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 ($188.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $7.90. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).
Trends to Q2 2025
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 |
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 2023 | 30 | 33 |
| Q4 2023 | 34 | 25 |
| Q1 2024 | 37 | 26 |
| Q2 2024 | 40 | 30 |
| Q3 2024 | 36 | 30 |
| Q4 2024 | 43 | 23 |
| Q1 2025 | 47 | 24 |
| Q2 2025 | 48 | 47 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $447.0k | $298.7k | 0.67 |
| Q4 2024 | $20.9k | $4.0k | 0.19 |
| Q1 2025 | $367.1k | $4.8k | 0.01 |
| Q2 2025 | $0 | $0 | — |
Biggest buyers
| RBF Capital, LLC | Added | +379.0k |
| Truffle Hound Capital, LLC | New | +150.0k |
| TWO SIGMA ADVISERS, LP | Added | +135.8k |
| AMERICAN CENTURY COMPANIES INC | Added | +130.5k |
| CITADEL ADVISORS LLC | Added | +74.7k |
| MILLENNIUM MANAGEMENT LLC | Added | +74.5k |
| TWO SIGMA INVESTMENTS, LP | Added | +57.1k |
| Trexquant Investment LP | Added | +41.6k |
| Y-Intercept (Hong Kong) Ltd | New | +37.4k |
| JANE STREET GROUP, LLC | Added | +34.9k |
Biggest sellers
| BlackRock, Inc. | Reduced | -662.4k |
| GOLDMAN SACHS GROUP INC | Reduced | -182.0k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -149.8k |
| STATE STREET CORP | Reduced | -138.8k |
| VANGUARD GROUP INC | Reduced | -85.9k |
| SEI INVESTMENTS CO | Sold out | -85.5k |
| NORTHERN TRUST CORP | Reduced | -77.5k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | Reduced | -71.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Sold out | -37.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -34.3k |
Biggest calls
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 |
|---|---|
| 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 in Q2 2025
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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 1 | $194.1k | — |
| Q4 2023 | 0 | — | 2 | $878.6k | — |
| Q1 2024 | 0 | — | 1 | $419.4k | — |
| Q2 2024 | 0 | — | 8 | $37.4m | — |
| Q3 2024 | 1 | $520.5k | 2 | $1.4m | — |
| Q4 2024 | 1 | $1.5k | 2 | $341.9k | — |
| Q1 2025 | 0 | — | 3 | $200.2k | — |
| Q2 2025 | 1 | $5.2k | 1 | $246.3k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-23 | Hellum Erik COO | Sold | $70.9k10.0k shares |
| 2025-06-06 | Hellum Erik COO | Sold | $32.5k4.6k shares |
| 2025-06-05 | Hellum Erik COO | Sold | $21.7k3.1k shares |
| 2025-06-03 | Hellum Erik COO | Sold | $121.1k17.3k shares |
| 2025-05-01 | Schatz Scott EVP, Finance Op and Tech | Bought | $5.2k788 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 2025
| Manager | Shares | Change |
|---|---|---|
| BECK MACK & OLIVER LLC 0.15% of their portfolio | 967.4k $7.7m | Added +23.7k |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 856.7k $6.8m | Added +130.5k |
| MSD CAPITAL, L.P. 3.71% of their portfolio | 727.0k $5.8m | Unchanged |
| VANGUARD GROUP INC 0.00% of their portfolio | 577.7k $4.6m | Reduced -85.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 472.9k $3.7m | Added +2.2k |
| JB CAPITAL PARTNERS LP 0.67% of their portfolio | 467.8k $3.6m | Unchanged |
| RBF Capital, LLC 0.17% of their portfolio | 422.9k $3.3m | Added +379.0k |
| Access Investment Management LLC 0.90% of their portfolio | 399.5k $3.2m | First filing |
| GAMCO INVESTORS, INC. ET AL 0.03% of their portfolio | 383.1k $3.0m | Added +9.1k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 244.8k $1.9m | Added +135.8k |
| BlackRock, Inc. 0.00% of their portfolio | 205.8k $1.6m | Reduced -662.4k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 162.6k $1.3m | Added +74.5k |
| Truffle Hound Capital, LLC 0.78% of their portfolio | 150.0k $1.2m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 133.6k $1.1m | Reduced -149.8k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 133.1k $1.1m | Added +57.1k |
| Teton Advisors, Inc. 0.56% of their portfolio | 117.0k $925.5k | Unchanged |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 110.1k $870.7k | Reduced -71.7k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 105.6k $835.7k | Reduced -20.9k |
| Trexquant Investment LP 0.01% of their portfolio | 97.3k $769.8k | Added +41.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 89.7k $709.3k | Reduced -182.0k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 82.1k $649.5k | Added +31.8k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 75.1k $594.3k | Added +74.7k |
| MORGAN STANLEY 0.00% of their portfolio | 74.0k $585.7k | Reduced -12.3k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 73.9k $584.6k | Added +15.9k |
| STATE STREET CORP 0.00% of their portfolio | 72.1k $570.6k | Reduced -138.8k |
| GSA CAPITAL PARTNERS LLP 0.04% of their portfolio | 71.6k $566.0k | Added +13.6k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 60.5k $478.5k | Reduced -77.5k |
