Nexstar Media Group
NXST
433 hedge funds and large institutions have $5.97B invested in Nexstar Media Group in 2023 Q1 according to their latest regulatory filings, with 49 funds opening new positions, 148 increasing their positions, 173 reducing their positions, and 63 closing their positions.
2.45% more ownership
Funds ownership: 93.78% → 96.23% (+2.5%)
3% less capital invested
Capital invested by funds: $6.15B → $5.97B (-$182M)
5% less funds holding
Funds holding: 454 → 433 (-21)
14% less repeat investments, than reductions
Existing positions increased: 148 | Existing positions reduced: 173
22% less first-time investments, than exits
New positions opened: 49 | Existing positions closed: 63
25% less funds holding in top 10
Funds holding in top 10: 12 → 9 (-3)
47% less call options, than puts
Call options by funds: $18.9M | Put options by funds: $35.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Envestnet Asset Management
Chicago,
Illinois
|
+$156M |
| 2 |
AssetMark Inc
Concord,
California
|
+$46.1M |
| 3 |
Morgan Stanley
New York
|
+$22.2M |
| 4 |
Millennium Management
New York
|
+$18.8M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$16.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$55.8M |
| 2 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$50M |
| 3 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$41.4M |
| 4 |
GAM
Goldentree Asset Management
New York
|
-$31.4M |
| 5 |
Boston Partners
Boston,
Massachusetts
|
-$29.4M |
NXST Hedge Fund Activity: Q1 2023 in Review
433 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Nexstar Media Group (NXST) for Q1 2023, worth a combined $5.97B — down 3% from $6.15B a quarter earlier.
Sellers outnumbered buyers: 63 funds closed out of NXST and 49 opened new positions — a net loss of 14 holders — while 173 trimmed existing stakes and 148 added.
The largest buyer was Envestnet Asset Management, adding an estimated $156M. The largest seller was Fidelity Investments, cutting an estimated $55.8M.
- 433 institutional investors held Nexstar Media Group (NXST) as of Q1 2023, down from 454 in Q4 2022.
- Funds reported $5.97B of Nexstar Media Group stock for Q1 2023, down 3% quarter-over-quarter.
- 49 funds opened new Nexstar Media Group positions in Q1 2023 and 63 closed out, a net change of -14 holders.
- The largest Nexstar Media Group buyer in Q1 2023 was Envestnet Asset Management, an estimated $156M added.
- The largest Nexstar Media Group seller in Q1 2023 was Fidelity Investments, an estimated $55.8M sold.
Based on aggregated 13F filings for Q1 2023.