National CineMedia
NCMI
133 hedge funds and large institutions have $870M invested in National CineMedia in 2014 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 65 increasing their positions, 41 reducing their positions, and 19 closing their positions.
59% more repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 41
20% more call options, than puts
Call options by funds: $620K | Put options by funds: $516K
4% less funds holding
Funds holding: 138 → 133 (-5)
24% less capital invested
Capital invested by funds: $1.15B → $870M (-$279M)
26% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 19
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
+$19.4M |
| 2 |
JP Morgan Chase
New York
|
+$14.9M |
| 3 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$8.89M |
| 4 |
SOMRS
State of Michigan Retirement System
Lansing,
Michigan
|
+$8.37M |
| 5 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
+$7.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
TimesSquare Capital Management
New York
|
-$21.2M |
| 2 |
MHP
Manatuck Hill Partners
Westport,
Connecticut
|
-$12.3M |
| 3 |
Capital World Investors
Los Angeles,
California
|
-$11M |
| 4 |
DCM
Dorsal Capital Management
Redwood City,
California
|
-$10.6M |
| 5 |
Invesco
Atlanta,
Georgia
|
-$7.45M |
NCMI Hedge Fund Activity: Q1 2014 in Review
133 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in National CineMedia (NCMI) for Q1 2014, worth a combined $870M — down 24% from $1.15B a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of NCMI and 14 opened new positions — a net loss of 5 holders — while 41 trimmed existing stakes and 65 added.
The largest buyer was Thompson Siegel & Walmsley, adding an estimated $19.4M. The largest seller was TimesSquare Capital Management, cutting an estimated $21.2M.
- 133 institutional investors held National CineMedia (NCMI) as of Q1 2014, down from 138 in Q4 2013.
- Funds reported $870M of National CineMedia stock for Q1 2014, down 24% quarter-over-quarter.
- 14 funds opened new National CineMedia positions in Q1 2014 and 19 closed out, a net change of -5 holders.
- The largest National CineMedia buyer in Q1 2014 was Thompson Siegel & Walmsley, an estimated $19.4M added.
- The largest National CineMedia seller in Q1 2014 was TimesSquare Capital Management, an estimated $21.2M sold.
Based on aggregated 13F filings for Q1 2014.