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 ($25.5m 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 ≈ $156.82. Options: 12 managers hold calls ($64.6m notional), 15 hold puts ($66.7m).
Trends to Q4 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 |
| Q4 2023 | 436 |
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 |
| Q4 2023 | 189 | 214 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $18.9m | $35.3m | 1.87 |
| Q2 2023 | $30.0m | $16.7m | 0.56 |
| Q3 2023 | $78.2m | $63.7m | 0.81 |
| Q4 2023 | $64.6m | $66.7m | 1.03 |
Biggest buyers
| MORGAN STANLEY | Added | +1.1m |
| JPMORGAN CHASE & CO | Added | +728.8k |
| Point72 Asset Management, L.P. | Added | +358.9k |
| ALLIANCEBERNSTEIN L.P. | Added | +321.2k |
| JANE STREET GROUP, LLC | Added | +98.8k |
| AQR CAPITAL MANAGEMENT LLC | Added | +93.7k |
| Schonfeld Strategic Advisors LLC | New | +84.3k |
| LORD, ABBETT & CO. LLC | Added | +81.3k |
| LSV ASSET MANAGEMENT | Added | +72.5k |
| NORTHERN TRUST CORP | Added | +72.4k |
Biggest sellers
| Boston Partners | Reduced | -337.3k |
| WASATCH ADVISORS LP | Sold out | -222.8k |
| Epoch Investment Partners, Inc. | Reduced | -114.8k |
| CARDINAL CAPITAL MANAGEMENT LLC /CT | Reduced | -113.9k |
| Hudson Bay Capital Management LP | Sold out | -90.0k |
| Channing Capital Management, LLC | Reduced | -84.6k |
| Pacer Advisors, Inc. | Reduced | -77.1k |
| VANGUARD GROUP INC | Reduced | -64.4k |
| TD Asset Management Inc | Sold out | -63.5k |
| Crossmark Global Holdings, Inc. | Reduced | -60.9k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $17.6m112.5k shares |
| JANE STREET GROUP, LLC | Added | $13.6m86.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $9.1m58.0k shares |
| Twin Tree Management, LP | Added | $6.9m44.1k shares |
| SIMPLEX TRADING, LLC | Added | $5.1m32.7k shares |
| WOLVERINE TRADING, LLC | Added | $3.2m20.3k shares |
| Walleye Capital LLC | Added | $3.1m20.0k shares |
| Walleye Trading LLC | Added | $3.0m19.4k shares |
| PEAK6 Investments LLC | Reduced | $1.0m6.4k shares |
| TWO SIGMA SECURITIES, LLC | Reduced | $971.9k6.2k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $15.5m99.0k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Added | $12.1m77.0k shares |
| Walleye Trading LLC | Added | $7.2m45.9k shares |
| Walleye Capital LLC | Added | $6.9m43.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.0m32.2k shares |
| D. E. Shaw & Co., Inc. | Added | $4.2m27.0k shares |
| BARCLAYS PLC | Added | $4.1m25.9k shares |
| WOLVERINE TRADING, LLC | Added | $3.9m24.9k shares |
| SIMPLEX TRADING, LLC | Added | $3.8m24.2k shares |
| JANE STREET GROUP, LLC | Reduced | $1.8m11.2k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q4 2023 | 0 | — | 4 | $6.1m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-12-26 | Russell Blake EVP, Station Operations | Sold | $820.1k5.2k shares |
| 2023-12-26 | Carter Thomas Senior Advisor | Sold | $192.4k1.2k shares |
| 2023-12-22 | Carter Thomas Senior Advisor | Sold | $288.4k1.8k shares |
| 2023-12-22 | McMillen Charles Thomas Director | Sold | $158.9k1.0k shares |
| 2023-12-21 | Carter Thomas Senior Advisor | Sold | $306.8k2.0k shares |
| 2023-12-20 | ARMSTRONG D GEOFFREY Director | Sold | $569.6k3.6k shares |
| 2023-12-18 | Carter Thomas Senior Advisor | Sold | $491.5k3.1k shares |
| 2023-12-14 | Carter Thomas Senior Advisor | Sold | $966.9k6.0k shares |
| 2023-12-04 | Carter Thomas Senior Advisor | Sold | $1.3m8.5k shares |
| 2023-12-04 | ARMSTRONG D GEOFFREY Director | Sold | $17.9k120 shares |
| 2023-11-21 | McMillen Charles Thomas Director | Sold | $74.8k500 shares |
| 2023-11-14 | Carter Thomas Senior Advisor | Sold | $896.2k6.0k 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, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 3.2m $508.3m | Reduced -64.4k |
| BlackRock Inc. 0.01% of their portfolio | 3.0m $467.7m | Reduced -35.7k |
| MORGAN STANLEY 0.01% of their portfolio | 2.1m $323.7m | Added +1.1m |
| NEUBERGER BERMAN GROUP LLC 0.21% of their portfolio | 1.6m $243.8m | Reduced -1.3k |
