Billionaire Mario Gabelli‘s GAMCO Investors has recently filed a 13D, in which it disclosed its stake in Cablevision Systems Corporation (NYSE:CVC). According to the filing, the aggregate amount held by GAMCO and its affiliates is 13.05 million shares, which represent 5.86% of the company’s outstanding stock. Out of the aggregate amount, GAMCO owns 7.94 million shares. In its latest 13F, GAMCO Investors disclosed holding 9.13 million shares, held as of the end of 2015.
Cablevision Systems has seen an increase in enthusiasm from smart money recently. At the end of the fourth quarter, a total of 46 of the hedge funds tracked by Insider Monkey held long positions in this stock, a increase of 28% from the previous quarter. With the smart money’s sentiment swirling, there exists an “upper tier” of notable hedge fund managers who were boosting their stakes substantially (or already accumulated large positions).
When looking at the institutional investors followed by Insider Monkey, Jericho Capital Asset Management, managed by Josh Resnick, holds the biggest position in Cablevision Systems Corporation (NYSE:CVC). Jericho Capital Asset Management has a $364.6 million position in the stock, comprising 16% of its 13F portfolio. Among other shareholders of Cablevision are Rob Citrone’s Discovery Capital Management, Frank Brosens’s Taconic Capital and Matthew Halbower’s Pentwater Capital Management.
You can access the original SEC filing by clicking here.
Ownership Summary Table
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
Gabelli Funds | 3,935,250 | 3,935,250 | 3,935,250 | 1.77% | ||
GAMCO Asset Management Inc. I.D. No. 13-40445 | 7,553,247 | 7,936,047 | 7,936,047 | 3.57% | ||
Gabelli Securities, Inc. I.D. No. 13-3379374 | 796,155 | 796,155 | 796,155 | 0.36% | ||
MJG Associates, Inc. I.D. No. 06-1304 | 3,000 | 3,000 | 3,000 | 0.00% | ||
MJG-IV Limited Partnership I.D. No. 13-31918 | 43,500 | 43,500 | 43,500 | 0.02% | ||
GGCP, Inc. I.D. No. 13-3056041 | 158,000 | 158,000 | 158,000 | 0.07% | ||
GAMCO Investors, Inc. I.D. No. 13-400786 | 16,699 | 16,699 | 16,699 | 0.01% | ||
Associated Capital Group, Inc. I.D. No. 47-3965991 Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) | 0.00% | |||||
Mario J. Gabelli | 161,600 | 161,600 | 161,600 | 0.07% |
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Page 1 of 18 SEC Filing
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Page 2 of 18 SEC Filing
1 | Names of reporting persons I.R.S. identification nos. of above persons (entities only) Gabelli Funds, LLC I.D. No. 13-4044523 | ||
2 | Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) | ||
3 | Sec use only | ||
4 | Source of funds (SEE INSTRUCTIONS) 00-Funds of investment advisory clients | ||
5 | Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e) | ||
6 | Citizenship or place of organization New York | ||
Number Of Shares Beneficially Owned By Each Reporting Person With | : 7 : : : | Sole voting power 3,935,250 (Item 5) | |
: 8 : : : | Shared voting power None | ||
: 9 : : : | Sole dispositive power 3,935,250 (Item 5) | ||
:10 : : : | Shared dispositive power None | ||
11 | Aggregate amount beneficially owned by each reporting person 3,935,250 (Item 5) | ||
12 | Check box if the aggregate amount in row (11) excludes certain shares (SEE INSTRUCTIONS) | ||
13 | Percent of class represented by amount in row (11) 1.77% | ||
14 | Type of reporting person (SEE INSTRUCTIONS) IA |
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Page 3 of 18 SEC Filing
1 | Names of reporting persons I.R.S. identification nos. of above persons (entities only) GAMCO Asset Management Inc. I.D. No. 13-4044521 | ||
2 | Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) | ||
3 | Sec use only | ||
4 | Source of funds (SEE INSTRUCTIONS) 00-Funds of investment advisory clients | ||
5 | Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e) | ||
6 | Citizenship or place of organization New York | ||
