National CineMedia
NCMI
110 hedge funds and large institutions have $257M invested in National CineMedia in 2021 Q1 according to their latest regulatory filings, with 22 funds opening new positions, 34 increasing their positions, 37 reducing their positions, and 13 closing their positions.
109% more call options, than puts
Call options by funds: $2.44M | Put options by funds: $1.17M
69% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 13
14% more capital invested
Capital invested by funds: $225M → $257M (+$32.1M)
8% more funds holding
Funds holding: 102 → 110 (+8)
8% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 37
5.94% less ownership
Funds ownership: 75.88% → 69.93% (-5.9%)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WA
Wasatch Advisors
Salt Lake City,
Utah
|
+$3.98M |
| 2 |
FAM
Formidable Asset Management
Cincinnati,
Ohio
|
+$3.33M |
| 3 |
RC
Roubaix Capital
Denver,
Colorado
|
+$2.7M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$2.38M |
| 5 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$1.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GF
Greenhouse Funds
Baltimore,
Maryland
|
-$12.8M |
| 2 |
SG
Standard General
New York
|
-$8.7M |
| 3 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$3.86M |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$3.05M |
| 5 |
JP Morgan Chase
New York
|
-$2.52M |
NCMI Hedge Fund Activity: Q1 2021 in Review
110 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in National CineMedia (NCMI) for Q1 2021, worth a combined $257M — up 14% from $225M a quarter earlier.
Buyers outnumbered sellers: 22 funds opened new NCMI positions and 13 closed out — a net gain of 9 holders — while 34 added to existing stakes and 37 trimmed.
The largest buyer was Wasatch Advisors, adding an estimated $3.98M. The largest seller was Greenhouse Funds, exiting entirely with an estimated $12.8M sold.
- 110 institutional investors held National CineMedia (NCMI) as of Q1 2021, up from 102 in Q4 2020.
- Funds reported $257M of National CineMedia stock for Q1 2021, up 14% quarter-over-quarter.
- 22 funds opened new National CineMedia positions in Q1 2021 and 13 closed out, a net change of +9 holders.
- The largest National CineMedia buyer in Q1 2021 was Wasatch Advisors, an estimated $3.98M added.
- The largest National CineMedia seller in Q1 2021 was Greenhouse Funds, an estimated $12.8M sold.
Based on aggregated 13F filings for Q1 2021.