Noodles & Co
NDLS
85 hedge funds and large institutions have $314M invested in Noodles & Co in 2018 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 30 increasing their positions, 11 reducing their positions, and 10 closing their positions.
348% more call options, than puts
Call options by funds: $10.2M | Put options by funds: $2.28M
173% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 11
170% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 10
95% more capital invested
Capital invested by funds: $161M → $314M (+$153M)
25% more funds holding
Funds holding: 68 → 85 (+17)
1.01% more ownership
Funds ownership: 6.75% → 7.75% (+1%)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
+$13.5M |
| 2 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$3.54M |
| 3 |
TGM
Tenzing Global Management
San Francisco,
California
|
+$3.24M |
| 4 |
FA
Friess Associates
Greenville,
Delaware
|
+$2.22M |
| 5 |
GPCM
Granite Point Capital Management
Boston,
Massachusetts
|
+$1.99M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIC
Salem Investment Counselors
Winston Salem,
North Carolina
|
-$906K |
| 2 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$617K |
| 3 |
RA
Royce & Associates
New York
|
-$378K |
| 4 |
Goldman Sachs
New York
|
-$216K |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$180K |
NDLS Hedge Fund Activity: Q2 2018 in Review
85 of the 4,385 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q2 2018, worth a combined $314M — up 95% from $161M a quarter earlier.
Buyers outnumbered sellers: 27 funds opened new NDLS positions and 10 closed out — a net gain of 17 holders — while 30 added to existing stakes and 11 trimmed.
The largest buyer was Public Sector Pension Investment Board (PSP Investments), adding an estimated $13.5M. The largest seller was Salem Investment Counselors, exiting entirely with an estimated $906K sold.
- 85 institutional investors held Noodles & Co (NDLS) as of Q2 2018, up from 68 in Q1 2018.
- Funds reported $314M of Noodles & Co stock for Q2 2018, up 95% quarter-over-quarter.
- 27 funds opened new Noodles & Co positions in Q2 2018 and 10 closed out, a net change of +17 holders.
- The largest Noodles & Co buyer in Q2 2018 was Public Sector Pension Investment Board (PSP Investments), an estimated $13.5M added.
- The largest Noodles & Co seller in Q2 2018 was Salem Investment Counselors, an estimated $906K sold.
Based on aggregated 13F filings for Q2 2018.