Vault-13

TOWNSQUARE MEDIA INC TSQ

CL A · Common Stock · CUSIP 892231101

American radio network and media company

88 institutional holders -4 vs Q1 2025
8,196,5768.2m shares reported held*
$64.7mreported value*
15 new 33 added 26 reduced 21 sold out net sold ≈ $2.7m (-337.2k 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 ($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

050100Q3 22: 56Q4 22: 56Q1 23: 52Q2 23: 73Q3 23: 73Q4 23: 73Q1 24: 78Q2 24: 80Q3 24: 83Q4 24: 82Q1 25: 92Q2 25: 8888Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202256
Q4 202256
Q1 202352
Q2 202373
Q3 202373
Q4 202373
Q1 202478
Q2 202480
Q3 202483
Q4 202482
Q1 202592
Q2 202588

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q3 23: 30 bought or addedQ3 23: 33 cut or sold outQ4 23: 34 bought or addedQ4 23: 25 cut or sold outQ4 23Q1 24: 37 bought or addedQ1 24: 26 cut or sold outQ2 24: 40 bought or addedQ2 24: 30 cut or sold outQ2 24Q3 24: 36 bought or addedQ3 24: 30 cut or sold outQ4 24: 43 bought or addedQ4 24: 23 cut or sold outQ4 24Q1 25: 47 bought or addedQ1 25: 24 cut or sold outQ2 25: 48 bought or addedQ2 25: 47 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20233033
Q4 20233425
Q1 20243726
Q2 20244030
Q3 20243630
Q4 20244323
Q1 20254724
Q2 20254847

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ3 24 calls: $447.0kQ3 24 puts: $298.7kQ3 24P/C 0.67Q4 24 calls: $20.9kQ4 24 puts: $4.0kQ4 24P/C 0.19Q1 25 calls: $367.1kQ1 25 puts: $4.8kQ1 25P/C 0.01Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$447.0k$298.7k0.67
Q4 2024$20.9k$4.0k0.19
Q1 2025$367.1k$4.8k0.01
Q2 2025$0$0—

Biggest buyers

RBF Capital, LLC Added +379,000+379.0k
Truffle Hound Capital, LLC New +150,000+150.0k
TWO SIGMA ADVISERS, LP Added +135,800+135.8k
AMERICAN CENTURY COMPANIES INC Added +130,537+130.5k
CITADEL ADVISORS LLC Added +74,680+74.7k
MILLENNIUM MANAGEMENT LLC Added +74,510+74.5k
TWO SIGMA INVESTMENTS, LP Added +57,069+57.1k
Trexquant Investment LP Added +41,637+41.6k
Y-Intercept (Hong Kong) Ltd New +37,355+37.4k
JANE STREET GROUP, LLC Added +34,866+34.9k

Biggest sellers

BlackRock, Inc. Reduced -662,439-662.4k
GOLDMAN SACHS GROUP INC Reduced -182,019-182.0k
GEODE CAPITAL MANAGEMENT, LLC Reduced -149,849-149.8k
STATE STREET CORP Reduced -138,766-138.8k
VANGUARD GROUP INC Reduced -85,896-85.9k
SEI INVESTMENTS CO Sold out -85,458-85.5k
NORTHERN TRUST CORP Reduced -77,546-77.5k
BRIDGEWAY CAPITAL MANAGEMENT, LLC Reduced -71,741-71.7k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Sold out -37,030-37.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -34,274-34.3k

Biggest calls

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 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)

