NerdWallet
NRDS
106 hedge funds and large institutions have $266M invested in NerdWallet in 2023 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 45 increasing their positions, 21 reducing their positions, and 21 closing their positions.
114% more repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 21
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
33% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 21
7% more funds holding
Funds holding: 99 → 106 (+7)
7.03% less ownership
Funds ownership: 69.78% → 62.75% (-7%)
47% less capital invested
Capital invested by funds: $498M → $266M (-$232M)
72% less call options, than puts
Call options by funds: $780K | Put options by funds: $2.83M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$6.44M |
| 2 |
SC
Samlyn Capital
New York
|
+$4.52M |
| 3 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
+$3.8M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$2.91M |
| 5 |
ACL
Azora Capital LP
Miami,
Florida
|
+$2.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$16.4M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$13M |
| 3 |
IVMX
Institutional Venture Management XIV
Menlo Park,
California
|
-$12.6M |
| 4 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$6.4M |
| 5 |
SSA
Schonfeld Strategic Advisors
New York
|
-$6M |
NRDS Hedge Fund Activity: Q2 2023 in Review
106 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in NerdWallet (NRDS) for Q2 2023, worth a combined $266M — down 47% from $498M a quarter earlier.
Buyers outnumbered sellers: 28 funds opened new NRDS positions and 21 closed out — a net gain of 7 holders — while 45 added to existing stakes and 21 trimmed.
The largest buyer was BlackRock, adding an estimated $6.44M. The largest seller was Lord, Abbett & Co, cutting an estimated $16.4M.
- 106 institutional investors held NerdWallet (NRDS) as of Q2 2023, up from 99 in Q1 2023.
- Funds reported $266M of NerdWallet stock for Q2 2023, down 47% quarter-over-quarter.
- 28 funds opened new NerdWallet positions in Q2 2023 and 21 closed out, a net change of +7 holders.
- The largest NerdWallet buyer in Q2 2023 was BlackRock, an estimated $6.44M added.
- The largest NerdWallet seller in Q2 2023 was Lord, Abbett & Co, an estimated $16.4M sold.
Based on aggregated 13F filings for Q2 2023.