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 ($10.9m this quarter). Holder counts are more reliable. Shares outstanding: 35.1m as of 2023-08-07, 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 ≈ $166.14. Options: 13 managers hold calls ($30.0m notional), 12 hold puts ($16.7m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 436 |
| Q4 2022 | 456 |
| Q1 2023 | 435 |
| Q2 2023 | 446 |
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 |
| Q2 2023 | 187 | 245 |
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 |
| Q2 2023 | $30.0m | $16.7m | 0.56 |
Biggest buyers
| CITADEL ADVISORS LLC | New | +168.9k |
| T. Rowe Price Investment Management, Inc. | New | +94.0k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | Added | +60.7k |
| Pacer Advisors, Inc. | Added | +48.1k |
| FIRST TRUST ADVISORS LP | Added | +45.1k |
| PAYDEN & RYGEL | New | +41.6k |
| BRUNI J V & CO /CO | Added | +39.8k |
| JANE STREET GROUP, LLC | Added | +37.2k |
| Qube Research & Technologies Ltd | Added | +35.7k |
| Copeland Capital Management, LLC | Added | +34.2k |
Biggest sellers
| FMR LLC | Reduced | -1.4m |
| ENVESTNET ASSET MANAGEMENT INC | Reduced | -834.7k |
| MACQUARIE GROUP LTD | Reduced | -445.5k |
| STRS OHIO | Reduced | -340.4k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | Reduced | -200.9k |
| BlackRock Inc. | Reduced | -166.5k |
| VANGUARD GROUP INC | Reduced | -134.7k |
| Brandywine Global Investment Management, LLC | Reduced | -76.9k |
| Allianz Asset Management GmbH | Reduced | -72.3k |
| NEUBERGER BERMAN GROUP LLC | Reduced | -70.4k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $7.6m45.9k shares |
| CITADEL ADVISORS LLC | Added | $7.0m42.0k shares |
| PEAK6 Investments LLC | Added | $4.5m26.9k shares |
| WOLVERINE TRADING, LLC | Added | $3.5m20.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.3m19.8k shares |
| D. E. Shaw & Co., Inc. | New | $1.4m8.4k shares |
| TWO SIGMA SECURITIES, LLC | Added | $866.1k5.2k shares |
| CSS LLC/IL | New | $832.8k5.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $349.0k2.1k shares |
| Walleye Capital LLC | New | $316.4k1.9k shares |
Biggest puts
| PEAK6 Investments LLC | Reduced | $4.4m26.3k shares |
| CITADEL ADVISORS LLC | Reduced | $4.0m23.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.2m13.4k shares |
| CAPITAL FUND MANAGEMENT S.A. | New | $1.7m10.5k shares |
| JANE STREET GROUP, LLC | Added | $1.2m7.4k shares |
| D. E. Shaw & Co., Inc. | New | $966.0k5.8k shares |
| Walleye Capital LLC | New | $732.8k4.4k shares |
| TWO SIGMA SECURITIES, LLC | Added | $716.2k4.3k shares |
| WOLVERINE TRADING, LLC | Reduced | $456.8k2.7k shares |
| Walleye Trading LLC | Reduced | $133.2k800 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2023 | 0 | — | 10 | $6.2m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-28 | Morgan Rachel EVP General Counsel | Sold | $153.5k937 shares |
| 2023-06-27 | Russell Blake EVP, Station Operations | Sold | $503.7k3.0k shares |
| 2023-06-26 | Russell Blake EVP, Station Operations | Sold | $602.9k3.7k shares |
| 2023-06-08 | McMillen Charles Thomas Director | Sold | $205.7k1.2k shares |
| 2023-06-07 | Carter Thomas President and COO | Sold | $1.7m10.0k shares |
| 2023-06-06 | ZIMMER DANA President, Distribution | Sold | $136.3k858 shares |
| 2023-06-06 | COMPTON SEAN President, Networks | Sold | $130.4k821 shares |
| 2023-06-06 | ALFORD ANDREW President, Broadcasting | Sold | $115.8k729 shares |
| 2023-06-06 | Jenkins Brett EVP, Chief Technology Officer | Sold | $93.4k588 shares |
| 2023-06-06 | Russell Blake EVP, Station Operations | Sold | $81.2k511 shares |
| 2023-06-06 | WEITMAN GARY Officer | Sold | $67.5k425 shares |
| 2023-06-06 | Gliha Lee Ann EVP, Chief Financial Officer | Sold | $50.3k317 shares |
| 2023-06-02 | Carter Thomas President and COO | Sold | $1.6m10.0k shares |
| 2023-05-18 | ZIMMER DANA President, Distribution | Sold | $189.2k1.2k shares |
| 2023-05-18 | COMPTON SEAN President, Networks | Sold | $181.1k1.1k shares |
| 2023-05-18 | ALFORD ANDREW President, Broadcasting | Sold | $136.2k842 shares |
| 2023-05-18 | Jenkins Brett EVP, Chief Technology Officer | Sold | $119.3k737 shares |
| 2023-05-18 | Russell Blake EVP, Station Operations | Sold | $101.3k626 shares |
