Remitly
RELY
133 hedge funds and large institutions have $1.2B invested in Remitly in 2022 Q3 according to their latest regulatory filings, with 34 funds opening new positions, 51 increasing their positions, 22 reducing their positions, and 18 closing their positions.
77,833% more call options, than puts
Call options by funds: $4.68M | Put options by funds: $6K
132% more repeat investments, than reductions
Existing positions increased: 51 | Existing positions reduced: 22
89% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 18
69% more capital invested
Capital invested by funds: $713M → $1.2B (+$490M)
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
14% more funds holding
Funds holding: 117 → 133 (+16)
8.39% more ownership
Funds ownership: 55.99% → 64.38% (+8.4%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$29.7M |
| 2 |
JP Morgan Chase
New York
|
+$26.7M |
| 3 |
BlackRock
New York
|
+$20.7M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$19.9M |
| 5 |
Millennium Management
New York
|
+$11.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
-$21.5M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$4.9M |
| 3 |
Lazard Asset Management
New York
|
-$2.9M |
| 4 |
D.E. Shaw & Co
New York
|
-$2.33M |
| 5 |
PAMS
Pictet Asset Management (Switzerland)
Geneva 73,
Switzerland
|
-$2.14M |
RELY Hedge Fund Activity: Q3 2022 in Review
133 of the 5,828 institutional investors tracked by Wall St. Rank reported a position in Remitly (RELY) for Q3 2022, worth a combined $1.2B — up 69% from $713M a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new RELY positions and 18 closed out — a net gain of 16 holders — while 51 added to existing stakes and 22 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $29.7M. The largest seller was Hawk Ridge Capital Management, cutting an estimated $21.5M.
- 133 institutional investors held Remitly (RELY) as of Q3 2022, up from 117 in Q2 2022.
- Funds reported $1.2B of Remitly stock for Q3 2022, up 69% quarter-over-quarter.
- 34 funds opened new Remitly positions in Q3 2022 and 18 closed out, a net change of +16 holders.
- The largest Remitly buyer in Q3 2022 was Citadel Advisors, an estimated $29.7M added.
- The largest Remitly seller in Q3 2022 was Hawk Ridge Capital Management, an estimated $21.5M sold.
Based on aggregated 13F filings for Q3 2022.