Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Gray Media Inc (GTN)

191 + Investors. Track Smart Money conviction in GTN. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -3
Streak
3Q ▼
Buyers last Q
53%

Smart Money Signals — GTN

Based on 192 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their GTN positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 88% of 3.0Y peak

88% of all-time peak
192 funds currently hold this stock — 88% of the 3.0-year high of 218 funds (reached 2024 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 6% fewer funds vs a year ago

fund count last 6Q
12 fewer hedge funds hold GTN compared to a year ago (-6% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 53% buying

104 buying93 selling
Last quarter: 104 funds bought or added vs 93 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+7 vs last Q)

new funds entering per quarter
Funds opening a new GTN position: 29 → 36 → 25 → 32. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

67% of holders stayed for 2+ years

■ 67% conviction (2yr+) ■ 18% medium ■ 15% new
129 out of 192 hedge funds have held GTN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~32 new funds/quarter

46 → 29 → 36 → 25 → 32 new funds/Q
New funds entering each quarter: 29 → 36 → 25 → 32. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 73% veterans vs 17% newcomers

■ 73% veterans ■ 11% 1-2yr ■ 17% new
Entry-cohort mix of 199 holders: 145 (73%) are 2+ year veterans, 21 entered 1–2 years ago, and 33 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 33% AUM from major funds

33% from top-100 AUM funds
41 of 191 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.8
out of 10
Low Exit Risk
Exit risk score 2.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — GTN

In 2026 Q1, 104 hedge funds were net buyers of GTN (32 opened a new position, 72 added to an existing one), while 93 reduced or exited (58 trimmed, 35 sold completely) — a 53% buyer ratio, indicating a slight buying edge. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 33% of total institutional value in GTN is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -3 funds (more exits than new entries). Total institutional holders: 192.

Hedge Fund Ownership: GTN

How many hedge funds hold GTN — quarterly history vs. share price
Quarterly hedge fund ownership of GTN vs. share price

Market Analysis: GTN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: GTN

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Gray Media Inc (GTN) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much GTN has moved relative to its sector benchmark (XLC) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 78d ago
GTN
-10.9%
XLC
+0.7%

GTN outperformed XLC by -11.6% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
GTN
-6.9%
XLC
-3.8%

Since the filing became public, GTN outperformed XLC by -3.1% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

16 top-rated funds 0 high-conviction
Consensus
5.3
/ 10
breadth
×
Elite
1.0
/ 10
conviction
Hedge Fund Positioning: GTN
191 + Investors

Track Smart Money conviction in GTN. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 191 195 -2.05%
13F Shares 77M 80M -3.41%
Total Value $333M $386M -13.71%
New Positions 31 25 +6
Increased Positions 72 74 -2
Closed Positions 35 34 +1
Reduced Positions 55 58 -3
Total Calls 5 3 66.67%
Total Puts 3 2 50.0%
PUT/CALL Ratio 0.6 0.67 Bullish

Statistics: GTN

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

191 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in GTN. Verified SEC 13F-HR filings.

QUARTER:
Top 25 GTN holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Miller Value Partners, LLC 6.08% 5,370,100 $23.3M
2 Capital Management Corp /Va 4.60% 6,197,518 $26.9M
3 DSC Meridian Capital LP 1.25% 939,714 $4.1M
4 Penn Capital Management Company, LLC 1.22% 3,616,210 $15.7M
5 American Financial Group Inc 0.87% 540,202 $2.3M
6 Teton Advisors, LLC 0.72% 236,740 $1.0M
7 Invst, LLC 0.28% 578,411 $2.5M
8 Commons Capital, LLC 0.17% 47,864 $208K
9 QVT Financial LP 0.09% 291,452 $1.3M
10 Counterpoint Mutual Funds LLC 0.08% 120,944 $525K
11 Marble Wealth, LLC 0.07% 94,298 $409K
12 Bridgeway Capital Management, LLC 0.07% 788,586 $3.4M
13 Retirement Systems of Alabama 0.06% 4,126,750 $17.9M
14 Indivisible Partners 0.05% 141,457 $614K
15 Advyzon Investment Management, LLC 0.05% 132,631 $576K
16 Nebula Research & Development LLC 0.05% 129,984 $589K
17 Campbell & CO Investment Adviser LLC 0.05% 187,158 $812K
18 Diametric Capital, LP 0.04% 38,039 $165K
19 Schonfeld Strategic Advisors LLC 0.04% 1,250,000 $5.4M
20 Innealta Capital, LLC 0.03% 11,366 $49K
21 Wolverine Asset Management LLC 0.02% 572,322 $2.5M
22 Brooklyn Investment Group 0.02% 138,226 $600K
23 Gamco Investors, INC. Et Al 0.02% 361,855 $1.6M
24 Empowered Funds, LLC 0.01% 507,486 $2.2M
25 New York State Common Retirement Fund 0.01% 2,115,710 $9.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Gray Media Inc (GTN)

What does the Smart Money Trend signal show for GTN?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their GTN positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for GTN?

Slight buying edge — 53% buying: Last quarter: 104 funds bought or added vs 93 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for GTN holders?

Strong quality — 33% AUM from major funds: 41 of 191 holders rank in the top 100 by AUM, accounting for 33% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held GTN?

67% of holders stayed for 2+ years: 129 out of 192 hedge funds have held GTN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Gray Media Inc (GTN) following the 2026 Q1 hedge fund 13F filings?

As of today, GTN has moved -6.9% since the 2026 Q1 13F filing date (May 15, 2026), compared to -3.8% for the XLC sector ETF — an outperformance of -3.1%. Since the quarter end (March 31, 2026), GTN has gained -10.9% vs +0.7% for XLC. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →