Remitly
RELY
137 hedge funds and large institutions have $1.29B invested in Remitly in 2022 Q4 according to their latest regulatory filings, with 30 funds opening new positions, 43 increasing their positions, 34 reducing their positions, and 25 closing their positions.
209% more call options, than puts
Call options by funds: $4.55M | Put options by funds: $1.47M
26% more repeat investments, than reductions
Existing positions increased: 43 | Existing positions reduced: 34
20% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 25
7% more capital invested
Capital invested by funds: $1.2B → $1.29B (+$82.3M)
3% more funds holding
Funds holding: 133 → 137 (+4)
1.43% more ownership
Funds ownership: 64.38% → 65.8% (+1.4%)
38% less funds holding in top 10
Funds holding in top 10: 8 → 5 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$34.4M |
| 2 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$18M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$8.06M |
| 4 |
BlackRock
New York
|
+$7.13M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
+$5.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HRCM
Hawk Ridge Capital Management
Los Angeles,
California
|
-$10.8M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$8.74M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$6.13M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$5.36M |
| 5 |
SI
Sora Investors
Bryn Mawr,
Pennsylvania
|
-$4.61M |
RELY Hedge Fund Activity: Q4 2022 in Review
137 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Remitly (RELY) for Q4 2022, worth a combined $1.29B — up 6.8% from $1.2B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new RELY positions and 25 closed out — a net gain of 5 holders — while 43 added to existing stakes and 34 trimmed.
The largest buyer was Lord, Abbett & Co, adding an estimated $34.4M. The largest seller was Hawk Ridge Capital Management, exiting entirely with an estimated $10.8M sold.
- 137 institutional investors held Remitly (RELY) as of Q4 2022, up from 133 in Q3 2022.
- Funds reported $1.29B of Remitly stock for Q4 2022, up 6.8% quarter-over-quarter.
- 30 funds opened new Remitly positions in Q4 2022 and 25 closed out, a net change of +5 holders.
- The largest Remitly buyer in Q4 2022 was Lord, Abbett & Co, an estimated $34.4M added.
- The largest Remitly seller in Q4 2022 was Hawk Ridge Capital Management, an estimated $10.8M sold.
Based on aggregated 13F filings for Q4 2022.