NerdWallet
NRDS
99 hedge funds and large institutions have $498M invested in NerdWallet in 2023 Q1 according to their latest regulatory filings, with 33 funds opening new positions, 39 increasing their positions, 17 reducing their positions, and 15 closing their positions.
129% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 17
120% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 15
120% more call options, than puts
Call options by funds: $8.64M | Put options by funds: $3.93M
109% more capital invested
Capital invested by funds: $238M → $498M (+$260M)
21% more funds holding
Funds holding: 82 → 99 (+17)
11.57% more ownership
Funds ownership: 58.21% → 69.78% (+12%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Samlyn Capital
New York
|
+$17.7M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$14.9M |
| 3 |
ACL
Azora Capital LP
Miami,
Florida
|
+$10.1M |
| 4 |
Millennium Management
New York
|
+$8.35M |
| 5 |
Morgan Stanley
New York
|
+$7.82M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IVMX
Institutional Venture Management XIV
Menlo Park,
California
|
-$21.5M |
| 2 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$12M |
| 3 |
GIPM
G2 Investment Partners Management
New York
|
-$4.92M |
| 4 |
RVPG
Relative Value Partners Group
|
-$2.88M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$1.63M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HF
101
HRT Financial
New York
| – | -$375K | -39,083 | Closed |
|
|
PI
102
PEAK6 Investments
Chicago,
Illinois
| – | -$262K | -17,397 | Closed |
|
103
Arrowstreet Capital
Boston,
Massachusetts
| – | -$157K | -16,371 | Closed |
|
|
RPI
104
Railway Pension Investments
London,
United Kingdom
| – | -$151K | -15,760 | Closed |
|
|
BFM
105
Boothbay Fund Management
New York
| – | -$123K | -12,801 | Closed |
|
|
CA
106
Cetera Advisors
Denver,
Colorado
| – | -$105K | -10,945 | Closed |
|
107
Simplex Trading
Chicago,
Illinois
| – | -$131K | -8,692 | Closed |
|
|
QL
108
Quarry LP
New York
| – | -$23.5K | -2,445 | Closed |
|
|
CG
109
Cutler Group
San Francisco,
California
| – | -$34.5K | -2,290 | Closed |
|
|
MCC
110
Money Concepts Capital
Palm Beach Gardens,
Florida
| – | -$15.2K | -1,586 | Closed |
|
|
DFCM
111
Dark Forest Capital Management
San Juan,
Puerto Rico
| – | -$12.3K | -1,277 | Closed |
|
112
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | -$90 | -6 | -17% |
|
|
CS
113
Credit Suisse
Zurich,
Switzerland
| – | -$10 | -1 | Closed |
|
NRDS Hedge Fund Activity: Q1 2023 in Review
99 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in NerdWallet (NRDS) for Q1 2023, worth a combined $498M — up 109% from $238M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new NRDS positions and 15 closed out — a net gain of 18 holders — while 39 added to existing stakes and 17 trimmed.
The largest buyer was Samlyn Capital, opening a new position worth an estimated $17.7M. The largest seller was Institutional Venture Management XIV, cutting an estimated $21.5M.
- 99 institutional investors held NerdWallet (NRDS) as of Q1 2023, up from 82 in Q4 2022.
- Funds reported $498M of NerdWallet stock for Q1 2023, up 109% quarter-over-quarter.
- 33 funds opened new NerdWallet positions in Q1 2023 and 15 closed out, a net change of +18 holders.
- The largest NerdWallet buyer in Q1 2023 was Samlyn Capital, an estimated $17.7M added.
- The largest NerdWallet seller in Q1 2023 was Institutional Venture Management XIV, an estimated $21.5M sold.
Based on aggregated 13F filings for Q1 2023.