Noodles & Co
NDLS
98 hedge funds and large institutions have $1.07B invested in Noodles & Co in 2014 Q1 according to their latest regulatory filings, with 27 funds opening new positions, 32 increasing their positions, 26 reducing their positions, and 24 closing their positions.
59% more capital invested
Capital invested by funds: $671M → $1.07B (+$397M)
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
23% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 26
13% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 24
2% more funds holding
Funds holding: 96 → 98 (+2)
3% less call options, than puts
Call options by funds: $8.96M | Put options by funds: $9.26M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
+$179M |
| 2 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$42.3M |
| 3 |
EAM
Eagle Asset Management
St Petersburg,
Florida
|
+$41.4M |
| 4 |
TCG
Tremblant Capital Group
West Palm Beach,
Florida
|
+$23.2M |
| 5 |
CAM
Cortina Asset Management
Milwaukee,
Wisconsin
|
+$20.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$35.2M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$5.15M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$4.95M |
| 4 |
MC
Maplelane Capital
New York
|
-$4.67M |
| 5 |
LCM
Laurion Capital Management
New York
|
-$3.56M |
NDLS Hedge Fund Activity: Q1 2014 in Review
98 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q1 2014, worth a combined $1.07B — up 59% from $671M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new NDLS positions and 24 closed out — a net gain of 3 holders — while 32 added to existing stakes and 26 trimmed.
The largest buyer was Public Sector Pension Investment Board (PSP Investments), adding an estimated $179M. The largest seller was Fidelity Investments, exiting entirely with an estimated $35.2M sold.
- 98 institutional investors held Noodles & Co (NDLS) as of Q1 2014, up from 96 in Q4 2013.
- Funds reported $1.07B of Noodles & Co stock for Q1 2014, up 59% quarter-over-quarter.
- 27 funds opened new Noodles & Co positions in Q1 2014 and 24 closed out, a net change of +3 holders.
- The largest Noodles & Co buyer in Q1 2014 was Public Sector Pension Investment Board (PSP Investments), an estimated $179M added.
- The largest Noodles & Co seller in Q1 2014 was Fidelity Investments, an estimated $35.2M sold.
Based on aggregated 13F filings for Q1 2014.