Remitly
RELY
152 hedge funds and large institutions have $2.06B invested in Remitly in 2023 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 49 increasing their positions, 37 reducing their positions, and 19 closing their positions.
322% more call options, than puts
Call options by funds: $6.23M | Put options by funds: $1.48M
79% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 19
60% more capital invested
Capital invested by funds: $1.29B → $2.06B (+$771M)
32% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 37
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
11% more funds holding
Funds holding: 137 → 152 (+15)
3.86% more ownership
Funds ownership: 65.8% → 69.66% (+3.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$64.8M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$54.5M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$40.6M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$17.8M |
| 5 |
JP Morgan Chase
New York
|
+$17.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$48.7M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$33.5M |
| 3 |
GIM
Generation Investment Management
London,
United Kingdom
|
-$24.7M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
-$16.3M |
| 5 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$11.9M |
RELY Hedge Fund Activity: Q1 2023 in Review
152 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Remitly (RELY) for Q1 2023, worth a combined $2.06B — up 60% from $1.29B a quarter earlier.
Buyers outnumbered sellers: 34 funds opened new RELY positions and 19 closed out — a net gain of 15 holders — while 49 added to existing stakes and 37 trimmed.
The largest buyer was Baillie Gifford & Co, adding an estimated $64.8M. The largest seller was Citadel Advisors, cutting an estimated $48.7M.
- 152 institutional investors held Remitly (RELY) as of Q1 2023, up from 137 in Q4 2022.
- Funds reported $2.06B of Remitly stock for Q1 2023, up 60% quarter-over-quarter.
- 34 funds opened new Remitly positions in Q1 2023 and 19 closed out, a net change of +15 holders.
- The largest Remitly buyer in Q1 2023 was Baillie Gifford & Co, an estimated $64.8M added.
- The largest Remitly seller in Q1 2023 was Citadel Advisors, an estimated $48.7M sold.
Based on aggregated 13F filings for Q1 2023.