Saga Communications

SGA • NASDAQ

Saga Communications is a broadcasting company in the communication services sector on NASDAQ, led by Christopher Forgy, with a market cap of $75.3M. As of Q3 2025, 56% of shares are held by 28 institutional investors, with TOWERVIEW LLC as the largest holder at 18.03%.

President and Chief Executive OfficerChristopher Forgy

Market Cap$75.3M

Broadcasting

Communication Services

Employees833.0

Websitesagacom.com

Country

United States of America

Overview

Overview of institutional ownership in SGA as of Q3 2025 with a market cap of $80.1M

All Institutions

Institutions: 28
Value Held: $44.7M
Shares Held: 3.6M
Avg Position: $1.6M
Median Position: $236.0K

Hedge Funds

Hedge Funds: 3
Value Held: $15.0M
Shares Held: 1.2M
Avg Position: $5.0M
Median Position: $2.8M

Ownership Breakdown

Institutional (non-HF)

37.04%

$29.7M

Hedge Funds

18.73%

$15.0M

Retail & Other

44.23%

$35.4M

Based on market cap of $80.1M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in SGA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
T TOWERVIEW LLC Institution	-	$14.4M 10.51% of portfolio	18.03% 1.2M shares	≤ Q2 2013 Held for 12y 5m+	$137.4M
G GATE CITY CAPITAL MANAGEMENT, LLC Hedge Fund•Value	Michael Thomas Melby Managing Partner	$10.7M 5.48% of portfolio	13.41% 863.8K shares	Q4 2023 Held for 1y 11m	$196.1M
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$4.4M 0.00% of portfolio	5.55% 357.4K shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
M Minerva Advisors LLC Hedge Fund•Value	David Peter Cohen President	$2.8M 1.79% of portfolio	3.52% 226.7K shares	Q3 2014 Held for 11y 2m	$157.5M
VANGUARD GROUP INC Institution	Salim Ramji CEO	$2.6M 0.00% of portfolio	3.19% 205.4K shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
P Peapod Lane Capital LLC Institution	-	$2.3M 2.03% of portfolio	2.83% 182.6K shares	Q4 2024 Held for 11 months	$111.8M
B BlackRock, Inc. Institution	-	$1.6M 0.00% of portfolio	2.00% 128.7K shares	Q1 2016 Held for 9y 8m	$5.67T
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$1.4M 0.00% of portfolio	1.80% 115.8K shares	≤ Q2 2013 Held for 12y 5m+	$75.8B
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	John Noland Ryan Montgomery CEO	$890.4K 0.02% of portfolio	1.11% 71.6K shares	≤ Q2 2013 Held for 12y 5m+	$4.7B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$714.8K 0.00% of portfolio	0.89% 57.4K shares	≤ Q2 2013 Held for 12y 5m+	$1.57T

Net Capital Flow

Institutional buying and selling activity for SGA in Q3 2025

Traded: −$744.9K
Buyers: 6
Sellers: 15
Total Bought: +$244.1K
Total Sold: −$989.0K
Avg Position: $1.4M

Biggest Buyers

Institution	Net Bought	Current Position
BANK OF AMERICA CORP /DE/ Institution	+$210.2K +16.9K shares	$210.9K 17.0K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	+$14.9K +1.2K shares	$1.4M 115.8K shares
Empowered Funds, LLC ETF Provider	+$14.2K +1.1K shares	$398.1K 32.0K shares
A Advisor Group Holdings, Inc. Institution	+$2.6K +-3.8K shares	$2.6K 206.0 shares
Triumph Capital Management RIA/Wealth	+$2.1K +166.0 shares	$2.1K 166.0 shares
T Tower Research Capital LLC Institution	+$174.2 +14.0 shares	$3.8K 308.0 shares

