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Gray Television

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.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 12 (+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: 120119 (-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)

Holders
119
Holders Change
-1
Holders Change %
-0.83%
% of All Funds
3.44%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
30
Increased
40
Reduced
40
Closed
31
Calls
$2.05M
Puts
$1.72M
Net Calls
+$335K
Net Calls Change
-$6.03M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$83.9M +$7.51M +661,700 +9%
Dimensional Fund Advisors
2
Dimensional Fund Advisors
Texas
$43M -$663K -58,384 -1%
PCM
3
Penn Capital Management
Pennsylvania
$21.9M +$14.4M +1,266,901 +149%
CIM
4
Contrarius Investment Management
Jersey
$21.2M -$2.7M -237,578 -10%
SFM
5
Systematic Financial Management
New Jersey
$19.8M +$17.5M +1,541,028 +419%
GA
6
Glenhill Advisors
New York
$19.1M +$21M +1,846,263 New
BIT
7
BlackRock Institutional Trust
California
$14.5M +$184K +16,215 +1%
BFA
8
BlackRock Fund Advisors
California
$14.5M +$72.8K +6,415 +0.5%
Vanguard Group
9
Vanguard Group
Pennsylvania
$14.2M +$1.16M +101,721 +8%
DGHMC
10
Dalton, Greiner, Hartman, Maher & Co
New York
$12.6M -$2.16M -190,611 -14%
New York State Common Retirement Fund
11
New York State Common Retirement Fund
New York
$11.9M +$9.54M +839,750 +269%
GI
12
GAMCO Investors
Connecticut
$10.4M -$307K -27,075 -3%
WCA
13
Whetstone Capital Advisors
Kansas
$9.6M +$10.5M +925,322 New
CPIM
14
Columbia Partners Investment Management
Virginia
$9.35M -$6.29M -553,687 -38%
HW
15
Hancock Whitney
Mississippi
$8.57M +$7.94K +699 +0.1%
NM
16
Nokota Management
New York
$8.44M +$9.24M +813,790 New
State Street
17
State Street
Massachusetts
$8.22M +$287K +25,247 +3%
SPC
18
Silver Point Capital
Connecticut
$7.57M +$2.33M +205,000 +39%
Northern Trust
19
Northern Trust
Illinois
$6.42M -$689K -60,663 -9%
AQR Capital Management
20
AQR Capital Management
Connecticut
$5.98M +$2.19M +192,700 +50%
EA
21
Emerald Advisers
Pennsylvania
$5.95M +$137K +12,055 +2%
RFC
22
Russell Frank Company
Washington
$5.52M +$1.02M +90,125 +23%
Connor, Clark & Lunn Investment Management (CC&L)
23
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$4.88M -$2.72M -239,200 -36%
Goldman Sachs
24
Goldman Sachs
New York
$4.74M +$3.64M +320,903 +235%
EMFAT
25
Emerald Mutual Fund Advisers Trust
Pennsylvania
$4.7M -$3.99M -351,112 -44%

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.