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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
EWA
101
EverSource Wealth Advisors
Alabama
$37 +$42 +12 New
CIAM
102
Caitong International Asset Management
Hong Kong
$9 +$11 +3 New
SIC
103
SJS Investment Consulting
Ohio
$7 +$7 +2 New
National Bank of Canada
104
National Bank of Canada
Quebec, Canada
$6 +$4 +1 +100%
Millennium Management
105
Millennium Management
New York
– -$651K -167,400 Closed
Jane Street
106
Jane Street
New York
– -$558K -143,342 Closed
QCM
107
Quantinno Capital Management
New York
– -$529K -135,893 Closed
Verition Fund Management
108
Verition Fund Management
Connecticut
– -$384K -98,664 Closed
SG Americas Securities
109
SG Americas Securities
New York
– -$85K -21,968 Closed
IC
110
Inscription Capital
Texas
– -$67K -17,214 Closed
JF
111
Jump Financial
Illinois
– -$53K -13,624 Closed
ProShare Advisors
112
ProShare Advisors
Maryland
– -$47.1K -12,117 Closed
GCM
113
Graham Capital Management
Connecticut
– -$40K -10,271 Closed
Royal Bank of Canada
114
Royal Bank of Canada
Ontario, Canada
– -$14K -3,611 Closed
VCM
115
Versant Capital Management
Arizona
– -$13K -3,342 Closed
PA
116
Parallel Advisors
California
– -$9.62K -2,474 Closed
AB
117
Amalgamated Bank
New York
– -$8K -2,083 Closed
ACM
118
Aquatic Capital Management
Illinois
– -$6.97K -1,793 Closed
AAP
119
Arax Advisory Partners
Colorado
– -$3.14K -808 Closed
RIL
120
Rothschild Investment LLC
Illinois
– -$4 -1 Closed
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.