Vault-13

NCS MULTISTAGE HLDGS INC NCSM

COM NEW · Common Stock · CUSIP 628877201

40 institutional holders +13 vs Q4 2025
1,908,3801.9m shares reported held*
$118.0mreported value*
16 new 10 added 7 reduced 5 sold out net bought ≈ $3.9m (+63.3k 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 ($1.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $61.84.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

02040Q3 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: 27Q1 26: 4040Q3 22Q3 23Q3 24Q3 25Q1 26
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
Q1 202640

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 24: 8 bought or addedQ2 24: 7 cut or sold outQ3 24: 8 bought or addedQ3 24: 3 cut or sold outQ3 24Q4 24: 11 bought or addedQ4 24: 5 cut or sold outQ1 25: 16 bought or addedQ1 25: 8 cut or sold outQ1 25Q2 25: 14 bought or addedQ2 25: 14 cut or sold outQ3 25: 13 bought or addedQ3 25: 14 cut or sold outQ3 25Q4 25: 14 bought or addedQ4 25: 11 cut or sold outQ1 26: 26 bought or addedQ1 26: 12 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202487
Q3 202483
Q4 2024115
Q1 2025168
Q2 20251414
Q3 20251314
Q4 20251411
Q1 20262612

Biggest buyers

Truffle Hound Capital, LLC Added +42,980+43.0k
MARSHALL WACE, LLP New +31,793+31.8k
Empowered Funds, LLC New +19,853+19.9k
Walleye Capital LLC New +9,297+9.3k
Quadrature Capital Ltd New +8,164+8.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP New +6,816+6.8k
LAZARD ASSET MANAGEMENT LLC New +6,011+6.0k
JANE STREET GROUP, LLC New +5,840+5.8k
GOLDMAN SACHS GROUP INC New +5,382+5.4k
MILLENNIUM MANAGEMENT LLC New +4,940+4.9k

Biggest sellers

TOCQUEVILLE ASSET MANAGEMENT L.P. Reduced -62,906-62.9k
Informed Momentum Co LLC Sold out -14,351-14.4k
ArrowMark Colorado Holdings LLC Reduced -12,446-12.4k
NewEdge Advisors, LLC Sold out -10,383-10.4k
SEI INVESTMENTS CO Sold out -8,919-8.9k
CITADEL ADVISORS LLC Reduced -4,638-4.6k
TUCKER ASSET MANAGEMENT LLC Sold out -855-855
OSAIC HOLDINGS, INC. Reduced -750-750
Tower Research Capital LLC (TRC) Sold out -129-129
PNC Financial Services Group, Inc. Reduced -67-67

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, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Advent International, L.P. 2.15% of their portfolio BOSTON, MA 1,478,4261.5m $91.4m $91.4m 2.15% Unchanged
2 Truffle Hound Capital, LLC 3.03% of their portfolio BETHESDA, MD 80,00080.0k $4.9m $4.9m 3.03% Added +43.0k +42,980
3 TOCQUEVILLE ASSET MANAGEMENT L.P. 0.05% of their portfolio New York, NY 58,69658.7k $3.6m $3.6m 0.05% Reduced -62.9k -62,906
4 ArrowMark Colorado Holdings LLC 0.06% of their portfolio Denver, CO 39,31539.3k $2.4m $2.4m 0.06% Reduced -12.4k -12,446
5 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 31,79331.8k $2.0m $2.0m 0.00% New
6 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.04% of their portfolio HOUSTON, TX 29,85329.9k $1.8m $1.8m 0.04% Unchanged
7 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 23,99324.0k $1.5m $1.5m 0.00% Added +2.9k +2,949
8 Empowered Funds, LLC 0.01% of their portfolio NEWTOWN SQUARE, PA 19,85319.9k $1.2m $1.2m 0.01% New
9 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 17,26217.3k $1.1m $1.1m 0.00% First filing
10 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 15,75415.8k $974.2k $974.2k 0.00% Reduced -18 -18
11 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 12,74412.7k $788.1k $788.1k 0.00% Added +1.9k +1,900
12 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 10,40610.4k $643.6k $643.6k 0.00% Added +253 +253
13 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 9,2979.3k $574.9k $574.9k 0.00% New
14 BAILARD, INC. 0.01% of their portfolio Foster City, CA 8,6878.7k $537.2k $537.2k 0.01% Unchanged
15 Quadrature Capital Ltd 0.01% of their portfolio LONDON, X0 8,1648.2k $504.9k $504.9k 0.01% New
16 BlackRock, Inc. 0.00% of their portfolio New York, NY 7,4207.4k $458.9k $458.9k 0.00% Added +347 +347
17 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 7,3467.3k $454.3k $454.3k 0.00% Reduced -4.6k -4,638
18 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 6,8166.8k $421.5k $421.5k 0.00% New
19 LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 6,0116.0k $371.7k $371.7k 0.00% New
20 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 5,8405.8k $361.1k $361.1k 0.00% New
21 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 5,3825.4k $332.8k $332.8k 0.00% New
22 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 4,9995.0k $309.1k $309.1k 0.00% First filing
23 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 4,9404.9k $305.5k $305.5k 0.00% New
24 Point72 Asset Management, L.P. 0.00% of their portfolio STAMFORD, CT 4,6934.7k $290.2k $290.2k 0.00% New
25 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 4,2574.3k $263.0k $263.0k 0.00% New
26 Centiva Capital, LP 0.01% of their portfolio New York, NY 4,1474.1k $256.4k $256.4k 0.01% New
27 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 3,9764.0k $245.9k $245.9k 0.00% Added +4.0k +3,975
28 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 3,6113.6k $223.3k $223.3k 0.00% New
29 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 3,5193.5k $217.6k $217.6k 0.00% New
30 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 3,4173.4k $211.3k $211.3k 0.00% New
31 Trexquant Investment LP 0.00% of their portfolio STAMFORD, CT 3,3733.4k $208.6k $208.6k 0.00% New
32 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,0841.1k $67.0k $67.0k 0.00% Added +1.0k +1,000
33 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 1,0731.1k $66.0k $66.0k 0.00% Unchanged
34 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 824824 $51.0k $51.0k 0.00% Reduced -67 -67
35 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 512512 $31.7k $31.7k 0.00% First filing
36 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 321321 $19.9k $19.9k 0.00% Added +277 +277
37 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 293293 $18.1k $18.1k 0.00% Reduced -750 -750
38 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 9696 $5.9k $5.9k 0.00% Added +14 +14
39 FEDERATED HERMES, INC. 0.00% of their portfolio PITTSBURGH, PA 3434 $2.1k $2.1k 0.00% Reduced -14 -14
40 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 66 $371 $371 0.00% Added +1 +1