Townsquare Media

TSQ • NYSE

Townsquare Media is a advertising agencies company in the communication services sector on NYSE, led by Erik Hellum, with a market cap of $89.5M. As of Q3 2025, 47% of shares are held by 76 institutional investors, with BECK MACK & OLIVER LLC as the largest holder at 6.01%.

Chief Executive OfficerErik Hellum

Market Cap$89.5M

Advertising Agencies

Communication Services

Employees2.2K

Websitetownsquaremedia.com

Country

United States of America

Overview

Overview of institutional ownership in TSQ as of Q3 2025 with a market cap of $110.5M

All Institutions

Institutions: 76
Value Held: $52.4M
Shares Held: 7.8M
Avg Position: $689.4K
Median Position: $208.2K

Hedge Funds

Hedge Funds: 12
Value Held: $12.3M
Shares Held: 1.8M
Avg Position: $1.0M
Median Position: $591.4K

Ownership Breakdown

Institutional (non-HF)

36.29%

$40.1M

Hedge Funds

11.12%

$12.3M

Retail & Other

52.59%

$58.1M

Based on market cap of $110.5M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in TSQ as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
BECK MACK & OLIVER LLC Long Only Manager	John Clyde Ellis Managing Partner	$6.6M 0.12% of portfolio	6.01% 988.6K shares	Q3 2016 Held for 9y 2m	$5.3B
A AMERICAN CENTURY COMPANIES INC Institution	-	$5.8M 0.00% of portfolio	5.21% 857.6K shares	Q3 2014 Held for 11y 2m	$195.93B
M MSD CAPITAL L P Institution	-	$4.9M 4.71% of portfolio	4.42% 727.0K shares	Q3 2014 Held for 11y 2m	$103.7M
VANGUARD GROUP INC Institution	Salim Ramji CEO	$3.9M 0.00% of portfolio	3.51% 576.5K shares	Q3 2014 Held for 11y 2m	$6.69T
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	Peter Fitzhugh Brown CEO	$3.2M 0.00% of portfolio	2.88% 473.7K shares	Q1 2016 Held for 9y 8m	$75.8B
J JB CAPITAL PARTNERS LP Hedge Fund•Value	Alan Wayne Weber CCO	$3.1M 0.52% of portfolio	2.84% 467.8K shares	Q1 2021 Held for 4y 8m	$584.1M
R RBF Capital, LLC Institution	-	$2.8M 0.13% of portfolio	2.57% 422.9K shares	Q2 2018 Held for 7y 5m	$2.2B
Access Investment Management LLC RIA/Wealth	William Robert Casey CCO	$2.7M 0.72% of portfolio	2.41% 396.5K shares	Q2 2025 Held for 5 months	$372.1M
G GAMCO INVESTORS, INC. ET AL Institution	-	$2.4M 0.02% of portfolio	2.14% 352.3K shares	Q4 2016 Held for 8y 11m	$10.3B
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	Scott David Hoffman CEO	$1.5M 0.00% of portfolio	1.37% 225.8K shares	Q2 2021 Held for 4y 5m	$50.0B

Net Capital Flow

Institutional buying and selling activity for TSQ in Q3 2025

Traded: −$2.0M
Buyers: 35
Sellers: 46
Total Bought: +$2.2M
Total Sold: −$4.2M
Avg Position: $551.5K

Biggest Buyers

Institution	Net Bought	Current Position
ACADIAN ASSET MANAGEMENT LLC Long Only Manager	+$518.4K +77.1K shares	$777.5K 115.7K shares
L LPL Financial LLC Institution	+$226.9K +33.8K shares	$226.9K 33.8K shares
Connor, Clark & Lunn Investment Management Ltd. Long Only Manager	+$200.1K +29.8K shares	$334.2K 49.7K shares
Krilogy Financial LLC RIA/Wealth	+$199.0K +32.0K shares	$447.8K 72.0K shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$164.9K +24.5K shares	$369.1K 54.9K shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	+$144.2K +21.5K shares	$144.2K 21.5K shares
BECK MACK & OLIVER LLC Long Only Manager	+$142.3K +21.2K shares	$6.6M 988.6K shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$75.8K +11.3K shares	$973.9K 144.9K shares
ALGERT COLDIRON INVESTORS LLC Hedge Fund•Quant	+$72.4K +10.8K shares	$72.4K 10.8K shares
AlphaCore Capital LLC Real Assets	+$68.6K +10.2K shares	$68.6K 10.2K shares

