Remitly
RELY
159 hedge funds and large institutions have $2.33B invested in Remitly in 2023 Q2 according to their latest regulatory filings, with 26 funds opening new positions, 50 increasing their positions, 63 reducing their positions, and 18 closing their positions.
315% more call options, than puts
Call options by funds: $4.51M | Put options by funds: $1.09M
44% more first-time investments, than exits
New positions opened: 26 | Existing positions closed: 18
13% more capital invested
Capital invested by funds: $2.06B → $2.33B (+$272M)
5% more funds holding
Funds holding: 152 → 159 (+7)
0% more funds holding in top 10
Funds holding in top 10: 6 → 6 (0)
0.12% less ownership
Funds ownership: 69.66% → 69.54% (-0.12%)
21% less repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 63
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECM
Engle Capital Management
Greenwich,
Connecticut
|
+$17M |
| 2 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
+$13.3M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$13.3M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$12.8M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$12.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BOCH
Blue Owl Capital Holdings
New York
|
-$25.2M |
| 2 |
GIM
Generation Investment Management
London,
United Kingdom
|
-$13.9M |
| 3 |
Goldman Sachs
New York
|
-$13.8M |
| 4 |
BlackRock
New York
|
-$7.95M |
| 5 |
Adage Capital Partners
Boston,
Massachusetts
|
-$7.04M |
RELY Hedge Fund Activity: Q2 2023 in Review
159 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Remitly (RELY) for Q2 2023, worth a combined $2.33B — up 13% from $2.06B a quarter earlier.
Buyers outnumbered sellers: 26 funds opened new RELY positions and 18 closed out — a net gain of 8 holders — while 50 added to existing stakes and 63 trimmed.
The largest buyer was Engle Capital Management, opening a new position worth an estimated $17M. The largest seller was Blue Owl Capital Holdings, cutting an estimated $25.2M.
- 159 institutional investors held Remitly (RELY) as of Q2 2023, up from 152 in Q1 2023.
- Funds reported $2.33B of Remitly stock for Q2 2023, up 13% quarter-over-quarter.
- 26 funds opened new Remitly positions in Q2 2023 and 18 closed out, a net change of +8 holders.
- The largest Remitly buyer in Q2 2023 was Engle Capital Management, an estimated $17M added.
- The largest Remitly seller in Q2 2023 was Blue Owl Capital Holdings, an estimated $25.2M sold.
Based on aggregated 13F filings for Q2 2023.