Who owns USA TODAY Co., Inc. (TDAY)
Which tracked institutional funds hold TDAY, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TDAY company fundamentals →
Ownership as of the 2026-Q1 13F filings. 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 TDAY is one-sided between 2025-Q4 and 2026-Q1: 71 added or opened and 15 trimmed or exited — on balance accumulating.
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
TDAY’s largest tracked holder by dollar value, Two Seas Capital LP, sizes it at 4.6% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 4.6pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in TDAY 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 2025-Q4 and 2026-Q1, across 220 tracked filers holding TDAY, 119 increased or opened the position and 83 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 TDAY between the 2025-Q4 and 2026-Q1 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.
New buyers 22
- VANGUARD CAPITAL MANAGEMENT LLC$42M
- VR Advisory Services Ltd$26M
- Parkwood LLC$16M
- VANGUARD PORTFOLIO MANAGEMENT LLC$12M
- Oasis Management Co Ltd.$9M
- VANGUARD FIDUCIARY TRUST CO$6M
Full exits 4
- VANGUARD GROUP INC$38M
- Pentwater Capital Management LP$7M
- NOMURA HOLDINGS INC$5M
- Verition Fund Management LLC$4M
Largest adds
- Two Seas Capital LP$24M
- Apollo Management Holdings, L.P.$23M
- GOLDMAN SACHS GROUP INC$22M
- BlackRock, Inc.$19M
- Alta Fundamental Advisers LLC$17M
- STONEHILL CAPITAL MANAGEMENT LLC$13M
Largest trims
- MILLENNIUM MANAGEMENT LLC$7M
- SHAH CAPITAL MANAGEMENT$6M
- Miller Value Partners, LLC$4M
- Philosophy Capital Management LLC$3M
- Whitefort Capital Management, LP$3M
- UBS Group AG$1M
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 |
|---|---|---|---|---|
| Two Seas Capital LP trimmed | 14,045,443 | $99M | 9.6% | 2026-Q1 |
| Apollo Management Holdings, L.P. | 12,128,756 | $86M | 8.3% | 2026-Q1 |
| Alta Fundamental Advisers LLC trimmed | 10,748,543 | $76M | 7.4% | 2026-Q1 |
| BlackRock, Inc. trimmed | 10,179,218 | $72M | 7.0% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 7,160,057 | $50M | 4.9% | 2026-Q1 |
| COOPERMAN LEON G added | 6,271,961 | $44M | 4.3% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 5,914,541 | $42M | 4.1% | 2026-Q1 |
| SG Americas Securities, LLC trimmed | 5,102,391 | $36M | 3.5% | 2026-Q1 |
| Philosophy Capital Management LLC trimmed | 4,300,000 | $30M | 2.9% | 2026-Q1 |
| D. E. Shaw & Co., Inc. trimmed | 3,802,311 | $27M | 2.6% | 2026-Q1 |
| VR Advisory Services Ltd new | 3,681,483 | $26M | 2.5% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 3,457,494 | $24M | 2.4% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 3,158,069 | $22M | 2.2% | 2026-Q1 |
| Whitefort Capital Management, LP trimmed | 3,124,833 | $22M | 2.1% | 2026-Q1 |
| STATE STREET CORP added | 3,111,439 | $22M | 2.1% | 2026-Q1 |
| STONEHILL CAPITAL MANAGEMENT LLC added | 2,981,555 | $21M | 2.0% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 2,875,424 | $20M | 2.0% | 2026-Q1 |
| Parkwood LLC new | 2,330,000 | $16M | 1.6% | 2026-Q1 |
| FOURSIXTHREE CAPITAL LP added | 2,306,441 | $16M | 1.6% | 2026-Q1 |
| Jefferies Financial Group Inc. added | 2,000,000 | $14M | 1.4% | 2026-Q1 |
| Miller Value Partners, LLC trimmed | 1,969,280 | $14M | 1.3% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 1,646,861 | $12M | 1.1% | 2026-Q1 |
| NORTHERN TRUST CORP added | 1,486,108 | $10M | 1.0% | 2026-Q1 |
| Oasis Management Co Ltd. new | 1,329,832 | $9M | 0.9% | 2026-Q1 |
| Shay Capital LLC added | 1,324,637 | $9M | 0.9% | 2026-Q1 |
| MORGAN STANLEY added | 1,148,689 | $8M | 0.8% | 2026-Q1 |
| FMR LLC added | 1,039,855 | $7M | 0.7% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC added | 953,001 | $7M | 0.7% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 932,019 | $7M | 0.6% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 884,491 | $6M | 0.6% | 2026-Q1 |
| FourWorld Capital Management LLC added | 878,611 | $6M | 0.6% | 2026-Q1 |
| Silverberg Bernstein Capital Management LLC added | 797,295 | $6M | 0.5% | 2026-Q1 |
| P SCHOENFELD ASSET MANAGEMENT LP added | 755,914 | $5M | 0.5% | 2026-Q1 |
| Bank of New York Mellon Corp added | 504,566 | $4M | 0.3% | 2026-Q1 |
| STATE OF WISCONSIN INVESTMENT BOARD trimmed | 501,096 | $4M | 0.3% | 2026-Q1 |
| SHAH CAPITAL MANAGEMENT trimmed | 500,000 | $4M | 0.3% | 2026-Q1 |
| MIRABELLA FINANCIAL SERVICES LLP added | 499,917 | $4M | 0.3% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 473,904 | $3M | 0.3% | 2026-Q1 |
