Gray Television
GTN
119 hedge funds and large institutions have $480M invested in Gray Television in 2014 Q1 according to their latest regulatory filings, with 30 funds opening new positions, 40 increasing their positions, 40 reducing their positions, and 31 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
20% more call options, than puts
Call options by funds: $2.05M | Put options by funds: $1.72M
10.82% more ownership
Funds ownership: 77.26% → 88.08% (+11%)
0% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 40
1% less funds holding
Funds holding: 120 → 119 (-1)
3% less first-time investments, than exits
New positions opened: 30 | Existing positions closed: 31
20% less capital invested
Capital invested by funds: $597M → $480M (-$117M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GA
Glenhill Advisors
New York
|
+$21M |
| 2 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
+$17.5M |
| 3 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
+$14.4M |
| 4 |
New York State Common Retirement Fund
Albany,
New York
|
+$9.54M |
| 5 |
NM
Nokota Management
New York
|
+$9.24M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$13M |
| 2 |
BIM
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
-$7.18M |
| 3 |
CPIM
Columbia Partners Investment Management
Alexandria,
Virginia
|
-$6.29M |
| 4 |
Morgan Stanley
New York
|
-$5.75M |
| 5 |
TCM
TCS Capital Management
New York
|
-$4.64M |
GTN Hedge Fund Activity: Q1 2014 in Review
119 of the 3,463 institutional investors tracked by Wall St. Rank reported a position in Gray Television (GTN) for Q1 2014, worth a combined $480M — down 20% from $597M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of GTN and 30 opened new positions — a net loss of 1 holder — while 40 trimmed existing stakes and 40 added.
The largest buyer was Glenhill Advisors, opening a new position worth an estimated $21M. The largest seller was Invesco, cutting an estimated $13M.
- 119 institutional investors held Gray Television (GTN) as of Q1 2014, down from 120 in Q4 2013.
- Funds reported $480M of Gray Television stock for Q1 2014, down 20% quarter-over-quarter.
- 30 funds opened new Gray Television positions in Q1 2014 and 31 closed out, a net change of -1 holder.
- The largest Gray Television buyer in Q1 2014 was Glenhill Advisors, an estimated $21M added.
- The largest Gray Television seller in Q1 2014 was Invesco, an estimated $13M sold.
Based on aggregated 13F filings for Q1 2014.