Vault-13

SAGA COMMUNICATIONS INC SGA

CL A NEW · Common Stock · CUSIP 786598300

29 institutional holders +0 vs Q1 2026
3,374,8193.4m shares reported held*
53.1% of all shares outstanding*
$30.6mreported value*
3 new 11 added 5 reduced 3 sold out net bought ≈ $147.0k (+16.2k shares)

* 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 ($326.3k this quarter). Holder counts are more reliable. Shares outstanding: 6.4m as of 2026-08-10, 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 ≈ $9.07.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 30Q4 22: 35Q1 23: 37Q2 23: 39Q3 23: 38Q4 23: 46Q1 24: 44Q2 24: 43Q3 24: 38Q4 24: 39Q1 25: 32Q2 25: 32Q3 25: 27Q4 25: 27Q1 26: 29Q2 26: 2929Q3 22Q3 23Q3 24Q3 25Q2 26
Numbers
QuarterHolders
Q3 202230
Q4 202235
Q1 202337
Q2 202339
Q3 202338
Q4 202346
Q1 202444
Q2 202443
Q3 202438
Q4 202439
Q1 202532
Q2 202532
Q3 202527
Q4 202527
Q1 202629
Q2 202629

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q3 24: 13 bought or addedQ3 24: 17 cut or sold outQ4 24: 16 bought or addedQ4 24: 15 cut or sold outQ4 24Q1 25: 8 bought or addedQ1 25: 16 cut or sold outQ2 25: 11 bought or addedQ2 25: 10 cut or sold outQ2 25Q3 25: 5 bought or addedQ3 25: 16 cut or sold outQ4 25: 9 bought or addedQ4 25: 15 cut or sold outQ4 25Q1 26: 13 bought or addedQ1 26: 5 cut or sold outQ2 26: 14 bought or addedQ2 26: 8 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20241317
Q4 20241615
Q1 2025816
Q2 20251110
Q3 2025516
Q4 2025915
Q1 2026135
Q2 2026148

Biggest buyers

Marquette Asset Management, LLC New +28,352+28.4k
HRT FINANCIAL LP New +12,207+12.2k
LPL Financial LLC Added +7,025+7.0k
BlackRock, Inc. Added +3,680+3.7k
Peapod Lane Capital LLC Added +3,313+3.3k
VANGUARD CAPITAL MANAGEMENT LLC Added +2,515+2.5k
Tower Research Capital LLC (TRC) Added +858+858
ROYAL BANK OF CANADA New +800+800
BRIDGEWAY CAPITAL MANAGEMENT, LLC Added +400+400
MORGAN STANLEY Added +284+284

Biggest sellers

DIMENSIONAL FUND ADVISORS LP Reduced -20,392-20.4k
GOLDMAN SACHS GROUP INC Sold out -12,238-12.2k
GEODE CAPITAL MANAGEMENT, LLC Reduced -7,539-7.5k
NORTHERN TRUST CORP Reduced -2,696-2.7k
RENAISSANCE TECHNOLOGIES LLC Reduced -526-526
OSAIC HOLDINGS, INC. Reduced -110-110
CITIGROUP INC Sold out -1-1
Lloyd Advisory Services, LLC. Sold out +00

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.

HolderStakeChangeShares Last filed
Edward K. Christian Trust 13G · passive investor +0.1 pts · filed 2026-05-15 13.9% +0.1 pts 884.6k≈ $8.0m 2026-05-15
GATE CITY CAPITAL MANAGEMENT, LLC 13D · may seek influence no change · filed 2025-03-27
Stated purposeThis Amendment No. 3 amends the Schedule 13D initially filed on January 8, 2025 and subsequently amended on March 5, 2025 and March 14, 2025. On March 26, 2025, Gate City Capital Management ("Gate City") sent the letter attached as Exhibit D (the "Withdrawal Letter") to Saga Communications, Inc. ("Saga" or the "Company"). The Withdrawal Letter sets forth Gate City's intention to withdraw its nominees for election at the Company's 2025 Annual Meeting. Additionally, on March 26, 2025, Gate City sent the letter attached as Exhibit E (the "March Letter") to the Company. The March Letter highlights Gate City's continued concerns that the Company's pursuit of a digital transformation continues to have an adverse impact on the Company's financial results, operations, liquidity and share price.… Full filing
13.8% no change 863.8k≈ $7.8m 2025-03-27
Kesselman Stanley 13G · passive investor filed 2026-01-07 6.2% 391.4k≈ $3.5m 2026-01-07

