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Shenandoah Telecom
SHEN

100 hedge funds and large institutions have $756M invested in Shenandoah Telecom in 2017 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 35 increasing their positions, 33 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

10% more capital invested

Capital invested by funds: $684M → $756M (+$71.8M)

6% more repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 33

0.52% more ownership

Funds ownership: 49.66% → 50.19% (+0.52%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

3% less funds holding

Funds holding: 103 → 100 (-3)

30% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 10

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $353K

Holders
100
Holders Change
-3
Holders Change %
-2.91%
% of All Funds
2.49%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
7
Increased
35
Reduced
33
Closed
10
Calls
–
Puts
$353K
Net Calls
-$353K
Net Calls Change
+$22K

Top Buyers

Rank Fund Capital Flow
1
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$15.6M
2
VCP
Vernier Capital Partners
New York
+$8.68M
3
Mawer Investment Management
Mawer Investment Management
Alberta, Canada
+$5.78M
4
Norges Bank
Norges Bank
Norway
+$2.61M
5
LCM
Legato Capital Management
California
+$2.37M

Top Sellers

Rank Fund Capital Flow
1
AAM
Aberdeen Asset Management
United Kingdom
-$11.9M
2
BlackRock
BlackRock
New York
-$4.57M
3
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$3.2M
4
Fidelity Investments
Fidelity Investments
Massachusetts
-$2.5M
5
Citadel Advisors
Citadel Advisors
Florida
-$2.49M
Name Holding Trade Value Shares
Change 		Change in
Stake
Susquehanna International Group
26
Susquehanna International Group
Pennsylvania
$2.97M +$1.17M +37,826 +64%
CS
27
Credit Suisse
Switzerland
$2.92M -$76.8K -2,478 -3%
California Public Employees Retirement System
28
California Public Employees Retirement System
California
$2.88M +$108K +3,500 +4%
CCM
29
Century Capital Management
Massachusetts
$2.87M -$1.17M -37,834 -29%
TA
30
Teachers Advisors
New York
$2.6M +$172K +5,538 +7%
California State Teachers Retirement System (CalSTRS)
31
California State Teachers Retirement System (CalSTRS)
California
$2.53M -$272K -8,780 -10%
Goldman Sachs
32
Goldman Sachs
New York
$2.52M +$47.9K +1,544 +2%
TBC
33
Tweedy, Browne Co
Connecticut
$2.45M – – –
LCM
34
Legato Capital Management
California
$2.35M +$2.37M +76,411 New
Swiss National Bank
35
Swiss National Bank
Switzerland
$2.35M – – –
T. Rowe Price Associates
36
T. Rowe Price Associates
Maryland
$2.24M -$51.8K -1,672 -2%
Wells Fargo
37
Wells Fargo
California
$2.06M +$980K +31,620 +89%
AllianceBernstein
38
AllianceBernstein
Tennessee
$2.02M – – –
Deutsche Bank
39
Deutsche Bank
Germany
$1.86M +$960K +30,968 +105%
SIA
40
Sit Investment Associates
Minnesota
$1.77M +$27.9K +900 +2%
EMFAT
41
Emerald Mutual Fund Advisers Trust
Pennsylvania
$1.74M +$1.76M +56,758 New
PPA
42
Parametric Portfolio Associates
Washington
$1.74M +$163K +5,263 +10%
RhumbLine Advisers
43
RhumbLine Advisers
Massachusetts
$1.66M -$20.3K -655 -1%
AQR Capital Management
44
AQR Capital Management
Connecticut
$1.57M -$317K -10,244 -17%
New York State Common Retirement Fund
45
New York State Common Retirement Fund
New York
$1.5M -$6.23K -201 -0.4%
Morgan Stanley
46
Morgan Stanley
New York
$1.47M -$709K -22,885 -32%
ERSOT
47
Employees Retirement System of Texas
Texas
$1.35M – – –
Invesco
48
Invesco
Georgia
$1.23M -$1.06M -34,277 -46%
State Board of Administration of Florida Retirement System
49
State Board of Administration of Florida Retirement System
Florida
$1.18M – – –
MLICM
50
Metropolitan Life Insurance Company (MetLife)
New York
$1.01M – – –
1
2
3 4 5

SHEN Hedge Fund Activity: Q2 2017 in Review

100 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Shenandoah Telecom (SHEN) for Q2 2017, worth a combined $756M — up 10% from $684M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of SHEN and 7 opened new positions — a net loss of 3 holders — while 33 trimmed existing stakes and 35 added.

The largest buyer was Manulife (Manufacturers Life Insurance), adding an estimated $15.6M. The largest seller was Aberdeen Asset Management, cutting an estimated $11.9M.

  • 100 institutional investors held Shenandoah Telecom (SHEN) as of Q2 2017, down from 103 in Q1 2017.
  • Funds reported $756M of Shenandoah Telecom stock for Q2 2017, up 10% quarter-over-quarter.
  • 7 funds opened new Shenandoah Telecom positions in Q2 2017 and 10 closed out, a net change of -3 holders.
  • The largest Shenandoah Telecom buyer in Q2 2017 was Manulife (Manufacturers Life Insurance), an estimated $15.6M added.
  • The largest Shenandoah Telecom seller in Q2 2017 was Aberdeen Asset Management, an estimated $11.9M sold.

Based on aggregated 13F filings for Q2 2017.