Gray Television
GTN
155 hedge funds and large institutions have $567M invested in Gray Television in 2016 Q3 according to their latest regulatory filings, with 22 funds opening new positions, 68 increasing their positions, 44 reducing their positions, and 31 closing their positions.
55% more repeat investments, than reductions
Existing positions increased: 68 | Existing positions reduced: 44
3.89% less ownership
Funds ownership: 86.78% → 82.88% (-3.9%)
5% less funds holding
Funds holding: 164 → 155 (-9)
9% less capital invested
Capital invested by funds: $624M → $567M (-$57.4M)
29% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 31
32% less call options, than puts
Call options by funds: $2.37M | Put options by funds: $3.46M
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$27.7M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$17M |
| 3 |
CLM
ClearBridge LLC (Maryland)
Baltimore,
Maryland
|
+$7.61M |
| 4 |
BCM
Brigade Capital Management
New York
|
+$4.96M |
| 5 |
MPAM
Monarch Partners Asset Management
Boston,
Massachusetts
|
+$4.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CGI
Calixto Global Investors
Coral Gables,
Florida
|
-$26.3M |
| 2 |
CCM
Channing Capital Management
Chicago,
Illinois
|
-$15M |
| 3 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$10.4M |
| 4 |
TA
Teachers Advisors
New York
|
-$9.06M |
| 5 |
CCI
Columbus Circle Investors
|
-$8.26M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Balyasny Asset Management
Chicago,
Illinois
| – | -$189K | -17,430 | Closed |
|
177
Capstone Investment Advisors
New York
| – | -$179K | -16,500 | Closed |
|
|
BCM
178
Bayesian Capital Management
Brooklyn,
New York
| – | -$171K | -15,777 | Closed |
|
|
QSS
179
Quantitative Systematic Strategies
Ponte Vedra Beach,
Florida
| – | -$171K | -15,718 | Closed |
|
|
FMT
180
First Mercantile Trust
Cordova,
Tennessee
| – | -$166K | -15,300 | Closed |
|
181
Los Angeles Capital Management
Los Angeles,
California
| – | -$163K | -15,020 | Closed |
|
|
OAM
182
Orinda Asset Management
Lafayette,
California
| – | -$128K | -10,914 | Closed |
|
183
Teacher Retirement System of Texas
Austin,
Texas
| – | -$100K | -9,196 | Closed |
|
|
BJ
184
BlackRock Japan
Tokyo,
Japan
| – | -$16K | -1,451 | Closed |
|
|
MA
185
MUFG Americas
New York
| – | -$15K | -1,364 | Closed |
|
|
KPCM
186
Kings Point Capital Management
Great Neck,
New York
| – | -$10K | -925 | Closed |
|
GTN Hedge Fund Activity: Q3 2016 in Review
155 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Gray Television (GTN) for Q3 2016, worth a combined $567M — down 9.2% from $624M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of GTN and 22 opened new positions — a net loss of 9 holders — while 44 trimmed existing stakes and 68 added.
The largest buyer was UBS O'Connor, adding an estimated $27.7M. The largest seller was Calixto Global Investors, exiting entirely with an estimated $26.3M sold.
- 155 institutional investors held Gray Television (GTN) as of Q3 2016, down from 164 in Q2 2016.
- Funds reported $567M of Gray Television stock for Q3 2016, down 9.2% quarter-over-quarter.
- 22 funds opened new Gray Television positions in Q3 2016 and 31 closed out, a net change of -9 holders.
- The largest Gray Television buyer in Q3 2016 was UBS O'Connor, an estimated $27.7M added.
- The largest Gray Television seller in Q3 2016 was Calixto Global Investors, an estimated $26.3M sold.
Based on aggregated 13F filings for Q3 2016.