NerdWallet
NRDS
104 hedge funds and large institutions have $440M invested in NerdWallet in 2023 Q4 according to their latest regulatory filings, with 23 funds opening new positions, 42 increasing their positions, 25 reducing their positions, and 14 closing their positions.
79% more capital invested
Capital invested by funds: $245M → $440M (+$195M)
68% more repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 25
64% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 14
42% more call options, than puts
Call options by funds: $3.79M | Put options by funds: $2.67M
9% more funds holding
Funds holding: 95 → 104 (+9)
7.11% more ownership
Funds ownership: 60.18% → 67.29% (+7.1%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$9.68M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$4.9M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$3.77M |
| 4 |
Morgan Stanley
New York
|
+$2.3M |
| 5 |
ACL
Azora Capital LP
Miami,
Florida
|
+$2.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
Steamboat Capital Partners
Rye,
New York
|
-$2.26M |
| 2 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$2.15M |
| 3 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$2.03M |
| 4 |
SC
Samlyn Capital
New York
|
-$1.67M |
| 5 |
WCA
Whetstone Capital Advisors
Shawnee Mission,
Kansas
|
-$1.28M |
NRDS Hedge Fund Activity: Q4 2023 in Review
104 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in NerdWallet (NRDS) for Q4 2023, worth a combined $440M — up 79% from $245M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new NRDS positions and 14 closed out — a net gain of 9 holders — while 42 added to existing stakes and 25 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $9.68M. The largest seller was Steamboat Capital Partners, cutting an estimated $2.26M.
- 104 institutional investors held NerdWallet (NRDS) as of Q4 2023, up from 95 in Q3 2023.
- Funds reported $440M of NerdWallet stock for Q4 2023, up 79% quarter-over-quarter.
- 23 funds opened new NerdWallet positions in Q4 2023 and 14 closed out, a net change of +9 holders.
- The largest NerdWallet buyer in Q4 2023 was Fidelity Investments, an estimated $9.68M added.
- The largest NerdWallet seller in Q4 2023 was Steamboat Capital Partners, an estimated $2.26M sold.
Based on aggregated 13F filings for Q4 2023.