NOODLES & Co (NDLS) Institutional Ownership

Institutions by Trading Activity

Ownership Statistics

46,458,845Shares Outstanding

1,983,330Shares held by institutions

$16,699,642Value of institutional holdings

4.27%Institutional ownership %

0.94%Shares Changed QoQ

44No. of institutional investors

Shares Owned by Institutions

Shares Purchased/Sold by Institutions

Ownership Summary

NOODLES & Co (NASDAQ:NDLS) appears in 44 institutional 13F filings for the quarter ending December 2025.

Their combined ownership stood at 4.3% of outstanding shares in December 2025, down from 4.7% in September 2025.
They increased total shares held in Noodles by 1.54% from the prior quarter, while the number of investors in NDLS decreased 8.33% year over year.
Of these 44 funds, 21 grew their exposure to Noodles, 10 cut back, and 13 maintained positions.
Combined, these investors held 1.98Mn shares in NDLS for December 2025, up by 30.04K shares quarter on quarter, and down 485.68K shares year over year.
Mill Road Capital Management LLC holds the largest position in NDLS at 870.66K shares as of December 31, 2025, or 1.87% of shares outstanding.
Top purchasers of NDLS stock for the quarter ending December 2025 included CITADEL ADVISORS LLC (30.38K), JANE STREET GROUP, LLC (25.77K), XTX Topco Ltd (11.84K), Northern Trust Corp (8.81K), NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO (6.21K).
The largest sales of NDLS for the quarter ending December 2025 came from Nantahala Capital Management, LLC (47.6K), Barclays Plc (14.66K), Creative Planning (13.75K), MILLENNIUM MANAGEMENT LLC (11.99K), Goldman Sachs Group Inc (9.4K).
According to Business Quant data, leading holders of NDLS for December 2025 are Mill Road Capital Management LLC (870.66K), Nantahala Capital Management, LLC (515.59K), VANGUARD GROUP INC (264.47K), BlackRock, Inc. (62.26K), GEODE CAPITAL MANAGEMENT, LLC (48.68K), CITADEL ADVISORS LLC (30.38K), JANE STREET GROUP, LLC (25.77K), State Street Corp (22.75K), Northern Trust Corp (16.71K), UBS Group AG (12.36K).

44 Institutional Holders

1,983,330 Total Shares Held

Rows:

Download Data

Owner Name	Date	Shares Held	Change (QoQ)	Change (%)	Value (USD)
Mill Road Capital Management LLC	31 Dec, 2025	870,661	0	0.00%	$4,917,495.00
Nantahala Capital Management, LLC	31 Dec, 2025	515,589	-47,598	-8.45%	$2,912,044.00
VANGUARD GROUP INC	31 Dec, 2025	264,474	0	0.00%	$1,493,750.00
BlackRock, Inc.	31 Dec, 2025	62,260	-1,872	-2.92%	$351,644.00
GEODE CAPITAL MANAGEMENT, LLC	31 Dec, 2025	48,678	3,423	7.56%	$275,001.00
CITADEL ADVISORS LLC	31 Dec, 2025	30,377	30,377	0.00%	$171,566.00
JANE STREET GROUP, LLC	31 Dec, 2025	25,773	25,773	0.00%	$145,566.00
State Street Corp	31 Dec, 2025	22,745	5,401	31.14%	$128,466.00
Northern Trust Corp	31 Dec, 2025	16,709	8,810	111.55%	$94,370.00
UBS Group AG	31 Dec, 2025	12,362	5,360	76.56%	$69,819.00
Creative Planning	31 Dec, 2025	12,089	-13,750	-53.21%	$68,277.00
XTX Topco Ltd	31 Dec, 2025	11,843	11,843	0.00%	$66,891.00
RENAISSANCE TECHNOLOGIES LLC	31 Dec, 2025	11,688	3,075	35.70%	$66,011.00
BRIDGEWAY CAPITAL MANAGEMENT, LLC	31 Dec, 2025	9,144	0	0.00%	$51,645.00
Barclays Plc	31 Dec, 2025	7,271	-14,665	-66.85%	$41,067.00
Goldman Sachs Group Inc	31 Dec, 2025	6,335	-9,398	-59.74%	$35,778.00
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	31 Dec, 2025	6,225	6,207	34,246.21%	$3,666,919.00
Assenagon Asset Management S.A.	31 Dec, 2025	5,579	3,008	117.02%	$31,509.00
Virtu Financial LLC	31 Dec, 2025	5,044	5,044	0.00%	$28.00
GSA CAPITAL PARTNERS LLP	31 Dec, 2025	4,713	4,713	0.00%	$27.00

1 - 20 of 44

Research Tools