13D Filing: Gamco Investors and Cablevision Systems Corp (CVC)

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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

Washington, D.C. 20549
Under the Securities Exchange Act of 1934 (Amendment No. 55)
Cablevision Systems Corporation
(Name of Issuer)
Class A Common Stock
(Title of Class of Securities)
(CUSIP Number)
David Goldman
GAMCO Investors, Inc.
One Corporate Center
Rye, New York 10580-1435
(914) 921-5000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
___________________March 7, 2016_______________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  .

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