Number Of Shares Beneficially Owned By Each Reporting Person With | : 7 : : : | Sole voting power 7,553,247 (Item 5) | |
: 8 : : : | Shared voting power None | ||
: 9 : : : | Sole dispositive power 7,936,047 (Item 5) | ||
:10 : : : | Shared dispositive power None | ||
11 | Aggregate amount beneficially owned by each reporting person 7,936,047 (Item 5) | ||
12 | Check box if the aggregate amount in row (11) excludes certain shares (SEE INSTRUCTIONS) | ||
13 | Percent of class represented by amount in row (11) 3.57% | ||
14 | Type of reporting person (SEE INSTRUCTIONS) IA, CO |
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Page 4 of 18 SEC Filing
1 | Names of reporting persons I.R.S. identification nos. of above persons (entities only) Gabelli Securities, Inc. I.D. No. 13-3379374 | ||
2 | Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) | ||
3 | Sec use only | ||
4 | Source of funds (SEE INSTRUCTIONS) 00-Client funds | ||
5 | Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e) | ||
6 | Citizenship or place of organization Delaware | ||
Number Of Shares Beneficially Owned By Each Reporting Person With | : 7 : : : | Sole voting power 796,155 (Item 5) | |
: 8 : : : | Shared voting power None | ||
: 9 : : : | Sole dispositive power 796,155 (Item 5) | ||
:10 : : : | Shared dispositive power None | ||
11 | Aggregate amount beneficially owned by each reporting person 796,155 (Item 5) | ||
12 | Check box if the aggregate amount in row (11) excludes certain shares (SEE INSTRUCTIONS) | ||
13 | Percent of class represented by amount in row (11) 0.36% | ||
14 | Type of reporting person (SEE INSTRUCTIONS) HC, CO, IA |
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Page 5 of 18 SEC Filing
1 | Names of reporting persons I.R.S. identification nos. of above persons (entities only) MJG Associates, Inc. I.D. No. 06-1304269 | ||
2 | Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) | ||
3 | Sec use only | ||
4 | Source of funds (SEE INSTRUCTIONS) 00-Client Funds | ||
5 | Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e) | ||
6 | Citizenship or place of organization Connecticut | ||
Number Of Shares Beneficially Owned By Each Reporting Person With | : 7 : : : | Sole voting power 3,000 (Item 5) | |
: 8 : : : | Shared voting power None | ||
: 9 : : : | Sole dispositive power 3,000 (Item 5) | ||
:10 : : : | Shared dispositive power None | ||
11 | Aggregate amount beneficially owned by each reporting person 3,000 (Item 5) | ||
12 | Check box if the aggregate amount in row (11) excludes certain shares (SEE INSTRUCTIONS) | ||
13 | Percent of class represented by amount in row (11) 0.00% | ||
14 | Type of reporting person (SEE INSTRUCTIONS) CO |
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Page 6 of 18 SEC Filing
1 | Names of reporting persons I.R.S. identification nos. of above persons (entities only) MJG-IV Limited Partnership I.D. No. 13-3191826 | ||
Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) | |||
3 | Sec use only | ||
4 | Source of funds (SEE INSTRUCTIONS) PF | ||
5 | Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e) | ||
6 | Citizenship or place of organization New York | ||
Number Of Shares Beneficially Owned By Each Reporting Person With | : 7 : : : | Sole voting power 43,500 (Item 5) | |
: 8 : : : | Shared voting power None | ||
: 9 : : : | Sole dispositive power 43,500 (Item 5) | ||
:10 : : : | Shared dispositive power None | ||
11 | Aggregate amount beneficially owned by each reporting person 43,500 (Item 5) | ||
12 | Check box if the aggregate amount in row (11) excludes certain shares (SEE INSTRUCTIONS) | ||
13 | Percent of class represented by amount in row (11) 0.02% | ||
14 | Type of reporting person (SEE INSTRUCTIONS) PN |
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Page 7 of 18 SEC Filing
1 | Names of reporting persons I.R.S. identification nos. of above persons (entities only) GGCP, Inc. I.D. No. 13-3056041 | ||
