TDAYNYSENewspapers: Publishing or Publishing & PrintingFiscal year ends December 31
USA TODAY Co., Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$6.95−0.02 (-0.29%)
Close on Oct 19, 2026
- Market cap
- $1.35B
- P/E (TTM)
- 695.0
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
95.0%
139M of 147M shares
Institutional holders
222
34 new, 29 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
0 buys · 1 sales
Net sold $78.81K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Two Seas Capital LP | 14,180,621 | 9.60% | 13G (passive) amendment | Sep 30, 2025 |
| Apollo Capital Management, L.P. | 12,128,756 | 8.30% | 13G (passive) amendment | Jun 30, 2026 |
| Apollo Management Holdings GP, LLC | 12,128,756 | 8.30% | 13G (passive) amendment | Mar 31, 2026 |
| Apollo Management Holdings, L.P. | 12,128,756 | 8.20% | 13G (passive) amendment | Dec 31, 2025 |
| Apollo Capital Management GP, LLC | 11,900,000 | 8.10% | 13G (passive) amendment | Sep 30, 2025 |
| Alta Fundamental Advisers LLC | 11,165,692 | 7.60% | 13G (passive) amendment | Mar 31, 2025 |
| BlackRock, Inc. | 10,753,112 | 7.20% | 13G (passive) amendment | Dec 31, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of TDAY | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Two Seas Capital LP | 14,070,311 | 9.58% | $120.30M | +24,868 | 2.38% |
| Apollo Management Holdings, L.P. | 12,128,756 | 8.26% | $103.70M | – | 1.16% |
| Alta Fundamental Advisers LLC | 10,748,543 | 7.32% | $91.90M | – | 27.56% |
| BlackRock, Inc. | 10,510,604 | 7.16% | $89.87M | +331,386 | 0.00% |
| Cooperman Leon G | 6,271,961 | 4.27% | $53.63M | – | 1.51% |
| Vanguard Capital Management LLC | 6,043,885 | 4.12% | $51.68M | +129,344 | 0.00% |
| Goldman Sachs Group Inc | 4,988,952 | 3.40% | $42.66M | −2,171,105 | 0.00% |
| D. E. Shaw & Co., Inc. | 4,475,879 | 3.05% | $38.27M | +673,568 | 0.02% |
| Philosophy Capital Management LLC | 4,300,000 | 2.93% | $36.77M | – | 1.74% |
| VR Advisory Services Ltd | 3,698,460 | 2.52% | $31.62M | +16,977 | 2.80% |
| Geode Capital Management, LLC | 3,697,254 | 2.52% | $31.62M | +539,185 | 0.00% |
| Dimensional Fund Advisors LP | 3,523,489 | 2.40% | $30.13M | +65,995 | 0.01% |
| Bank Of America Corp /De/ | 3,494,905 | 2.38% | $29.88M | +3,118,018 | 0.00% |
| State Street Corp | 3,189,119 | 2.17% | $27.27M | +77,680 | 0.00% |
| Oasis Management Co Ltd. | 3,078,562 | 2.10% | $26.32M | +1,748,730 | 1.40% |
| Stonehill Capital Management LLC | 2,981,555 | 2.03% | $25.49K | – | 7.28% |
| Parkwood LLC | 2,954,300 | 2.01% | $25.26K | +624,300 | 1.81% |
| Vanguard Portfolio Management LLC | 2,461,676 | 1.68% | $21.05M | +814,815 | 0.00% |
| Charles Schwab Investment Management Inc | 2,453,490 | 1.67% | $20.98M | −421,934 | 0.00% |
| Whitefort Capital Management, LP | 2,004,833 | 1.37% | $17.14M | −1,120,000 | 4.23% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 222 | 139M | 95.0% | 34 / 78 | 59 / 29 | 17M | 16M |
| Q1 2026 | 221 | 139M | 94.6% | 50 / 68 | 61 / 17 | 27M | 17M |
| Q4 2025 | 192 | 138M | 94.1% | 31 / 55 | 71 / 32 | 23M | 11M |
