National CineMedia
NCMI
112 hedge funds and large institutions have $467M invested in National CineMedia in 2025 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 39 increasing their positions, 38 reducing their positions, and 16 closing their positions.
3,993% more call options, than puts
Call options by funds: $1.19M | Put options by funds: $29K
3% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 38
0.73% more ownership
Funds ownership: 83.03% → 83.76% (+0.73%)
3% less funds holding
Funds holding: 116 → 112 (-4)
11% less capital invested
Capital invested by funds: $523M → $467M (-$56.2M)
25% less first-time investments, than exits
New positions opened: 12 | Existing positions closed: 16
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$3.95M |
| 2 |
Dimensional Fund Advisors
Austin,
Texas
|
+$3.35M |
| 3 |
BC
Blantyre Capital
London,
United Kingdom
|
+$3.08M |
| 4 |
First Eagle Investment Management
New York
|
+$2.09M |
| 5 |
SA
Sycale Advisors
New York
|
+$1.68M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
-$5.03M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$4.55M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
-$3.98M |
| 4 |
JP Morgan Chase
New York
|
-$1.63M |
| 5 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$1.36M |
NCMI Hedge Fund Activity: Q1 2025 in Review
112 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in National CineMedia (NCMI) for Q1 2025, worth a combined $467M — down 11% from $523M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of NCMI and 12 opened new positions — a net loss of 4 holders — while 38 trimmed existing stakes and 39 added.
The largest buyer was Wellington Management Group, adding an estimated $3.95M. The largest seller was Hotchkis & Wiley Capital Management, cutting an estimated $5.03M.
- 112 institutional investors held National CineMedia (NCMI) as of Q1 2025, down from 116 in Q4 2024.
- Funds reported $467M of National CineMedia stock for Q1 2025, down 11% quarter-over-quarter.
- 12 funds opened new National CineMedia positions in Q1 2025 and 16 closed out, a net change of -4 holders.
- The largest National CineMedia buyer in Q1 2025 was Wellington Management Group, an estimated $3.95M added.
- The largest National CineMedia seller in Q1 2025 was Hotchkis & Wiley Capital Management, an estimated $5.03M sold.
Based on aggregated 13F filings for Q1 2025.