Noodles & Co
NDLS
88 hedge funds and large institutions have $361M invested in Noodles & Co in 2015 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 25 increasing their positions, 40 reducing their positions, and 17 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 1 → 3 (+2)
4% less capital invested
Capital invested by funds: $378M → $361M (-$16.7M)
8% less funds holding
Funds holding: 96 → 88 (-8)
25% less call options, than puts
Call options by funds: $1.67M | Put options by funds: $2.22M
38% less repeat investments, than reductions
Existing positions increased: 25 | Existing positions reduced: 40
41% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$10.3M |
| 2 |
MPEM
Marathon Partners Equity Management
New York
|
+$6.88M |
| 3 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
+$6.61M |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$2.22M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCG
Tremblant Capital Group
West Palm Beach,
Florida
|
-$17.4M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.62M |
| 3 |
Boston Partners
Boston,
Massachusetts
|
-$2.62M |
| 4 |
JGC
J. Goldman & Co
New York
|
-$2.58M |
| 5 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$1.66M |
NDLS Hedge Fund Activity: Q3 2015 in Review
88 of the 3,590 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q3 2015, worth a combined $361M — down 4.4% from $378M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of NDLS and 10 opened new positions — a net loss of 7 holders — while 40 trimmed existing stakes and 25 added.
The largest buyer was Fidelity Investments, adding an estimated $10.3M. The largest seller was Tremblant Capital Group, exiting entirely with an estimated $17.4M sold.
- 88 institutional investors held Noodles & Co (NDLS) as of Q3 2015, down from 96 in Q2 2015.
- Funds reported $361M of Noodles & Co stock for Q3 2015, down 4.4% quarter-over-quarter.
- 10 funds opened new Noodles & Co positions in Q3 2015 and 17 closed out, a net change of -7 holders.
- The largest Noodles & Co buyer in Q3 2015 was Fidelity Investments, an estimated $10.3M added.
- The largest Noodles & Co seller in Q3 2015 was Tremblant Capital Group, an estimated $17.4M sold.
Based on aggregated 13F filings for Q3 2015.