NATIONAL CINEMEDIA INC NCMI
COM NEW · Common Stock · CUSIP 635309206
In-theater advertising company
- SectorIndustrials
- IndustryServices-Advertising
- HeadquartersCentennial, CO
- Founded2002
- Websitenationalcinemedia.com
- FilingsSEC EDGAR
* 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 ($4.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $3.80.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2023 | 49 |
| Q4 2023 | 65 |
| Q1 2024 | 82 |
| Q2 2024 | 75 |
| Q3 2024 | 97 |
| Q4 2024 | 116 |
| Q1 2025 | 112 |
| Q2 2025 | 104 |
| Q3 2025 | 107 |
| Q4 2025 | 99 |
| Q1 2026 | 103 |
| Q2 2026 | 107 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 57 | 31 |
| Q4 2024 | 69 | 37 |
| Q1 2025 | 51 | 52 |
| Q2 2025 | 41 | 66 |
| Q3 2025 | 58 | 53 |
| Q4 2025 | 45 | 54 |
| Q1 2026 | 56 | 46 |
| Q2 2026 | 50 | 45 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $3.2m | $49.2k | 0.02 |
| Q4 2025 | $106.6k | $778 | 0.01 |
| Q1 2026 | $96.1k | $272.1k | 2.83 |
| Q2 2026 | $0 | $0 | — |
Biggest buyers
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Added | +1.6m |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +445.0k |
| BlackRock, Inc. | Added | +422.6k |
| MORGAN STANLEY | Added | +307.1k |
| First Eagle Investment Management, LLC | Added | +251.8k |
| Orbis Allan Gray Ltd | Added | +175.9k |
| CITADEL ADVISORS LLC | Added | +154.0k |
| TUDOR INVESTMENT CORP ET AL | New | +146.6k |
| Luxor Capital Group, LP | Added | +139.9k |
| Pacific Ridge Capital Partners, LLC | Added | +126.8k |
Biggest sellers
| Sycale Advisors (NY) LLC | Sold out | -1.5m |
| ZAZOVE ASSOCIATES LLC | Sold out | -716.3k |
| GRATIA CAPITAL, LLC | Sold out | -318.0k |
| BARCLAYS PLC | Reduced | -153.1k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -117.3k |
| GOLDMAN SACHS GROUP INC | Reduced | -91.3k |
| SEI INVESTMENTS CO | Reduced | -84.8k |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -59.0k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Reduced | -52.3k |
| Invesco Ltd. | Reduced | -48.7k |
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.
| Holder | Stake |
|---|---|
Blantyre Capital Ltd
13D · may seek influence
+0.5 pts · filed 2025-09-29
Stated purposeItem 4 is amended and supplemented as follows: On May 22, 2024, the Board elected Nathan "Tripp" Lane as a member of the Board. Mr. Lane had been appointed in accordance with the Director Designation Agreement dated August 7, 2023 (the "Designation Agreement"), by and among the Company, the Consenting Creditor Designation Committee (as defined in the Designation Agreement) and Blantyre Capital Limited. Mr. Lane has informed the Company and the Reporting Persons that he has decided to resign as a director and member of the Board, and Blantyre has designated Simon Mullaly, who serves as a Partner with Blantyre, to replace Mr. Lane on the Board pursuant to Blantyre's rights under the Designation Agreement. The Reporting Persons anticipate that Mr. Mullaly will join the Board immediately foll… Full filing |
29.0% |
Blantyre Capital II Ltd
13D · may seek influence
new · filed 2026-10-09
Stated purposeThe information set forth in Item 4 of the Blantyre 13D is incorporated herein by reference. On May 7, 2026, the Board of Directors of the Issuer (the "Board") elected Mark Sardi as a member of the Board. Mr. Sardi was appointed in accordance with the Director DesignationAgreement, dated August 7, 2023 (the "Designation Agreement"), by and among the Issuer, the Consenting Creditor Designation Committee (as defined in the Designation Agreement), and Blantyre Capital Limited, as previously described in the Blantyre 13D. Full filing |
28.9% |
| ORBIS INVESTMENT MANAGEMENT LTD 13G · institution +2.0 pts · filed 2026-09-08 | 11.8% |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 13G · institution +1.6 pts · filed 2026-08-12 | 10.1% |
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 4 | $1.8m | — |
| Q1 2025 | 0 | — | 4 | $1.1m | $106.5k |
| Q2 2025 | 0 | — | 4 | $325.9k | — |
| Q3 2025 | 0 | — | 5 | $716.8k | $160.9k |
| Q4 2025 | 0 | — | 4 | $349.7k | $85.6k |
| Q1 2026 | 0 | — | 1 | $110.4k | — |
| Q2 2026 | 0 | — | 3 | $798.2k | $333.3k |
| Q3 2026 | 0 | — | 3 | $647.5k | $4.0k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-03 | Lesinski Thomas F. Chief Executive Officer, director | Sold | $211.6k50.6k shares |
| 2026-08-03 | Ng Ronnie Y. Chief Financial Officer | Sold plan | $4.0k1.0k shares |
| 2026-07-02 | Lesinski Thomas F. Chief Executive Officer, director | Sold | $264.5k70.2k shares |
