Gray Television
GTN
184 hedge funds and large institutions have $996M invested in Gray Television in 2018 Q1 according to their latest regulatory filings, with 34 funds opening new positions, 71 increasing their positions, 54 reducing their positions, and 46 closing their positions.
31% more repeat investments, than reductions
Existing positions increased: 71 | Existing positions reduced: 54
1.16% more ownership
Funds ownership: 92.67% → 93.84% (+1.2%)
7% less funds holding
Funds holding: 197 → 184 (-13)
23% less capital invested
Capital invested by funds: $1.29B → $996M (-$297M)
26% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 46
31% less call options, than puts
Call options by funds: $2.64M | Put options by funds: $3.83M
60% less funds holding in top 10
Funds holding in top 10: 5 → 2 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DCP
Darsana Capital Partners
New York
|
+$23.9M |
| 2 |
TBC
Three Bays Capital
Boston,
Massachusetts
|
+$18.3M |
| 3 |
BlackRock
New York
|
+$10.4M |
| 4 |
MC
Maverick Capital
Dallas,
Texas
|
+$9.83M |
| 5 |
Goldman Sachs
New York
|
+$6.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Point72 Asset Management
Stamford,
Connecticut
|
-$18.5M |
| 2 |
CCM
Cloverdale Capital Management
Dallas,
Texas
|
-$16.5M |
| 3 |
WCA
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
-$11.7M |
| 4 |
WCA
Whetstone Capital Advisors
Shawnee Mission,
Kansas
|
-$11.4M |
| 5 |
Renaissance Technologies
New York
|
-$11M |
GTN Hedge Fund Activity: Q1 2018 in Review
184 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Gray Television (GTN) for Q1 2018, worth a combined $996M — down 23% from $1.29B a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of GTN and 34 opened new positions — a net loss of 12 holders — while 54 trimmed existing stakes and 71 added.
The largest buyer was Darsana Capital Partners, adding an estimated $23.9M. The largest seller was Point72 Asset Management, cutting an estimated $18.5M.
- 184 institutional investors held Gray Television (GTN) as of Q1 2018, down from 197 in Q4 2017.
- Funds reported $996M of Gray Television stock for Q1 2018, down 23% quarter-over-quarter.
- 34 funds opened new Gray Television positions in Q1 2018 and 46 closed out, a net change of -12 holders.
- The largest Gray Television buyer in Q1 2018 was Darsana Capital Partners, an estimated $23.9M added.
- The largest Gray Television seller in Q1 2018 was Point72 Asset Management, an estimated $18.5M sold.
Based on aggregated 13F filings for Q1 2018.