Who owns Saga Communications (SGA)
Which tracked institutional funds hold SGA, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SGA company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on SGA is one-sided between 2026-Q1 and 2026-Q2: 0 added or opened and 8 trimmed or exited — on balance reducing.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
SGA’s largest tracked holder by dollar value, TOWERVIEW LLC, sizes it at 6.9% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 6.9pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SGA divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 28 tracked filers holding SGA, 13 increased or opened the position and 8 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in SGA between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
Largest trims
- TOWERVIEW LLC$3M
- GATE CITY CAPITAL MANAGEMENT, LLC$2M
- DIMENSIONAL FUND ADVISORS LP$1M
- Peapod Lane Capital LLC$525K
- VANGUARD CAPITAL MANAGEMENT LLC$467K
- BlackRock, Inc.$307K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| TOWERVIEW LLC | 1,161,144 | $11M | 30.7% | 2026-Q2 |
| GATE CITY CAPITAL MANAGEMENT, LLC | 863,845 | $8M | 22.8% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 330,263 | $3M | 8.7% | 2026-Q2 |
| Peapod Lane Capital LLC added | 209,865 | $2M | 5.5% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 188,722 | $2M | 5.0% | 2026-Q2 |
| BlackRock, Inc. added | 133,018 | $1M | 3.5% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 105,918 | $961K | 2.8% | 2026-Q2 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC added | 71,961 | $653K | 1.9% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC trimmed | 64,563 | $586K | 1.7% | 2026-Q2 |
| Mork Capital Management, LLC | 50,000 | $454K | 1.3% | 2026-Q2 |
| Nuveen, LLC | 42,393 | $385K | 1.1% | 2026-Q2 |
| Empowered Funds, LLC | 35,972 | $326K | 1.0% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 34,768 | $315K | 0.9% | 2026-Q2 |
| LPL Financial LLC added | 30,150 | $273K | 0.8% | 2026-Q2 |
| Marquette Asset Management, LLC added | 28,352 | $257K | 0.7% | 2026-Q2 |
| STATE STREET CORP | 22,098 | $200K | 0.6% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 10,775 | $98K | 0.3% | 2026-Q2 |
| MORGAN STANLEY added | 9,925 | $90K | 0.3% | 2026-Q2 |
| Vanguard Global Advisers, LLC | 1,764 | $16K | 0.0% | 2026-Q2 |
| BARCLAYS PLC added | 1,151 | $10K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) added | 873 | $8K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 800 | $7K | 0.0% | 2026-Q2 |
| IFS Advisors, LLC | 100 | $907 | 0.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 100 | $907 | 0.0% | 2026-Q2 |
| UBS Group AG added | 42 | $381 | 0.0% | 2026-Q2 |
| SBI Securities Co., Ltd. added | 17 | $154 | 0.0% | 2026-Q2 |
| JPMORGAN CHASE & CO | 5 | $44 | 0.0% | 2026-Q2 |
| Kingdom Financial Group LLC. | 0 | $4 | 0.0% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 12,238 | $143K | 0.4% | 2026-Q1 stale (1 quarter behind) |
| CITIGROUP INC | 1 | $12 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Lloyd Advisory Services, LLC. new | 0 | $5 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| VANGUARD GROUP INC added | 207,048 | $2M | 6.9% | 2025-Q4 stale (2 quarters behind) |
| Minerva Advisors LLC trimmed | 31,831 | $364K | 1.1% | 2025-Q4 stale (2 quarters behind) |
| BANK OF AMERICA CORP /DE/ added | 16,955 | $194K | 0.6% | 2025-Q4 stale (2 quarters behind) |
| Aristides Capital LLC | 12,160 | $151K | 0.4% | 2025-Q3 stale (3 quarters behind) |
| Archer Investment Corp | 50 | $622 | 0.0% | 2025-Q3 stale (3 quarters behind) |
| Krilogy Financial LLC | 20,000 | $260K | 0.8% | 2025-Q2 stale (4 quarters behind) |
| RAYMOND JAMES FINANCIAL INC new | 1,510 | $20K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| Arlington Trust Co LLC | 1,000 | $13K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.