NM

NMAX NEWSMAX INC

2026Q2 · CUSIP 65250K105 · Sector: Media & Telecom

Cooling

Net holder growth weakened from last quarter

Funds that own it
232
Institutions that reported holding it to the SEC
Net increase in holders
+15
Last quarter 217 → now 232
How unusual is that
Above average
Stronger buying than 71% of US stocks
What the filings say, in one paragraph

232 funds held NMAX at the end of 2026Q2, up 15 from the quarter before. Buying has come off its highs, but funds are not exiting. On the business itself, revenue over the last 12 months was $189M(YoY +10.7%). NMAX has had 3 buying rushes in its history, and the price moved +50.4% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Media & Telecom sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2025Q2: holders=157 2025Q3: holders=186 2025Q4: holders=198 2026Q1: holders=217 2026Q2: holders=232 -124 -62 +0 +62 +124 141193244 25Q225Q325Q426Q126Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 3 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q1 Top 20% +25.3% +50.4%
2025Q3 Top 20% — —
2025Q2 Top 1% in the market — —

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
89
Change in large funds
+16
Total value they hold
$305M
Funds buying for the first time
45
Funds that sold out entirely
30
Price change that quarter
+43.5%
Funds holding puts (bearish)
4
Funds holding calls (bullish)
4

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

Fundamentals

PE (TTM)
—
EPS (TTM)
$-0.48
EPS YoY
—
Revenue (TTM)
$0.2B
Revenue YoY
+10.7%
Net margin
—
ROE
—
Debt ratio
52.7%
FCF (TTM)
—
Dividend (TTM)
No dividend

As of 2025-12-31 · SEC filings (XBRL)

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2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.