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 ($21.6m this quarter). Holder counts are more reliable. Shares outstanding: 33.9m as of 2023-11-07, 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 ≈ $143.47. Options: 20 managers hold calls ($78.2m notional), 16 hold puts ($63.7m).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 436 |
| Q4 2022 | 456 |
| Q1 2023 | 435 |
| Q2 2023 | 446 |
| Q3 2023 | 420 |
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 |
| Q3 2023 | 179 | 263 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $15.5m | $72.7m | 4.70 |
| Q1 2023 | $18.9m | $35.3m | 1.87 |
| Q2 2023 | $30.0m | $16.7m | 0.56 |
| Q3 2023 | $78.2m | $63.7m | 0.81 |
Biggest buyers
| ALLIANCEBERNSTEIN L.P. | Added | +561.1k |
| Channing Capital Management, LLC | Added | +445.9k |
| JPMORGAN CHASE & CO | Added | +186.5k |
| Engine Capital Management, LP | New | +173.3k |
| Pacer Advisors, Inc. | Added | +157.1k |
| BOSTON FINANCIAL MANGEMENT LLC | Added | +145.6k |
| NEW YORK STATE COMMON RETIREMENT FUND | Added | +103.6k |
| WASATCH ADVISORS LP | Added | +98.6k |
| Point72 Asset Management, L.P. | Added | +90.9k |
| Hudson Bay Capital Management LP | New | +90.0k |
Biggest sellers
| Boston Partners | Reduced | -903.3k |
| FMR LLC | Reduced | -287.6k |
| BlackRock Inc. | Reduced | -211.6k |
| ASSETMARK, INC | Reduced | -185.5k |
| Clark Capital Management Group, Inc. | Reduced | -183.9k |
| WEDGE CAPITAL MANAGEMENT L L P/NC | Reduced | -173.9k |
| GLENMEDE TRUST CO NA | Reduced | -170.8k |
| CITADEL ADVISORS LLC | Reduced | -119.3k |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -109.8k |
| LORD, ABBETT & CO. LLC | Reduced | -100.4k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $16.3m113.6k shares |
| Caption Management, LLC | New | $14.5m100.8k shares |
| BARCLAYS PLC | New | $13.0m90.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.9m41.5k shares |
| PEAK6 Investments LLC | Added | $5.7m39.7k shares |
| JANE STREET GROUP, LLC | Reduced | $5.2m36.6k shares |
| Weiss Multi-Strategy Advisers LLC | New | $3.6m25.0k shares |
| WOLVERINE TRADING, LLC | Reduced | $2.3m15.8k shares |
| SIMPLEX TRADING, LLC | Added | $2.0m14.1k shares |
| Parallax Volatility Advisers, L.P. | New | $1.7m12.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $12.7m88.3k shares |
| PEAK6 Investments LLC | Added | $10.2m70.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $9.1m63.5k shares |
| JANE STREET GROUP, LLC | Added | $4.9m34.1k shares |
| WOLVERINE ASSET MANAGEMENT LLC | New | $4.6m32.1k shares |
| Walleye Trading LLC | Added | $4.0m28.0k shares |
| Caption Management, LLC | New | $3.9m27.3k shares |
| SIMPLEX TRADING, LLC | Added | $3.0m20.9k shares |
| WOLVERINE TRADING, LLC | Added | $2.5m17.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $2.2m15.0k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2023 | 0 | — | 2 | $973.1k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-08-31 | Carter Thomas Senior Advisor | Sold | $827.5k5.0k shares |
| 2023-08-15 | Gliha Lee Ann EVP, Chief Financial Officer | Sold | $145.6k910 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, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 3.3m $474.1m | Reduced -47.6k |
| BlackRock Inc. 0.01% of their portfolio | 3.0m $432.9m | Reduced -211.6k |
| NEUBERGER BERMAN GROUP LLC 0.20% of their portfolio | 1.6m $223.1m | Reduced -36.5k |
| FMR LLC 0.02% of their portfolio | 1.4m $201.5m | Reduced -287.6k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 1.3m $189.6m | Added +27.3k |
| LSV ASSET MANAGEMENT 0.44% of their portfolio | 1.3m $188.1m | Reduced -10.8k |
| MORGAN STANLEY 0.01% of their portfolio | 1.0m $145.5m | Added +29.0k |
| STATE STREET CORP 0.01% of their portfolio | 964.7k $138.3m | Reduced -25.7k |
| CARDINAL CAPITAL MANAGEMENT LLC /CT 4.49% of their portfolio | 729.9k $104.6m | Reduced -44.7k |
