NerdWallet
NRDS
113 hedge funds and large institutions have $340M invested in NerdWallet in 2024 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 38 increasing their positions, 30 reducing their positions, and 18 closing their positions.
633% more call options, than puts
Call options by funds: $5.17M | Put options by funds: $706K
33% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 18
27% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 30
5% more funds holding
Funds holding: 108 → 113 (+5)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
9.35% less ownership
Funds ownership: 66.33% → 56.99% (-9.3%)
24% less capital invested
Capital invested by funds: $446M → $340M (-$106M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basswood Capital Management
New York
|
+$6.71M |
| 2 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
+$5.12M |
| 3 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$4.01M |
| 4 |
Renaissance Technologies
New York
|
+$3.25M |
| 5 |
TI
Trexquant Investment
Stamford,
Connecticut
|
+$2.31M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACL
Azora Capital LP
Miami,
Florida
|
-$36.5M |
| 2 |
SC
Samlyn Capital
New York
|
-$28.7M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$13.1M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$5.48M |
| 5 |
Morgan Stanley
New York
|
-$3.2M |
NRDS Hedge Fund Activity: Q3 2024 in Review
113 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in NerdWallet (NRDS) for Q3 2024, worth a combined $340M — down 24% from $446M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new NRDS positions and 18 closed out — a net gain of 6 holders — while 38 added to existing stakes and 30 trimmed.
The largest buyer was Basswood Capital Management, opening a new position worth an estimated $6.71M. The largest seller was Azora Capital LP, exiting entirely with an estimated $36.5M sold.
- 113 institutional investors held NerdWallet (NRDS) as of Q3 2024, up from 108 in Q2 2024.
- Funds reported $340M of NerdWallet stock for Q3 2024, down 24% quarter-over-quarter.
- 24 funds opened new NerdWallet positions in Q3 2024 and 18 closed out, a net change of +6 holders.
- The largest NerdWallet buyer in Q3 2024 was Basswood Capital Management, an estimated $6.71M added.
- The largest NerdWallet seller in Q3 2024 was Azora Capital LP, an estimated $36.5M sold.
Based on aggregated 13F filings for Q3 2024.