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Remitly
RELY

95 hedge funds and large institutions have $787M invested in Remitly in 2022 Q1 according to their latest regulatory filings, with 45 funds opening new positions, 30 increasing their positions, 9 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

233% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 9

118% more call options, than puts

Call options by funds: $2.76M | Put options by funds: $1.26M

114% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 21

50% more funds holding in top 10

Funds holding in top 10: 4 → 6 (+2)

34% more funds holding

Funds holding: 71 → 95 (+24)

6.28% more ownership

Funds ownership: 42.31% → 48.59% (+6.3%)

45% less capital invested

Capital invested by funds: $1.43B → $787M (-$643M)

Holders
95
Holders Change
+24
Holders Change %
+33.8%
% of All Funds
1.5%
Holding in Top 10
6
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+50%
% of All Funds
0.09%
New
45
Increased
30
Reduced
9
Closed
21
Calls
$2.76M
Puts
$1.26M
Net Calls
+$1.5M
Net Calls Change
+$577K

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$27.6M
2
Citadel Advisors
Citadel Advisors
Florida
+$25.3M
3
Millennium Management
Millennium Management
New York
+$15M
4
Adage Capital Partners
Adage Capital Partners
Massachusetts
+$13M
5
Goldman Sachs
Goldman Sachs
New York
+$10.3M

Top Sellers

Rank Fund Capital Flow
1
Fidelity Investments
Fidelity Investments
Massachusetts
-$20.7M
2
UBS AM
UBS AM
Illinois
-$3.99M
3
TCM
TimesSquare Capital Management
New York
-$2.11M
4
MCM
Moon Capital Management
New York
-$2M
5
BlackRock
BlackRock
New York
-$1.89M
Name Holding Trade Value Shares
Change 		Change in
Stake
IECM
26
Intrinsic Edge Capital Management
Illinois
$1.48M +$1.79M +150,000 New
Geode Capital Management
27
Geode Capital Management
Massachusetts
$1.46M -$821K -68,931 -32%
Bank of America
28
Bank of America
North Carolina
$1.35M +$1.3M +109,097 +396%
MPEM
29
Marathon Partners Equity Management
New York
$1.23M +$1.49M +125,000 New
MVG
30
Madrona Venture Group
Washington
$1.03M +$1.25M +104,805 New
T. Rowe Price Associates
31
T. Rowe Price Associates
Maryland
$1.02M +$1.23M +103,374 New
Morgan Stanley
32
Morgan Stanley
New York
$937K +$527K +44,251 +87%
Northern Trust
33
Northern Trust
Illinois
$845K -$34.3K -2,878 -3%
PP
34
PDT Partners
New York
$822K +$991K +83,244 New
Deutsche Bank
35
Deutsche Bank
Germany
$818K +$333K +27,944 +51%
LNWTC
36
Laird Norton Wetherby Trust Company
Washington
$732K +$884K +74,226 New
Vanguard Group
37
Vanguard Group
Pennsylvania
$717K +$55.2K +4,633 +7%
URS
38
Utah Retirement Systems
Utah
$715K +$863K +72,467 New
CG
39
Caprock Group
Idaho
$651K +$785K +65,911 New
UBS Group
40
UBS Group
Switzerland
$598K +$644K +54,062 +829%
CAM
41
ClariVest Asset Management
California
$568K +$685K +57,578 New
FCH
42
Freestone Capital Holdings
Washington
$566K +$683K +57,348 New
ECM
43
ExodusPoint Capital Management
New York
$545K +$301K +25,272 +84%
Ameriprise
44
Ameriprise
Minnesota
$541K +$340K +28,546 +109%
HLA
45
Hamilton Lane Advisors
Pennsylvania
$453K +$547K +45,925 New
JF
46
Jump Financial
Illinois
$423K +$511K +42,900 New
DFCM
47
Dark Forest Capital Management
Puerto Rico
$418K +$404K +33,922 +400%
TI
48
Trexquant Investment
Connecticut
$400K +$482K +40,498 New
E
49
Ergoteles
New York
$353K +$426K +35,800 New
Balyasny Asset Management
50
Balyasny Asset Management
Illinois
$329K +$396K +33,287 New
1
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3 4 5

RELY Hedge Fund Activity: Q1 2022 in Review

95 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Remitly (RELY) for Q1 2022, worth a combined $787M — down 45% from $1.43B a quarter earlier.

Buyers outnumbered sellers: 45 funds opened new RELY positions and 21 closed out — a net gain of 24 holders — while 30 added to existing stakes and 9 trimmed.

The largest buyer was JP Morgan Chase, adding an estimated $27.6M. The largest seller was Fidelity Investments, cutting an estimated $20.7M.

  • 95 institutional investors held Remitly (RELY) as of Q1 2022, up from 71 in Q4 2021.
  • Funds reported $787M of Remitly stock for Q1 2022, down 45% quarter-over-quarter.
  • 45 funds opened new Remitly positions in Q1 2022 and 21 closed out, a net change of +24 holders.
  • The largest Remitly buyer in Q1 2022 was JP Morgan Chase, an estimated $27.6M added.
  • The largest Remitly seller in Q1 2022 was Fidelity Investments, an estimated $20.7M sold.

Based on aggregated 13F filings for Q1 2022.