GetCoattail Research — Remitly is a Seattle-based cross-border remittance company, and in October it sits on AltIndex's meme-stock list — after a summer in which five analysts raised their price targets and one firm cut its rating, ahead of a stock that has already risen 57.8% this year on our price file. The filings describe a register moving in two directions at once: one tracked superinvestor holds the stock and added 29.02% in the June quarter, the full market added 69 filers and 26,823,839 shares, its insiders have never recorded an open-market purchase against $522,759,253.86 of sales, its largest 5% holder went to zero, and the borrow against the stock has just printed the highest reading in its five-year series.
Start with the narrative. AltIndex's meme-stock list, updated on October 11, ranked Remitly by Reddit mentions over the prior 24 hours, with 24 mentions and a bullish sentiment flag, at a displayed price of $24.13. The analyst backdrop behind the ranking is broadly constructive, as aggregated by MarketBeat and reported on October 6: a Moderate Buy consensus from 13 analysts — one Hold, ten Buy and two Strong Buy ratings — with an average price target of $27.78. The summer's individual moves mostly pointed the same way: KeyCorp raised its target to $33 from $28 with an Overweight rating on August 6, Goldman Sachs raised its target to $30 from $27 with a Buy rating on July 9, Citizens JMP raised its target to $32 from $30 on August 6, Wolfe Research raised its target to $32 from $31 on August 25, and Cantor Fitzgerald raised its target to $30 from $28 on August 10. The one move in the other direction came on October 6, when Zacks Research cut the stock from Strong Buy to Hold. Our own price file, which ends October 2, puts the last close at $21.77 — up 57.8% year to date on that file, and 19.1% below the 252-session closing high of $26.92 set on September 3, 2026.
Now the filings. For Remitly — the forty-second Filing Tape audit — the tape is a study in registers that agree on accumulation and disagree on conviction: a single famous-money holder who added into a rising quarter, a broad market that widened by 69 filers, a 5% register whose largest holder exited to zero while another holder doubled, an insider record with zero purchases in it, an empty congressional register, and a borrow at its series maximum.
Lens 1: the superinvestors — one holder, 1,072,754 shares, increased 29.02%
We track 83 large, mostly long-only managers whose 13F portfolios we collect directly from SEC EDGAR. As of June 30, 2026, 1 held Remitly long — no option rows — totalling 1,072,754 shares worth $24,040,417. The direction count, on the collection's own labels, is one increased.
First Eagle Investment Management holds all of it: 1,072,754 shares worth $24,040,417, a 0.04% portfolio weight, flagged increased — 100.0% of the tracked cohort's Remitly shares, because it is the only holder. The cohort total moved from 831,454 shares at March 31 to 1,072,754 at June 30, a change of +29.02%, a difference of +241,300 shares, and that move is First Eagle's own: its first-quarter row was 831,454 shares, and its increase of 29.0% on the collection's label matches the recalculation. No manager appears in the collection's exit list for this name in the second quarter, and the two collections' second-quarter totals match to the share. The price rose from $15.67 at March 31 to $22.41 at June 30, a change of +43.0%, and the holder's reported value implies $22.41 per share, matching the June 30 close exactly. In other words, the one tracked manager in Remitly spent a quarter in which its price rose by more than two-fifths adding to the position — a register of one, moving one way, at a weight of four hundredths of one percent of its own portfolio.
Lens 2: institutions — 351 filers, up 69, shares up 17.13%
Zoom out to the whole 13F market and the June quarter was a widening register. At June 30, 2026, 351 institutions reported positions, up 69 from 282 at March 31 (+24.47%), and 347 reported long positions. Reported shares rose 17.13%, from 156,621,216 to 183,445,055 shares — 26,823,839 more shares than the prior quarter, held across more filers. Reported aggregate value rose 66.99% to $4,121,150,463; the aggregate includes option rows, so we headline filer and share counts and label dollars "reported" (see methodology). Here that caution barely moves the picture: the implied value per share, $22.47, sits just 0.3% above the June 30 close of $22.41. Set the two 13F lenses side by side and they agree on both dimensions: the tracked cohort added 29.02% and the full market added 17.13% on shares, while the full market's filer count grew by 69. The broad register spent the quarter broadening — more shares, more names reporting them.
