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CMLS

Cumulus Media Inc. Class A Common Stock
CMLS

Delisted

CMLS was delisted on the 1st of May, 2025.

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73 hedge funds and large institutions have $38.2M invested in Cumulus Media Inc. Class A Common Stock in 2023 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 30 increasing their positions, 17 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,300% more call options, than puts

Call options by funds: $14K | Put options by funds: $1K

76% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 17

11% less funds holding

Funds holding: 82 → 73 (-9)

43% less capital invested

Capital invested by funds: $67.3M → $38.2M (-$29.1M)

53% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 17

Holders
73
Holders Change
-9
Holders Change %
-10.98%
% of All Funds
1.16%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
30
Reduced
17
Closed
17
Calls
$14K
Puts
$1K
Net Calls
+$13K
Net Calls Change
+$14K

Top Buyers

1
ZA
Zazove Associates
Nevada
+$586K
2
XT
XTX Topco
Cayman Islands
+$325K
3
UBS Group
UBS Group
Switzerland
+$250K
4
Goldman Sachs
Goldman Sachs
New York
+$228K
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$221K

Top Sellers

1
BPCM
Beach Point Capital Management
California
-$3.71M
2
CCM
Carronade Capital Management
Connecticut
-$2.51M
3
Morgan Stanley
Morgan Stanley
New York
-$1.91M
4
AQR Capital Management
AQR Capital Management
Connecticut
-$861K
5
BCM
Bridgeway Capital Management
Texas
-$548K
Name Holding Trade Value Shares
Change 		Change in
Stake
CIC
76
Cornercap Investment Counsel
Georgia
– -$407K -65,546 Closed
CC
77
Corton Capital
Ontario, Canada
– -$97.1K -15,639 Closed
DU
78
Delphia (USA)
Ontario, Canada
– -$89.2K -14,369 Closed
JF
79
Jump Financial
Illinois
– -$71.4K -11,500 Closed
HF
80
HRT Financial
New York
– -$62K -10,139 Closed
MIM
81
MetLife Investment Management
New Jersey
– -$59.1K -9,512 Closed
Lazard Asset Management
82
Lazard Asset Management
New York
– -$10K -1,706 Closed
MLICM
83
Metropolitan Life Insurance Company (MetLife)
New York
– -$6.97K -1,122 Closed
TWA
84
TCI Wealth Advisors
Arizona
– -$2.81K -453 Closed
MAM
85
Meeder Asset Management
Ohio
– -$826 -133 Closed
Simplex Trading
86
Simplex Trading
Illinois
– -$236 -42 Closed
Macquarie Group
87
Macquarie Group
Australia
– -$28 -5 -4%
LIM
88
Longfellow Investment Management
Massachusetts
– -$19 -3 Closed
CS
89
Credit Suisse
Switzerland
– -$6 -1 Closed
1 2 3
4

CMLS Hedge Fund Activity: Q1 2023 in Review

73 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Cumulus Media Inc. Class A Common Stock (CMLS) for Q1 2023, worth a combined $38.2M — down 43% from $67.3M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of CMLS and 8 opened new positions — a net loss of 9 holders — while 17 trimmed existing stakes and 30 added.

The largest buyer was Zazove Associates, adding an estimated $586K. The largest seller was Beach Point Capital Management, exiting entirely with an estimated $3.71M sold.

  • 73 institutional investors held Cumulus Media Inc. Class A Common Stock (CMLS) as of Q1 2023, down from 82 in Q4 2022.
  • Funds reported $38.2M of Cumulus Media Inc. Class A Common Stock stock for Q1 2023, down 43% quarter-over-quarter.
  • 8 funds opened new Cumulus Media Inc. Class A Common Stock positions in Q1 2023 and 17 closed out, a net change of -9 holders.
  • The largest Cumulus Media Inc. Class A Common Stock buyer in Q1 2023 was Zazove Associates, an estimated $586K added.
  • The largest Cumulus Media Inc. Class A Common Stock seller in Q1 2023 was Beach Point Capital Management, an estimated $3.71M sold.

Based on aggregated 13F filings for Q1 2023.