Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in NDLS held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | Mill Road Capital Management LLC | 871K | $7.4M | -87.5% | 14.787% | 3.90% |
| 2 | Nantahala Capital Management, LLC | 554K | $4.7M | -86.6% | 9.404% | 0.24% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 231K | $2.0M | β | 3.918% | 0.00% |
| 4 | BlackRock, Inc. | 62K | $532K | -87.5% | 1.057% | 0.00% |
| 5 | JANE STREET GROUP, LLC | 62K | $528K | -72.2% | 1.048% | 0.00% |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 55K | $469K | -85.9% | 0.931% | 0.00% |
| 7 | VANGUARD FIDUCIARY TRUST CO | 25K | $215K | β | 0.427% | 0.00% |
| 8 | Centiva Capital, LP | 25K | $213K | β | 0.423% | 0.00% |
| 9 | STATE STREET CORP | 23K | $194K | -87.5% | 0.386% | 0.00% |
| 10 | CITADEL ADVISORS LLC | 20K | $172K | β | 0.343% | 0.00% |
| 11 | Quadrature Capital Ltd | 18K | $153K | β | 0.304% | 0.00% |
| 12 | RENAISSANCE TECHNOLOGIES LLC | 13K | $114K | -85.7% | 0.227% | 0.00% |
| 13 | Crewe Advisors LLC | 11K | $94K | β | 0.187% | 0.01% |
| 14 | Quinn Opportunity Partners LLC | 10K | $87K | -71.1% | 0.172% | 0.00% |
| 15 | BARCLAYS PLC | 7K | $62K | -87.5% | 0.123% | 0.00% |
| 16 | MORGAN STANLEY | 3K | $24K | -87.5% | 0.048% | 0.00% |
| 17 | Vanguard Global Advisers, LLC | 2K | $14K | β | 0.027% | 0.00% |
| 18 | GROUP ONE TRADING, L.P. | 1K | $12K | -91.2% | 0.025% | 0.00% |
| 19 | Tower Research Capital LLC (TRC) | 1K | $10K | -71.9% | 0.020% | 0.00% |
| 20 | UBS Group AG | 841 | $7K | -99.2% | 0.014% | 0.00% |
| 21 | PNC FINANCIAL SERVICES GROUP, INC. | 596 | $5K | -87.5% | 0.010% | 0.00% |
| 22 | JONES FINANCIAL COMPANIES LLLP | 369 | $3K | -9.6% | 0.006% | 0.00% |
| 23 | SRS Capital Advisors, Inc. | 271 | $2K | -95.6% | 0.005% | 0.00% |
| 24 | Caitong International Asset Management Co., Ltd | 81 | $693 | β | 0.001% | 0.00% |
| 25 | BNP PARIBAS ARBITRAGE, SA | 54 | $462 | -86.1% | 0.001% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in NDLS β a direct measure of their conviction.
Filings activity in NDLS during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new NDLS position in Q1 2026
Institutions that fully closed their NDLS position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 31 | 28% | 20.31% | +2.93 pp | $17M | +17% |
| Q4 2025 | 43 | +4.9% | 17.38% | +4.24 pp | $15M | +32% |
| Q3 2025 | 41 | 8.9% | 13.14% | 1.90 pp | $11M | 13% |
| Q2 2025 | 45 | 4.3% | 15.04% | 10.18 pp | $13M | 40% |
| Q1 2025 | 47 | 2.1% | 25.22% | +11.73 pp | $21M | +87% |
| Q4 2024 | 48 | 14% | 13.49% | 16.69 pp | $11M | 55% |
| Q3 2024 | 56 | 25% | 30.18% | 13.59 pp | $25M | 31% |
| Q2 2024 | 75 | β | 43.77% | β | $37M | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying NDLS stock.
Based on Q1 2026 13F filings, institutional ownership of Noodles & Company stands at 20.3%, held across 31 reporting institutions.
Mill Road Capital Management LLC is the largest reported institutional holder of NDLS, with approximately 870,660 shares worth $0.01B as of Q1 2026.
Yes β 3 widely-followed marquee investors appear among the top 25 institutional holders of NDLS, including JANE STREET GROUP, LLC, CITADEL ADVISORS LLC, RENAISSANCE TECHNOLOGIES LLC.
Our composite Smart Money Score for NDLS is 61 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
9 institutions opened new positions in NDLS during Q1 2026, while 21 fully exited. 19 added to existing positions and 2 trimmed.
NDLS institutional ownership rose by 2.93 percentage points quarter-over-quarter, with a net change of -12 holders.
The top 10 institutions account for 96.5% of all reported 13F value in NDLS, and the top 25 account for 100.0%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Noodles & Company (NDLS) Institutional Ownership