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Noodles & Co
NDLS

76 hedge funds and large institutions have $37.3M invested in Noodles & Co in 2024 Q2 according to their latest regulatory filings, with 23 funds opening new positions, 13 increasing their positions, 28 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

2,100% more call options, than puts

Call options by funds: $22K | Put options by funds: $1K

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

4% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 24

1% less funds holding

Funds holding: 77 → 76 (-1)

1.32% less ownership

Funds ownership: 7.82% → 6.5% (-1.3%)

31% less capital invested

Capital invested by funds: $53.8M → $37.3M (-$16.6M)

54% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 28

Holders
76
Holders Change
-1
Holders Change %
-1.3%
% of All Funds
1.1%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
23
Increased
13
Reduced
28
Closed
24
Calls
$22K
Puts
$1K
Net Calls
+$21K
Net Calls Change
+$85K

Top Buyers

1
Millennium Management
Millennium Management
New York
+$809K
2
NCM
Nantahala Capital Management
Connecticut
+$490K
3
AGM
Alpine Global Management
New York
+$252K
4
Jane Street
Jane Street
New York
+$218K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$173K

Top Sellers

1
BlackRock
BlackRock
New York
-$3.6M
2
ICM
Invenomic Capital Management
Massachusetts
-$1.34M
3
State Street
State Street
Massachusetts
-$963K
4
Geode Capital Management
Geode Capital Management
Massachusetts
-$732K
5
N
Nuveen
North Carolina
-$565K
Name Holding Trade Value Shares
Change 		Change in
Stake
MRCM
1
Mill Road Capital Management
Connecticut
$11M – – –
NCM
2
Nantahala Capital Management
Connecticut
$6.81M +$490K +34,375 +7%
RA
3
Royce & Associates
New York
$3.95M +$168K +11,775 +4%
Vanguard Group
4
Vanguard Group
Pennsylvania
$3.42M -$443K -31,035 -10%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$3.02M +$19K +1,334 +0.6%
Fuller & Thaler Asset Management
6
Fuller & Thaler Asset Management
California
$1.02M -$37.3K -2,616 -3%
BlackRock
7
BlackRock
New York
$950K -$3.6M -252,126 -77%
D.E. Shaw & Co
8
D.E. Shaw & Co
New York
$785K -$245K -17,208 -22%
Millennium Management
9
Millennium Management
New York
$717K +$809K +56,695 New
Geode Capital Management
10
Geode Capital Management
Massachusetts
$605K -$732K -51,341 -52%
Northern Trust
11
Northern Trust
Illinois
$426K -$77.2K -5,415 -14%
Goldman Sachs
12
Goldman Sachs
New York
$411K +$140K +9,840 +43%
KCM
13
Kennedy Capital Management
Missouri
$319K -$327K -22,919 -48%
Jane Street
14
Jane Street
New York
$276K +$218K +15,268 +232%
Dimensional Fund Advisors
15
Dimensional Fund Advisors
Texas
$270K -$193K -13,538 -39%
TIM
16
Thompson Investment Management
Wisconsin
$246K – – –
Invesco
17
Invesco
Georgia
$230K -$239K -16,765 -48%
AGM
18
Alpine Global Management
New York
$223K +$252K +17,672 New
State Street
19
State Street
Massachusetts
$219K -$963K -67,554 -80%
Susquehanna International Group
20
Susquehanna International Group
Pennsylvania
$213K +$173K +12,124 +258%
Morgan Stanley
21
Morgan Stanley
New York
$201K -$88.9K -6,231 -28%
Arrowstreet Capital
22
Arrowstreet Capital
Massachusetts
$169K +$1.77K +124 +0.9%
BCM
23
Bridgeway Capital Management
Texas
$143K -$54.2K -3,800 -25%
Citadel Advisors
24
Citadel Advisors
Florida
$129K -$111K -7,773 -43%
Creative Planning
25
Creative Planning
Kansas
$114K – – –
1
2 3 4 5

NDLS Hedge Fund Activity: Q2 2024 in Review

76 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Noodles & Co (NDLS) for Q2 2024, worth a combined $37.3M — down 31% from $53.8M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of NDLS and 23 opened new positions — a net loss of 1 holder — while 28 trimmed existing stakes and 13 added.

The largest buyer was Millennium Management, opening a new position worth an estimated $809K. The largest seller was BlackRock, cutting an estimated $3.6M.

  • 76 institutional investors held Noodles & Co (NDLS) as of Q2 2024, down from 77 in Q1 2024.
  • Funds reported $37.3M of Noodles & Co stock for Q2 2024, down 31% quarter-over-quarter.
  • 23 funds opened new Noodles & Co positions in Q2 2024 and 24 closed out, a net change of -1 holder.
  • The largest Noodles & Co buyer in Q2 2024 was Millennium Management, an estimated $809K added.
  • The largest Noodles & Co seller in Q2 2024 was BlackRock, an estimated $3.6M sold.

Based on aggregated 13F filings for Q2 2024.