic interest is limited to agreed management and performance-based fees.

Does Pictet Asset Management hold any derivatives or options on Elastic N.V. (ESTC)?
No. Pictet Asset Management states that its exposure to Elastic N.V. is solely through direct stock investments held for its institutional clients and that it does not have any derivative positions, options, or other financial instruments related to ESTC securities.

What is Pictet Asset Management’s stated purpose for its investment in ESTC?
Pictet Asset Management describes the ESTC stake as part of its broader investment and engagement strategy, considering long-term strategy, governance, financial strength, valuation, and financially material sustainability risks, and engaging with Elastic’s board and management to promote initiatives aligned with these practices.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google



N14506104
(CUSIP Number)
Mathieu CORNU
Route des Acacias 60,
Geneva, V8, 1211
0041583234506
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
09/01/2026
(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


schemaVersion:


SCHEDULE 13D






SCHEDULE 13D


PICTET ASSET MANAGEMENT SA
Signature:Karine VALTANEN
Name/Title:Karine VALTANEN Global Head of Compliance
Date:09/02/2026

Source: View Original Filing on SEC EDGAR