Shenandoah Telecom
SHEN
125 hedge funds and large institutions have $643M invested in Shenandoah Telecom in 2016 Q3 according to their latest regulatory filings, with 20 funds opening new positions, 41 increasing their positions, 42 reducing their positions, and 32 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
2% less repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 42
9% less funds holding
Funds holding: 137 → 125 (-12)
22% less capital invested
Capital invested by funds: $821M → $643M (-$179M)
38% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 32
62% less call options, than puts
Call options by funds: $455K | Put options by funds: $1.19M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
TimesSquare Capital Management
New York
|
+$35.8M |
| 2 |
AAM
Aberdeen Asset Management
Aberdeen,
United Kingdom
|
+$21.7M |
| 3 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
+$15M |
| 4 |
ECP
Elk Creek Partners
Denver,
Colorado
|
+$7.86M |
| 5 |
Renaissance Technologies
New York
|
+$6.46M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GAM
Gotham Asset Management
New York
|
-$7.34M |
| 2 |
JIR
James Investment Research
Alpha,
Ohio
|
-$6.91M |
| 3 |
Prudential Financial
Newark,
New Jersey
|
-$5.31M |
| 4 |
BIM
Bogle Investment Management
Newton Lower Falls,
Massachusetts
|
-$4.95M |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$4.58M |
SHEN Hedge Fund Activity: Q3 2016 in Review
125 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in Shenandoah Telecom (SHEN) for Q3 2016, worth a combined $643M — down 22% from $821M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of SHEN and 20 opened new positions — a net loss of 12 holders — while 42 trimmed existing stakes and 41 added.
The largest buyer was TimesSquare Capital Management, opening a new position worth an estimated $35.8M. The largest seller was Gotham Asset Management, exiting entirely with an estimated $7.34M sold.
- 125 institutional investors held Shenandoah Telecom (SHEN) as of Q3 2016, down from 137 in Q2 2016.
- Funds reported $643M of Shenandoah Telecom stock for Q3 2016, down 22% quarter-over-quarter.
- 20 funds opened new Shenandoah Telecom positions in Q3 2016 and 32 closed out, a net change of -12 holders.
- The largest Shenandoah Telecom buyer in Q3 2016 was TimesSquare Capital Management, an estimated $35.8M added.
- The largest Shenandoah Telecom seller in Q3 2016 was Gotham Asset Management, an estimated $7.34M sold.
Based on aggregated 13F filings for Q3 2016.