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 ($18.1m this quarter). Holder counts are more reliable. Shares outstanding: 31.0m as of 2024-11-07, 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 ≈ $166.55. Options: 12 managers hold calls ($38.9m notional), 11 hold puts ($33.0m).
Trends to Q3 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 |
| Q2 2024 | 439 |
| Q3 2024 | 456 |
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 |
| Q2 2024 | 200 | 220 |
| Q3 2024 | 195 | 236 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $64.6m | $66.7m | 1.03 |
| Q1 2024 | $42.9m | $50.6m | 1.18 |
| Q2 2024 | $26.6m | $34.1m | 1.28 |
| Q3 2024 | $38.9m | $33.0m | 0.85 |
Biggest buyers
| AQR CAPITAL MANAGEMENT LLC | Added | +167.1k |
| Man Group plc | Added | +132.2k |
| MILLENNIUM MANAGEMENT LLC | Added | +122.0k |
| Copeland Capital Management, LLC | Added | +83.8k |
| Channing Capital Management, LLC | Added | +66.7k |
| Qube Research & Technologies Ltd | Added | +57.1k |
| TWINBEECH CAPITAL LP | Added | +55.0k |
| NORGES BANK | Added | +45.5k |
| WINTON GROUP Ltd | New | +32.8k |
| Allianz Asset Management GmbH | Added | +32.0k |
Biggest sellers
| CITADEL ADVISORS LLC | Reduced | -634.9k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -157.2k |
| FMR LLC | Reduced | -119.1k |
| PRIVATE MANAGEMENT GROUP INC | Reduced | -111.6k |
| BESSEMER GROUP INC | Reduced | -110.7k |
| HRT FINANCIAL LP | Reduced | -99.8k |
| CARDINAL CAPITAL MANAGEMENT LLC /CT | Sold out | -98.8k |
| LORD, ABBETT & CO. LLC | Reduced | -93.4k |
| Invesco Ltd. | Reduced | -85.6k |
| Point72 Asset Management, L.P. | Sold out | -53.0k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $9.5m57.6k shares |
| Twin Tree Management, LP | New | $9.1m55.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $7.2m43.6k shares |
| PEAK6 Investments LLC | Added | $4.6m27.9k shares |
| WOLVERINE TRADING, LLC | Added | $3.1m18.5k shares |
| JANE STREET GROUP, LLC | Reduced | $2.3m14.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $859.0k5.2k shares |
| TWO SIGMA SECURITIES, LLC | New | $810.2k4.9k shares |
| GROUP ONE TRADING LLC | Added | $694.5k4.2k shares |
| Walleye Capital LLC | New | $363.8k2.2k shares |
Biggest puts
| WOLVERINE ASSET MANAGEMENT LLC | Unchanged | $12.7m77.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $7.0m42.6k shares |
| CITADEL ADVISORS LLC | Added | $5.0m30.2k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $4.5m27.0k shares |
| Walleye Capital LLC | Added | $1.7m10.4k shares |
| WOLVERINE TRADING, LLC | Reduced | $815.3k4.9k shares |
| Walleye Trading LLC | Reduced | $396.8k2.4k shares |
| PEAK6 Investments LLC | Reduced | $297.6k1.8k shares |
| JANE STREET GROUP, LLC | New | $281.1k1.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $264.0k1.6k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2024 | 0 | — | 10 | $3.0m | — |
| Q3 2024 | 0 | — | 11 | $7.8m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-09-26 | WEITMAN GARY Officer | Sold | $1.2m7.3k shares |
| 2024-09-26 | McMillen Charles Thomas Director | Sold | $41.1k250 shares |
| 2024-09-24 | ALFORD ANDREW President, Broadcasting | Sold | $532.9k3.2k shares |
| 2024-09-19 | Russell Blake EVP, Operations | Sold | $472.7k2.8k shares |
| 2024-09-18 | Grossman Jay M. Director | Sold | $1.7m10.0k shares |
| 2024-09-17 | Russell Blake EVP, Operations | Sold | $336.1k2.0k shares |
| 2024-09-16 | ARMSTRONG D GEOFFREY Director | Sold | $332.8k2.0k shares |
| 2024-09-10 | McMillen Charles Thomas Director | Sold | $160.0k1.0k shares |
| 2024-08-27 | Morgan Rachel EVP General Counsel | Sold | $1.1m6.2k shares |
| 2024-08-26 | ARMSTRONG D GEOFFREY Director | Sold | $604.7k3.5k shares |
| 2024-08-22 | Biard Michael President & COO | Sold | $416.1k2.5k shares |
| 2024-08-21 | Strober Michael EVP, Chief Revenue Officer | Sold | $180.2k1.1k shares |
| 2024-08-16 | COMPTON SEAN President, Networks | Sold | $631.2k3.9k shares |
| 2024-08-14 | Gliha Lee Ann EVP, Chief Financial Officer | Sold | $155.1k984 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 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.01% of their portfolio | 3.2m $529.4m | Reduced -39.8k |