2 | Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) | ||
3 | Sec use only | ||
4 | Source of funds (SEE INSTRUCTIONS) WC | ||
5 | Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e) | ||
6 | Citizenship or place of organization Wyoming | ||
Number Of Shares Beneficially Owned By Each Reporting Person With | : 7 : : : | Sole voting power 158,000 (Item 5) | |
: 8 : : : | Shared voting power None | ||
: 9 : : : | Sole dispositive power 158,000 (Item 5) | ||
:10 : : : | Shared dispositive power None | ||
11 | Aggregate amount beneficially owned by each reporting person 158,000 (Item 5) | ||
12 | Check box if the aggregate amount in row (11) excludes certain shares (SEE INSTRUCTIONS) X | ||
13 | Percent of class represented by amount in row (11) 0.07% | ||
14 | Type of reporting person (SEE INSTRUCTIONS) HC, CO |
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Page 8 of 18 SEC Filing
1 | Names of reporting persons I.R.S. identification nos. of above persons (entities only) GAMCO Investors, Inc. I.D. No. 13-4007862 | ||
2 | Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) | ||
3 | Sec use only | ||
4 | Source of funds (SEE INSTRUCTIONS) WC | ||
5 | Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e) | ||
6 | Citizenship or place of organization Delaware | ||
Number Of Shares Beneficially Owned By Each Reporting Person With | : 7 : : : | Sole voting power 16,699 (Item 5) | |
: 8 : : : | Shared voting power None | ||
: 9 : : : | Sole dispositive power 16,699 (Item 5) | ||
:10 : : : | Shared dispositive power None | ||
11 | Aggregate amount beneficially owned by each reporting person 16,699 (Item 5) | ||
12 | Check box if the aggregate amount in row (11) excludes certain shares (SEE INSTRUCTIONS) X | ||
13 | Percent of class represented by amount in row (11) 0.01% | ||
14 | Type of reporting person (SEE INSTRUCTIONS) HC, CO |
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Page 9 of 18 SEC Filing
1 | Names of reporting persons I.R.S. identification nos. of above persons (entities only) Associated Capital Group, Inc. I.D. No. 47-3965991 | ||
Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) | |||
3 | Sec use only | ||
4 | Source of funds (SEE INSTRUCTIONS) None | ||
5 | Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e) | ||
6 | Citizenship or place of organization Delaware | ||
Number Of Shares Beneficially Owned By Each Reporting Person With | : 7 : : : | Sole voting power None (Item 5) | |
: 8 : : : | Shared voting power None | ||
: 9 : : : | Sole dispositive power None (Item 5) | ||
:10 : : : | Shared dispositive power None | ||
11 | Aggregate amount beneficially owned by each reporting person None (Item 5) | ||
12 | Check box if the aggregate amount in row (11) excludes certain shares (SEE INSTRUCTIONS) X | ||
13 | Percent of class represented by amount in row (11) 0.00% | ||
14 | Type of reporting person (SEE INSTRUCTIONS) HC, CO |
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Page 10 of 18 SEC Filing
1 | Names of reporting persons I.R.S. identification nos. of above persons (entities only) Mario J. Gabelli | ||
2 | Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) | ||
3 | Sec use only | ||
4 | Source of funds (SEE INSTRUCTIONS) 00-Funds of private entities | ||
5 | Check box if disclosure of legal proceedings is required pursuant to items 2 (d) or 2 (e) | ||
6 | Citizenship or place of organization USA | ||
Number Of Shares Beneficially Owned By Each Reporting Person With | : 7 : : : | Sole voting power 161,600 (Item 5) | |
: 8 : : : | Shared voting power None | ||
: 9 : : : | Sole dispositive power 161,600 (Item 5) | ||
:10 : : : | Shared dispositive power None | ||
11 | Aggregate amount beneficially owned by each reporting person 161,600 (Item 5) | ||
12 | Check box if the aggregate amount in row (11) excludes certain shares (SEE INSTRUCTIONS) X | ||
13 | Percent of class represented by amount in row (11) 0.07% | ||
