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Noodles & Co
NDLS

115 hedge funds and large institutions have $210M invested in Noodles & Co in 2018 Q4 according to their latest regulatory filings, with 26 funds opening new positions, 41 increasing their positions, 29 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

73% more first-time investments, than exits

New positions opened: 26 | Existing positions closed: 15

41% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 29

11% more funds holding

Funds holding: 104 → 115 (+11)

0.35% less ownership

Funds ownership: 8.91% → 8.56% (-0.35%)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

44% less capital invested

Capital invested by funds: $378M → $210M (-$167M)

83% less call options, than puts

Call options by funds: $1.45M | Put options by funds: $8.49M

Holders
115
Holders Change
+11
Holders Change %
+10.58%
% of All Funds
2.56%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
26
Increased
41
Reduced
29
Closed
15
Calls
$1.45M
Puts
$8.49M
Net Calls
-$7.03M
Net Calls Change
-$9.1M

Top Buyers

1
Alyeska Investment Group
Alyeska Investment Group
Illinois
+$7.96M
2
SCM
SG Capital Management
Illinois
+$6.63M
3
LCM
Laurion Capital Management
New York
+$5.27M
4
OAM
Oxford Asset Management
United Kingdom
+$2.69M
5
EA
Emerald Advisers
Pennsylvania
+$2.66M

Top Sellers

1
MRCM
Mill Road Capital Management
Connecticut
-$17.3M
2
Public Sector Pension Investment Board (PSP Investments)
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
-$17.3M
3
PC
Pier Capital
Connecticut
-$6.37M
4
Marshall Wace
Marshall Wace
United Kingdom
-$5.33M
5
Fidelity International
Fidelity International
Bermuda
-$4.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
LTFS
101
Ladenburg Thalmann Financial Services
Florida
$29K – – –
Citigroup
102
Citigroup
New York
$21K -$7.37K -99 -20%
Bank of Montreal
103
Bank of Montreal
Ontario, Canada
$19K +$968 +13 +4%
Legal & General Group
104
Legal & General Group
United Kingdom
$16K – – –
AIP
105
Ameritas Investment Partners
Nebraska
$7K – – –
Federated Hermes
106
Federated Hermes
Pennsylvania
$7K +$4.02K +54 +83%
Royal Bank of Canada
107
Royal Bank of Canada
Ontario, Canada
$3K -$24.7K -332 -87%
AG
108
Advisor Group
Arizona
$2K – – –
TRCT
109
Tower Research Capital (TRC)
New York
$2K +$2.6K +35 New
BNP Paribas Financial Markets
110
BNP Paribas Financial Markets
France
$1.46K -$2.01K -27 -51%
PA
111
Parallel Advisors
California
$1K – – –
PC
112
Pier Capital
Connecticut
– -$6.37M -65,844 Closed
Fidelity International
113
Fidelity International
Bermuda
– -$4.21M -43,477 Closed
IECM
114
Intrinsic Edge Capital Management
Illinois
– -$3.99M -41,250 Closed
EI
115
EAM Investors
California
– -$1.92M -19,879 Closed
1C
116
1060 Capital
Colorado
– -$1.46M -15,076 Closed
EGI
117
EAM Global Investors
California
– -$1.27M -13,099 Closed
IA
118
IFP Advisors
Florida
– -$448K -6,019 -100%
EGM
119
Engineers Gate Manager
New York
– -$552K -5,706 Closed
PNC Financial Services Group
120
PNC Financial Services Group
Pennsylvania
– -$489K -5,056 Closed
Renaissance Technologies
121
Renaissance Technologies
New York
– -$438K -4,523 Closed
Susquehanna International Group
122
Susquehanna International Group
Pennsylvania
– -$176K -2,359 Closed
JG
123
Jefferies Group
New York
– -$211K -2,184 Closed
US Bancorp
124
US Bancorp
Minnesota
– -$38K -389 Closed
DWA
125
Dorsey Wright & Associates
California
– -$22K -228 Closed
2 3 4
5
6

NDLS Hedge Fund Activity: Q4 2018 in Review

115 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q4 2018, worth a combined $210M — down 44% from $378M a quarter earlier.

Buyers outnumbered sellers: 26 funds opened new NDLS positions and 15 closed out — a net gain of 11 holders — while 41 added to existing stakes and 29 trimmed.

The largest buyer was Alyeska Investment Group, opening a new position worth an estimated $7.96M. The largest seller was Mill Road Capital Management, cutting an estimated $17.3M.

  • 115 institutional investors held Noodles & Co (NDLS) as of Q4 2018, up from 104 in Q3 2018.
  • Funds reported $210M of Noodles & Co stock for Q4 2018, down 44% quarter-over-quarter.
  • 26 funds opened new Noodles & Co positions in Q4 2018 and 15 closed out, a net change of +11 holders.
  • The largest Noodles & Co buyer in Q4 2018 was Alyeska Investment Group, an estimated $7.96M added.
  • The largest Noodles & Co seller in Q4 2018 was Mill Road Capital Management, an estimated $17.3M sold.

Based on aggregated 13F filings for Q4 2018.