Nerdy
NRDY
51 hedge funds and large institutions have $652M invested in Nerdy in 2021 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 12 increasing their positions, 14 reducing their positions, and 37 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 2 → 6 (+4)
152% more call options, than puts
Call options by funds: $9.16M | Put options by funds: $3.63M
63% more capital invested
Capital invested by funds: $400M → $652M (+$253M)
4.25% less ownership
Funds ownership: 89.45% → 85.2% (-4.2%)
14% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 14
22% less funds holding
Funds holding: 65 → 51 (-14)
38% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 37
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TGHSA
TPG Group Holdings (SBS) Advisors
Fort Worth,
Texas
|
+$133M |
| 2 |
GC
Greenvale Capital
London,
United Kingdom
|
+$70.4M |
| 3 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
+$39.6M |
| 4 |
TCMV
Technology Crossover Management VIII
Menlo Park,
California
|
+$38.8M |
| 5 |
Goldman Sachs
New York
|
+$20M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of New York Mellon
New York
|
-$32.6M |
| 2 |
JGC
J. Goldman & Co
New York
|
-$22.3M |
| 3 |
GL
Governors Lane
New York
|
-$17.1M |
| 4 |
AWG
Alpha Wave Global
New York
|
-$16.6M |
| 5 |
ECM
Element Capital Management
New York
|
-$11M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
76
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$611K | -60,562 | Closed |
|
|
BI
77
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$567K | -57,096 | Closed |
|
|
FTCM
78
First Trust Capital Management
Chicago,
Illinois
| – | -$397K | -40,000 | Closed |
|
|
PCM
79
Pentwater Capital Management
Naples,
Florida
| – | -$315K | -31,700 | Closed |
|
|
WRBC
80
W.R. Berkley Corp
Greenwich,
Connecticut
| – | -$296K | -29,767 | Closed |
|
|
LC
81
Littlejohn & Co
Greenwich,
Connecticut
| – | -$269K | -27,099 | Closed |
|
|
DCM
82
Dupont Capital Management
Wilmington,
Delaware
| – | -$248K | -25,000 | Closed |
|
|
CCM
83
CAAS Capital Management
New York
| – | -$222K | -22,400 | Closed |
|
|
TI
84
Trexquant Investment
Stamford,
Connecticut
| – | -$124K | -12,463 | Closed |
|
|
TRCT
85
Tower Research Capital (TRC)
New York
| – | -$11K | -1,154 | Closed |
|
86
Osaic Holdings
Scottsdale,
Arizona
| – | -$10K | -1,000 | Closed |
|
87
UBS Group
Zurich,
Switzerland
| – | -$1K | -103 | Closed |
|
|
PI
88
PEAK6 Investments
Chicago,
Illinois
| – | +$10 | +1 | New |
|
NRDY Hedge Fund Activity: Q3 2021 in Review
51 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Nerdy (NRDY) for Q3 2021, worth a combined $652M — up 63% from $400M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of NRDY and 23 opened new positions — a net loss of 14 holders — while 14 trimmed existing stakes and 12 added.
The largest buyer was TPG Group Holdings (SBS) Advisors, opening a new position worth an estimated $133M. The largest seller was Bank of New York Mellon, exiting entirely with an estimated $32.6M sold.
- 51 institutional investors held Nerdy (NRDY) as of Q3 2021, down from 65 in Q2 2021.
- Funds reported $652M of Nerdy stock for Q3 2021, up 63% quarter-over-quarter.
- 23 funds opened new Nerdy positions in Q3 2021 and 37 closed out, a net change of -14 holders.
- The largest Nerdy buyer in Q3 2021 was TPG Group Holdings (SBS) Advisors, an estimated $133M added.
- The largest Nerdy seller in Q3 2021 was Bank of New York Mellon, an estimated $32.6M sold.
Based on aggregated 13F filings for Q3 2021.