BuyingSelling
10010Q3 23: 0 buyingQ3 23: 1 sellingQ4 23: 0 buyingQ4 23: 2 sellingQ4 23Q1 24: 0 buyingQ1 24: 1 sellingQ2 24: 0 buyingQ2 24: 8 sellingQ2 24Q3 24: 1 buyingQ3 24: 2 sellingQ4 24: 1 buyingQ4 24: 2 sellingQ4 24Q1 25: 0 buyingQ1 25: 3 sellingQ2 25: 1 buyingQ2 25: 1 sellingQ2 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20230—1$194.1k—
Q4 20230—2$878.6k—
Q1 20240—1$419.4k—
Q2 20240—8$37.4m—
Q3 20241$520.5k2$1.4m—
Q4 20241$1.5k2$341.9k—
Q1 20250—3$200.2k—
Q2 20251$5.2k1$246.3k—
DateInsiderTradeSharesPrice ValueTheir holding
2025-06-23 Hellum Erik COO Sold 10,000 $7.09 $70.9k10.0k shares -1%
2025-06-06 Hellum Erik COO Sold 4,591 $7.08 $32.5k4.6k shares -1%
2025-06-05 Hellum Erik COO Sold 3,104 $7.00 $21.7k3.1k shares -<1%
2025-06-03 Hellum Erik COO Sold 17,305 $7.00 $121.1k17.3k shares -2%
2025-05-01 Schatz Scott EVP, Finance Op and Tech Bought 788 $6.57 $5.2k788 shares +2%

