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Remitly
RELY

188 hedge funds and large institutions have $2.73B invested in Remitly in 2023 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 71 increasing their positions, 56 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

386% more call options, than puts

Call options by funds: $4.46M | Put options by funds: $917K

27% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 56

1.56% more ownership

Funds ownership: 74.41% → 75.97% (+1.6%)

3% more first-time investments, than exits

New positions opened: 38 | Existing positions closed: 37

2% less funds holding

Funds holding: 192 → 188 (-4)

20% less capital invested

Capital invested by funds: $3.4B → $2.73B (-$669M)

29% less funds holding in top 10

Funds holding in top 10: 7 → 5 (-2)

Holders
188
Holders Change
-4
Holders Change %
-2.08%
% of All Funds
2.74%
Holding in Top 10
5
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-28.57%
% of All Funds
0.07%
New
38
Increased
71
Reduced
56
Closed
37
Calls
$4.46M
Puts
$917K
Net Calls
+$3.54M
Net Calls Change
-$3.7M

Top Buyers

1
Baillie Gifford & Co
Baillie Gifford & Co
United Kingdom
+$113M
2
Citadel Advisors
Citadel Advisors
Florida
+$52.2M
3
Millennium Management
Millennium Management
New York
+$47M
4
Vanguard Group
Vanguard Group
Pennsylvania
+$30.3M
5
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$23.8M

Top Sellers

1
Lord, Abbett & Co
Lord, Abbett & Co
New Jersey
-$76.1M
2
Prudential Financial
Prudential Financial
New Jersey
-$29.5M
3
Fuller & Thaler Asset Management
Fuller & Thaler Asset Management
California
-$20.8M
4
IECM
Intrinsic Edge Capital Management
Illinois
-$20M
5
JP Morgan Chase
JP Morgan Chase
New York
-$17.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
ACM
76
Aquatic Capital Management
Illinois
$1.62M +$477K +21,300 +34%
T. Rowe Price Associates
77
T. Rowe Price Associates
Maryland
$1.56M +$109K +4,844 +6%
SDWMA
78
Schneider Downs Wealth Management Advisors
Pennsylvania
$1.56M -$793K -35,379 -31%
Susquehanna International Group
79
Susquehanna International Group
Pennsylvania
$1.53M -$2.47M -110,312 -58%
Nomura Asset Management
80
Nomura Asset Management
Japan
$1.47M +$857K +38,227 +102%
AIM
81
Aigen Investment Management
New York
$1.46M +$1.48M +65,964 +708%
EGM
82
Engineers Gate Manager
New York
$1.36M +$295K +13,184 +23%
Manulife (Manufacturers Life Insurance)
83
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.35M +$18.8K +837 +1%
Deutsche Bank
84
Deutsche Bank
Germany
$1.34M -$11.5K -515 -0.7%
MIM
85
MetLife Investment Management
New Jersey
$1.34M – – –
ECM
86
ExodusPoint Capital Management
New York
$1.33M +$1.54M +68,543 New
GIPM
87
G2 Investment Partners Management
New York
$1.3M -$12M -534,995 -89%
AIG
88
American International Group
New York
$1.29M +$20.7K +925 +1%
Janus Henderson Group
89
Janus Henderson Group
United Kingdom
$1.27M +$164K +7,337 +13%
QT
90
Quantbot Technologies
New York
$1.23M -$1.31M -58,558 -48%
Mariner
91
Mariner
Kansas
$1.21M +$1.17M +52,011 +511%
Two Sigma Investments
92
Two Sigma Investments
New York
$1.2M – – –
Mirae Asset Global Investments
93
Mirae Asset Global Investments
South Korea
$1.15M +$32.5K +1,449 +2%
BPWM
94
Badgley Phelps Wealth Managers
Washington
$1.14M – – –
New York State Common Retirement Fund
95
New York State Common Retirement Fund
New York
$1.06M -$1.85M -82,764 -60%
TRSOTSOK
96
Teachers Retirement System of the State of Kentucky
Kentucky
$1.04M +$95.5K +4,261 +9%
VOYA Investment Management
97
VOYA Investment Management
Georgia
$1.01M -$1.77M -79,038 -60%
B
98
Bailard
California
$960K – – –
Royal Bank of Canada
99
Royal Bank of Canada
Ontario, Canada
$925K +$528K +23,583 +98%
IP
100
Intellectus Partners
California
$906K +$489K +21,800 +88%
2 3
4
5 6

RELY Hedge Fund Activity: Q4 2023 in Review

188 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Remitly (RELY) for Q4 2023, worth a combined $2.73B — down 20% from $3.4B a quarter earlier.

Buyers outnumbered sellers: 38 funds opened new RELY positions and 37 closed out — a net gain of 1 holder — while 71 added to existing stakes and 56 trimmed.

The largest buyer was Baillie Gifford & Co, adding an estimated $113M. The largest seller was Lord, Abbett & Co, cutting an estimated $76.1M.

  • 188 institutional investors held Remitly (RELY) as of Q4 2023, down from 192 in Q3 2023.
  • Funds reported $2.73B of Remitly stock for Q4 2023, down 20% quarter-over-quarter.
  • 38 funds opened new Remitly positions in Q4 2023 and 37 closed out, a net change of +1 holder.
  • The largest Remitly buyer in Q4 2023 was Baillie Gifford & Co, an estimated $113M added.
  • The largest Remitly seller in Q4 2023 was Lord, Abbett & Co, an estimated $76.1M sold.

Based on aggregated 13F filings for Q4 2023.