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NerdWallet
NRDS

104 hedge funds and large institutions have $444M invested in NerdWallet in 2023 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 42 increasing their positions, 25 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

81% more capital invested

Capital invested by funds: $245M → $444M (+$199M)

68% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 25

64% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 14

42% more call options, than puts

Call options by funds: $3.79M | Put options by funds: $2.67M

9% more funds holding

Funds holding: 95 → 104 (+9)

7.75% more ownership

Funds ownership: 60.18% → 67.93% (+7.7%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

Holders
104
Holders Change
+9
Holders Change %
+9.47%
% of All Funds
1.52%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
23
Increased
42
Reduced
25
Closed
14
Calls
$3.79M
Puts
$2.67M
Net Calls
+$1.13M
Net Calls Change
+$1.29M

Top Buyers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
+$9.68M
2
Morgan Stanley
Morgan Stanley
New York
+$5.42M
3
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
+$4.9M
4
Invesco
Invesco
Georgia
+$3.77M
5
ACL
Azora Capital LP
Florida
+$2.23M

Top Sellers

Rank Fund Capital Flow
1
SCP
Steamboat Capital Partners
New York
-$2.26M
2
BGIM
Brandywine Global Investment Management
Pennsylvania
-$2.15M
3
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
-$2.03M
4
SC
Samlyn Capital
New York
-$1.67M
5
WCA
Whetstone Capital Advisors
Kansas
-$1.28M
Name Holding Trade Value Shares
Change 		Change in
Stake
Bank of New York Mellon
26
Bank of New York Mellon
New York
$1.62M +$101K +9,204 +9%
Millennium Management
27
Millennium Management
New York
$1.59M -$1.03M -93,016 -46%
Ameriprise
28
Ameriprise
Minnesota
$1.47M +$1.1M +100,116 New
N
29
Nuveen
North Carolina
$1.31M +$10.3K +939 +1%
Citadel Advisors
30
Citadel Advisors
Florida
$1.27M +$946K +85,832 +15,327%
RC
31
RBF Capital
California
$1.24M +$929K +84,282 New
QOP
32
Quinn Opportunity Partners
Virginia
$1.22M -$263K -23,843 -22%
Bank of America
33
Bank of America
North Carolina
$1.17M +$28.6K +2,592 +3%
BPWM
34
Badgley Phelps Wealth Managers
Washington
$1.12M +$840K +76,232 New
PI
35
PineBridge Investments
New York
$1.1M +$355K +32,196 +76%
Swiss National Bank
36
Swiss National Bank
Switzerland
$1.08M – – –
Goldman Sachs
37
Goldman Sachs
New York
$1.08M +$332K +30,159 +70%
Jane Street
38
Jane Street
New York
$968K +$360K +32,677 +99%
AllianceBernstein
39
AllianceBernstein
Tennessee
$878K +$162K +14,720 +33%
PP
40
PDT Partners
New York
$848K – – –
Barclays
41
Barclays
United Kingdom
$787K +$456K +41,377 +341%
Qube Research & Technologies (QRT)
42
Qube Research & Technologies (QRT)
United Kingdom
$745K -$2.03M -184,434 -78%
UBS Group
43
UBS Group
Switzerland
$730K +$236K +21,417 +76%
RhumbLine Advisers
44
RhumbLine Advisers
Massachusetts
$640K +$10.5K +950 +2%
TI
45
Trexquant Investment
Connecticut
$632K +$12.5K +1,133 +3%
Acadian Asset Management
46
Acadian Asset Management
Massachusetts
$611K +$458K +41,538 New
NPT
47
National Philanthropic Trust
Pennsylvania
$589K +$441K +40,000 New
California State Teachers Retirement System (CalSTRS)
48
California State Teachers Retirement System (CalSTRS)
California
$563K +$8.91K +809 +2%
CS
49
Credit Suisse
Switzerland
$514K +$35.9K +3,260 +10%
CAM
50
Cresset Asset Management
Illinois
$506K +$130K +11,758 +52%
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NRDS Hedge Fund Activity: Q4 2023 in Review

104 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in NerdWallet (NRDS) for Q4 2023, worth a combined $444M — up 81% from $245M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new NRDS positions and 14 closed out — a net gain of 9 holders — while 42 added to existing stakes and 25 trimmed.

The largest buyer was Fidelity Investments, adding an estimated $9.68M. The largest seller was Steamboat Capital Partners, cutting an estimated $2.26M.

  • 104 institutional investors held NerdWallet (NRDS) as of Q4 2023, up from 95 in Q3 2023.
  • Funds reported $444M of NerdWallet stock for Q4 2023, up 81% quarter-over-quarter.
  • 23 funds opened new NerdWallet positions in Q4 2023 and 14 closed out, a net change of +9 holders.
  • The largest NerdWallet buyer in Q4 2023 was Fidelity Investments, an estimated $9.68M added.
  • The largest NerdWallet seller in Q4 2023 was Steamboat Capital Partners, an estimated $2.26M sold.

Based on aggregated 13F filings for Q4 2023.