Noodles & Co
NDLS
74 hedge funds and large institutions have $73.4M invested in Noodles & Co in 2023 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 27 increasing their positions, 25 reducing their positions, and 30 closing their positions.
8% more repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 25
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
1.09% less ownership
Funds ownership: 9.12% → 8.03% (-1.1%)
22% less funds holding
Funds holding: 95 → 74 (-21)
36% less capital invested
Capital invested by funds: $114M → $73.4M (-$40.9M)
61% less call options, than puts
Call options by funds: $135K | Put options by funds: $348K
70% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NCM
Nantahala Capital Management
New Canaan,
Connecticut
|
+$7.52M |
| 2 |
ICM
Invenomic Capital Management
Boston,
Massachusetts
|
+$2.54M |
| 3 |
MRCM
Mill Road Capital Management
Greenwich,
Connecticut
|
+$2.27M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
+$1.02M |
| 5 |
F1I
Fund 1 Investments
Rincon,
Puerto Rico
|
+$861K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$6.56M |
| 2 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
-$5.14M |
| 3 |
SAM
Silvercrest Asset Management
New York
|
-$3.85M |
| 4 |
AIC
AWM Investment Company
New York
|
-$3.04M |
| 5 |
HIM
Hillsdale Investment Management
Toronto,
Ontario, Canada
|
-$2.78M |
NDLS Hedge Fund Activity: Q3 2023 in Review
74 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q3 2023, worth a combined $73.4M — down 36% from $114M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of NDLS and 9 opened new positions — a net loss of 21 holders — while 25 trimmed existing stakes and 27 added.
The largest buyer was Nantahala Capital Management, adding an estimated $7.52M. The largest seller was Fidelity Investments, cutting an estimated $6.56M.
- 74 institutional investors held Noodles & Co (NDLS) as of Q3 2023, down from 95 in Q2 2023.
- Funds reported $73.4M of Noodles & Co stock for Q3 2023, down 36% quarter-over-quarter.
- 9 funds opened new Noodles & Co positions in Q3 2023 and 30 closed out, a net change of -21 holders.
- The largest Noodles & Co buyer in Q3 2023 was Nantahala Capital Management, an estimated $7.52M added.
- The largest Noodles & Co seller in Q3 2023 was Fidelity Investments, an estimated $6.56M sold.
Based on aggregated 13F filings for Q3 2023.