Biggest Sellers

Institution	Net Sold	Current Position
R ROYAL BANK OF CANADA Institution	−$278.2K −21.4K shares	Sold Off 0 shares
P Peapod Lane Capital LLC Institution	−$266.2K −21.4K shares	$2.3M 182.6K shares
Krilogy Financial LLC RIA/Wealth	−$260.0K −20.0K shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$45.7K −3.7K shares	$139.6K 11.2K shares
UBS Group AG Institution	−$41.8K −3.4K shares	$79.8K 6.4K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	−$19.6K −1.5K shares	Sold Off 0 shares
CITIGROUP INC Institution	−$17.1K −1.4K shares	$22.1K 1.8K shares
DIMENSIONAL FUND ADVISORS LP Long Only Manager	−$13.8K −1.1K shares	$4.4M 357.4K shares
A Arlington Trust Co LLC Institution	−$13.0K −1.0K shares	Sold Off 0 shares
B BlackRock, Inc. Institution	−$12.9K −1.0K shares	$1.6M 128.7K shares

Entry and Exit Activity

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

New Positions: 1
New Value: $2.1K
Exited Positions: 4
Exited Value: $570.8K

New Positions

Institution	Position Value
Triumph Capital Management RIA/Wealth	$2.1K 166.0 shares

Exited Positions

Institution	Previous Position
R ROYAL BANK OF CANADA Institution	$278.2K 21.4K shares
Krilogy Financial LLC RIA/Wealth	$260.0K 20.0K shares
RAYMOND JAMES FINANCIAL INC RIA/Wealth	$19.6K 1.5K shares
A Arlington Trust Co LLC Institution	$13.0K 1.0K shares

Options Activity

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

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
T TOWERVIEW LLC Institution	-	10.51% $14.4M	18.03% 1.2M shares	≤ Q2 2013 Held for 12y 5m+	$137.4M
G GATE CITY CAPITAL MANAGEMENT, LLC Hedge Fund•Value	Michael Thomas Melby Managing Partner	5.48% $10.7M	13.41% 863.8K shares	Q4 2023 Held for 1y 11m	$196.1M
P Peapod Lane Capital LLC Institution	-	2.03% $2.3M	2.83% 182.6K shares	Q4 2024 Held for 11 months	$111.8M
M Minerva Advisors LLC Hedge Fund•Value	David Peter Cohen President	1.79% $2.8M	3.52% 226.7K shares	Q3 2014 Held for 11y 2m	$157.5M
M Mork Capital Management Institution	-	0.43% $622.0K	0.78% 50.0K shares	Q3 2021 Held for 4y 2m	$145.1M
Aristides Capital LLC Real Assets	Marc Jeffrey Rowan CEO	0.05% $151.3K	0.19% 12.2K shares	Q3 2022 Held for 3y 2m	$331.2M
B BRIDGEWAY CAPITAL MANAGEMENT INC Long Only Manager	John Noland Ryan Montgomery CEO	0.02% $890.4K	1.11% 71.6K shares	≤ Q2 2013 Held for 12y 5m+	$4.7B
Empowered Funds, LLC ETF Provider	Wesley Robert Gray CEO	0.00% $398.1K	0.50% 32.0K shares	Q2 2023 Held for 2y 5m	$9.9B
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	0.00% $1.4M	1.80% 115.8K shares	≤ Q2 2013 Held for 12y 5m+	$75.8B
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	0.00% $4.4M	5.55% 357.4K shares	≤ Q2 2013 Held for 12y 5m+	$466.32B

Hedge Fund Spotlight

Discover hedge funds investing in SGA

GATE CITY CAPITAL MANAGEMENT, LLC

Hedge Fund • Value

Portfolio ManagerMichael Thomas Melby

Portfolio Value: $196.1M
Positions: 14
Last Reported: Q3 2025

Sector Allocation

Position in Saga Communications

Market Value: $10.7M
Shares Held: 863.8K
Portfolio Weight: 5.48%
Owned Since: 2023-Q4

Top Holding	Sector	Market Value	Weight
1 Alico ALCO	Agricultural Farm Products Consumer Defensive	$43.6M	22.24%
2 Peabody Energy BTU	Coal Energy	$28.9M	14.76%
3 Entravision Communications, Inc. EVC	Broadcasting Communication Services	$27.0M	13.78%