NCS Multistage Holdings
NCSM
27 hedge funds and large institutions have $73.6M invested in NCS Multistage Holdings in 2025 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 10 increasing their positions, 5 reducing their positions, and 6 closing their positions.
100% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 5
0.73% less ownership
Funds ownership: 74.03% → 73.3% (-0.73%)
7% less funds holding
Funds holding: 29 → 27 (-2)
23% less capital invested
Capital invested by funds: $96M → $73.6M (-$22.5M)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
THC
Truffle Hound Capital
Bethesda,
Maryland
|
+$1.48M |
| 2 |
SEI Investments
Oaks,
Pennsylvania
|
+$356K |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$245K |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
+$143K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$132K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
-$960K |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$944K |
| 3 |
EI
EAM Investors
Solana Beach,
California
|
-$457K |
| 4 |
IA
Inspire Advisors
Meridian,
Idaho
|
-$338K |
| 5 |
GCP
GSA Capital Partners
London,
United Kingdom
|
-$296K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SS
26
SBI Securities
Tokyo,
Japan
| $197 | – | – | – |
|
27
Bank of America
Charlotte,
North Carolina
| $39 | – | – | – |
|
|
EF
28
Empowered Funds
Havertown,
Pennsylvania
| – | -$960K | -18,811 | Closed |
|
|
IA
29
Inspire Advisors
Meridian,
Idaho
| – | -$338K | -6,621 | Closed |
|
|
GCP
30
GSA Capital Partners
London,
United Kingdom
| – | -$296K | -5,803 | Closed |
|
31
Goldman Sachs
New York
| – | -$250K | -4,904 | Closed |
|
32
Bank of New York Mellon
New York
| – | -$225K | -4,406 | Closed |
|
|
HBCM
33
Heron Bay Capital Management
Bloomfield Hills,
Michigan
| – | -$222K | -4,353 | Closed |
|
NCSM Hedge Fund Activity: Q4 2025 in Review
27 of the 8,224 institutional investors tracked by Wall St. Rank reported a position in NCS Multistage Holdings (NCSM) for Q4 2025, worth a combined $73.6M — down 23% from $96M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of NCSM and 4 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 10 added.
The largest buyer was Truffle Hound Capital, opening a new position worth an estimated $1.48M. The largest seller was Empowered Funds, exiting entirely with an estimated $960K sold.
- 27 institutional investors held NCS Multistage Holdings (NCSM) as of Q4 2025, down from 29 in Q3 2025.
- Funds reported $73.6M of NCS Multistage Holdings stock for Q4 2025, down 23% quarter-over-quarter.
- 4 funds opened new NCS Multistage Holdings positions in Q4 2025 and 6 closed out, a net change of -2 holders.
- The largest NCS Multistage Holdings buyer in Q4 2025 was Truffle Hound Capital, an estimated $1.48M added.
- The largest NCS Multistage Holdings seller in Q4 2025 was Empowered Funds, an estimated $960K sold.
Based on aggregated 13F filings for Q4 2025.