13FPulse
TD

TDAY USA TODAY CO INC

2026Q2 · CUSIP 36472T109 · Sector: Media & Telecom

Exiting + falling

Funds leaving and price falling — historically weak for the next six months

Funds that own it
215
Institutions that reported holding it to the SEC
Net decrease in holders
5
Last quarter 220 → now 215
How unusual is that
Below average
Stronger than only 20% of US stocks
What the filings say, in one paragraph

215 funds held TDAY at the end of 2026Q2, down 5 from the quarter before. Buying is stronger than only 20.4% of US stocks, and the price fell over the same quarter — funds leaving and price weakness at the same time. On the business itself, revenue over the last 12 months was $2.3B(YoY -6.8%), the P/E is 35.6x, return on equity is 20.4%. TDAY has had 5 buying rushes in its history, and the price moved -19.5% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Media & Telecom sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2016Q2: holders=1 2016Q3: holders=1 2016Q4: holders=1 2017Q1: holders=1 2017Q3: holders=1 2017Q4: holders=1 2018Q1: holders=1 2018Q2: holders=1 2018Q3: holders=1 2018Q4: holders=1 2019Q1: holders=1 2019Q3: holders=1 2019Q4: holders=217 2020Q1: holders=189 2020Q2: holders=173 2020Q3: holders=158 2020Q4: holders=161 2021Q1: holders=168 2021Q2: holders=169 2021Q3: holders=180 2021Q4: holders=185 2022Q1: holders=191 2022Q2: holders=175 2022Q3: holders=174 2022Q4: holders=172 2023Q1: holders=168 2023Q2: holders=151 2023Q3: holders=152 2023Q4: holders=149 2024Q1: holders=145 2024Q2: holders=170 2024Q3: holders=190 2024Q4: holders=203 2025Q1: holders=181 2025Q2: holders=182 2025Q3: holders=196 2025Q4: holders=191 2026Q1: holders=220 2026Q2: holders=215 -216 -108 +0 +108 +216 0116231 16Q217Q318Q319Q420Q421Q422Q423Q424Q425Q426Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 5 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q1 Top 20% +13.9%
2024Q3 Top 20% +8.9% -12.6%
2024Q2 Top 10% +16.8% +8.3%
2021Q3 Top 20% +1.5% +11.0%
2019Q4 Top 1% in the market -80.9% -84.8%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
107
Change in large funds
+1
Total value they hold
$1.2B
Funds buying for the first time
35
Funds that sold out entirely
40
Price change that quarter
-15.9%
Funds holding puts (bearish)
2
Funds holding calls (bullish)
5

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
35.6
EPS (TTM)
$0.18
EPS YoY
-51.3%
Revenue (TTM)
$2.3B
Revenue YoY
-6.8%
Net margin
1.3%
ROE
20.4%
Debt ratio
92.2%
FCF (TTM)
$60M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2024-09-30: EPS -0.14 2024-12-31: EPS 0.47 2025-03-31: EPS -0.05 2025-06-30: EPS 0.42 2025-09-30: EPS -0.27 2025-12-31: EPS -0.09 2026-03-31: EPS 0.12 0M 474M 949M $M -0.30 0.11 0.52 2017201820192020202120222023202420252026 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
5 316 626 20252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-80M-13M54M 2017201820192020202120222023202420252026
Latest quarter $6M (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-03-31 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.