14 | Type of reporting person (SEE INSTRUCTIONS) IN |
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Page 11 of 18 SEC Filing
Name | Shares of Common Stock | % of Class of Common |
Gabelli Funds | 3,935,250 | 1.77% |
GAMCO | 7,936,047 | 3.57% |
MJG-IV | 43,500 | 0.02% |
GGCP | 158,000 | 0.07% |
MJG Associates | 3,000 | 0.00% |
GSI | 796,155 | 0.36% |
Mario Gabelli | 161,600 | 0.07% |
GBL | 16,699 | 0.01% |
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Page 12 of 18 SEC Filing
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Page 13 of 18 SEC Filing
The following sets forth as to each of the executive officers and directors of the undersigned: his name; his business address; his present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted. Unless otherwise specified, the principal employer of each such individual is GAMCO Asset Management Inc., Gabelli Funds, LLC, Gabelli Securities, Inc., G.research, Inc., Teton Advisors, Inc., Associated Capital Group, Inc. or GAMCO Investors, Inc., the business address of each of which is One Corporate Center, Rye, New York 10580, and each such individual identified below is a citizen of the United States. To the knowledge of the undersigned, during the last five years, no such person has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), and no such person was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities law or finding any violation with respect to such laws except as reported in Item 2(d) and (e) of this Schedule 13D. |
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Page 14 of 18 SEC Filing
GAMCO Investors, Inc. Directors: | |
Edwin L. Artzt Raymond C. Avansino Marc Gabelli | Former Chairman and Chief Executive Officer Procter & Gamble Company 900 Adams Crossing Cincinnati, OH 45202 Chairman & Chief Executive Officer E.L. Wiegand Foundation 165 West Liberty Street Reno, NV 89501 President of Associated Capital Group, Inc. President and Managing Director of Gabelli Securities, Inc. |
Mario J. Gabelli Elisa M. Wilson | Chief Executive Officer and Chief Investment Officer of GGCP, Inc. Chairman & Chief Executive Officer of GAMCO Investors, Inc. Executive Chairman & Chief Executive Officer of Associated Capital Group, Inc. Director/Trustee of all registered investment companies advised by Gabelli Funds, LLC. Director c/o GAMCO Investors, Inc. One Corporate Center Rye, NY 10580 |
Eugene R. McGrath | Former Chairman and Chief Executive Officer Consolidated Edison, Inc. 4 Irving Place New York, NY 10003 |
Robert S. Prather | President & Chief Executive Officer Heartland Media, LLC 1843 West Wesley Road Atlanta, GA 30327 |
Officers: | |
Mario J. Gabelli | Chairman and Chief Executive Officer |
Douglas R. Jamieson Henry G. Van der Eb Bruce N. Alpert Agnes Mullady Kevin Handwerker | President and Chief Operating Officer Senior Vice President Senior Vice President Senior Vice President Executive Vice President, General Counsel and Secretary |
GAMCO Asset Management Inc. Directors: | |
Douglas R. Jamieson Regina M. Pitaro William S. Selby | |
Officers: | |
Mario J. Gabelli | Chief Executive Officer and Chief Investment Officer – Value Portfolios |
Douglas R. Jamieson David Goldman | President, Chief Operating Officer and Managing Director General Counsel, Secretary & Chief Compliance Officer |
Gabelli Funds, LLC Officers: | |
Mario J. Gabelli | Chief Investment Officer – Value Portfolios |
Bruce N. Alpert | Executive Vice President and Chief Operating Officer |
Agnes Mullady | President and Chief Operating Officer – Open End Fund Division |
David Goldman | General Counsel |
Gabelli Securities, Inc. | |
Directors: | |
Robert W. Blake | President of W. R. Blake & Sons, Inc. 196-20 Northern Boulevard Flushing, NY 11358 |
Douglas G. DeVivo | Co-Chairman of the Board Alce Partners, L.P. 40 Laburnum Road Atherton, CA 94027 |
Marc J. Gabelli | Co-Chairman of the Board See above |
