Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Townsquare Media Inc (TSQ)

62 + 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
5Q ▼
Buyers last Q
45%

Smart Money Signals — TSQ

Based on 62 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 5 quarters in a row

last 6Q
For 5 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.
🔻

Below peak — only 68% of 3.0Y high

68% of all-time peak
Only 62 funds hold TSQ today versus a peak of 91 funds at 2025 Q1 — just 68% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 27% fewer funds vs a year ago

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

More sellers than buyers — 45% buying

25 buying30 selling
Last quarter: 30 funds reduced or exited vs 25 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.
⚠️

Fewer new buyers each quarter (-6 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 11 → 8 → 15 → 9. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

65% of holders stayed for 2+ years

■ 65% conviction (2yr+) ■ 8% medium ■ 27% new
40 out of 62 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.
💰

Price up while funds trimmed (+29% value, -1% shares)

Value
+29%
Shares
-1%
Last quarter: total value of institutional TSQ holdings rose +29% even though funds reduced share count by 1%. The stock price increased enough to offset the selling. Institutions are quietly trimming into price strength — watch for rotation.
➡️

Steady discovery — ~9 new funds/quarter

16 → 11 → 8 → 15 → 9 new funds/Q
New funds entering each quarter: 11 → 8 → 15 → 9. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 65% veterans vs 31% newcomers

■ 65% veterans ■ 5% 1-2yr ■ 31% new
Entry-cohort mix of 62 holders: 40 (65%) are 2+ year veterans, 3 entered 1–2 years ago, and 19 (31%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 20% AUM from major funds

20% from top-100 AUM funds
19 of 62 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.3
out of 10
Low Exit Risk
Exit risk score 2.3/10 — 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 Q2, 25 hedge funds were net buyers of TSQ (9 opened a new position, 16 added to an existing one), while 30 reduced or exited (19 trimmed, 11 sold completely) — a 45% buyer ratio, indicating roughly balanced activity. This extends a 5-quarter selling streak, suggesting sustained institutional caution. 20% of total institutional value in TSQ is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 62.

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 Q2 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 June 30, 2026 · 54d ago
TSQ
-16.1%
XLC
+4.0%

TSQ outperformed XLC by -20.1% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 9d ago
TSQ
+4.0%
XLC
-1.4%

Since the filing became public, TSQ outperformed XLC by +5.4% .

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.

6 top-rated funds 0 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
0.5
/ 10
conviction
Hedge Fund Positioning: TSQ
62 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 62 64 -3.12%
13F Shares 10M 10M -1.43%
Total Value $67M $52M 29.0%
New Positions 9 15 -6
Increased Positions 16 15 +1
Closed Positions 11 17 -6
Reduced Positions 19 22 -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: --

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 Q2)

62 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Msd Capital, L.P. 4.27% 615,279 $4.4M
2 Capital Management Corp /Va 3.04% 2,866,340 $20.3M
3 Jb Capital Partners LP 0.50% 467,807 $3.2M
4 Teton Advisors, LLC 0.47% 115,000 $813K
5 Daytona Street Capital LLC 0.27% 53,042 $365K
6 Boyar Asset Management INC. 0.23% 55,877 $395K
7 RBF Capital, LLC 0.12% 393,474 $2.8M
8 Access Investment Management LLC 0.10% 53,875 $381K
9 Beck Mack & Oliver LLC 0.07% 473,400 $3.3M
10 Advyzon Investment Management, LLC 0.05% 93,742 $663K
11 Indivisible Partners 0.04% 91,646 $648K
12 Aster Capital Management (DIFC) Ltd 0.03% 14,970 $118K
13 Gamco Investors, INC. Et Al 0.02% 381,618 $2.7M
14 CastleKnight Management LP 0.02% 214,220 $1.5M
15 Bridgeway Capital Management, LLC 0.01% 110,163 $779K
16 Krilogy Financial LLC 0.01% 50,000 $354K
17 Crews Bank & Trust 0.00% 5,100 $36K
18 Ritholtz Wealth Management 0.00% 43,400 $307K
19 Ancora Advisors LLC 0.00% 32,930 $233K
20 Renaissance Technologies LLC 0.00% 424,463 $3.0M
21 Trexquant Investment LP 0.00% 73,912 $523K
22 Gabelli Funds LLC 0.00% 63,300 $448K
23 O'shaughnessy Asset Management, LLC 0.00% 84,664 $599K
24 American Century Companies Inc 0.00% 824,004 $5.8M
25 XTX Topco Ltd 0.00% 10,551 $75K
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 — 5 quarters in a row: For 5 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 — 45% buying: Last quarter: 30 funds reduced or exited vs 25 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?

Strong quality — 20% AUM from major funds: 19 of 62 holders rank in the top 100 by AUM, accounting for 20% 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 TSQ?

65% of holders stayed for 2+ years: 40 out of 62 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 Q2 hedge fund 13F filings?

As of today, TSQ has moved +4.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to -1.4% for the XLC sector ETF — an outperformance of +5.4%. Since the quarter end (June 30, 2026), TSQ has gained -16.1% vs +4.0% 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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