Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

NCS MULTISTAGE HLDGS INC (NCSM)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
1Q ▼
Buyers last Q
58%

Smart Money Signals — NCSM

Based on 27 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their NCSM positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 93% of 3.0Y peak

93% of all-time peak
27 funds currently hold this stock — 93% of the 3.0-year high of 29 funds (reached 2025 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
🚀

Fast accumulation — +23% more funds vs a year ago

fund count last 6Q
+5 new funds entered over the past year (+23% YoY). That's a rapid rush of institutional money. Fast accumulation often signals a major thesis — but it also means the stock could fall quickly if that thesis breaks.
🟡

Slight buying edge — 58% buying

14 buying10 selling
Last quarter: 14 funds bought or added vs 10 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 — ~3 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 7 → 4 → 6 → 3. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 30% medium ■ 7% new
17 out of 27 hedge funds have held NCSM 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.
💎

Buying through price weakness — shares +0%, value -23%

Value
-22%
Shares
+0%
Last quarter: funds added +0% more shares while total portfolio value only changed -23%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

4 → 7 → 4 → 6 → 3 new funds/Q
New funds entering each quarter: 7 → 4 → 6 → 3. NCSM is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 70% of holders stayed 2+ years

■ 70% veterans ■ 11% 1-2yr ■ 19% new
Of 27 current holders: 19 (70%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
📋

Smaller funds dominant — 3% AUM from top-100

3% from top-100 AUM funds
9 of 27 holders rank in the top 100 by AUM, but together hold only 3% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
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 — NCSM

In 2025 Q4, 14 hedge funds were net buyers of NCSM (3 opened a new position, 11 added to an existing one), while 10 reduced or exited (5 trimmed, 5 sold completely) — a 58% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 27.

Hedge Fund Ownership: NCSM

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

Market Analysis: NCSM

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NCSM

-- --

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

Is It Too Late to Buy NCS MULTISTAGE HLDGS INC (NCSM) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NCSM has moved relative to its sector benchmark (XLE) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 50d ago
NCSM
-30.2%
XLE
-1.2%

NCSM outperformed XLE by -29.0% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 5d ago
NCSM
+1.0%
XLE
+1.9%

Since the filing became public, NCSM outperformed XLE by -0.9% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

5 top-rated funds 0 high-conviction
Consensus
3.4
/ 10
breadth
×
Elite
0.4
/ 10
conviction
Hedge Fund Positioning: NCSM
39 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 39 27 44.44%
13F Shares 2M 2M 2.46%
Total Value $119M $74M 60.35%
New Positions 17 3 +14
Increased Positions 10 11 -1
Closed Positions 5 5 -
Reduced Positions 7 5 +2
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: NCSM

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
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Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

39 + investors

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

QUARTER:
Top 25 institutional holders of NCSM — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 ADVENT INTERNATIONAL, L.P. 2.15% 1,478,426 $91.4M
2 Truffle Hound Capital, LLC 1.28% 80,000 $4.9M
3 ArrowMark Colorado Holdings LLC 0.06% 39,315 $2.4M
4 TOCQUEVILLE ASSET MANAGEMENT L.P. 0.05% 58,696 $3.6M
5 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.04% 29,853 $1.8M
6 BAILARD, INC. 0.01% 8,687 $537K
7 Empowered Funds, LLC 0.01% 19,853 $1.2M
8 Quadrature Capital Ltd 0.01% 8,164 $505K
9 Walleye Capital LLC 0.00% 9,297 $575K
10 MARSHALL WACE, LLP 0.00% 31,793 $2.0M
11 Centiva Capital, LP 0.00% 4,147 $256K
12 CAPTRUST FINANCIAL ADVISORS 0.00% 15,754 $974K
13 Trexquant Investment LP 0.00% 3,373 $209K
14 RENAISSANCE TECHNOLOGIES LLC 0.00% 12,744 $788K
15 HRT FINANCIAL LP 0.00% 4,257 $263K
16 LAZARD ASSET MANAGEMENT LLC 0.00% 6,011 $372K
17 Point72 Asset Management, L.P. 0.00% 4,693 $290K
18 Squarepoint Ops LLC 0.00% 3,519 $218K
19 MILLENNIUM MANAGEMENT LLC 0.00% 4,940 $305K
20 ACADIAN ASSET MANAGEMENT LLC 0.00% 1,073 —
21 VANGUARD FIDUCIARY TRUST CO 0.00% 4,999 $309K
22 CITADEL ADVISORS LLC 0.00% 7,346 $454K
23 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% 6,816 $422K
24 JANE STREET GROUP, LLC 0.00% 5,840 $361K
25 GOLDMAN SACHS GROUP INC 0.00% 5,382 $333K
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 — NCS MULTISTAGE HLDGS INC (NCSM)

What does the Smart Money Trend signal show for NCSM?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their NCSM positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for NCSM?

Slight buying edge — 58% buying: Last quarter: 14 funds bought or added vs 10 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 NCSM holders?

Smaller funds dominant — 3% AUM from top-100: 9 of 27 holders rank in the top 100 by AUM, but together hold only 3% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held NCSM?

63% of holders stayed for 2+ years: 17 out of 27 hedge funds have held NCSM 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.

Is it too late to buy NCS MULTISTAGE HLDGS INC (NCSM) following the 2026 Q1 hedge fund 13F filings?

As of today, NCSM has moved +1.0% since the 2026 Q1 13F filing date (May 15, 2026), compared to +1.9% for the XLE sector ETF — an outperformance of -0.9%. Since the quarter end (March 31, 2026), NCSM has gained -30.2% vs -1.2% for XLE. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

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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