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Shenandoah Telecom
SHEN

137 hedge funds and large institutions have $472M invested in Shenandoah Telecom in 2022 Q4 according to their latest regulatory filings, with 16 funds opening new positions, 49 increasing their positions, 46 reducing their positions, and 17 closing their positions.

New
Increased
Maintained
Reduced
Closed

1,040% more call options, than puts

Call options by funds: $171K | Put options by funds: $15K

3.79% more ownership

Funds ownership: 59.6% → 63.4% (+3.8%)

7% more repeat investments, than reductions

Existing positions increased: 49 | Existing positions reduced: 46

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1% less funds holding

Funds holding: 138 → 137 (-1)

6% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 17

7% less capital invested

Capital invested by funds: $508M → $472M (-$35.7M)

Holders
137
Holders Change
-1
Holders Change %
-0.72%
% of All Funds
2.2%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
16
Increased
49
Reduced
46
Closed
17
Calls
$171K
Puts
$15K
Net Calls
+$156K
Net Calls Change
+$879K

Top Buyers

1
Cerity Partners
Cerity Partners
New York
+$25.6M
2
BlackRock
BlackRock
New York
+$3.97M
3
Vanguard Group
Vanguard Group
Pennsylvania
+$2.25M
4
BRIM
Broad Run Investment Management
Virginia
+$1.79M
5
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$1.62M

Top Sellers

1
JP Morgan Chase
JP Morgan Chase
New York
-$2.35M
2
Citadel Advisors
Citadel Advisors
Florida
-$1.45M
3
Renaissance Technologies
Renaissance Technologies
New York
-$1.22M
4
Morgan Stanley
Morgan Stanley
New York
-$980K
5
State of New Jersey Common Pension Fund D
State of New Jersey Common Pension Fund D
New Jersey
-$927K
Name Holding Trade Value Shares
Change 		Change in
Stake
BlackRock
1
BlackRock
New York
$130M +$3.97M +216,781 +3%
Vanguard Group
2
Vanguard Group
Pennsylvania
$87.2M +$2.25M +122,947 +2%
EC
3
ECP ControlCo
New Jersey
$38.9M – – –
State Street
4
State Street
Massachusetts
$30.7M +$1.13M +61,934 +3%
Cerity Partners
5
Cerity Partners
New York
$22.2M +$25.6M +1,397,070 New
BRIM
6
Broad Run Investment Management
Virginia
$17M +$1.79M +98,028 +10%
Geode Capital Management
7
Geode Capital Management
Massachusetts
$14.8M +$667K +36,439 +4%
DC
8
Davenport & Co
Virginia
$14.2M +$1.5M +82,194 +10%
Charles Schwab
9
Charles Schwab
California
$8.9M +$163K +8,889 +2%
Bank of New York Mellon
10
Bank of New York Mellon
New York
$8.8M +$1.27M +69,135 +14%
Northern Trust
11
Northern Trust
Illinois
$8.22M +$131K +7,179 +1%
Renaissance Technologies
12
Renaissance Technologies
New York
$8.18M -$1.22M -66,800 -11%
Norges Bank
13
Norges Bank
Norway
$6.5M – – –
JP Morgan Chase
14
JP Morgan Chase
New York
$6.01M -$2.35M -128,690 -25%
Principal Financial Group
15
Principal Financial Group
Iowa
$4.85M -$44.8K -2,447 -0.8%
Morgan Stanley
16
Morgan Stanley
New York
$4.12M -$980K -53,554 -17%
RhumbLine Advisers
17
RhumbLine Advisers
Massachusetts
$3.28M +$37K +2,024 +1%
Ameriprise
18
Ameriprise
Minnesota
$3M -$167K -9,144 -5%
Invesco
19
Invesco
Georgia
$2.56M -$181K -9,905 -6%
N
20
Nuveen
North Carolina
$2.38M -$390K -21,289 -12%
GF
21
Gabelli Funds
New York
$2.29M – – –
Legal & General Group
22
Legal & General Group
United Kingdom
$2.25M -$34.7K -1,895 -1%
Swiss National Bank
23
Swiss National Bank
Switzerland
$1.82M +$47.6K +2,600 +2%
GI
24
GAMCO Investors
Connecticut
$1.79M – – –
Public Sector Pension Investment Board (PSP Investments)
25
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$1.46M – – –
1
2 3 4 5

SHEN Hedge Fund Activity: Q4 2022 in Review

137 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Shenandoah Telecom (SHEN) for Q4 2022, worth a combined $472M — down 7% from $508M a quarter earlier.

Sellers outnumbered buyers: 17 funds closed out of SHEN and 16 opened new positions — a net loss of 1 holder — while 46 trimmed existing stakes and 49 added.

The largest buyer was Cerity Partners, opening a new position worth an estimated $25.6M. The largest seller was JP Morgan Chase, cutting an estimated $2.35M.

  • 137 institutional investors held Shenandoah Telecom (SHEN) as of Q4 2022, down from 138 in Q3 2022.
  • Funds reported $472M of Shenandoah Telecom stock for Q4 2022, down 7% quarter-over-quarter.
  • 16 funds opened new Shenandoah Telecom positions in Q4 2022 and 17 closed out, a net change of -1 holder.
  • The largest Shenandoah Telecom buyer in Q4 2022 was Cerity Partners, an estimated $25.6M added.
  • The largest Shenandoah Telecom seller in Q4 2022 was JP Morgan Chase, an estimated $2.35M sold.

Based on aggregated 13F filings for Q4 2022.