National CineMedia
NCMI
137 hedge funds and large institutions have $252M invested in National CineMedia in 2020 Q1 according to their latest regulatory filings, with 20 funds opening new positions, 40 increasing their positions, 59 reducing their positions, and 24 closing their positions.
3.69% more ownership
Funds ownership: 93.51% → 97.2% (+3.7%)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
4% less funds holding
Funds holding: 143 → 137 (-6)
17% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 24
20% less call options, than puts
Call options by funds: $93K | Put options by funds: $116K
32% less repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 59
53% less capital invested
Capital invested by funds: $540M → $252M (-$288M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$34.5M |
| 2 |
SG
Standard General
New York
|
+$14.3M |
| 3 |
KM
Kalos Management
Alpharetta,
Georgia
|
+$5.57M |
| 4 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$5.34M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$1.89M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAM
TFG Asset Management
Grand Cayman,
Cayman Islands
|
-$8.51M |
| 2 |
MAM
Madison Asset Management
Madison,
Wisconsin
|
-$4.7M |
| 3 |
MIP
Mondrian Investment Partners
London,
United Kingdom
|
-$4.29M |
| 4 |
NSIM
North Star Investment Management
Chicago,
Illinois
|
-$3.96M |
| 5 |
PF
Phoenix Financial
Givatayim,
Israel
|
-$2.6M |
NCMI Hedge Fund Activity: Q1 2020 in Review
137 of the 4,547 institutional investors tracked by Wall St. Rank reported a position in National CineMedia (NCMI) for Q1 2020, worth a combined $252M — down 53% from $540M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of NCMI and 20 opened new positions — a net loss of 4 holders — while 59 trimmed existing stakes and 40 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $34.5M. The largest seller was TFG Asset Management, exiting entirely with an estimated $8.51M sold.
- 137 institutional investors held National CineMedia (NCMI) as of Q1 2020, down from 143 in Q4 2019.
- Funds reported $252M of National CineMedia stock for Q1 2020, down 53% quarter-over-quarter.
- 20 funds opened new National CineMedia positions in Q1 2020 and 24 closed out, a net change of -4 holders.
- The largest National CineMedia buyer in Q1 2020 was T. Rowe Price Associates, an estimated $34.5M added.
- The largest National CineMedia seller in Q1 2020 was TFG Asset Management, an estimated $8.51M sold.
Based on aggregated 13F filings for Q1 2020.