Vault-13

TOWNSQUARE MEDIA INC TSQ

CL A · Common Stock · CUSIP 892231101

American radio network and media company

73 institutional holders +0 vs Q3 2023
9,254,8249.3m shares reported held*
$97.8mreported value*
6 new 28 added 18 reduced 7 sold out net bought ≈ $2.2m (+206.5k 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 ($627.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.56. Options: 2 managers hold calls ($106.7k notional), 1 hold puts ($0).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 56Q4 22: 56Q1 23: 52Q2 23: 73Q3 23: 73Q4 23: 7373Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202256
Q4 202256
Q1 202352
Q2 202373
Q3 202373
Q4 202373

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 22: 14 bought or addedQ4 22: 28 cut or sold outQ4 22Q1 23: 16 bought or addedQ1 23: 23 cut or sold outQ1 23Q2 23: 44 bought or addedQ2 23: 21 cut or sold outQ2 23Q3 23: 30 bought or addedQ3 23: 33 cut or sold outQ3 23Q4 23: 34 bought or addedQ4 23: 25 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221428
Q1 20231623
Q2 20234421
Q3 20233033
Q4 20233425

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$200k$400k$600kQ1 23 calls: $8.8kQ1 23 puts: $8.0kQ1 23P/C 0.91Q2 23 calls: $14.1kQ2 23 puts: $11.9kQ2 23P/C 0.84Q3 23 calls: $570.7kQ3 23 puts: $19.3kQ3 23P/C 0.03Q4 23 calls: $106.7kQ4 23 puts: $0Q4 23P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2023$8.8k$8.0k0.91
Q2 2023$14.1k$11.9k0.84
Q3 2023$570.7k$19.3k0.03
Q4 2023$106.7k$00.00

Biggest buyers

MORGAN STANLEY Added +101,773+101.8k
Bank of New York Mellon Corp Added +86,005+86.0k
BlackRock Inc. Added +34,336+34.3k
Invesco Ltd. New +33,777+33.8k
BAILARD, INC. New +23,348+23.3k
O'SHAUGHNESSY ASSET MANAGEMENT, LLC Added +22,705+22.7k
NORTHERN TRUST CORP Added +17,722+17.7k
TWO SIGMA INVESTMENTS, LP New +16,641+16.6k
BECK MACK & OLIVER LLC Added +16,250+16.2k
BARCLAYS PLC Added +13,944+13.9k

Biggest sellers

Praetorian PR LLC Sold out -165,000-165.0k
Channing Capital Management, LLC Sold out -27,410-27.4k
ACADIAN ASSET MANAGEMENT LLC Reduced -27,387-27.4k
DIMENSIONAL FUND ADVISORS LP Reduced -16,375-16.4k
DFPG INVESTMENTS, LLC Sold out -10,800-10.8k
Teton Advisors, Inc. Reduced -6,000-6.0k
BOYAR ASSET MANAGEMENT INC. Reduced -3,746-3.7k
ROYAL BANK OF CANADA Reduced -2,839-2.8k
AMERICAN CENTURY COMPANIES INC Reduced -2,274-2.3k
Dorsey Wright & Associates Sold out -1,982-2.0k

Biggest calls

PEAK6 Investments LLC Unchanged $106.7k10.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

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.

HolderStakeChangeShares Last filed
CAPITAL MANAGEMENT CORP /VA 13G · institution +2.7 pts · filed 2026-10-22 18.7% +2.7 pts 3.4m≈ $24.1m 2026-10-22
MSD CAPITAL, L.P. 13G · passive investor -1.1 pts · filed 2026-05-15 7.2% -1.1 pts 1.2m≈ $8.7m 2026-05-15

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 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)

BuyingSelling
202Q1 22: 0 buyingQ1 22: 0 sellingQ2 22: 0 buyingQ2 22: 0 sellingQ2 22Q3 22: 0 buyingQ3 22: 0 sellingQ4 22: 0 buyingQ4 22: 0 sellingQ4 22Q1 23: 0 buyingQ1 23: 0 sellingQ2 23: 0 buyingQ2 23: 2 sellingQ2 23Q3 23: 0 buyingQ3 23: 1 sellingQ4 23: 0 buyingQ4 23: 2 sellingQ4 23
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20220—0——
Q2 20220—0——
Q3 20220—0——
Q4 20220—0——
Q1 20230—0——
Q2 20230—2$997.5k—
Q3 20230—1$194.1k—
Q4 20230—2$878.6k—
DateInsiderTradeSharesPrice ValueTheir holding
2023-12-28 Hellum Erik COO Sold 31,182 $10.97 $342.1k31.2k shares -5%
2023-12-27 Hellum Erik COO Sold 6,100 $10.86 $66.2k6.1k shares -1%
2023-12-26 Hellum Erik COO Sold 6,915 $10.78 $74.5k6.9k shares -1%
2023-12-22 Hellum Erik COO Sold 3,085 $10.79 $33.3k3.1k shares -<1%
2023-12-20 Hellum Erik COO Sold 3,286 $11.00 $36.1k3.3k shares -0%
2023-12-19 Hellum Erik COO Sold 1,526 $11.00 $16.8k1.5k shares -<1%
2023-12-15 Schatz Scott EVP, Finance Op and Tech Sold 4,133 $10.51 $43.4k4.1k shares -35%
2023-12-14 Schatz Scott EVP, Finance Op and Tech Sold 2,355 $10.50 $24.7k2.4k shares -24%
2023-12-13 Schatz Scott EVP, Finance Op and Tech Sold 9,374 $10.34 $96.9k9.4k shares -55%
2023-12-07 Schatz Scott EVP, Finance Op and Tech Sold 12,616 $10.22 $128.9k12.6k shares -62%
2023-12-06 Schatz Scott EVP, Finance Op and Tech Sold 1,522 $10.20 $15.5k1.5k shares -17%