Douglas R. Jamieson | President |
William C. Mattison, Jr. | Former Vice Chairman – Gerard, Klauer Mattison & Co., Inc. |
Salvatore F. Sodano | Vice Chairman Chairman and Chief Executive Officer Worldwide Capital Advisory Partners, LLC 520 White Plains Road, Suite 500 Tarrytown, NY 10591 |
Officers: | |
Douglas R. Jamieson Diane M. LaPointe Kevin Handwerker David M. Goldman David Fitzgerald | See above Controller Secretary General Counsel & Assistant Secretary Chief Compliance Officer |
G.research, LLC Directors: | |
Daniel M. Miller | Chairman |
Cornelius V. McGinity | President |
Officers: | |
Daniel M. Miller | See above |
Cornelius V. McGinity | See above |
Bruce N. Alpert Diane M. LaPointe Douglas R. Jamieson David M. Goldman Josephine D. LaFauci | Vice President Controller and Financial & Operations Principal Secretary Assistant Secretary Chief Compliance Officer |
Gabelli Foundation, Inc. Officers: | |
Mario J. Gabelli | Chairman, Trustee & Chief Investment Officer |
Elisa M. Wilson Marc J. Gabelli Matthew R. Gabelli Michael Gabelli | President Trustee Trustee Trustee |
MJG-IV Limited Partnership Officers: | |
Mario J. Gabelli | General Partner |
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Page 15 of 18 SEC Filing
GGCP, Inc. Directors: | ||
Mario J. Gabelli | Chief Executive Officer and Chief Investment Officer of GGCP, Inc. Chairman & Chief Executive Officer of GAMCO Investors, Inc. Executive Chairman & Chief Executive Officer of Associated Capital Group, Inc. Director/Trustee of all registered investment companies advised by Gabelli Funds, LLC. | |
Marc J. Gabelli | President of Associated Capital Group, Inc. President and Managing Director of Gabelli Securities, Inc. | |
Matthew R. Gabelli | Vice President – Trading G.research, Inc. One Corporate Center Rye, NY 10580 | |
Michael Gabelli | President & COO Gabelli & Partners, LLC One Corporate Center Rye, NY 10580 | |
Frederic V. Salerno | Chairman Former Vice Chairman and Chief Financial Officer Verizon Communications | |
Vincent S. Tese | Executive Chairman – FCB Financial Corp | |
Officers: | ||
Mario J. Gabelli | Chief Executive Officer and Chief Investment Officer | |
Marc J. Gabelli | President | |
Silvio A. Berni | Vice President, Assistant Secretary and Controller | |
GGCP Holdings LLC Members: GGCP, Inc. Mario J. Gabelli | Manager and Member Member |
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Page 16 of 18 SEC Filing
Teton Advisors, Inc. Directors: | |
Howard F. Ward Nicholas F. Galluccio Vincent J. Amabile John Tesoro | Chairman of the Board Chief Executive Officer and President |
Officers: | |
Howard F. Ward Nicholas F. Galluccio Michael J. Mancuso David Goldman Tiffany Hayden | See above See above Chief Financial Officer General Counsel Secretary |
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Page 17 of 18 SEC Filing
Associated Capital Group, Inc. Directors: | |
Mario J. Gabelli | Chief Executive Officer and Chief Investment Officer of GGCP, Inc. Chairman & Chief Executive Officer of GAMCO Investors, Inc. Executive Chairman & Chief Executive Officer of Associated Capital Group, Inc. Director/Trustee of all registered investment companies advised by Gabelli Funds, LLC. |
Marc J. Gabelli | Chairman of The LGL Group, Inc. 2525 Shader Road Orlando, FL 32804 |
Richard L. Bready | Former Chairman and Chief Executive Officer Nortek, Inc. 50 Kennedy Plaza Providence, RI 02903 |
Bruce Lisman | Former Chairman – JP Morgan – global equity division |
Daniel R. Lee | Chief Executive Officer Full House Resorts, Inc. 4670 South Ford Apache Road, Suite 190 Las Vegas, NV 89147 |
Salvatore F. Sodano | Vice Chairman of the Board (see above) |
Officers: | |
Mario J. Gabelli Marc Gabelli Patrick Dennis Kevin Handwerker | Chairman of the Board and Chief Executive Officer President Executive Vice President and Chief Financial Officer Executive Vice President, General Counsel and Secretary |