| 2026-07-02 | Ng Ronnie Y. Chief Financial Officer | Sold | $121.9k32.3k shares |
| 2026-07-02 | Woods Maria VG Chief Legal Officer | Sold | $45.5k12.1k shares |
| 2026-06-26 | Lesinski Thomas F. Chief Executive Officer, director | Sold plan | $104.6k28.9k shares |
| 2026-06-25 | Lesinski Thomas F. Chief Executive Officer, director | Sold plan | $163.7k46.1k shares |
| 2026-06-22 | Ng Ronnie Y. Chief Financial Officer | Sold plan | $65.0k19.0k shares |
| 2026-05-04 | Lesinski Thomas F. Chief Executive Officer, director | Sold | $69.6k20.2k shares |
| 2026-05-04 | Ng Ronnie Y. Chief Financial Officer | Sold | $44.6k12.9k shares |
| 2026-05-04 | Woods Maria VG Chief Legal Officer | Sold | $19.0k5.5k shares |
| 2026-04-01 | Lesinski Thomas F. Chief Executive Officer, director | Sold | $196.7k64.7k shares |
| 2026-04-01 | Ng Ronnie Y. Chief Financial Officer | Sold | $98.3k32.4k shares |
| 2026-04-01 | Woods Maria VG EVP - General Counsel | Sold | $36.7k12.1k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Blantyre Capital Ltd 100.00% of their portfolio | 27.1m $103.1m | Unchanged |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 9.5m $35.9m | Added +1.6m |
| Orbis Allan Gray Ltd 0.12% of their portfolio | 9.3m $35.4m | Added +175.9k |
| BlackRock, Inc. 0.00% of their portfolio | 5.8m $21.9m | Added +422.6k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 3.2m $12.2m | Reduced -7.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 3.2m $12.2m | Added +445.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.1m $8.1m | Added +95.5k |
| BARCLAYS PLC 0.00% of their portfolio | 2.0m $7.6m | Reduced -153.1k |
| Luxor Capital Group, LP 0.81% of their portfolio | 2.0m $7.5m | Added +139.9k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 1.9m $7.1m | Reduced -117.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.8m $6.9m | Added +687 |
| Glendon Capital Management LP 0.83% of their portfolio | 1.7m $6.4m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 1.6m $6.0m | Reduced -27.5k |
| WHITEBOX ADVISORS LLC 0.08% of their portfolio | 1.3m $5.1m | Added +100.0k |
| EVR Research LP 2.18% of their portfolio | 1.2m $4.4m | Added +30.0k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 698.2k $2.7m | Added +24.9k |
| First Eagle Investment Management, LLC 0.00% of their portfolio | 687.4k $2.6m | Added +251.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.00% of their portfolio | 663.8k $2.5m | Added +31.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 649.0k $2.5m | Reduced -52.3k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 599.2k $2.3m | Added +14.8k |
| CONTRARIAN CAPITAL MANAGEMENT, L.L.C. 0.74% of their portfolio | 596.2k $2.3m | Unchanged |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 589.1k $2.2m | Added +5.9k |
| Axxion S.A. 0.13% of their portfolio | 492.6k $1.9m | First filing |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 485.9k $1.8m | Reduced -59.0k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 480.0k $1.8m | Added +3.4k |
| MORGAN STANLEY 0.00% of their portfolio | 458.4k $1.7m | Added +307.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 452.5k $1.7m | Reduced -91.3k |
| UBS Group AG 0.00% of their portfolio | 368.3k $1.4m | Added +10.4k |
| HARBOR CAPITAL ADVISORS, INC. 0.08% of their portfolio | 318.7k $1.2m | Added +76.3k |
| Pacific Ridge Capital Partners, LLC 0.20% of their portfolio | 284.1k $1.1m | Added +126.8k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 278.6k $1.1m | Added +154.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 236.0k $896.7k | Reduced -260 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 211.1k $802.2k | Unchanged |
| TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio | 146.6k $557.0k | New |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 121.1k $460.2k | Reduced -23.6k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 110.5k $420.0k | Added +53.9k |
| Nuveen, LLC 0.00% of their portfolio | 103.2k $392.1k | Unchanged |
| SEI INVESTMENTS CO 0.00% of their portfolio | 97.8k $371.8k | Reduced -84.8k |
| South Dakota Investment Council 0.01% of their portfolio | 97.2k $369.0k | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 96.1k $365.2k | Reduced -48.7k |
| XTX Topco Ltd 0.00% of their portfolio | 92.1k $350.1k | Added +75.8k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 83.9k $318.7k | Reduced -73 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 66.2k $251.5k | Reduced -8.8k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 65.1k $247.4k | Added +23.3k |
