SCHEDULE 13G/A: Pacer Funds and Affiliates Disclose 1.31% Passive Stake in Tegna Inc.

Pacer US Small Cap Cash Cows ETF, Pacer US Small Cap Cash Cows Growth Leaders ETF, Pacer Advisors, Inc., and Joe M. Thomson have jointly filed an amended Schedule 13G, disclosing a combined beneficial ownership of 1.31% of Tegna Inc.'s common stock as of March 31, 2025.

Summary

• The filing is an Amendment No. 1 to Schedule 13G, indicating a change in beneficial ownership of Tegna Inc. (Issuer) common stock.
• The Reporting Persons include Pacer US Small Cap Cash Cows ETF, Pacer US Small Cap Cash Cows Growth Leaders ETF (collectively, the Funds), Pacer Advisors, Inc. (the Adviser), and Joe M. Thomson.
• As of March 31, 2025, the Reporting Persons collectively beneficially own 2,093,647 shares of Tegna Inc. Common Stock.
• This aggregate ownership represents 1.31% of Tegna Inc.'s outstanding common stock, calculated based on 159,898,041 shares outstanding as of December 31, 2024.
• The ownership is held with shared voting power and shared dispositive power for all 2,093,647 shares by the Funds, the Adviser, and Mr. Thomson.
• The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing disclosing passive beneficial ownership. It provides factual information about an investment stake and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or outlook.

Positives

• The disclosure of a passive stake by institutional investors like Pacer Funds indicates continued market interest and liquidity in Tegna Inc.'s stock.
• The filing confirms that the investment is for ordinary course of business purposes, not for control, suggesting a stable, non-activist investment.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain any forward-looking statements or guidance regarding Tegna Inc.'s future operations or financial performance.

Management Comments

• Joe M. Thomson, Chairman and President of Pacer US Small Cap Cash Cows ETF and Pacer US Small Cap Cash Cows Growth Leaders ETF, and President of Pacer Advisors, Inc., certified that 'to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11.'

Industry Context

This filing represents a routine disclosure of an institutional investment firm's passive stake in a publicly traded media company, Tegna Inc. It does not provide specific insights into broader industry trends or competitive dynamics within the media sector.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, potentially signaling confidence from a passive investor.

Key Dates

Keywords

Tegna Inc., Pacer US Small Cap Cash Cows ETF, Pacer US Small Cap Cash Cows Growth Leaders ETF, Pacer Advisors Inc., Joe M. Thomson, Schedule 13G, beneficial ownership, common stock, institutional investment, passive stake