Noodles & Co
NDLS
76 hedge funds and large institutions have $37.3M invested in Noodles & Co in 2024 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 13 increasing their positions, 28 reducing their positions, and 24 closing their positions.
2,100% more call options, than puts
Call options by funds: $22K | Put options by funds: $1K
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 24
1% less funds holding
Funds holding: 77 → 76 (-1)
1.32% less ownership
Funds ownership: 7.82% → 6.5% (-1.3%)
31% less capital invested
Capital invested by funds: $53.8M → $37.3M (-$16.6M)
54% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$809K |
| 2 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$490K |
| 3 |
AGM
Alpine Global Management
New York
|
+$252K |
| 4 |
Jane Street
New York
|
+$218K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$173K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$3.6M |
| 2 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
-$1.34M |
| 3 |
State Street
Boston,
Massachusetts
|
-$963K |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$732K |
| 5 |
N
Nuveen
Charlotte,
North Carolina
|
-$565K |
NDLS Hedge Fund Activity: Q2 2024 in Review
76 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q2 2024, worth a combined $37.3M — down 31% from $53.8M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of NDLS and 23 opened new positions — a net loss of 1 holder — while 28 trimmed existing stakes and 13 added.
The largest buyer was Millennium Management, opening a new position worth an estimated $809K. The largest seller was BlackRock, cutting an estimated $3.6M.
- 76 institutional investors held Noodles & Co (NDLS) as of Q2 2024, down from 77 in Q1 2024.
- Funds reported $37.3M of Noodles & Co stock for Q2 2024, down 31% quarter-over-quarter.
- 23 funds opened new Noodles & Co positions in Q2 2024 and 24 closed out, a net change of -1 holder.
- The largest Noodles & Co buyer in Q2 2024 was Millennium Management, an estimated $809K added.
- The largest Noodles & Co seller in Q2 2024 was BlackRock, an estimated $3.6M sold.
Based on aggregated 13F filings for Q2 2024.