Noodles & Co
NDLS
84 hedge funds and large institutions have $178M invested in Noodles & Co in 2020 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 35 increasing their positions, 22 reducing their positions, and 18 closing their positions.
17,848% more call options, than puts
Call options by funds: $4.49M | Put options by funds: $25K
59% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 22
19% more capital invested
Capital invested by funds: $150M → $178M (+$28.2M)
0.7% less ownership
Funds ownership: 9.04% → 8.34% (-0.7%)
5% less funds holding
Funds holding: 88 → 84 (-4)
17% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 18
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$3.71M |
| 2 |
AIC
AWM Investment Company
New York
|
+$2.07M |
| 3 |
RA
Royce & Associates
New York
|
+$1.99M |
| 4 |
WCM
Woodson Capital Management
Greenwich,
Connecticut
|
+$1.72M |
| 5 |
SRAM
Spouting Rock Asset Management
Bryn Mawr,
Pennsylvania
|
+$919K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TGM
Tenzing Global Management
San Francisco,
California
|
-$10.4M |
| 2 |
CCPM
Cooper Creek Partners Management
New York
|
-$2.12M |
| 3 |
Jane Street
New York
|
-$2.04M |
| 4 |
Millennium Management
New York
|
-$731K |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$605K |
NDLS Hedge Fund Activity: Q2 2020 in Review
84 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q2 2020, worth a combined $178M — up 19% from $150M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of NDLS and 15 opened new positions — a net loss of 3 holders — while 22 trimmed existing stakes and 35 added.
The largest buyer was Fidelity Investments, adding an estimated $3.71M. The largest seller was Tenzing Global Management, exiting entirely with an estimated $10.4M sold.
- 84 institutional investors held Noodles & Co (NDLS) as of Q2 2020, down from 88 in Q1 2020.
- Funds reported $178M of Noodles & Co stock for Q2 2020, up 19% quarter-over-quarter.
- 15 funds opened new Noodles & Co positions in Q2 2020 and 18 closed out, a net change of -3 holders.
- The largest Noodles & Co buyer in Q2 2020 was Fidelity Investments, an estimated $3.71M added.
- The largest Noodles & Co seller in Q2 2020 was Tenzing Global Management, an estimated $10.4M sold.
Based on aggregated 13F filings for Q2 2020.