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Clear Channel Outdoor Holdings
CCO

164 hedge funds and large institutions have $640M invested in Clear Channel Outdoor Holdings in 2023 Q2 according to their latest regulatory filings, with 17 funds opening new positions, 31 increasing their positions, 59 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

168% more call options, than puts

Call options by funds: $67K | Put options by funds: $25K

8% more capital invested

Capital invested by funds: $590M → $640M (+$49.9M)

6% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 16

1% less funds holding

Funds holding: 166 → 164 (-2)

6.24% less ownership

Funds ownership: 102.99% → 96.74% (-6.2%)

10% less funds holding in top 10

Funds holding in top 10: 10 → 9 (-1)

47% less repeat investments, than reductions

Existing positions increased: 31 | Existing positions reduced: 59

Holders
164
Holders Change
-2
Holders Change %
-1.2%
% of All Funds
2.57%
Holding in Top 10
9
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-10%
% of All Funds
0.14%
New
17
Increased
31
Reduced
59
Closed
16
Calls
$67K
Puts
$25K
Net Calls
+$42K
Net Calls Change
-$2.45M

Top Buyers

1
LPAM
Legion Partners Asset Management
California
+$5.27M
2
SCM
Shenkman Capital Management
New York
+$1.24M
3
Point72 Asset Management
Point72 Asset Management
Connecticut
+$890K
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$594K
5
Geode Capital Management
Geode Capital Management
Massachusetts
+$449K

Top Sellers

1
Morgan Stanley
Morgan Stanley
New York
-$4.17M
2
Franklin Resources
Franklin Resources
California
-$3.43M
3
BCM
Brigade Capital Management
New York
-$3.19M
4
BHMP
Bardin Hill Management Partners
New York
-$2.87M
5
Assenagon Asset Management
Assenagon Asset Management
Luxembourg
-$2.82M
Name Holding Trade Value Shares
Change 		Change in
Stake
Allianz Asset Management
1
Allianz Asset Management
Germany
$144M – – –
AM
2
Ares Management
California
$76.5M – – –
Vanguard Group
3
Vanguard Group
Pennsylvania
$59.4M -$647K -520,217 -1%
BlackRock
4
BlackRock
New York
$38.3M +$416K +334,434 +1%
LPAM
5
Legion Partners Asset Management
California
$33.9M +$5.27M +4,233,989 +21%
MCM
6
Mason Capital Management
New York
$29.1M – – –
Morgan Stanley
7
Morgan Stanley
New York
$23.9M -$4.17M -3,351,460 -16%
RCMNY
8
Rubric Capital Management (New York)
New York
$23.8M – – –
Charles Schwab
9
Charles Schwab
California
$17.1M -$667K -535,972 -4%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$11.5M +$449K +360,948 +4%
State Street
11
State Street
Massachusetts
$11.4M -$185K -148,955 -2%
DKCM
12
Davidson Kempner Capital Management
New York
$10.3M – – –
JP Morgan Chase
13
JP Morgan Chase
New York
$10.1M +$258K +207,687 +3%
BCM
14
Brigade Capital Management
New York
$10.1M -$3.19M -2,562,601 -26%
FDC
15
Flight Deck Capital
California
$8.73M -$1.46M -1,171,679 -16%
N
16
Nuveen
North Carolina
$8.26M -$47.9K -38,453 -0.6%
PCM
17
Penn Capital Management
Pennsylvania
$7.74M -$45.9K -36,867 -0.6%
Millennium Management
18
Millennium Management
New York
$6.14M -$42.9K -34,456 -0.8%
ZA
19
Zazove Associates
Nevada
$5.54M – – –
New York State Common Retirement Fund
20
New York State Common Retirement Fund
New York
$5.52M -$117K -93,752 -2%
BHMP
21
Bardin Hill Management Partners
New York
$5.24M -$2.87M -2,306,453 -38%
Neuberger Berman Group
22
Neuberger Berman Group
New York
$5.18M – – –
CCM
23
Contrarian Capital Management
Connecticut
$5.07M -$249K -200,000 -5%
Northern Trust
24
Northern Trust
Illinois
$4.86M +$21K +16,871 +0.5%
Assenagon Asset Management
25
Assenagon Asset Management
Luxembourg
$4.38M -$2.82M -2,268,572 -42%
1
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CCO Hedge Fund Activity: Q2 2023 in Review

164 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Clear Channel Outdoor Holdings (CCO) for Q2 2023, worth a combined $640M — up 8.5% from $590M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new CCO positions and 16 closed out — a net gain of 1 holder — while 31 added to existing stakes and 59 trimmed.

The largest buyer was Legion Partners Asset Management, adding an estimated $5.27M. The largest seller was Morgan Stanley, cutting an estimated $4.17M.

  • 164 institutional investors held Clear Channel Outdoor Holdings (CCO) as of Q2 2023, down from 166 in Q1 2023.
  • Funds reported $640M of Clear Channel Outdoor Holdings stock for Q2 2023, up 8.5% quarter-over-quarter.
  • 17 funds opened new Clear Channel Outdoor Holdings positions in Q2 2023 and 16 closed out, a net change of +1 holder.
  • The largest Clear Channel Outdoor Holdings buyer in Q2 2023 was Legion Partners Asset Management, an estimated $5.27M added.
  • The largest Clear Channel Outdoor Holdings seller in Q2 2023 was Morgan Stanley, an estimated $4.17M sold.

Based on aggregated 13F filings for Q2 2023.