Nerdy
NRDY
111 hedge funds and large institutions have $201M invested in Nerdy in 2024 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 32 increasing their positions, 39 reducing their positions, and 18 closing their positions.
3% less funds holding
Funds holding: 114 → 111 (-3)
4.04% less ownership
Funds ownership: 68.65% → 64.61% (-4%)
17% less first-time investments, than exits
New positions opened: 15 | Existing positions closed: 18
18% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 39
18% less capital invested
Capital invested by funds: $246M → $201M (-$44.5M)
26% less call options, than puts
Call options by funds: $100K | Put options by funds: $135K
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCM
Divisar Capital Management
San Francisco,
California
|
+$11.7M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$3.03M |
| 3 |
PCM
Portolan Capital Management
Boston,
Massachusetts
|
+$2.07M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$1.04M |
| 5 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
+$538K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$10.7M |
| 2 |
KLC
Kent Lake Capital
Reno,
Nevada
|
-$4.93M |
| 3 |
GIPM
G2 Investment Partners Management
New York
|
-$2.74M |
| 4 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$2.26M |
| 5 |
Renaissance Technologies
New York
|
-$1.14M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AIM
126
Aigen Investment Management
New York
| – | -$44.5K | -12,987 | Closed |
|
|
BAM
127
Bellevue Asset Management
Bellevue,
Washington
| – | -$1.14K | -331 | Closed |
|
128
Northwestern Mutual Wealth Management
Milwaukee,
Wisconsin
| – | -$858 | -250 | Closed |
|
129
Carson Wealth (CWM LLC)
Omaha,
Nebraska
| – | +$3 | +1 | New |
|
NRDY Hedge Fund Activity: Q1 2024 in Review
111 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Nerdy (NRDY) for Q1 2024, worth a combined $201M — down 18% from $246M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of NRDY and 15 opened new positions — a net loss of 3 holders — while 39 trimmed existing stakes and 32 added.
The largest buyer was Divisar Capital Management, adding an estimated $11.7M. The largest seller was Morgan Stanley, cutting an estimated $10.7M.
- 111 institutional investors held Nerdy (NRDY) as of Q1 2024, down from 114 in Q4 2023.
- Funds reported $201M of Nerdy stock for Q1 2024, down 18% quarter-over-quarter.
- 15 funds opened new Nerdy positions in Q1 2024 and 18 closed out, a net change of -3 holders.
- The largest Nerdy buyer in Q1 2024 was Divisar Capital Management, an estimated $11.7M added.
- The largest Nerdy seller in Q1 2024 was Morgan Stanley, an estimated $10.7M sold.
Based on aggregated 13F filings for Q1 2024.