| Boston Partners 0.14% of their portfolio | 700.5k $100.3m | Reduced -903.3k |
| Pacer Advisors, Inc. 0.35% of their portfolio | 642.4k $92.1m | Added +157.1k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 636.2k $91.2m | Added +561.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 632.8k $91.4m | Reduced -27.9k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 607.6k $87.1m | Added +186.5k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.48% of their portfolio | 587.3k $84.2m | Reduced -2.4k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 553.8k $79.4m | Reduced -75.7k |
| Channing Capital Management, LLC 2.39% of their portfolio | 506.2k $72.6m | Added +445.9k |
| Copeland Capital Management, LLC 1.55% of their portfolio | 502.6k $72.1m | Added +66.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 430.2k $61.7m | Added +6.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 405.6k $58.2m | Reduced -6.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 405.3k $58.1m | Reduced -26.9k |
| BROWN ADVISORY INC 0.08% of their portfolio | 359.2k $51.5m | Reduced -6.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 322.1k $46.2m | Reduced -7.5k |
| NORGES BANK 0.01% of their portfolio | 307.3k $44.1m | Added +4.9k |
| ABRAMS BISON INVESTMENTS, LLC 4.66% of their portfolio | 296.0k $42.4m | Unchanged |
| CAPTRUST FINANCIAL ADVISORS 0.15% of their portfolio | 279.3k $40.0m | Added +38.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 271.2k $38.9m | Reduced -8.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 249.7k $35.8m | Added +103.6k |
| BOSTON FINANCIAL MANGEMENT LLC 1.28% of their portfolio | 238.7k $34.2m | Added +145.6k |
| AMERICAN FINANCIAL GROUP INC 11.21% of their portfolio | 227.5k $32.6m | Unchanged |
| WASATCH ADVISORS LP 0.20% of their portfolio | 222.8k $31.9m | Added +98.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 219.2k $31.4m | Added +15.7k |
| Epoch Investment Partners, Inc. 0.19% of their portfolio | 208.9k $30.0m | Added +19.1k |
| BRUNI J V & CO /CO 3.93% of their portfolio | 194.7k $27.9m | Added +1.3k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.51% of their portfolio | 192.8k $27.6m | Reduced -13.2k |
| HighTower Advisors, LLC 0.05% of their portfolio | 191.0k $27.3m | Added +5.4k |
| PRIVATE MANAGEMENT GROUP INC 1.06% of their portfolio | 181.1k $26.0m | Added +24.5k |
| Engine Capital Management, LP 5.53% of their portfolio | 173.3k $24.8m | New |
| CAPITAL MANAGEMENT CORP /VA 5.50% of their portfolio | 169.9k $24.4m | Added +29.8k |
| QVT Financial LP 1.42% of their portfolio | 165.7k $23.8m | Unchanged |
| Fiera Capital Corp 0.07% of their portfolio | 149.7k $21.5m | Reduced -9.6k |
| PNC Financial Services Group, Inc. 0.02% of their portfolio | 146.1k $20.9m | Added +1.9k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 144.2k $20.7m | Reduced -509 |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 142.2k $20.4m | Reduced -62.2k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 142.1k $20.2m | Added +72.1k |
| Invesco Ltd. 0.01% of their portfolio | 136.9k $19.6m | Reduced -75.9k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 136.4k $19.6m | Added +6.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 135.1k $19.4m | Added +24.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 123.6k $17.7m | Reduced -109.8k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 121.5k $17.4m | Added +13.3k |
| Bahl & Gaynor LLC 0.11% of their portfolio | 118.7k $17.0m | Added +8.5k |
| Penn Capital Management Company, LLC 1.69% of their portfolio | 114.7k $16.5m | Added +12.8k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 97.8k $14.0m | Reduced -891 |
| T. Rowe Price Investment Management, Inc. 0.01% of their portfolio | 94.0k $13.5m | Unchanged |
