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Noodles & Co
NDLS

94 hedge funds and large institutions have $247M invested in Noodles & Co in 2019 Q2 according to their latest regulatory filings, with 16 funds opening new positions, 38 increasing their positions, 25 reducing their positions, and 20 closing their positions.

New
Increased
Maintained
Reduced
Closed

52% more repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 25

19% more capital invested

Capital invested by funds: $209M → $247M (+$38.7M)

0.2% more ownership

Funds ownership: 8.72% → 8.93% (+0.2%)

0% more funds holding in top 10

Funds holding in top 10: 5 → 5 (0)

9% less funds holding

Funds holding: 103 → 94 (-9)

20% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 20

46% less call options, than puts

Call options by funds: $191K | Put options by funds: $356K

Holders
94
Holders Change
-9
Holders Change %
-8.74%
% of All Funds
2.04%
Holding in Top 10
5
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.11%
New
16
Increased
38
Reduced
25
Closed
20
Calls
$191K
Puts
$356K
Net Calls
-$165K
Net Calls Change
+$5.76M

Top Buyers

1
BlackRock
BlackRock
New York
+$5.34M
2
IP
Isomer Partners
New York
+$3.79M
3
DLG
Daniel L. Goodwin
+$2.75M
4
MWNA
Marshall Wace North America
New York
+$2.62M
5
Calamos Advisors
Calamos Advisors
Illinois
+$2.56M

Top Sellers

1
DCM
Driehaus Capital Management
Illinois
-$5.04M
2
PI
PEAK6 Investments
Illinois
-$2.32M
3
HAI
Hennessy Advisors Inc
California
-$1.73M
4
CCPM
Cooper Creek Partners Management
New York
-$1.68M
5
HT
HAP Trading
New York
-$1.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
MRCM
1
Mill Road Capital Management
Connecticut
$37.9M – – –
Public Sector Pension Investment Board (PSP Investments)
2
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$24.5M – – –
WCM
3
Woodson Capital Management
Connecticut
$21.1M +$125K +2,170 +0.7%
BlackRock
4
BlackRock
New York
$16.1M +$5.34M +92,441 +57%
IP
5
Isomer Partners
New York
$13.4M +$3.79M +65,625 +45%
TGM
6
Tenzing Global Management
California
$13M – – –
Vanguard Group
7
Vanguard Group
Pennsylvania
$12M +$452K +7,824 +4%
ECP
8
Elk Creek Partners
Colorado
$8.52M +$2.36M +40,865 +43%
EA
9
Emerald Advisers
Pennsylvania
$8.02M -$160K -2,768 -2%
EMFAT
10
Emerald Mutual Fund Advisers Trust
Pennsylvania
$7.43M – – –
EVC
11
Eidelman Virant Capital
Missouri
$7.38M -$643K -11,124 -9%
CAM
12
Cortina Asset Management
Wisconsin
$6M -$40.9K -708 -0.7%
DLG
13
Daniel L. Goodwin
$5.85M +$2.75M +47,638 +105%
KCM
14
Kennedy Capital Management
Missouri
$4.87M -$221K -3,819 -5%
PP
15
Prospector Partners
Connecticut
$4.8M +$361K +6,250 +9%
Marshall Wace
16
Marshall Wace
United Kingdom
$4.53M +$518K +8,970 +14%
Dimensional Fund Advisors
17
Dimensional Fund Advisors
Texas
$3.89M +$619K +10,715 +21%
Geode Capital Management
18
Geode Capital Management
Massachusetts
$3.79M +$596K +10,314 +21%
State Street
19
State Street
Massachusetts
$3.65M +$1.5M +25,903 +81%
Russell Investments Group
20
Russell Investments Group
United Kingdom
$3.36M -$1.39M -24,079 -31%
Two Sigma Advisers
21
Two Sigma Advisers
New York
$2.93M -$339K -5,862 -11%
MWNA
22
Marshall Wace North America
New York
$2.93M +$2.62M +45,308 +3,919%
Calamos Advisors
23
Calamos Advisors
Illinois
$2.79M +$2.56M +44,240 New
D.E. Shaw & Co
24
D.E. Shaw & Co
New York
$2.73M +$744K +12,867 +42%
Wells Fargo
25
Wells Fargo
California
$1.94M +$321K +5,561 +22%
1
2 3 4 5

NDLS Hedge Fund Activity: Q2 2019 in Review

94 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q2 2019, worth a combined $247M — up 19% from $209M a quarter earlier.

Sellers outnumbered buyers: 20 funds closed out of NDLS and 16 opened new positions — a net loss of 4 holders — while 25 trimmed existing stakes and 38 added.

The largest buyer was BlackRock, adding an estimated $5.34M. The largest seller was Driehaus Capital Management, exiting entirely with an estimated $5.04M sold.

  • 94 institutional investors held Noodles & Co (NDLS) as of Q2 2019, down from 103 in Q1 2019.
  • Funds reported $247M of Noodles & Co stock for Q2 2019, up 19% quarter-over-quarter.
  • 16 funds opened new Noodles & Co positions in Q2 2019 and 20 closed out, a net change of -4 holders.
  • The largest Noodles & Co buyer in Q2 2019 was BlackRock, an estimated $5.34M added.
  • The largest Noodles & Co seller in Q2 2019 was Driehaus Capital Management, an estimated $5.04M sold.

Based on aggregated 13F filings for Q2 2019.