Electrovaya Inc. - Common Stock (ELVA) Institutional Ownership

13F Institutional Holders and Ownership History from Q3 2023 to Q4 2025

Type / Class
Equity / Common Stock
Symbol
ELVA on Nasdaq
Shares outstanding
40,930,769
Price per share
$7.90
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
5,723,697
Total reported value
$33,798,870
% of total 13F portfolios
0%
Share change
-1,002,617
Value change
-$5,392,378
Number of holders
48
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of Electrovaya Inc. - Common Stock (ELVA) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Polar Asset Management Partners Inc. 4.8% -12% $5,008,807 -$580,198 1,941,398 -10% Polar Asset Management Partners Inc. 31 Mar 2025
LYTTON LAURENCE W 4.7% -25% $11,469,489 -$3,288,097 1,898,922 -22% Lytton, Laurence W. 30 Jun 2025
HIRSCHMAN ORIN 1.3% -83% $3,134,069 -$11,679,864 532,100 -79% Orin Hirschman 30 Sep 2025

As of 30 Sep 2025, 48 institutional investors reported holding 5,723,697 shares of Electrovaya Inc. - Common Stock (ELVA). This represents 14% of the company’s total 40,930,769 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of Electrovaya Inc. - Common Stock (ELVA) together control 14% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
Herald Investment Management Ltd 3.1% 1,265,000 0% 0.99% $7,450,850
Polar Asset Management Partners Inc. 1.2% 478,480 -71% 0.06% $2,818,247
WealthTrust Axiom LLC 1% 410,904 -1.1% 0.65% $2,420,224
Caldwell Investment Management Ltd. 0.97% 398,000 1.6% $2,424,291
Mink Brook Asset Management LLC 0.85% 346,467 -12% 1.4% $2,040,691
Penbrook Management LLC 0.75% 307,911 -0.06% 1.3% $1,814,858
BANK OF AMERICA CORP /DE/ 0.74% 304,724 +76081% 0% $1,794,823
Hillsdale Investment Management Inc. 0.7% 284,700 0.05% $1,677,063
TANAKA CAPITAL MANAGEMENT INC 0.62% 253,930 2.8% $1,496,000
Walleye Capital LLC 0.54% 220,421 0.01% $1,298,280
AMH Equity Ltd 0.49% 200,718 +0.36% 1.5% $1,182,229
MARSHALL WACE, LLP 0.47% 193,544 0% $1,139,974
AIGH Capital Management LLC 0.47% 192,100 -91% 0.4% $1,131,613
Russell Investments Group, Ltd. 0.37% 150,648 0% $887,313
CITADEL ADVISORS LLC 0.21% 85,254 +91% 0% $502,146
FIRST TRUST ADVISORS LP 0.19% 79,467 0% $468,060
LAZARD ASSET MANAGEMENT LLC 0.19% 78,257 0% $460,934
CIBC WORLD MARKET INC. 0.19% 76,230 0% $449,056
Calamos Advisors LLC 0.17% 71,172 0% $419,203
RAYMOND JAMES FINANCIAL INC 0.17% 67,536 +5575% 0% $397,787
XTX Topco Ltd 0.08% 33,552 +208% 0.01% $197,621
JANE STREET GROUP, LLC 0.08% 31,180 0% $183,649
TORONTO DOMINION BANK 0.06% 23,600 0% 0% $144,000
GOLDMAN SACHS GROUP INC 0.05% 18,858 +8.5% 0% $111,074
SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.04% 16,430 0% $96,773

Institutional Holders of Electrovaya Inc. - Common Stock (ELVA) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 390,461 $3,084,681 +$647,218 $7.90 3
2025 Q3 5,723,697 $33,798,870 -$5,392,378 $5.89 48
2025 Q2 6,726,314 $22,935,350 +$131,280 $3.41 25
2025 Q1 6,691,976 $15,479,692 -$788,212 $2.31 22
2024 Q4 7,017,165 $17,325,903 +$9,465,500 $2.48 22
2024 Q3 2,826,782 $6,599,040 -$348,655 $2.33 15
2024 Q2 2,973,016 $7,657,590 -$3,870,096 $2.57 16
2024 Q1 4,471,500 $15,664,762 +$1,137,173 $3.66 12
2023 Q4 4,259,426 $13,032,605 +$2,504,406 $3.06 14
2023 Q3 3,441,975 $9,828,939 +$9,828,883 $2.83 12