TOWNSQUARE MEDIA INC TSQ
CL A · Common Stock · CUSIP 892231101
American radio network and media company
- SectorCommunication
- IndustryRadio Broadcasting Stations
- HeadquartersPurchase, NY
- Founded1996
- Websitetownsquaremedia.com
- 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 ($816.6k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $7.06. Options: 1 managers hold calls ($2.8k notional), 0 hold puts (—).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 56 |
| Q4 2022 | 56 |
| Q1 2023 | 52 |
| Q2 2023 | 73 |
| Q3 2023 | 73 |
| Q4 2023 | 73 |
| Q1 2024 | 78 |
| Q2 2024 | 80 |
| Q3 2024 | 83 |
| Q4 2024 | 82 |
| Q1 2025 | 92 |
| Q2 2025 | 88 |
| Q3 2025 | 77 |
| Q4 2025 | 67 |
| Q1 2026 | 65 |
| Q2 2026 | 62 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 36 | 30 |
| Q4 2024 | 43 | 23 |
| Q1 2025 | 47 | 24 |
| Q2 2025 | 48 | 47 |
| Q3 2025 | 33 | 50 |
| Q4 2025 | 26 | 39 |
| Q1 2026 | 29 | 38 |
| Q2 2026 | 23 | 28 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $514 | $0 | 0.00 |
| Q1 2026 | $543 | $0 | 0.00 |
| Q2 2026 | $2.8k | $0 | 0.00 |
Biggest buyers
| CAPITAL MANAGEMENT CORP /VA | Added | +371.7k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | Added | +38.6k |
| Ancora Advisors LLC | New | +32.9k |
| CITADEL ADVISORS LLC | New | +28.5k |
| JANE STREET GROUP, LLC | New | +26.6k |
| TWO SIGMA INVESTMENTS, LP | Added | +20.0k |
| VANGUARD CAPITAL MANAGEMENT LLC | Added | +19.9k |
| Trexquant Investment LP | Added | +18.8k |
| UBS Group AG | Added | +16.2k |
| RITHOLTZ WEALTH MANAGEMENT | Added | +14.3k |
Biggest sellers
| BECK MACK & OLIVER LLC | Reduced | -141.3k |
| MSD CAPITAL, L.P. | Reduced | -111.7k |
| Access Investment Management LLC | Reduced | -77.7k |
| ACADIAN ASSET MANAGEMENT LLC | Sold out | -55.6k |
| BOYAR ASSET MANAGEMENT INC. | Reduced | -30.9k |
| HighTower Advisors, LLC | Sold out | -27.2k |
| WELLS FARGO & COMPANY/MN | Reduced | -27.0k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -20.0k |
| Engineers Gate Manager LP | Sold out | -18.1k |
| Connor, Clark & Lunn Investment Management Ltd. | Reduced | -17.7k |
Biggest calls
| SIMPLEX TRADING, LLC | Added | $2.8k400 shares |
Biggest puts
| None |
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 |
|---|---|
| CAPITAL MANAGEMENT CORP /VA 13G · institution +2.7 pts · filed 2026-10-22 | 18.7% |
| MSD CAPITAL, L.P. 13G · passive investor -1.1 pts · filed 2026-05-15 | 7.2% |
Fell to 5% or below in the last year: AMERICAN CENTURY INVESTMENT MANAGEMENT INC (4.9%, 2026-08-14), BECK MACK & OLIVER LLC (—, 2026-05-12)
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.
