Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Townsquare Media Inc (TSQ)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
4Q ▼
Buyers last Q
43%

Smart Money Signals — TSQ

Based on 64 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds reduced or closed their TSQ 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 — 70% of 3.0Y peak

70% of all-time peak
64 funds currently hold this stock — 70% of the 3.0-year high of 91 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 30% fewer funds vs a year ago

fund count last 6Q
27 fewer hedge funds hold TSQ compared to a year ago (-30% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 43% buying

30 buying39 selling
Last quarter: 39 funds reduced or exited vs 30 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
📈

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

new funds entering per quarter
Funds opening a new TSQ position: 16 → 11 → 8 → 15. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 11% medium ■ 28% new
39 out of 64 hedge funds have held TSQ 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 — ~15 new funds/quarter

15 → 16 → 11 → 8 → 15 new funds/Q
New funds entering each quarter: 16 → 11 → 8 → 15. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 62% veterans vs 30% newcomers

■ 62% veterans ■ 8% 1-2yr ■ 30% new
Entry-cohort mix of 64 holders: 40 (62%) are 2+ year veterans, 5 entered 1–2 years ago, and 19 (30%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
📋

Smaller funds dominant — 18% AUM from top-100

18% from top-100 AUM funds
17 of 64 holders rank in the top 100 by AUM, but together hold only 18% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
2.6
out of 10
Low Exit Risk
Exit risk score 2.6/10 — 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 — TSQ

In 2026 Q1, 30 hedge funds were net buyers of TSQ (15 opened a new position, 15 added to an existing one), while 39 reduced or exited (22 trimmed, 17 sold completely) — a 43% buyer ratio, indicating roughly balanced activity. This extends a 4-quarter selling streak, suggesting sustained institutional caution. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 64.

Hedge Fund Ownership: TSQ

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

Market Analysis: TSQ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TSQ

-- --

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

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

Signal Freshness measures how much TSQ 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
TSQ
+17.1%
XLC
+0.7%

TSQ outperformed XLC by +16.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
TSQ
+5.5%
XLC
-3.8%

Since the filing became public, TSQ outperformed XLC by +9.3% .

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.

9 top-rated funds 0 high-conviction
Consensus
4.3
/ 10
breadth
×
Elite
0.4
/ 10
conviction
Hedge Fund Positioning: TSQ
63 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 63 66 -4.55%
13F Shares 10M 8M 26.8%
Total Value $51M $40M 28.66%
New Positions 15 8 +7
Increased Positions 15 18 -3
Closed Positions 18 18 -
Reduced Positions 21 24 -3
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: TSQ

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
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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
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

63 + investors

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

QUARTER:
Top 25 TSQ holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Msd Capital, L.P. 4.52% 727,024 $3.9M
2 Capital Management Corp /Va 2.31% 2,494,607 $13.5M
3 Teton Advisors, LLC 0.44% 115,000 $624K
4 Jb Capital Partners LP 0.42% 467,807 $2.5M
5 Boyar Asset Management INC. 0.27% 86,773 $471K
6 Daytona Street Capital LLC 0.22% 53,042 $291K
7 Access Investment Management LLC 0.19% 131,575 $714K
8 RBF Capital, LLC 0.11% 393,474 $2.1M
9 Beck Mack & Oliver LLC 0.07% 614,652 $3.3M
10 Advyzon Investment Management, LLC 0.04% 90,664 $492K
11 Indivisible Partners 0.04% 88,640 $481K
12 Gamco Investors, INC. Et Al 0.02% 384,518 $2.1M
13 CastleKnight Management LP 0.02% 214,220 $1.2M
14 Bridgeway Capital Management, LLC 0.01% 110,163 $598K
15 Krilogy Financial LLC 0.01% 50,000 $338K
16 Crews Bank & Trust 0.00% 5,100 $28K
17 Renaissance Technologies LLC 0.00% 441,463 $2.4M
18 Journey Strategic Wealth LLC 0.00% 27,300 $148K
19 Ritholtz Wealth Management 0.00% 29,134 $158K
20 Gabelli Funds LLC 0.00% 63,300 $344K
21 American Century Companies Inc 0.00% 827,734 $4.5M
22 Trexquant Investment LP 0.00% 55,157 $300K
23 Two Sigma Advisers, LP 0.00% 165,100 $849K
24 O'shaughnessy Asset Management, LLC 0.00% 46,099 $250K
25 Engineers Gate Manager LP 0.00% 18,100 $98K
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 — Townsquare Media Inc (TSQ)

What does the Smart Money Trend signal show for TSQ?

Selling streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds reduced or closed their TSQ 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 TSQ?

More sellers than buyers — 43% buying: Last quarter: 39 funds reduced or exited vs 30 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for TSQ holders?

Smaller funds dominant — 18% AUM from top-100: 17 of 64 holders rank in the top 100 by AUM, but together hold only 18% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held TSQ?

61% of holders stayed for 2+ years: 39 out of 64 hedge funds have held TSQ 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 Townsquare Media Inc (TSQ) following the 2026 Q1 hedge fund 13F filings?

As of today, TSQ has moved +5.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to -3.8% for the XLC sector ETF — an outperformance of +9.3%. Since the quarter end (March 31, 2026), TSQ has gained +17.1% 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.

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