Tegna

TGNA • NYSE

Tegna is a broadcasting company in the communication services sector on NYSE, led by Michael F. Steib, with a market cap of $3.1B. As of Q3 2025, 94% of shares are held by 347 institutional investors, with BlackRock, Inc. as the largest holder at 15.99%.

CEOMichael F. Steib

Market Cap$3.1B

Broadcasting

Communication Services

Employees6.2K

Websitetegna.com

Country

United States of America

Overview

Overview of institutional ownership in TGNA as of Q3 2025 with a market cap of $3.3B

All Institutions

Institutions: 347
Value Held: $3.1B
Shares Held: 150.5M
Avg Position: $8.8M
Median Position: $708.7K

Hedge Funds

Hedge Funds: 45
Value Held: $391.5M
Shares Held: 19.2M
Avg Position: $8.7M
Median Position: $2.4M

Ownership Breakdown

Institutional (non-HF)

81.55%

$2.7B

Hedge Funds

11.96%

$391.5M

Retail & Other

6.5%

$212.6M

Based on market cap of $3.3B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in TGNA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BlackRock, Inc. Institution	Laurence D. Fink CEO	$523.5M 0.01% of portfolio	15.99% 25.7M shares	≤ Q2 2013 Held for 12y 6m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$378.4M 0.01% of portfolio	11.56% 18.6M shares	≤ Q2 2013 Held for 12y 6m+	$6.69T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$204.0M 0.04% of portfolio	6.23% 10.0M shares	≤ Q2 2013 Held for 12y 6m+	$466.34B
L LSV ASSET MANAGEMENT Long Only Manager	Josef Nmn Lakonishok CEO	$145.8M 0.32% of portfolio	4.45% 7.2M shares	≤ Q2 2013 Held for 12y 6m+	$45.1B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$130.1M 0.00% of portfolio	3.95% 6.4M shares	≤ Q2 2013 Held for 12y 6m+	$2.88T
F FIL Ltd Institution	-	$125.1M 0.10% of portfolio	3.82% 6.2M shares	Q3 2025 Held for 3 months	$127.75B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$102.5M 0.01% of portfolio	3.13% 5.0M shares	≤ Q2 2013 Held for 12y 6m+	$1.57T
Magnetar Financial LLC Hedge Fund•Multi-Strategy	David Jay Snyderman CEO	$84.2M 0.55% of portfolio	2.57% 4.1M shares	Q2 2025 Held for 6 months	$15.4B
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	Raife Brandon Giovinazzo Managing Partner	$70.1M 0.24% of portfolio	2.14% 3.4M shares	Q3 2019 Held for 6y 3m	$29.4B
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$50.1M 0.01% of portfolio	1.53% 2.5M shares	≤ Q2 2013 Held for 12y 6m+	$782.03B

Net Capital Flow

Institutional buying and selling activity for TGNA in Q3 2025

Traded: +$14.1M
Buyers: 159
Sellers: 198
Total Bought: +$668.5M
Total Sold: −$654.5M
Avg Position: $7.4M

Biggest Buyers

Institution	Net Bought	Current Position
F FIL Ltd Institution	+$125.1M +6.2M shares	$125.1M 6.2M shares
Magnetar Financial LLC Hedge Fund•Multi-Strategy	+$82.9M +4.1M shares	$84.2M 4.1M shares
Pentwater Capital Management LP Hedge Fund•Event Driven	+$47.3M +2.3M shares	$47.3M 2.3M shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	+$38.6M +1.9M shares	$42.5M 2.1M shares
Fort Baker Capital Management LP Hedge Fund•Quant Macro	+$34.3M +1.7M shares	$34.3M 1.7M shares
WATER ISLAND CAPITAL LLC Hedge Fund•Event Driven	+$24.9M +1.2M shares	$24.9M 1.2M shares
Westchester Capital Management, LLC Hedge Fund•Merger Arb	+$24.2M +1.2M shares	$24.2M 1.2M shares
Q Qube Research & Technologies Ltd Institution	+$23.8M +1.2M shares	$39.9M 2.0M shares
Calamos Advisors LLC Long Only Manager	+$23.3M +1.1M shares	$23.3M 1.1M shares
H HSBC HOLDINGS PLC Institution	+$17.6M +865.2K shares	$21.6M 1.1M shares

