NEXSTAR MEDIA GROUP INC NXST
COMMON STOCK · Common Stock · CUSIP 65336K103 · ISIN US65336K1034
American media company
- SectorCommunication
- IndustryTelevision Broadcasting Stations
- HeadquartersIrving, TX
- Founded1996
- Websitenexstar.tv
- FilingsSEC EDGAR
* 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 ($15.0m this quarter). Holder counts are more reliable. Shares outstanding: 36.8m as of 2023-02-27, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $169.00. Options: 11 managers hold calls ($18.9m notional), 11 hold puts ($35.3m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 436 |
| Q4 2022 | 456 |
| Q1 2023 | 435 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 233 | 210 |
| Q1 2023 | 199 | 233 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $18.2m | $34.0m | 1.87 |
| Q4 2022 | $15.5m | $72.7m | 4.70 |
| Q1 2023 | $18.9m | $35.3m | 1.87 |
Biggest buyers
| FMR LLC | Added | +1.3m |
| ENVESTNET ASSET MANAGEMENT INC | Added | +849.4k |
| ASSETMARK, INC | Added | +250.6k |
| STRS OHIO | Added | +202.8k |
| MORGAN STANLEY | Added | +120.9k |
| MILLENNIUM MANAGEMENT LLC | Added | +101.9k |
| UBS Group AG | Added | +91.4k |
| Brandywine Global Investment Management, LLC | Added | +77.8k |
| Pacer Advisors, Inc. | Added | +68.7k |
| Qube Research & Technologies Ltd | Added | +62.9k |
Biggest sellers
| CIBC Private Wealth Group LLC | Reduced | -270.1k |
| Park West Asset Management LLC | Sold out | -236.4k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -184.8k |
| GOLDENTREE ASSET MANAGEMENT LP | Sold out | -179.3k |
| Boston Partners | Reduced | -159.8k |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -142.0k |
| Clark Capital Management Group, Inc. | Reduced | -138.3k |
| CARDINAL CAPITAL MANAGEMENT LLC /CT | Reduced | -103.2k |
| MARSHALL WACE, LLP | Sold out | -103.0k |
| ABRAMS BISON INVESTMENTS, LLC | Reduced | -90.0k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $7.2m41.6k shares |
| PEAK6 Investments LLC | Added | $4.5m26.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.9m11.0k shares |
| SIMPLEX TRADING, LLC | Added | $1.4m8.4k shares |
| JANE STREET GROUP, LLC | Added | $1.1m6.3k shares |
| Walleye Trading LLC | Reduced | $915.1k5.3k shares |
| TWO SIGMA SECURITIES, LLC | New | $828.8k4.8k shares |
| WOLVERINE TRADING, LLC | Reduced | $595.0k3.5k shares |
| TUDOR INVESTMENT CORP ET AL | New | $294.0k1.7k shares |
| GROUP ONE TRADING LLC | Added | $120.9k700 shares |
Biggest puts
| PEAK6 Investments LLC | Added | $10.6m61.4k shares |
| CITADEL ADVISORS LLC | Added | $9.0m51.9k shares |
| Point72 Asset Management, L.P. | Reduced | $8.6m50.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.4m19.8k shares |
| SIMPLEX TRADING, LLC | New | $1.1m6.4k shares |
| WOLVERINE TRADING, LLC | Reduced | $748.0k4.4k shares |
| Walleye Trading LLC | Reduced | $604.3k3.5k shares |
| TWO SIGMA SECURITIES, LLC | Added | $604.3k3.5k shares |
| JANE STREET GROUP, LLC | Reduced | $328.1k1.9k shares |
| TUDOR INVESTMENT CORP ET AL | New | $278.0k1.6k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
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.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-04-03 | 10.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q1 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 3 | $65.7m | — |
| Q1 2022 | 0 | — | 10 | $113.4m | — |
| Q2 2022 | 0 | — | 9 | $3.0m | — |
| Q3 2022 | 0 | — | 5 | $4.2m | — |
| Q4 2022 | 0 | — | 6 | $9.5m | — |
| Q1 2023 | 0 | — | 7 | $1.4m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-03-21 | Carter Thomas President and COO | Sold | $506.0k3.1k shares |
| 2023-03-21 | Russell Blake EVP, Station Operations | Sold | $73.5k448 shares |
| 2023-03-21 | Jenkins Brett EVP, Chief Technology Officer | Sold | $73.5k448 shares |
| 2023-03-21 | ALFORD ANDREW President, Broadcasting | Sold | $39.2k239 shares |
| 2023-03-21 | Brophy Karen A President, Digital | Sold | $18.2k111 shares |
| 2023-03-15 | McNabb Lisbeth Director | Sold | $80.0k500 shares |
| 2023-03-07 | COMPTON SEAN President, Networks | Sold | $439.6k2.5k shares |
| 2023-03-06 | Carter Thomas President and COO | Sold | $256.1k1.4k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.02% of their portfolio | 3.5m $602.5m | Added +30.2k |