| Q3 2025 | 197 | 126M | 86.0% | 39 / 66 | 53 / 23 | 11M | 10M |
| Q2 2025 | 183 | 125M | 84.9% | 28 / 55 | 62 / 25 | 21M | 15M |
| Q1 2025 | 182 | 119M | 81.1% | 22 / 62 | 61 / 38 | 15M | 13M |
| Q4 2024 | 203 | 119M | 81.2% | 39 / 70 | 51 / 25 | 11M | 8M |
| Q3 2024 | 190 | 116M | 79.0% | 45 / 67 | 43 / 23 | 26M | 9M |
| Q2 2024 | 170 | 109M | 74.5% | 43 / 53 | 43 / 19 | 15M | 11M |
| Q1 2024 | 147 | 105M | 71.5% | 21 / 37 | 55 / 20 | 7M | 5M |
| Q4 2023 | 149 | 103M | 70.3% | 18 / 39 | 54 / 19 | 10M | 10M |
| Q3 2023 | 153 | 103M | 70.5% | 22 / 44 | 51 / 19 | 9M | 12M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of TDAY | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 4,444,000 | 3.03% | $38.00M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 3,523,225 | 2.40% | $30.12M | 0.04% | Jun 30, 2026 |
| Fidelity Enhanced Small Cap Core ETF | 1,649,694 | 1.12% | $14.10M | 0.24% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 1,492,981 | 1.02% | $12.97M | 0.04% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 1,457,455 | 0.99% | $12.46M | 0.01% | Jun 30, 2026 |
| iShares Russell 2000 Growth ETF | 1,289,017 | 0.88% | $11.02M | 0.07% | Jun 30, 2026 |
| Schwab Fundamental U.S. Small Company ETF | 1,276,206 | 0.87% | $9.97M | 0.11% | May 31, 2026 |
| Hennessy Cornerstone Growth Fund | 1,237,254 | 0.84% | $10.75M | 2.21% | Jul 31, 2026 |
| Vanguard Russell 2000 Index Fund | 724,530 | 0.49% | $5.66M | 0.03% | May 31, 2026 |
| U.S. Small Cap Portfolio | 658,418 | 0.45% | $5.72M | 0.03% | Jul 31, 2026 |
| Fidelity Extended Market Index Fund | 647,998 | 0.44% | $5.06M | 0.01% | May 31, 2026 |
| Schwab U.S. Small-Cap ETF | 605,770 | 0.41% | $4.73M | 0.02% | May 31, 2026 |
| Vanguard Communication Services Index Fund | 553,951 | 0.38% | $4.33M | 0.07% | May 31, 2026 |
| U.S. Micro Cap Portfolio | 504,380 | 0.34% | $4.38M | 0.06% | Jul 31, 2026 |
| Dimensional U.S. Small Cap ETF | 488,548 | 0.33% | $4.25M | 0.03% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Michael Reed | Chief Executive Officer, Director | 3,170,931 | 2.16% | Aug 12, 2026 |
| Trisha Gosser | CFO | 163,981 | 0.11% | Aug 12, 2026 |
| Cindy Gallagher | CAO | 126,890 | 0.09% | Aug 12, 2026 |
| Timothy Kyle Allen | Director | – | – | Sep 15, 2026 |
| John Jeffry Louis | Director | 678,459 | 0.46% | Jul 16, 2026 |
| Maha Al-Emam | Director | 82,726 | 0.06% | Jun 3, 2026 |
| Kevin M. Sheehan | Director | 239,392 | 0.16% | Jun 3, 2026 |
| Theodore Peter Janulis | Director | 284,392 | 0.19% | Jun 3, 2026 |
| Debra A. Sandler | Director | 276,087 | 0.19% | Jun 3, 2026 |
| Barbara W. Wall | Director | 445,883 | 0.30% | Jun 3, 2026 |
| Amy Reinhard | Director | 186,319 | 0.13% | Jun 3, 2026 |
| Laurence Tarica | Director | 1,125,479 | 0.77% | Jun 4, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Cindy Gallagher CAO | Aug 6, 2026 | Tax withholding | −2,731 | $8.00 | $21.85K | 126,890 |
| Cindy Gallagher CAO | Aug 6, 2026 | Option exercise | +9,070 | – | – | 129,621 |
