Shenandoah Telecom
SHEN
116 hedge funds and large institutions have $863M invested in Shenandoah Telecom in 2018 Q1 according to their latest regulatory filings, with 18 funds opening new positions, 32 increasing their positions, 38 reducing their positions, and 15 closing their positions.
20% more first-time investments, than exits
New positions opened: 18 | Existing positions closed: 15
5% more capital invested
Capital invested by funds: $820M → $863M (+$43.4M)
2% more funds holding
Funds holding: 114 → 116 (+2)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
0.83% less ownership
Funds ownership: 49.22% → 48.4% (-0.83%)
15% less call options, than puts
Call options by funds: $119K | Put options by funds: $140K
16% less repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCM
TimesSquare Capital Management
New York
|
+$7.05M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$4.86M |
| 3 |
EMFAT
Emerald Mutual Fund Advisers Trust
Leola,
Pennsylvania
|
+$3.14M |
| 4 |
SG Americas Securities
New York
|
+$2.16M |
| 5 |
Geode Capital Management
Boston,
Massachusetts
|
+$1.62M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$12.5M |
| 2 |
VCP
Vernier Capital Partners
New York
|
-$7.6M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$5.87M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$3.12M |
| 5 |
TA
Teton Advisors
Rye,
New York
|
-$2.37M |
SHEN Hedge Fund Activity: Q1 2018 in Review
116 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in Shenandoah Telecom (SHEN) for Q1 2018, worth a combined $863M — up 5.3% from $820M a quarter earlier.
Buyers outnumbered sellers: 18 funds opened new SHEN positions and 15 closed out — a net gain of 3 holders — while 32 added to existing stakes and 38 trimmed.
The largest buyer was TimesSquare Capital Management, adding an estimated $7.05M. The largest seller was BlackRock, cutting an estimated $12.5M.
- 116 institutional investors held Shenandoah Telecom (SHEN) as of Q1 2018, up from 114 in Q4 2017.
- Funds reported $863M of Shenandoah Telecom stock for Q1 2018, up 5.3% quarter-over-quarter.
- 18 funds opened new Shenandoah Telecom positions in Q1 2018 and 15 closed out, a net change of +3 holders.
- The largest Shenandoah Telecom buyer in Q1 2018 was TimesSquare Capital Management, an estimated $7.05M added.
- The largest Shenandoah Telecom seller in Q1 2018 was BlackRock, an estimated $12.5M sold.
Based on aggregated 13F filings for Q1 2018.