| GAMCO INVESTORS, INC. ET AL 0.15% of their portfolio | 93.0k $13.3m | Reduced -14.0k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 91.6k $13.1m | Reduced -31.5k |
| Point72 Asset Management, L.P. 0.04% of their portfolio | 91.4k $13.1m | Added +90.9k |
| LORD, ABBETT & CO. LLC 0.02% of their portfolio | 91.3k $13.1m | Reduced -100.4k |
| Qube Research & Technologies Ltd 0.04% of their portfolio | 91.1k $13.1m | Reduced -41.9k |
| Hudson Bay Capital Management LP 0.06% of their portfolio | 90.0k $12.9m | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.04% of their portfolio | 86.0k $12.3m | Reduced -1.7k |
| GLENMEDE TRUST CO NA 0.07% of their portfolio | 85.3k $12.2m | Reduced -170.8k |
| Swiss National Bank 0.01% of their portfolio | 78.9k $11.3m | Reduced -1.2k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 75.8k $10.9m | Reduced -65.1k |
| JAT Capital Mgmt LP 2.48% of their portfolio | 75.3k $10.8m | New |
| California Public Employees Retirement System 0.01% of their portfolio | 75.0k $10.8m | Reduced -675 |
| Weiss Multi-Strategy Advisers LLC 0.26% of their portfolio | 75.0k $10.8m | New |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 74.1k $10.6m | Reduced -29.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 72.6k $10.4m | Added +4.1k |
| BESSEMER GROUP INC 0.02% of their portfolio | 67.9k $9.7m | Added +3.4k |
| COMMERCE BANK 0.08% of their portfolio | 66.7k $9.6m | Reduced -36.8k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 66.4k $9.5m | Reduced -18.9k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 66.0k $9.5m | Reduced -4.8k |
| GABELLI FUNDS LLC 0.08% of their portfolio | 64.5k $9.3m | Reduced -2.5k |
| Crossmark Global Holdings, Inc. 0.21% of their portfolio | 64.2k $9.2m | Reduced -52 |
| Mesirow Institutional Investment Management, Inc. 0.92% of their portfolio | 63.5k $9.1m | Added +2.3k |
| TD Asset Management Inc 0.01% of their portfolio | 63.5k $9.1m | Reduced -1.7k |
| ASSETMARK, INC 0.04% of their portfolio | 61.9k $8.9m | Reduced -185.5k |
| Ziegler Capital Management, LLC 0.35% of their portfolio | 60.9k $8.7m | Reduced -769 |
| Bridgewater Associates, LP 0.05% of their portfolio | 60.4k $8.7m | Added +44.5k |
| Prospect Capital Advisors, LLC 3.61% of their portfolio | 59.1k $8.5m | Added +18.0k |
| Brandywine Global Investment Management, LLC 0.07% of their portfolio | 57.6k $8.3m | Reduced -23.0k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.09% of their portfolio | 55.3k $7.9m | Reduced -50.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 55.2k $7.9m | Added +34.1k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 55.1k $7.9m | Reduced -233 |
| Legal & General Group Plc 0.00% of their portfolio | 53.2k $7.6m | Reduced -3.2k |
| Phocas Financial Corp. 1.10% of their portfolio | 52.9k $7.6m | Reduced -43 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 52.6k $7.5m | Reduced -15.3k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 51.7k $7.4m | Added +43.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 51.2k $7.3m | Reduced -2.5k |
| Alden Global Capital LLC 4.94% of their portfolio | 50.6k $7.3m | New |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 49.6k $7.1m | Reduced -119.3k |
| Fairbanks Capital Management, Inc. 5.90% of their portfolio | 48.8k $7.0m | Reduced -2.4k |
| Scion Asset Management, LLC 15.89% of their portfolio | 48.7k $7.0m | Added +33.7k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.04% of their portfolio | 47.1k $6.7m | Reduced -7.1k |
| Keeley-Teton Advisors, LLC 0.93% of their portfolio | 46.4k $6.7m | Reduced -3.2k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.03% of their portfolio | 44.5k $6.4m | Added +598 |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 43.0k $6.2m | Reduced -2.2k |
| Retirement Systems of Alabama 0.03% of their portfolio | 41.6k $6.0m | Reduced -8.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 41.5k $5.9m | Reduced -1.4k |