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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
AllianceBernstein
51
AllianceBernstein
Tennessee
$183K +$38.7K +725 +18%
PAM
52
Premier Asset Management
Illinois
$179K +$253K +4,743 New
Two Sigma Investments
53
Two Sigma Investments
New York
$176K -$354K -6,628 -59%
JP Morgan Chase
54
JP Morgan Chase
New York
$171K +$157K +2,936 +184%
Invesco
55
Invesco
Georgia
$160K +$227K +4,254 New
PI
56
PEAK6 Investments
Illinois
$151K +$16.5K +309 +8%
RhumbLine Advisers
57
RhumbLine Advisers
Massachusetts
$140K – – –
CIP
58
Cornerstone Investment Partners
Georgia
$126K +$179K +3,347 New
CFA
59
Capstone Financial Advisors
Illinois
$118K – – –
T. Rowe Price Associates
60
T. Rowe Price Associates
Maryland
$106K +$151K +2,826 New
California Public Employees Retirement System
61
California Public Employees Retirement System
California
$96K – – –
Manulife (Manufacturers Life Insurance)
62
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$92K -$1.82K -34 -1%
UBS Group
63
UBS Group
Switzerland
$84K -$132K -2,467 -53%
BCM
64
Bayesian Capital Management
New York
$82K +$116K +2,169 New
AIG
65
American International Group
New York
$80K -$6.51K -122 -5%
New York State Common Retirement Fund
66
New York State Common Retirement Fund
New York
$77K – – –
Squarepoint
67
Squarepoint
New York
$75K -$531K -9,939 -83%
HighTower Advisors
68
HighTower Advisors
Illinois
$75K – – –
Bank of America
69
Bank of America
North Carolina
$74K +$6.94K +130 +7%
VOYA Investment Management
70
VOYA Investment Management
Georgia
$72K – – –
Tudor Investment Corp
71
Tudor Investment Corp
Connecticut
$72K +$101K +1,898 New
WWM
72
Western Wealth Management
Colorado
$61K -$269K -5,033 -76%
Susquehanna International Group
73
Susquehanna International Group
Pennsylvania
$58K -$1.27M -23,820 -94%
State Board of Administration of Florida Retirement System
74
State Board of Administration of Florida Retirement System
Florida
$50K – – –
SG Americas Securities
75
SG Americas Securities
New York
$49K +$68.9K +1,290 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.