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Remitly
RELY

188 hedge funds and large institutions have $3.03B invested in Remitly in 2024 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 59 increasing their positions, 71 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

113% more call options, than puts

Call options by funds: $10.5M | Put options by funds: $4.92M

11% more capital invested

Capital invested by funds: $2.73B → $3.03B (+$295M)

1.45% more ownership

Funds ownership: 75.97% → 77.42% (+1.5%)

3% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 29

0% more funds holding

Funds holding: 188 → 188 (0)

17% less repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 71

60% less funds holding in top 10

Funds holding in top 10: 5 → 2 (-3)

Holders
188
Holders Change
–
Holders Change %
0%
% of All Funds
2.71%
Holding in Top 10
2
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-60%
% of All Funds
0.03%
New
30
Increased
59
Reduced
71
Closed
29
Calls
$10.5M
Puts
$4.92M
Net Calls
+$5.56M
Net Calls Change
+$2.02M

Top Buyers

1
CCM
Cadian Capital Management
New York
+$123M
2
ACH
ArrowMark Colorado Holdings
Colorado
+$49.7M
3
EAM
Eventide Asset Management
Massachusetts
+$19.5M
4
JP Morgan Chase
JP Morgan Chase
New York
+$19.1M
5
HRCM
Hood River Capital Management
Florida
+$11.7M

Top Sellers

1
Wellington Management Group
Wellington Management Group
Massachusetts
-$27.9M
2
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$20.3M
3
Morgan Stanley
Morgan Stanley
New York
-$15.1M
4
Millennium Management
Millennium Management
New York
-$12.9M
5
Invesco
Invesco
Georgia
-$12.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
NC
176
nVerses Capital
Florida
$6.22K +$5.7K +300 New
HFS
177
Hantz Financial Services
Michigan
$5K – – –
GI
178
GAMMA Investing
California
$4.17K +$2.15K +113 +128%
Mitsubishi UFJ Asset Management
179
Mitsubishi UFJ Asset Management
Japan
$3.9K – – –
FFA
180
Farther Finance Advisors
California
$3.48K -$380 -20 -11%
FFO
181
Fortitude Family Office
Arizona
$2.45K +$2.24K +118 New
SPIA
182
Steward Partners Investment Advisory
New York
$2.07K – – –
PS
183
Principal Securities
Iowa
$1.12K +$228 +12 +29%
Comerica Bank
184
Comerica Bank
Texas
$643 – – –
AWM
185
Avior Wealth Management
Nebraska
$539 +$494 +26 New
ACA
186
American Capital Advisory
Idaho
$339 – – –
RIL
187
Rothschild Investment LLC
Illinois
$311 +$285 +15 New
Federated Hermes
188
Federated Hermes
Pennsylvania
$21 -$18.3K -965 -100%
Alyeska Investment Group
189
Alyeska Investment Group
Illinois
– -$20.3M -1,043,094 Closed
3CP
190
3G Capital Partners
New York
– -$6.12M -315,000 Closed
LP
191
LB Partners
Virginia
– -$5.63M -290,000 Closed
HIM
192
Hillsdale Investment Management
Ontario, Canada
– -$3.56M -183,290 Closed
Voloridge Investment Management
193
Voloridge Investment Management
Florida
– -$3.05M -157,088 Closed
WAM
194
Weiss Asset Management
Massachusetts
– -$2.45M -126,390 Closed
OCM
195
Osterweis Capital Management
California
– -$2.31M -119,185 Closed
CAM
196
ClariVest Asset Management
California
– -$1.98M -101,937 Closed
PMEF
197
Point72 Middle East FZE
United Arab Emirates
– -$1.92M -98,979 Closed
Susquehanna International Group
198
Susquehanna International Group
Pennsylvania
– -$1.5M -78,824 Closed
GIPM
199
G2 Investment Partners Management
New York
– -$1.3M -66,722 Closed
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
200
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
– -$816K -42,000 Closed
5 6 7
8
9

RELY Hedge Fund Activity: Q1 2024 in Review

188 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Remitly (RELY) for Q1 2024, worth a combined $3.03B — up 11% from $2.73B a quarter earlier.

Buyers outnumbered sellers: 30 funds opened new RELY positions and 29 closed out — a net gain of 1 holder — while 59 added to existing stakes and 71 trimmed.

The largest buyer was Cadian Capital Management, opening a new position worth an estimated $123M. The largest seller was Wellington Management Group, cutting an estimated $27.9M.

  • 188 institutional investors held Remitly (RELY) as of Q1 2024, unchanged from Q4 2023.
  • Funds reported $3.03B of Remitly stock for Q1 2024, up 11% quarter-over-quarter.
  • 30 funds opened new Remitly positions in Q1 2024 and 29 closed out, a net change of +1 holder.
  • The largest Remitly buyer in Q1 2024 was Cadian Capital Management, an estimated $123M added.
  • The largest Remitly seller in Q1 2024 was Wellington Management Group, an estimated $27.9M sold.

Based on aggregated 13F filings for Q1 2024.