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MSD CAPITAL, L.P. 4.89% of their portfolio NEW YORK, NY 1,518,8271.5m $16.0m $16.0m 4.89% Unchanged
2 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 815,961816.0k $8.6m $8.6m 0.01% Reduced -2.3k -2,274
3 BECK MACK & OLIVER LLC 0.19% of their portfolio NEW YORK, NY 791,250791.2k $8.4m $8.4m 0.19% Added +16.2k +16,250
4 BlackRock Inc. 0.00% of their portfolio New York, NY 689,219689.2k $7.3m $7.3m 0.00% Added +34.3k +34,336
5 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 591,495591.5k $6.2m $6.2m 0.00% Added +7.3k +7,252
6 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 528,614528.6k $5.6m $5.6m 0.00% Reduced -16.4k -16,375
7 JB CAPITAL PARTNERS LP 1.00% of their portfolio Armonk, NY 467,807467.8k $4.9m $4.9m 1.00% Unchanged
8 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 462,052462.1k $4.9m $4.9m 0.01% Reduced -500 -500
9 Access Investment Management LLC 1.55% of their portfolio ATLANTA, GA 393,585393.6k $4.2m $4.2m 1.55% First filing
10 GAMCO INVESTORS, INC. ET AL 0.04% of their portfolio GREENWICH, CT 362,847362.8k $3.8m $3.8m 0.04% Added +3.0k +3,000
11 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 244,752244.8k $2.6m $2.6m 0.00% Added +13.1k +13,147
12 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.06% of their portfolio HOUSTON, TX 243,700243.7k $2.6m $2.6m 0.06% Added +5.3k +5,288
13 FULLER & THALER ASSET MANAGEMENT, INC. 0.01% of their portfolio SAN MATEO, CA 242,660242.7k $2.6m $2.6m 0.01% Reduced -200 -200
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 170,986171.0k $1.8m $1.8m 0.00% Added +101.8k +101,773
15 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 156,807156.8k $1.7m $1.7m 0.00% Added +86.0k +86,005
16 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 150,766150.8k $1.6m $1.6m 0.00% Added +7.0k +7,028
17 Teton Advisors, Inc. 0.50% of their portfolio Rye, NY 144,000144.0k $1.5m $1.5m 0.50% Reduced -6.0k -6,000
18 ACADIAN ASSET MANAGEMENT LLC 0.01% of their portfolio Boston, MA 125,217125.2k $1.3m $1.3m 0.01% Reduced -27.4k -27,387
19 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 114,390114.4k $1.2m $1.2m 0.00% Added +17.7k +17,722
20 GLOBEFLEX CAPITAL L P 0.10% of their portfolio SAN DIEGO, CA 90,05290.1k $950.9k $950.9k 0.10% Unchanged
21 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 85,54685.5k $903.4k $903.4k 0.00% Unchanged
22 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 76,13176.1k $803.9k $803.9k 0.00% Unchanged
23 RBF Capital, LLC 0.05% of their portfolio RENO, NV 70,34670.3k $742.9k $742.9k 0.05% Unchanged
24 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.01% of their portfolio Stamford, CT 66,98667.0k $707.4k $707.4k 0.01% Added +22.7k +22,705
25 GABELLI FUNDS LLC 0.01% of their portfolio Rye, NY 62,00062.0k $654.7k $654.7k 0.01% Added +3.0k +3,000
26 Mork Capital Management, LLC 0.39% of their portfolio HEALDSBURG, CA 60,00060.0k $633.6k $633.6k 0.39% Unchanged
27 Empowered Funds, LLC 0.02% of their portfolio NEWTOWN SQUARE, PA 59,40059.4k $627.3k $627.3k 0.02% Added +5.3k +5,288
28 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 40,50040.5k $427.7k $427.7k 0.00% Reduced -1.6k -1,600
29 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 38,89138.9k $411.0k $411.0k 0.00% Added +5.9k +5,852
30 BOYAR ASSET MANAGEMENT INC. 0.28% of their portfolio NEW YORK, NY 34,91734.9k $368.7k $368.7k 0.28% Reduced -3.7k -3,746
31 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 33,77733.8k $356.7k $356.7k 0.00% New
32 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 33,08433.1k $349.4k $349.4k 0.00% Added +743 +743
33 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 33,05833.1k $349.1k $349.1k 0.00% Unchanged
34 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 30,08530.1k $317.7k $317.7k 0.00% Added +3.7k +3,735
