Pictet Asset Management SA reported beneficial ownership of 5,445,175 shares of Elastic N.V. common stock, or 5.2% of the class, according to a Schedule 13D filed Oct. 6 with the US Securities and Exchange Commission.
\nThe filing gives Oct. 5 as the date of the event that required it, and its list of transactions shows purchases of Elastic shares on that date. Pictet's previous filing on Elastic, made Sept. 2, reported 4.9%. The filing says Pictet has sole power to vote 5,429,533 shares.
\nPictet bought the shares on behalf of institutional clients it manages on a discretionary basis, and the money came from those clients' assets, according to the filing. It says Pictet's role is limited to managing the investments and that it has no derivative positions in Elastic.
\nIn the section setting out the purpose of the transaction, the filing ties the holding to an investment strategy that weighs governance, financial strength and the clarity of an issuer's long-term strategy. \"The Reporting Person is therefore actively engaging with the Issuer to discuss and promote initiatives that align with these business practices,\" the filing says.
\nPictet may seek to influence Elastic's policies and practices through discussions with its board and management, according to the filing. The filing says Pictet doesn't currently have any plans or proposals that would result in a change in control of Elastic, while reserving the right to change its intentions.
", "text": "Pictet Asset Management SA reported beneficial ownership of 5,445,175 shares of Elastic N.V. common stock, or 5.2% of the class, according to a Schedule 13D filed Oct. 6 with the US Securities and Exchange Commission.\n\nThe filing gives Oct. 5 as the date of the event that required it, and its list of transactions shows purchases of Elastic shares on that date. Pictet's previous filing on Elastic, made Sept. 2, reported 4.9%. The filing says Pictet has sole power to vote 5,429,533 shares.\n\nPictet bought the shares on behalf of institutional clients it manages on a discretionary basis, and the money came from those clients' assets, according to the filing. It says Pictet's role is limited to managing the investments and that it has no derivative positions in Elastic.\n\nIn the section setting out the purpose of the transaction, the filing ties the holding to an investment strategy that weighs governance, financial strength and the clarity of an issuer's long-term strategy. \"The Reporting Person is therefore actively engaging with the Issuer to discuss and promote initiatives that align with these business practices,\" the filing says.\n\nPictet may seek to influence Elastic's policies and practices through discussions with its board and management, according to the filing. The filing says Pictet doesn't currently have any plans or proposals that would result in a change in control of Elastic, while reserving the right to change its intentions." }, "claims": [ { "evidence": "4.9", "kind": "lifts_stake", "receipt": "0001361570-26-000018" } ], "contact": "research@alphanume.com", "corrections": [], "dek": "The stake, up from 4.9% in a Sept. 2 filing, is held for institutional clients, and the filing says Pictet is actively engaging with the Issuer.", "desk": "activism", "desk_label": "Activism", "entities": [ { "basis": "identifier or the record itself", "identifiers": { "cik": "1361570" }, "in_headline": true, "name": "Pictet Asset Management SA", "role": "filer" } ], "facts": [ { "key": "activist", "receipt": "0001361570-26-000022", "source": { "path": "formData/reportingPersons/reportingPersonInfo[1]", "value": "PICTET ASSET MANAGEMENT SA" }, "text": "Pictet Asset Management SA" }, { "key": "issuer", "receipt": "0001361570-26-000022", "source": { "path": "formData/coverPageHeader/issuerInfo/issuerName", "value": "Elastic N.V." }, "text": "Elastic N.V." }, { "key": "activist_head", "receipt": "0001361570-26-000022", "source": { "path": "formData/reportingPersons/reportingPersonInfo[1]", "value": "PICTET ASSET MANAGEMENT SA" }, "text": "Pictet Asset Management SA" }, { "key": "issuer_head", "receipt": "0001361570-26-000022", "source": { "path": "formData/coverPageHeader/issuerInfo/issuerName", "value": "Elastic" }, "text": "Elastic" }, { "key": "pct", "receipt": "0001361570-26-000022", "source": { "path": "formData/reportingPersons/reportingPersonInfo[1]/percentOfClass", "value": "5.2" }, "text": "5.2%" }, { "key": "shares", "receipt": "0001361570-26-000022", "source": { "path": "formData/reportingPersons/reportingPersonInfo[1]/aggregateAmountOwned", "value": "5445175.00" }, "text": "5,445,175" }, { "key": "demand_phrase", "receipt": "0001361570-26-000022", "source": { "path": "formData/items1To7/item4 (verbatim)", "value": "actively engaging with the Issuer" }, "text": "actively engaging with the Issuer" }, { "key": "prior_pct", "receipt": "0001361570-26-000018", "source": { "path": "formData/reportingPersons/reportingPersonInfo[1]/percentOfClass", "value": "4.9" }, "text": "4.9%" }, { "key": "filed_date__short", "receipt": "0001361570-26-000022", "source": { "path": "edgar:daily-index/date-filed", "value": "2026-10-06" }, "text": "Oct. 6" }, { "key": "event_date__short", "receipt": "0001361570-26-000022", "source": { "path": "formData/coverPageHeader/dateOfEvent", "value": "10/05/2026" }, "text": "Oct. 5" }, { "key": "prior_date__short", "receipt": "0001361570-26-000018", "source": { "path": "edgar:daily-index/date-filed", "value": "2026-09-02" }, "text": "Sept. 2" } ], "guid": "tag:alphanume.com,2026:news:s_tomyyq7oxcfv", "headline": "Pictet Asset Management SA Discloses 5.2% Stake in Elastic", "id": "s_tomyyq7oxcfv", "kind": "story", "legal": { "allegation": false, "stage": null }, "published_at": "2026-10-06T14:26:25+00:00", "receipts": [ { "cik": "1707753", "filed": "2026-09-02", "form": "SCHEDULE 13D/A", "id": "0001361570-26-000018", "label": "Prior Schedule 13D accession 0001361570-26-000018", "source": "edgar", "type": "accession", "type_label": "EDGAR accession", "url": "https://www.sec.gov/Archives/edgar/data/1707753/000136157026000018/0001361570-26-000018-index.htm" }, { "cik": "1707753", "filed": "2026-10-06", "form": "SCHEDULE 13D", "id": "0001361570-26-000022", "label": "Schedule 13D accession 0001361570-26-000022", "source": "edgar", "type": "accession", "type_label": "EDGAR accession", "url": "https://www.sec.gov/Archives/edgar/data/1707753/000136157026000022/0001361570-26-000022-index.htm" } ], "record_date": "2026-10-06", "schema": "alphanume.news/item/v1", "slug": "pictet-asset-management-sa-discloses-5-2-stake-in-elastic", "status": "published", "type": "activist_13d_initial", "updated_at": "2026-10-06T14:26:25+00:00", "version": 1, "url": "https://news.alphanume.com/stories/pictet-asset-management-sa-discloses-5-2-stake-in-elastic", "api_url": "https://news.alphanume.com/api/v1/stories/s_tomyyq7oxcfv" }