| 2023-05-18 | WEITMAN GARY Officer | Sold | $69.6k430 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, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 3.4m $558.7m | Reduced -134.7k |
| BlackRock Inc. 0.01% of their portfolio | 3.2m $538.1m | Reduced -166.5k |
| FMR LLC 0.02% of their portfolio | 1.7m $282.0m | Reduced -1.4m |
| Boston Partners 0.36% of their portfolio | 1.6m $268.1m | Reduced -69.2k |
| NEUBERGER BERMAN GROUP LLC 0.24% of their portfolio | 1.6m $265.3m | Reduced -70.4k |
| LSV ASSET MANAGEMENT 0.49% of their portfolio | 1.3m $220.3m | Added +10.6k |
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 1.3m $215.7m | Reduced -43.2k |
| STATE STREET CORP 0.01% of their portfolio | 990.4k $165.0m | Reduced -48.6k |
| MORGAN STANLEY 0.02% of their portfolio | 985.7k $164.2m | Reduced -44.6k |
| CARDINAL CAPITAL MANAGEMENT LLC /CT 4.89% of their portfolio | 774.6k $129.0m | Reduced -65.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 660.6k $110.7m | Added +6.2k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 629.5k $104.8m | Reduced -3.5k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.56% of their portfolio | 589.7k $98.2m | Added +24.7k |
| Pacer Advisors, Inc. 0.33% of their portfolio | 485.4k $80.8m | Added +48.1k |
| Copeland Capital Management, LLC 1.50% of their portfolio | 436.0k $72.6m | Added +34.2k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 432.2k $72.0m | Reduced -20.4k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 423.6k $70.6m | Added +16.0k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 421.1k $70.1m | Reduced -31.4k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 412.5k $68.7m | Reduced -13.1k |
| BROWN ADVISORY INC 0.10% of their portfolio | 365.3k $60.8m | Reduced -16.3k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 329.6k $54.9m | Reduced -11.6k |
| NORGES BANK 0.01% of their portfolio | 302.4k $50.4m | Reduced -31.2k |
| ABRAMS BISON INVESTMENTS, LLC 4.94% of their portfolio | 296.0k $49.3m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 279.3k $46.5m | Reduced -36.9k |
| GLENMEDE TRUST CO NA 0.25% of their portfolio | 256.2k $44.2m | Added +94 |
| ASSETMARK, INC 0.16% of their portfolio | 247.3k $41.2m | Reduced -8.7k |
| CAPTRUST FINANCIAL ADVISORS 0.16% of their portfolio | 240.8k $40.1m | Added +20.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio | 233.5k $38.9m | Reduced -2.5k |
| AMERICAN FINANCIAL GROUP INC 11.71% of their portfolio | 227.5k $37.9m | Unchanged |
| Invesco Ltd. 0.01% of their portfolio | 212.8k $35.4m | Added +896 |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.62% of their portfolio | 206.1k $34.3m | Added +60.7k |
| MACQUARIE GROUP LTD 0.04% of their portfolio | 204.5k $34.1m | Reduced -445.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 203.6k $33.9m | Reduced -17.3k |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.54% of their portfolio | 203.5k $33.9m | Reduced -1.5k |
| Clark Capital Management Group, Inc. 0.29% of their portfolio | 197.1k $32.8m | Added +4.0k |
| BRUNI J V & CO /CO 4.28% of their portfolio | 193.4k $32.2m | Added +39.8k |
| LORD, ABBETT & CO. LLC 0.05% of their portfolio | 191.7k $31.9m | Reduced -40 |
| Epoch Investment Partners, Inc. 0.18% of their portfolio | 189.9k $31.6m | Reduced -6.1k |
| HighTower Advisors, LLC 0.06% of their portfolio | 185.6k $30.7m | Added +5.1k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 168.9k $28.1m | New |
| QVT Financial LP 1.62% of their portfolio | 165.7k $27.6m | Unchanged |
| Fiera Capital Corp 0.08% of their portfolio | 159.3k $26.5m | Reduced -4.0k |
| PRIVATE MANAGEMENT GROUP INC 1.11% of their portfolio | 156.6k $26.1m | Added +634 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 146.0k $24.3m | Reduced -2.3k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 144.8k $24.1m | Added +45.1k |
| PNC Financial Services Group, Inc. 0.02% of their portfolio | 144.2k $24.0m | Reduced -6.6k |
| Allianz Asset Management GmbH 0.05% of their portfolio | 141.0k $23.5m | Reduced -72.3k |
| CAPITAL MANAGEMENT CORP /VA 4.99% of their portfolio | 140.1k $23.3m | Added +34.0k |
| Qube Research & Technologies Ltd 0.09% of their portfolio | 133.0k $22.1m | Added +35.7k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 130.4k $21.7m | Reduced -9.0k |
