NerdWallet
NRDS
95 hedge funds and large institutions have $245M invested in NerdWallet in 2023 Q3 according to their latest regulatory filings, with 11 funds opening new positions, 34 increasing their positions, 32 reducing their positions, and 22 closing their positions.
6% more repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 32
2.57% less ownership
Funds ownership: 62.75% → 60.18% (-2.6%)
8% less capital invested
Capital invested by funds: $266M → $245M (-$20.7M)
10% less funds holding
Funds holding: 106 → 95 (-11)
12% less call options, than puts
Call options by funds: $1.17M | Put options by funds: $1.33M
50% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 22
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$15.3M |
| 2 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$2.19M |
| 3 |
SC
Samlyn Capital
New York
|
+$2.03M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.75M |
| 5 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$1.63M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IVMX
Institutional Venture Management XIV
Menlo Park,
California
|
-$10.5M |
| 2 |
Morgan Stanley
New York
|
-$2.49M |
| 3 |
Millennium Management
New York
|
-$2.15M |
| 4 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$2.05M |
| 5 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$2.01M |
NRDS Hedge Fund Activity: Q3 2023 in Review
95 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in NerdWallet (NRDS) for Q3 2023, worth a combined $245M — down 7.8% from $266M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of NRDS and 11 opened new positions — a net loss of 11 holders — while 32 trimmed existing stakes and 34 added.
The largest buyer was Fidelity Investments, adding an estimated $15.3M. The largest seller was Institutional Venture Management XIV, exiting entirely with an estimated $10.5M sold.
- 95 institutional investors held NerdWallet (NRDS) as of Q3 2023, down from 106 in Q2 2023.
- Funds reported $245M of NerdWallet stock for Q3 2023, down 7.8% quarter-over-quarter.
- 11 funds opened new NerdWallet positions in Q3 2023 and 22 closed out, a net change of -11 holders.
- The largest NerdWallet buyer in Q3 2023 was Fidelity Investments, an estimated $15.3M added.
- The largest NerdWallet seller in Q3 2023 was Institutional Venture Management XIV, an estimated $10.5M sold.
Based on aggregated 13F filings for Q3 2023.