Mill Road Capital Management’s Noodles & Co NDLS Stock Holding History

Mill Road Capital Management’s Portfolio NDLS Stock Details NDLS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$13M	Hold	870,660	–	–	6.43%	6
2026 Q1	$7.44M	Sell	870,660 -1	-0%	-$6	3.9%	6
2025 Q4	$4.92M	Hold	870,661	–	–	2.92%	10
2025 Q3	$4.43M	Hold	870,661	–	–	2.31%	11
2025 Q2	$4.96M	Hold	870,661	–	–	3.18%	12
2025 Q1	$7.59M	Hold	870,661	–	–	4.31%	11
2024 Q4	$4.03M	Hold	870,661	–	–	1.94%	16
2024 Q3	$8.36M	Hold	870,661	–	–	3.98%	12
2024 Q2	$11M	Hold	870,661	–	–	5.86%	7
2024 Q1	$13.3M	Hold	870,661	–	–	5.78%	6
2023 Q4	$21.9M	Buy	870,661 +2,462	+0.3%	+$53.8K	10.02%	3
2023 Q3	$17.1M	Buy	868,199 +94,363	+12%	+$2.27M	8.99%	3
2023 Q2	$20.9M	Buy	773,836 +45,571	+6%	+$1.49M	11.32%	3
2023 Q1	$28.3M	Buy	728,265 +13,125	+2%	+$599K	14.54%	1
2022 Q4	$31.4M	Buy	715,140 +16,378	+2%	+$718K	17.16%	1
2022 Q3	$26.3M	Buy	698,762 +96,511	+16%	+$3.83M	12.55%	2
2022 Q2	$22.6M	Buy	602,251 +14,857	+3%	+$660K	9.47%	4
2022 Q1	$28.1M	Hold	587,394	–	–	10.43%	3
2021 Q4	$42.6M	Sell	587,394 -6,363	-1%	-$579K	14.17%	2
2021 Q3	$56.1M	Sell	593,757 -6,748	-1%	-$660K	18.43%	2
2021 Q2	$60M	Hold	600,505	–	–	20.21%	2
2021 Q1	$49.7M	Hold	600,505	–	–	16.44%	2
2020 Q4	$38M	Buy	+600,505	New	+$37.1M	13.41%	2
2019 Q3	$27.2M	Hold	600,505	–	–	43.44%	1
2019 Q2	$37.9M	Hold	600,505	–	–	51.76%	1
2019 Q1	$32.7M	Hold	600,505	–	–	42.72%	1
2018 Q4	$33.6M	Sell	600,505 -232,298	-28%	-$17.3M	42.56%	1
2018 Q3	$80.6M	Sell	832,803 -276,352	-25%	-$25.6M	59.92%	1
2018 Q2	$109M	Hold	1,109,155	–	–	65.47%	1
2018 Q1	$67M	Hold	1,109,155	–	–	53.43%	1
2017 Q4	$46.6M	Buy	+1,109,155	New	+$42.5M	44.52%	1

Other funds holding NDLS

NCM

Nantahala Capital Management New Canaan, Connecticut $3.01B AUM 119.46% 1-Year Est. Return

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

Jane Street New York $1.21T AUM 78.12% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Citadel Advisors Miami, Florida $875B AUM 40.91% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Assenagon Asset Management Senningerberg, Luxembourg $80.2B AUM 50.56% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Renaissance Technologies New York $72.6B AUM 54.88% 1-Year Est. Return

Vanguard Fiduciary Trust Malvern, Pennsylvania $454B AUM

Mill Road Capital Management's NDLS Position: Q2 2026 in Review

Mill Road Capital Management held its Noodles & Co (NDLS) position steady in Q2 2026 at 870,660 shares worth $13M. The position accounts for 6.43% of the portfolio, ranked #6.

Mill Road Capital Management first reported a position in NDLS in Q4 2017 and has held it in 31 quarters since. The position peaked at $109M in Q2 2018. 38 funds tracked by Wall St. Rank hold NDLS as of Q2 2026.

Mill Road Capital Management held 870,660 shares of Noodles & Co worth $13M as of Q2 2026.
Mill Road Capital Management left its Noodles & Co share count unchanged in Q2 2026.
Noodles & Co made up 6.43% of Mill Road Capital Management's portfolio in Q2 2026, its #6 holding.
Mill Road Capital Management first reported a position in Noodles & Co in Q4 2017 and has held it in 31 quarters since.
Mill Road Capital Management's Noodles & Co position peaked at $109M in Q2 2018.
38 funds tracked by Wall St. Rank held Noodles & Co as of Q2 2026.

Based on Mill Road Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.