We are live on ! Find out more
NCMI icon

National CineMedia
NCMI

104 hedge funds and large institutions have $252M invested in National CineMedia in 2026 Q1 according to their latest regulatory filings, with 24 funds opening new positions, 37 increasing their positions, 29 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

50% more first-time investments, than exits

New positions opened: 24 | Existing positions closed: 16

28% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 29

4% more funds holding

Funds holding: 100 → 104 (+4)

1.33% more ownership

Funds ownership: 87.29% → 88.62% (+1.3%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

21% less capital invested

Capital invested by funds: $319M → $252M (-$66.6M)

65% less call options, than puts

Call options by funds: $96K | Put options by funds: $272K

Holders
104
Holders Change
+4
Holders Change %
+4%
% of All Funds
1.28%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
24
Increased
37
Reduced
29
Closed
16
Calls
$96K
Puts
$272K
Net Calls
-$176K
Net Calls Change
-$282K

Top Buyers

1
Hotchkis & Wiley Capital Management
Hotchkis & Wiley Capital Management
California
+$6.88M
2
ER
EVR Research
Virginia
+$3.62M
3
LCG
Luxor Capital Group
New York
+$2.43M
4
ZA
Zazove Associates
Nevada
+$1.61M
5
BCM
Bridgeway Capital Management
Texas
+$741K

Top Sellers

1
SA
Sycale Advisors
New York
-$5.58M
2
First Eagle Investment Management
First Eagle Investment Management
New York
-$2.88M
3
OAG
Orbis Allan Gray
Bermuda
-$1.35M
4
GC
Gratia Capital
California
-$1.17M
5
Millennium Management
Millennium Management
New York
-$651K
Name Holding Trade Value Shares
Change 		Change in
Stake
Deutsche Bank
51
Deutsche Bank
Germany
$127K -$147K -42,003 -50%
VGA
52
Vanguard Global Advisers
Pennsylvania
$110K +$127K +36,083 New
VA
53
Vident Advisory
Georgia
$101K +$116K +33,030 New
PA
54
Pinnacle Associates
New York
$99.4K +$114K +32,589 New
Mirae Asset Global ETFs Holdings
55
Mirae Asset Global ETFs Holdings
Hong Kong
$95.5K +$2.63K +748 +2%
Squarepoint
56
Squarepoint
New York
$91.1K +$105K +29,856 New
MIM
57
MetLife Investment Management
New Jersey
$90K +$12.9K +3,688 +14%
AllianceBernstein
58
AllianceBernstein
Tennessee
$81.5K – – –
Wells Fargo
59
Wells Fargo
California
$76.4K -$173K -49,292 -66%
TSS
60
Two Sigma Securities
New York
$66.1K +$15.5K +4,423 +26%
Manulife (Manufacturers Life Insurance)
61
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$59.7K -$9.21K -2,623 -12%
Renaissance Technologies
62
Renaissance Technologies
New York
$59.2K +$68.1K +19,400 New
PFSRSONJ
63
Police & Firemen's Retirement System of New Jersey
New Jersey
$55.6K – – –
IIM
64
INTECH Investment Management
Florida
$53.2K -$76.3K -21,720 -55%
Fidelity Investments
65
Fidelity Investments
Massachusetts
$52.7K +$36.6K +10,420 +152%
XT
66
XTX Topco
Cayman Islands
$49.7K +$57.3K +16,306 New
NA
67
NewEdge Advisors
Louisiana
$44.3K +$51K +14,517 New
BNP Paribas Financial Markets
68
BNP Paribas Financial Markets
France
$43.9K -$2.98K -848 -6%
Legal & General Group
69
Legal & General Group
United Kingdom
$43.7K – – –
DTL
70
Dynamic Technology Lab
Singapore
$34K +$39.1K +11,133 New
TRCT
71
Tower Research Capital (TRC)
New York
$33.6K +$23.2K +6,605 +150%
New York State Common Retirement Fund
72
New York State Common Retirement Fund
New York
$27.1K – – –
Russell Investments Group
73
Russell Investments Group
United Kingdom
$26.3K -$271K -77,264 -90%
AIP
74
Ameritas Investment Partners
Nebraska
$21.2K – – –
Citigroup
75
Citigroup
New York
$16.5K +$5.94K +1,691 +45%
1 2
3
4 5

NCMI Hedge Fund Activity: Q1 2026 in Review

104 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in National CineMedia (NCMI) for Q1 2026, worth a combined $252M — down 21% from $319M a quarter earlier.

Buyers outnumbered sellers: 24 funds opened new NCMI positions and 16 closed out — a net gain of 8 holders — while 37 added to existing stakes and 29 trimmed.

The largest buyer was Hotchkis & Wiley Capital Management, adding an estimated $6.88M. The largest seller was Sycale Advisors, cutting an estimated $5.58M.

  • 104 institutional investors held National CineMedia (NCMI) as of Q1 2026, up from 100 in Q4 2025.
  • Funds reported $252M of National CineMedia stock for Q1 2026, down 21% quarter-over-quarter.
  • 24 funds opened new National CineMedia positions in Q1 2026 and 16 closed out, a net change of +8 holders.
  • The largest National CineMedia buyer in Q1 2026 was Hotchkis & Wiley Capital Management, an estimated $6.88M added.
  • The largest National CineMedia seller in Q1 2026 was Sycale Advisors, an estimated $5.58M sold.

Based on aggregated 13F filings for Q1 2026.