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News Media

News publishers have moved from print advertising to digital subscriptions, which rewards a distinct editorial voice over broad coverage. Wire services and financial information sit alongside the consumer titles.

26 stocks

#	Name	Holding	Trade Value	Theme Stocks	% of Portfolio	Status
1	BlackRock New York	$5.4B	-$463M	19	0.09%	Reduced
2	State Street Boston, Massachusetts	$4.04B	+$608M	18	0.14%	Increased
3	Vanguard Capital Management Malvern, Pennsylvania	$3.11B	+$3.2B	18	0.08%	New
4	Vanguard Portfolio Management Malvern, Pennsylvania	$2.63B	+$2.69B	17	0.14%	New
5	Independent Franchise Partners London, United Kingdom	$1.79B	-$71.4M	4	12.53%	Reduced
6	Geode Capital Management Boston, Massachusetts	$1.63B	-$44.7M	20	0.1%	Reduced
7	Goldman Sachs New York	$1.52B	-$169M	15	0.17%	Reduced
8	Dodge & Cox San Francisco, California	$1.32B	-$55.1M	3	0.73%	Reduced
9	Berkshire Hathaway Omaha, Nebraska	$1.27B	+$763M	1	0.48%	Increased
10	Dimensional Fund Advisors Austin, Texas	$1.17B	-$199M	15	0.24%	Reduced
11	AQR Capital Management Greenwich, Connecticut	$1.09B	+$187M	16	0.5%	Increased
12	Morgan Stanley New York	$871M	+$12.8M	22	0.05%	Increased
13	T. Rowe Price Investment Management Baltimore, Maryland	$784M	-$84.5M	1	0.54%	Reduced
14	Invesco Atlanta, Georgia	$780M	+$122M	14	0.08%	Increased
15	LP Linonia Partnership New York	$756M	+$683M	1	14.05%	New
16	Charles Schwab San Francisco, California	$731M	-$77.6M	15	0.11%	Reduced
17	Barclays London, United Kingdom	$718M	+$265M	17	0.17%	Increased
18	Northern Trust Chicago, Illinois	$682M	-$34.7M	18	0.09%	Reduced
19	State of Wisconsin Investment Board Madison, Wisconsin	$650M	+$8.23M	10	1.49%	Increased
20	LSV Asset Management Chicago, Illinois	$597M	-$160M	4	1.29%	Reduced
21	Yacktman Asset Management Austin, Texas	$549M	+$411K	4	7.33%	Increased
22	Fidelity Investments Boston, Massachusetts	$521M	+$148M	18	0.03%	Increased
23	T. Rowe Price Associates Baltimore, Maryland	$515M	-$24.6M	14	0.06%	Reduced
24	Bank of America Charlotte, North Carolina	$500M	+$47.7M	15	0.04%	Increased
25	JP Morgan Chase New York	$491M	+$179M	18	0.03%	Increased