| BlackRock, Inc. 0.01% of their portfolio | 2.9m $474.0m | First filing |
| NEUBERGER BERMAN GROUP LLC 0.19% of their portfolio | 1.5m $241.7m | Reduced -42.2k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 1.3m $219.4m | Added +175 |
| LSV ASSET MANAGEMENT 0.46% of their portfolio | 1.3m $213.0m | Reduced -47.7k |
| FMR LLC 0.01% of their portfolio | 1.2m $194.5m | Reduced -119.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 1.1m $179.1m | Added +7.1k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.0m $167.0m | Reduced -34.4k |
| STATE STREET CORP 0.01% of their portfolio | 959.1k $158.6m | Reduced -3.7k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 755.5k $124.9m | Reduced -157.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 740.7k $122.7m | Reduced -2.5k |
| Capital Research Global Investors 0.02% of their portfolio | 610.1k $100.9m | Added +10.5k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.40% of their portfolio | 609.6k $100.8m | Reduced -1.5k |
| Channing Capital Management, LLC 2.41% of their portfolio | 569.0k $94.1m | Added +66.7k |
| Copeland Capital Management, LLC 1.58% of their portfolio | 547.7k $90.6m | Added +83.8k |
| MORGAN STANLEY 0.01% of their portfolio | 501.3k $82.9m | Reduced -27.7k |
| AMERIPRISE FINANCIAL INC 0.02% of their portfolio | 404.2k $66.8m | Reduced -2.5k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 384.6k $63.6m | Reduced -34.2k |
| BROWN ADVISORY INC 0.08% of their portfolio | 381.1k $63.0m | Added +11.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 378.8k $62.6m | Reduced -26.3k |
| AQR CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 366.9k $60.7m | Added +167.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 320.8k $53.0m | Reduced -15.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 303.0k $50.1m | Reduced -16.9k |
| NORGES BANK 0.01% of their portfolio | 291.5k $48.2m | Added +45.5k |
| Boston Partners 0.05% of their portfolio | 272.8k $45.4m | Reduced -37.4k |
| AMERICAN FINANCIAL GROUP INC 16.11% of their portfolio | 227.5k $37.6m | Unchanged |
| BOSTON FINANCIAL MANGEMENT LLC 1.12% of their portfolio | 226.6k $37.5m | Reduced -5.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 215.6k $35.7m | Reduced -5.2k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.34% of their portfolio | 202.5k $33.5m | Added +586 |
| CAPTRUST FINANCIAL ADVISORS 0.10% of their portfolio | 200.3k $33.1m | Reduced -1.8k |
| BRUNI J V & CO /CO 3.56% of their portfolio | 193.0k $31.9m | Reduced -1.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 189.7k $31.4m | Added +10.9k |
| Engine Capital Management, LP 5.31% of their portfolio | 185.2k $30.6m | Reduced -500 |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 171.9k $28.4m | Added +57.1k |
| QVT Financial LP 2.36% of their portfolio | 165.7k $27.4m | Unchanged |
| CAPITAL MANAGEMENT CORP /VA 4.77% of their portfolio | 162.3k $26.8m | Added +4.3k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 158.6k $26.2m | Added +5.8k |
| FIRST TRUST ADVISORS LP 0.02% of their portfolio | 150.9k $25.0m | Reduced -5.5k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 145.9k $24.1m | Added +122.0k |
| Man Group plc 0.06% of their portfolio | 135.0k $22.3m | Added +132.2k |
| PNC Financial Services Group, Inc. 0.01% of their portfolio | 132.2k $21.9m | Reduced -4.4k |
| Long Focus Capital Management, LLC 1.90% of their portfolio | 130.0k $21.5m | Added +9.0k |
| HighTower Advisors, LLC 0.03% of their portfolio | 121.2k $20.0m | Reduced -849 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.05% of their portfolio | 111.9k $18.5m | Added +6.1k |
| PAYDEN & RYGEL 1.40% of their portfolio | 110.2k $18.2m | Added +31.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 103.5k $17.1m | Reduced -11.6k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 101.5k $16.8m | Added +11.9k |
| Penn Capital Management Company, LLC 1.41% of their portfolio | 92.3k $15.3m | Added +2.2k |
| COMMERCE BANK 0.09% of their portfolio | 86.8k $14.4m | Reduced -1.1k |
| GLENMEDE TRUST CO NA 0.07% of their portfolio | 84.1k $13.9m | Reduced -1.3k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 81.7k $13.5m | Reduced -2.3k |
