Vault-13

ELECTROVAYA INC ELVA

COM NEW · Common Stock · CUSIP 28617B606

48 institutional holders +22 vs Q2 2025
5,659,1725.7m shares reported held*
$33.4mreported value*
23 new 7 added 9 reduced 1 sold out net sold ≈ $8.1m (-1.4m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($380.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $5.91.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 23: 14Q4 23: 16Q1 24: 16Q2 24: 17Q3 24: 17Q4 24: 24Q1 25: 24Q2 25: 26Q3 25: 4848Q3 23Q1 24Q3 24Q1 25Q3 25
Numbers
QuarterHolders
Q3 202314
Q4 202316
Q1 202416
Q2 202417
Q3 202417
Q4 202424
Q1 202524
Q2 202526
Q3 202548

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 23: 7 bought or addedQ4 23: 4 cut or sold outQ1 24: 8 bought or addedQ1 24: 8 cut or sold outQ1 24Q2 24: 6 bought or addedQ2 24: 5 cut or sold outQ3 24: 4 bought or addedQ3 24: 7 cut or sold outQ3 24Q4 24: 11 bought or addedQ4 24: 4 cut or sold outQ1 25: 7 bought or addedQ1 25: 9 cut or sold outQ1 25Q2 25: 13 bought or addedQ2 25: 5 cut or sold outQ3 25: 30 bought or addedQ3 25: 10 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 202374
Q1 202488
Q2 202465
Q3 202447
Q4 2024114
Q1 202579
Q2 2025135
Q3 20253010

Biggest buyers

Caldwell Investment Management Ltd. New +398,000+398.0k
BANK OF AMERICA CORP /DE/ Added +304,324+304.3k
Hillsdale Investment Management Inc. New +284,700+284.7k
Walleye Capital LLC New +220,421+220.4k
MARSHALL WACE, LLP New +193,544+193.5k
Russell Investments Group, Ltd. New +150,648+150.6k
FIRST TRUST ADVISORS LP New +79,467+79.5k
LAZARD ASSET MANAGEMENT LLC New +78,257+78.3k
CIBC WORLD MARKET INC. New +76,230+76.2k
Calamos Advisors LLC New +71,172+71.2k

Biggest sellers

AIGH Capital Management LLC Reduced -1,963,736-2.0m
Polar Asset Management Partners Inc. Reduced -1,198,829-1.2m
Penbrook Management LLC Reduced -182,415-182.4k
Manatuck Hill Partners, LLC Sold out -175,000-175.0k
Mink Brook Asset Management LLC Reduced -48,634-48.6k
WealthTrust Axiom LLC Reduced -4,700-4.7k
Pacifica Partners Inc. Reduced -400-400
Byrne Asset Management LLC Reduced -200-200
NATIONAL BANK OF CANADA /FI/ Reduced -81-81
ROYAL BANK OF CANADA Reduced -80-80

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
FMR LLC 13G · institution +4.6 pts · filed 2026-02-06 10.2% +4.6 pts 4.9m≈ $40.2m 2026-02-06

