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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$27.6M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$25.3M |
| 3 |
Millennium Management
New York
|
+$15M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
+$13M |
| 5 |
Goldman Sachs
New York
|
+$10.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$20.7M |
| 2 |
UBS AM
Chicago,
Illinois
|
-$3.99M |
| 3 |
TCM
TimesSquare Capital Management
New York
|
-$2.11M |
| 4 |
MCM
Moon Capital Management
New York
|
-$2M |
| 5 |
BlackRock
New York
|
-$1.89M |
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.