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Noodles & Co
NDLS

78 hedge funds and large institutions have $107M invested in Noodles & Co in 2016 Q3 according to their latest regulatory filings, with 16 funds opening new positions, 16 increasing their positions, 28 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

6% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 17

1% less funds holding

Funds holding: 79 → 78 (-1)

30% less call options, than puts

Call options by funds: $346K | Put options by funds: $494K

43% less repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 28

57% less capital invested

Capital invested by funds: $249M → $107M (-$142M)

Holders
78
Holders Change
-1
Holders Change %
-1.27%
% of All Funds
2.08%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
16
Increased
16
Reduced
28
Closed
17
Calls
$346K
Puts
$494K
Net Calls
-$148K
Net Calls Change
+$133K

Top Buyers

1
PP
Prospector Partners
Connecticut
+$2.18M
2
Renaissance Technologies
Renaissance Technologies
New York
+$1.25M
3
MPEM
Marathon Partners Equity Management
New York
+$1.1M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
+$422K
5
Two Sigma Investments
Two Sigma Investments
New York
+$316K

Top Sellers

1
RP
Riverbridge Partners
Minnesota
-$11.6M
2
ClearBridge Investments
ClearBridge Investments
New York
-$11.3M
3
1WCM
12 West Capital Management
New York
-$3.56M
4
GTP
Global Thematic Partners
New York
-$3.13M
5
Northern Trust
Northern Trust
Illinois
-$1.49M
Name Holding Trade Value Shares
Change 		Change in
Stake
CMC
1
Catterton Management Company
Connecticut
$32.5M – – –
Public Sector Pension Investment Board (PSP Investments)
2
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$32.1M +$18.6K +318 +0%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$18.7M – – –
Vanguard Group
4
Vanguard Group
Pennsylvania
$4.46M -$478K -8,152 -7%
MPEM
5
Marathon Partners Equity Management
New York
$2.86M +$1.1M +18,750 +33%
NAM
6
Netols Asset Management
Wisconsin
$2.42M -$83.2K -1,420 -2%
BIT
7
BlackRock Institutional Trust
California
$2.05M -$4.87K -83 -0.2%
BFA
8
BlackRock Fund Advisors
California
$1.52M +$161K +2,748 +7%
PP
9
Prospector Partners
Connecticut
$1.42M +$2.18M +37,225 New
EA
10
Emerald Acquisition
Washington
$1.18M -$883K -15,056 -33%
Northern Trust
11
Northern Trust
Illinois
$815K -$1.49M -25,399 -54%
State Street
12
State Street
Massachusetts
$814K +$16.5K +282 +1%
Renaissance Technologies
13
Renaissance Technologies
New York
$810K +$1.25M +21,275 New
Geode Capital Management
14
Geode Capital Management
Massachusetts
$665K +$586 +10 +0.1%
Deutsche Bank
15
Deutsche Bank
Germany
$434K -$159K -2,707 -19%
ICM
16
IMS Capital Management
Oregon
$406K -$221K -3,766 -26%
Jacobs Levy Equity Management
17
Jacobs Levy Equity Management
New Jersey
$274K +$422K +7,200 New
Bank of New York Mellon
18
Bank of New York Mellon
New York
$229K -$243K -4,142 -41%
BIM
19
BlackRock Investment Management
Delaware
$216K -$469 -8 -0.1%
Two Sigma Investments
20
Two Sigma Investments
New York
$205K +$316K +5,391 New
Cambridge Investment Research Advisors
21
Cambridge Investment Research Advisors
Iowa
$191K +$3.69K +63 +1%
Susquehanna International Group
22
Susquehanna International Group
Pennsylvania
$161K +$248K +4,223 New
VKH
23
Virtu KCG Holdings
New York
$152K +$234K +3,997 New
PPA
24
Parametric Portfolio Associates
Washington
$151K -$124K -2,114 -35%
DTL
25
Dynamic Technology Lab
Singapore
$147K +$226K +3,862 New
1
2 3 4

NDLS Hedge Fund Activity: Q3 2016 in Review

78 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q3 2016, worth a combined $107M — down 57% from $249M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of NDLS and 16 opened new positions — a net loss of 1 holder — while 28 trimmed existing stakes and 16 added.

The largest buyer was Prospector Partners, opening a new position worth an estimated $2.18M. The largest seller was Riverbridge Partners, exiting entirely with an estimated $11.6M sold.

  • 78 institutional investors held Noodles & Co (NDLS) as of Q3 2016, down from 79 in Q2 2016.
  • Funds reported $107M of Noodles & Co stock for Q3 2016, down 57% quarter-over-quarter.
  • 16 funds opened new Noodles & Co positions in Q3 2016 and 17 closed out, a net change of -1 holder.
  • The largest Noodles & Co buyer in Q3 2016 was Prospector Partners, an estimated $2.18M added.
  • The largest Noodles & Co seller in Q3 2016 was Riverbridge Partners, an estimated $11.6M sold.

Based on aggregated 13F filings for Q3 2016.