Biggest Sellers

Institution	Net Sold	Current Position
VANGUARD GROUP INC Institution	−$119.7M −5.9M shares	$378.4M 18.6M shares
WASATCH ADVISORS INC Long Only Manager	−$54.3M −3.2M shares	Sold Off 0 shares
Robeco Investment Management, Inc. Long Only Manager	−$40.0M −2.4M shares	Sold Off 0 shares
R ROYCE & ASSOCIATES LLC Institution	−$38.5M −1.9M shares	$29.0M 1.4M shares
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	−$32.7M −1.6M shares	$70.1M 3.4M shares
$DEUTSCHE BANK AG\ logo$ DEUTSCHE BANK AG\ Institution	−$22.6M −1.1M shares	$6.7M 332.0K shares
STATE STREET CORP Institution	−$21.7M −1.1M shares	$130.1M 6.4M shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	−$18.7M −1.1M shares	Sold Off 0 shares
CAPITAL MANAGEMENT CORP /VA RIA/Wealth	−$16.9M −829.3K shares	$1.9M 91.5K shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$16.5M −811.9K shares	$2.6M 128.1K shares

Entry and Exit Activity

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

New Positions: 17
New Value: $57.1M
Exited Positions: 66
Exited Value: $205.4M

New Positions

Institution	Position Value
Fort Baker Capital Management LP Hedge Fund•Quant Macro	$34.3M 1.7M shares
S SOROS FUND MANAGEMENT LLC Institution	$9.6M 474.5K shares
A ABC ARBITRAGE SA Institution	$6.3M 309.5K shares
C Carmignac Gestion Institution	$2.5M 123.7K shares
Morningstar Investment Management LLC Long Only Manager	$2.0M 100.7K shares
Lighthouse Investment Partners, LLC Fund of Funds	$1.3M 61.9K shares
Banco BTG Pactual S.A. Private Equity	$336.2K 16.5K shares
E EVERGREEN CAPITAL MANAGEMENT LLC Institution	$222.9K 10.9K shares
R Rangeley Capital, LLC Hedge Fund•Event Driven	$203.3K 10.0K shares
R RSM US WEALTH MANAGEMENT LLC RIA/Wealth	$202.2K 9.9K shares

Exited Positions

Institution	Previous Position
WASATCH ADVISORS INC Long Only Manager	$54.3M 3.2M shares
Robeco Investment Management, Inc. Long Only Manager	$40.0M 2.4M shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$18.7M 1.1M shares
M M&G Plc Institution	$11.0M 649.2K shares
Edgestream Partners, L.P. Hedge Fund•Quant Macro	$7.5M 446.5K shares
DENALI ADVISORS LLC Long Only Manager	$6.4M 383.9K shares
R Robeco Institutional Asset Management B.V. Institution	$5.7M 341.5K shares
Hillsdale Investment Management Inc. Long Only Manager	$5.3M 317.5K shares
JUPITER ASSET MANAGEMENT LTD Long Only Manager	$5.2M 312.2K shares
A AXA Institution	$5.0M 297.0K shares