Insider purchases and sales in Q3 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HERALD INVESTMENT MANAGEMENT Ltd 0.99% of their portfolio LONDON, X0 1,265,0001.3m $7.5m $7.5m 0.99% Unchanged
2 Polar Asset Management Partners Inc. 0.06% of their portfolio TORONTO, A6 478,480478.5k $2.8m $2.8m 0.06% Reduced -1.2m -1,198,829
3 WealthTrust Axiom LLC 0.65% of their portfolio WAYNE, PA 410,904410.9k $2.4m $2.4m 0.65% Reduced -4.7k -4,700
4 Caldwell Investment Management Ltd. 1.59% of their portfolio TORONTO, A6 398,000398.0k $2.4m $2.4m 1.59% New
5 Mink Brook Asset Management LLC 1.37% of their portfolio West Palm Beach, FL 346,467346.5k $2.0m $2.0m 1.37% Reduced -48.6k -48,634
6 Penbrook Management LLC 1.27% of their portfolio NEW YORK, NY 307,911307.9k $1.8m $1.8m 1.27% Reduced -182.4k -182,415
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 304,724304.7k $1.8m $1.8m 0.00% Added +304.3k +304,324
8 Hillsdale Investment Management Inc. 0.05% of their portfolio Toronto, A6 284,700284.7k $1.7m $1.7m 0.05% New
9 TANAKA CAPITAL MANAGEMENT INC 2.69% of their portfolio NEW YORK, NY 253,930253.9k $1.5m $1.5m 2.69% First filing
10 Walleye Capital LLC 0.01% of their portfolio NEW YORK, NY 220,421220.4k $1.3m $1.3m 0.01% New
11 AMH Equity Ltd 1.48% of their portfolio Great Neck, NY 200,718200.7k $1.2m $1.2m 1.48% Added +718 +718
12 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 193,544193.5k $1.1m $1.1m 0.00% New
13 AIGH Capital Management LLC 0.40% of their portfolio BALTIMORE, MD 192,100192.1k $1.1m $1.1m 0.40% Reduced -2.0m -1,963,736
14 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 150,648150.6k $887.3k $887.3k 0.00% New
15 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 85,25485.3k $502.1k $502.1k 0.00% Added +40.5k +40,534
16 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 79,46779.5k $468.1k $468.1k 0.00% New
17 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 78,25778.3k $460.9k $460.9k 0.00% New
18 CIBC WORLD MARKET INC. 0.00% of their portfolio TORONTO, A6 76,23076.2k $449.1k $449.1k 0.00% New
19 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 71,17271.2k $419.2k $419.2k 0.00% New
20 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 67,53667.5k $397.8k $397.8k 0.00% Added +66.3k +66,346
21 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 33,55233.6k $197.6k $197.6k 0.01% Added +22.7k +22,654
22 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 31,18031.2k $183.6k $183.6k 0.00% New
23 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 23,60023.6k $144.0k $144.0k 0.00% Unchanged
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 18,85818.9k $111.1k $111.1k 0.00% Added +1.5k +1,472
25 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 16,43016.4k $96.8k $96.8k 0.00% New
26 Virtu Financial LLC 0.01% of their portfolio New York, NY 16,22516.2k $96.0k $96.0k 0.01% New
27 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 16,04716.0k $94.5k $94.5k 0.00% New
28 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 14,86714.9k $87.0k $87.0k 0.00% New
29 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 14,70914.7k $86.6k $86.6k 0.00% Unchanged
30 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 12,32412.3k $73.5k $73.5k 0.00% New
31 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 11,26711.3k $65.7k $65.7k 0.00% Reduced -81 -81
32 UBS Group AG 0.00% of their portfolio ZURICH, V8 9,9289.9k $58.5k $58.5k 0.00% New
33 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 7,8187.8k $46.0k $46.0k 0.00% New
34 Federation des caisses Desjardins du Quebec 0.00% of their portfolio LEVIS, A8 5,5905.6k $32.6k $32.6k 0.00% Added +4.2k +4,200
35 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 5,3495.3k $31.5k $31.5k 0.00% New
36 Solstein Capital, LLC 0.01% of their portfolio Menlo Park, CA 5,0005.0k $29.4k $29.4k 0.01% New
37 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 4,0104.0k $23.6k $23.6k 0.00% New
38 NBT BANK, N.A. 0.00% of their portfolio NORWICH, NY 3,6963.7k $21.8k $21.8k 0.00% Unchanged
39 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 3,0203.0k $18.0k $18.0k 0.00% Reduced -80 -80
40 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,1481.1k $6.8k $6.8k 0.00% New
41 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 1,0851.1k $6.4k $6.4k 0.00% Unchanged
42 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,0001.0k $6.1k $6.1k 0.00% Unchanged
43 Avion Wealth 0.00% of their portfolio THE WOODLANDS, TX 500500 $2.0k $2.0k 0.00% New
44 Pacifica Partners Inc. 0.00% of their portfolio SURREY, Z4 400400 $2.4k $2.4k 0.00% Reduced -400 -400
45 Byrne Asset Management LLC 0.00% of their portfolio KINGSTON, NJ 300300 $1.8k $1.8k 0.00% Reduced -200 -200
46 BlackRock, Inc. 0.00% of their portfolio New York, NY 250250 $1.5k $1.5k 0.00% New
47 Allworth Financial LP 0.00% of their portfolio FOLSOM, CA 8080 $472 $472 0.00% Unchanged
48 DANSKE BANK A/S 0.00% of their portfolio COPENHAGEN V, G7 11 $6 $6 0.00% Unchanged