Remitly
RELY
188 hedge funds and large institutions have $3.03B invested in Remitly in 2024 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 59 increasing their positions, 71 reducing their positions, and 28 closing their positions.
113% more call options, than puts
Call options by funds: $10.5M | Put options by funds: $4.92M
11% more capital invested
Capital invested by funds: $2.72B → $3.03B (+$311M)
1.89% more ownership
Funds ownership: 75.53% → 77.42% (+1.9%)
7% more first-time investments, than exits
New positions opened: 30 | Existing positions closed: 28
1% more funds holding
Funds holding: 187 → 188 (+1)
17% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 71
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Cadian Capital Management
New York
|
+$123M |
| 2 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$49.7M |
| 3 |
EAM
Eventide Asset Management
Boston,
Massachusetts
|
+$19.5M |
| 4 |
JP Morgan Chase
New York
|
+$19.1M |
| 5 |
HRCM
Hood River Capital Management
Palm Beach Gardens,
Florida
|
+$11.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$27.9M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
-$20.3M |
| 3 |
Millennium Management
New York
|
-$12.9M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$12.7M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$10.8M |
RELY Hedge Fund Activity: Q1 2024 in Review
188 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Remitly (RELY) for Q1 2024, worth a combined $3.03B — up 11% from $2.72B a quarter earlier.
Buyers outnumbered sellers: 30 funds opened new RELY positions and 28 closed out — a net gain of 2 holders — while 59 added to existing stakes and 71 trimmed.
The largest buyer was Cadian Capital Management, opening a new position worth an estimated $123M. The largest seller was Wellington Management Group, cutting an estimated $27.9M.
- 188 institutional investors held Remitly (RELY) as of Q1 2024, up from 187 in Q4 2023.
- Funds reported $3.03B of Remitly stock for Q1 2024, up 11% quarter-over-quarter.
- 30 funds opened new Remitly positions in Q1 2024 and 28 closed out, a net change of +2 holders.
- The largest Remitly buyer in Q1 2024 was Cadian Capital Management, an estimated $123M added.
- The largest Remitly seller in Q1 2024 was Wellington Management Group, an estimated $27.9M sold.
Based on aggregated 13F filings for Q1 2024.