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Shenandoah Telecom
SHEN

110 hedge funds and large institutions have $654M invested in Shenandoah Telecom in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 35 increasing their positions, 46 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

492% more call options, than puts

Call options by funds: $296K | Put options by funds: $50K

49% more ownership

Funds ownership: 0% → 49% (+49%)

2% more capital invested

Capital invested by funds: $643M → $654M (+$11.8M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

12% less funds holding

Funds holding: 125 → 110 (-15)

24% less repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 46

54% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 24

Holders
110
Holders Change
-15
Holders Change %
-12%
% of All Funds
2.75%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
11
Increased
35
Reduced
46
Closed
24
Calls
$296K
Puts
$50K
Net Calls
+$246K
Net Calls Change
+$984K

Top Buyers

Rank Fund Capital Flow
1
AAM
Aberdeen Asset Management
United Kingdom
+$16.1M
2
TCM
TimesSquare Capital Management
New York
+$11M
3
Citadel Advisors
Citadel Advisors
Florida
+$3.4M
4
Mawer Investment Management
Mawer Investment Management
Alberta, Canada
+$2.74M
5
JP Morgan Chase
JP Morgan Chase
New York
+$1.53M

Top Sellers

Rank Fund Capital Flow
1
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$6.3M
2
Invesco
Invesco
Georgia
-$5.07M
3
Renaissance Technologies
Renaissance Technologies
New York
-$4.79M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$3.04M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$1.78M
Name Holding Trade Value Shares
Change 		Change in
Stake
GI
26
GAMCO Investors
Connecticut
$4.31M – – –
Citadel Advisors
27
Citadel Advisors
Florida
$3.81M +$3.4M +126,641 +966%
California Public Employees Retirement System
28
California Public Employees Retirement System
California
$2.98M -$217K -8,100 -7%
CS
29
Credit Suisse
Switzerland
$2.77M -$577K -21,498 -17%
CIM
30
Calvert Investment Management
Maryland
$2.74M +$67.9K +2,532 +3%
California State Teachers Retirement System (CalSTRS)
31
California State Teachers Retirement System (CalSTRS)
California
$2.6M -$69.8K -2,600 -3%
Susquehanna International Group
32
Susquehanna International Group
Pennsylvania
$2.58M +$1.27M +47,171 +100%
EA
33
Evanston Advisors
Illinois
$2.53M -$114K -4,237 -4%
Goldman Sachs
34
Goldman Sachs
New York
$2.5M -$158K -5,890 -6%
TBC
35
Tweedy, Browne Co
Connecticut
$2.17M – – –
TA
36
Teachers Advisors
New York
$2.11M +$41K +1,527 +2%
Swiss National Bank
37
Swiss National Bank
Switzerland
$2.08M +$61.7K +2,300 +3%
AQR Capital Management
38
AQR Capital Management
Connecticut
$1.96M -$997K -37,168 -34%
AllianceBernstein
39
AllianceBernstein
Tennessee
$1.93M – – –
PPA
40
Parametric Portfolio Associates
Washington
$1.68M -$280K -10,429 -15%
JP Morgan Chase
41
JP Morgan Chase
New York
$1.63M +$1.53M +57,152 +2,185%
T. Rowe Price Associates
42
T. Rowe Price Associates
Maryland
$1.62M +$8.56K +319 +0.5%
RhumbLine Advisers
43
RhumbLine Advisers
Massachusetts
$1.45M +$109K +4,067 +8%
Jacobs Levy Equity Management
44
Jacobs Levy Equity Management
New Jersey
$1.35M -$3.04M -113,310 -70%
New York State Common Retirement Fund
45
New York State Common Retirement Fund
New York
$1.33M – – –
ERSOT
46
Employees Retirement System of Texas
Texas
$1.2M +$1.18M +44,000 New
First Trust Advisors
47
First Trust Advisors
Illinois
$1.2M -$786K -29,291 -40%
SIA
48
Sit Investment Associates
Minnesota
$1.15M +$1.13M +42,150 New
Wells Fargo
49
Wells Fargo
California
$1.13M +$637K +23,755 +134%
State Board of Administration of Florida Retirement System
50
State Board of Administration of Florida Retirement System
Florida
$1.05M -$156K -5,830 -13%
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SHEN Hedge Fund Activity: Q4 2016 in Review

110 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Shenandoah Telecom (SHEN) for Q4 2016, worth a combined $654M — up 1.8% from $643M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of SHEN and 11 opened new positions — a net loss of 13 holders — while 46 trimmed existing stakes and 35 added.

The largest buyer was Aberdeen Asset Management, adding an estimated $16.1M. The largest seller was Dimensional Fund Advisors, cutting an estimated $6.3M.

  • 110 institutional investors held Shenandoah Telecom (SHEN) as of Q4 2016, down from 125 in Q3 2016.
  • Funds reported $654M of Shenandoah Telecom stock for Q4 2016, up 1.8% quarter-over-quarter.
  • 11 funds opened new Shenandoah Telecom positions in Q4 2016 and 24 closed out, a net change of -13 holders.
  • The largest Shenandoah Telecom buyer in Q4 2016 was Aberdeen Asset Management, an estimated $16.1M added.
  • The largest Shenandoah Telecom seller in Q4 2016 was Dimensional Fund Advisors, an estimated $6.3M sold.

Based on aggregated 13F filings for Q4 2016.