Options Activity

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

Call Positions: 11
Call Value: $33.1M
Put Positions: 7
Put Value: $9.8M

Call Positions

Institution	Position Value
Fort Baker Capital Management LP Hedge Fund•Quant Macro	$11.0M 5.4K contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$6.6M 3.2K contracts
Walleye Trading LLC RIA/Wealth	$5.7M 2.8K contracts
Caption Management, LLC Hedge Fund•Long/Short	$4.1M 2.0K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.1M 1.0K contracts
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	$2.0M 1.0K contracts
UBS Group AG Institution	$1.0M 500.0 contracts
W WOLVERINE TRADING, LLC Institution	$286.6K 142.0 contracts
J JANE STREET GROUP, LLC Institution	$258.2K 127.0 contracts
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	- - contracts

Put Positions

Institution	Position Value
Walleye Trading LLC RIA/Wealth	$2.1M 1.1K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.9M 942.0 contracts
N NOMURA HOLDINGS INC Institution	$1.8M 900.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.7M 856.0 contracts
Caption Management, LLC Hedge Fund•Long/Short	$1.0M 500.0 contracts
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$780.7K 384.0 contracts
W WOLVERINE TRADING, LLC Institution	$381.4K 189.0 contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Fort Baker Capital Management LP Hedge Fund•Quant Macro	Sanjiv Kumar Founder	7.14% $34.3M	1.04% 1.7M shares	Q3 2025 Held for 3 months	$480.5M
H HARVEST MANAGEMENT LLC Hedge Fund•Event Driven	Nathaniel Lee Bohrer Managing Partner	5.39% $11.0M	0.33% 539.0K shares	Q3 2025 Held for 3 months	$203.3M
Vision One Management Partners, LP Hedge Fund•Activist	Courtney Richard Mather CEO	5.12% $8.1M	0.25% 400.5K shares	Q1 2024 Held for 1y 9m	$158.9M
WATER ISLAND CAPITAL LLC Hedge Fund•Event Driven	John Sabbott Orrico CIO	3.88% $24.9M	0.76% 1.2M shares	Q3 2025 Held for 3 months	$641.5M
B BCK CAPITAL MANAGEMENT LP Hedge Fund•Event Driven	Wayne Wei-Yin Yu CEO	2.24% $2.0M	0.06% 95.9K shares	Q3 2025 Held for 3 months	$86.9M
Westchester Capital Management, LLC Hedge Fund•Merger Arb	George Robert Aylward CEO	1.33% $24.2M	0.74% 1.2M shares	Q3 2025 Held for 3 months	$1.8B
K Keebeck Alpha, LP Hedge Fund	Thong Huy Nguyen CIO	1.04% $746.6K	0.02% 36.7K shares	Q1 2023 Held for 2y 9m	$71.9M
GABELLI SECURITIES INC Hedge Fund•Multi-Strategy	Patrick Bernard Huvane CEO	1.04% $6.3M	0.19% 311.0K shares	Q4 2021 Held for 4 years	$610.0M
TIG Advisors, LLC Hedge Fund•Multi-Strategy	Kevin Patrick Moran President	0.99% $15.9M	0.49% 782.7K shares	Q3 2025 Held for 3 months	$1.6B
ALPINE ASSOCIATES MANAGEMENT INC. Hedge Fund•Merger Arb	Robert Emil Zoellner CEO	0.95% $15.6M	0.48% 768.4K shares	Q3 2025 Held for 3 months	$1.6B

Hedge Fund Spotlight

Discover hedge funds investing in TGNA

Diametric Capital, LP

Hedge Fund • Long/Short

Portfolio ManagerDavid Richard Salvietti

Portfolio Value: $264.8M
Positions: 367
Last Reported: Q3 2025

Sector Allocation

Position in Tegna

Market Value: $597.1K
Shares Held: 29.4K
Portfolio Weight: 0.23%
Owned Since: 2025-Q3

Top Holding	Sector	Market Value	Weight
1 BitMine Immersion Technologies, Inc. BMNR	Unknown Unknown	$13.0M	4.90%
2 ALT5 Sigma Corporation ALTS	Unknown Unknown	$9.5M	3.60%
3 Invesco S&P 500 Low Volatility SPLV	ETF ETF	$8.8M	3.31%