NOODLES & Co (NDLS) Institutional Ownership

Ownership Summary

A total of 43 institutions have reported a stake in NOODLES & Co (NASDAQ:NDLS) as of December 2025, according to recent 13F filings with the SEC.

• The collective stake of institutional investors in Noodles moved to 34.6% in December 2025, a shift down from the 37.9% reported for September 2025.
• On a quarter-over-quarter basis, institutional holdings shifted by 1.50%, with a year-over-year a decrease of 10.42% in the count of filers.
• During the quarter, 21 institutions bought more Noodles shares, 9 sold shares, and 13 of the 43 total investors held their position steady.
• The aggregate institutional position in Noodles now stands at 15.82Mn shares as of December 2025, after investors increased their holdings (up by 233.84K shares quarter on quarter which is down 3.87Mn shares year over year).
• As of December 31, 2025, Mill Road Capital Management LLC held Noodles's largest shareholding position with over 6.97Mn shares, representing 15.22% of total outstanding shares.
• Among the most significant buyers of Noodles during December 2025 were CITADEL ADVISORS LLC (243.01K), JANE STREET GROUP, LLC (222.08K), XTX Topco Ltd (94.75K), NORTHERN TRUST CORP (70.48K), NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO (49.66K).
• Leading sellers of Noodles stock in December 2025 included Nantahala Capital Management, LLC (380.78K), Creative Planning (110.00K), GOLDMAN SACHS GROUP INC (100.53K), MILLENNIUM MANAGEMENT LLC (95.91K), BlackRock, Inc. (14.97K).
• The top 10 institutional holders of Noodles for the quarter ending December 2025 included Mill Road Capital Management LLC (6.97Mn), Nantahala Capital Management, LLC (4.12Mn), VANGUARD GROUP INC (2.12Mn), BlackRock, Inc. (498.08K), GEODE CAPITAL MANAGEMENT, LLC (389.42K), CITADEL ADVISORS LLC (243.01K), JANE STREET GROUP, LLC (222.08K), STATE STREET CORP (181.96K), NORTHERN TRUST CORP (133.67K), UBS Group AG (98.89K).