National CineMedia
NCMI
103 hedge funds and large institutions have $384M invested in National CineMedia in 2025 Q2 according to their latest regulatory filings, with 14 funds opening new positions, 27 increasing their positions, 45 reducing their positions, and 22 closing their positions.
0.23% more ownership
Funds ownership: 83.76% → 83.99% (+0.23%)
8% less funds holding
Funds holding: 112 → 103 (-9)
18% less capital invested
Capital invested by funds: $467M → $384M (-$83.2M)
36% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 22
40% less repeat investments, than reductions
Existing positions increased: 27 | Existing positions reduced: 45
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
57% less call options, than puts
Call options by funds: $214K | Put options by funds: $503K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$22.8M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.86M |
| 3 |
SA
Sycale Advisors
New York
|
+$3.76M |
| 4 |
Barclays
London,
United Kingdom
|
+$1.68M |
| 5 |
State Street
Boston,
Massachusetts
|
+$1.13M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$8.93M |
| 2 |
JP Morgan Chase
New York
|
-$8.19M |
| 3 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$5.09M |
| 4 |
AQR Capital Management
Greenwich,
Connecticut
|
-$2.23M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$2.19M |
NCMI Hedge Fund Activity: Q2 2025 in Review
103 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in National CineMedia (NCMI) for Q2 2025, worth a combined $384M — down 18% from $467M a quarter earlier.
Sellers outnumbered buyers: 22 funds closed out of NCMI and 14 opened new positions — a net loss of 8 holders — while 45 trimmed existing stakes and 27 added.
The largest buyer was Orbis Allan Gray, opening a new position worth an estimated $22.8M. The largest seller was Hotchkis & Wiley Capital Management, cutting an estimated $8.93M.
- 103 institutional investors held National CineMedia (NCMI) as of Q2 2025, down from 112 in Q1 2025.
- Funds reported $384M of National CineMedia stock for Q2 2025, down 18% quarter-over-quarter.
- 14 funds opened new National CineMedia positions in Q2 2025 and 22 closed out, a net change of -8 holders.
- The largest National CineMedia buyer in Q2 2025 was Orbis Allan Gray, an estimated $22.8M added.
- The largest National CineMedia seller in Q2 2025 was Hotchkis & Wiley Capital Management, an estimated $8.93M sold.
Based on aggregated 13F filings for Q2 2025.