Ranked by reported Q2 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 | $13.0M | 0.0% | 14.592% | 6.43% |
| 2 | Nantahala Capital Management, LLC | 554K | $8.3M | 0.0% | 9.281% | 0.14% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 219K | $3.3M | -5.3% | 3.663% | 0.00% |
| 4 | JANE STREET GROUP, LLC | 91K | $1.4M | +47.9% | 1.530% | 0.00% |
| 5 | RAFFA WEALTH MANAGEMENT, LLC | 33 | $1.1M | β | 0.001% | 0.00% |
| 6 | BlackRock, Inc. | 76K | $1.1M | +21.4% | 1.267% | 0.00% |
| 7 | CITADEL ADVISORS LLC | 62K | $933K | +209.3% | 1.046% | 0.00% |
| 8 | GOLDMAN SACHS GROUP INC | 56K | $836K | β | 0.938% | 0.00% |
| 9 | Assenagon Asset Management S.A. | 55K | $825K | β | 0.925% | 0.00% |
| 10 | GEODE CAPITAL MANAGEMENT, LLC | 50K | $750K | -8.5% | 0.840% | 0.00% |
| 11 | RENAISSANCE TECHNOLOGIES LLC | 35K | $530K | +165.9% | 0.595% | 0.00% |
| 12 | VANGUARD FIDUCIARY TRUST CO | 29K | $431K | +14.6% | 0.483% | 0.00% |
| 13 | Centiva Capital, LP | 27K | $408K | +9.5% | 0.458% | 0.00% |
| 14 | STATE STREET CORP | 23K | $340K | 0.0% | 0.381% | 0.00% |
| 15 | Quadrature Capital Ltd | 20K | $297K | +11.2% | 0.333% | 0.00% |
| 16 | TWO SIGMA INVESTMENTS, LP | 18K | $269K | β | 0.301% | 0.00% |
| 17 | Quinn Opportunity Partners LLC | 15K | $226K | +49.4% | 0.254% | 0.01% |
| 18 | XTX Topco Ltd | 12K | $180K | β | 0.202% | 0.00% |
| 19 | NORTHERN TRUST CORP | 10K | $153K | β | 0.172% | 0.00% |
| 20 | BARCLAYS PLC | 7K | $109K | +0.3% | 0.122% | 0.00% |
| 21 | MORGAN STANLEY | 3K | $41K | -2.1% | 0.046% | 0.00% |
| 22 | Vanguard Global Advisers, LLC | 2K | $24K | 0.0% | 0.026% | 0.00% |
| 23 | PNC FINANCIAL SERVICES GROUP, INC. | 596 | $9K | 0.0% | 0.010% | 0.00% |
| 24 | Arax Advisory Partners | 542 | $8K | +100.0% | 0.009% | 0.00% |
| 25 | JONES FINANCIAL COMPANIES LLLP | 369 | $6K | 0.0% | 0.006% | 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 Q2 2026, grouped by how each filer changed its position.
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 |
|---|---|---|---|---|---|---|
| Q2 2026 | 39 | +22% | 37.69% | +3.80 pp | $35M | +102% |
| Q1 2026 | 32 | 27% | 33.89% | 13.12 pp | $17M | +15% |
| Q4 2025 | 44 | +7.3% | 47.01% | +7.68 pp | $15M | +34% |
| Q3 2025 | 41 | 8.9% | 39.33% | 1.37 pp | $11M | 13% |
| Q2 2025 | 45 | 4.3% | 40.70% | 4.22 pp | $13M | 40% |
| Q1 2025 | 47 | 2.1% | 44.92% | 0.36 pp | $21M | +87% |
| Q4 2024 | 48 | 14% | 45.28% | 3.58 pp | $11M | 55% |
| Q3 2024 | 56 | β | 48.86% | β | $25M | 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 Q2 2026 13F filings, institutional ownership of Noodles & Company stands at 37.7%, held across 39 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 Q2 2026.
Yes β 4 widely-followed marquee investors appear among the top 25 institutional holders of NDLS, including JANE STREET GROUP, LLC, CITADEL ADVISORS LLC, RENAISSANCE TECHNOLOGIES LLC, TWO SIGMA INVESTMENTS, LP.
Our composite Smart Money Score for NDLS is 80 out of 100 (Strong Smart Money). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
8 institutions opened new positions in NDLS during Q2 2026, while 2 fully exited. 26 added to existing positions and 3 trimmed.
NDLS institutional ownership rose by 3.80 percentage points quarter-over-quarter, with a net change of +7 holders.
The top 10 institutions account for 91.2% 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