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Noodles & Co
NDLS

100 hedge funds and large institutions have $178M invested in Noodles & Co in 2022 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 30 increasing their positions, 41 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more funds holding in top 10

Funds holding in top 10: 2 → 3 (+1)

17% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 12

0.13% less ownership

Funds ownership: 10.46% → 10.32% (-0.13%)

1% less funds holding

Funds holding: 101 → 100 (-1)

22% less capital invested

Capital invested by funds: $229M → $178M (-$50.6M)

27% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 41

Holders
100
Holders Change
-1
Holders Change %
-0.99%
% of All Funds
1.68%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.05%
New
14
Increased
30
Reduced
41
Closed
12
Calls
$5.6M
Puts
–
Net Calls
+$5.6M
Net Calls Change
+$2.88M

Top Buyers

1
PC
Plaisance Capital
Colorado
+$3.77M
2
MAG
Millrace Asset Group
Pennsylvania
+$2.42M
3
WA
Wasatch Advisors
Utah
+$1.75M
4
RA
Royce & Associates
New York
+$1.64M
5
KCM
Kennedy Capital Management
Missouri
+$967K

Top Sellers

1
N
Nuveen
North Carolina
-$5.7M
2
RRCP
Rip Road Capital Partners
Massachusetts
-$3.85M
3
PCM
Portolan Capital Management
Massachusetts
-$1.66M
4
Renaissance Technologies
Renaissance Technologies
New York
-$1.43M
5
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$637K
Name Holding Trade Value Shares
Change 		Change in
Stake
Two Sigma Investments
51
Two Sigma Investments
New York
$179K -$98.2K -2,210 -32%
EVC
52
Eidelman Virant Capital
Missouri
$172K -$72.2K -1,625 -28%
CGA
53
Crescent Grove Advisors
Illinois
$166K – – –
Jacobs Levy Equity Management
54
Jacobs Levy Equity Management
New Jersey
$157K -$637K -14,351 -77%
PP
55
PDT Partners
New York
$145K -$27.1K -610 -14%
T. Rowe Price Associates
56
T. Rowe Price Associates
Maryland
$142K +$33.6K +756 +25%
US Bancorp
57
US Bancorp
Minnesota
$136K – – –
Susquehanna International Group
58
Susquehanna International Group
Pennsylvania
$135K +$160K +3,601 New
DTL
59
Dynamic Technology Lab
Singapore
$132K +$156K +3,510 New
Millennium Management
60
Millennium Management
New York
$131K +$155K +3,481 New
TSS
61
Two Sigma Securities
New York
$128K +$151K +3,399 New
Royal Bank of Canada
62
Royal Bank of Canada
Ontario, Canada
$123K -$98.1K -2,208 -40%
BNP Paribas Financial Markets
63
BNP Paribas Financial Markets
France
$121K -$57.6K -1,298 -29%
CFA
64
Capstone Financial Advisors
Illinois
$118K – – –
PI
65
PEAK6 Investments
Illinois
$117K +$114K +2,567 +464%
Jane Street
66
Jane Street
New York
$110K +$130K +2,933 New
Barclays
67
Barclays
United Kingdom
$107K -$25.3K -569 -17%
Deutsche Bank
68
Deutsche Bank
Germany
$96K -$15.5K -348 -12%
Manulife (Manufacturers Life Insurance)
69
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$92K +$4.44K +100 +4%
AIG
70
American International Group
New York
$90K -$5.82K -131 -5%
VOYA Investment Management
71
VOYA Investment Management
Georgia
$84K – – –
California State Teachers Retirement System (CalSTRS)
72
California State Teachers Retirement System (CalSTRS)
California
$82K -$311 -7 -0.3%
AllianceBernstein
73
AllianceBernstein
Tennessee
$63K – – –
Mirae Asset Global Investments
74
Mirae Asset Global Investments
South Korea
$54K +$64.2K +1,445 New
State Board of Administration of Florida Retirement System
75
State Board of Administration of Florida Retirement System
Florida
$52K +$44 +1 +0.1%
1 2
3
4 5

NDLS Hedge Fund Activity: Q2 2022 in Review

100 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q2 2022, worth a combined $178M — down 22% from $229M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new NDLS positions and 12 closed out — a net gain of 2 holders — while 30 added to existing stakes and 41 trimmed.

The largest buyer was Plaisance Capital, adding an estimated $3.77M. The largest seller was Nuveen, cutting an estimated $5.7M.

  • 100 institutional investors held Noodles & Co (NDLS) as of Q2 2022, down from 101 in Q1 2022.
  • Funds reported $178M of Noodles & Co stock for Q2 2022, down 22% quarter-over-quarter.
  • 14 funds opened new Noodles & Co positions in Q2 2022 and 12 closed out, a net change of +2 holders.
  • The largest Noodles & Co buyer in Q2 2022 was Plaisance Capital, an estimated $3.77M added.
  • The largest Noodles & Co seller in Q2 2022 was Nuveen, an estimated $5.7M sold.

Based on aggregated 13F filings for Q2 2022.