National CineMedia
NCMI
137 hedge funds and large institutions have $478M invested in National CineMedia in 2017 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 54 increasing their positions, 40 reducing their positions, and 27 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
60% more call options, than puts
Call options by funds: $2.04M | Put options by funds: $1.27M
35% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 40
16% more capital invested
Capital invested by funds: $411M → $478M (+$67.3M)
2.09% more ownership
Funds ownership: 8.8% → 10.89% (+2.1%)
0% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 27
1% less funds holding
Funds holding: 138 → 137 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SG
Standard General
New York
|
+$81.2M |
| 2 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
+$23.4M |
| 3 |
RRAM
River Road Asset Management
Louisville,
Kentucky
|
+$10.2M |
| 4 |
PWAM
Park West Asset Management
San Francisco,
California
|
+$6.44M |
| 5 |
GF
Greenhouse Funds
Baltimore,
Maryland
|
+$4.83M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
-$27.2M |
| 2 |
SIMG
Stephens Investment Management Group
Houston,
Texas
|
-$19.2M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$11.2M |
| 4 |
SOMRS
State of Michigan Retirement System
Lansing,
Michigan
|
-$9.58M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$6.35M |
NCMI Hedge Fund Activity: Q3 2017 in Review
137 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in National CineMedia (NCMI) for Q3 2017, worth a combined $478M — up 16% from $411M a quarter earlier.
Fund positioning in NCMI was balanced in Q3 2017: 27 funds opened new positions, 27 closed out, 54 added to existing stakes and 40 trimmed.
The largest buyer was Standard General, opening a new position worth an estimated $81.2M. The largest seller was Janus Henderson Group, exiting entirely with an estimated $27.2M sold.
- 137 institutional investors held National CineMedia (NCMI) as of Q3 2017, down from 138 in Q2 2017.
- Funds reported $478M of National CineMedia stock for Q3 2017, up 16% quarter-over-quarter.
- 27 funds opened new National CineMedia positions in Q3 2017 and 27 closed out, a net change of 0 holders.
- The largest National CineMedia buyer in Q3 2017 was Standard General, an estimated $81.2M added.
- The largest National CineMedia seller in Q3 2017 was Janus Henderson Group, an estimated $27.2M sold.
Based on aggregated 13F filings for Q3 2017.