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Noodles & Co
NDLS

78 hedge funds and large institutions have $107M invested in Noodles & Co in 2016 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 16 increasing their positions, 28 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

6% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 17

1% less funds holding

Funds holding: 79 → 78 (-1)

30% less call options, than puts

Call options by funds: $346K | Put options by funds: $494K

43% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 28

57% less capital invested

Capital invested by funds: $249M → $107M (-$142M)

Holders
78
Holders Change
-1
Holders Change %
-1.27%
% of All Funds
2.08%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
16
Increased
16
Reduced
28
Closed
17
Calls
$346K
Puts
$494K
Net Calls
-$148K
Net Calls Change
+$133K

Top Buyers

1
PP
Prospector Partners
Connecticut
+$2.18M
2
Renaissance Technologies
Renaissance Technologies
New York
+$1.25M
3
MPEM
Marathon Partners Equity Management
New York
+$1.1M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
+$422K
5
Two Sigma Investments
Two Sigma Investments
New York
+$316K

Top Sellers

1
RP
Riverbridge Partners
Minnesota
-$11.6M
2
ClearBridge Investments
ClearBridge Investments
New York
-$11.3M
3
1WCM
12 West Capital Management
New York
-$3.56M
4
GTP
Global Thematic Partners
New York
-$3.13M
5
Northern Trust
Northern Trust
Illinois
-$1.49M
Name Holding Trade Value Shares
Change 		Change in
Stake
D.E. Shaw & Co
26
D.E. Shaw & Co
New York
$138K +$23.1K +394 +12%
Dimensional Fund Advisors
27
Dimensional Fund Advisors
Texas
$127K -$3.63K -62 -2%
CFA
28
Capstone Financial Advisors
Illinois
$119K – – –
California State Teachers Retirement System (CalSTRS)
29
California State Teachers Retirement System (CalSTRS)
California
$110K -$704 -12 -0.4%
Swiss National Bank
30
Swiss National Bank
Switzerland
$110K – – –
NFA
31
Nationwide Fund Advisors
Ohio
$106K +$107K +1,822 +191%
SG Americas Securities
32
SG Americas Securities
New York
$101K +$155K +2,642 New
SIM
33
Spark Investment Management
New York
$93K +$144K +2,463 New
SSG
34
Summit Securities Group
New York
$87K +$134K +2,280 New
Morgan Stanley
35
Morgan Stanley
New York
$86K -$84.5K -1,441 -39%
GTP
36
Global Thematic Partners
New York
$83K -$3.13M -53,317 -96%
Charles Schwab
37
Charles Schwab
California
$83K -$207K -3,530 -62%
TA
38
Teachers Advisors
New York
$81K – – –
CS
39
Credit Suisse
Switzerland
$80K +$2.29K +39 +2%
Invesco
40
Invesco
Georgia
$79K +$22.5K +384 +23%
HighTower Advisors
41
HighTower Advisors
Illinois
$75K – – –
Citadel Advisors
42
Citadel Advisors
Florida
$67K +$102K +1,748 New
Zurich Cantonal Bank
43
Zurich Cantonal Bank
Switzerland
$64K +$99.1K +1,691 New
Goldman Sachs
44
Goldman Sachs
New York
$61K +$94K +1,603 New
Group One Trading
45
Group One Trading
Illinois
$60K -$1.47K -25 -2%
New York State Common Retirement Fund
46
New York State Common Retirement Fund
New York
$55K – – –
RhumbLine Advisers
47
RhumbLine Advisers
Massachusetts
$54K +$1.05K +18 +1%
State Board of Administration of Florida Retirement System
48
State Board of Administration of Florida Retirement System
Florida
$50K – – –
Two Sigma Advisers
49
Two Sigma Advisers
New York
$50K +$77.7K +1,325 New
Citigroup
50
Citigroup
New York
$39K +$33.2K +567 +130%
1
2
3 4

NDLS Hedge Fund Activity: Q3 2016 in Review

78 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q3 2016, worth a combined $107M — down 57% from $249M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of NDLS and 16 opened new positions — a net loss of 1 holder — while 28 trimmed existing stakes and 16 added.

The largest buyer was Prospector Partners, opening a new position worth an estimated $2.18M. The largest seller was Riverbridge Partners, exiting entirely with an estimated $11.6M sold.

  • 78 institutional investors held Noodles & Co (NDLS) as of Q3 2016, down from 79 in Q2 2016.
  • Funds reported $107M of Noodles & Co stock for Q3 2016, down 57% quarter-over-quarter.
  • 16 funds opened new Noodles & Co positions in Q3 2016 and 17 closed out, a net change of -1 holder.
  • The largest Noodles & Co buyer in Q3 2016 was Prospector Partners, an estimated $2.18M added.
  • The largest Noodles & Co seller in Q3 2016 was Riverbridge Partners, an estimated $11.6M sold.

Based on aggregated 13F filings for Q3 2016.