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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$15.6M |
| 2 |
VCP
Vernier Capital Partners
New York
|
+$8.68M |
| 3 |
Mawer Investment Management
Calgary,
Alberta, Canada
|
+$5.78M |
| 4 |
Norges Bank
Oslo,
Norway
|
+$2.61M |
| 5 |
LCM
Legato Capital Management
San Francisco,
California
|
+$2.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AAM
Aberdeen Asset Management
Aberdeen,
United Kingdom
|
-$11.9M |
| 2 |
BlackRock
New York
|
-$4.57M |
| 3 |
Dimensional Fund Advisors
Austin,
Texas
|
-$3.2M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$2.5M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$2.49M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BIMC
101
Benson Investment Management Company
Roanoke,
Virginia
| – | -$1.48M | -52,645 | Closed |
|
102
Principal Financial Group
Des Moines,
Iowa
| – | -$756K | -26,941 | Closed |
|
|
DCM
103
Dupont Capital Management
Wilmington,
Delaware
| – | -$408K | -14,551 | Closed |
|
|
LCM
104
Landscape Capital Management
Englewood,
New Jersey
| – | -$302K | -11,044 | Closed |
|
105
Truist Financial
Charlotte,
North Carolina
| – | -$252K | -9,000 | Closed |
|
106
SG Americas Securities
New York
| – | -$105K | -3,756 | Closed |
|
|
JIR
107
James Investment Research
Alpha,
Ohio
| – | -$17K | -600 | Closed |
|
|
TWI
108
Thomas White International
Chicago,
Illinois
| – | -$11K | -390 | Closed |
|
|
AG
109
Advisor Group
Phoenix,
Arizona
| – | -$7K | -250 | Closed |
|
|
MAM
110
Meeder Asset Management
Dublin,
Ohio
| – | -$6K | -211 | Closed |
|
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.