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Noodles & Co

95 hedge funds and large institutions have $114M invested in Noodles & Co in 2023 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 40 increasing their positions, 31 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 31

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.8% less ownership

Funds ownership: 9.92%9.12% (-0.8%)

10% less funds holding

Funds holding: 10695 (-11)

35% less capital invested

Capital invested by funds: $177M → $114M (-$62.8M)

52% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 21

93% less call options, than puts

Call options by funds: $195K | Put options by funds: $2.85M

Holders
95
Holders Change
-11
Holders Change %
-10.38%
% of All Funds
1.49%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
10
Increased
40
Reduced
31
Closed
21
Calls
$195K
Puts
$2.85M
Net Calls
-$2.65M
Net Calls Change
+$1.5M
Name Holding Trade Value Shares
Change
Change in
Stake
MRCM
1
Mill Road Capital Management
Connecticut
$20.9M +$1.49M +45,571 +6%
Fidelity Investments
2
Fidelity Investments
Massachusetts
$16.2M -$6.09M -186,477 -24%
BlackRock
3
BlackRock
New York
$8.82M +$583K +17,864 +6%
Vanguard Group
4
Vanguard Group
Pennsylvania
$7.59M -$24.8K -758 -0.3%
RA
5
Royce & Associates
New York
$6.3M +$449K +13,750 +6%
WA
6
Wasatch Advisors
Utah
$5.14M +$594K +18,200 +11%
KCM
7
Kennedy Capital Management
Missouri
$4.32M +$1.08M +32,984 +26%
SAM
8
Silvercrest Asset Management
New York
$3.85M +$659K +20,168 +16%
NCM
9
Nantahala Capital Management
Connecticut
$3.38M +$4.08M +125,000 New
PAIM
10
Punch & Associates Investment Management
Minnesota
$3.15M +$48.6K +1,487 +1%
AIC
11
AWM Investment Company
New York
$3.04M +$976K +29,875 +36%
HIM
12
Hillsdale Investment Management
Ontario, Canada
$2.78M +$3.26M +99,975 +3,571%
Geode Capital Management
13
Geode Capital Management
Massachusetts
$2.52M -$6.17K -189 -0.2%
State Street
14
State Street
Massachusetts
$2.26M +$31.8K +974 +1%
Dimensional Fund Advisors
15
Dimensional Fund Advisors
Texas
$2.15M -$321K -9,836 -11%
D.E. Shaw & Co
16
D.E. Shaw & Co
New York
$2.12M +$650K +19,907 +34%
First Eagle Investment Management
17
First Eagle Investment Management
New York
$1.53M +$50.2K +1,537 +3%
Susquehanna International Group
18
Susquehanna International Group
Pennsylvania
$1.34M +$1.09M +33,455 +209%
Arrowstreet Capital
19
Arrowstreet Capital
Massachusetts
$1.27M +$704K +21,569 +85%
PP
20
Prospector Partners
Connecticut
$1.17M -$954K -29,224 -40%
Northern Trust
21
Northern Trust
Illinois
$1.13M -$3.23K -99 -0.2%
N
22
Nuveen
North Carolina
$816K
Citadel Advisors
23
Citadel Advisors
Florida
$555K -$192K -5,887 -22%
AQR Capital Management
24
AQR Capital Management
Connecticut
$528K -$204K -6,262 -24%
TIM
25
Thompson Investment Management
Wisconsin
$526K +$111K +3,400 +21%

NDLS Hedge Fund Activity: Q2 2023 in Review

95 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q2 2023, worth a combined $114M — down 35% from $177M a quarter earlier.

Sellers outnumbered buyers: 21 funds closed out of NDLS and 10 opened new positions — a net loss of 11 holders — while 31 trimmed existing stakes and 40 added.

The largest buyer was Nantahala Capital Management, opening a new position worth an estimated $4.08M. The largest seller was Woodson Capital Management, exiting entirely with an estimated $7.03M sold.

  • 95 institutional investors held Noodles & Co (NDLS) as of Q2 2023, down from 106 in Q1 2023.
  • Funds reported $114M of Noodles & Co stock for Q2 2023, down 35% quarter-over-quarter.
  • 10 funds opened new Noodles & Co positions in Q2 2023 and 21 closed out, a net change of -11 holders.
  • The largest Noodles & Co buyer in Q2 2023 was Nantahala Capital Management, an estimated $4.08M added.
  • The largest Noodles & Co seller in Q2 2023 was Woodson Capital Management, an estimated $7.03M sold.

Based on aggregated 13F filings for Q2 2023.