| LSV ASSET MANAGEMENT 0.47% of their portfolio | 1.4m $217.0m | Added +72.5k |
| FMR LLC 0.02% of their portfolio | 1.4m $216.6m | Reduced -23.3k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.3m $209.5m | Added +728.8k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 1.3m $206.0m | Reduced -8.2k |
| STATE STREET CORP 0.01% of their portfolio | 992.1k $155.5m | Added +27.5k |
| ALLIANCEBERNSTEIN L.P. 0.06% of their portfolio | 957.4k $150.1m | Added +321.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 638.3k $100.7m | Added +5.5k |
| CARDINAL CAPITAL MANAGEMENT LLC /CT 4.44% of their portfolio | 616.0k $96.6m | Reduced -113.9k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.47% of their portfolio | 586.8k $92.0m | Reduced -481 |
| Pacer Advisors, Inc. 0.25% of their portfolio | 565.3k $88.6m | Reduced -77.1k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 538.0k $84.3m | Reduced -15.7k |
| Copeland Capital Management, LLC 1.63% of their portfolio | 519.6k $81.4m | Added +16.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 478.0k $74.9m | Added +72.4k |
| Point72 Asset Management, L.P. 0.21% of their portfolio | 450.4k $70.6m | Added +358.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 435.1k $68.2m | Added +4.8k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 431.8k $67.7m | Added +26.5k |
| Channing Capital Management, LLC 1.95% of their portfolio | 421.6k $66.1m | Reduced -84.6k |
| Boston Partners 0.08% of their portfolio | 363.2k $57.9m | Reduced -337.3k |
| BROWN ADVISORY INC 0.08% of their portfolio | 358.5k $56.2m | Reduced -727 |
| NORGES BANK 0.01% of their portfolio | 330.5k $51.8m | Added +23.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 325.0k $50.9m | Added +2.9k |
| ABRAMS BISON INVESTMENTS, LLC 4.59% of their portfolio | 292.0k $45.8m | Reduced -4.0k |
| CAPTRUST FINANCIAL ADVISORS 0.15% of their portfolio | 285.1k $44.7m | Added +5.9k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 278.7k $43.7m | Added +7.5k |
| AQR CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 235.8k $37.0m | Added +93.7k |
| BOSTON FINANCIAL MANGEMENT LLC 1.23% of their portfolio | 231.5k $36.3m | Reduced -7.1k |
| AMERICAN FINANCIAL GROUP INC 13.11% of their portfolio | 227.5k $35.7m | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 214.8k $33.7m | Reduced -34.8k |
| BRUNI J V & CO /CO 3.80% of their portfolio | 195.4k $30.6m | Added +702 |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.42% of their portfolio | 192.8k $30.2m | Unchanged |
| HighTower Advisors, LLC 0.05% of their portfolio | 190.5k $29.8m | Reduced -473 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 190.0k $29.8m | Reduced -29.2k |
| Engine Capital Management, LP 4.80% of their portfolio | 185.7k $29.1m | Added +12.4k |
| PRIVATE MANAGEMENT GROUP INC 1.09% of their portfolio | 181.2k $28.4m | Added +176 |
| LORD, ABBETT & CO. LLC 0.05% of their portfolio | 172.6k $27.1m | Added +81.3k |
| QVT Financial LP 1.57% of their portfolio | 165.7k $26.0m | Unchanged |
| CAPITAL MANAGEMENT CORP /VA 4.52% of their portfolio | 146.8k $23.0m | Reduced -23.1k |
| Fiera Capital Corp 0.07% of their portfolio | 146.5k $23.0m | Reduced -3.2k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 141.3k $22.1m | Added +4.9k |
| PNC Financial Services Group, Inc. 0.02% of their portfolio | 138.6k $21.7m | Reduced -7.5k |
| MACQUARIE GROUP LTD 0.02% of their portfolio | 136.5k $21.4m | Reduced -5.7k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 131.0k $20.5m | Reduced -13.2k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 128.9k $20.2m | Added +98.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 123.6k $19.4m | Reduced -11.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 118.9k $18.6m | Reduced -4.7k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 118.7k $18.6m | Reduced -2.8k |
| Bahl & Gaynor LLC 0.10% of their portfolio | 104.0k $16.3m | Reduced -14.8k |
| SEI INVESTMENTS CO 0.03% of their portfolio | 102.9k $16.1m | Added +5.1k |
