Noodles & Co

NDLS

Market cap $65.5M

NDLS Hedge Fund Activity: Q1 2026 in Review

32 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q1 2026, worth a combined $17.1M — up 53% from $11.1M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of NDLS and 8 opened new positions — a net loss of 9 holders — while 11 trimmed existing stakes and 10 added.

The largest buyer was Nantahala Capital Management, adding an estimated $226K. The largest seller was Northern Trust, exiting entirely with an estimated $94.4K sold.

• 32 institutional investors held Noodles & Co (NDLS) as of Q1 2026, down from 42 in Q4 2025.
• Funds reported $17.1M of Noodles & Co stock for Q1 2026, up 53% quarter-over-quarter.
• 8 funds opened new Noodles & Co positions in Q1 2026 and 17 closed out, a net change of -9 holders.
• The largest Noodles & Co buyer in Q1 2026 was Nantahala Capital Management, an estimated $226K added.
• The largest Noodles & Co seller in Q1 2026 was Northern Trust, an estimated $94.4K sold.

Based on aggregated 13F filings for Q1 2026.