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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
+$57.7M |
| 2 |
AWG
Alpha Wave Global
New York
|
+$48.5M |
| 3 |
Bank of New York Mellon
New York
|
+$35.5M |
| 4 |
Morgan Stanley
New York
|
+$33.9M |
| 5 |
Public Sector Pension Investment Board (PSP Investments)
Montreal,
Quebec, Canada
|
+$10.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$20.3M |
| 2 |
Millennium Management
New York
|
-$17M |
| 3 |
GCL
Glazer Capital LLC
New York
|
-$15.1M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
-$9.44M |
| 5 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$8.12M |
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.