Lens 3: the 5% register — nine filings, all of them passive, and the largest holder went to zero
Our full parse holds nine SC 13D/G filings for Remitly — one SC 13G original and eight SC 13G/A amendments, and no SC 13D filing at all, thirteen reporting persons on a row basis, the most recent filed August 11, 2026. The register's maximum percentage belongs to its earliest large row in this window: the Prosus and Naspers group rows — PayU Fintech Investments B.V., NASPERS LIMITED and PROSUS N.V., printed at identical counts — printed 25,441,745 shares (12.3%) as of May 14, 2025. The same group's rows, under the MIH Fintech Investments B.V., NASPERS LIMITED and Prosus N.V. names, then printed 13,441,745 shares (6.4%) as of March 12, 2026, and then 0 shares (0.0%) as of June 2, 2026, in the amendment filed August 11, 2026 — the register's most recent filing. We report the rows exactly as filed, under the names exactly as they appear, and read them in date order: the largest holder in this register went to zero. Moving the other way, FMR LLC — printed jointly with Abigail P. Johnson at identical counts — printed 10,736,104.31 shares (5.1%) as of March 31, 2026 and then 21,762,765.05 shares (10.3%) as of June 30, 2026, a doubling inside one quarter. BlackRock's latest row prints 17,508,232 shares (8.3%) as of June 30, 2026. Baillie Gifford's row prints 11,658,558 shares (5.6%) as of December 31, 2025. The Vanguard Group's row prints 0 shares (0.0%) as of March 13, 2026, and the Cadian Capital Management group's rows — three names at identical counts — print 5,509,814 shares (2.8%) as of December 31, 2024. We report rows as filed and never sum them across the register: the aggregation's total across these rows would add different dates together and present a history as if it were a register total. The structural fact of this lens is again the empty half: nine filings, all passive 13G paper, and not one 13D — no filer in this register has declared an active intent.
Lens 4: insiders — zero purchases in the parsed record, $522,759,253.86 of sales
The parsed Form 4 record holds 173 filings through October 2, 2026. Across it, open-market purchases total zero transactions — none in the full record, none in the last year, and none in the last 90 days. Against that stand 129 sales totalling 26,524,149 shares and $522,759,253.86, by twelve sellers, 60 of the 129 recorded as officer sales. The last year holds zero purchases against 72 sales of 13,857,032 shares for $234,378,313.48 by eleven sellers, and the last 90 days hold 23 sales of 1,187,006 shares for $29,621,604.09 by five sellers, three of the 23 recorded as officer sales. Our site's insider aggregate, compiled as of October 11 over its 90-day window, records the same zero purchases and the same 23 sales totalling $29,621,604.09 — an exact match with the full parse's 90-day window, with no difference in transactions or dollars. We headline the full parse and note the agreement here rather than blending two figures, because there is only one figure. In the parsed record, no Remitly insider has ever bought a share on the open market. We assign no motives to any of it; the record's shape is the fact — and the shape here is one-directional across the whole coverage, with an empty column on the other side.
Lens 5: Congress — no member, no transactions in either chamber
Across the congressional record we maintain (combined record as of October 3, 2026), Remitly shows no row at all: no member, no purchase transactions and no sale transactions. The House aggregate (as of October 3, 2026) carries no Remitly row, and the Senate aggregate (as of October 1, 2026) carries no Remitly row either, so the combined record is empty in both chambers rather than one-sided. Congressional disclosures report value ranges rather than amounts, so this lens records direction and counts only; here it records an absence, stated as plainly as a presence would be — the only lens in this audit with nothing in it.
Lens 6: short interest — 18,265,219 shares, the highest reading in the series
FINRA's files carry the borrow across 120 settlements, from September 30, 2021. As of September 15, 2026 — the most recent settlement — 18,265,219 Remitly shares were sold short, with days-to-cover of 4.53, up 7.75% from the prior settlement. Against the fundamentals file's 211,684,054 shares outstanding, that is 8.63% of the share count. What makes this reading stand out is not the level alone but its place in the series: the latest reading is the series maximum — no settlement in the 120 on file, back to September 2021, printed a larger borrow. The direction over the year points the same way: the latest reading is up 40.8% from 12,968,780 shares on September 15, 2025. Against the June 30, 2026 settlement reading of 16,113,645 shares — the same date the 13F lenses snapshot — the latest reading is up 13.4%, so the record was set after the quarter-end the 13F lenses describe, not before it. The series minimum is 841,979 shares on September 30, 2021, which is also the first settlement in the series.
