Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

National Cinemedia Inc (NCMI)

104 + Investors. Track Smart Money conviction in NCMI. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
2Q ▲
Buyers last Q
53%

Smart Money Signals — NCMI

Based on 105 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added NCMI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 91% of 3.0Y peak

91% of all-time peak
105 funds currently hold this stock — 91% of the 3.0-year high of 116 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding NCMI is almost the same as a year ago (+1 funds, +1% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 53% buying

54 buying47 selling
Last quarter: 54 funds bought or added vs 47 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~19 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 24 → 11 → 21 → 19. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 21% medium ■ 20% new
62 out of 105 hedge funds have held NCMI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💰

Value +30% but shares only +4% — price-driven

Value
+29%
Shares
+4%
Last quarter: the total dollar value of institutional holdings rose +30%, but actual share count only changed +4%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
📈

Growing discovery — still being found

13 → 24 → 11 → 21 → 19 new funds/Q
New funds entering each quarter: 24 → 11 → 21 → 19. A growing number of institutions are discovering NCMI each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 67% veterans vs 23% newcomers

■ 67% veterans ■ 10% 1-2yr ■ 23% new
Entry-cohort mix of 105 holders: 70 (67%) are 2+ year veterans, 11 entered 1–2 years ago, and 24 (23%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 28% AUM from major funds

28% from top-100 AUM funds
36 of 105 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — NCMI

In 2026 Q2, 54 hedge funds were net buyers of NCMI (19 opened a new position, 35 added to an existing one), while 47 reduced or exited (32 trimmed, 15 sold completely) — a 53% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 28% of total institutional value in NCMI is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 105.

Hedge Fund Ownership: NCMI

How many hedge funds hold NCMI — quarterly history vs. share price
Quarterly hedge fund ownership of NCMI vs. share price

Market Analysis: NCMI

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NCMI

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

6 top-rated funds 1 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
1.1
/ 10
conviction
Hedge Fund Positioning: NCMI
104 + Investors

Track Smart Money conviction in NCMI. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 104 101 2.97%
13F Shares 84M 80M 4.21%
Total Value $317M $244M 29.7%
New Positions 19 21 -2
Increased Positions 35 37 -2
Closed Positions 16 20 -4
Reduced Positions 32 28 +4
Total Calls 0 1 -100.0%
Total Puts 0 1 -100.0%
PUT/CALL Ratio 0.0 1.0 Bullish

Statistics: NCMI

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Total Cash (mrq) --
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Institutional Holders (2026 Q2)

104 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NCMI. Verified SEC 13F-HR filings.

QUARTER:
Top 25 NCMI holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Blantyre Capital Ltd 100.00% 27,144,639 $103.1M
2 EVR Research LP 2.18% 1,160,000 $4.4M
3 Glendon Capital Management LP 0.83% 1,678,903 $6.4M
4 Contrarian Capital Management, L.L.C. 0.74% 596,231 $2.3M
5 Luxor Capital Group, LP 0.30% 1,960,660 $7.5M
6 Pacific Ridge Capital Partners, LLC 0.20% 284,148 $1.1M
7 Byrne Asset Management LLC 0.16% 80,202 $305K
8 Axxion S.A. 0.13% 492,633 $1.9M
9 Orbis Allan Gray Ltd 0.12% 9,313,977 $35.4M
10 Hotchkis & Wiley Capital Management LLC 0.10% 9,451,093 $35.9M
11 Whitebox Advisors LLC 0.07% 1,342,084 $5.1M
12 JMN Financial LLC 0.04% 12,078 $46K
13 Hill Investment Group Partners, LLC 0.02% 58,575 $223K
14 Bridgeway Capital Management, LLC 0.01% 211,100 $802K
15 Abel Hall, LLC 0.01% 12,308 $47K
16 XTX Topco Ltd 0.00% 92,126 $350K
17 Two Sigma Securities, LLC 0.00% 12,964 $49K
18 First Eagle Investment Management, LLC 0.00% 343,714 $1.3M
19 Wellington Management Group LLP 0.00% 3,220,165 $12.2M
20 Voya Investment Management LLC 0.00% 485,860 $1.8M
21 Barclays plc 0.00% 2,010,024 $7.6M
22 Marshall Wace, LLP 0.00% 480,033 $1.8M
23 Pinnacle Associates Ltd 0.00% 34,207 $130K
24 Vident Advisory, LLC 0.00% 33,030 $126K
25 Tudor Investment Corp Et Al 0.00% 146,572 $557K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — National Cinemedia Inc (NCMI)

What does the Smart Money Trend signal show for NCMI?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added NCMI than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for NCMI?

Slight buying edge — 53% buying: Last quarter: 54 funds bought or added vs 47 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NCMI holders?

Strong quality — 28% AUM from major funds: 36 of 105 holders rank in the top 100 by AUM, accounting for 28% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held NCMI?

59% of holders stayed for 2+ years: 62 out of 105 hedge funds have held NCMI for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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