Shenandoah Telecom
SHEN
114 hedge funds and large institutions have $820M invested in Shenandoah Telecom in 2017 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 41 increasing their positions, 36 reducing their positions, and 16 closing their positions.
91% more call options, than puts
Call options by funds: $734K | Put options by funds: $385K
14% more repeat investments, than reductions
Existing positions increased: 41 | Existing positions reduced: 36
0.48% less ownership
Funds ownership: 49.7% → 49.22% (-0.48%)
2% less funds holding
Funds holding: 116 → 114 (-2)
10% less capital invested
Capital invested by funds: $909M → $820M (-$89.3M)
13% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 16
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Norges Bank
Oslo,
Norway
|
+$4.57M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$3.14M |
| 3 |
First Trust Advisors
Wheaton,
Illinois
|
+$2.82M |
| 4 |
Renaissance Technologies
New York
|
+$2.53M |
| 5 |
Prudential Financial
Newark,
New Jersey
|
+$2.39M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Aberdeen Group
Edinburgh,
United Kingdom
|
-$20.6M |
| 2 |
ECP
Elk Creek Partners
Denver,
Colorado
|
-$3.07M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.65M |
| 4 |
VCP
Vernier Capital Partners
New York
|
-$2.05M |
| 5 |
MLICM
Metropolitan Life Insurance Company (MetLife)
New York
|
-$1.86M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TRCT
126
Tower Research Capital (TRC)
New York
| – | -$138K | -3,705 | Closed |
|
127
Macquarie Group
Sydney, NSW 2000,
Australia
| – | -$138K | -3,700 | Closed |
|
|
CMBA
128
C.M. Bidwell & Associates
Honolulu,
Hawaii
| – | -$111K | -2,985 | Closed |
|
|
BONST
129
Bank of Nova Scotia Trust
Toronto,
Ontario, Canada
| – | -$34K | -916 | Closed |
|
|
VCM
130
Virtue Capital Management
Brentwood,
Tennessee
| – | +$74 | +2 | New |
|
SHEN Hedge Fund Activity: Q4 2017 in Review
114 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in Shenandoah Telecom (SHEN) for Q4 2017, worth a combined $820M — down 9.8% from $909M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of SHEN and 14 opened new positions — a net loss of 2 holders — while 36 trimmed existing stakes and 41 added.
The largest buyer was Norges Bank, adding an estimated $4.57M. The largest seller was Aberdeen Group, cutting an estimated $20.6M.
- 114 institutional investors held Shenandoah Telecom (SHEN) as of Q4 2017, down from 116 in Q3 2017.
- Funds reported $820M of Shenandoah Telecom stock for Q4 2017, down 9.8% quarter-over-quarter.
- 14 funds opened new Shenandoah Telecom positions in Q4 2017 and 16 closed out, a net change of -2 holders.
- The largest Shenandoah Telecom buyer in Q4 2017 was Norges Bank, an estimated $4.57M added.
- The largest Shenandoah Telecom seller in Q4 2017 was Aberdeen Group, an estimated $20.6M sold.
Based on aggregated 13F filings for Q4 2017.