Remitly
RELY
192 hedge funds and large institutions have $3.4B invested in Remitly in 2023 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 72 increasing their positions, 50 reducing their positions, and 12 closing their positions.
478% more call options, than puts
Call options by funds: $8.76M | Put options by funds: $1.52M
292% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 12
46% more capital invested
Capital invested by funds: $2.33B → $3.4B (+$1.07B)
44% more repeat investments, than reductions
Existing positions increased: 72 | Existing positions reduced: 50
21% more funds holding
Funds holding: 159 → 192 (+33)
17% more funds holding in top 10
Funds holding in top 10: 6 → 7 (+1)
4.87% more ownership
Funds ownership: 69.54% → 74.41% (+4.9%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$65.8M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$29.1M |
| 3 |
DCM
Driehaus Capital Management
Chicago,
Illinois
|
+$26.3M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$20M |
| 5 |
Invesco
Atlanta,
Georgia
|
+$19.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BOCH
Blue Owl Capital Holdings
New York
|
-$26.1M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
-$21.8M |
| 3 |
GIM
Generation Investment Management
London,
United Kingdom
|
-$11.4M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$8.86M |
| 5 |
D.E. Shaw & Co
New York
|
-$4.72M |
RELY Hedge Fund Activity: Q3 2023 in Review
192 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Remitly (RELY) for Q3 2023, worth a combined $3.4B — up 46% from $2.33B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new RELY positions and 12 closed out — a net gain of 35 holders — while 72 added to existing stakes and 50 trimmed.
The largest buyer was BlackRock, adding an estimated $65.8M. The largest seller was Blue Owl Capital Holdings, exiting entirely with an estimated $26.1M sold.
- 192 institutional investors held Remitly (RELY) as of Q3 2023, up from 159 in Q2 2023.
- Funds reported $3.4B of Remitly stock for Q3 2023, up 46% quarter-over-quarter.
- 47 funds opened new Remitly positions in Q3 2023 and 12 closed out, a net change of +35 holders.
- The largest Remitly buyer in Q3 2023 was BlackRock, an estimated $65.8M added.
- The largest Remitly seller in Q3 2023 was Blue Owl Capital Holdings, an estimated $26.1M sold.
Based on aggregated 13F filings for Q3 2023.