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Noodles & Co
NDLS

115 hedge funds and large institutions have $210M invested in Noodles & Co in 2018 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 41 increasing their positions, 29 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 15

41% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 29

11% more funds holding

Funds holding: 104 → 115 (+11)

0.35% less ownership

Funds ownership: 8.91% → 8.56% (-0.35%)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

44% less capital invested

Capital invested by funds: $378M → $210M (-$167M)

83% less call options, than puts

Call options by funds: $1.45M | Put options by funds: $8.49M

Holders
115
Holders Change
+11
Holders Change %
+10.58%
% of All Funds
2.56%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
26
Increased
41
Reduced
29
Closed
15
Calls
$1.45M
Puts
$8.49M
Net Calls
-$7.03M
Net Calls Change
-$9.1M

Top Buyers

1
Alyeska Investment Group
Alyeska Investment Group
Illinois
+$7.96M
2
SCM
SG Capital Management
Illinois
+$6.63M
3
LCM
Laurion Capital Management
New York
+$5.27M
4
OAM
Oxford Asset Management
United Kingdom
+$2.69M
5
EA
Emerald Advisers
Pennsylvania
+$2.66M

Top Sellers

1
MRCM
Mill Road Capital Management
Connecticut
-$17.3M
2
Public Sector Pension Investment Board (PSP Investments)
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
-$17.3M
3
PC
Pier Capital
Connecticut
-$6.37M
4
Marshall Wace
Marshall Wace
United Kingdom
-$5.33M
5
Fidelity International
Fidelity International
Bermuda
-$4.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
Man Group
51
Man Group
United Kingdom
$452K +$601K +8,077 New
AFS
52
Amtrust Financial Services
New York
$449K -$1.2M -16,098 -67%
Invesco
53
Invesco
Georgia
$446K -$1.38M -18,585 -70%
MPAM
54
Monarch Partners Asset Management
Massachusetts
$433K +$140K +1,877 +32%
CM
55
Caption Management
Oklahoma
$419K +$168K +2,263 +43%
BFM
56
Boothbay Fund Management
New York
$378K +$368K +4,951 +274%
Tudor Investment Corp
57
Tudor Investment Corp
Connecticut
$358K +$350K +4,698 +276%
AQR Capital Management
58
AQR Capital Management
Connecticut
$356K +$17.4K +234 +4%
CSS
59
Cubist Systematic Strategies
Connecticut
$343K +$407K +5,467 +823%
SCA
60
Secor Capital Advisors
New York
$324K +$431K +5,790 New
CEP
61
Chicago Equity Partners
Illinois
$318K +$423K +5,681 New
Squarepoint
62
Squarepoint
New York
$296K +$217K +2,914 +123%
ARTA
63
A.R.T. Advisors
New York
$294K +$28.9K +388 +8%
Wellington Management Group
64
Wellington Management Group
Massachusetts
$253K -$51.8K -696 -13%
Swiss National Bank
65
Swiss National Bank
Switzerland
$244K +$325K +4,363 New
TI
66
Trexquant Investment
Connecticut
$237K +$217K +2,914 +221%
PCA
67
Prospect Capital Advisors
California
$220K – – –
UFF
68
USA Financial Formulas
Michigan
$216K +$166K +2,237 New
TA
69
Teachers Advisors
New York
$215K – – –
Arrowstreet Capital
70
Arrowstreet Capital
Massachusetts
$213K -$585K -7,856 -67%
TCIM
71
TIAA CREF Investment Management
New York
$193K – – –
Goldman Sachs
72
Goldman Sachs
New York
$181K +$134K +1,800 +125%
CFA
73
Capstone Financial Advisors
Illinois
$175K – – –
SIM
74
Spark Investment Management
New York
$171K +$229K +3,075 New
Deutsche Bank
75
Deutsche Bank
Germany
$155K -$266K -3,579 -56%
1 2
3
4 5

NDLS Hedge Fund Activity: Q4 2018 in Review

115 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q4 2018, worth a combined $210M — down 44% from $378M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new NDLS positions and 15 closed out — a net gain of 11 holders — while 41 added to existing stakes and 29 trimmed.

The largest buyer was Alyeska Investment Group, opening a new position worth an estimated $7.96M. The largest seller was Mill Road Capital Management, cutting an estimated $17.3M.

  • 115 institutional investors held Noodles & Co (NDLS) as of Q4 2018, up from 104 in Q3 2018.
  • Funds reported $210M of Noodles & Co stock for Q4 2018, down 44% quarter-over-quarter.
  • 26 funds opened new Noodles & Co positions in Q4 2018 and 15 closed out, a net change of +11 holders.
  • The largest Noodles & Co buyer in Q4 2018 was Alyeska Investment Group, an estimated $7.96M added.
  • The largest Noodles & Co seller in Q4 2018 was Mill Road Capital Management, an estimated $17.3M sold.

Based on aggregated 13F filings for Q4 2018.