| WASATCH ADVISORS LP 0.13% of their portfolio | 124.2k $20.7m | Reduced -6.5k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 123.1k $20.5m | Reduced -1.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 111.1k $18.5m | Reduced -834.7k |
| Bahl & Gaynor LLC 0.11% of their portfolio | 110.2k $18.4m | Added +9.8k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 108.2k $18.0m | Reduced -810 |
| GAMCO INVESTORS, INC. ET AL 0.19% of their portfolio | 107.0k $17.8m | Reduced -6.1k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.20% of their portfolio | 105.6k $17.6m | Reduced -200.9k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 103.9k $17.3m | Reduced -44.4k |
| COMMERCE BANK 0.13% of their portfolio | 103.4k $17.2m | Added +637 |
| Penn Capital Management Company, LLC 1.65% of their portfolio | 101.9k $17.0m | Added +2.4k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 98.7k $16.4m | Added +9.2k |
| UBS Group AG 0.01% of their portfolio | 98.3k $16.4m | Reduced -8.7k |
| T. Rowe Price Investment Management, Inc. 0.01% of their portfolio | 94.0k $15.7m | New |
| BOSTON FINANCIAL MANGEMENT LLC 0.56% of their portfolio | 93.1k $15.5m | Reduced -743 |
| COMERICA BANK 0.00% of their portfolio | 92.9k $35 | First filing |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.05% of their portfolio | 87.7k $14.6m | Reduced -20.7k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 85.3k $14.2m | Reduced -6.7k |
| Brandywine Global Investment Management, LLC 0.11% of their portfolio | 80.6k $13.4m | Reduced -76.9k |
| Swiss National Bank 0.01% of their portfolio | 80.1k $13.3m | Reduced -1.4k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 76.2k $12.7m | Added +37.2k |
| California Public Employees Retirement System 0.01% of their portfolio | 75.7k $12.6m | Reduced -6.0k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 75.1k $12.5m | Reduced -2.4k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 70.8k $11.8m | Reduced -1.6k |
| AQR CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 70.0k $11.7m | Added +14.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 68.4k $11.8m | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 67.9k $11.3m | Reduced -16.2k |
| GABELLI FUNDS LLC 0.08% of their portfolio | 67.0k $11.2m | Unchanged |
| TD Asset Management Inc 0.01% of their portfolio | 65.2k $10.9m | Reduced -12.8k |
| BESSEMER GROUP INC 0.02% of their portfolio | 64.5k $10.7m | Added +5.2k |
| Crossmark Global Holdings, Inc. 0.25% of their portfolio | 64.2k $11.7m | Reduced -398 |
| Ziegler Capital Management, LLC 0.39% of their portfolio | 61.6k $10.3m | Reduced -511 |
| Mesirow Institutional Investment Management, Inc. 1.05% of their portfolio | 61.2k $10.2m | Added +8.7k |
| Channing Capital Management, LLC 0.31% of their portfolio | 60.4k $10.1m | Reduced -18.2k |
| Amundi 0.01% of their portfolio | 60.1k $10.0m | Reduced -3.6k |
| Legal & General Group Plc 0.00% of their portfolio | 56.4k $9.4m | Reduced -902 |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 55.4k $9.2m | Reduced -8.7k |
| B. Metzler seel. Sohn & Co. AG 0.12% of their portfolio | 54.4k $9.1m | Added +27.1k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.06% of their portfolio | 54.2k $9.0m | Reduced -4.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 53.6k $8.9m | Added +257 |
| Phocas Financial Corp. 1.21% of their portfolio | 52.9k $8.8m | Added +10.3k |
| Fairbanks Capital Management, Inc. 6.64% of their portfolio | 51.2k $8.5m | Added +1.2k |
| Retirement Systems of Alabama 0.04% of their portfolio | 50.6k $8.4m | Reduced -4.8k |
| Keeley-Teton Advisors, LLC 1.06% of their portfolio | 49.6k $8.3m | Reduced -5.8k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 47.5k $8.1m | Added +9.1k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 45.2k $7.5m | Added +5.8k |
| BARCLAYS PLC 0.00% of their portfolio | 44.8k $7.5m | Added +20.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 44.1k $7.3m | Reduced -2.8k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.04% of their portfolio | 43.9k $7.3m | Added +18.0k |
| PINNACLE ASSOCIATES LTD 0.13% of their portfolio | 43.3k $7.2m | Added +1.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 42.9k $7.2m | Reduced -16.2k |