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Noodles & Co
NDLS

78 hedge funds and large institutions have $107M invested in Noodles & Co in 2016 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 16 increasing their positions, 28 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

6% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 17

1% less funds holding

Funds holding: 79 → 78 (-1)

30% less call options, than puts

Call options by funds: $346K | Put options by funds: $494K

43% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 28

57% less capital invested

Capital invested by funds: $249M → $107M (-$142M)

Holders
78
Holders Change
-1
Holders Change %
-1.27%
% of All Funds
2.08%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
16
Increased
16
Reduced
28
Closed
17
Calls
$346K
Puts
$494K
Net Calls
-$148K
Net Calls Change
+$133K

Top Buyers

1
PP
Prospector Partners
Connecticut
+$2.18M
2
Renaissance Technologies
Renaissance Technologies
New York
+$1.25M
3
MPEM
Marathon Partners Equity Management
New York
+$1.1M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
+$422K
5
Two Sigma Investments
Two Sigma Investments
New York
+$316K

Top Sellers

1
RP
Riverbridge Partners
Minnesota
-$11.6M
2
ClearBridge Investments
ClearBridge Investments
New York
-$11.3M
3
1WCM
12 West Capital Management
New York
-$3.56M
4
GTP
Global Thematic Partners
New York
-$3.13M
5
Northern Trust
Northern Trust
Illinois
-$1.49M
Name Holding Trade Value Shares
Change 		Change in
Stake
RP
76
Riverbridge Partners
Minnesota
– -$11.6M -147,953 Closed
ClearBridge Investments
77
ClearBridge Investments
New York
– -$11.3M -144,665 Closed
1WCM
78
12 West Capital Management
New York
– -$3.56M -45,468 Closed
Neuberger Berman Group
79
Neuberger Berman Group
New York
– -$403K -5,151 Closed
ARTA
80
A.R.T. Advisors
New York
– -$267K -3,413 Closed
GLRA
81
Gerald L. Ray & Associates
Texas
– -$202K -2,588 Closed
Envestnet Asset Management
82
Envestnet Asset Management
Illinois
– -$142K -1,819 Closed
Wolverine Trading
83
Wolverine Trading
Illinois
– -$92.7K -1,581 Closed
PNC Financial Services Group
84
PNC Financial Services Group
Pennsylvania
– -$67K -858 Closed
ST
85
Spot Trading
Illinois
– -$47K -603 Closed
Bank of Montreal
86
Bank of Montreal
Ontario, Canada
– -$23K -294 Closed
Teacher Retirement System of Texas
87
Teacher Retirement System of Texas
Texas
– -$20K -253 Closed
Fifth Third Bancorp
88
Fifth Third Bancorp
Ohio
– -$11K -188 -95%
WA
89
WealthTrust-Arizona
Arizona
– -$4K -49 Closed
QCG
90
Quadrant Capital Group
Ohio
– -$1K -25 Closed
FHA
91
First Horizon Advisors
Tennessee
– -$1K -19 Closed
PFBT
92
Parkside Financial Bank & Trust
Missouri
– -$1K -19 Closed
FNBT
93
FineMark National Bank & Trust
Florida
– -$1K -7 Closed
1 2 3
4

NDLS Hedge Fund Activity: Q3 2016 in Review

78 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q3 2016, worth a combined $107M — down 57% from $249M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of NDLS and 16 opened new positions — a net loss of 1 holder — while 28 trimmed existing stakes and 16 added.

The largest buyer was Prospector Partners, opening a new position worth an estimated $2.18M. The largest seller was Riverbridge Partners, exiting entirely with an estimated $11.6M sold.

  • 78 institutional investors held Noodles & Co (NDLS) as of Q3 2016, down from 79 in Q2 2016.
  • Funds reported $107M of Noodles & Co stock for Q3 2016, down 57% quarter-over-quarter.
  • 16 funds opened new Noodles & Co positions in Q3 2016 and 17 closed out, a net change of -1 holder.
  • The largest Noodles & Co buyer in Q3 2016 was Prospector Partners, an estimated $2.18M added.
  • The largest Noodles & Co seller in Q3 2016 was Riverbridge Partners, an estimated $11.6M sold.

Based on aggregated 13F filings for Q3 2016.