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Shenandoah Telecom
SHEN

78 hedge funds and large institutions have $203M invested in Shenandoah Telecom in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 30 increasing their positions, 27 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

53% more capital invested

Capital invested by funds: $133M → $203M (+$70.7M)

13% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 8

11% more repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 27

1% more funds holding

Funds holding: 77 → 78 (+1)

Holders
78
Holders Change
+1
Holders Change %
+1.3%
% of All Funds
2.53%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
30
Reduced
27
Closed
8
Calls
$135K
Puts
–
Net Calls
+$135K
Net Calls Change
+$135K

Top Buyers

Rank Fund Capital Flow
1
1WCM
12 West Capital Management
New York
+$15.3M
2
TC
TFS Capital
Pennsylvania
+$1.26M
3
VNA
VNBTrust National Association
Virginia
+$1.1M
4
Goldman Sachs
Goldman Sachs
New York
+$515K
5
LSV Asset Management
LSV Asset Management
Illinois
+$445K

Top Sellers

Rank Fund Capital Flow
1
Ameriprise
Ameriprise
Minnesota
-$4.2M
2
BFA
BlackRock Fund Advisors
California
-$1.32M
3
AAM
Aberdeen Asset Management
United Kingdom
-$1.31M
4
Morgan Stanley
Morgan Stanley
New York
-$903K
5
HCM
Highbridge Capital Management
New York
-$553K
Name Holding Trade Value Shares
Change 		Change in
Stake
California Public Employees Retirement System
26
California Public Employees Retirement System
California
$1.41M -$393K -40,800 -26%
VNA
27
VNBTrust National Association
Virginia
$1.37M +$1.1M +114,000 New
American Century Companies
28
American Century Companies
Missouri
$1.06M +$378K +39,254 +81%
California State Teachers Retirement System (CalSTRS)
29
California State Teachers Retirement System (CalSTRS)
California
$1.04M +$26.7K +2,770 +3%
AllianceBernstein
30
AllianceBernstein
Tennessee
$1.03M +$24.4K +2,528 +3%
SO
31
STRS Ohio
Ohio
$1.01M -$165K -17,158 -17%
PPA
32
Parametric Portfolio Associates
Washington
$1M +$49.4K +5,126 +7%
CIM
33
Calvert Investment Management
Maryland
$963K +$432K +44,806 +128%
TBC
34
Tweedy, Browne Co
Connecticut
$960K – – –
Prudential Financial
35
Prudential Financial
New Jersey
$919K +$139K +14,400 +23%
WCM
36
Wedge Capital Management
North Carolina
$911K -$98.3K -10,200 -12%
Deutsche Bank
37
Deutsche Bank
Germany
$899K +$294K +30,538 +69%
Morgan Stanley
38
Morgan Stanley
New York
$830K -$903K -93,692 -58%
TA
39
Teachers Advisors
New York
$784K +$25.8K +2,682 +4%
First Trust Advisors
40
First Trust Advisors
Illinois
$753K +$59.4K +6,162 +11%
CS
41
Credit Suisse
Switzerland
$714K +$55.3K +5,742 +11%
State Board of Administration of Florida Retirement System
42
State Board of Administration of Florida Retirement System
Florida
$649K – – –
VOYA Investment Management
43
VOYA Investment Management
Georgia
$598K – – –
RhumbLine Advisers
44
RhumbLine Advisers
Massachusetts
$560K -$4.64K -482 -1%
NFA
45
Nationwide Fund Advisors
Ohio
$550K +$53.7K +5,576 +14%
JP Morgan Chase
46
JP Morgan Chase
New York
$519K +$163K +16,878 +64%
BCM
47
Bridgeway Capital Management
Texas
$513K – – –
SAM
48
Shell Asset Management
Netherlands
$498K – – –
Invesco
49
Invesco
Georgia
$497K +$54.2K +5,626 +16%
MLICM
50
Metropolitan Life Insurance Company (MetLife)
New York
$472K – – –
1
2
3 4

SHEN Hedge Fund Activity: Q3 2013 in Review

78 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Shenandoah Telecom (SHEN) for Q3 2013, worth a combined $203M — up 53% from $133M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new SHEN positions and 8 closed out — a net gain of 1 holder — while 30 added to existing stakes and 27 trimmed.

The largest buyer was 12 West Capital Management, opening a new position worth an estimated $15.3M. The largest seller was Ameriprise, cutting an estimated $4.2M.

  • 78 institutional investors held Shenandoah Telecom (SHEN) as of Q3 2013, up from 77 in Q2 2013.
  • Funds reported $203M of Shenandoah Telecom stock for Q3 2013, up 53% quarter-over-quarter.
  • 9 funds opened new Shenandoah Telecom positions in Q3 2013 and 8 closed out, a net change of +1 holder.
  • The largest Shenandoah Telecom buyer in Q3 2013 was 12 West Capital Management, an estimated $15.3M added.
  • The largest Shenandoah Telecom seller in Q3 2013 was Ameriprise, an estimated $4.2M sold.

Based on aggregated 13F filings for Q3 2013.