Shenandoah Telecom
SHEN
78 hedge funds and large institutions have $203M invested in Shenandoah Telecom in 2013 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 30 increasing their positions, 27 reducing their positions, and 8 closing their positions.
53% more capital invested
Capital invested by funds: $133M → $203M (+$70.7M)
13% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 8
11% more repeat investments, than reductions
Existing positions increased: 30 | Existing positions reduced: 27
1% more funds holding
Funds holding: 77 → 78 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
1WCM
12 West Capital Management
New York
|
+$15.3M |
| 2 |
TC
TFS Capital
West Chester,
Pennsylvania
|
+$1.26M |
| 3 |
VNA
VNBTrust National Association
Charlottesville,
Virginia
|
+$1.1M |
| 4 |
Goldman Sachs
New York
|
+$515K |
| 5 |
LSV Asset Management
Chicago,
Illinois
|
+$445K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Ameriprise
Minneapolis,
Minnesota
|
-$4.2M |
| 2 |
BFA
BlackRock Fund Advisors
San Francisco,
California
|
-$1.32M |
| 3 |
AAM
Aberdeen Asset Management
Aberdeen,
United Kingdom
|
-$1.31M |
| 4 |
Morgan Stanley
New York
|
-$903K |
| 5 |
HCM
Highbridge Capital Management
New York
|
-$553K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BG
76
BlackRock Group
London,
United Kingdom
| $22K | – | – | – |
|
|
GC
77
Globeflex Capital
San Diego,
California
| $1K | +$1.29K | +134 | New |
|
78
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
| $443 | -$3.51K | -364 | -1% |
|
|
HCM
79
Highbridge Capital Management
New York
| – | -$553K | -66,224 | Closed |
|
80
Citadel Advisors
Miami,
Florida
| – | -$326K | -39,014 | Closed |
|
|
SKK
81
Shepherd Kaplan Krochuk
Boston,
Massachusetts
| – | -$284K | -34,044 | Closed |
|
82
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$215K | -25,806 | Closed |
|
|
NI
83
Numeric Investors
Boston,
Massachusetts
| – | -$208K | -25,000 | Closed |
|
|
PCM
84
Prelude Capital Management
New York
| – | -$88K | -10,604 | Closed |
|
|
U
85
UBS
Zurich,
Switzerland
| – | -$59K | -7,128 | Closed |
|
|
BJ
86
BlackRock Japan
Tokyo,
Japan
| – | -$10K | -1,168 | Closed |
|
SHEN Hedge Fund Activity: Q3 2013 in Review
78 of the 3,085 institutional investors tracked by Wall St. Rank reported a position in Shenandoah Telecom (SHEN) for Q3 2013, worth a combined $203M — up 53% from $133M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new SHEN positions and 8 closed out — a net gain of 1 holder — while 30 added to existing stakes and 27 trimmed.
The largest buyer was 12 West Capital Management, opening a new position worth an estimated $15.3M. The largest seller was Ameriprise, cutting an estimated $4.2M.
- 78 institutional investors held Shenandoah Telecom (SHEN) as of Q3 2013, up from 77 in Q2 2013.
- Funds reported $203M of Shenandoah Telecom stock for Q3 2013, up 53% quarter-over-quarter.
- 9 funds opened new Shenandoah Telecom positions in Q3 2013 and 8 closed out, a net change of +1 holder.
- The largest Shenandoah Telecom buyer in Q3 2013 was 12 West Capital Management, an estimated $15.3M added.
- The largest Shenandoah Telecom seller in Q3 2013 was Ameriprise, an estimated $4.2M sold.
Based on aggregated 13F filings for Q3 2013.