Nerdy
NRDY
87 hedge funds and large institutions have $259M invested in Nerdy in 2023 Q1 according to their latest regulatory filings, with 21 funds opening new positions, 31 increasing their positions, 22 reducing their positions, and 9 closing their positions.
1,619% more call options, than puts
Call options by funds: $3.37M | Put options by funds: $196K
133% more first-time investments, than exits
New positions opened: 21 | Existing positions closed: 9
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
80% more capital invested
Capital invested by funds: $144M → $259M (+$115M)
41% more repeat investments, than reductions
Existing positions increased: 31 | Existing positions reduced: 22
14% more funds holding
Funds holding: 76 → 87 (+11)
0.21% less ownership
Funds ownership: 4.57% → 4.35% (-0.21%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSCM
Divisadero Street Capital Management
Miami,
Florida
|
+$3.62M |
| 2 |
KLC
Kent Lake Capital
Reno,
Nevada
|
+$2.22M |
| 3 |
GIPM
G2 Investment Partners Management
New York
|
+$1.65M |
| 4 |
SAM
Soviero Asset Management
New York
|
+$1.31M |
| 5 |
Morgan Stanley
New York
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$3.26M |
| 2 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
-$3.22M |
| 3 |
RCMNY
Rubric Capital Management (New York)
New York
|
-$2.6M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$2.11M |
| 5 |
Franklin Resources
San Mateo,
California
|
-$1.88M |
NRDY Hedge Fund Activity: Q1 2023 in Review
87 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Nerdy (NRDY) for Q1 2023, worth a combined $259M — up 80% from $144M a quarter earlier.
Buyers outnumbered sellers: 21 funds opened new NRDY positions and 9 closed out — a net gain of 12 holders — while 31 added to existing stakes and 22 trimmed.
The largest buyer was Divisadero Street Capital Management, opening a new position worth an estimated $3.62M. The largest seller was Goldman Sachs, cutting an estimated $3.26M.
- 87 institutional investors held Nerdy (NRDY) as of Q1 2023, up from 76 in Q4 2022.
- Funds reported $259M of Nerdy stock for Q1 2023, up 80% quarter-over-quarter.
- 21 funds opened new Nerdy positions in Q1 2023 and 9 closed out, a net change of +12 holders.
- The largest Nerdy buyer in Q1 2023 was Divisadero Street Capital Management, an estimated $3.62M added.
- The largest Nerdy seller in Q1 2023 was Goldman Sachs, an estimated $3.26M sold.
Based on aggregated 13F filings for Q1 2023.