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SALEM MEDIA GROUP INC CL A
SALEM MEDIA GROUP INC CL A. Institutional holdings reported to the SEC.

Institutional Holders (2015Q4)
Portfolio Summary: 50 Institutional holders with a total value of $38,008,836.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 Neuberger Berman Group LLC 1,550,191 7,720,000 20.31%
2 GAMCO INVESTORS, INC. ET AL 1,094,871 5,452,000 14.34%
3 DIMENSIONAL FUND ADVISORS LP 932,465 4,644,000 12.22%
4 GABELLI FUNDS LLC 668,500 3,329,000 8.76%
5 Teton Advisors, Inc. 620,008 3,088,000 8.12%
6 PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 364,425 1,814,836 4.77%
7 BlackRock Institutional Trust Company, N.A. 357,936 1,783,000 4.69%
8 BRIDGEWAY CAPITAL MANAGEMENT, LLC 267,052 1,330,000 3.50%
9 DG Capital Management, LLC 245,954 1,225,000 3.22%
10 ROYAL BANK OF CANADA 242,519 1,208,000 3.18%
11 VANGUARD GROUP INC 219,337 1,092,000 2.87%
12 RENAISSANCE TECHNOLOGIES LLC 128,300 639,000 1.68%
13 WELLS FARGO & COMPANY/MN 126,887 631,000 1.66%
14 RUSSELL FRANK CO/ 113,755 539,000 1.42%
15 Arbiter Partners Capital Management LLC 82,697 412,000 1.08%
16 Bank of New York Mellon Corp 82,478 411,000 1.08%
17 Municipal Employees' Retirement System of Michigan 56,600 282,000 0.74%
18 WEDGE CAPITAL MANAGEMENT L L P/NC 56,200 280,000 0.74%
19 MORGAN STANLEY 44,461 222,000 0.58%
20 GEODE CAPITAL MANAGEMENT, LLC 41,682 207,000 0.54%
21 CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 39,300 196,000 0.52%
22 ALGERT GLOBAL LLC 38,857 194,000 0.51%
23 BlackRock Fund Advisors 32,546 162,000 0.43%
24 NORTHERN TRUST CORP 25,416 126,000 0.33%
25 MILLENNIUM MANAGEMENT LLC 20,806 104,000 0.27%
26 PRICE T ROWE ASSOCIATES INC /MD/ 20,450 102,000 0.27%
27 RBF Capital, LLC 20,045 100,000 0.26%
28 Arete Wealth Advisors, LLC 18,297 91,000 0.24%
29 LSV ASSET MANAGEMENT 16,963 84,000 0.22%
30 Douglas C. Lane & Associates, Inc. 15,000 75,000 0.20%
31 Rotella Capital Management, Inc. 15,112 75,000 0.20%
32 GOLDMAN SACHS GROUP INC 12,410 62,000 0.16%
33 Spark Investment Management LLC 11,500 57,000 0.15%
34 BlackRock Investment Management, LLC 10,868 54,000 0.14%
35 PARADIGM CAPITAL MANAGEMENT INC/NY 10,000 50,000 0.13%
36 Alexandria Capital, LLC 6,900 34,000 0.09%
37 CORNERSTONE CAPITAL MANAGEMENT HOLDINGS LLC. 6,300 31,000 0.08%
38 INTEGRATED WEALTH MANAGEMENT 4,009 20,000 0.05%
39 Nationwide Fund Advisors 4,000 20,000 0.05%
40 EARNEST PARTNERS LLC 2,500 12,000 0.03%
41 PANAGORA ASSET MANAGEMENT INC 2,145 11,000 0.03%
42 PRELUDE CAPITAL MANAGEMENT, LLC 2,300 11,000 0.03%
43 Creative Planning 1,900 9,000 0.02%
44 Tower Research Capital LLC (TRC) 1,444 7,000 0.02%
45 TCI Wealth Advisors, Inc. 551 3,000 0.01%
46 ACADIAN ASSET MANAGEMENT LLC 523 3,000 0.01%
47 CUTLER GROUP LLC / CA 560 2,000 0.01%
48 BANK OF MONTREAL /CAN/ 460 2,000 0.01%
49 BLACKROCK ADVISORS LLC 407 2,000 0.01%
50 MANUFACTURERS LIFE INSURANCE COMPANY, THE 179 1,000 0.00%

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.