Gray Television
GTN
120 hedge funds and large institutions have $597M invested in Gray Television in 2013 Q4 according to their latest regulatory filings, with 31 funds opening new positions, 38 increasing their positions, 45 reducing their positions, and 21 closing their positions.
333% more call options, than puts
Call options by funds: $8.27M | Put options by funds: $1.91M
93% more capital invested
Capital invested by funds: $310M → $597M (+$288M)
48% more first-time investments, than exits
New positions opened: 31 | Existing positions closed: 21
9% more funds holding
Funds holding: 110 → 120 (+10)
1.7% more ownership
Funds ownership: 75.56% → 77.26% (+1.7%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
16% less repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 45
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$11.7M |
| 2 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
+$8.5M |
| 3 |
EA
Emerald Advisers
Leola,
Pennsylvania
|
+$5.94M |
| 4 |
Morgan Stanley
New York
|
+$4.09M |
| 5 |
BIM
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
+$3.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Contrarius Investment Management
St. Helier,
Jersey
|
-$18.1M |
| 2 |
PCM
Penn Capital Management
Philadelphia,
Pennsylvania
|
-$4.5M |
| 3 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$4.27M |
| 4 |
BCM
Bridgeway Capital Management
Houston,
Texas
|
-$4.06M |
| 5 |
KCM
Kingdon Capital Management
New York
|
-$3.53M |
GTN Hedge Fund Activity: Q4 2013 in Review
120 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in Gray Television (GTN) for Q4 2013, worth a combined $597M — up 93% from $310M a quarter earlier.
Buyers outnumbered sellers: 31 funds opened new GTN positions and 21 closed out — a net gain of 10 holders — while 38 added to existing stakes and 45 trimmed.
The largest buyer was Invesco, adding an estimated $11.7M. The largest seller was Contrarius Investment Management, cutting an estimated $18.1M.
- 120 institutional investors held Gray Television (GTN) as of Q4 2013, up from 110 in Q3 2013.
- Funds reported $597M of Gray Television stock for Q4 2013, up 93% quarter-over-quarter.
- 31 funds opened new Gray Television positions in Q4 2013 and 21 closed out, a net change of +10 holders.
- The largest Gray Television buyer in Q4 2013 was Invesco, an estimated $11.7M added.
- The largest Gray Television seller in Q4 2013 was Contrarius Investment Management, an estimated $18.1M sold.
Based on aggregated 13F filings for Q4 2013.