| BlackRock Inc. 0.02% of their portfolio | 3.4m $586.6m | Added +27.7k |
| FMR LLC 0.02% of their portfolio | 3.1m $541.4m | Added +1.3m |
| Boston Partners 0.40% of their portfolio | 1.7m $288.9m | Reduced -159.8k |
| NEUBERGER BERMAN GROUP LLC 0.27% of their portfolio | 1.7m $287.2m | Reduced -30.0k |
| DIMENSIONAL FUND ADVISORS LP 0.08% of their portfolio | 1.3m $231.0m | Reduced -184.8k |
| LSV ASSET MANAGEMENT 0.51% of their portfolio | 1.3m $226.6m | Added +2.8k |
| STATE STREET CORP 0.01% of their portfolio | 1.0m $179.4m | Added +5.3k |
| MORGAN STANLEY 0.02% of their portfolio | 1.0m $177.9m | Added +120.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 945.8k $18.2m | Added +849.4k |
| CARDINAL CAPITAL MANAGEMENT LLC /CT 5.13% of their portfolio | 840.3k $145.1m | Reduced -103.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 654.5k $113.9m | Reduced -25.9k |
| MACQUARIE GROUP LTD 0.13% of their portfolio | 650.0k $112.2m | Reduced -65.7k |
| AMERIPRISE FINANCIAL INC 0.04% of their portfolio | 633.0k $109.3m | Reduced -10.8k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.56% of their portfolio | 564.9k $97.5m | Reduced -77.8k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 452.7k $78.2m | Reduced -173 |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 452.5k $78.1m | Added +23.5k |
| Pacer Advisors, Inc. 0.32% of their portfolio | 437.3k $75.5m | Added +68.7k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 425.6k $73.5m | Added +7.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 407.6k $70.4m | Added +12.7k |
| Copeland Capital Management, LLC 1.63% of their portfolio | 401.8k $69.4m | Added +18.9k |
| BROWN ADVISORY INC 0.11% of their portfolio | 381.7k $65.9m | Added +4.4k |
| STRS OHIO 0.09% of their portfolio | 348.8k $60.2m | Added +202.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 341.1k $58.9m | Added +647 |
| NORGES BANK 0.01% of their portfolio | 333.7k $57.6m | Reduced -33.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 316.2k $54.6m | Reduced -36.4k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.65% of their portfolio | 306.5k $52.9m | Added +15.2k |
| ABRAMS BISON INVESTMENTS, LLC 5.11% of their portfolio | 296.0k $51.1m | Reduced -90.0k |
| GLENMEDE TRUST CO NA 0.25% of their portfolio | 256.1k $44.2m | Added +1.6k |
| ASSETMARK, INC 0.18% of their portfolio | 256.1k $44.2m | Added +250.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 236.0k $40.7m | Reduced -72.4k |
| AMERICAN FINANCIAL GROUP INC 12.20% of their portfolio | 227.5k $39.3m | Reduced -15.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 220.9k $38.1m | Added +242 |
| CAPTRUST FINANCIAL ADVISORS 0.17% of their portfolio | 220.1k $38.0m | Added +22.3k |
| Allianz Asset Management GmbH 0.08% of their portfolio | 213.2k $36.8m | Added +4.5k |
| Invesco Ltd. 0.01% of their portfolio | 211.9k $36.6m | Reduced -18.3k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.60% of their portfolio | 205.0k $35.4m | Reduced -51.8k |
| Epoch Investment Partners, Inc. 0.20% of their portfolio | 196.0k $33.8m | Added +3.1k |
| Clark Capital Management Group, Inc. 0.37% of their portfolio | 193.1k $33.3m | Reduced -138.3k |
| LORD, ABBETT & CO. LLC 0.06% of their portfolio | 191.8k $33.1m | Added +19.1k |
| HighTower Advisors, LLC 0.07% of their portfolio | 180.5k $31.2m | Reduced -73.0k |
| QVT Financial LP 1.69% of their portfolio | 165.7k $28.6m | Unchanged |
| Fiera Capital Corp 0.08% of their portfolio | 163.3k $28.2m | Reduced -1.8k |
| Brandywine Global Investment Management, LLC 0.11% of their portfolio | 157.5k $27.2m | Added +77.8k |
| PRIVATE MANAGEMENT GROUP INC 1.21% of their portfolio | 155.9k $26.9m | Reduced -37.3k |
| BRUNI J V & CO /CO 3.67% of their portfolio | 153.5k $26.5m | Added +865 |
| PNC Financial Services Group, Inc. 0.02% of their portfolio | 150.8k $26.0m | Reduced -328 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 148.3k $25.6m | Reduced -6.0k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 148.2k $25.6m | Added +101.9k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.48% of their portfolio | 145.4k $25.1m | Added +7.3k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 139.4k $24.1m | Reduced -51.5k |
