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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
76
Holders Change
-1
Holders Change %
-1.3%
% of All Funds
1.1%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
23
Increased
13
Reduced
28
Closed
24
Calls
$22K
Puts
$1K
Net Calls
+$21K
Net Calls Change
+$85K

Top Buyers

1
Millennium Management
Millennium Management
New York
+$809K
2
NCM
Nantahala Capital Management
Connecticut
+$490K
3
AGM
Alpine Global Management
New York
+$252K
4
Jane Street
Jane Street
New York
+$218K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$173K

Top Sellers

1
BlackRock
BlackRock
New York
-$3.6M
2
ICM
Invenomic Capital Management
Massachusetts
-$1.34M
3
State Street
State Street
Massachusetts
-$963K
4
Geode Capital Management
Geode Capital Management
Massachusetts
-$732K
5
N
Nuveen
North Carolina
-$565K
Name Holding Trade Value Shares
Change 		Change in
Stake
N
76
Nuveen
North Carolina
– -$565K -36,984 Closed
PAIM
77
Punch & Associates Investment Management
Minnesota
– -$555K -36,320 Closed
Bank of New York Mellon
78
Bank of New York Mellon
New York
– -$208K -13,600 Closed
Charles Schwab
79
Charles Schwab
California
– -$206K -13,510 Closed
SO
80
STRS Ohio
Ohio
– -$195K -12,800 Closed
MA
81
MYDA Advisors
New York
– -$87.1K -5,702 Closed
Connor, Clark & Lunn Investment Management (CC&L)
82
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
– -$59.6K -3,902 Closed
Deutsche Bank
83
Deutsche Bank
Germany
– -$51.2K -3,348 Closed
American Century Companies
84
American Century Companies
Missouri
– -$45.4K -2,973 Closed
AIG
85
American International Group
New York
– -$36.6K -2,398 Closed
Mirae Asset Global Investments
86
Mirae Asset Global Investments
South Korea
– -$78.3K -2,104 Closed
T. Rowe Price Associates
87
T. Rowe Price Associates
Maryland
– -$26K -1,637 Closed
SOW
88
State of Wyoming
Wyoming
– -$24.6K -1,609 Closed
State Board of Administration of Florida Retirement System
89
State Board of Administration of Florida Retirement System
Florida
– -$54.2K -1,397 Closed
Manulife (Manufacturers Life Insurance)
90
Manulife (Manufacturers Life Insurance)
Ontario, Canada
– -$19.8K -1,293 Closed
FCB
91
First County Bank
Connecticut
– -$19.1K -1,250 Closed
FFC
92
First Financial Corp
Indiana
– -$15.5K -1,020 Closed
Legal & General Group
93
Legal & General Group
United Kingdom
– -$8.13K -532 Closed
California State Teachers Retirement System (CalSTRS)
94
California State Teachers Retirement System (CalSTRS)
California
– -$7.47K -489 Closed
AIP
95
Ameritas Investment Partners
Nebraska
– -$6.09K -399 Closed
AB
96
Amalgamated Bank
New York
– -$3K -177 Closed
Russell Investments Group
97
Russell Investments Group
United Kingdom
– -$411 -27 Closed
AWM
98
Avior Wealth Management
Nebraska
– -$15 -1 Closed
Zurich Cantonal Bank
99
Zurich Cantonal Bank
Switzerland
– -$2 – –
CAL
100
Capital Advisors Ltd
Ohio
– +$271 +19 New
1 2 3
4
5

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.