| Mesirow Institutional Investment Management, Inc. 1.02% of their portfolio | 80.6k $13.3m | Added +3.0k |
| Bahl & Gaynor LLC 0.07% of their portfolio | 80.2k $13.3m | Reduced -19.5k |
| LORD, ABBETT & CO. LLC 0.04% of their portfolio | 78.5k $13.0m | Reduced -93.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 78.1k $12.9m | Reduced -22.5k |
| Invesco Ltd. 0.00% of their portfolio | 77.0k $12.7m | Reduced -85.6k |
| LOOMIS SAYLES & CO L P 0.02% of their portfolio | 74.6k $12.3m | Added +897 |
| TWINBEECH CAPITAL LP 0.23% of their portfolio | 71.6k $11.8m | Added +55.0k |
| GAMCO INVESTORS, INC. ET AL 0.12% of their portfolio | 71.3k $11.8m | Reduced -526 |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 70.5k $11.7m | Reduced -33.5k |
| UBS Group AG 0.00% of their portfolio | 62.7k $10.4m | Added +2.8k |
| California Public Employees Retirement System 0.01% of their portfolio | 61.8k $10.2m | Reduced -5.2k |
| Swiss National Bank 0.01% of their portfolio | 60.9k $10.1m | Reduced -4.9k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 60.5k $10.0m | Added +32.0k |
| Brandywine Global Investment Management, LLC 0.07% of their portfolio | 58.9k $9.9m | Reduced -1.5k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 57.3k $9.5m | Reduced -22.1k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 55.2k $9.1m | Reduced -16.6k |
| ASSETMARK, INC 0.03% of their portfolio | 53.8k $8.9m | Reduced -1.5k |
| MACQUARIE GROUP LTD 0.01% of their portfolio | 51.6k $8.5m | Reduced -441 |
| Fairbanks Capital Management, Inc. 5.34% of their portfolio | 51.4k $8.5m | Added +85 |
| GABELLI FUNDS LLC 0.06% of their portfolio | 50.0k $8.3m | Unchanged |
| Kingsview Wealth Management, LLC 0.17% of their portfolio | 49.9k $8.2m | Added +1.7k |
| Legal & General Group Plc 0.00% of their portfolio | 49.5k $8.2m | Reduced -2.8k |
| Phocas Financial Corp. 4.92% of their portfolio | 49.4k $43.7m | Reduced -3.1k |
| Gotham Asset Management, LLC 0.08% of their portfolio | 49.3k $8.2m | Added +2.0k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 49.0k $8.1m | Reduced -634.9k |
| BARCLAYS PLC 0.00% of their portfolio | 45.1k $7.4m | Added +6.5k |
| Crawford Fund Management, LLC 5.31% of their portfolio | 43.6k $7.2m | Added +5.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio | 42.8k $7.1m | Reduced -6.7k |
| PINNACLE ASSOCIATES LTD 0.11% of their portfolio | 40.7k $6.4m | Added +1.0k |
| Keeley-Teton Advisors, LLC 0.73% of their portfolio | 40.3k $6.7m | Reduced -1.2k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 39.3k $6.5m | Reduced -21.8k |
| FOSTER & MOTLEY INC 0.40% of their portfolio | 37.9k $6.3m | Reduced -439 |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 37.8k $6.2m | Added +1.2k |
| RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio | 37.1k $6.1m | Reduced -270 |
| Retirement Systems of Alabama 0.02% of their portfolio | 36.8k $6.1m | Reduced -1.7k |
| Corebridge Financial, Inc. 0.03% of their portfolio | 36.0k $6.0m | Reduced -3.6k |
| SIT INVESTMENT ASSOCIATES INC 0.13% of their portfolio | 35.5k $5.9m | Reduced -590 |
| HRT FINANCIAL LP 0.03% of their portfolio | 34.5k $5.7m | Reduced -99.8k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.02% of their portfolio | 33.1k $5.5m | Reduced -1.2k |
| WINTON GROUP Ltd 0.38% of their portfolio | 32.8k $5.4m | New |
| Cambridge Investment Research Advisors, Inc. 0.02% of their portfolio | 32.5k $5.4m | Added +1.4k |
| Parcion Private Wealth LLC 0.43% of their portfolio | 31.1k $5.1m | Added +3.7k |
| Edgestream Partners, L.P. 0.23% of their portfolio | 31.1k $5.1m | Reduced -5.3k |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 30.4k $5.0m | Added +17.5k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 29.9k $5.0m | Reduced -2.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 29.0k $4.8m | Added +237 |
| DAVENPORT & Co LLC 0.03% of their portfolio | 29.0k $4.8m | Reduced -2.2k |
| JOHN G ULLMAN & ASSOCIATES INC 0.67% of their portfolio | 28.3k $4.7m | Reduced -200 |
| CITIGROUP INC 0.00% of their portfolio | 28.2k $4.7m | Reduced -650 |