Fell to 5% or below in the last year: DIMENSIONAL FUND ADVISORS LP (4.7%, 2026-10-08)

Insider purchases and sales since 1 Apr 2026

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.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TOWERVIEW LLC 6.91% of their portfolio NEW YORK, NY 1,161,1441.2m $10.5m $10.5m 6.91% Unchanged
2 GATE CITY CAPITAL MANAGEMENT, LLC 2.03% of their portfolio CHICAGO, IL 863,845863.8k $7.8m $7.8m 2.03% Unchanged
3 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 330,263330.3k $3.0m $3.0m 0.00% Reduced -20.4k -20,392
4 Peapod Lane Capital LLC 1.28% of their portfolio Bedford Hills, NY 209,865209.9k $1.9m $1.9m 1.28% Added +3.3k +3,313
5 VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio MALVERN, PA 188,722188.7k $1.7m $1.7m 0.00% Added +2.5k +2,515
6 BlackRock, Inc. 0.00% of their portfolio New York, NY 133,018133.0k $1.2m $1.2m 0.00% Added +3.7k +3,680
7 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 105,918105.9k $960.7k $960.7k 0.00% Reduced -526 -526
8 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio HOUSTON, TX 71,96172.0k $652.7k $652.7k 0.01% Added +400 +400
9 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 64,56364.6k $586.1k $586.1k 0.00% Reduced -7.5k -7,539
10 Mork Capital Management, LLC 0.29% of their portfolio HEALDSBURG, CA 50,00050.0k $453.5k $453.5k 0.29% Unchanged
11 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 42,39342.4k $384.5k $384.5k 0.00% Unchanged
12 Empowered Funds, LLC 0.00% of their portfolio NEWTOWN SQUARE, PA 35,97236.0k $326.3k $326.3k 0.00% Unchanged
13 VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio MALVERN, PA 34,76834.8k $315.3k $315.3k 0.00% Added +211 +211
14 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 30,15030.1k $273.5k $273.5k 0.00% Added +7.0k +7,025
15 Marquette Asset Management, LLC 0.03% of their portfolio MINNEAPOLIS, MN 28,35228.4k $257.2k $257.2k 0.03% New
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 22,09822.1k $200.4k $200.4k 0.00% Unchanged
17 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 12,20712.2k $110.0k $110.0k 0.00% New
18 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 10,77510.8k $97.7k $97.7k 0.00% Reduced -2.7k -2,696
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 9,9259.9k $90.0k $90.0k 0.00% Added +284 +284
20 Vanguard Global Advisers, LLC 0.00% of their portfolio MALVERN, PA 1,7641.8k $16.0k $16.0k 0.00% Unchanged
21 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,1511.2k $10.4k $10.4k 0.00% Added +22 +22
22 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 873873 $7.9k $7.9k 0.00% Added +858 +858
23 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 800800 $7.0k $7.0k 0.00% New
24 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 100100 $907 $907 0.00% Reduced -110 -110
25 IFS Advisors, LLC 0.00% of their portfolio OVERLAND PARK, KS 100100 $907 $907 0.00% Unchanged
26 UBS Group AG 0.00% of their portfolio ZURICH, V8 4242 $381 $381 0.00% Added +30 +30
27 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 1717 $154 $154 0.00% Added +12 +12
28 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 55 $44 $44 0.00% Unchanged
29 Kingdom Financial Group LLC. 0.00% of their portfolio PEORIA, AZ 00 $4 $4 0.00% Unchanged