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Shenandoah Telecom
SHEN

110 hedge funds and large institutions have $654M invested in Shenandoah Telecom in 2016 Q4 according to their latest regulatory filings, with 11 funds opening new positions, 35 increasing their positions, 46 reducing their positions, and 24 closing their positions.

New
Increased
Maintained
Reduced
Closed

492% more call options, than puts

Call options by funds: $296K | Put options by funds: $50K

49% more ownership

Funds ownership: 0% → 49% (+49%)

2% more capital invested

Capital invested by funds: $643M → $654M (+$11.8M)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

12% less funds holding

Funds holding: 125 → 110 (-15)

24% less repeat investments, than reductions

Existing positions increased: 35 | Existing positions reduced: 46

54% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 24

Holders
110
Holders Change
-15
Holders Change %
-12%
% of All Funds
2.75%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
11
Increased
35
Reduced
46
Closed
24
Calls
$296K
Puts
$50K
Net Calls
+$246K
Net Calls Change
+$984K

Top Buyers

Rank Fund Capital Flow
1
AAM
Aberdeen Asset Management
United Kingdom
+$16.1M
2
TCM
TimesSquare Capital Management
New York
+$11M
3
Citadel Advisors
Citadel Advisors
Florida
+$3.4M
4
Mawer Investment Management
Mawer Investment Management
Alberta, Canada
+$2.74M
5
JP Morgan Chase
JP Morgan Chase
New York
+$1.53M

Top Sellers

Rank Fund Capital Flow
1
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
-$6.3M
2
Invesco
Invesco
Georgia
-$5.07M
3
Renaissance Technologies
Renaissance Technologies
New York
-$4.79M
4
Jacobs Levy Equity Management
Jacobs Levy Equity Management
New Jersey
-$3.04M
5
Fidelity Investments
Fidelity Investments
Massachusetts
-$1.78M
Name Holding Trade Value Shares
Change 		Change in
Stake
PA
101
Parallel Advisors
California
$20K +$20.1K +750 New
BJ
102
BlackRock Japan
Japan
$14K +$13.7K +512 New
TWI
103
Thomas White International
Illinois
$11K – – –
Bank of Montreal
104
Bank of Montreal
Ontario, Canada
$8K -$6.12K -228 -43%
Federated Hermes
105
Federated Hermes
Pennsylvania
$8K -$429 -16 -5%
QCG
106
Quadrant Capital Group
Ohio
$7K – – –
SBL
107
Sargent Bickham Lagudis
Colorado
$5K – – –
Simplex Trading
108
Simplex Trading
Illinois
$2K -$17.4K -647 -88%
VCM
109
Versant Capital Management
Arizona
$2K -$1.4K -52 -35%
WAM
110
Wealthspire Advisors (Maryland)
Maryland
$2K – – –
Millennium Management
111
Millennium Management
New York
– -$1.46M -53,582 Closed
DCM
112
Dupont Capital Management
Delaware
– -$1.09M -39,953 Closed
Mackenzie Financial
113
Mackenzie Financial
Ontario, Canada
– -$986K -36,251 Closed
RJA
114
Raymond James & Associates
Florida
– -$705K -25,910 Closed
Arrowstreet Capital
115
Arrowstreet Capital
Massachusetts
– -$615K -22,600 Closed
MERSOM
116
Municipal Employees' Retirement System of Michigan
Michigan
– -$564K -20,720 Closed
Capital Fund Management (CFM)
117
Capital Fund Management (CFM)
France
– -$539K -19,800 Closed
BCM
118
BlueCrest Capital Management
Jersey
– -$507K -18,633 Closed
ACM
119
Americafirst Capital Management
California
– -$378K -13,905 Closed
Tudor Investment Corp
120
Tudor Investment Corp
Connecticut
– -$356K -13,100 Closed
PMAM
121
Picton Mahoney Asset Management
Ontario, Canada
– -$337K -12,400 Closed
QC
122
Quadrature Capital
United Kingdom
– -$293K -10,771 Closed
KBC Group
123
KBC Group
Belgium
– -$293K -10,767 Closed
Squarepoint
124
Squarepoint
New York
– -$275K -10,100 Closed
SG Americas Securities
125
SG Americas Securities
New York
– -$255K -9,388 Closed
2 3 4
5
6

SHEN Hedge Fund Activity: Q4 2016 in Review

110 of the 4,000 institutional investors tracked by Wall St. Rank reported a position in Shenandoah Telecom (SHEN) for Q4 2016, worth a combined $654M — up 1.8% from $643M a quarter earlier.

Sellers outnumbered buyers: 24 funds closed out of SHEN and 11 opened new positions — a net loss of 13 holders — while 46 trimmed existing stakes and 35 added.

The largest buyer was Aberdeen Asset Management, adding an estimated $16.1M. The largest seller was Dimensional Fund Advisors, cutting an estimated $6.3M.

  • 110 institutional investors held Shenandoah Telecom (SHEN) as of Q4 2016, down from 125 in Q3 2016.
  • Funds reported $654M of Shenandoah Telecom stock for Q4 2016, up 1.8% quarter-over-quarter.
  • 11 funds opened new Shenandoah Telecom positions in Q4 2016 and 24 closed out, a net change of -13 holders.
  • The largest Shenandoah Telecom buyer in Q4 2016 was Aberdeen Asset Management, an estimated $16.1M added.
  • The largest Shenandoah Telecom seller in Q4 2016 was Dimensional Fund Advisors, an estimated $6.3M sold.

Based on aggregated 13F filings for Q4 2016.