| Mork Capital Management, LLC 0.35% of their portfolio | 60.0k $474.6k | Unchanged |
| GABELLI FUNDS LLC 0.00% of their portfolio | 57.5k $454.8k | Added +2.7k |
| Man Group plc 0.00% of their portfolio | 49.3k $390.1k | Added +12.3k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 46.9k $371.1k | Added +34.9k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 45.2k $358.0k | Added +156 |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 44.4k $350.9k | Reduced -16.2k |
| BOYAR ASSET MANAGEMENT INC. 0.22% of their portfolio | 42.5k $336.5k | Added +6.4k |
| Krilogy Financial LLC 0.02% of their portfolio | 40.0k $316.5k | Added +11 |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 38.6k $303.0k | Added +11.4k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.00% of their portfolio | 38.3k $302.9k | Reduced -8.6k |
| Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio | 37.4k $295.5k | New |
| BARCLAYS PLC 0.00% of their portfolio | 33.7k $266.4k | Reduced -14.4k |
| Hillsdale Investment Management Inc. 0.01% of their portfolio | 31.2k $246.8k | Unchanged |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 30.4k $240.3k | New |
| Corton Capital Inc. 0.26% of their portfolio | 28.7k $227.1k | New |
| Empowered Funds, LLC 0.00% of their portfolio | 23.8k $188.0k | Reduced -33.8k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 23.5k $186.0k | New |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 20.0k $157.9k | New |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 19.9k $157.5k | Added +1.3k |
| Aster Capital Management (DIFC) Ltd 0.03% of their portfolio | 15.0k $118.4k | New |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 14.3k $111.5k | Added +3.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 14.0k $110.0k | Added +9.6k |
| Jain Global LLC 0.00% of their portfolio | 12.9k $102.1k | New |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.01% of their portfolio | 12.8k $101.2k | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 12.0k $95.2k | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 11.5k $91.0k | Reduced -2.3k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 10.6k $84.2k | Added +1.4k |
| Engineers Gate Manager LP 0.00% of their portfolio | 10.2k $80.6k | Reduced -388 |
| Beacon Pointe Advisors, LLC 0.00% of their portfolio | 10.0k $79.1k | Unchanged |
| Copeland Capital Management, LLC 0.00% of their portfolio | 7.9k $62.2k | Added +1.1k |
| Ancora Advisors LLC 0.00% of their portfolio | 7.1k $55.8k | Reduced -7.9k |
| MEEDER ASSET MANAGEMENT INC 0.00% of their portfolio | 6.3k $49.8k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 4.5k $35.4k | Added +3.3k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 4.2k $33.1k | New |
| CITIGROUP INC 0.00% of their portfolio | 3.7k $29.1k | Reduced -5.7k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 3.0k $23.5k | Reduced -3.3k |
| CIBC Private Wealth Group LLC 0.00% of their portfolio | 2.5k $19.8k | New |
| Colonial Trust Advisors 0.00% of their portfolio | 2.3k $17.9k | Added +24 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 2.3k $17.8k | Reduced -402 |
| Larson Financial Group LLC 0.00% of their portfolio | 2.0k $15.8k | Unchanged |
| BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio | 2.0k $15.8k | Unchanged |
| FMR LLC 0.00% of their portfolio | 759 $6.0k | Reduced -314 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 686 $5.4k | Added +526 |
| JFS WEALTH ADVISORS, LLC 0.00% of their portfolio | 665 $5.3k | Added +19 |
| CWM, LLC 0.00% of their portfolio | 521 $4.0k | Added +409 |
| Parallel Advisors, LLC 0.00% of their portfolio | 394 $3.1k | Added +11 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 292 $2.3k | Reduced -6.1k |
| LANARK FINANCIAL, INC. 0.00% of their portfolio | 250 $1.0k | Unchanged |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 172 $1.4k | New |
| COMERICA BANK 0.00% of their portfolio | 158 $1.2k | Reduced -21 |
| MAI Capital Management 0.00% of their portfolio | 90 $712 | New |
| Covestor Ltd 0.00% of their portfolio | 81 $1.0k | Added +11 |
| UBS Group AG 0.00% of their portfolio | 49 $388 | Reduced -6.3k |
| NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio | 41 $324 | New |
| GAMMA Investing LLC 0.00% of their portfolio | 41 $324 | Reduced -46 |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 38 $301 | Reduced -202 |
| Essential Partners LLC 0.00% of their portfolio | 16 $127 | First filing |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 6 $47 | Unchanged |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 3 $24 | Added +2 |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |
| IFP Advisors, Inc 0.00% of their portfolio | 0 $230 | Reduced -1 |