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Noodles & Co
NDLS

101 hedge funds and large institutions have $167M invested in Noodles & Co in 2022 Q3 according to their latest regulatory filings, with 12 funds opening new positions, 36 increasing their positions, 36 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more first-time investments, than exits

New positions opened: 12 | Existing positions closed: 10

1% more funds holding

Funds holding: 100 → 101 (+1)

0% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 36

0.63% less ownership

Funds ownership: 10.32% → 9.7% (-0.63%)

6% less capital invested

Capital invested by funds: $178M → $167M (-$11.3M)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
101
Holders Change
+1
Holders Change %
+1%
% of All Funds
1.74%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.03%
New
12
Increased
36
Reduced
36
Closed
10
Calls
$359K
Puts
–
Net Calls
+$359K
Net Calls Change
-$5.24M

Top Buyers

1
MRCM
Mill Road Capital Management
Connecticut
+$3.83M
2
RA
Royce & Associates
New York
+$1.15M
3
Renaissance Technologies
Renaissance Technologies
New York
+$1.04M
4
WA
Wasatch Advisors
Utah
+$743K
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$708K

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$5.66M
2
WCM
Woodson Capital Management
Connecticut
-$1.54M
3
RRCP
Rip Road Capital Partners
Massachusetts
-$1.53M
4
MAG
Millrace Asset Group
Pennsylvania
-$956K
5
IP
Invenire Partners
Connecticut
-$902K
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Advisers
26
Two Sigma Advisers
New York
$1.11M +$90.9K +2,287 +8%
GCP
27
GSA Capital Partners
United Kingdom
$1.07M +$7.83K +197 +0.7%
Renaissance Technologies
28
Renaissance Technologies
New York
$983K +$1.04M +26,135 New
Arrowstreet Capital
29
Arrowstreet Capital
Massachusetts
$940K -$30.2K -761 -3%
Goldman Sachs
30
Goldman Sachs
New York
$752K +$66.1K +1,664 +9%
Victory Capital Management
31
Victory Capital Management
Texas
$628K +$664K +16,705 New
TIM
32
Thompson Investment Management
Wisconsin
$622K – – –
State of Wisconsin Investment Board
33
State of Wisconsin Investment Board
Wisconsin
$621K +$18.5K +466 +3%
SRAM
34
Spouting Rock Asset Management
Pennsylvania
$615K +$36.1K +908 +6%
Bank of New York Mellon
35
Bank of New York Mellon
New York
$587K +$53.2K +1,340 +9%
Two Sigma Investments
36
Two Sigma Investments
New York
$571K +$414K +10,418 +219%
Charles Schwab
37
Charles Schwab
California
$499K -$824K -20,736 -61%
Morgan Stanley
38
Morgan Stanley
New York
$496K +$235K +5,909 +81%
Citadel Advisors
39
Citadel Advisors
Florida
$495K +$148K +3,724 +39%
Creative Planning
40
Creative Planning
Kansas
$371K +$10.1K +254 +3%
JP Morgan Chase
41
JP Morgan Chase
New York
$363K -$173K -4,353 -31%
BCM
42
Bridgeway Capital Management
Texas
$353K +$372K +9,375 New
SAM
43
Soviero Asset Management
New York
$308K – – –
Invesco
44
Invesco
Georgia
$274K -$278 -7 -0.1%
Los Angeles Capital Management
45
Los Angeles Capital Management
California
$274K +$51.5K +1,297 +22%
TC
46
TownSquare Capital
Utah
$260K +$221K +5,552 +401%
Millennium Management
47
Millennium Management
New York
$248K +$124K +3,111 +89%
SFI
48
Susquehanna Fundamental Investments
Pennsylvania
$237K +$251K +6,313 New
RhumbLine Advisers
49
RhumbLine Advisers
Massachusetts
$232K +$16.1K +406 +7%
EVC
50
Eidelman Virant Capital
Missouri
$196K +$39.7K +1,000 +24%
1
2
3 4 5

NDLS Hedge Fund Activity: Q3 2022 in Review

101 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q3 2022, worth a combined $167M — down 6.4% from $178M a quarter earlier.

Buyers outnumbered sellers: 12 funds opened new NDLS positions and 10 closed out — a net gain of 2 holders — while 36 added to existing stakes and 36 trimmed.

The largest buyer was Mill Road Capital Management, adding an estimated $3.83M. The largest seller was Fidelity Investments, cutting an estimated $5.66M.

  • 101 institutional investors held Noodles & Co (NDLS) as of Q3 2022, up from 100 in Q2 2022.
  • Funds reported $167M of Noodles & Co stock for Q3 2022, down 6.4% quarter-over-quarter.
  • 12 funds opened new Noodles & Co positions in Q3 2022 and 10 closed out, a net change of +2 holders.
  • The largest Noodles & Co buyer in Q3 2022 was Mill Road Capital Management, an estimated $3.83M added.
  • The largest Noodles & Co seller in Q3 2022 was Fidelity Investments, an estimated $5.66M sold.

Based on aggregated 13F filings for Q3 2022.