Assetmark Inc. Lowers Nexstar Media Group Stock Holdings

Asset management firm reduces stake in media company by 16.9% in Q4

Apr. 18, 2026 at 7:23am

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A highly detailed, black-and-white close-up image of broadcasting equipment and machinery, conveying the industrial power and scale of modern media production.An extreme close-up of the complex machinery and technology that enables Nexstar Media Group to deliver local news and entertainment programming across the United States.Irving Today

Assetmark Inc. lowered its holdings in Nexstar Media Group, Inc. (NASDAQ:NXST) by 16.9% in the fourth quarter, according to the company's recent SEC filing. The firm now owns 43,231 shares of the media company's stock, down from 52,050 shares previously.

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. The company's stock performance and ownership changes can provide insights into the broader media industry landscape.

The details

Assetmark Inc. sold 8,819 shares of Nexstar Media Group during the fourth quarter, reducing its total stake to 43,231 shares. The firm now owns approximately 0.14% of Nexstar's outstanding stock, down from 0.17% previously. Other major institutional investors in Nexstar include Dimensional Fund Advisors, Alliancebernstein, and Massachusetts Financial Services.

  • Assetmark Inc. filed its Q4 2025 13F report with the SEC on April 18, 2026.
  • The firm's Nexstar Media Group holdings were as of December 31, 2025.

The players

Assetmark Inc.

An American asset management firm that provides investment and wealth management services.

Nexstar Media Group, Inc.

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

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The takeaway

Assetmark's reduction in its Nexstar Media Group holdings could signal broader shifts in investor sentiment around local media companies as the industry continues to evolve. However, Nexstar remains a major player in the space, with the majority of its stock still held by institutional investors.