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.
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)
Top Buyers
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$29.3M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$1.94M |
| 3 |
TGM
Tenzing Global Management
San Francisco,
California
|
+$1.83M |
| 4 |
RA
Royce & Associates
New York
|
+$1.25M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$1.13M |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CSS
101
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$44K | -1,002 | Closed |
|
|
PHK
102
Point72 Hong Kong
Hong Kong
| – | -$23K | -528 | Closed |
|
103
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$20K | -453 | Closed |
|
|
TRCT
104
Tower Research Capital (TRC)
New York
| – | -$10K | -221 | Closed |
|
|
PA
105
Parallel Advisors
San Francisco,
California
| – | -$1K | -31 | Closed |
|
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.