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Clear Channel Outdoor Holdings
CCO

126 hedge funds and large institutions have $462M invested in Clear Channel Outdoor Holdings in 2020 Q2 according to their latest regulatory filings, with 18 funds opening new positions, 36 increasing their positions, 38 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

59% more capital invested

Capital invested by funds: $290M → $462M (+$172M)

10% more funds holding in top 10

Funds holding in top 10: 10 → 11 (+1)

5% less repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 38

1.62% less ownership

Funds ownership: 97.11% → 95.48% (-1.6%)

11% less funds holding

Funds holding: 141 → 126 (-15)

44% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 32

Holders
126
Holders Change
-15
Holders Change %
-10.64%
% of All Funds
2.58%
Holding in Top 10
11
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+10%
% of All Funds
0.23%
New
18
Increased
36
Reduced
38
Closed
32
Calls
$81K
Puts
–
Net Calls
+$81K
Net Calls Change
+$81K

Top Buyers

1
AM
Ares Management
California
+$10.4M
2
SG
Standard General
New York
+$4.25M
3
BCM
Brigade Capital Management
New York
+$4.11M
4
BHMP
Bardin Hill Management Partners
New York
+$2.58M
5
Pacer Advisors
Pacer Advisors
Pennsylvania
+$2.34M

Top Sellers

1
MAMNY
Marathon Asset Management (New York)
New York
-$4.35M
2
ISSM
Invesco Senior Secured Management
New York
-$2.59M
3
WA
Whitebox Advisors
Minnesota
-$2.34M
4
BlackRock
BlackRock
New York
-$2.11M
5
TCA
Taconic Capital Advisors
New York
-$2.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
Geode Capital Management
26
Geode Capital Management
Massachusetts
$3.02M -$281K -298,618 -9%
SAAM
27
Solus Alternative Asset Management
New Jersey
$2.56M – – –
SCM
28
Stonehill Capital Management
New York
$2.34M – – –
JCI
29
Jet Capital Investors
New York
$2.29M -$1.78M -1,889,000 -46%
ZA
30
Zazove Associates
Nevada
$2.17M +$106K +113,158 +6%
BSP
31
Benefit Street Partners
New York
$1.81M – – –
Millennium Management
32
Millennium Management
New York
$1.76M +$194K +206,513 +14%
OCM
33
Oaktree Capital Management
California
$1.75M – – –
Charles Schwab
34
Charles Schwab
California
$1.65M +$9.8K +10,421 +0.7%
SPCM
35
Sound Point Capital Management
New York
$1.45M +$270K +287,414 +26%
AAMU
36
APG Asset Management US
New York
$1.45M +$470K +499,942 +56%
MP
37
MSD Partners
New York
$1.42M – – –
Goldman Sachs
38
Goldman Sachs
New York
$1.36M -$39.5K -41,982 -3%
AWS
39
AJ Wealth Strategies
New York
$1.31M +$1.18M +1,259,707 New
DCM
40
Driehaus Capital Management
Illinois
$1.26M +$28.7K +30,500 +3%
State Street
41
State Street
Massachusetts
$1.13M -$732K -778,470 -42%
Capital World Investors
42
Capital World Investors
California
$1.08M – – –
Invesco
43
Invesco
Georgia
$1.05M -$1.54M -1,639,008 -62%
Hudson Bay Capital Management
44
Hudson Bay Capital Management
Connecticut
$1.04M +$942K +1,002,024 New
STA
45
Summit Trail Advisors
New York
$1.04M +$206K +218,750 +28%
QOP
46
Quinn Opportunity Partners
Virginia
$1.03M – – –
AFA
47
Alta Fundamental Advisers
New York
$1.03M – – –
Arrowstreet Capital
48
Arrowstreet Capital
Massachusetts
$1M +$906K +964,151 New
Dimensional Fund Advisors
49
Dimensional Fund Advisors
Texas
$921K -$276K -293,876 -25%
CU
50
CQS (US)
New York
$892K -$36.2K -38,496 -4%
1
2
3 4 5

CCO Hedge Fund Activity: Q2 2020 in Review

126 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Clear Channel Outdoor Holdings (CCO) for Q2 2020, worth a combined $462M — up 59% from $290M a quarter earlier.

Sellers outnumbered buyers: 32 funds closed out of CCO and 18 opened new positions — a net loss of 14 holders — while 38 trimmed existing stakes and 36 added.

The largest buyer was Ares Management, adding an estimated $10.4M. The largest seller was Marathon Asset Management (New York), exiting entirely with an estimated $4.35M sold.

  • 126 institutional investors held Clear Channel Outdoor Holdings (CCO) as of Q2 2020, down from 141 in Q1 2020.
  • Funds reported $462M of Clear Channel Outdoor Holdings stock for Q2 2020, up 59% quarter-over-quarter.
  • 18 funds opened new Clear Channel Outdoor Holdings positions in Q2 2020 and 32 closed out, a net change of -14 holders.
  • The largest Clear Channel Outdoor Holdings buyer in Q2 2020 was Ares Management, an estimated $10.4M added.
  • The largest Clear Channel Outdoor Holdings seller in Q2 2020 was Marathon Asset Management (New York), an estimated $4.35M sold.

Based on aggregated 13F filings for Q2 2020.