| Michael Reed Chief Executive Officer, Director | Aug 6, 2026 | Tax withholding | −57,880 | $8.00 | $463.04K | 3,170,931 |
| Michael Reed Chief Executive Officer, Director | Aug 6, 2026 | Option exercise | +113,379 | – | – | 3,228,811 |
| Trisha Gosser CFO | Aug 6, 2026 | Option exercise | +10,393 | – | – | 167,307 |
| Trisha Gosser CFO | Aug 6, 2026 | Tax withholding | −3,326 | $8.00 | $26.61K | 163,981 |
| Cindy Gallagher CAO | Aug 5, 2026 | Tax withholding | −2,888 | $8.66 | $25.01K | 120,551 |
| Cindy Gallagher CAO | Aug 5, 2026 | Option exercise | +9,592 | – | – | 123,439 |
| Michael Reed Chief Executive Officer, Director | Aug 5, 2026 | Option exercise | +119,904 | – | – | 3,176,643 |
| Michael Reed Chief Executive Officer, Director | Aug 5, 2026 | Tax withholding | −61,211 | $8.66 | $530.09K | 3,115,432 |
| Trisha Gosser CFO | Aug 5, 2026 | Tax withholding | −9,465 | $8.66 | $81.97K | 156,914 |
| Trisha Gosser CFO | Aug 5, 2026 | Option exercise | +29,576 | – | – | 166,379 |
| John Jeffry Louis Director | Jun 30, 2026 | Award | +3,508 | – | – | 665,108 |
| Barbara W. Wall Director | Jun 2, 2026 | Award | +16,046 | – | – | 443,985 |
| Debra A. Sandler Director | Jun 2, 2026 | Award | +16,046 | – | – | 276,087 |
| Maha Al-Emam Director | Jun 2, 2026 | Award | +16,046 | – | – | 82,726 |
| Theodore Peter Janulis Director | Jun 2, 2026 | Award | +16,046 | – | – | 284,392 |
| Amy Reinhard Director | Jun 2, 2026 | Award | +16,046 | – | – | 186,319 |
| Kevin M. Sheehan Director | Jun 2, 2026 | Award | +16,046 | – | – | 239,392 |
| John Jeffry Louis Director | Jun 2, 2026 | Award | +16,046 | – | – | 661,600 |
| John Jeffry Louis Director | Mar 31, 2026 | Award | +4,255 | – | – | 645,554 |
| Trisha Gosser CFO | Mar 24, 2026 | Tax withholding | −7,782 | $6.70 | $52.14K | 136,803 |
| Michael Reed Chief Executive Officer, Director | Mar 24, 2026 | Tax withholding | −139,481 | $6.70 | $934.52K | 3,056,739 |
| Cindy Gallagher CAO | Mar 24, 2026 | Tax withholding | −6,319 | $6.70 | $42.34K | 113,847 |
| John Jeffry Louis Director | Feb 6, 2026 | Sale | −13,471 | $5.85 | $78.81K | 0 |
| Amy Reinhard Director | Dec 31, 2025 | Award | +2,912 | $5.15 | $15.00K | 170,273 |
| John Jeffry Louis Director | Dec 31, 2025 | Award | +5,825 | $5.15 | $30.00K | 641,299 |
| Amy Reinhard Director | Sep 30, 2025 | Award | +3,631 | $4.13 | $15.00K | 167,361 |
| John Jeffry Louis Director | Sep 30, 2025 | Award | +7,263 | $4.13 | $30.00K | 635,474 |
| Trisha Gosser CFO | Aug 6, 2025 | Option exercise | +10,393 | – | – | 147,911 |
| Trisha Gosser CFO | Aug 6, 2025 | Tax withholding | −3,326 | $4.12 | $13.70K | 144,585 |
| Cindy Gallagher CAO | Aug 6, 2025 | Option exercise | +9,070 | – | – | 122,897 |
| Cindy Gallagher CAO | Aug 6, 2025 | Tax withholding | −2,731 | $4.12 | $11.25K | 120,166 |
| Michael Reed Chief Executive Officer, Director | Aug 6, 2025 | Option exercise | +113,378 | – | – | 3,254,100 |
| Michael Reed Chief Executive Officer, Director | Aug 6, 2025 | Tax withholding | −57,880 | $4.12 | $238.47K | 3,196,220 |