The recent settlements run 15,185,770 on July 15, then 14,040,587, 14,407,108, 16,952,028 and 18,265,219 — a borrow that dipped in late July and then climbed through August into a September record. Set beside the price file, the geometry is the year's tension in one line: the stock closed at $21.77 on October 2, up 57.8% year to date, while the borrow against it stands at the highest level in five years of settlements.
The gap, stated plainly
The registers describe a stock the analyst community rates Moderate Buy at an average target of $27.78 — with five target raises over the summer and one October downgrade to Hold — months after its institutions had already moved, in opposite directions at different levels of the register. The tracked superinvestors held 1,072,754 shares at June 30 — one holder, First Eagle Investment Management, at 100.0% of it — having added 29.02% in a quarter when the price rose 43.0%. The full market moved the same way on both counts: 351 filers, up 69, holding 183,445,055 reported shares, up 26,823,839. The 5% register printed nine filings, every one of them passive: a Prosus and Naspers group that went from 25,441,745 shares (12.3%) to zero, an FMR row that doubled to 21,762,765.05 shares (10.3%), and not one 13D. Insiders, across 173 parsed filings, have recorded zero open-market purchases against $522,759,253.86 of sales by twelve sellers, with $234,378,313.48 of that selling inside the last year. Congress registers nothing at all — no member in either chamber. And the borrow, at 18,265,219 shares, stands at its series maximum, 40.8% above where it stood a year ago. One plausible reading is that the registers run on different clocks and different mandates: a single tracked fund added into a rising quarter at a negligible portfolio weight, the broad market widened, the register's largest strategic holder exited while an index-scale holder doubled, its own insiders have never bought across the whole parsed record, and short sellers spent the summer building a borrow to a record the rising price did not discourage. The record supports each clause separately; it does not say which register is right.
What would change the picture
Nothing above is a recommendation. It is a record. These are the filings that would change the description:
- 1. The 2026Q3 13Fs (filing window closing mid-November 2026). The tracked cohort held 1,072,754 shares at June 30 across one holder, after a 29.02% increase. Whether First Eagle Investment Management's position grows again, holds or disappears — and whether a second tracked name joins it — is the whole lens.
- 2. A first insider purchase. The parsed record holds zero purchase transactions across 173 filings, against $522,759,253.86 of sales. Any open-market purchase print — above all an officer purchase — would break the record's shape; continued silence would extend it.
- 3. A first 13D filing. The 5% register holds nine filings, all passive 13G paper, headed in this window by a 12.3% row that has since gone to zero. A first 13D — any filer declaring active intent — would change this lens from a register of index and strategic positions into something else.
- 4. Whether the borrow falls back from its record. Short interest stands at 18,265,219 shares, the series maximum across 120 settlements and up 40.8% in a year. A higher print would extend the record; a fall back toward the September 2025 reading of 12,968,780 would unwind the build.
- 5. Whether Congress prints a first row. The congressional register holds no Remitly row in either chamber. A first member's print, in either chamber and in either direction, would populate this lens for the first time in our record.
Until one of those prints, the record describes a stock held by one of our 83 tracked superinvestors — 1,072,754 shares, all of it one holder, increased 29.02% in a quarter the price rose 43.0% — whose full market added 26,823,839 reported shares across 69 more filers in the same quarter, whose 5% register is entirely passive paper in which the largest holder went to zero while another doubled, whose insiders have bought zero shares across the parsed record against $522,759,253.86 of sales, whose congressional register is empty in both chambers, and whose borrow has just printed the highest reading in its series.
Related reading: One of 83: The Only Superinvestor in Coinbase Added in Q2. Its Insiders Have Never Bought a Share. — Filing Tape #41; Two of 83: The Superinvestors Cut SanDisk 99.7% — to 768 Shares — in the Quarter It Rose 257.9% — Filing Tape #40; Zero of 83: The Superinvestors Aren't in IREN — Filing Tape #1. Remitly's own page: Remitly Global, Inc. (RELY) on GetCoattail.
