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Shenandoah Telecom
SHEN

112 hedge funds and large institutions have $789M invested in Shenandoah Telecom in 2018 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 43 increasing their positions, 32 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

34% more repeat investments, than reductions

Existing positions increased: 43 | Existing positions reduced: 32

0.27% more ownership

Funds ownership: 48.4% → 48.66% (+0.27%)

3% less funds holding

Funds holding: 116 → 112 (-4)

9% less capital invested

Capital invested by funds: $863M → $789M (-$73.9M)

31% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 13

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

70% less call options, than puts

Call options by funds: $144K | Put options by funds: $486K

Holders
112
Holders Change
-4
Holders Change %
-3.45%
% of All Funds
2.56%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
9
Increased
43
Reduced
32
Closed
13
Calls
$144K
Puts
$486K
Net Calls
-$342K
Net Calls Change
-$321K

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$8.17M
2
Creative Planning
Creative Planning
Kansas
+$3.47M
3
Norges Bank
Norges Bank
Norway
+$3.26M
4
Millennium Management
Millennium Management
New York
+$3.01M
5
Invesco
Invesco
Georgia
+$2.01M

Top Sellers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
-$7.56M
2
Aberdeen Group
Aberdeen Group
United Kingdom
-$4.99M
3
TCM
TimesSquare Capital Management
New York
-$2.8M
4
Prudential Financial
Prudential Financial
New Jersey
-$1.95M
5
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
-$1.63M
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$3.45M +$16.6K +486 +0.5%
TCIM
27
TIAA CREF Investment Management
New York
$3.39M -$1.18M -34,524 -25%
Invesco
28
Invesco
Georgia
$3.35M +$2.01M +58,870 +135%
Deutsche Bank
29
Deutsche Bank
Germany
$3.32M +$1.51M +44,321 +77%
Millennium Management
30
Millennium Management
New York
$3.25M +$3.01M +88,209 +778%
Wells Fargo
31
Wells Fargo
California
$3.24M -$151K -4,434 -4%
California Public Employees Retirement System
32
California Public Employees Retirement System
California
$3.22M -$212K -6,218 -6%
TA
33
Teachers Advisors
New York
$2.87M +$75.2K +2,201 +3%
Swiss National Bank
34
Swiss National Bank
Switzerland
$2.66M – – –
TBC
35
Tweedy, Browne Co
Connecticut
$2.61M – – –
Prudential Financial
36
Prudential Financial
New Jersey
$2.58M -$1.95M -57,029 -42%
AQR Capital Management
37
AQR Capital Management
Connecticut
$2.57M +$766K +22,427 +40%
SG Americas Securities
38
SG Americas Securities
New York
$2.53M +$7.92K +232 +0.3%
LCM
39
Legato Capital Management
California
$2.48M – – –
First Trust Advisors
40
First Trust Advisors
Illinois
$2.46M +$168K +4,932 +7%
T. Rowe Price Associates
41
T. Rowe Price Associates
Maryland
$2.42M +$262K +7,660 +12%
California State Teachers Retirement System (CalSTRS)
42
California State Teachers Retirement System (CalSTRS)
California
$2.34M +$26.4K +772 +1%
AllianceBernstein
43
AllianceBernstein
Tennessee
$2.16M – – –
CS
44
Credit Suisse
Switzerland
$2.03M -$232K -6,780 -10%
New York State Common Retirement Fund
45
New York State Common Retirement Fund
New York
$1.76M +$33.4K +977 +2%
Federated Hermes
46
Federated Hermes
Pennsylvania
$1.66M +$866K +25,341 +100%
RhumbLine Advisers
47
RhumbLine Advisers
Massachusetts
$1.53M +$51.1K +1,495 +3%
SIA
48
Sit Investment Associates
Minnesota
$1.42M -$475K -13,900 -24%
PPA
49
Parametric Portfolio Associates
Washington
$1.15M -$4.3K -126 -0.4%
Manulife (Manufacturers Life Insurance)
50
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.14M -$700K -20,504 -37%
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SHEN Hedge Fund Activity: Q2 2018 in Review

112 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in Shenandoah Telecom (SHEN) for Q2 2018, worth a combined $789M — down 8.6% from $863M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of SHEN and 9 opened new positions — a net loss of 4 holders — while 32 trimmed existing stakes and 43 added.

The largest buyer was BlackRock, adding an estimated $8.17M. The largest seller was Vanguard Group, cutting an estimated $7.56M.

  • 112 institutional investors held Shenandoah Telecom (SHEN) as of Q2 2018, down from 116 in Q1 2018.
  • Funds reported $789M of Shenandoah Telecom stock for Q2 2018, down 8.6% quarter-over-quarter.
  • 9 funds opened new Shenandoah Telecom positions in Q2 2018 and 13 closed out, a net change of -4 holders.
  • The largest Shenandoah Telecom buyer in Q2 2018 was BlackRock, an estimated $8.17M added.
  • The largest Shenandoah Telecom seller in Q2 2018 was Vanguard Group, an estimated $7.56M sold.

Based on aggregated 13F filings for Q2 2018.