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 2024 | 1 | $1.5k | 2 | $341.9k | — |
| Q1 2025 | 0 | — | 3 | $200.2k | — |
| Q2 2025 | 1 | $5.2k | 1 | $246.3k | — |
| Q3 2025 | 2 | $389.3k | 0 | — | — |
| Q4 2025 | 1 | $5.4k | 1 | $28.8k | — |
| Q1 2026 | 1 | $6.5k | 2 | $645.8k | — |
| Q2 2026 | 1 | $6.1k | 3 | $774.7k | — |
| Q3 2026 | 0 | — | 1 | $829.7k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-12 | Wilson Bill Chief Executive Officer, director | Sold | $118.7k21.4k shares |
| 2026-08-11 | Wilson Bill Chief Executive Officer, director | Sold | $711.0k126.7k shares |
| 2026-06-09 | Hellum Erik COO | Sold | $225.4k35.0k shares |
| 2026-05-28 | WORSHEK ROBERT L. SVP, Chief Accounting Officer | Sold | $227.1k34.3k shares |
| 2026-05-20 | Yenicay Claire Marie EVP, Inv Rel and Corp Comm | Sold | $120.1k19.7k shares |
| 2026-05-19 | Yenicay Claire Marie EVP, Inv Rel and Corp Comm | Sold | $94.9k15.7k shares |
| 2026-05-18 | Yenicay Claire Marie EVP, Inv Rel and Corp Comm | Sold | $107.2k17.7k shares |
| 2026-05-04 | Schatz Scott EVP, Finance Op and Tech | Bought | $6.1k943 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| CAPITAL MANAGEMENT CORP /VA 3.04% of their portfolio | 2.9m $20.3m | Added +371.7k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 824.0k $5.8m | Reduced -3.7k |
| MSD CAPITAL, L.P. 4.27% of their portfolio | 615.3k $4.4m | Reduced -111.7k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 543.9k $3.8m | Added +19.9k |
| BECK MACK & OLIVER LLC 0.07% of their portfolio | 473.4k $3.3m | Reduced -141.3k |
| JB CAPITAL PARTNERS LP 0.50% of their portfolio | 467.8k $3.2m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 424.5k $3.0m | Reduced -17.0k |
| RBF Capital, LLC 0.12% of their portfolio | 393.5k $2.8m | Unchanged |
| GAMCO INVESTORS, INC. ET AL 0.02% of their portfolio | 381.6k $2.7m | Reduced -2.9k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 234.9k $1.7m | Added +820 |
| CastleKnight Management LP 0.06% of their portfolio | 214.2k $1.5m | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 174.0k $1.2m | Added +13.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 158.9k $1.1m | Reduced -20.0k |
| Teton Advisors, LLC 0.47% of their portfolio | 115.0k $813.0k | Unchanged |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 110.2k $778.9k | Unchanged |
| GSA CAPITAL PARTNERS LLP 0.05% of their portfolio | 106.8k $755.0k | Reduced -723 |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 94.4k $667.6k | Unchanged |
| Advyzon Investment Management, LLC 0.05% of their portfolio | 93.7k $662.8k | Added +3.1k |
| Indivisible Partners 0.04% of their portfolio | 91.6k $647.9k | Added +3.0k |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 84.7k $598.6k | Added +38.6k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 82.8k $585.3k | Added +20.0k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 79.8k $564.0k | Added +551 |
| Trexquant Investment LP 0.00% of their portfolio | 73.9k $522.6k | Added +18.8k |
| UBS Group AG 0.00% of their portfolio | 71.3k $503.8k | Added +16.2k |
| GABELLI FUNDS LLC 0.00% of their portfolio | 63.3k $447.5k | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 61.7k $436.4k | Unchanged |
| BOYAR ASSET MANAGEMENT INC. 0.23% of their portfolio | 55.9k $395.1k | Reduced -30.9k |
| Access Investment Management LLC 0.10% of their portfolio | 53.9k $380.9k | Reduced -77.7k |
| Daytona Street Capital LLC 0.27% of their portfolio | 53.0k $364.9k | Unchanged |
| Krilogy Financial LLC 0.01% of their portfolio | 50.0k $353.5k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 48.8k $345.1k | Added +273 |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 45.3k $320.0k | Reduced -542 |
| RITHOLTZ WEALTH MANAGEMENT 0.00% of their portfolio | 43.4k $306.8k | Added +14.3k |
| BARCLAYS PLC 0.00% of their portfolio | 33.3k $235.5k | Reduced -488 |
| Ancora Advisors LLC 0.00% of their portfolio | 32.9k $232.8k | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 32.7k $231.1k | Reduced -5.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 31.0k $219.2k | Added +1 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 28.5k $201.8k | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 28.4k $201.1k | Reduced -24 |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 26.6k $188.4k | New |
| Cetera Investment Advisers 0.00% of their portfolio | 25.5k $180.5k | Added +1.7k |
| Empowered Funds, LLC 0.00% of their portfolio | 23.9k $168.7k | Unchanged |
| &PARTNERS 0.00% of their portfolio | 23.7k $167.6k | Reduced -8.7k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 13.5k $95.5k | Reduced -3.7k |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 10.7k $75.8k | Reduced -17.7k |
| XTX Topco Ltd 0.00% of their portfolio | 10.6k $74.6k | New |
| Centiva Capital, LP 0.00% of their portfolio | 10.5k $74.1k | New |
| Crews Bank & Trust 0.00% of their portfolio | 5.1k $36.1k | Unchanged |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 4.2k $29.8k | Unchanged |
| Larson Financial Group LLC 0.00% of their portfolio | 2.0k $14.1k | Unchanged |
| BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio | 2.0k $14.1k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.5k $11.0k | Reduced -1.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 1.0k $7.3k | Unchanged |
| Parallel Advisors, LLC 0.00% of their portfolio | 444 $3.1k | Added +13 |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 300 $2.1k | New |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 157 $1.1k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 118 $834 | New |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 101 $714 | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 92 $640 | Unchanged |
| Optiver Holding B.V. 0.00% of their portfolio | 6 $42 | Reduced -168 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1 $4 | Reduced -27.0k |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 1 $7 | Unchanged |