Vault-13

NCS MULTISTAGE HLDGS INC NCSM

COM NEW · Common Stock · CUSIP 628877201

27 institutional holders -2 vs Q3 2025
1,862,5041.9m shares reported held*
$73.6mreported value*
4 new 10 added 5 reduced 6 sold out net sold ≈ $731.3k (-18.5k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $39.49.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 17Q4 22: 22Q1 23: 19Q2 23: 16Q3 23: 16Q4 23: 17Q1 24: 16Q2 24: 19Q3 24: 21Q4 24: 24Q1 25: 29Q2 25: 29Q3 25: 29Q4 25: 2727Q3 22Q2 23Q1 24Q4 24Q4 25
Numbers
QuarterHolders
Q3 202217
Q4 202222
Q1 202319
Q2 202316
Q3 202316
Q4 202317
Q1 202416
Q2 202419
Q3 202421
Q4 202424
Q1 202529
Q2 202529
Q3 202529
Q4 202527

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q1 24: 7 bought or addedQ1 24: 4 cut or sold outQ2 24: 8 bought or addedQ2 24: 7 cut or sold outQ2 24Q3 24: 8 bought or addedQ3 24: 3 cut or sold outQ4 24: 11 bought or addedQ4 24: 5 cut or sold outQ4 24Q1 25: 16 bought or addedQ1 25: 8 cut or sold outQ2 25: 14 bought or addedQ2 25: 14 cut or sold outQ2 25Q3 25: 13 bought or addedQ3 25: 14 cut or sold outQ4 25: 14 bought or addedQ4 25: 11 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 202474
Q2 202487
Q3 202483
Q4 2024115
Q1 2025168
Q2 20251414
Q3 20251314
Q4 20251411

Biggest buyers

Truffle Hound Capital, LLC New +37,020+37.0k
SEI INVESTMENTS CO New +8,919+8.9k
CITADEL ADVISORS LLC Added +6,124+6.1k
DIMENSIONAL FUND ADVISORS LP Added +3,571+3.6k
NewEdge Advisors, LLC Added +3,296+3.3k
VANGUARD GROUP INC Added +1,219+1.2k
BRIDGEWAY CAPITAL MANAGEMENT, LLC Added +1,042+1.0k
OSAIC HOLDINGS, INC. Added +950+950
TUCKER ASSET MANAGEMENT LLC New +855+855
GEODE CAPITAL MANAGEMENT, LLC Added +411+411

Biggest sellers

UBS Group AG Reduced -23,619-23.6k
Empowered Funds, LLC Sold out -18,811-18.8k
Informed Momentum Co LLC Reduced -11,451-11.5k
Inspire Advisors, LLC Sold out -6,621-6.6k
GSA CAPITAL PARTNERS LLP Sold out -5,803-5.8k
GOLDMAN SACHS GROUP INC Sold out -4,904-4.9k
Bank of New York Mellon Corp Sold out -4,406-4.4k
Heron Bay Capital Management Sold out -4,353-4.4k
RENAISSANCE TECHNOLOGIES LLC Reduced -1,500-1.5k
CAPTRUST FINANCIAL ADVISORS Reduced -406-406

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: ADVENT INTERNATIONAL, L.P. (0.0%, 2026-09-01), TOCQUEVILLE ASSET MANAGEMENT L.P. (4.8%, 2025-11-14)

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Advent International, L.P. 1.21% of their portfolio BOSTON, MA 1,478,4261.5m $58.4m $58.4m 1.21% Unchanged
2 TOCQUEVILLE ASSET MANAGEMENT L.P. 0.07% of their portfolio New York, NY 121,602121.6k $4.8m $4.8m 0.07% Unchanged
3 ArrowMark Colorado Holdings LLC 0.04% of their portfolio Denver, CO 51,76151.8k $2.0m $2.0m 0.04% Reduced -299 -299
4 Truffle Hound Capital, LLC 0.86% of their portfolio BETHESDA, MD 37,02037.0k $1.5m $1.5m 0.86% New
5 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.02% of their portfolio HOUSTON, TX 29,85329.9k $1.2m $1.2m 0.02% Added +1.0k +1,042
6 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 21,04421.0k $831.5k $831.5k 0.00% Added +3.6k +3,571
7 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 20,37720.4k $804.7k $804.7k 0.00% Added +1.2k +1,219
8 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 15,77215.8k $622.8k $622.8k 0.00% Reduced -406 -406
9 Informed Momentum Co LLC 0.06% of their portfolio SOLANA BEACH, CA 14,35114.4k $566.7k $566.7k 0.06% Reduced -11.5k -11,451
10 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 11,98412.0k $473.2k $473.2k 0.00% Added +6.1k +6,124
11 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 10,84410.8k $428.2k $428.2k 0.00% Reduced -1.5k -1,500
12 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 10,38310.4k $410.0k $410.0k 0.00% Added +3.3k +3,296
13 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 10,15310.2k $401.0k $401.0k 0.00% Added +411 +411
14 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 8,9198.9k $352.2k $352.2k 0.00% New
15 BAILARD, INC. 0.01% of their portfolio Foster City, CA 8,6878.7k $343.1k $343.1k 0.01% Unchanged
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 7,0737.1k $279.3k $279.3k 0.00% Added +84 +84
17 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 1,0731.1k $42.0k $42.0k 0.00% Unchanged
18 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1,0431.0k $41.2k $41.2k 0.00% Added +950 +950
19 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 891891 $35.2k $35.2k 0.00% Added +28 +28
20 TUCKER ASSET MANAGEMENT LLC 0.01% of their portfolio LITTLETON, CO 855855 $33.8k $33.8k 0.01% New
21 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 129129 $5.1k $5.1k 0.00% New
22 UBS Group AG 0.00% of their portfolio ZURICH, V8 8484 $3.3k $3.3k 0.00% Reduced -23.6k -23,619
23 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 8282 $3.2k $3.2k 0.00% Unchanged
24 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 4848 $1.9k $1.9k 0.00% Unchanged
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4444 $1.7k $1.7k 0.00% Added +6 +6
26 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 55 $197 $197 0.00% Unchanged
27 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 11 $39 $39 0.00% Unchanged