Methodology and data notes
- Superinvestor lens: 83 managers collected directly from SEC EDGAR Form 13F (managers_13f collection), positions as of June 30, 2026; Remitly identified by CUSIP 75960P104. One distinct manager holds a long position totalling 1,072,754 shares; the reported row is long (no put or call rows); the direction on the collection's label is one increased, and the collection's exit list contains no row for this CUSIP. Quarter-to-quarter cohort totals (831,454 shares at March 31 across one filing row — First Eagle Investment Management 831,454 on the pipeline's CUSIP basis; 1,072,754 shares at June 30 across one filing row; change +29.02%) are from the site pipeline's holdings files on the same CUSIP basis in both quarters, and the pipeline's second-quarter total matches the EDGAR collection's long total exactly (difference of 0 shares and $0). First Eagle Investment Management's collection label (increased 29.0%) matches the pipeline recalculation (1,072,754 / 831,454 − 1). First Eagle Investment Management's share of the cohort is 100.0% = 1,072,754 / 1,072,754.
- Full-market lens: SEC Form 13F Data Sets full-market aggregation. The primary table is the full13f collection's by-ticker file (holders = distinct filers reporting the CUSIP; 347 of the 351 reported long positions), and its figures match the backfill fixtures' by-CUSIP row for 75960P104 exactly on holders, shares, reported value, prior holders and prior reported value. The by-ticker file's entered/exited fields (341 and 272, a net of +69 that matches the change in holder count) have no counterpart in the by-CUSIP aggregation, which does not publish them, so this audit does not rely on them. Reported-value caution: the aggregate value ($4,121,150,463 over 183,445,055 shares) implies ≈$22.47 per share against a June 30, 2026 close of $22.41 in our price file, a gap of +0.3%. The aggregate sums the VALUE of every information-table row — including put and call option rows — while the share count covers long common-stock rows only, so we headline filer and share counts and label dollar values "reported."
- Insider lens: full-parse Form 4 aggregation (agg_by_ticker), record as of October 2, 2026 (173 filings). Sale and purchase counts are transaction-code counts (S and P) in non-derivative rows; grants and exercises are not counted as purchases, and one filing can contain many transaction rows. Purchase transactions total 0 across the parsed record — in the full record, in the year through October 2, 2026, and in the 90 days through October 2, 2026 alike. Sale transactions total 129 across the record (26,524,149 shares, $522,759,253.86, twelve sellers, 60 of the 129 recorded as officer sales), 72 in the year through October 2, 2026 (13,857,032 shares, $234,378,313.48, eleven sellers), and 23 in the 90 days through October 2, 2026 (1,187,006 shares, $29,621,604.09, five sellers, three of the 23 recorded as officer sales). The site's insider aggregate (compiled as of October 11, 2026, 90-day window) records zero purchases, 23 sales and $29,621,604.09 of sale value — an exact match with the full parse's 90-day window on transactions, sellers and dollars. "Purchases" in this audit is scoped to this parsed record, whose 173 filings are the coverage stated here.
- 13D/G lens: full-parse SC 13D/G aggregation and parsed filings (9 filings matching CUSIP 75960P104 and issuer CIK 1782170, thirteen reporting persons on a row basis: 1 SC 13G original and 8 SC 13G/A amendments, no SC 13D filings), filings through August 11, 2026. The Prosus and Naspers group rows (PayU Fintech Investments B.V., NASPERS LIMITED and PROSUS N.V. at 25,441,745 shares at 12.3% as of May 14, 2025, filed August 11, 2025; MIH Fintech Investments B.V., NASPERS LIMITED and Prosus N.V. at 13,441,745 shares at 6.4% as of March 12, 2026, filed April 23, 2026; and at 0 shares at 0.0% as of June 2, 2026, filed August 11, 2026), FMR LLC's rows (10,736,104.31 shares at 5.1% as of March 31, 2026, filed May 6, 2026, printed jointly with Abigail P. Johnson at the identical count; 21,762,765.05 shares at 10.3% as of June 30, 2026, filed July 8, 2026), BlackRock, Inc.'s row (17,508,232 shares at 8.3% as of June 30, 2026, filed July 29, 2026), BAILLIE GIFFORD & CO's row (11,658,558 shares at 5.6% as of December 31, 2025, filed February 9, 2026), The Vanguard Group's row (0 shares at 0.0% as of March 13, 2026, filed March 27, 2026) and the Cadian Capital Management group rows (three reporting-person names at 5,509,814 shares at 2.8% as of December 31, 2024, filed February 13, 2025) are reported as filed, under the reporting-person names exactly as they appear. No rows are summed, because the aggregation's totalSharesReported field (227,344,440.72 shares) adds different dates together. No reason for any change is asserted — the filings themselves are the record.
