Nexstar Media Group, Inc.

NXST • NASDAQ

Nexstar Media Group, Inc. is a entertainment company in the communication services sector on NASDAQ, led by Perry A. Sook, with a market cap of $6.2B. As of Q3 2025, 102% of shares are held by 484 institutional investors, with BlackRock, Inc. as the largest holder at 10.22%.

Chief Executive OfficerPerry A. Sook

Market Cap$6.2B

Entertainment

Communication Services

Employees13.3K

Websitenexstar.tv

Country

United States of America

Overview

Overview of institutional ownership in NXST as of Q3 2025 with a market cap of $6.0B

All Institutions

Institutions: 484
Value Held: $6.1B
Shares Held: 31.1M
Avg Position: $12.7M
Median Position: $634.5K

Hedge Funds

Hedge Funds: 38
Value Held: $410.0M
Shares Held: 2.1M
Avg Position: $10.8M
Median Position: $1.7M

Ownership Breakdown

Institutional (non-HF)

95.58%

$5.7B

Hedge Funds

6.84%

$410.0M

Retail & Other

Based on market cap of $6.0B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in NXST as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$612.8M 0.01% of portfolio	10.22% 3.1M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$606.1M 0.01% of portfolio	10.11% 3.1M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$275.1M 0.06% of portfolio	4.59% 1.4M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
SCHWAB CHARLES INVESTMENT MANAGEMENT INC Long Only Manager	Omar Aguilar Chavez CEO	$229.1M 0.04% of portfolio	3.82% 1.2M shares	≤ Q2 2013 Held for 12y 5m+	$620.51B
L LSV ASSET MANAGEMENT Long Only Manager	Josef Nmn Lakonishok CEO	$228.9M 0.51% of portfolio	3.82% 1.2M shares	Q4 2020 Held for 4y 11m	$45.1B
N Neuberger Berman Group LLC Institution	-	$214.3M 0.16% of portfolio	3.58% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$136.94B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$176.5M 0.01% of portfolio	2.94% 892.7K shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
R ROYAL BANK OF CANADA Institution	-	$176.1M 0.03% of portfolio	2.94% 890.6K shares	≤ Q2 2013 Held for 12y 5m+	$542.04B
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	Raife Brandon Giovinazzo Managing Partner	$171.1M 0.58% of portfolio	2.85% 865.2K shares	Q1 2021 Held for 4y 8m	$29.4B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$150.4M 0.01% of portfolio	2.51% 760.4K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T

Net Capital Flow

Institutional buying and selling activity for NXST in Q3 2025

Traded: +$230.3M
Buyers: 257
Sellers: 204
Total Bought: +$694.5M
Total Sold: −$464.2M
Avg Position: $11.6M

Biggest Buyers

Institution	Net Bought	Current Position
HENDERSON GROUP PLC Institution	+$105.2M +532.0K shares	$117.1M 592.2K shares
D Dorsal Capital Management, LLC Hedge Fund•Long/Short	+$74.2M +375.0K shares	$74.2M 375.0K shares
JPMORGAN CHASE & CO Institution	+$45.2M +228.6K shares	$74.0M 374.0K shares
GOLDMAN SACHS GROUP INC Institution	+$40.3M +203.9K shares	$80.3M 406.0K shares
HENNESSY ADVISORS INC Institution	+$40.0M +202.4K shares	$40.0M 202.4K shares
PRINCIPAL FINANCIAL GROUP INC Institution	+$37.3M +188.7K shares	$96.6M 488.3K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$30.4M +153.4K shares	$150.4M 760.4K shares
P Pacer Advisors, Inc. Institution	+$25.8M +130.3K shares	$85.2M 430.9K shares
R ROYAL BANK OF CANADA Institution	+$25.2M +127.5K shares	$176.1M 890.6K shares
HALLMARK CAPITAL MANAGEMENT INC RIA/Wealth	+$21.4M +108.1K shares	$21.4M 108.1K shares

Biggest Sellers

Institution	Net Sold	Current Position
FMR LLC Institution	−$47.7M −241.4K shares	$124.6M 630.3K shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	−$41.3M −208.7K shares	$133.2M 673.6K shares
N Neuberger Berman Group LLC Institution	−$39.5M −199.6K shares	$214.3M 1.1M shares
Channing Capital Management, LLC Long Only Manager	−$25.7M −130.2K shares	$70.5M 356.7K shares
B BROWN ADVISORY INC RIA/Wealth	−$23.8M −120.2K shares	$40.7M 205.7K shares
M Man Group plc Institution	−$22.7M −131.2K shares	Sold Off 0 shares
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	−$22.4M −113.4K shares	$39.6M 200.5K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$17.5M −101.3K shares	Sold Off 0 shares
UBS Group AG Institution	−$15.2M −77.0K shares	$111.3M 562.6K shares
Marshall Wace LLP Institution	−$11.8M −59.7K shares	$19.9M 100.5K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited NXST in Q3 2025

