Fieldview Capital Trims Stake in e.l.f. Beauty

Hedge fund reduces holding in cosmetics company by over 75%

Published on Mar. 10, 2026

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Fieldview Capital Management LLC, a hedge fund, reduced its stake in e.l.f. Beauty (NYSE: ELF) by 75.5% during the third quarter, according to a recent SEC filing. The firm now owns 7,598 shares of the cosmetics company's stock, down from a previous holding of 31,013 shares.

Why it matters

This filing provides insight into the investment strategy and portfolio changes of Fieldview Capital, a notable institutional investor in the beauty and personal care industry. The significant reduction in e.l.f. Beauty holdings could signal a shift in Fieldview's outlook on the company or the broader sector.

The details

According to the 13F filing, Fieldview Capital sold 23,415 shares of e.l.f. Beauty during the third quarter, leaving the firm with a remaining position of 7,598 shares valued at $1,007,000. The filing does not provide specific reasons for the hedge fund's decision to trim its stake in the cosmetics company.

  • Fieldview Capital reduced its e.l.f. Beauty holdings during the third quarter of 2026.

The players

Fieldview Capital Management LLC

A hedge fund that previously held a sizable position in e.l.f. Beauty.

e.l.f. Beauty

An American cosmetics company known for its affordable, trend-driven makeup and skincare products.

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The takeaway

The reduction in Fieldview Capital's e.l.f. Beauty stake suggests the hedge fund may have a more cautious outlook on the cosmetics company or the broader industry. Investors will likely monitor any further portfolio changes by Fieldview and other major institutional holders to gauge sentiment around e.l.f. Beauty's prospects.