National CineMedia
NCMI
140 hedge funds and large institutions have $828M invested in National CineMedia in 2014 Q4 according to their latest regulatory filings, with 33 funds opening new positions, 52 increasing their positions, 42 reducing their positions, and 17 closing their positions.
94% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 17
24% more repeat investments, than reductions
Existing positions increased: 52 | Existing positions reduced: 42
11% more funds holding
Funds holding: 126 → 140 (+14)
1% less capital invested
Capital invested by funds: $840M → $828M (-$11.5M)
10% less call options, than puts
Call options by funds: $1.17M | Put options by funds: $1.29M
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$28M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$15.8M |
| 3 |
1832 Asset Management
Toronto,
Ontario, Canada
|
+$10.3M |
| 4 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$8.06M |
| 5 |
ECP
Elk Creek Partners
Denver,
Colorado
|
+$4.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
-$35M |
| 2 |
Schroder Investment Management Group
London,
United Kingdom
|
-$13.2M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$7.68M |
| 4 |
Calamos Advisors
Naperville,
Illinois
|
-$6.73M |
| 5 |
Morgan Stanley
New York
|
-$6.13M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MVP
151
Miller Value Partners
Sarasota,
Florida
| – | -$526K | -3,620 | Closed |
|
|
MAM
152
Martingale Asset Management
Boston,
Massachusetts
| – | -$288K | -1,981 | Closed |
|
153
M&T Bank
Buffalo,
New York
| – | -$281K | -1,931 | Closed |
|
|
DTL
154
Dynamic Technology Lab
Singapore
| – | -$267K | -1,842 | Closed |
|
155
BNP Paribas Financial Markets
Paris,
France
| – | -$51.6K | -356 | Closed |
|
|
TRCT
156
Tower Research Capital (TRC)
New York
| – | -$47K | -323 | Closed |
|
NCMI Hedge Fund Activity: Q4 2014 in Review
140 of the 3,751 institutional investors tracked by Wall St. Rank reported a position in National CineMedia (NCMI) for Q4 2014, worth a combined $828M — down 1.4% from $840M a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new NCMI positions and 17 closed out — a net gain of 16 holders — while 52 added to existing stakes and 42 trimmed.
The largest buyer was Wellington Management Group, opening a new position worth an estimated $28M. The largest seller was JP Morgan Chase, cutting an estimated $35M.
- 140 institutional investors held National CineMedia (NCMI) as of Q4 2014, up from 126 in Q3 2014.
- Funds reported $828M of National CineMedia stock for Q4 2014, down 1.4% quarter-over-quarter.
- 33 funds opened new National CineMedia positions in Q4 2014 and 17 closed out, a net change of +16 holders.
- The largest National CineMedia buyer in Q4 2014 was Wellington Management Group, an estimated $28M added.
- The largest National CineMedia seller in Q4 2014 was JP Morgan Chase, an estimated $35M sold.
Based on aggregated 13F filings for Q4 2014.