35 EXCHANGE TRADED CONCEPTS, LLC 0.01% of their portfolio Oklahoma City, OK 29,55229.6k $312.1k $312.1k 0.01% Added +10.8k +10,762
36 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 26,67626.7k $281.7k $281.7k 0.00% Added +13.9k +13,944
37 RITHOLTZ WEALTH MANAGEMENT 0.01% of their portfolio NEW YORK, NY 24,13124.1k $254.8k $254.8k 0.01% Added +8.0k +8,035
38 BAILARD, INC. 0.01% of their portfolio Foster City, CA 23,34823.3k $246.6k $246.6k 0.01% New
39 UBS Group AG 0.00% of their portfolio ZURICH, V8 18,68018.7k $197.3k $197.3k 0.00% Added +12.8k +12,794
40 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 18,09418.1k $191.1k $191.1k 0.00% Added +1.2k +1,239
41 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 17,53417.5k $185.2k $185.2k 0.00% Added +10.0k +9,962
42 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 16,99517.0k $179.8k $179.8k 0.00% Added +1.9k +1,863
43 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 16,64116.6k $175.7k $175.7k 0.00% New
44 DENALI ADVISORS LLC 0.05% of their portfolio SAN DIEGO, CA 14,40014.4k $152.1k $152.1k 0.05% Reduced -1.9k -1,900
45 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 11,07911.1k $116.0k $116.0k 0.00% Reduced -2.8k -2,839
46 MACKENZIE FINANCIAL CORP 0.00% of their portfolio TORONTO ONTARIO, A6 10,08610.1k $106.5k $106.5k 0.00% New
47 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 10,00010.0k $105.6k $105.6k 0.00% Unchanged
48 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 9,6209.6k $101.6k $101.6k 0.00% Reduced -100 -100
49 Hillsdale Investment Management Inc. 0.01% of their portfolio Toronto, A6 8,5118.5k $89.9k $89.9k 0.01% Reduced -1.5k -1,500
50 AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio New York, NY 5,8065.8k $61.3k $61.3k 0.00% Reduced -24 -24
51 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,1303.1k $33.1k $33.1k 0.00% Added +539 +539
52 Copeland Capital Management, LLC 0.00% of their portfolio Conshohocken, PA 2,5572.6k $27.0k $27.0k 0.00% Unchanged
53 Bartlett & Co. LLC 0.00% of their portfolio CINCINNATI, OH 2,0002.0k $22.0k $22.0k 0.00% Unchanged
54 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 2,0002.0k $21.9k $21.9k 0.00% Unchanged
55 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 1,9231.9k $20.3k $20.3k 0.00% Reduced -655 -655
56 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 1,7681.8k $18.0k $18.0k 0.00% New
57 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 1,7261.7k $18.2k $18.2k 0.00% Added +1.7k +1,721
58 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 1,6541.7k $17.0k $17.0k 0.00% Reduced -117 -117
59 Legal & General Group Plc 0.00% of their portfolio London, X0 1,3491.3k $14.2k $14.2k 0.00% Unchanged
60 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 1,2121.2k $12.8k $12.8k 0.00% Reduced -54 -54
61 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 965965 $10.2k $10.2k 0.00% Unchanged
62 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 748748 $7.9k $7.9k 0.00% Unchanged
63 Colonial Trust Advisors 0.00% of their portfolio SPARTANBURG, SC 700700 $7.4k $7.4k 0.00% New
64 HM PAYSON & CO 0.00% of their portfolio PORTLAND, ME 500500 $5.3k $5.3k 0.00% Unchanged
65 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 350350 $3.7k $3.7k 0.00% Added +8 +8
66 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 250250 $2.0k $2.0k 0.00% Unchanged
67 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 204204 $2.2k $2.2k 0.00% Added +30 +30
68 COMERICA BANK 0.00% of their portfolio DALLAS, TX 179179 $1.9k $1.9k 0.00% Unchanged
69 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 7878 $824 $824 0.00% Unchanged
70 Covestor Ltd 0.00% of their portfolio LONDON, X0 5252 $1.0k $1.0k 0.00% Added +52 +52
71 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 1515 $158 $158 0.00% Reduced -615 -615
72 FMR LLC 0.00% of their portfolio BOSTON, MA 33 $32 $32 0.00% Reduced -1.6k -1,561
73 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged