Remitly
RELY
200 hedge funds and large institutions have $1.91B invested in Remitly in 2024 Q2 according to their latest regulatory filings, with 50 funds opening new positions, 85 increasing their positions, 40 reducing their positions, and 36 closing their positions.
356% more call options, than puts
Call options by funds: $2.97M | Put options by funds: $652K
113% more repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 40
100% more funds holding in top 10
Funds holding in top 10: 2 → 4 (+2)
39% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 36
6% more funds holding
Funds holding: 188 → 200 (+12)
4.4% more ownership
Funds ownership: 77.42% → 81.82% (+4.4%)
37% less capital invested
Capital invested by funds: $3.03B → $1.91B (-$1.12B)
Top Buyers
| 1 |
Morgan Stanley
New York
|
+$86.9M |
| 2 |
CCM
Cadian Capital Management
New York
|
+$49.9M |
| 3 |
Millennium Management
New York
|
+$32.1M |
| 4 |
KCM
Kodai Capital Management
Chicago,
Illinois
|
+$25.9M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$23.1M |
Top Sellers
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$63M |
| 2 |
JP Morgan Chase
New York
|
-$58.5M |
| 3 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$51.2M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$35.8M |
| 5 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
-$17.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TSS
226
Two Sigma Securities
New York
| – | -$266K | -12,841 | Closed |
|
|
IEFM
227
IQ EQ Fund Management
Dublin 2,
Ireland
| – | -$221K | -10,675 | Closed |
|
228
SG Americas Securities
New York
| – | -$221K | -10,636 | Closed |
|
|
MLICM
229
Metropolitan Life Insurance Company (MetLife)
New York
| – | -$152K | -7,318 | Closed |
|
|
SO
230
STRS Ohio
Columbus,
Ohio
| – | -$35K | -1,700 | Closed |
|
|
HFM
231
Harvest Fund Management
Beijing,
China
| – | -$27K | -1,285 | Closed |
|
|
TSWM
232
Tyler-Stone Wealth Management
Beachwood,
Ohio
| – | -$24.9K | -1,200 | Closed |
|
233
Fuller & Thaler Asset Management
San Mateo,
California
| – | -$12.1K | -586 | Closed |
|
|
FFO
234
Fortitude Family Office
Scottsdale,
Arizona
| – | -$2.45K | -118 | Closed |
|
|
PS
235
Principal Securities
Des Moines,
Iowa
| – | -$1.12K | -54 | Closed |
|
|
AWM
236
Avior Wealth Management
Omaha,
Nebraska
| – | -$539 | -26 | Closed |
|
RELY Hedge Fund Activity: Q2 2024 in Review
200 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Remitly (RELY) for Q2 2024, worth a combined $1.91B — down 37% from $3.03B a quarter earlier.
Buyers outnumbered sellers: 50 funds opened new RELY positions and 36 closed out — a net gain of 14 holders — while 85 added to existing stakes and 40 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $86.9M. The largest seller was Fidelity Investments, cutting an estimated $63M.
- 200 institutional investors held Remitly (RELY) as of Q2 2024, up from 188 in Q1 2024.
- Funds reported $1.91B of Remitly stock for Q2 2024, down 37% quarter-over-quarter.
- 50 funds opened new Remitly positions in Q2 2024 and 36 closed out, a net change of +14 holders.
- The largest Remitly buyer in Q2 2024 was Morgan Stanley, an estimated $86.9M added.
- The largest Remitly seller in Q2 2024 was Fidelity Investments, an estimated $63M sold.
Based on aggregated 13F filings for Q2 2024.