Remitly
RELY
117 hedge funds and large institutions have $713M invested in Remitly in 2022 Q2 according to their latest regulatory filings, with 44 funds opening new positions, 37 increasing their positions, 19 reducing their positions, and 19 closing their positions.
132% more first-time investments, than exits
New positions opened: 44 | Existing positions closed: 19
103% more call options, than puts
Call options by funds: $1.59M | Put options by funds: $782K
95% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 19
23% more funds holding
Funds holding: 95 → 117 (+22)
7.39% more ownership
Funds ownership: 48.59% → 55.99% (+7.4%)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
9% less capital invested
Capital invested by funds: $787M → $713M (-$74.1M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
+$66.1M |
| 2 |
BlackRock
New York
|
+$36.2M |
| 3 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
+$30M |
| 4 |
State Street
Boston,
Massachusetts
|
+$10.4M |
| 5 |
JP Morgan Chase
New York
|
+$8.19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$16.6M |
| 2 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$9.96M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$8.81M |
| 4 |
Goldman Sachs
New York
|
-$7.27M |
| 5 |
D.E. Shaw & Co
New York
|
-$4.09M |
RELY Hedge Fund Activity: Q2 2022 in Review
117 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in Remitly (RELY) for Q2 2022, worth a combined $713M — down 9.4% from $787M a quarter earlier.
Buyers outnumbered sellers: 44 funds opened new RELY positions and 19 closed out — a net gain of 25 holders — while 37 added to existing stakes and 19 trimmed.
The largest buyer was Vanguard Group, adding an estimated $66.1M. The largest seller was Millennium Management, exiting entirely with an estimated $16.6M sold.
- 117 institutional investors held Remitly (RELY) as of Q2 2022, up from 95 in Q1 2022.
- Funds reported $713M of Remitly stock for Q2 2022, down 9.4% quarter-over-quarter.
- 44 funds opened new Remitly positions in Q2 2022 and 19 closed out, a net change of +25 holders.
- The largest Remitly buyer in Q2 2022 was Vanguard Group, an estimated $66.1M added.
- The largest Remitly seller in Q2 2022 was Millennium Management, an estimated $16.6M sold.
Based on aggregated 13F filings for Q2 2022.