Massachusetts Financial Firm Reduces Stake in Nexstar Media Group

Institutional investor cuts holdings in TV station operator by 1.9% in Q4 2025

Apr. 14, 2026 at 9:55am

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Massachusetts Financial Services Co. MA, a major institutional investor, reduced its stake in Nexstar Media Group, Inc. (NASDAQ:NXST) by 1.9% during the fourth quarter of 2025, according to a recent SEC filing. The firm now owns approximately 630,137 shares of the television station operator, representing around 2.08% of the company's outstanding stock.

Why it matters

Nexstar Media Group is one of the largest owners and operators of local television stations in the United States, with a portfolio of over 200 stations across the country. Changes in ownership by major institutional investors can signal broader market sentiment and impact the company's stock price and access to capital.

The details

According to the 13F filing, Massachusetts Financial Services Co. MA sold 12,472 shares of Nexstar Media Group during the fourth quarter, reducing its total position to 630,137 shares. The firm remains one of the largest institutional shareholders of Nexstar, owning approximately 2.08% of the company's outstanding stock.

  • The 13F filing covers the fourth quarter of 2025, which ended on December 31, 2025.

The players

Massachusetts Financial Services Co. MA

A major institutional investment management firm that owns stakes in a variety of publicly traded companies.

Nexstar Media Group, Inc.

A diversified media company that owns and operates over 200 local television stations across the United States.

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The takeaway

The reduction in ownership by Massachusetts Financial Services Co. MA suggests a potential shift in sentiment around Nexstar Media Group, though the firm remains a significant shareholder. Investors will likely monitor any further changes in institutional ownership of the television station operator.