NCPL · Netcapital Inc. · Holdings
$0.47
-0.02 (-3.59%)
At close · Sep 10
Going-concern doubt
— flagged Mar 19, 2026
Substantial doubt about the company's ability to continue as a going concern.
“Our management has determined, based on its recent history and the negative cash flow from operations, that it is unlikely that its plan will sufficiently alleviate or mitigate, to a sufficient level, the relevant conditions or events noted above. To the extent that funds generated from any private placements, public offerings and/or bank financing, if available, are insufficient, we will have to raise additional working capital. No assurance can be given that additional financing will be available, or if available, will be on acceptable terms. Accordingly, our management has concluded that these conditions raise substantial doubt about our ability to continue as a going concern.”View the 10-Q filed Mar 19, 2026
Market Cap
$3.66M
Shares
7.85M
Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.
Holders: 16
Total Value: $179,645
Total Shares: 586,987
Institutional Ownership Trend
16 quarters
Holder Concentration
Across 16 13F filers · Δ vs Mar 31, 2026Top Holder
31.0%
−5.9 pts
Top 5
80.3%
−9.4 pts
Top 10
99.8%
−0.2 pts
HHI
1,718
Moderately concentrated−470
Quarterly Activity
vs Mar 31, 2026
New
3
Increased
2
Decreased
5
Sold Out
1
Unchanged
6
Holder count:
+2
Institutional value:
+184.1%
Shares held:
+32.3%
Top Buyers
vs Mar 31, 2026| Institution | Added | Now Holds | Open |
|---|---|---|---|
| Mega CITADEL ADVISORS LLC | +15,723 | 54,283 | |
| Mega UBS Group AG | +7,005 | 8,500 |
Top Sellers
vs Mar 31, 2026| Institution | Sold | Now Holds | Open |
|---|---|---|---|
| Mega GEODE CAPITAL MANAGEMENT, LLC | −34,775 | 37,439 | |
| Small BARD ASSOCIATES INC | −2,664 | 196,688 | |
| Small TWO SIGMA SECURITIES, LLC | −1,495 | 13,053 | |
| Mid Tower Research Capital LLC (TRC) | −1,432 | 2,602 | |
| Mid Larson Financial Group LLC | −1,287 | 667 |
Top New Positions
vs Mar 31, 2026| Institution | Acquired | Value (USD) | Open |
|---|---|---|---|
| Large HRT FINANCIAL LP | 103,850 | $55,663 | |
| Mid Virtu Financial LLC | 42,693 | $22,883 | |
| Mega JANE STREET GROUP, LLC | 29,293 | $15,700 |
Top Sold-Out Positions
vs Mar 31, 2026| Institution | Previously Held | Last Value (USD) | Open |
|---|---|---|---|
| Mid XTX Topco Ltd | 13,460 | $4,347 |
| Holder | Value (USD) | % of 13F | Shares | Type | Filed | Open |
|---|---|---|---|---|---|---|
| Large HRT FINANCIAL LP | $55,663 | 30.98% | 103,850 | Shares | 2026-08-14 | |
| Mega CITADEL ADVISORS LLC | $29,095 | 16.20% | 54,283 | Shares | 2026-09-02 | |
| Mid Virtu Financial LLC | $22,883 | 12.74% | 42,693 | Shares | 2026-08-13 | |
| Mega GEODE CAPITAL MANAGEMENT, LLC | $20,066 | 11.17% | 37,439 | Shares | 2026-08-12 | |
| Mega VANGUARD FIDUCIARY TRUST CO Bank | $16,481 | 9.17% | 30,749 | Shares | 2026-08-13 | |
| Mega JANE STREET GROUP, LLC | $15,700 | 8.74% | 29,293 | Shares | 2026-08-14 | |
| Mega VANGUARD CAPITAL MANAGEMENT LLC | $11,036 | 6.14% | 20,590 | Shares | 2026-08-13 | |
| Mega LPL Financial LLC | $5,360 | 2.98% | 10,000 | Shares | 2026-08-07 | |
| Mega MORGAN STANLEY | $1,609 | 0.90% | 3,003 | Shares | 2026-08-13 | |
| Mid Tower Research Capital LLC (TRC) | $1,394 | 0.78% | 2,602 | Shares | 2026-08-11 | |
| Mid Larson Financial Group LLC | $357 | 0.20% | 667 | Shares | 2026-08-14 | |
| Mega DEUTSCHE BANK AG\ Bank | $1 | 0.00% | 1 | Shares | 2026-08-07 | |
| Mega UBS Group AG NCPLW | — | — | 8,500 | Shares | 2026-08-13 | |
| Small TWO SIGMA SECURITIES, LLC Broker-Dealer NCPLW | — | — | 13,053 | Shares | 2026-08-14 | |
| Small BARD ASSOCIATES INC NCPLW | — | — | 196,688 | Shares | 2026-08-12 | |
| Large Clear Street Group Inc. NCPLW | — | — | 33,576 | Shares | 2026-08-12 |