| Amy Reinhard Director | Jun 30, 2025 | Award | +4,189 | $3.58 | $15.00K | 163,730 |
| John Jeffry Louis Director | Jun 30, 2025 | Award | +8,379 | $3.58 | $30.00K | 628,211 |
| Trisha Gosser CFO | Jun 15, 2025 | Tax withholding | −8,704 | $3.40 | $29.59K | 137,518 |
| Theodore Peter Janulis Director | Jun 3, 2025 | Award | +35,816 | – | – | 268,346 |
| Maha Al-Emam Director | Jun 3, 2025 | Award | +35,816 | – | – | 66,680 |
| Amy Reinhard Director | Jun 3, 2025 | Award | +35,816 | – | – | 159,541 |
| Barbara W. Wall Director | Jun 3, 2025 | Award | +35,816 | – | – | 427,939 |
| John Jeffry Louis Director | Jun 3, 2025 | Award | +35,816 | – | – | 619,832 |
| Debra A. Sandler Director | Jun 3, 2025 | Award | +35,816 | – | – | 260,041 |
| Laurence Tarica Director | Jun 3, 2025 | Award | +35,816 | – | – | 1,125,479 |
| Kevin M. Sheehan Director | Jun 3, 2025 | Award | +35,816 | – | – | 223,346 |
| Michael Reed Chief Executive Officer, Director | May 6, 2025 | Buy | +6,000 | $3.20 | $19.20K | 3,140,722 |
| Michael Reed Chief Executive Officer, Director | May 5, 2025 | Buy | +27,000 | $3.25 | $87.75K | 3,134,722 |
| John Jeffry Louis Director | Mar 31, 2025 | Award | +9,013 | $2.89 | $26.05K | 584,016 |
| Amy Reinhard Director | Mar 31, 2025 | Award | +4,325 | $2.89 | $12.50K | 123,725 |
| Trisha Gosser CFO | Mar 24, 2025 | Tax withholding | −14,131 | $3.15 | $44.51K | 146,222 |
| Michael Reed Chief Executive Officer, Director | Mar 24, 2025 | Tax withholding | −89,461 | $3.15 | $281.80K | 3,107,722 |
| Michael Reed Chief Executive Officer, Director | Mar 24, 2025 | Award | +184,934 | – | – | 3,197,183 |
| Michael Reed Chief Executive Officer, Director | Mar 24, 2025 | Tax withholding | −194,722 | $3.15 | $613.37K | 3,012,249 |
| Cindy Gallagher CAO | Mar 24, 2025 | Tax withholding | −11,531 | $3.15 | $36.32K | 113,827 |
| John Jeffry Louis Director | Dec 31, 2024 | Award | +4,940 | $5.06 | $25.00K | 575,003 |
| Kevin M. Sheehan Director | Nov 25, 2024 | Gift | −100,000 | – | – | 187,530 |
| John Jeffry Louis Director | Sep 30, 2024 | Award | +4,448 | $5.62 | $25.00K | 570,063 |
| Laurence Tarica Director | Sep 13, 2024 | Buy | +50,000 | $4.50 | $225.00K | 1,089,663 |
| John Jeffry Louis Director | Jun 30, 2024 | Award | +5,422 | $4.61 | $25.00K | 565,615 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Douglas Edward Horne Former Officer | Jun 2, 2025 | 100,273 | $343.06K | Jun 2, 2025 | Restricted Stock Vesting |
| Douglas Edward Horne Former Officer | May 9, 2025 | 155,000 | $546.93K | May 9, 2025 | Restricted Stock Vesting |
| Douglas Edward Horne Former Officer | May 8, 2025 | 75,000 | $255.78K | May 8, 2025 | Restricted Stock Vesting |
| Douglas Edward Horne Former Officer | May 7, 2025 | 150,000 | $499.52K | May 7, 2025 | Restricted Stock Vesting |
| Douglas Edward Horne Former Officer | May 6, 2025 | 100,000 | $316.84K | May 6, 2025 | Restricted Stock Vesting |
| Douglas Edward Horne Former Officer | May 5, 2025 | 100,000 | $318.02K | May 5, 2025 | Restricted Stock Vesting |