[jodok]

No, it can hold as much data as the sum of all the nodes in the cluster have (also depending on the amount of replicas you configure). Some background: All data is being sharded by default. These shards are distributed evenly between the nodes. Nodes can hold multiple shards. Furthermore shards can have replicas, being hold by other nodes. Memory is being utilized to hold indizes in RAM and to cache values that are being needed frequently for e.g. aggregations ("field caches").