National CineMedia
NCMI
108 hedge funds and large institutions have $360M invested in National CineMedia in 2025 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 36 increasing their positions, 35 reducing their positions, and 18 closing their positions.
6,531% more call options, than puts
Call options by funds: $3.25M | Put options by funds: $49K
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
28% more first-time investments, than exits
New positions opened: 23 | Existing positions closed: 18
5% more funds holding
Funds holding: 103 → 108 (+5)
1.23% more ownership
Funds ownership: 83.99% → 85.22% (+1.2%)
3% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 35
6% less capital invested
Capital invested by funds: $384M → $360M (-$23.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$7.32M |
| 2 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$5.17M |
| 3 |
SA
Sycale Advisors
New York
|
+$4.01M |
| 4 |
GC
Gratia Capital
Los Angeles,
California
|
+$3.03M |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$1.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MHP
Manatuck Hill Partners
Westport,
Connecticut
|
-$5.4M |
| 2 |
Russell Investments Group
London,
United Kingdom
|
-$3.72M |
| 3 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$3.18M |
| 4 |
VOYA Investment Management
Atlanta,
Georgia
|
-$2.98M |
| 5 |
RIM
Ranger Investment Management
Dallas,
Texas
|
-$2.21M |
NCMI Hedge Fund Activity: Q3 2025 in Review
108 of the 7,641 institutional investors tracked by Wall St. Rank reported a position in National CineMedia (NCMI) for Q3 2025, worth a combined $360M — down 6.1% from $384M a quarter earlier.
Buyers outnumbered sellers: 23 funds opened new NCMI positions and 18 closed out — a net gain of 5 holders — while 36 added to existing stakes and 35 trimmed.
The largest buyer was Hotchkis & Wiley Capital Management, adding an estimated $7.32M. The largest seller was Manatuck Hill Partners, cutting an estimated $5.4M.
- 108 institutional investors held National CineMedia (NCMI) as of Q3 2025, up from 103 in Q2 2025.
- Funds reported $360M of National CineMedia stock for Q3 2025, down 6.1% quarter-over-quarter.
- 23 funds opened new National CineMedia positions in Q3 2025 and 18 closed out, a net change of +5 holders.
- The largest National CineMedia buyer in Q3 2025 was Hotchkis & Wiley Capital Management, an estimated $7.32M added.
- The largest National CineMedia seller in Q3 2025 was Manatuck Hill Partners, an estimated $5.4M sold.
Based on aggregated 13F filings for Q3 2025.