Noodles & Co
NDLS
78 hedge funds and large institutions have $237M invested in Noodles & Co in 2015 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 22 increasing their positions, 31 reducing their positions, and 18 closing their positions.
11% less funds holding
Funds holding: 88 → 78 (-10)
29% less repeat investments, than reductions
Existing positions increased: 22 | Existing positions reduced: 31
34% less capital invested
Capital invested by funds: $361M → $237M (-$124M)
49% less call options, than puts
Call options by funds: $730K | Put options by funds: $1.43M
56% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 18
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$6.75M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.81M |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$455K |
| 4 |
BIT
BlackRock Institutional Trust
San Francisco,
California
|
+$317K |
| 5 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
+$245K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Frontier Capital Management
Boston,
Massachusetts
|
-$11.7M |
| 2 |
MPEM
Marathon Partners Equity Management
New York
|
-$2.86M |
| 3 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
-$2.49M |
| 4 |
IMOV
Investment Management of Virginia
Richmond,
Virginia
|
-$1.18M |
| 5 |
RP
Riverbridge Partners
Minneapolis,
Minnesota
|
-$1.12M |
NDLS Hedge Fund Activity: Q4 2015 in Review
78 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q4 2015, worth a combined $237M — down 34% from $361M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of NDLS and 8 opened new positions — a net loss of 10 holders — while 31 trimmed existing stakes and 22 added.
The largest buyer was Fidelity Investments, adding an estimated $6.75M. The largest seller was Frontier Capital Management, exiting entirely with an estimated $11.7M sold.
- 78 institutional investors held Noodles & Co (NDLS) as of Q4 2015, down from 88 in Q3 2015.
- Funds reported $237M of Noodles & Co stock for Q4 2015, down 34% quarter-over-quarter.
- 8 funds opened new Noodles & Co positions in Q4 2015 and 18 closed out, a net change of -10 holders.
- The largest Noodles & Co buyer in Q4 2015 was Fidelity Investments, an estimated $6.75M added.
- The largest Noodles & Co seller in Q4 2015 was Frontier Capital Management, an estimated $11.7M sold.
Based on aggregated 13F filings for Q4 2015.