NOODLES & Co - Class A Common Stock, $0.01 par value per share (NDLS) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Class A Common Stock, $0.01 par value per share
Symbol
NDLS on Nasdaq
Shares outstanding
46,153,846
Price per share
$0.76
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
15,750,901
Total reported value
$11,120,589
% of total 13F portfolios
0%
Share change
-1,648,687
Value change
-$1,039,843
Number of holders
41
Price from insider filings
$0.76
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of NOODLES & Co - Class A Common Stock, $0.01 par value per share (NDLS) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Nantahala Capital Management, LLC 9.9% $4,463,246 4,508,329 Nantahala Capital Management, LLC 30 Sep 2024
Galloway Capital Partners, LLC 6% $1,910,528 2,809,600 Galloway Capital Partners, LLC 01 Dec 2025
Diveroli Investment Group LLC 1.3% $408,000 600,000 Diveroli Investment Group LLC 03 Dec 2025

As of 31 Dec 2025, 41 institutional investors reported holding 15,750,901 shares of NOODLES & Co - Class A Common Stock, $0.01 par value per share (NDLS). This represents 34% of the company’s total 46,153,846 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of NOODLES & Co - Class A Common Stock, $0.01 par value per share (NDLS) together control 34% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
Mill Road Capital Management LLC 15% 6,965,291 0% 2.9% $4,917,495
Nantahala Capital Management, LLC 8.9% 4,124,708 -8.5% 0.17% $2,912,044
VANGUARD GROUP INC 4.6% 2,115,793 0% 0% $1,493,750
BlackRock, Inc. 1.1% 498,080 -2.9% 0% $351,644
GEODE CAPITAL MANAGEMENT, LLC 0.84% 389,421 +7.6% 0% $275,001
CITADEL ADVISORS LLC 0.53% 243,012 0% $171,566
JANE STREET GROUP, LLC 0.45% 206,184 0% $145,566
STATE STREET CORP 0.39% 181,963 +31% 0% $128,466
NORTHERN TRUST CORP 0.29% 133,668 +112% 0% $94,370
UBS Group AG 0.21% 98,894 +77% 0% $69,819
Creative Planning 0.21% 96,710 -53% 0% $68,277
XTX Topco Ltd 0.21% 94,746 +229% 0% $66,891
RENAISSANCE TECHNOLOGIES LLC 0.2% 93,500 +36% 0% $66,011
BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.16% 73,152 0% 0% $51,645
BARCLAYS PLC 0.13% 58,169 0% 0% $41,067
Assenagon Asset Management S.A. 0.1% 44,630 +117% 0% $31,509
GSA CAPITAL PARTNERS LLP 0.08% 37,702 0% $27,000
Crescent Grove Advisors, LLC 0.08% 35,085 0% 0% $24,770
Quinn Opportunity Partners LLC 0.08% 35,000 0% 0% $24,710
Lotus Technology Management, LP 0.07% 34,433 0% 0.01% $24,310
MILLENNIUM MANAGEMENT LLC 0.07% 32,181 -75% 0% $22,720
GOLDMAN SACHS GROUP INC 0.05% 25,339 -80% 0% $17,889
Capstone Financial Advisors, Inc. 0.05% 25,000 0% 0% $17,650
MORGAN STANLEY 0.05% 22,438 0% 0% $15,841
SIMPLEX TRADING, LLC 0.05% 20,781 +20% 0% $14,671

Institutional Holders of NOODLES & Co - Class A Common Stock, $0.01 par value per share (NDLS) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 15,750,901 $11,120,589 -$1,039,843 $0.71 41
2025 Q3 17,388,058 $11,051,886 -$379,173 $0.64 41
2025 Q2 17,940,728 $12,788,390 -$1,526,075 $0.71 44
2025 Q1 19,609,067 $21,293,329 +$111,969 $1.09 47
2024 Q4 19,686,675 $11,395,176 -$1,294,059 $0.58 45
2024 Q3 21,496,739 $25,794,449 -$3,070,703 $1.20 55
2024 Q2 23,591,717 $37,279,788 -$7,774,728 $1.58 74
2024 Q1 28,121,373 $53,708,877 -$3,308,814 $1.91 76
2023 Q4 29,500,302 $92,925,093 -$1,095,131 $3.15 82
2023 Q3 29,843,470 $73,413,981 -$15,362,144 $2.46 74
2023 Q2 33,830,654 $114,349,362 -$13,710,287 $3.38 95
2023 Q1 36,526,034 $177,144,208 +$4,172,781 $4.85 107
2022 Q4 35,637,205 $195,647,637 +$1,488,421 $5.49 101
2022 Q3 35,468,496 $166,702,780 -$3,250,762 $4.70 99
2022 Q2 37,853,614 $177,927,386 -$2,163,140 $4.70 95
2022 Q1 38,227,114 $228,493,477 -$9,999,686 $5.97 98
2021 Q4 38,818,716 $352,090,417 +$1,522,010 $9.07 107
2021 Q3 38,118,908 $449,824,776 -$13,124,721 $11.80 105
2021 Q2 39,205,834 $489,290,200 +$7,442,832 $12.48 101
2021 Q1 38,717,266 $400,733,656 +$17,820,939 $10.35 92
2020 Q4 37,400,077 $295,464,413 +$11,359,638 $7.90 90
2020 Q3 31,230,138 $214,572,801 +$11,837,878 $6.87 88
2020 Q2 29,501,044 $178,477,184 -$581,256 $6.05 83
2020 Q1 31,907,011 $150,281,745 +$4,131,498 $4.71 88
2019 Q4 30,075,981 $166,612,196 +$629,304 $5.54 90
2019 Q3 33,077,912 $187,207,809 +$12,458,805 $5.66 87
2019 Q2 31,388,639 $247,286,776 +$11,071,496 $7.88 90
2019 Q1 30,645,629 $208,383,312 +$4,965,754 $6.80 97
2018 Q4 30,049,150 $210,034,300 -$18,293,124 $6.99 109
2018 Q3 31,208,813 $377,618,082 +$69,503,090 $12.10 101
2018 Q2 25,508,248 $313,755,166 +$52,116,110 $12.30 82
2018 Q1 21,352,868 $161,218,924 +$4,290,592 $7.55 64
2017 Q4 20,842,165 $109,419,130 -$13,964,001 $5.25 61
2017 Q3 26,401,494 $116,135,937 +$2,097,697 $4.40 56
2017 Q2 25,982,452 $101,332,391 +$16,621,125 $3.90 62
2017 Q1 22,368,957 $128,616,196 +$4,495,768 $5.75 60
2016 Q4 22,557,384 $92,575,566 -$1,517,893 $4.10 70
2016 Q3 22,577,866 $107,470,343 -$28,134,379 $4.76 72
2016 Q2 25,499,990 $249,390,445 -$412,315 $9.78 73
2016 Q1 18,687,218 $221,959,997 +$13,113,352 $11.86 72
2015 Q4 24,440,494 $236,826,281 -$16,240,399 $9.69 74
2015 Q3 18,664,521 $264,537,294 -$3,219,833 $14.16 87
2015 Q2 18,915,002 $276,155,633 -$35,091,595 $14.60 95
2015 Q1 20,740,104 $361,691,539 -$23,646,306 $17.44 96
2014 Q4 21,303,008 $561,308,999 +$91,104,418 $26.35 91
2014 Q3 26,447,269 $507,527,987 -$94,316,181 $19.19 80
2014 Q2 27,357,945 $940,313,206 +$5,242,984 $34.39 95
2014 Q1 27,062,554 $1,067,985,128 +$337,499,113 $39.47 96