Adage Capital Partners Gp, L.l.c. reports 55.36% increase in ownership of EL / The Estée Lauder Companies Inc.

The Estée Lauder Companies Inc.

MX ˙ BMV ˙ US5184391044

Security	MX:EL / The Estée Lauder Companies Inc.
Institution	Adage Capital Partners Gp, L.l.c.
Manager	Phil Gross, Robert Atchinson
Latest Disclosed Ownership	220,584 shares
Latest Disclosed Value	$ 15,831,314

On May 15, 2026 - Adage Capital Partners Gp, L.l.c. filed a 13F-HR form disclosing ownership of 220,584 shares of The Estée Lauder Companies Inc. (MX:EL) valued at $15,831,314 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 141,984 shares of The Estée Lauder Companies Inc.. This represents a change in shares of 55.36% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-05-15	2026-03-31	13F	LAUDER ESTEE COS	CL A	518439104	220,584	78,600	55.36	15,831	6.48	0.0244
2026-02-17	2025-12-31	13F	LAUDER ESTEE COS	CL A	518439104	141,984	68,800	94.01	14,869	130.58	0.0225
2025-11-14	2025-09-30	13F	LAUDER ESTEE COS	CL A	518439104	73,184	-141,300	-65.88	6,449	-62.79	0.0102
2025-08-14	2025-06-30	13F	LAUDER ESTEE COS	CL A	518439104	214,484	30,800	16.77	17,330	42.95	0.0292
2025-05-15	2025-03-31	13F	LAUDER ESTEE COS	CL A	518439104	183,684	-34,400	-15.77	12,123	-25.86	0.0225
2025-02-14	2024-12-31	13F	LAUDER ESTEE COS	CL A	518439104	218,084	-31,600	-12.66	16,352	-34.31	0.0286
2024-11-14	2024-09-30	13F	LAUDER ESTEE COS	CL A	518439104	249,684	116,200	87.05	24,891	75.26	0.0439
2024-08-14	2024-06-30	13F	LAUDER ESTEE COS	CL A	518439104	133,484	-215,000	-61.70	14,203	-73.56	0.0263
2024-05-15	2024-03-31	13F	LAUDER ESTEE COS	CL A	518439104	348,484	152,800	78.09	53,719	87.71	0.1014
2024-02-14	2023-12-31	13F	LAUDER ESTEE COS	CL A	518439104	195,684	90,100	85.33	28,619	87.51	0.0592
2023-11-14	2023-09-30	13F	LAUDER ESTEE COS	CL A	518439104	105,584	-82,900	-43.98	15,262	-58.77	0.0346
2023-08-14	2023-06-30	13F	LAUDER ESTEE COS	CL A	518439104	188,484	24,500	14.94	37,014	-8.42	0.0804
2023-05-15	2023-03-31	13F	LAUDER ESTEE COS	CL A	518439104	163,984	-61,200	-27.18	40,415	-27.66	0.0906
2023-02-14	2022-12-31	13F	LAUDER ESTEE COS	CL A	518439104	225,184	-11,000	-4.66	55,870	9.57	0.1336
2022-11-14	2022-09-30	13F	LAUDER ESTEE COS	CL A	518439104	236,184	-5,200	-2.15	50,992	-17.05	0.1265
2022-08-15	2022-06-30	13F	LAUDER ESTEE COS	CL A	518439104	241,384	241,384		61,473		0.1409
2022-05-16	2022-03-31	13F	LAUDER ESTEE COS	CL A	518439104	0	-246,884	-100.00	0	-100.00
2022-02-14	2021-12-31	13F	LAUDER ESTEE COS	CL A	518439104	246,884	37,900	18.14	91,396	45.81	0.1645
2021-11-15	2021-09-30	13F	LAUDER ESTEE COS	CL A	518439104	208,984	81,200	63.54	62,681	54.21	0.1235
2021-08-16	2021-06-30	13F	LAUDER ESTEE COS	CL A	518439104	127,784	-38,300	-23.06	40,646	-15.86	0.0796
2021-05-17	2021-03-31	13F	LAUDER ESTEE COS	CL A	518439104	166,084	99,500	149.44	48,306	172.55	0.0986
2021-02-16	2020-12-31	13F	LAUDER ESTEE COS	CL A	518439104	66,584	-187,500	-73.79	17,724	-68.04	0.0386
2020-11-16	2020-09-30	13F	LAUDER ESTEE COS	CL A	518439104	254,084	-5,600	-2.16	55,454	13.18	0.1388
2020-08-14	2020-06-30	13F	LAUDER ESTEE COS	CL A	518439104	259,684	153,408	144.35	48,997	189.34	0.1255
2020-05-15	2020-03-31	13F	LAUDER ESTEE COS	CL A	518439104	106,276	106,276		16,934		0.0506
