Nexstar Media Group
NXST
144 hedge funds and large institutions have $1.64B invested in Nexstar Media Group in 2013 Q4 according to their latest regulatory filings, with 29 funds opening new positions, 48 increasing their positions, 61 reducing their positions, and 22 closing their positions.
40% more funds holding in top 10
Funds holding in top 10: 5 → 7 (+2)
32% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 22
28% more capital invested
Capital invested by funds: $1.28B → $1.64B (+$358M)
26% more call options, than puts
Call options by funds: $21.9M | Put options by funds: $17.4M
5% more funds holding
Funds holding: 137 → 144 (+7)
21% less repeat investments, than reductions
Existing positions increased: 48 | Existing positions reduced: 61
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$49.1M |
| 2 |
Neuberger Berman Group
New York
|
+$38.3M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
+$22.7M |
| 4 |
CCM
Cobalt Capital Management
Short Hills,
New Jersey
|
+$21.6M |
| 5 |
MP
MSD Partners
New York
|
+$16.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Corvex Management
New York
|
-$48.6M |
| 2 |
JCMLC
JAT Capital Management LP (Connecticut)
Greenwich,
Connecticut
|
-$48.6M |
| 3 |
O
OppenheimerFunds
New York
|
-$17.7M |
| 4 |
SFM
Systematic Financial Management
Teaneck,
New Jersey
|
-$15.5M |
| 5 |
PAAMCP
Pacific Alternative Asset Management Company (PAAMCO)
Irvine,
California
|
-$12.9M |
NXST Hedge Fund Activity: Q4 2013 in Review
144 of the 3,459 institutional investors tracked by Wall St. Rank reported a position in Nexstar Media Group (NXST) for Q4 2013, worth a combined $1.64B — up 28% from $1.28B a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new NXST positions and 22 closed out — a net gain of 7 holders — while 48 added to existing stakes and 61 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $49.1M. The largest seller was Corvex Management, cutting an estimated $48.6M.
- 144 institutional investors held Nexstar Media Group (NXST) as of Q4 2013, up from 137 in Q3 2013.
- Funds reported $1.64B of Nexstar Media Group stock for Q4 2013, up 28% quarter-over-quarter.
- 29 funds opened new Nexstar Media Group positions in Q4 2013 and 22 closed out, a net change of +7 holders.
- The largest Nexstar Media Group buyer in Q4 2013 was Morgan Stanley, an estimated $49.1M added.
- The largest Nexstar Media Group seller in Q4 2013 was Corvex Management, an estimated $48.6M sold.
Based on aggregated 13F filings for Q4 2013.