Gray Television
GTN
194 hedge funds and large institutions have $382M invested in Gray Television in 2025 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 75 increasing their positions, 57 reducing their positions, and 32 closing their positions.
32% more repeat investments, than reductions
Existing positions increased: 75 | Existing positions reduced: 57
1.3% more ownership
Funds ownership: 84.06% → 85.35% (+1.3%)
5% less funds holding
Funds holding: 204 → 194 (-10)
15% less capital invested
Capital invested by funds: $449M → $382M (-$67.3M)
25% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 32
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
59% less call options, than puts
Call options by funds: $513K | Put options by funds: $1.24M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$5.02M |
| 2 |
Charles Schwab
San Francisco,
California
|
+$4.87M |
| 3 |
Morgan Stanley
New York
|
+$3.1M |
| 4 |
MVP
Miller Value Partners
Sarasota,
Florida
|
+$2.11M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
+$1.93M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
-$4.77M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$3.13M |
| 3 |
EF
Empowered Funds
Havertown,
Pennsylvania
|
-$3.1M |
| 4 |
Millennium Management
New York
|
-$2.3M |
| 5 |
Jacobs Levy Equity Management
Florham Park,
New Jersey
|
-$2.09M |
GTN Hedge Fund Activity: Q4 2025 in Review
194 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Gray Television (GTN) for Q4 2025, worth a combined $382M — down 15% from $449M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of GTN and 24 opened new positions — a net loss of 8 holders — while 57 trimmed existing stakes and 75 added.
The largest buyer was Goldman Sachs, adding an estimated $5.02M. The largest seller was Pacer Advisors, exiting entirely with an estimated $4.77M sold.
- 194 institutional investors held Gray Television (GTN) as of Q4 2025, down from 204 in Q3 2025.
- Funds reported $382M of Gray Television stock for Q4 2025, down 15% quarter-over-quarter.
- 24 funds opened new Gray Television positions in Q4 2025 and 32 closed out, a net change of -8 holders.
- The largest Gray Television buyer in Q4 2025 was Goldman Sachs, an estimated $5.02M added.
- The largest Gray Television seller in Q4 2025 was Pacer Advisors, an estimated $4.77M sold.
Based on aggregated 13F filings for Q4 2025.