Remitly
RELY
187 hedge funds and large institutions have $2.72B invested in Remitly in 2023 Q4 according to their latest regulatory filings, with 37 funds opening new positions, 71 increasing their positions, 56 reducing their positions, and 37 closing their positions.
386% more call options, than puts
Call options by funds: $4.46M | Put options by funds: $917K
27% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 56
1.12% more ownership
Funds ownership: 74.41% → 75.53% (+1.1%)
0% more first-time investments, than exits
New positions opened: 37 | Existing positions closed: 37
3% less funds holding
Funds holding: 192 → 187 (-5)
20% less capital invested
Capital invested by funds: $3.4B → $2.72B (-$684M)
29% less funds holding in top 10
Funds holding in top 10: 7 → 5 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Baillie Gifford & Co
Edinburgh,
United Kingdom
|
+$113M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$52.2M |
| 3 |
Millennium Management
New York
|
+$47M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$30.3M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$23.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lord, Abbett & Co
Jersey City,
New Jersey
|
-$76.1M |
| 2 |
Prudential Financial
Newark,
New Jersey
|
-$29.5M |
| 3 |
Fuller & Thaler Asset Management
San Mateo,
California
|
-$20.8M |
| 4 |
IECM
Intrinsic Edge Capital Management
Chicago,
Illinois
|
-$20M |
| 5 |
JP Morgan Chase
New York
|
-$17.9M |
RELY Hedge Fund Activity: Q4 2023 in Review
187 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Remitly (RELY) for Q4 2023, worth a combined $2.72B — down 20% from $3.4B a quarter earlier.
Fund positioning in RELY was balanced in Q4 2023: 37 funds opened new positions, 37 closed out, 71 added to existing stakes and 56 trimmed.
The largest buyer was Baillie Gifford & Co, adding an estimated $113M. The largest seller was Lord, Abbett & Co, cutting an estimated $76.1M.
- 187 institutional investors held Remitly (RELY) as of Q4 2023, down from 192 in Q3 2023.
- Funds reported $2.72B of Remitly stock for Q4 2023, down 20% quarter-over-quarter.
- 37 funds opened new Remitly positions in Q4 2023 and 37 closed out, a net change of 0 holders.
- The largest Remitly buyer in Q4 2023 was Baillie Gifford & Co, an estimated $113M added.
- The largest Remitly seller in Q4 2023 was Lord, Abbett & Co, an estimated $76.1M sold.
Based on aggregated 13F filings for Q4 2023.