SAGA COMMUNICATIONS INC

Ticker: SGA CUSIP: 786598300 Class: COM

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

New Positions (2)

LPL Financial LLC
Value ($000) $163 Shares 14,200
IFS Advisors, LLC
Value ($000) $1 Shares 100

Increased Positions (3)

GEODE CAPITAL MANAGEMENT, LLC
Value ($000) $678 (-5.2%) Shares 59,371 (+3.3%)
Tower Research Capital LLC (TRC)
Value ($000) $7 (+88.5%) Shares 631 (+104.9%)
GOLDMAN SACHS GROUP INC
Value ($000) $131 (-6.1%) Shares 11,446 (+2.0%)

Decreased Positions (9)

Minerva Advisors LLC
Value ($000) $364 (-87.1%) Shares 31,831 (-86.0%)
Peapod Lane Capital LLC
Value ($000) $1,962 (-13.6%) Shares 171,917 (-5.8%)
DIMENSIONAL FUND ADVISORS LP
Value ($000) $3,985 (-10.4%) Shares 349,262 (-2.3%)
UBS Group AG
Value ($000) $0 (-99.9%) Shares 6 (-99.9%)
RENAISSANCE TECHNOLOGIES LLC
Value ($000) $1,282 (-11.1%) Shares 111,944 (-3.4%)
BRIDGEWAY CAPITAL MANAGEMENT, LLC
Value ($000) $792 (-11.0%) Shares 69,440 (-3.0%)
CITIGROUP INC
Value ($000) $0 (-100.0%) Shares 1 (-99.9%)
MORGAN STANLEY
Value ($000) $130 (-9.2%) Shares 11,360 (-1.4%)
SBI Securities Co., Ltd.
Value ($000) $0 (-58.9%) Shares 4 (-55.6%)

Exited Positions (3)

Aristides Capital LLC
Value ($000) $151 Shares 12,160
Empowered Funds, LLC
Value ($000) $398 Shares 32,001
Archer Investment Corp
Value ($000) $1 Shares 50