Noodles & Co
NDLS
93 hedge funds and large institutions have $401M invested in Noodles & Co in 2021 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 35 increasing their positions, 31 reducing their positions, and 12 closing their positions.
5,387% more call options, than puts
Call options by funds: $16M | Put options by funds: $291K
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
33% more capital invested
Capital invested by funds: $302M → $401M (+$99.1M)
25% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 12
13% more repeat investments, than reductions
Existing positions increased: 35 | Existing positions reduced: 31
2% more funds holding
Funds holding: 91 → 93 (+2)
0.09% less ownership
Funds ownership: 10.76% → 10.67% (-0.09%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$10.1M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$4.27M |
| 3 |
MHP
Manatuck Hill Partners
Westport,
Connecticut
|
+$3.02M |
| 4 |
Goldman Sachs
New York
|
+$2.44M |
| 5 |
Marshall Wace
London,
United Kingdom
|
+$1.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CMC
Catterton Management Company
Greenwich,
Connecticut
|
-$6.2M |
| 2 |
PP
Prudential plc
London, England,
United Kingdom
|
-$4.7M |
| 3 |
WCM
Woodson Capital Management
Greenwich,
Connecticut
|
-$2.19M |
| 4 |
CCM
CAAS Capital Management
New York
|
-$2.04M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.94M |
NDLS Hedge Fund Activity: Q1 2021 in Review
93 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q1 2021, worth a combined $401M — up 33% from $302M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new NDLS positions and 12 closed out — a net gain of 3 holders — while 35 added to existing stakes and 31 trimmed.
The largest buyer was Wasatch Advisors, opening a new position worth an estimated $10.1M. The largest seller was Catterton Management Company, exiting entirely with an estimated $6.2M sold.
- 93 institutional investors held Noodles & Co (NDLS) as of Q1 2021, up from 91 in Q4 2020.
- Funds reported $401M of Noodles & Co stock for Q1 2021, up 33% quarter-over-quarter.
- 15 funds opened new Noodles & Co positions in Q1 2021 and 12 closed out, a net change of +3 holders.
- The largest Noodles & Co buyer in Q1 2021 was Wasatch Advisors, an estimated $10.1M added.
- The largest Noodles & Co seller in Q1 2021 was Catterton Management Company, an estimated $6.2M sold.
Based on aggregated 13F filings for Q1 2021.