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
$0.71
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
17,388,058
Total reported value
$11,051,886
% of total 13F portfolios
0%
Share change
-552,663
Value change
-$379,172
Number of holders
41
Price from insider filings
$0.71
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% $4,327,996 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 30 Sep 2025, 41 institutional investors reported holding 17,388,058 shares of NOODLES & Co - Class A Common Stock, $0.01 par value per share (NDLS). This represents 38% 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 38% 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% 2.3% $4,427,138
Nantahala Capital Management, LLC 9.8% 4,505,489 0% 0.18% $2,863,689
VANGUARD GROUP INC 4.6% 2,115,793 0% 0% $1,345,644
FMR LLC 3.6% 1,640,214 -4.4% 0% $1,042,519
BlackRock, Inc. 1.1% 513,053 -1.2% 0% $326,096
GEODE CAPITAL MANAGEMENT, LLC 0.78% 362,037 0% 0% $230,177
Creative Planning 0.45% 206,710 0% 0% $131,385
STATE STREET CORP 0.3% 138,752 0% 0% $88,191
MILLENNIUM MANAGEMENT LLC 0.28% 128,088 -30% 0% $81,413
GOLDMAN SACHS GROUP INC 0.27% 125,864 +52% 0% $79,999
BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.16% 73,152 0% 0% $46,495
RENAISSANCE TECHNOLOGIES LLC 0.15% 68,900 -64% 0% $43,793
NORTHERN TRUST CORP 0.14% 63,186 0% 0% $40,161
BARCLAYS PLC 0.13% 58,169 0% 0% $36,972
UBS Group AG 0.12% 56,012 +4432% 0% $35,624
Invesco Ltd. 0.09% 39,291 -51% 0% $24,973
Crescent Grove Advisors, LLC 0.08% 35,085 0% 0% $22,300
Quinn Opportunity Partners LLC 0.08% 35,000 0% 0% $22,246
SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.07% 33,168 0% $21,082
US BANCORP \DE\ 0.06% 29,000 0% 0% $18,432
XTX Topco Ltd 0.06% 28,839 +6.7% 0% $18,330
Capstone Financial Advisors, Inc. 0.05% 25,000 0% 0% $15,890
HSBC HOLDINGS PLC 0.05% 23,403 -11% 0% $14,980
MORGAN STANLEY 0.05% 22,438 -38% 0% $14,261
Assenagon Asset Management S.A. 0.04% 20,565 -18% 0% $13,071

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 44,805 $31,634 +$16,990 $0.71 3
2025 Q3 17,388,058 $11,051,886 -$379,172 $0.64 41
2025 Q2 17,940,728 $12,788,390 -$1,526,078 $0.71 44
2025 Q1 19,609,067 $21,293,329 +$111,971 $1.09 47
2024 Q4 19,686,175 $11,394,886 -$1,294,345 $0.58 45
2024 Q3 21,496,739 $25,794,449 -$3,070,185 $1.20 55
2024 Q2 23,591,390 $37,279,271 -$7,754,330 $1.58 73
2024 Q1 28,121,373 $53,708,613 -$3,207,684 $1.91 77
2023 Q4 29,500,302 $92,925,305 -$1,233,709 $3.15 82
2023 Q3 29,843,470 $73,413,607 -$15,362,435 $2.46 74
2023 Q2 33,830,654 $114,349,709 -$13,710,290 $3.38 95
2023 Q1 36,526,034 $177,143,887 +$4,170,481 $4.85 107
2022 Q4 35,617,796 $195,541,200 +$255,970 $5.49 99
2022 Q3 35,427,993 $166,512,509 -$3,247,185 $4.70 96
2022 Q2 37,795,379 $177,653,386 -$2,241,935 $4.70 93
2022 Q1 38,166,857 $228,133,477 -$10,065,462 $5.97 95
2021 Q4 38,720,027 $351,195,417 +$2,051,591 $9.07 105
2021 Q3 38,106,926 $449,683,776 -$13,362,777 $11.80 105
2021 Q2 39,023,356 $487,013,200 +$8,430,434 $12.48 98
2021 Q1 38,626,136 $399,790,656 +$11,503,496 $10.35 90
2020 Q4 38,138,473 $301,297,413 +$11,266,523 $7.90 89
2020 Q3 31,212,946 $214,454,801 +$11,831,092 $6.87 87
2020 Q2 27,245,348 $164,831,184 -$1,666,290 $6.05 80
2020 Q1 31,905,012 $150,272,745 +$4,125,257 $4.71 87
2019 Q4 27,967,811 $154,934,196 +$601,184 $5.54 87
2019 Q3 30,975,260 $175,305,809 +$12,184,577 $5.66 85
2019 Q2 31,357,781 $247,045,776 +$12,976,995 $7.88 88
2019 Q1 30,577,681 $207,922,312 +$5,355,907 $6.80 95
2018 Q4 29,920,697 $209,138,300 -$18,560,216 $6.99 105
2018 Q3 31,152,455 $376,936,082 +$69,343,022 $12.10 98
2018 Q2 25,465,082 $313,224,166 +$52,013,218 $12.30 79
2018 Q1 21,348,518 $161,185,924 +$4,300,251 $7.55 62
2017 Q4 20,000,862 $105,002,130 -$14,105,335 $5.25 59
2017 Q3 26,279,726 $115,599,937 +$1,713,869 $4.40 52
2017 Q2 25,949,611 $101,204,391 +$16,757,307 $3.90 58
2017 Q1 21,487,266 $123,545,196 -$236,273 $5.75 58
2016 Q4 22,556,271 $92,570,566 -$1,412,766 $4.10 67
2016 Q3 22,577,516 $107,468,343 -$28,136,223 $4.76 71
2016 Q2 25,491,202 $249,304,445 -$279,567 $9.78 70
2016 Q1 25,514,447 $302,930,997 +$13,187,038 $11.86 72
2015 Q4 24,429,252 $236,717,281 -$16,168,804 $9.69 71
2015 Q3 25,499,405 $361,319,294 -$4,315,693 $14.16 88
2015 Q2 25,533,452 $372,784,633 -$34,227,586 $14.60 95
2015 Q1 20,714,701 $361,248,539 -$24,094,710 $17.44 95
2014 Q4 21,274,100 $560,547,999 +$91,640,263 $26.35 90
2014 Q3 26,396,188 $506,546,332 -$94,963,609 $19.19 81
2014 Q2 27,357,865 $940,311,206 +$5,202,502 $34.39 94
2014 Q1 27,055,517 $1,067,708,128 +$338,876,490 $39.47 95