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 ($25.4m this quarter). Holder counts are more reliable. Shares outstanding: 33.4m as of 2024-02-27, 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 ≈ $172.93. Options: 13 managers hold calls ($42.9m notional), 14 hold puts ($50.6m).
Trends to Q1 2024
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 |
| Q1 2024 | 437 |
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 |
| Q1 2024 | 182 | 222 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $30.0m | $16.7m | 0.56 |
| Q3 2023 | $78.2m | $63.7m | 0.81 |
| Q4 2023 | $64.6m | $66.7m | 1.03 |
| Q1 2024 | $42.9m | $50.6m | 1.18 |
Biggest buyers
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Added | +746.0k |
| Capital Research Global Investors | New | +535.9k |
| CITADEL ADVISORS LLC | Added | +534.2k |
| Pacer Advisors, Inc. | Added | +179.6k |
| VANGUARD GROUP INC | Added | +127.8k |
| FMR LLC | Added | +105.1k |
| Invesco Ltd. | Added | +103.5k |
| Global Assets Advisory, LLC | New | +83.7k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +82.1k |
| ALLIANCEBERNSTEIN L.P. | Added | +49.3k |
Biggest sellers
| MORGAN STANLEY | Reduced | -423.5k |
| ABRAMS BISON INVESTMENTS, LLC | Sold out | -292.0k |
| Point72 Asset Management, L.P. | Reduced | -220.2k |
| JPMORGAN CHASE & CO | Reduced | -199.6k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -119.7k |
| JANE STREET GROUP, LLC | Reduced | -114.5k |
| T. Rowe Price Investment Management, Inc. | Sold out | -87.6k |
| CARDINAL CAPITAL MANAGEMENT LLC /CT | Reduced | -83.0k |
| Schonfeld Strategic Advisors LLC | Reduced | -76.7k |
| CAPTRUST FINANCIAL ADVISORS | Reduced | -75.3k |
Biggest calls
| Twin Tree Management, LP | Added | $13.7m79.8k shares |
| CITADEL ADVISORS LLC | Reduced | $9.3m53.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $6.8m39.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $4.5m26.0k shares |
| TWO SIGMA SECURITIES, LLC | Added | $1.8m10.2k shares |
| JANE STREET GROUP, LLC | Reduced | $1.7m10.0k shares |
| Walleye Trading LLC | Reduced | $1.6m9.2k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.5m8.6k shares |
| PEAK6 Investments LLC | Reduced | $706.4k4.1k shares |
| GROUP ONE TRADING LLC | Reduced | $671.9k3.9k shares |
Biggest puts
| WOLVERINE ASSET MANAGEMENT LLC | Unchanged | $13.3m77.0k shares |
| CITADEL ADVISORS LLC | Reduced | $7.4m42.7k shares |
| Walleye Trading LLC | Reduced | $6.2m36.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.4m31.5k shares |
| Walleye Capital LLC | Reduced | $4.8m27.6k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $4.7m27.0k shares |
| BARCLAYS PLC | Unchanged | $4.5m25.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $1.0m5.9k shares |
| JANE STREET GROUP, LLC | Reduced | $964.8k5.6k shares |
| TWO SIGMA SECURITIES, LLC | Added | $792.5k4.6k 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 2024
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 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 | — |
| Q1 2024 | 0 | — | 7 | $8.8m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-03-27 | FITZSIMONS DENNIS J Director | Sold | $341.6k2.0k shares |
| 2024-03-21 | McNabb Lisbeth Director | Sold | $533.4k3.2k shares |
| 2024-03-21 | Strober Michael EVP, Chief Revenue Officer | Sold | $167.5k1.0k shares |
| 2024-03-20 | McNabb Lisbeth Director | Sold | $412.5k2.5k shares |
| 2024-03-19 | McNabb Lisbeth Director | Sold | $294.5k1.8k shares |
| 2024-03-13 | McMillen Charles Thomas Director | Sold | $244.8k1.5k shares |
| 2024-03-07 | ZIMMER DANA President, Distribution | Sold | $852.3k5.2k shares |
| 2024-03-07 | COMPTON SEAN President, Networks | Sold | $487.8k3.0k shares |
| 2024-03-06 | McNabb Lisbeth Director | Sold | $379.5k2.3k shares |
| 2024-03-05 | SOOK PERRY A Chief Executive Officer, director | Sold | $5.0m31.8k 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 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 3.4m $580.7m | Added +127.8k |
| BlackRock Inc. 0.01% of their portfolio | 3.0m $511.2m | Reduced -16.7k |
