NerdWallet
NRDS
161 hedge funds and large institutions have $400M invested in NerdWallet in 2025 Q4 according to their latest regulatory filings, with 34 funds opening new positions, 60 increasing their positions, 48 reducing their positions, and 18 closing their positions.
1,155% more call options, than puts
Call options by funds: $5.02M | Put options by funds: $400K
89% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 18
33% more capital invested
Capital invested by funds: $300M → $400M (+$99.3M)
25% more repeat investments, than reductions
Existing positions increased: 60 | Existing positions reduced: 48
11% more funds holding
Funds holding: 145 → 161 (+16)
9.02% more ownership
Funds ownership: 62.98% → 72% (+9%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Prudential Financial
Newark,
New Jersey
|
+$9.2M |
| 2 |
Millennium Management
New York
|
+$6.52M |
| 3 |
N
Nuveen
Charlotte,
North Carolina
|
+$3.23M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$3.02M |
| 5 |
D.E. Shaw & Co
New York
|
+$2.21M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
|
-$4.82M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$3.99M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$3.88M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
-$2.64M |
| 5 |
Morgan Stanley
New York
|
-$2.2M |
NRDS Hedge Fund Activity: Q4 2025 in Review
161 of the 8,224 institutional investors tracked by Wall St. Rank reported a position in NerdWallet (NRDS) for Q4 2025, worth a combined $400M — up 33% from $300M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new NRDS positions and 18 closed out — a net gain of 16 holders — while 60 added to existing stakes and 48 trimmed.
The largest buyer was Prudential Financial, adding an estimated $9.2M. The largest seller was Connor, Clark & Lunn Investment Management (CC&L), cutting an estimated $4.82M.
- 161 institutional investors held NerdWallet (NRDS) as of Q4 2025, up from 145 in Q3 2025.
- Funds reported $400M of NerdWallet stock for Q4 2025, up 33% quarter-over-quarter.
- 34 funds opened new NerdWallet positions in Q4 2025 and 18 closed out, a net change of +16 holders.
- The largest NerdWallet buyer in Q4 2025 was Prudential Financial, an estimated $9.2M added.
- The largest NerdWallet seller in Q4 2025 was Connor, Clark & Lunn Investment Management (CC&L), an estimated $4.82M sold.
Based on aggregated 13F filings for Q4 2025.