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Gray Television

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.

New
Increased
Maintained
Reduced
Closed

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: 110120 (+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: 11 (0)

16% less repeat investments, than reductions

Existing positions increased: 38 | Existing positions reduced: 45

Holders
120
Holders Change
+10
Holders Change %
+9.09%
% of All Funds
3.48%
Holding in Top 10
1
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.03%
New
31
Increased
38
Reduced
45
Closed
21
Calls
$8.27M
Puts
$1.91M
Net Calls
+$6.37M
Net Calls Change
+$5.05M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$111M -$2.65K -251 -0%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$62.5M +$2.21M +208,595 +5%
CIM
3
Contrarius Investment Management
Jersey
$33.9M -$18.1M -1,712,937 -43%
CPIM
4
Columbia Partners Investment Management
Virginia
$21.6M -$997K -94,302 -6%
DGHMC
5
Dalton, Greiner, Hartman, Maher & Co
New York
$20.9M +$959K +90,757 +7%
BFA
6
BlackRock Fund Advisors
California
$20.7M -$513K -48,492 -3%
BIT
7
BlackRock Institutional Trust
California
$20.6M -$360K -34,033 -2%
Vanguard Group
8
Vanguard Group
Pennsylvania
$18.9M +$1.1M +104,269 +9%
Invesco
9
Invesco
Georgia
$17.7M +$11.7M +1,104,573 +1,314%
GI
10
GAMCO Investors
Connecticut
$15.3M -$931K -88,050 -8%
PCM
11
Penn Capital Management
Pennsylvania
$12.6M -$4.5M -425,995 -33%
HW
12
Hancock Whitney
Mississippi
$12.3M +$62.2K +5,880 +0.7%
TCM
13
TCS Capital Management
New York
$11.6M +$1.6M +151,671 +24%
State Street
14
State Street
Massachusetts
$11.4M +$623K +58,901 +8%
Connor, Clark & Lunn Investment Management (CC&L)
15
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$10.5M +$1.96M +185,300 +39%
EMFAT
16
Emerald Mutual Fund Advisers Trust
Pennsylvania
$10.2M +$8.5M +804,054 New
Northern Trust
17
Northern Trust
Illinois
$10.1M -$49.8K -4,706 -0.7%
Morgan Stanley
18
Morgan Stanley
New York
$8.48M +$4.09M +386,401 +211%
EA
19
Emerald Advisers
Pennsylvania
$8.35M +$5.94M +561,431 New
SPC
20
Silver Point Capital
Connecticut
$7.81M
BIM
21
Bogle Investment Management
Massachusetts
$7.18M +$3.8M +358,977 +291%
TA
22
Teton Advisors
New York
$6.96M -$1.56M -148,000 -24%
JP Morgan Chase
23
JP Morgan Chase
New York
$6.24M +$2.01M +190,189 +83%
AQR Capital Management
24
AQR Capital Management
Connecticut
$5.72M -$646K -61,100 -14%
SFM
25
Systematic Financial Management
New Jersey
$5.47M -$622K -58,850 -14%

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.