- Congress lens: Senate PTR archive and House PTR archive as maintained on this site, combined record as of October 3, 2026 — no Remitly row in the combined record. The House aggregate (as of October 3, 2026) carries no Remitly row, and the Senate aggregate (as of October 1, 2026) carries no Remitly row either. Congressional disclosures report value ranges, so this lens records direction and counts only; here both are absent.
- Short interest lens: FINRA Equity Short Interest files (biweekly settlement dates), collected directly from FINRA's public distribution. The published series covers 120 settlements from September 30, 2021 (841,979 shares) to September 15, 2026. The maximum of the series is the latest reading: 18,265,219 shares on September 15, 2026, which sits 13.4% above the June 30, 2026 settlement reading of 16,113,645 and 40.8% above the September 15, 2025 reading of 12,968,780; the change from the prior settlement is +7.75%. The latest row's prior-settlement field (16,952,028) matches the prior settlement file's reported figure exactly. The series minimum is 841,979 shares on September 30, 2021, the first settlement in the series. FINRA publishes each settlement about two weeks after the fact. The share-count ratio (8.63%) uses the fundamentals file's shares-outstanding figure below.
- Fundamentals note: our fundamentals collection carries Remitly's revenue of $1,635,147,000 labelled fiscal 2025, its net income of $67,933,000 labelled fiscal 2025, and its assets of $1,458,713,000 labelled fiscal 2025 — all three fields carry the same fiscal year in the file. The file is marked ok for this name, with no missing fields: shares outstanding of 211,684,054 (as of August 3, 2026, sourced in the file to a dei EntityCommonStockSharesOutstanding count) and a file-computed market value of $4,911,070,214.302116. The file's price for the name is $23.20 as of October 6, 2026; our daily-close file ends October 2, 2026 at $21.77, and we keep the two files' figures separate rather than blending them.
- Prices: our own daily-close file for Remitly through October 2, 2026 ($21.77 close, +57.8% year to date on that file; 252-session closing high $26.92 on September 3, 2026; 252-session closing low $12.20 on November 12, 2025; closes of $15.67 at March 31, 2026 and $22.41 at June 30, 2026, a second-quarter change of +43.0%; change from June 30 to October 2 of -2.9% ((21.77 / 22.41) − 1)). The drawdown from the 252-session closing high is -19.1%, the gain from the 252-session closing low is +78.4%, and the series in our price file begins September 23, 2021 at $48.45.
- Market context sources: AltIndex's meme-stock list as updated on October 11, 2026 (Remitly ranked by Reddit mentions over the prior 24 hours, 24 mentions, bullish sentiment flag, displayed price $24.13), checked October 11, 2026; the analyst backdrop aggregated by MarketBeat (Moderate Buy consensus, average price target of $27.78, 13 analysts: 1 Hold, 10 Buy, 2 Strong Buy) as reported on October 6, 2026; and the individual target moves reported across financial outlets in the summer and autumn of 2026 (Goldman Sachs raised to $30 from $27 with a Buy rating on July 9; KeyCorp raised to $33 from $28 with an Overweight rating on August 6; Citizens JMP raised to $32 from $30 on August 6; Cantor Fitzgerald raised to $30 from $28 on August 10; Wolfe Research raised to $32 from $31 on August 25; Zacks Research cut its rating from Strong Buy to Hold on October 6). Figures we could not confirm against two sources were left out.
- Remitly is in the GetCoattail stock-page universe: Remitly Global, Inc. (RELY) stock page. Series data: rely_lens_data.csv · rely_short_interest_series.csv. Earlier audits: Coinbase · SanDisk · IREN.
Past patterns are not a promise of future results. For education only — not investment advice.
This article describes public filings as of the dates stated. It is not investment advice and makes no recommendation. Filings lag reality: 13F positions are as of June 30, 2026, and later trading is not yet public.
Revision history
- v1.0 — October 11, 2026: first publication.