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Nerdy
NRDY

66 hedge funds and large institutions have $361M invested in Nerdy in 2021 Q1 according to their latest regulatory filings, with 36 funds opening new positions, 12 increasing their positions, 14 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

198% more call options, than puts

Call options by funds: $5.22M | Put options by funds: $1.75M

112% more first-time investments, than exits

New positions opened: 36 | Existing positions closed: 17

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

40% more funds holding

Funds holding: 47 → 66 (+19)

40% more capital invested

Capital invested by funds: $259M → $361M (+$103M)

29.42% more ownership

Funds ownership: 51.93% → 81.34% (+29%)

14% less repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 14

Holders
66
Holders Change
+19
Holders Change %
+40.43%
% of All Funds
1.16%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
36
Increased
12
Reduced
14
Closed
17
Calls
$5.22M
Puts
$1.75M
Net Calls
+$3.47M
Net Calls Change
-$3.55M

Top Buyers

Rank Fund Capital Flow
1
LSCM
Light Street Capital Management
California
+$57.7M
2
AWG
Alpha Wave Global
New York
+$48.5M
3
Bank of New York Mellon
Bank of New York Mellon
New York
+$35.5M
4
Morgan Stanley
Morgan Stanley
New York
+$33.9M
5
Public Sector Pension Investment Board (PSP Investments)
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
+$10.9M

Top Sellers

Rank Fund Capital Flow
1
UOC
UBS O'Connor
Illinois
-$20.3M
2
Millennium Management
Millennium Management
New York
-$17M
3
GCL
Glazer Capital LLC
New York
-$15.1M
4
TD Asset Management
TD Asset Management
Ontario, Canada
-$9.44M
5
MF
Magnetar Financial
Illinois
-$8.12M
Name Holding Trade Value Shares
Change 		Change in
Stake
WCMNY
26
Westchester Capital Management (New York)
New York
$3.37M +$278K +25,540 +8%
TCA
27
Taconic Capital Advisors
New York
$2.48M +$545K +50,000 +25%
KPF
28
K2 Principal Fund
Ontario, Canada
$2.48M +$2.72M +250,100 New
FIG
29
Fortress Investment Group
New York
$2.2M -$303K -27,825 -11%
Deutsche Bank
30
Deutsche Bank
Germany
$1.98M +$2.18M +200,000 New
GPCM
31
Granite Point Capital Management
Massachusetts
$1.98M +$2.18M +200,000 New
IAM
32
Ion Asset Management
Israel
$1.98M +$2.18M +200,000 New
Jane Street
33
Jane Street
New York
$1.76M +$1.94M +177,737 New
SCC
34
Spring Creek Capital
Kansas
$1.74M -$3.54M -324,868 -65%
Citadel Advisors
35
Citadel Advisors
Florida
$1.61M +$1.63M +149,254 +1,099%
RCM
36
Radcliffe Capital Management
Pennsylvania
$1.56M -$3.58M -329,042 -68%
TAL
37
TIG Advisors LLC
New York
$1.5M +$533K +48,939 +48%
AGM
38
Alpine Global Management
New York
$1.47M +$1.62M +148,518 New
GCL
39
Glazer Capital LLC
New York
$1.26M -$15.1M -1,387,036 -92%
SRCM
40
Sage Rock Capital Management
New York
$1.2M +$1.32M +121,000 New
BI
41
Bulldog Investors
New Jersey
$1.15M +$1.26M +115,790 New
HP
42
Hartree Partners
New York
$991K -$7.08M -650,000 -87%
MAM
43
Myriad Asset Management
Hong Kong
$972K -$1.65M -151,870 -61%
ECM
44
ExodusPoint Capital Management
New York
$814K +$894K +82,108 New
TI
45
Tidal Investments
Wisconsin
$525K +$578K +53,027 New
OAC
46
OMERS Administration Corp
Ontario, Canada
$500K -$1.9M -174,500 -78%
Bank of America
47
Bank of America
North Carolina
$489K +$538K +49,393 New
CAC
48
Cowen and Company
New York
$423K +$465K +42,647 New
FTCM
49
First Trust Capital Management
Illinois
$407K +$447K +41,020 New
CH
50
CVI Holdings
Delaware
$378K – – –
1
2
3 4

NRDY Hedge Fund Activity: Q1 2021 in Review

66 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Nerdy (NRDY) for Q1 2021, worth a combined $361M — up 40% from $259M a quarter earlier.

Buyers outnumbered sellers: 36 funds opened new NRDY positions and 17 closed out — a net gain of 19 holders — while 12 added to existing stakes and 14 trimmed.

The largest buyer was Light Street Capital Management, opening a new position worth an estimated $57.7M. The largest seller was UBS O'Connor, exiting entirely with an estimated $20.3M sold.

  • 66 institutional investors held Nerdy (NRDY) as of Q1 2021, up from 47 in Q4 2020.
  • Funds reported $361M of Nerdy stock for Q1 2021, up 40% quarter-over-quarter.
  • 36 funds opened new Nerdy positions in Q1 2021 and 17 closed out, a net change of +19 holders.
  • The largest Nerdy buyer in Q1 2021 was Light Street Capital Management, an estimated $57.7M added.
  • The largest Nerdy seller in Q1 2021 was UBS O'Connor, an estimated $20.3M sold.

Based on aggregated 13F filings for Q1 2021.