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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BECK MACK & OLIVER LLC 0.15% of their portfolio NEW YORK, NY 967,425967.4k $7.7m $7.7m 0.15% Added +23.7k +23,711
2 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 856,651856.7k $6.8m $6.8m 0.00% Added +130.5k +130,537
3 MSD CAPITAL, L.P. 3.71% of their portfolio NEW YORK, NY 727,024727.0k $5.8m $5.8m 3.71% Unchanged
4 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 577,708577.7k $4.6m $4.6m 0.00% Reduced -85.9k -85,896
5 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 472,852472.9k $3.7m $3.7m 0.00% Added +2.2k +2,200
6 JB CAPITAL PARTNERS LP 0.67% of their portfolio Armonk, NY 467,807467.8k $3.6m $3.6m 0.67% Unchanged
7 RBF Capital, LLC 0.17% of their portfolio RENO, NV 422,931422.9k $3.3m $3.3m 0.17% Added +379.0k +379,000
8 Access Investment Management LLC 0.90% of their portfolio ATLANTA, GA 399,490399.5k $3.2m $3.2m 0.90% First filing
9 GAMCO INVESTORS, INC. ET AL 0.03% of their portfolio GREENWICH, CT 383,107383.1k $3.0m $3.0m 0.03% Added +9.1k +9,075
10 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 244,800244.8k $1.9m $1.9m 0.00% Added +135.8k +135,800
11 BlackRock, Inc. 0.00% of their portfolio New York, NY 205,762205.8k $1.6m $1.6m 0.00% Reduced -662.4k -662,439
12 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 162,638162.6k $1.3m $1.3m 0.00% Added +74.5k +74,510
13 Truffle Hound Capital, LLC 0.78% of their portfolio BETHESDA, MD 150,000150.0k $1.2m $1.2m 0.78% New
14 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 133,623133.6k $1.1m $1.1m 0.00% Reduced -149.8k -149,849
15 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 133,073133.1k $1.1m $1.1m 0.00% Added +57.1k +57,069
16 Teton Advisors, Inc. 0.56% of their portfolio Rye, NY 117,000117.0k $925.5k $925.5k 0.56% Unchanged
17 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.02% of their portfolio HOUSTON, TX 110,072110.1k $870.7k $870.7k 0.02% Reduced -71.7k -71,741
18 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 105,647105.6k $835.7k $835.7k 0.00% Reduced -20.9k -20,914
19 Trexquant Investment LP 0.01% of their portfolio STAMFORD, CT 97,31697.3k $769.8k $769.8k 0.01% Added +41.6k +41,637
20 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 89,67489.7k $709.3k $709.3k 0.00% Reduced -182.0k -182,019
21 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 82,10782.1k $649.5k $649.5k 0.00% Added +31.8k +31,773
22 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 75,13175.1k $594.3k $594.3k 0.00% Added +74.7k +74,680
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 74,04074.0k $585.7k $585.7k 0.00% Reduced -12.3k -12,275
24 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 73,90873.9k $584.6k $584.6k 0.00% Added +15.9k +15,865
25 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 72,13972.1k $570.6k $570.6k 0.00% Reduced -138.8k -138,766
26 GSA CAPITAL PARTNERS LLP 0.04% of their portfolio LONDON, X0 71,57871.6k $566.0k $566.0k 0.04% Added +13.6k +13,636
27 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 60,49360.5k $478.5k $478.5k 0.00% Reduced -77.5k -77,546
28 Mork Capital Management, LLC 0.35% of their portfolio HEALDSBURG, CA 60,00060.0k $474.6k $474.6k 0.35% Unchanged
29 GABELLI FUNDS LLC 0.00% of their portfolio Rye, NY 57,50057.5k $454.8k $454.8k 0.00% Added +2.7k +2,700
30 Man Group plc 0.00% of their portfolio LONDON, X0 49,31149.3k $390.1k $390.1k 0.00% Added +12.3k +12,328
31 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 46,91746.9k $371.1k $371.1k 0.00% Added +34.9k +34,866
32 Janney Montgomery Scott LLC 0.00% of their portfolio PHILADELPHIA, PA 45,19645.2k $358.0k $358.0k 0.00% Added +156 +156
33 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 44,36644.4k $350.9k $350.9k 0.00% Reduced -16.2k -16,208
34 BOYAR ASSET MANAGEMENT INC. 0.22% of their portfolio NEW YORK, NY 42,54042.5k $336.5k $336.5k 0.22% Added +6.4k +6,387
35 Krilogy Financial LLC 0.02% of their portfolio ST. LOUIS, MO 40,01240.0k $316.5k $316.5k 0.02% Added +11 +11
36 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 38,55738.6k $303.0k $303.0k 0.00% Added +11.4k +11,449
37 FULLER & THALER ASSET MANAGEMENT, INC. 0.00% of their portfolio SAN MATEO, CA 38,29538.3k $302.9k $302.9k 0.00% Reduced -8.6k -8,600
38 Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio HONG KONG, K3 37,35537.4k $295.5k $295.5k 0.01% New
39 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 33,67533.7k $266.4k $266.4k 0.00% Reduced -14.4k -14,399
40 Hillsdale Investment Management Inc. 0.01% of their portfolio Toronto, A6 31,20031.2k $246.8k $246.8k 0.01% Unchanged
41 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 30,38330.4k $240.3k $240.3k 0.00% New
