NerdWallet
NRDS
114 hedge funds and large institutions have $454M invested in NerdWallet in 2024 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 32 increasing their positions, 41 reducing their positions, and 11 closing their positions.
91% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 11
10% more funds holding
Funds holding: 104 → 114 (+10)
3% more capital invested
Capital invested by funds: $440M → $454M (+$13.5M)
0.8% more ownership
Funds ownership: 67.29% → 68.09% (+0.8%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
12% less call options, than puts
Call options by funds: $2.86M | Put options by funds: $3.24M
22% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 41
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACL
Azora Capital LP
Miami,
Florida
|
+$14.2M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$7.45M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$6.68M |
| 4 |
SC
Samlyn Capital
New York
|
+$5.27M |
| 5 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$4.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$12.9M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$4.58M |
| 3 |
BGIM
Brandywine Global Investment Management
Philadelphia,
Pennsylvania
|
-$3.9M |
| 4 |
CF
Centaurus Financial
Anaheim,
California
|
-$2.8M |
| 5 |
GIPM
G2 Investment Partners Management
New York
|
-$2.46M |
NRDS Hedge Fund Activity: Q1 2024 in Review
114 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in NerdWallet (NRDS) for Q1 2024, worth a combined $454M — up 3.1% from $440M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new NRDS positions and 11 closed out — a net gain of 10 holders — while 32 added to existing stakes and 41 trimmed.
The largest buyer was Azora Capital LP, adding an estimated $14.2M. The largest seller was Fidelity Investments, cutting an estimated $12.9M.
- 114 institutional investors held NerdWallet (NRDS) as of Q1 2024, up from 104 in Q4 2023.
- Funds reported $454M of NerdWallet stock for Q1 2024, up 3.1% quarter-over-quarter.
- 21 funds opened new NerdWallet positions in Q1 2024 and 11 closed out, a net change of +10 holders.
- The largest NerdWallet buyer in Q1 2024 was Azora Capital LP, an estimated $14.2M added.
- The largest NerdWallet seller in Q1 2024 was Fidelity Investments, an estimated $12.9M sold.
Based on aggregated 13F filings for Q1 2024.