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Noodles & Co

72 hedge funds and large institutions have $92.6M invested in Noodles & Co in 2016 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 25 increasing their positions, 20 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% more repeat investments, than reductions

Existing positions increased: 25 | Existing positions reduced: 20

10.71% more ownership

Funds ownership: 0%10.71% (+11%)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

8% less funds holding

Funds holding: 7872 (-6)

14% less capital invested

Capital invested by funds: $107M → $92.6M (-$14.7M)

36% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 14

44% less call options, than puts

Call options by funds: $216K | Put options by funds: $384K

Holders
72
Holders Change
-6
Holders Change %
-7.69%
% of All Funds
1.8%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
9
Increased
25
Reduced
20
Closed
14
Calls
$216K
Puts
$384K
Net Calls
-$168K
Net Calls Change
-$20K
Name Holding Trade Value Shares
Change
Change in
Stake
CMC
1
Catterton Management Company
Connecticut
$28M
Public Sector Pension Investment Board (PSP Investments)
2
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$27.7M
Fidelity Investments
3
Fidelity Investments
Massachusetts
$16.2M +$92.7K +2,588 +0.5%
NAM
4
Netols Asset Management
Wisconsin
$3.5M +$1.55M +43,136 +68%
Russell Investments Group
5
Russell Investments Group
United Kingdom
$2.02M +$2.1M +58,674 New
BIT
6
BlackRock Institutional Trust
California
$1.7M -$74.3K -2,073 -4%
Renaissance Technologies
7
Renaissance Technologies
New York
$1.62M +$1.01M +28,200 +133%
Vanguard Group
8
Vanguard Group
Pennsylvania
$1.54M -$2.51M -70,069 -60%
BFA
9
BlackRock Fund Advisors
California
$1.52M +$221K +6,171 +15%
PP
10
Prospector Partners
Connecticut
$973K -$271K -7,550 -20%
ICM
11
IMS Capital Management
Oregon
$906K +$608K +16,975 +159%
State Street
12
State Street
Massachusetts
$675K -$31.3K -873 -4%
Northern Trust
13
Northern Trust
Illinois
$620K -$89.2K -2,488 -12%
Geode Capital Management
14
Geode Capital Management
Massachusetts
$587K +$15.8K +440 +3%
SIM
15
Spark Investment Management
New York
$557K +$521K +14,537 +590%
Jacobs Levy Equity Management
16
Jacobs Levy Equity Management
New Jersey
$382K +$159K +4,437 +62%
PGCM
17
Prescott Group Capital Management
Oklahoma
$382K +$417K +11,649 New
Susquehanna International Group
18
Susquehanna International Group
Pennsylvania
$287K +$163K +4,536 +107%
Two Sigma Investments
19
Two Sigma Investments
New York
$260K +$91.3K +2,547 +47%
Federated Hermes
20
Federated Hermes
Pennsylvania
$244K +$266K +7,436 New
Bank of New York Mellon
21
Bank of New York Mellon
New York
$236K +$42.7K +1,191 +20%
Morgan Stanley
22
Morgan Stanley
New York
$231K +$171K +4,786 +212%
BIM
23
BlackRock Investment Management
Delaware
$186K
TCIM
24
TIAA CREF Investment Management
New York
$146K -$3.94K -110 -2%
PPA
25
Parametric Portfolio Associates
Washington
$143K +$14.1K +393 +10%

NDLS Hedge Fund Activity: Q4 2016 in Review

72 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q4 2016, worth a combined $92.6M — down 14% from $107M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of NDLS and 9 opened new positions — a net loss of 5 holders — while 20 trimmed existing stakes and 25 added.

The largest buyer was Netols Asset Management, adding an estimated $1.55M. The largest seller was Marathon Partners Equity Management, exiting entirely with an estimated $2.86M sold.

  • 72 institutional investors held Noodles & Co (NDLS) as of Q4 2016, down from 78 in Q3 2016.
  • Funds reported $92.6M of Noodles & Co stock for Q4 2016, down 14% quarter-over-quarter.
  • 9 funds opened new Noodles & Co positions in Q4 2016 and 14 closed out, a net change of -5 holders.
  • The largest Noodles & Co buyer in Q4 2016 was Netols Asset Management, an estimated $1.55M added.
  • The largest Noodles & Co seller in Q4 2016 was Marathon Partners Equity Management, an estimated $2.86M sold.

Based on aggregated 13F filings for Q4 2016.