Vault-13

CUMULUS MEDIA INC

COM CL A · CUSIP 231082801

0 institutional holders -6 vs Q2 2025
—reported value*
0 new 0 added 0 reduced 6 sold out net sold ≈ $75.4k (-627.3k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 76Q4 22: 83Q1 23: 74Q2 23: 60Q3 23: 57Q4 23: 55Q1 24: 54Q2 24: 48Q3 24: 43Q4 24: 34Q1 25: 35Q2 25: 6Q3 25: 00Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 202276
Q4 202283
Q1 202374
Q2 202360
Q3 202357
Q4 202355
Q1 202454
Q2 202448
Q3 202443
Q4 202434
Q1 202535
Q2 20256
Q3 20250

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 23: 25 bought or addedQ4 23: 21 cut or sold outQ1 24: 24 bought or addedQ1 24: 23 cut or sold outQ1 24Q2 24: 14 bought or addedQ2 24: 29 cut or sold outQ3 24: 14 bought or addedQ3 24: 22 cut or sold outQ3 24Q4 24: 9 bought or addedQ4 24: 20 cut or sold outQ1 25: 8 bought or addedQ1 25: 16 cut or sold outQ1 25Q2 25: 1 bought or addedQ2 25: 32 cut or sold outQ3 25: 0 bought or addedQ3 25: 6 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 20232521
Q1 20242423
Q2 20241429
Q3 20241422
Q4 2024920
Q1 2025816
Q2 2025132
Q3 202506

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20k$40k$60kQ4 24 calls: $30.3kQ4 24 puts: $16.5kQ4 24P/C 0.54Q1 25 calls: $58.6kQ1 25 puts: $1.0kQ1 25P/C 0.02Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —
Numbers
QuarterCallsPutsP/C
Q4 2024$30.3k$16.5k0.54
Q1 2025$58.6k$1.0k0.02
Q2 2025$0$0—
Q3 2025$0$0—

Biggest buyers

None

Biggest sellers

ACADIAN ASSET MANAGEMENT LLC Sold out -424,984-425.0k
XTX Topco Ltd Sold out -69,765-69.8k
VOYA INVESTMENT MANAGEMENT LLC Sold out -66,448-66.4k
BARCLAYS PLC Sold out -47,511-47.5k
Empowered Funds, LLC Sold out -17,280-17.3k
SIMPLEX TRADING, LLC Sold out -1,274-1.3k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
ZAZOVE ASSOCIATES LLC 13G · institution -4.3 pts · filed 2026-08-14 7.9% -4.3 pts 1.4m 2026-08-14
BARCLAYS PLC 13G · institution new · filed 2025-11-12 5.2% new 897.4k 2025-11-12

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change