Pier Capital Reduces Stake in e.l.f. Beauty

Investment firm cuts holdings in cosmetics company by over 50%

Mar. 13, 2026 at 10:39am

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Pier Capital LLC, an investment management firm, has reduced its stake in e.l.f. Beauty (NYSE: ELF) by 50.4% during the third quarter, according to a recent SEC filing. The firm now owns 58,054 shares of the cosmetics company's stock, down from 117,126 shares previously.

Why it matters

This move by Pier Capital suggests a shift in the investment firm's outlook on e.l.f. Beauty's prospects, potentially signaling broader market sentiment around the company's performance and growth trajectory.

The details

In its 13F filing, Pier Capital reported selling 59,072 shares of e.l.f. Beauty during the third quarter. The firm now holds a 0.10% stake in the company, valued at $7.69 million as of the end of the quarter. e.l.f. Beauty is the 28th largest holding in Pier Capital's investment portfolio.

  • Pier Capital filed its 13F report for the third quarter of 2026 on March 13, 2026.

The players

Pier Capital LLC

An investment management firm that has reduced its stake in e.l.f. Beauty by over 50%.

e.l.f. Beauty

An American cosmetics company known for offering a range of affordable, trend-driven makeup and skincare products.

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The takeaway

Pier Capital's decision to significantly reduce its position in e.l.f. Beauty could signal broader market concerns about the cosmetics company's performance and growth prospects, though the specific reasons behind the investment firm's move remain unclear.