| MORGAN STANLEY 0.01% of their portfolio | 1.6m $282.8m | Reduced -423.5k |
| NEUBERGER BERMAN GROUP LLC 0.22% of their portfolio | 1.5m $264.0m | Reduced -22.6k |
| FMR LLC 0.02% of their portfolio | 1.5m $256.2m | Added +105.1k |
| LSV ASSET MANAGEMENT 0.49% of their portfolio | 1.4m $236.1m | Reduced -14.4k |
| DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio | 1.3m $217.8m | Reduced -50.0k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.1m $195.9m | Reduced -199.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 1.1m $184.5m | Added +746.0k |
| ALLIANCEBERNSTEIN L.P. 0.06% of their portfolio | 1.0m $173.5m | Added +49.3k |
| STATE STREET CORP 0.01% of their portfolio | 988.7k $170.3m | Reduced -3.5k |
| Pacer Advisors, Inc. 0.30% of their portfolio | 744.9k $128.3m | Added +179.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 720.4k $124.4m | Added +82.1k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.46% of their portfolio | 611.2k $105.3m | Added +24.3k |
| CITADEL ADVISORS LLC 0.09% of their portfolio | 564.8k $97.3m | Added +534.2k |
| Capital Research Global Investors 0.02% of their portfolio | 535.9k $92.3m | New |
| CARDINAL CAPITAL MANAGEMENT LLC /CT 4.61% of their portfolio | 533.1k $91.8m | Reduced -83.0k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 504.6k $86.9m | Reduced -33.4k |
| Copeland Capital Management, LLC 1.44% of their portfolio | 460.7k $79.4m | Reduced -58.8k |
| Channing Capital Management, LLC 2.01% of their portfolio | 435.8k $75.1m | Added +14.2k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 421.6k $72.6m | Reduced -56.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 416.7k $71.8m | Reduced -15.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 414.4k $71.4m | Reduced -20.7k |
| BROWN ADVISORY INC 0.08% of their portfolio | 368.0k $63.4m | Added +9.6k |
| Boston Partners 0.07% of their portfolio | 335.9k $57.2m | Reduced -27.3k |
| NORGES BANK 0.01% of their portfolio | 271.9k $46.9m | Reduced -58.6k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 260.9k $44.9m | Reduced -17.9k |
| BOSTON FINANCIAL MANGEMENT LLC 1.29% of their portfolio | 236.1k $40.7m | Added +4.6k |
| Point72 Asset Management, L.P. 0.12% of their portfolio | 230.2k $39.7m | Reduced -220.2k |
| AMERICAN FINANCIAL GROUP INC 14.73% of their portfolio | 227.5k $39.2m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 215.7k $37.2m | Added +25.7k |
| CAPTRUST FINANCIAL ADVISORS 0.13% of their portfolio | 209.9k $36.2m | Reduced -75.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 208.1k $35.8m | Reduced -6.8k |
| Invesco Ltd. 0.01% of their portfolio | 205.7k $35.4m | Added +103.5k |
| BRUNI J V & CO /CO 3.98% of their portfolio | 194.6k $33.5m | Reduced -846 |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.41% of their portfolio | 192.9k $33.2m | Added +29 |
| HighTower Advisors, LLC 0.05% of their portfolio | 189.8k $32.7m | Reduced -676 |
| Engine Capital Management, LP 6.46% of their portfolio | 185.7k $32.0m | Unchanged |
| LORD, ABBETT & CO. LLC 0.05% of their portfolio | 172.6k $29.7m | Unchanged |
| QVT Financial LP 2.67% of their portfolio | 165.7k $28.7m | Unchanged |
| PRIVATE MANAGEMENT GROUP INC 1.07% of their portfolio | 164.1k $28.3m | Reduced -17.2k |
| CAPITAL MANAGEMENT CORP /VA 5.13% of their portfolio | 156.5k $27.0m | Added +9.6k |
| Fiera Capital Corp 0.08% of their portfolio | 154.4k $26.6m | Added +7.8k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 146.3k $25.2m | Added +5.0k |
| PNC Financial Services Group, Inc. 0.02% of their portfolio | 142.7k $24.6m | Added +4.1k |
| MACQUARIE GROUP LTD 0.03% of their portfolio | 133.3k $23.0m | Reduced -3.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 121.6k $21.0m | Added +2.7k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 116.2k $20.0m | Reduced -119.7k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 116.1k $20.0m | Reduced -14.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 107.9k $18.6m | Reduced -15.7k |
| Bahl & Gaynor LLC 0.09% of their portfolio | 98.6k $17.0m | Reduced -5.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.05% of their portfolio | 98.3k $16.9m | Added +14.6k |
