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Shenandoah Telecom
SHEN

114 hedge funds and large institutions have $820M invested in Shenandoah Telecom in 2017 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 41 increasing their positions, 36 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

91% more call options, than puts

Call options by funds: $734K | Put options by funds: $385K

14% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 36

0.48% less ownership

Funds ownership: 49.7% → 49.22% (-0.48%)

2% less funds holding

Funds holding: 116 → 114 (-2)

10% less capital invested

Capital invested by funds: $909M → $820M (-$89.3M)

13% less first-time investments, than exits

New positions opened: 14 | Existing positions closed: 16

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

Holders
114
Holders Change
-2
Holders Change %
-1.72%
% of All Funds
2.59%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.05%
New
14
Increased
41
Reduced
36
Closed
16
Calls
$734K
Puts
$385K
Net Calls
+$349K
Net Calls Change
-$251K

Top Buyers

Rank Fund Capital Flow
1
Norges Bank
Norges Bank
Norway
+$4.57M
2
Invesco
Invesco
Georgia
+$3.14M
3
First Trust Advisors
First Trust Advisors
Illinois
+$2.82M
4
Renaissance Technologies
Renaissance Technologies
New York
+$2.53M
5
Prudential Financial
Prudential Financial
New Jersey
+$2.39M

Top Sellers

Rank Fund Capital Flow
1
Aberdeen Group
Aberdeen Group
United Kingdom
-$20.6M
2
ECP
Elk Creek Partners
Colorado
-$3.07M
3
Vanguard Group
Vanguard Group
Pennsylvania
-$2.65M
4
VCP
Vernier Capital Partners
New York
-$2.05M
5
MLICM
Metropolitan Life Insurance Company (MetLife)
New York
-$1.86M
Name Holding Trade Value Shares
Change 		Change in
Stake
Prudential Financial
26
Prudential Financial
New Jersey
$3.72M +$2.39M +64,963 +144%
Deutsche Bank
27
Deutsche Bank
Germany
$3.63M +$2.28M +61,966 +137%
EMFAT
28
Emerald Mutual Fund Advisers Trust
Pennsylvania
$3.49M +$867K +23,547 +30%
Wells Fargo
29
Wells Fargo
California
$3.47M +$620K +16,846 +20%
CS
30
Credit Suisse
Switzerland
$3.46M -$282K -7,672 -7%
AllianceBernstein
31
AllianceBernstein
Tennessee
$3.43M +$11K +300 +0.3%
California Public Employees Retirement System
32
California Public Employees Retirement System
California
$3.39M -$64.4K -1,750 -2%
Morgan Stanley
33
Morgan Stanley
New York
$3.39M +$1.14M +30,918 +45%
Goldman Sachs
34
Goldman Sachs
New York
$3.27M +$150K +4,064 +4%
First Trust Advisors
35
First Trust Advisors
Illinois
$2.93M +$2.82M +76,551 +752%
TA
36
Teachers Advisors
New York
$2.84M +$21.1K +572 +0.7%
TBC
37
Tweedy, Browne Co
Connecticut
$2.69M – – –
Swiss National Bank
38
Swiss National Bank
Switzerland
$2.66M +$81K +2,200 +3%
LCM
39
Legato Capital Management
California
$2.57M – – –
California State Teachers Retirement System (CalSTRS)
40
California State Teachers Retirement System (CalSTRS)
California
$2.48M -$42K -1,141 -2%
T. Rowe Price Associates
41
T. Rowe Price Associates
Maryland
$1.98M -$8.83K -240 -0.4%
SIA
42
Sit Investment Associates
Minnesota
$1.93M +$25.8K +700 +1%
AQR Capital Management
43
AQR Capital Management
Connecticut
$1.9M +$205K +5,578 +11%
Bank of America
44
Bank of America
North Carolina
$1.81M +$1.6M +43,383 +432%
New York State Common Retirement Fund
45
New York State Common Retirement Fund
New York
$1.78M -$11.7K -317 -0.6%
RhumbLine Advisers
46
RhumbLine Advisers
Massachusetts
$1.58M -$296K -8,037 -15%
ERSOT
47
Employees Retirement System of Texas
Texas
$1.49M – – –
Susquehanna International Group
48
Susquehanna International Group
Pennsylvania
$1.26M +$1.37M +37,312 New
PPA
49
Parametric Portfolio Associates
Washington
$1.22M -$622K -16,900 -32%
State Board of Administration of Florida Retirement System
50
State Board of Administration of Florida Retirement System
Florida
$1.13M -$183K -4,980 -13%
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SHEN Hedge Fund Activity: Q4 2017 in Review

114 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Shenandoah Telecom (SHEN) for Q4 2017, worth a combined $820M — down 9.8% from $909M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of SHEN and 14 opened new positions — a net loss of 2 holders — while 36 trimmed existing stakes and 41 added.

The largest buyer was Norges Bank, adding an estimated $4.57M. The largest seller was Aberdeen Group, cutting an estimated $20.6M.

  • 114 institutional investors held Shenandoah Telecom (SHEN) as of Q4 2017, down from 116 in Q3 2017.
  • Funds reported $820M of Shenandoah Telecom stock for Q4 2017, down 9.8% quarter-over-quarter.
  • 14 funds opened new Shenandoah Telecom positions in Q4 2017 and 16 closed out, a net change of -2 holders.
  • The largest Shenandoah Telecom buyer in Q4 2017 was Norges Bank, an estimated $4.57M added.
  • The largest Shenandoah Telecom seller in Q4 2017 was Aberdeen Group, an estimated $20.6M sold.

Based on aggregated 13F filings for Q4 2017.