| Nuveen, LLC added | 439,655 | $3M | 0.3% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 438,519 | $3M | 0.3% | 2026-Q1 |
| Invesco Ltd. added | 410,806 | $3M | 0.3% | 2026-Q1 |
| UBS Group AG trimmed | 407,395 | $3M | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 397,060 | $3M | 0.3% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 396,086 | $3M | 0.3% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 376,887 | $3M | 0.3% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 363,195 | $3M | 0.2% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC trimmed | 349,129 | $2M | 0.2% | 2026-Q1 |
| Steamboat Capital Partners, LLC added | 346,701 | $2M | 0.2% | 2026-Q1 |
| BARCLAYS PLC added | 321,650 | $2M | 0.2% | 2026-Q1 |
| Murchinson Ltd. trimmed | 320,000 | $2M | 0.2% | 2026-Q1 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC trimmed | 288,238 | $2M | 0.2% | 2026-Q1 |
| Invst, LLC trimmed | 281,388 | $2M | 0.2% | 2026-Q1 |
| Swiss National Bank | 274,500 | $2M | 0.2% | 2026-Q1 |
| Long Focus Capital Management, LLC | 268,863 | $2M | 0.2% | 2026-Q1 |
| Trexquant Investment LP added | 265,666 | $2M | 0.2% | 2026-Q1 |
| Pingora Partners LLC trimmed | 253,663 | $2M | 0.2% | 2026-Q1 |
| BOOTHBAY FUND MANAGEMENT, LLC added | 251,875 | $2M | 0.2% | 2026-Q1 |
| BTG Pactual Asset Management US LLC new | 250,000 | $2M | 0.2% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 217,366 | $2M | 0.1% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 208,241 | $1M | 0.1% | 2026-Q1 |
| SONA ASSET MANAGEMENT (US) LLC trimmed | 195,799 | $1M | 0.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 172,136 | $1M | 0.1% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 170,376 | $1M | 0.1% | 2026-Q1 |
| HSBC HOLDINGS PLC added | 162,462 | $1M | 0.1% | 2026-Q1 |
| Creative Planning added | 150,824 | $1M | 0.1% | 2026-Q1 |
| FRANKLIN RESOURCES INC trimmed | 143,685 | $1M | 0.1% | 2026-Q1 |
| SkyView Investment Advisors, LLC trimmed | 141,714 | $999K | 0.1% | 2026-Q1 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC trimmed | 136,100 | $960K | 0.1% | 2026-Q1 |
| IEQ CAPITAL, LLC added | 131,458 | $927K | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 128,427 | $905K | 0.1% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 171,937 | $885K | 0.1% | 2026-Q1 |
| CITIGROUP INC added | 124,679 | $879K | 0.1% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 123,390 | $870K | 0.1% | 2026-Q1 |
| Engineers Gate Manager LP added | 113,990 | $804K | 0.1% | 2026-Q1 |
| Voleon Capital Management LP new | 104,258 | $735K | 0.1% | 2026-Q1 |
| ALGERT GLOBAL LLC trimmed | 104,270 | $735K | 0.1% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 101,832 | $718K | 0.1% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 101,226 | $714K | 0.1% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC added | 95,817 | $676K | 0.1% | 2026-Q1 |
| Legal & General Group Plc trimmed | 85,488 | $603K | 0.1% | 2026-Q1 |
| LEE DANNER & BASS INC added | 84,552 | $596K | 0.1% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 82,846 | $584K | 0.1% | 2026-Q1 |
| Optimize Financial Inc new | 82,095 | $579K | 0.1% | 2026-Q1 |
| OneDigital Investment Advisors LLC trimmed | 81,786 | $577K | 0.1% | 2026-Q1 |
| FIFTH LANE CAPITAL, LP new | 81,123 | $572K | 0.1% | 2026-Q1 |
| HOWARD FINANCIAL SERVICES, LTD. | 80,000 | $564K | 0.1% | 2026-Q1 |
| Zurcher Kantonalbank (Zurich Cantonalbank) added | 79,507 | $561K | 0.1% | 2026-Q1 |
| MetLife Investment Management, LLC added | 76,569 | $540K | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 7,472,191 | $38M | 3.7% | 2025-Q4 stale |
| Pentwater Capital Management LP new | 1,400,000 | $7M | 0.7% | 2025-Q4 stale |
| NOMURA HOLDINGS INC trimmed | 922,641 | $5M | 0.5% | 2025-Q4 stale |
| Verition Fund Management LLC added | 823,677 | $4M | 0.4% | 2025-Q4 stale |
| Aurelius Capital Management, LP trimmed | 569,997 | $2M | 0.2% | 2025-Q3 stale |
| MARSHALL WACE, LLP trimmed | 551,510 | $2M | 0.2% | 2025-Q3 stale |
| Qube Research & Technologies Ltd trimmed | 439,950 | $2M | 0.2% | 2025-Q3 stale |
| NORGES BANK | 269,500 | $2M | 0.1% | 2025-Q3 stale |
| ACADIAN ASSET MANAGEMENT LLC trimmed | 204,876 | $845K | 0.1% | 2025-Q3 stale |
| Empowered Funds, LLC trimmed | 210,262 | $753K | 0.1% | 2025-Q2 stale |
| Sullivan Wood Capital Management LLC new | 188,750 | $676K | 0.1% | 2025-Q2 stale |
| Cubist Systematic Strategies, LLC added | 215,295 | $622K | 0.1% | 2025-Q1 stale |
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.