Noodles & Co
NDLS
103 hedge funds and large institutions have $209M invested in Noodles & Co in 2019 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 31 increasing their positions, 35 reducing their positions, and 25 closing their positions.
67% more funds holding in top 10
Funds holding in top 10: 3 → 5 (+2)
0.17% more ownership
Funds ownership: 8.56% → 8.72% (+0.17%)
1% less capital invested
Capital invested by funds: $210M → $209M (-$1.69M)
10% less funds holding
Funds holding: 115 → 103 (-12)
11% less repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 35
44% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 25
81% less call options, than puts
Call options by funds: $1.4M | Put options by funds: $7.33M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCM
Woodson Capital Management
Greenwich,
Connecticut
|
+$19.2M |
| 2 |
IP
Isomer Partners
New York
|
+$8.48M |
| 3 |
ECP
Elk Creek Partners
Denver,
Colorado
|
+$5.44M |
| 4 |
TGM
Tenzing Global Management
San Francisco,
California
|
+$4.33M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$2.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
-$9.02M |
| 2 |
SCM
SG Capital Management
Chicago,
Illinois
|
-$7.2M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
-$5.98M |
| 4 |
LCM
Laurion Capital Management
New York
|
-$3.96M |
| 5 |
CM
Castleark Management
Chicago,
Illinois
|
-$3.86M |
NDLS Hedge Fund Activity: Q1 2019 in Review
103 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q1 2019, worth a combined $209M — down 0.8% from $210M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of NDLS and 14 opened new positions — a net loss of 11 holders — while 35 trimmed existing stakes and 31 added.
The largest buyer was Woodson Capital Management, opening a new position worth an estimated $19.2M. The largest seller was Public Sector Pension Investment Board (PSP Investments), cutting an estimated $9.02M.
- 103 institutional investors held Noodles & Co (NDLS) as of Q1 2019, down from 115 in Q4 2018.
- Funds reported $209M of Noodles & Co stock for Q1 2019, down 0.8% quarter-over-quarter.
- 14 funds opened new Noodles & Co positions in Q1 2019 and 25 closed out, a net change of -11 holders.
- The largest Noodles & Co buyer in Q1 2019 was Woodson Capital Management, an estimated $19.2M added.
- The largest Noodles & Co seller in Q1 2019 was Public Sector Pension Investment Board (PSP Investments), an estimated $9.02M sold.
Based on aggregated 13F filings for Q1 2019.