Remitly
RELY
205 hedge funds and large institutions have $2.13B invested in Remitly in 2024 Q3 according to their latest regulatory filings, with 40 funds opening new positions, 85 increasing their positions, 54 reducing their positions, and 33 closing their positions.
110% more call options, than puts
Call options by funds: $6.96M | Put options by funds: $3.32M
57% more repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 54
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
21% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 33
11% more capital invested
Capital invested by funds: $1.91B → $2.13B (+$218M)
3% more funds holding
Funds holding: 200 → 205 (+5)
0.41% less ownership
Funds ownership: 81.82% → 81.41% (-0.41%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Cadian Capital Management
New York
|
+$39.6M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
+$27.2M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$15.8M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$15M |
| 5 |
LECM
Lead Edge Capital Management
New York
|
+$14.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$26.4M |
| 2 |
Morgan Stanley
New York
|
-$26.2M |
| 3 |
Millennium Management
New York
|
-$21.3M |
| 4 |
JP Morgan Chase
New York
|
-$20.5M |
| 5 |
EAM
Eventide Asset Management
Boston,
Massachusetts
|
-$15.4M |
RELY Hedge Fund Activity: Q3 2024 in Review
205 of the 6,978 institutional investors tracked by Wall St. Rank reported a position in Remitly (RELY) for Q3 2024, worth a combined $2.13B — up 11% from $1.91B a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new RELY positions and 33 closed out — a net gain of 7 holders — while 85 added to existing stakes and 54 trimmed.
The largest buyer was Cadian Capital Management, adding an estimated $39.6M. The largest seller was Wellington Management Group, cutting an estimated $26.4M.
- 205 institutional investors held Remitly (RELY) as of Q3 2024, up from 200 in Q2 2024.
- Funds reported $2.13B of Remitly stock for Q3 2024, up 11% quarter-over-quarter.
- 40 funds opened new Remitly positions in Q3 2024 and 33 closed out, a net change of +7 holders.
- The largest Remitly buyer in Q3 2024 was Cadian Capital Management, an estimated $39.6M added.
- The largest Remitly seller in Q3 2024 was Wellington Management Group, an estimated $26.4M sold.
Based on aggregated 13F filings for Q3 2024.