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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
Deutsche Bank
76
Deutsche Bank
Germany
$48K -$164K -3,074 -71%
Victory Capital Management
77
Victory Capital Management
Texas
$48K +$68.2K +1,278 New
Barclays
78
Barclays
United Kingdom
$44K -$127K -2,386 -67%
BNP Paribas Financial Markets
79
BNP Paribas Financial Markets
France
$41.7K +$32.3K +605 +120%
Citigroup
80
Citigroup
New York
$38K +$16K +300 +42%
Legal & General Group
81
Legal & General Group
United Kingdom
$31K -$6.41K -120 -13%
Group One Trading
82
Group One Trading
Illinois
$29K +$40.4K +757 New
Simplex Trading
83
Simplex Trading
Illinois
$28K -$67.4K -1,262 -62%
Osaic Holdings
84
Osaic Holdings
Arizona
$19K +$27.4K +513 New
Morgan Stanley
85
Morgan Stanley
New York
$16K -$241K -4,516 -91%
AIP
86
Ameritas Investment Partners
Nebraska
$12K – – –
Royal Bank of Canada
87
Royal Bank of Canada
Ontario, Canada
$11K +$7.64K +143 +87%
US Bancorp
88
US Bancorp
Minnesota
$8K +$11.6K +217 New
Public Sector Pension Investment Board (PSP Investments)
89
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
– -$8.94M -201,708 Closed
IECM
90
Intrinsic Edge Capital Management
Illinois
– -$2.53M -57,125 Closed
Renaissance Technologies
91
Renaissance Technologies
New York
– -$387K -8,723 Closed
TI
92
Trexquant Investment
Connecticut
– -$218K -4,920 Closed
HF
93
HRT Financial
New York
– -$180K -4,071 Closed
JG
94
Jefferies Group
New York
– -$178K -4,020 Closed
ARTA
95
A.R.T. Advisors
New York
– -$149K -3,355 Closed
WG
96
Winton Group
United Kingdom
– -$93K -2,098 Closed
EGM
97
Engineers Gate Manager
New York
– -$91K -2,050 Closed
ICM
98
IMS Capital Management
Oregon
– -$61K -1,386 Closed
Wolverine Trading
99
Wolverine Trading
Illinois
– -$58K -1,327 Closed
CG
100
Cutler Group
California
– -$58.1K -1,088 Closed
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.