National CineMedia
NCMI
129 hedge funds and large institutions have $468M invested in National CineMedia in 2017 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 46 increasing their positions, 40 reducing their positions, and 28 closing their positions.
15% more repeat investments, than reductions
Existing positions increased: 46 | Existing positions reduced: 40
2% less capital invested
Capital invested by funds: $478M → $468M (-$9.53M)
2.19% less ownership
Funds ownership: 10.89% → 8.7% (-2.2%)
6% less funds holding
Funds holding: 137 → 129 (-8)
21% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 28
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
54% less call options, than puts
Call options by funds: $547K | Put options by funds: $1.19M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$7.57M |
| 2 |
Bank of New York Mellon
New York
|
+$5.27M |
| 3 |
SG
Standard General
New York
|
+$4.47M |
| 4 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$3.12M |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$3.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$6.96M |
| 2 |
WSL
Western Standard LLC
Los Angeles,
California
|
-$6.14M |
| 3 |
GC
Gratia Capital
Los Angeles,
California
|
-$4.92M |
| 4 |
TSW
Thompson Siegel & Walmsley
Richmond,
Virginia
|
-$4.41M |
| 5 |
BIM
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
-$4.16M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
151
Balyasny Asset Management
Chicago,
Illinois
| – | -$78K | -1,120 | Closed |
|
152
Simplex Trading
Chicago,
Illinois
| – | -$70.3K | -1,059 | Closed |
|
|
AG
153
Advisor Group
Phoenix,
Arizona
| – | -$7.64K | -115 | -97% |
|
|
PHK
154
Point72 Hong Kong
Hong Kong
| – | -$5K | -72 | Closed |
|
|
GWS
155
Glassman Wealth Services
Vienna,
Virginia
| – | +$266 | +4 | New |
|
NCMI Hedge Fund Activity: Q4 2017 in Review
129 of the 4,410 institutional investors tracked by Wall St. Rank reported a position in National CineMedia (NCMI) for Q4 2017, worth a combined $468M — down 2% from $478M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of NCMI and 22 opened new positions — a net loss of 6 holders — while 40 trimmed existing stakes and 46 added.
The largest buyer was Norges Bank, adding an estimated $7.57M. The largest seller was Park West Asset Management, exiting entirely with an estimated $6.96M sold.
- 129 institutional investors held National CineMedia (NCMI) as of Q4 2017, down from 137 in Q3 2017.
- Funds reported $468M of National CineMedia stock for Q4 2017, down 2% quarter-over-quarter.
- 22 funds opened new National CineMedia positions in Q4 2017 and 28 closed out, a net change of -6 holders.
- The largest National CineMedia buyer in Q4 2017 was Norges Bank, an estimated $7.57M added.
- The largest National CineMedia seller in Q4 2017 was Park West Asset Management, an estimated $6.96M sold.
Based on aggregated 13F filings for Q4 2017.