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Noodles & Co
NDLS

88 hedge funds and large institutions have $150M invested in Noodles & Co in 2020 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 30 increasing their positions, 34 reducing their positions, and 18 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,609% more call options, than puts

Call options by funds: $974K | Put options by funds: $57K

0.52% more ownership

Funds ownership: 8.52% → 9.04% (+0.52%)

4% less funds holding

Funds holding: 92 → 88 (-4)

10% less capital invested

Capital invested by funds: $167M → $150M (-$16.3M)

12% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 34

17% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 18

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

Holders
88
Holders Change
-4
Holders Change %
-4.35%
% of All Funds
1.94%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.07%
New
15
Increased
30
Reduced
34
Closed
18
Calls
$974K
Puts
$57K
Net Calls
+$917K
Net Calls Change
-$36K

Top Buyers

1
Fidelity Investments
Fidelity Investments
Massachusetts
+$29.3M
2
N
Nuveen
North Carolina
+$1.94M
3
TGM
Tenzing Global Management
California
+$1.83M
4
RA
Royce & Associates
New York
+$1.25M
5
Marshall Wace
Marshall Wace
United Kingdom
+$1.13M

Top Sellers

1
Public Sector Pension Investment Board (PSP Investments)
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
-$8.94M
2
CCPM
Cooper Creek Partners Management
New York
-$7.48M
3
IECM
Intrinsic Edge Capital Management
Illinois
-$2.53M
4
EVC
Eidelman Virant Capital
Missouri
-$1.45M
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$1.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$20.7M +$29.3M +549,497 +2,197,988%
WCM
2
Woodson Capital Management
Connecticut
$16.5M +$1M +18,750 +4%
TGM
3
Tenzing Global Management
California
$10.4M +$1.83M +34,257 +14%
BlackRock
4
BlackRock
New York
$9.77M +$36.2K +677 +0.3%
IP
5
Isomer Partners
New York
$8.48M +$334K +6,250 +3%
Vanguard Group
6
Vanguard Group
Pennsylvania
$7.52M +$190K +3,566 +2%
ECP
7
Elk Creek Partners
Colorado
$6.99M +$490K +9,171 +5%
RRCP
8
Rip Road Capital Partners
Massachusetts
$6.6M +$487K +9,125 +5%
EA
9
Emerald Advisers
Pennsylvania
$4.63M +$4.59K +86 +0.1%
EMFAT
10
Emerald Mutual Fund Advisers Trust
Pennsylvania
$4.37M -$96.7K -1,810 -2%
KCM
11
Kennedy Capital Management
Missouri
$4.06M +$166K +3,106 +3%
DLG
12
Daniel L. Goodwin
$3.29M -$300K -5,625 -6%
PP
13
Prospector Partners
Connecticut
$3.17M -$328K -6,134 -7%
SAM
14
Silvercrest Asset Management
New York
$2.99M -$40.8K -764 -1%
Dimensional Fund Advisors
15
Dimensional Fund Advisors
Texas
$2.66M +$98.2K +1,839 +3%
PC
16
Plaisance Capital
Colorado
$2.58M +$3.65M +68,405 New
Marshall Wace
17
Marshall Wace
United Kingdom
$2.41M +$1.13M +21,241 +50%
State Street
18
State Street
Massachusetts
$2.38M -$90.2K -1,689 -3%
RA
19
Royce & Associates
New York
$2.19M +$1.25M +23,354 +67%
Geode Capital Management
20
Geode Capital Management
Massachusetts
$2.17M -$92.5K -1,732 -3%
CCPM
21
Cooper Creek Partners Management
New York
$2.12M -$7.48M -140,062 -71%
Jane Street
22
Jane Street
New York
$2.04M -$214K -4,002 -7%
TAM
23
THB Asset Management
Connecticut
$1.81M +$80.2K +1,501 +3%
N
24
Nuveen
North Carolina
$1.79M +$1.94M +36,247 +321%
Northern Trust
25
Northern Trust
Illinois
$1.66M +$139K +2,597 +6%
1
2 3 4 5

NDLS Hedge Fund Activity: Q1 2020 in Review

88 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q1 2020, worth a combined $150M — down 9.8% from $167M a quarter earlier.

Sellers outnumbered buyers: 18 funds closed out of NDLS and 15 opened new positions — a net loss of 3 holders — while 34 trimmed existing stakes and 30 added.

The largest buyer was Fidelity Investments, adding an estimated $29.3M. The largest seller was Public Sector Pension Investment Board (PSP Investments), exiting entirely with an estimated $8.94M sold.

  • 88 institutional investors held Noodles & Co (NDLS) as of Q1 2020, down from 92 in Q4 2019.
  • Funds reported $150M of Noodles & Co stock for Q1 2020, down 9.8% quarter-over-quarter.
  • 15 funds opened new Noodles & Co positions in Q1 2020 and 18 closed out, a net change of -3 holders.
  • The largest Noodles & Co buyer in Q1 2020 was Fidelity Investments, an estimated $29.3M added.
  • The largest Noodles & Co seller in Q1 2020 was Public Sector Pension Investment Board (PSP Investments), an estimated $8.94M sold.

Based on aggregated 13F filings for Q1 2020.