New Positions: 30
New Value: $165.7M
Exited Positions: 45
Exited Value: $109.6M

New Positions

Institution	Position Value
D Dorsal Capital Management, LLC Hedge Fund•Long/Short	$74.2M 375.0K shares
HENNESSY ADVISORS INC Institution	$40.0M 202.4K shares
HALLMARK CAPITAL MANAGEMENT INC RIA/Wealth	$21.4M 108.1K shares
D DME Capital Management, LP Hedge Fund•Long/Short	$14.6M 73.9K shares
B BRITISH COLUMBIA INVESTMENT MANAGEMENT CORP RIA/Wealth	$9.6M 48.6K shares
CONSOLIDATED PLANNING CORP RIA/Wealth	$2.2M 11.2K shares
E Equity Wealth Partners, LLC RIA/Wealth	$1.1M 5.6K shares
GREENWOOD CAPITAL ASSOCIATES LLC RIA/Wealth	$884.3K 4.5K shares
AI Financial Services LLC RIA/Wealth	$574.7K 2.9K shares
ARISTEIA CAPITAL LLC Hedge Fund•Multi-Strategy	$239.9K 1.2K shares

Exited Positions

Institution	Previous Position
M Man Group plc Institution	$22.7M 131.2K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$17.5M 101.3K shares
L Long Focus Capital Management, LLC Hedge Fund•Global Macro	$10.5M 60.5K shares
Q Qube Research & Technologies Ltd Institution	$8.2M 47.3K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$7.7M 44.3K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$7.0M 40.6K shares
J JANE STREET GROUP, LLC Institution	$6.4M 37.3K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	$5.1M 29.7K shares
B Brevan Howard Capital Management LP Institution	$3.1M 18.2K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$3.0M 17.5K shares

Options Activity

Institutions with the largest Call and Put options positions in NXST as of Q3 2025

Call Positions: 8
Call Value: $10.1M
Put Positions: 8
Put Value: $62.7M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$6.1M 306.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.3M 117.0 contracts
J JANE STREET GROUP, LLC Institution	$949.2K 48.0 contracts
W WOLVERINE TRADING, LLC Institution	$792.4K 40.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	- - contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts
P PEAK6 LLC Institution	- - contracts
Walleye Trading LLC RIA/Wealth	- - contracts

Put Positions

Institution	Position Value
QVT Financial LP Hedge Fund•Multi-Strategy	$30.7M 1.6K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$16.5M 835.0 contracts
Walleye Trading LLC RIA/Wealth	$7.9M 402.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$5.5M 279.0 contracts
J JANE STREET GROUP, LLC Institution	$1.1M 56.0 contracts
W WOLVERINE TRADING, LLC Institution	$911.3K 46.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	- - contracts
P PEAK6 LLC Institution	- - contracts

Most Committed Institutions

Institutions with NXST as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
AMERICAN FINANCIAL GROUP INC Institution	S. Craig Lindner CEO	17.74% $45.0M	0.75% 227.5K shares	Q4 2017 Held for 7y 11m	$253.5M
Crawford Fund Management, LLC Hedge Fund•Long/Short	Christopher Leigh Crawford Managing Partner	6.13% $11.3M	0.19% 57.3K shares	Q4 2023 Held for 1y 11m	$185.0M
CAPITAL MANAGEMENT CORP /VA RIA/Wealth	Pamela Catherine Simms President	4.89% $31.1M	0.52% 157.5K shares	Q4 2022 Held for 2y 11m	$636.3M
Engine Capital Management, LLC Hedge Fund•Event Driven	Marc Stephen Diagonale CFO	4.68% $39.4M	0.66% 199.2K shares	Q4 2015 Held for 9y 11m	$842.2M
Fairbanks Capital Management, Inc. RIA/Wealth	Christopher George Cousins President	4.27% $7.9M	0.13% 39.8K shares	Q3 2017 Held for 8y 2m	$184.6M
BRUNI J V & CO /CO RIA/Wealth	John Roy Brock President	3.82% $37.8M	0.63% 191.2K shares	Q3 2022 Held for 3y 2m	$990.7M
Momentum Wealth Planning, LLC RIA/Wealth	David Ernest Flanders Managing Partner	2.58% $3.2M	0.05% 16.2K shares	Q2 2025 Held for 5 months	$124.2M
GROESBECK INVESTMENT MANAGEMENT CORP /NJ/ RIA/Wealth	Theodore M Groesbeck President	2.18% $1.1M	0.02% 5.7K shares	Q1 2021 Held for 4y 8m	$51.3M
D Dorsal Capital Management, LLC Hedge Fund•Long/Short	Ryan David Frick CIO	2.00% $74.2M	1.24% 375.0K shares	Q3 2025 Held for 2 months	$3.7B
Phocas Financial Corp. Long Only Manager	William Franz Kim Schaff CEO	1.96% $15.1M	0.25% 76.4K shares	Q1 2017 Held for 8y 8m	$771.4M

Hedge Fund Spotlight

Discover hedge funds investing in NXST

CITADEL ADVISORS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerKenneth Cordele Griffin

Portfolio Value: $122.08B
Positions: 5,531
Last Reported: Q3 2025

Sector Allocation

Position in Nexstar Media Group, Inc.

Market Value: $801.6K
Shares Held: 4.1K
Portfolio Weight: 0.00%
Owned Since: 2013-Q2

Top Holding	Sector	Market Value	Weight
1 Microsoft MSFT	Software - Infrastructure Technology	$2.1B	1.68%
2 Nvidia NVDA	Semiconductors Technology	$1.8B	1.50%
3 Meta Platforms, Inc. META	Internet Content & Information Communication Services	$1.4B	1.18%