Candlestick Capital Buys 241,262 Shares in e.l.f. Beauty

The investment firm now owns 0.40% of the cosmetics company's stock.

Mar. 15, 2026 at 10:37am

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Candlestick Capital Management LP purchased a new stake of 241,262 shares in e.l.f. Beauty (NYSE:ELF) during the third quarter, according to a recent SEC filing. The shares are valued at approximately $31.96 million, making Candlestick Capital one of the larger institutional investors in the cosmetics company.

Why it matters

This investment highlights the growing institutional interest in e.l.f. Beauty, which has seen its stock price fluctuate significantly over the past year. As a major player in the affordable cosmetics market, e.l.f.'s performance is closely watched by investors looking to capitalize on trends in the beauty industry.

The details

Candlestick Capital Management, a hedge fund based in New York, acquired the 241,262 shares of e.l.f. Beauty in the third quarter of 2026. This represents approximately 0.40% of the company's outstanding stock. Other major institutional investors in e.l.f. Beauty include Vanguard Group, Mackenzie Financial Corp, and Capital International Investors.

  • Candlestick Capital Management purchased the shares in the third quarter of 2026.

The players

Candlestick Capital Management LP

A New York-based hedge fund that has acquired a 0.40% stake 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

This investment by Candlestick Capital Management underscores the growing institutional interest in e.l.f. Beauty as a player in the competitive and evolving cosmetics market. The company's focus on accessible, on-trend products has helped drive its recent growth and appeal to both retail and institutional investors.