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National CineMedia

133 hedge funds and large institutions have $352M invested in National CineMedia in 2018 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 41 increasing their positions, 54 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 19

3% more funds holding

Funds holding: 129133 (+4)

0% more funds holding in top 10

Funds holding in top 10: 11 (0)

0.15% less ownership

Funds ownership: 8.7%8.55% (-0.15%)

24% less repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 54

25% less capital invested

Capital invested by funds: $468M → $352M (-$117M)

53% less call options, than puts

Call options by funds: $431K | Put options by funds: $922K

Holders
133
Holders Change
+4
Holders Change %
+3.1%
% of All Funds
3.05%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.02%
New
23
Increased
41
Reduced
54
Closed
19
Calls
$431K
Puts
$922K
Net Calls
-$491K
Net Calls Change
+$153K
Name Holding Trade Value Shares
Change
Change in
Stake
SG
1
Standard General
New York
$74.7M +$7.51M +113,791 +9%
ACH
2
ArrowMark Colorado Holdings
Colorado
$49.7M -$113K -1,707 -0.2%
Vanguard Group
3
Vanguard Group
Pennsylvania
$31.9M +$2.14M +32,361 +6%
BlackRock
4
BlackRock
New York
$22.6M -$257K -3,891 -0.9%
OCM
5
Oaktree Capital Management
California
$14.6M -$5.31M -80,474 -22%
GXMC
6
Global X Management Company
New York
$12.6M +$16M +242,577 New
Dimensional Fund Advisors
7
Dimensional Fund Advisors
Texas
$11.8M +$1.47M +22,236 +11%
RRAM
8
River Road Asset Management
Kentucky
$10.7M +$10.2K +155 +0.1%
State of New Jersey Common Pension Fund D
9
State of New Jersey Common Pension Fund D
New Jersey
$10.3M +$66K +1,000 +0.5%
Norges Bank
10
Norges Bank
Norway
$9.39M -$294K -4,459 -2%
Bank of New York Mellon
11
Bank of New York Mellon
New York
$9.05M +$97.3K +1,473 +0.9%
TSW
12
Thompson Siegel & Walmsley
Virginia
$8.87M -$4.5M -68,154 -29%
State Street
13
State Street
Massachusetts
$6.78M -$63.4K -960 -0.7%
GF
14
Greenhouse Funds
Maryland
$6.61M -$2.39M -36,199 -22%
BA
15
Broadview Advisors
Wisconsin
$6.14M +$1.95M +29,505 +33%
MIP
16
Mondrian Investment Partners
United Kingdom
$4.45M -$254K -3,843 -5%
Charles Schwab
17
Charles Schwab
California
$4.22M +$702K +10,635 +15%
Citadel Advisors
18
Citadel Advisors
Florida
$3.89M -$6.68M -101,207 -57%
Northern Trust
19
Northern Trust
Illinois
$3.72M +$57.1K +864 +1%
SC
20
Skylands Capital
Wisconsin
$3.53M -$1.51M -22,930 -25%
PAM
21
Panagora Asset Management
Massachusetts
$3.11M +$661K +10,003 +20%
NSIM
22
North Star Investment Management
Illinois
$2.79M +$379K +5,737 +12%
MVP
23
Miller Value Partners
Florida
$2.75M
Geode Capital Management
24
Geode Capital Management
Massachusetts
$2.72M -$32.4K -491 -0.9%
NIMC
25
NWQ Investment Management Company
California
$2.65M -$106K -1,601 -3%

NCMI Hedge Fund Activity: Q1 2018 in Review

133 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in National CineMedia (NCMI) for Q1 2018, worth a combined $352M — down 25% from $468M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new NCMI positions and 19 closed out — a net gain of 4 holders — while 41 added to existing stakes and 54 trimmed.

The largest buyer was Global X Management Company, opening a new position worth an estimated $16M. The largest seller was Citadel Advisors, cutting an estimated $6.68M.

  • 133 institutional investors held National CineMedia (NCMI) as of Q1 2018, up from 129 in Q4 2017.
  • Funds reported $352M of National CineMedia stock for Q1 2018, down 25% quarter-over-quarter.
  • 23 funds opened new National CineMedia positions in Q1 2018 and 19 closed out, a net change of +4 holders.
  • The largest National CineMedia buyer in Q1 2018 was Global X Management Company, an estimated $16M added.
  • The largest National CineMedia seller in Q1 2018 was Citadel Advisors, an estimated $6.68M sold.

Based on aggregated 13F filings for Q1 2018.