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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

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

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
Toronto Dominion Bank
76
Toronto Dominion Bank
Ontario, Canada
$204K +$24.1K +776 +13%
Canada Life
77
Canada Life
Manitoba, Canada
$191K – – –
AOWM
78
Alpha Omega Wealth Management
Virginia
$178K +$9.3K +300 +5%
BNP Paribas Financial Markets
79
BNP Paribas Financial Markets
France
$169K +$152K +4,901 +790%
Barclays
80
Barclays
United Kingdom
$164K -$11.5K -371 -7%
NIT
81
NumerixS Investment Technologies
British Columbia, Canada
$129K +$6.2K +200 +5%
AIP
82
Ameritas Investment Partners
Nebraska
$125K +$10.8K +347 +9%
CG
83
Cutler Group
California
$102K – – –
LTFS
84
Ladenburg Thalmann Financial Services
Florida
$77K – – –
Zurich Cantonal Bank
85
Zurich Cantonal Bank
Switzerland
$70K +$9.48K +306 +16%
PAM
86
Panagora Asset Management
Massachusetts
$49K – – –
QI
87
QS Investors
New York
$49K – – –
SSB
88
Sandy Spring Bank
Maryland
$38K – – –
LWM
89
Lenox Wealth Management
Ohio
$25K +$24.8K +800 New
PA
90
Parallel Advisors
California
$14K – – –
QCG
91
Quadrant Capital Group
Ohio
$10K – – –
Citigroup
92
Citigroup
New York
$9K -$29.9K -965 -76%
Bank of Montreal
93
Bank of Montreal
Ontario, Canada
$9K – – –
WAM
94
Wealthspire Advisors (Maryland)
Maryland
$9K +$6.26K +202 +224%
Federated Hermes
95
Federated Hermes
Pennsylvania
$8K +$651 +21 +9%
SBL
96
Sargent Bickham Lagudis
Colorado
$6K – – –
Simplex Trading
97
Simplex Trading
Illinois
$4K +$4.74K +153 New
VCM
98
Versant Capital Management
Arizona
$3K – – –
Royal Bank of Canada
99
Royal Bank of Canada
Ontario, Canada
$2K +$1.71K +55 +367%
BTIS
100
BB&T Investment Services
North Carolina
$1K +$1.05K +34 New
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.