Biggest Sellers

Institution	Net Sold	Current Position
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$510.2K −75.9K shares	$582.7K 86.7K shares
Marshall Wace LLP Institution	−$311.9K −46.4K shares	$239.9K 35.7K shares
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	−$302.9K −38.3K shares	Sold Off 0 shares
Y Y-Intercept Ltd Institution	−$295.5K −37.4K shares	Sold Off 0 shares
GOLDMAN SACHS GROUP INC Institution	−$292.8K −43.6K shares	$309.8K 46.1K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$251.7K −37.5K shares	$253.1K 37.7K shares
M Man Group plc Institution	−$230.3K −34.3K shares	$101.1K 15.0K shares
G GAMCO INVESTORS, INC. ET AL Institution	−$206.7K −30.8K shares	$2.4M 352.3K shares
NORTHERN TRUST CORP Institution	−$146.7K −21.8K shares	$259.8K 38.7K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	−$127.7K −19.0K shares	$1.5M 225.8K shares

Entry and Exit Activity

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

New Positions: 7
New Value: $387.7K
Exited Positions: 18
Exited Value: $1.6M

New Positions

Institution	Position Value
L LPL Financial LLC Institution	$226.9K 33.8K shares
AlphaCore Capital LLC Real Assets	$68.6K 10.2K shares
C Cubist Systematic Strategies, LLC Institution	$58.4K 8.7K shares
P Point72 Asia Pte. Ltd. Institution	$32.0K 4.8K shares
O Optiver Holding B.V. Institution	$1.2K 174.0 shares
Point72 Ltd RIA/Wealth	$625.0 93.0 shares
SRS Capital Advisors, Inc. RIA/Wealth	$26.0 4.0 shares

Exited Positions

Institution	Previous Position
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	$302.9K 38.3K shares
Y Y-Intercept Ltd Institution	$295.5K 37.4K shares
Aster Capital Management Ltd RIA/Wealth	$118.4K 15.0K shares
H HSBC HOLDINGS PLC Institution	$111.5K 14.3K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$102.1K 12.9K shares
OCCUDO QUANTITATIVE STRATEGIES LP Hedge Fund•Market Neutral	$101.2K 12.8K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	$95.2K 12.0K shares
STATE OF WISCONSIN INVESTMENT BOARD RIA/Wealth	$91.0K 11.5K shares
Engineers Gate Manager LP Hedge Fund•Quant	$80.6K 10.2K shares
Beacon Pointe Advisors, LLC RIA/Wealth	$79.1K 10.0K shares

Options Activity

Institutions with the largest Call and Put options positions in TSQ 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 TSQ as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
M MSD CAPITAL L P Institution	-	4.71% $4.9M	4.42% 727.0K shares	Q3 2014 Held for 11y 2m	$103.7M
T Truffle Hound Capital, LLC Hedge Fund•Long/Short	Stephen Raymond Bauer CEO	0.81% $1.0M	0.91% 150.0K shares	Q2 2025 Held for 5 months	$124.6M
Access Investment Management LLC RIA/Wealth	William Robert Casey CCO	0.72% $2.7M	2.41% 396.5K shares	Q2 2025 Held for 5 months	$372.1M
J JB CAPITAL PARTNERS LP Hedge Fund•Value	Alan Wayne Weber CCO	0.52% $3.1M	2.84% 467.8K shares	Q1 2021 Held for 4y 8m	$584.1M
C Corton Capital Inc. Institution	-	0.33% $132.4K	0.12% 19.7K shares	Q2 2025 Held for 5 months	$40.6M
M Mork Capital Management Institution	-	0.28% $403.2K	0.36% 60.0K shares	Q2 2022 Held for 3y 5m	$145.1M
B BOYAR ASSET MANAGEMENT INC Hedge Fund•Value	Mark Alan Boyar President	0.18% $280.7K	0.25% 41.8K shares	Q2 2018 Held for 7y 5m	$158.0M
R RBF Capital, LLC Institution	-	0.13% $2.8M	2.57% 422.9K shares	Q2 2018 Held for 7y 5m	$2.2B
BECK MACK & OLIVER LLC Long Only Manager	John Clyde Ellis Managing Partner	0.12% $6.6M	6.01% 988.6K shares	Q3 2016 Held for 9y 2m	$5.3B
GSA CAPITAL PARTNERS LLP Hedge Fund•Quant	David Khabie-Zeitoune CEO	0.04% $485.0K	0.44% 72.2K shares	Q4 2024 Held for 11 months	$1.1B

Hedge Fund Spotlight

Discover hedge funds investing in TSQ

GSA CAPITAL PARTNERS LLP

Hedge Fund • Quant

Portfolio ManagerDavid Khabie-Zeitoune

Portfolio Value: $1.1B
Positions: 1,504
Last Reported: Q3 2025

Sector Allocation

Position in Townsquare Media

Market Value: $485.0K
Shares Held: 72.2K
Portfolio Weight: 0.04%
Owned Since: 2024-Q4

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