National CineMedia
NCMI
108 hedge funds and large institutions have $319M invested in National CineMedia in 2026 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 37 increasing their positions, 34 reducing their positions, and 12 closing their positions.
61% more capital inflows, than outflows
Capital inflows: $16.1M | Capital outflows: $10M
42% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 12
4% more funds holding
Funds holding: 104 → 108 (+4)
1.06% more ownership
Funds ownership: 88.35% → 89.4% (+1.1%)
9% more repeat investments, than reductions
Existing positions increased: 37 | Existing positions reduced: 34
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hotchkis & Wiley Capital Management
Los Angeles,
California
|
+$5.29M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$1.51M |
| 3 |
BlackRock
New York
|
+$1.44M |
| 4 |
Morgan Stanley
New York
|
+$1.05M |
| 5 |
OAG
Orbis Allan Gray
Hamilton,
Bermuda
|
+$599K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SA
Sycale Advisors
New York
|
-$4.43M |
| 2 |
ZA
Zazove Associates
Incline Village,
Nevada
|
-$1.4M |
| 3 |
GC
Gratia Capital
Los Angeles,
California
|
-$970K |
| 4 |
Barclays
London,
United Kingdom
|
-$521K |
| 5 |
Dimensional Fund Advisors
Austin,
Texas
|
-$399K |
NCMI Hedge Fund Activity: Q2 2026 in Review
108 of the 8,352 institutional investors tracked by Wall St. Rank reported a position in National CineMedia (NCMI) for Q2 2026, worth a combined $319M — up 27% from $251M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new NCMI positions and 12 closed out — a net gain of 5 holders — while 37 added to existing stakes and 34 trimmed.
The largest buyer was Hotchkis & Wiley Capital Management, adding an estimated $5.29M. The largest seller was Sycale Advisors, exiting entirely with an estimated $4.43M sold.
- 108 institutional investors held National CineMedia (NCMI) as of Q2 2026, up from 104 in Q1 2026.
- Funds reported $319M of National CineMedia stock for Q2 2026, up 27% quarter-over-quarter.
- 17 funds opened new National CineMedia positions in Q2 2026 and 12 closed out, a net change of +5 holders.
- The largest National CineMedia buyer in Q2 2026 was Hotchkis & Wiley Capital Management, an estimated $5.29M added.
- The largest National CineMedia seller in Q2 2026 was Sycale Advisors, an estimated $4.43M sold.
Based on aggregated 13F filings for Q2 2026.