2019-11-14	2019-09-30	13F	LAUDER ESTEE COS	CL A	518439104	0	-266,584	-100.00	0	-100.00
2019-08-14	2019-06-30	13F	LAUDER ESTEE COS	CL A	518439104	266,584	-6,200	-2.27	48,814	8.09	0.1215
2019-05-15	2019-03-31	13F	LAUDER ESTEE COS	CL A	518439104	272,784	125,100	84.71	45,159	135.03	0.1129
2019-02-14	2018-12-31	13F	LAUDER ESTEE COS	CL A	518439104	147,684	-134,556	-47.67	19,214	-53.15	0.0532
2018-11-14	2018-09-30	13F	LAUDER ESTEE COS	CL A	518439104	282,240	-3,055	-1.07	41,015	0.75	0.0915
2018-08-14	2018-06-30	13F	LAUDER ESTEE COS	CL A	518439104	285,295	-15,989	-5.31	40,709	-9.75	0.0932
2018-05-15	2018-03-31	13F	LAUDER ESTEE COS	CL A	518439104	301,284	-15,100	-4.77	45,108	12.05	0.1050
2018-02-14	2017-12-31	13F	LAUDER ESTEE COS	CL A	518439104	316,384	8,500	2.76	40,257	21.25	0.0910
2017-11-14	2017-09-30	13F	LAUDER ESTEE COS	CL A	518439104	307,884	-3,300	-1.06	33,202	11.17	0.0807
2017-08-14	2017-06-30	13F	LAUDER ESTEE COS	CL A	518439104	311,184	-4,900	-1.55	29,867	11.44	0.0731
2017-05-15	2017-03-31	13F	LAUDER ESTEE COS	CL A	518439104	316,084	-154,600	-32.85	26,801	-25.56	0.0675
2017-02-14	2016-12-31	13F	LAUDER ESTEE COS	CL A	518439104	470,684	165,600	54.28	36,003	33.26	0.0983
2016-11-14	2016-09-30	13F	LAUDER ESTEE COS	CL A	518439104	305,084	-13,200	-4.15	27,018	-6.74	0.0744
2016-08-15	2016-06-30	13F	LAUDER ESTEE COS	CL A	518439104	318,284	-6,100	-1.88	28,970	-5.31	0.0790
2016-05-16	2016-03-31	13F	LAUDER ESTEE COS	CL A	518439104	324,384	1,700	0.53	30,593	7.66	0.0830
2016-02-16	2015-12-31	13F	LAUDER ESTEE COS	CL A	518439104	322,684	-8,500	-2.57	28,416	6.35	0.0745
2015-11-16	2015-09-30	13F	LAUDER ESTEE COS	CL A	518439104	331,184	0	0.00	26,720	-6.90	0.0742
2015-08-14	2015-06-30	13F	LAUDER ESTEE COS	CL A	518439104	331,184	-510,000	-60.63	28,700	-58.97	0.0716
2015-05-15	2015-03-31	13F	LAUDER ESTEE COS	CL A	518439104	841,184	-1,350,000	-61.61	69,953	-58.10	0.1705
2015-02-17	2014-12-31	13F	LAUDER ESTEE COS	CL A	518439104	2,191,184	254,000	13.11	166,969	15.35	0.4085
2014-11-14	2014-09-30	13F	LAUDER ESTEE COS	CL A	518439104	1,937,184	-2,322	-0.12	144,747	0.50	0.3577
2014-08-14	2014-06-30	13F	LAUDER ESTEE COS	CL A	518439104	1,939,506	-46,100	-2.32	144,027	8.46	0.3722
2014-05-15	2014-03-31	13F	LAUDER ESTEE COS	CL A	518439104	1,985,606	-722,010	-26.67	132,797	-34.88	0.3626
2014-02-14	2013-12-31	13F	LAUDER ESTEE COS	CL A	518439104	2,707,616	575,000	26.96	203,938	36.81	0.5401
2013-11-14	2013-09-30	13F	LAUDER ESTEE COS	CL A	518439104	2,132,616	-425,300	-16.63	149,070	-11.39	0.4286
2013-08-14	2013-06-30	13F	LAUDER ESTEE COS	CL A	518439104	2,557,916	764,400	42.62	168,234	46.50	0.5186
2013-07-12	2013-03-31	13F/A-1	LAUDER ESTEE COS	CL A	518439104	1,793,516	1,793,516		114,839		0.3795

Legend

Shares: The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value: The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price: The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class: This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred

Allocation (%): The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation: The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%): The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis: The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss: This is the market value of the position as of the effective date minus the cost basis.