| Invesco Ltd. 0.00% of their portfolio | 102.2k $16.0m | Reduced -34.6k |
| Penn Capital Management Company, LLC 1.39% of their portfolio | 96.4k $15.2m | Reduced -18.3k |
| Epoch Investment Partners, Inc. 0.07% of their portfolio | 94.1k $14.8m | Reduced -114.8k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 91.9k $14.4m | Added +328 |
| T. Rowe Price Investment Management, Inc. 0.01% of their portfolio | 87.6k $13.7m | Reduced -6.4k |
| GAMCO INVESTORS, INC. ET AL 0.14% of their portfolio | 84.4k $13.2m | Reduced -8.5k |
| Schonfeld Strategic Advisors LLC 0.11% of their portfolio | 84.3k $13.2m | New |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.04% of their portfolio | 83.7k $13.1m | Reduced -2.3k |
| BARCLAYS PLC 0.01% of their portfolio | 80.4k $12.6m | Added +53.4k |
| GLENMEDE TRUST CO NA 0.06% of their portfolio | 79.3k $12.4m | Reduced -6.1k |
| Mesirow Institutional Investment Management, Inc. 1.13% of their portfolio | 77.0k $12.1m | Added +13.5k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 74.9k $11.7m | Added +8.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 73.1k $11.5m | Added +579 |
| California Public Employees Retirement System 0.01% of their portfolio | 72.5k $11.4m | Reduced -2.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 71.7k $11.2m | Added +16.5k |
| Swiss National Bank 0.01% of their portfolio | 69.2k $10.8m | Reduced -9.7k |
| COMMERCE BANK 0.08% of their portfolio | 68.6k $10.8m | Added +1.9k |
| BESSEMER GROUP INC 0.02% of their portfolio | 65.9k $10.3m | Reduced -2.0k |
| Long Focus Capital Management, LLC 1.32% of their portfolio | 65.0k $10.2m | Added +25.0k |
| Alden Global Capital LLC 12.95% of their portfolio | 64.6k $10.1m | Added +14.0k |
| Prospect Capital Advisors, LLC 3.66% of their portfolio | 64.2k $10.1m | Added +5.2k |
| ASSETMARK, INC 0.04% of their portfolio | 62.7k $9.8m | Added +787 |
| HRT FINANCIAL LP 0.07% of their portfolio | 60.8k $9.5m | Added +54.9k |
| Bridgewater Associates, LP 0.05% of their portfolio | 58.6k $9.2m | Reduced -1.8k |
| Brandywine Global Investment Management, LLC 0.07% of their portfolio | 58.2k $9.1m | Added +614 |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 58.1k $9.1m | Reduced -8.4k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.09% of their portfolio | 54.8k $8.6m | Reduced -475 |
| Phocas Financial Corp. 1.12% of their portfolio | 54.0k $8.5m | Added +1.1k |
| Fairbanks Capital Management, Inc. 6.00% of their portfolio | 53.6k $8.4m | Added +4.8k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 53.2k $8.3m | Added +10.2k |
| Legal & General Group Plc 0.00% of their portfolio | 52.2k $8.2m | Reduced -1.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 52.1k $8.2m | Added +895 |
| GABELLI FUNDS LLC 0.06% of their portfolio | 51.0k $8.0m | Reduced -13.6k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 46.8k $7.3m | Reduced -5.9k |
| PAYDEN & RYGEL 0.52% of their portfolio | 45.6k $7.1m | Added +40.9k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.03% of their portfolio | 43.7k $6.8m | Reduced -3.4k |
| Keeley-Teton Advisors, LLC 0.88% of their portfolio | 43.4k $6.8m | Reduced -3.0k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 42.9k $6.7m | Reduced -48.2k |
| PINNACLE ASSOCIATES LTD 0.11% of their portfolio | 40.7k $6.4m | Reduced -575 |
| Retirement Systems of Alabama 0.03% of their portfolio | 40.4k $6.3m | Reduced -1.2k |
| NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio | 40.1k $6.3m | Reduced -1.4k |
| FOSTER & MOTLEY INC 0.44% of their portfolio | 38.0k $6.0m | Reduced -572 |
| SIT INVESTMENT ASSOCIATES INC 0.15% of their portfolio | 38.0k $6.0m | Added +420 |
| JAT Capital Mgmt LP 1.12% of their portfolio | 37.8k $5.9m | Reduced -37.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 37.1k $5.8m | Reduced -2.5k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 36.0k $5.6m | Reduced -19.1k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 35.8k $5.6m | Added +10.3k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 34.6k $5.4m | Added +4.8k |