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Noodles & Co
NDLS

88 hedge funds and large institutions have $150M invested in Noodles & Co in 2020 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 30 increasing their positions, 34 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,609% more call options, than puts

Call options by funds: $974K | Put options by funds: $57K

0.52% more ownership

Funds ownership: 8.52% → 9.04% (+0.52%)

4% less funds holding

Funds holding: 92 → 88 (-4)

10% less capital invested

Capital invested by funds: $167M → $150M (-$16.3M)

12% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 34

17% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 18

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
88
Holders Change
-4
Holders Change %
-4.35%
% of All Funds
1.94%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
15
Increased
30
Reduced
34
Closed
18
Calls
$974K
Puts
$57K
Net Calls
+$917K
Net Calls Change
-$36K

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$29.3M
2
N
Nuveen
North Carolina
+$1.94M
3
TGM
Tenzing Global Management
California
+$1.83M
4
RA
Royce & Associates
New York
+$1.25M
5
Marshall Wace
Marshall Wace
United Kingdom
+$1.13M

Top Sellers

1
Public Sector Pension Investment Board (PSP Investments)
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
-$8.94M
2
CCPM
Cooper Creek Partners Management
New York
-$7.48M
3
IECM
Intrinsic Edge Capital Management
Illinois
-$2.53M
4
EVC
Eidelman Virant Capital
Missouri
-$1.45M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
MWNA
26
Marshall Wace North America
New York
$1.54M +$170K +3,180 +8%
EVC
27
Eidelman Virant Capital
Missouri
$1.25M -$1.45M -27,125 -45%
Two Sigma Advisers
28
Two Sigma Advisers
New York
$1.04M -$557K -10,438 -27%
SRAM
29
Spouting Rock Asset Management
Pennsylvania
$1M -$895K -16,757 -39%
Charles Schwab
30
Charles Schwab
California
$884K +$23.8K +446 +2%
AFS
31
Amtrust Financial Services
New York
$759K +$27.2K +510 +3%
Millennium Management
32
Millennium Management
New York
$731K +$752K +14,083 +265%
MA
33
MYDA Advisors
New York
$556K -$347K -6,500 -31%
Calamos Advisors
34
Calamos Advisors
Illinois
$551K -$652K -12,217 -46%
FMBTD
35
First Midwest Bank Trust Division
Illinois
$547K +$775K +14,522 New
Russell Investments Group
36
Russell Investments Group
United Kingdom
$516K -$17.8K -333 -2%
CGA
37
Crescent Grove Advisors
Illinois
$498K – – –
QOP
38
Quinn Opportunity Partners
Virginia
$494K +$700K +13,108 New
GCP
39
GSA Capital Partners
United Kingdom
$493K +$620K +11,611 +789%
Goldman Sachs
40
Goldman Sachs
New York
$478K +$54.3K +1,016 +9%
Bank of New York Mellon
41
Bank of New York Mellon
New York
$450K -$14K -262 -2%
Wells Fargo
42
Wells Fargo
California
$353K -$62.1K -1,163 -11%
Creative Planning
43
Creative Planning
Kansas
$340K -$1.33K -25 -0.3%
Citadel Advisors
44
Citadel Advisors
Florida
$333K -$1.19M -22,231 -72%
PP
45
PDT Partners
New York
$264K -$88.4K -1,655 -19%
MPAM
46
Monarch Partners Asset Management
Massachusetts
$234K -$319K -5,969 -49%
D.E. Shaw & Co
47
D.E. Shaw & Co
New York
$218K -$1.01M -18,911 -77%
California State Teachers Retirement System (CalSTRS)
48
California State Teachers Retirement System (CalSTRS)
California
$209K +$3.42K +64 +1%
Jacobs Levy Equity Management
49
Jacobs Levy Equity Management
New Jersey
$196K -$682K -12,766 -71%
Los Angeles Capital Management
50
Los Angeles Capital Management
California
$189K +$267K +5,008 New
1
2
3 4 5

NDLS Hedge Fund Activity: Q1 2020 in Review

88 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q1 2020, worth a combined $150M — down 9.8% from $167M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of NDLS and 15 opened new positions — a net loss of 3 holders — while 34 trimmed existing stakes and 30 added.

The largest buyer was Fidelity Investments, adding an estimated $29.3M. The largest seller was Public Sector Pension Investment Board (PSP Investments), exiting entirely with an estimated $8.94M sold.

  • 88 institutional investors held Noodles & Co (NDLS) as of Q1 2020, down from 92 in Q4 2019.
  • Funds reported $150M of Noodles & Co stock for Q1 2020, down 9.8% quarter-over-quarter.
  • 15 funds opened new Noodles & Co positions in Q1 2020 and 18 closed out, a net change of -3 holders.
  • The largest Noodles & Co buyer in Q1 2020 was Fidelity Investments, an estimated $29.3M added.
  • The largest Noodles & Co seller in Q1 2020 was Public Sector Pension Investment Board (PSP Investments), an estimated $8.94M sold.

Based on aggregated 13F filings for Q1 2020.