42 Corton Capital Inc. 0.26% of their portfolio Carrying Place, A6 28,70728.7k $227.1k $227.1k 0.26% New
43 Empowered Funds, LLC 0.00% of their portfolio NEWTOWN SQUARE, PA 23,77223.8k $188.0k $188.0k 0.00% Reduced -33.8k -33,841
44 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 23,52023.5k $186.0k $186.0k 0.00% New
45 Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio VANCOUVER, A1 19,95720.0k $157.9k $157.9k 0.00% New
46 O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.00% of their portfolio Stamford, CT 19,90919.9k $157.5k $157.5k 0.00% Added +1.3k +1,303
47 Aster Capital Management (DIFC) Ltd 0.03% of their portfolio DUBAI, C0 14,97015.0k $118.4k $118.4k 0.03% New
48 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 14,34714.3k $111.5k $111.5k 0.00% Added +3.7k +3,715
49 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 14,00814.0k $110.0k $110.0k 0.00% Added +9.6k +9,599
50 Jain Global LLC 0.00% of their portfolio NEW YORK, NY 12,91312.9k $102.1k $102.1k 0.00% New
51 OCCUDO QUANTITATIVE STRATEGIES LP 0.01% of their portfolio FORT LAUDERDALE, FL 12,79012.8k $101.2k $101.2k 0.01% New
52 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 12,03312.0k $95.2k $95.2k 0.00% New
53 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 11,50011.5k $91.0k $91.0k 0.00% Reduced -2.3k -2,300
54 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 10,64510.6k $84.2k $84.2k 0.00% Added +1.4k +1,360
55 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 10,18410.2k $80.6k $80.6k 0.00% Reduced -388 -388
56 Beacon Pointe Advisors, LLC 0.00% of their portfolio NEWPORT BEACH, CA 10,00010.0k $79.1k $79.1k 0.00% Unchanged
57 Copeland Capital Management, LLC 0.00% of their portfolio Conshohocken, PA 7,8597.9k $62.2k $62.2k 0.00% Added +1.1k +1,106
58 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 7,0537.1k $55.8k $55.8k 0.00% Reduced -7.9k -7,947
59 MEEDER ASSET MANAGEMENT INC 0.00% of their portfolio DUBLIN, OH 6,2946.3k $49.8k $49.8k 0.00% Unchanged
60 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 4,4694.5k $35.4k $35.4k 0.00% Added +3.3k +3,319
61 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 4,1864.2k $33.1k $33.1k 0.00% New
62 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,6813.7k $29.1k $29.1k 0.00% Reduced -5.7k -5,682
63 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 2,9743.0k $23.5k $23.5k 0.00% Reduced -3.3k -3,314
64 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 2,5002.5k $19.8k $19.8k 0.00% New
65 Colonial Trust Advisors 0.00% of their portfolio SPARTANBURG, SC 2,2602.3k $17.9k $17.9k 0.00% Added +24 +24
66 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 2,2522.3k $17.8k $17.8k 0.00% Reduced -402 -402
67 Larson Financial Group LLC 0.00% of their portfolio ST LOUIS, MO 2,0002.0k $15.8k $15.8k 0.00% Unchanged
68 BARTLETT & CO. WEALTH MANAGEMENT LLC 0.00% of their portfolio CINCINNATI, OH 2,0002.0k $15.8k $15.8k 0.00% Unchanged
69 FMR LLC 0.00% of their portfolio BOSTON, MA 759759 $6.0k $6.0k 0.00% Reduced -314 -314
70 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 686686 $5.4k $5.4k 0.00% Added +526 +526
71 JFS WEALTH ADVISORS, LLC 0.00% of their portfolio HERMITAGE, PA 665665 $5.3k $5.3k 0.00% Added +19 +19
72 CWM, LLC 0.00% of their portfolio OMAHA, NE 521521 $4.0k $4.0k 0.00% Added +409 +409
73 Parallel Advisors, LLC 0.00% of their portfolio SAN FRANCISCO, CA 394394 $3.1k $3.1k 0.00% Added +11 +11
74 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 292292 $2.3k $2.3k 0.00% Reduced -6.1k -6,117
75 LANARK FINANCIAL, INC. 0.00% of their portfolio BIRMINGHAM, AL 250250 $1.0k $1.0k 0.00% Unchanged
76 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 172172 $1.4k $1.4k 0.00% New
77 COMERICA BANK 0.00% of their portfolio DALLAS, TX 158158 $1.2k $1.2k 0.00% Reduced -21 -21
78 MAI Capital Management 0.00% of their portfolio INDEPENDENCE, OH 9090 $712 $712 0.00% New
79 Covestor Ltd 0.00% of their portfolio LONDON, X0 8181 $1.0k $1.0k 0.00% Added +11 +11
80 UBS Group AG 0.00% of their portfolio ZURICH, V8 4949 $388 $388 0.00% Reduced -6.3k -6,282
81 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 4141 $324 $324 0.00% New
82 GAMMA Investing LLC 0.00% of their portfolio FOSTER CITY, CA 4141 $324 $324 0.00% Reduced -46 -46
83 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 3838 $301 $301 0.00% Reduced -202 -202
84 Essential Partners LLC 0.00% of their portfolio RANCHO SANTA FE, CA 1616 $127 $127 0.00% First filing
85 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 66 $47 $47 0.00% Unchanged
86 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 33 $24 $24 0.00% Added +2 +2
87 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged
88 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 00 $230 $230 0.00% Reduced -1 -1