| Hill Investment Group Partners, LLC 0.02% of their portfolio | 58.6k $222.6k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 55.9k $212.4k | Added +30.8k |
| EntryPoint Capital, LLC 0.05% of their portfolio | 55.6k $211.4k | Reduced -5.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 52.3k $199.0k | Unchanged |
| Creative Planning 0.00% of their portfolio | 39.1k $148.7k | Reduced -10.5k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 38.3k $145.7k | Added +29.7k |
| MetLife Investment Management, LLC 0.00% of their portfolio | 37.9k $144.1k | Added +8.4k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 37.7k $143.2k | Reduced -6.7k |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 36.1k $137.1k | Unchanged |
| PINNACLE ASSOCIATES LTD 0.00% of their portfolio | 34.2k $130.0k | Added +1.6k |
| Vident Advisory, LLC 0.00% of their portfolio | 33.0k $125.5k | Unchanged |
| ExodusPoint Capital Management, LP 0.00% of their portfolio | 31.1k $118.3k | New |
| CITIGROUP INC 0.00% of their portfolio | 30.8k $116.8k | Added +25.3k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 30.7k $116.8k | Reduced -569 |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 30.0k $91.4k | Added +9.0k |
| FMR LLC 0.00% of their portfolio | 20.1k $76.4k | Added +2.8k |
| Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio | 18.2k $69.3k | Unchanged |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 17.9k $68.2k | Reduced -1.6k |
| OXFORD ASSET MANAGEMENT LLP 0.03% of their portfolio | 16.8k $64.0k | Not comparable |
| Sequoia Financial Advisors, LLC 0.00% of their portfolio | 15.8k $59.9k | New |
| INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 14.9k $56.6k | Reduced -2.5k |
| TWO SIGMA SECURITIES, LLC 0.00% of their portfolio | 13.0k $49.3k | Reduced -8.7k |
| Abel Hall, LLC 0.01% of their portfolio | 12.3k $46.8k | New |
| JMN Financial LLC 0.04% of their portfolio | 12.1k $45.9k | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 9.5k $36.2k | Reduced -4.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 8.9k $33.8k | Unchanged |
| JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio | 8.0k $30.1k | New |
| Ameritas Investment Partners, Inc. 0.00% of their portfolio | 6.9k $26.4k | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 6.0k $23.0k | Reduced -8.3k |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 5.5k $21.0k | Reduced -5.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 4.9k $18.0k | New |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 4.4k $16.8k | Added +2.1k |
| State of Alaska, Department of Revenue 0.00% of their portfolio | 3.1k $11.0k | Unchanged |
| SIGNATUREFD, LLC 0.00% of their portfolio | 1.4k $5.5k | Reduced -436 |
| Sterling Capital Management LLC 0.00% of their portfolio | 1.3k $5.1k | Reduced -850 |
| GAMMA Investing LLC 0.00% of their portfolio | 986 $3.7k | Reduced -382 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 919 $3.5k | Reduced -2.7k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 850 $3.2k | Unchanged |
| Optiver Holding B.V. 0.00% of their portfolio | 744 $2.8k | Reduced -472 |
| Global Retirement Partners, LLC 0.00% of their portfolio | 611 $2.3k | First filing |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 568 $2.2k | Added +48 |
| Arax Advisory Partners 0.00% of their portfolio | 549 $2.1k | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 546 $2.1k | Unchanged |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 393 $1.5k | Reduced -7 |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 392 $1.5k | Reduced -4 |
| Allworth Financial LP 0.00% of their portfolio | 287 $1.1k | Added +83 |
| Capital Advisors, Ltd. LLC 0.00% of their portfolio | 241 $1.0k | Unchanged |
| Essential Partners LLC 0.00% of their portfolio | 198 $752 | Reduced -991 |
| True Wealth Design, LLC 0.00% of their portfolio | 173 $658 | Added +108 |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 117 $443 | New |
| US BANCORP \DE\ 0.00% of their portfolio | 115 $437 | New |
| ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio | 78 $296 | New |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 64 $243 | Added +52 |
| SJS Investment Consulting Inc. 0.00% of their portfolio | 58 $221 | Added +56 |
| Atlantic Union Bankshares Corp 0.00% of their portfolio | 30 $114 | Unchanged |
| GILL CAPITAL PARTNERS, LLC 0.00% of their portfolio | 29 $111 | Unchanged |