| Penn Capital Management Company, LLC 1.47% of their portfolio | 95.8k $16.6m | Reduced -556 |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 94.1k $16.2m | Reduced -24.6k |
| PAYDEN & RYGEL INVESTMENT GROUP 1.03% of their portfolio | 87.9k $15.1m | First filing |
| PAYDEN & RYGEL 1.03% of their portfolio | 87.9k $15.1m | Added +42.3k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 86.4k $14.9m | Reduced -5.6k |
| GLENMEDE TRUST CO NA 0.07% of their portfolio | 85.0k $14.6m | Added +5.7k |
| Global Assets Advisory, LLC 0.02% of their portfolio | 83.7k $492 | New |
| BESSEMER GROUP INC 0.03% of their portfolio | 81.9k $14.1m | Added +16.0k |
| GAMCO INVESTORS, INC. ET AL 0.14% of their portfolio | 80.2k $13.8m | Reduced -4.2k |
| Mesirow Institutional Investment Management, Inc. 1.18% of their portfolio | 77.0k $13.3m | Reduced -44 |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 74.1k $12.8m | Reduced -719 |
| BARCLAYS PLC 0.01% of their portfolio | 72.4k $12.5m | Reduced -8.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 69.5k $12.0m | Reduced -3.6k |
| Swiss National Bank 0.01% of their portfolio | 67.0k $11.5m | Reduced -2.2k |
| California Public Employees Retirement System 0.01% of their portfolio | 66.8k $11.5m | Reduced -5.7k |
| COMMERCE BANK 0.08% of their portfolio | 66.8k $11.5m | Reduced -1.8k |
| Long Focus Capital Management, LLC 1.29% of their portfolio | 65.0k $11.2m | Unchanged |
| ASSETMARK, INC 0.04% of their portfolio | 63.4k $10.9m | Added +682 |
| Epoch Investment Partners, Inc. 0.05% of their portfolio | 62.8k $10.8m | Reduced -31.4k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 62.0k $10.7m | Reduced -40.9k |
| Bridgewater Associates, LP 0.05% of their portfolio | 59.2k $10.2m | Added +683 |
| UBS Group AG 0.00% of their portfolio | 57.6k $9.9m | Added +38.7k |
| Brandywine Global Investment Management, LLC 0.07% of their portfolio | 57.5k $9.9m | Reduced -700 |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 53.3k $9.2m | Reduced -4.8k |
| Legal & General Group Plc 0.00% of their portfolio | 52.3k $9.0m | Added +141 |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 52.2k $9.0m | Reduced -1.0k |
| Fairbanks Capital Management, Inc. 6.07% of their portfolio | 51.1k $8.8m | Reduced -2.6k |
| GABELLI FUNDS LLC 0.06% of their portfolio | 50.0k $8.6m | Reduced -1.0k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 48.0k $8.3m | Added +1.2k |
| Kingsview Wealth Management, LLC 0.20% of their portfolio | 46.8k $8.1m | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 45.4k $7.8m | Reduced -6.6k |
| Empowered Funds, LLC 0.07% of their portfolio | 43.2k $7.5m | Added +24.1k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.03% of their portfolio | 42.8k $7.4m | Reduced -887 |
| Phocas Financial Corp. 5.00% of their portfolio | 42.5k $44.3m | Reduced -11.5k |
| Keeley-Teton Advisors, LLC 0.90% of their portfolio | 42.4k $7.3m | Reduced -1.1k |
| Retirement Systems of Alabama 0.03% of their portfolio | 40.5k $7.0m | Added +107 |
| PINNACLE ASSOCIATES LTD 0.11% of their portfolio | 40.0k $6.9m | Reduced -706 |
| Crawford Fund Management, LLC 5.19% of their portfolio | 38.6k $6.6m | Added +4.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 38.3k $6.6m | Added +27.5k |
| FOSTER & MOTLEY INC 0.45% of their portfolio | 38.2k $6.6m | Added +136 |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 36.9k $6.4m | Added +938 |
| SIT INVESTMENT ASSOCIATES INC 0.14% of their portfolio | 36.2k $6.2m | Reduced -1.8k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 35.7k $6.1m | Added +1.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 34.1k $5.9m | Reduced -3.0k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.03% of their portfolio | 33.4k $5.8m | Reduced -698 |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 32.7k $5.6m | Reduced -10.2k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 32.2k $5.6m | Added +1.4k |
| DAVENPORT & Co LLC 0.03% of their portfolio | 32.2k $5.5m | Added +34 |