| WASATCH ADVISORS LP 0.14% of their portfolio | 130.7k $22.6m | Reduced -13.6k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 124.5k $21.5m | Added +4.1k |
| GAMCO INVESTORS, INC. ET AL 0.21% of their portfolio | 113.0k $19.5m | Reduced -15.2k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 109.0k $18.8m | Reduced -1.2k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.06% of their portfolio | 108.4k $18.7m | Added +1.7k |
| UBS Group AG 0.01% of their portfolio | 107.0k $18.5m | Added +91.4k |
| CAPITAL MANAGEMENT CORP /VA 4.21% of their portfolio | 106.1k $18.3m | Added +53.1k |
| COMMERCE BANK 0.14% of their portfolio | 102.8k $17.7m | Added +2.9k |
| Bahl & Gaynor LLC 0.09% of their portfolio | 100.3k $17.3m | Added +22.1k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 99.7k $17.2m | Added +53.6k |
| Penn Capital Management Company, LLC 1.74% of their portfolio | 99.6k $17.3m | Added +13.0k |
| Qube Research & Technologies Ltd 0.10% of their portfolio | 97.3k $16.8m | Added +62.9k |
| BOSTON FINANCIAL MANGEMENT LLC 0.63% of their portfolio | 93.8k $16.2m | Added +3.2k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 92.0k $15.9m | Reduced -39.7k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 89.5k $15.5m | Reduced -4.1k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 84.1k $14.5m | Reduced -8.5k |
| California Public Employees Retirement System 0.01% of their portfolio | 81.7k $14.1m | Reduced -9.4k |
| Swiss National Bank 0.01% of their portfolio | 81.5k $14.1m | Reduced -12.2k |
| Channing Capital Management, LLC 0.44% of their portfolio | 78.5k $13.6m | Added +1.9k |
| TD Asset Management Inc 0.02% of their portfolio | 78.0k $13.5m | Reduced -5.0k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 77.6k $13.4m | Reduced -1.1k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 72.5k $12.5m | Reduced -7.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 68.4k $11.8m | Added +1.7k |
| GABELLI FUNDS LLC 0.09% of their portfolio | 67.0k $11.6m | Added +2.0k |
| Crossmark Global Holdings, Inc. 0.26% of their portfolio | 64.6k $11.2m | Added +1.3k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 64.0k $11.1m | Reduced -1.3k |
| Amundi 0.01% of their portfolio | 63.7k $11.0m | Reduced -2.3k |
| Ziegler Capital Management, LLC 0.42% of their portfolio | 62.2k $10.7m | Reduced -1.1k |
| BESSEMER GROUP INC 0.02% of their portfolio | 59.2k $10.2m | Added +1.5k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 59.2k $10.1m | Reduced -15.4k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.07% of their portfolio | 58.2k $10.0m | Reduced -547 |
| Legal & General Group Plc 0.00% of their portfolio | 57.3k $9.9m | Added +1.1k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 55.7k $9.5m | Added +5.3k |
| Keeley-Teton Advisors, LLC 1.18% of their portfolio | 55.4k $9.6m | Reduced -1.4k |
| Retirement Systems of Alabama 0.04% of their portfolio | 55.4k $9.6m | Added +5.7k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 53.4k $9.2m | Reduced -6.5k |
| Mesirow Institutional Investment Management, Inc. 0.98% of their portfolio | 52.5k $9.1m | Added +1.5k |
| BRAUN STACEY ASSOCIATES INC 0.23% of their portfolio | 50.1k $8.6m | Reduced -51.8k |
| Fairbanks Capital Management, Inc. 6.86% of their portfolio | 50.0k $8.6m | Added +564 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 46.9k $8.1m | Reduced -1.6k |
| Man Group plc 0.03% of their portfolio | 43.3k $7.5m | New |
| Phocas Financial Corp. 1.05% of their portfolio | 42.6k $7.4m | Reduced -40.3k |
| PINNACLE ASSOCIATES LTD 0.15% of their portfolio | 41.4k $7.2m | Reduced -2.4k |
| SIT INVESTMENT ASSOCIATES INC 0.19% of their portfolio | 41.2k $7.1m | Reduced -130 |
| BURNEY CO/ 0.34% of their portfolio | 40.4k $7.0m | Added +1.3k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 39.4k $6.8m | Added +289 |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 39.0k $6.7m | Added +50 |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 38.4k $6.6m | Added +6.8k |
| Parcion Private Wealth LLC 0.65% of their portfolio | 35.9k $6.2m | Added +7.4k |