Nexstar Media Group Shares Sold by Kingsview Wealth Management

Hedge fund reduces stake in major media company

Mar. 3, 2026 at 6:15am

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Kingsview Wealth Management LLC lowered its position in Nexstar Media Group, Inc. (NASDAQ:NXST) by 28.1% during the third quarter, reducing its holdings to 50,808 shares worth $10,047,000 at the end of the reporting period.

Why it matters

Nexstar Media Group is a major player in the media industry, owning and operating local television stations and digital platforms across the United States. The reduction in Kingsview Wealth Management's stake could signal a shift in investor sentiment or portfolio strategy for the hedge fund.

The details

Kingsview Wealth Management sold 19,827 shares of Nexstar Media Group during the third quarter, lowering its total position to 50,808 shares. The fund's holdings in the company were valued at $10,047,000 at the end of the reporting period. Several other hedge funds have also made changes to their Nexstar Media Group positions, with some increasing their stakes and others, like Kingsview, reducing their exposure.

  • Kingsview Wealth Management reduced its Nexstar Media Group stake during the third quarter of 2026.
  • The fund's holdings in the company were valued at $10,047,000 at the end of the most recent reporting period.

The players

Kingsview Wealth Management LLC

A hedge fund that reduced its stake in Nexstar Media Group during the third quarter of 2026.

Nexstar Media Group, Inc.

A diversified American media company that owns and operates local television stations and digital platforms across the United States.

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The takeaway

The reduction in Kingsview Wealth Management's Nexstar Media Group stake could indicate a shift in investor sentiment or portfolio strategy for the hedge fund, though the overall impact on the company remains to be seen.