SHEN · Shenandoah Telecommunications Co/Va/ · Holdings

$11.91 -0.07 (-0.58%) At close · Sep 11

S&P 600 member Russell 2000 member Rebalance outlook locked

Market Cap

$662.76M

55.32M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Quarter:

Holders: 184

Total Value: $597,950,568

Total Shares: 39,651,903

Showing 1–100 of 184 holdings by value · page 1 of 2

Institutional Ownership Trend

26 quarters

Superinvestors Holding SHEN

All superinvestors →

Mario Gabelli $4,071,600

Holder Concentration

Across 184 13F filers · Δ vs Mar 31, 2026

Top Holder

17.9%

+0.5 pts

Top 5

50.2%

+0.6 pts

Top 10

70.0%

+1.1 pts

HHI

705

Broadly held+19

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

Holder count: +15

Institutional value: -3.6%

Shares held: -1.4%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Large ROYCE & ASSOCIATES LP	+606,574	643,093
Mega AMERICAN CENTURY COMPANIES INC	+254,525	1,435,478
Mega STATE STREET CORP	+190,114	2,149,556
Mega CITIGROUP INC	+158,407	179,254
Mega DIMENSIONAL FUND ADVISORS LP	+142,761	2,613,975

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Small Whitebark Investors LP	−559,292	167,153
Mega MILLENNIUM MANAGEMENT LLC	−461,783	731,426
Mega Invesco Ltd.	−376,652	204,115
Mid SOUTHEASTERN ASSET MANAGEMENT INC/TN/	−323,499	2,616,797
Mega TWO SIGMA INVESTMENTS, LP	−276,252	33,922

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Mega AQR CAPITAL MANAGEMENT LLC	73,134	$1,102,858
Large Trexquant Investment LP	62,085	$936,241
Mid Jump Financial, LLC	57,800	$871,624
Mega VICTORY CAPITAL MANAGEMENT INC	52,869	$797,264
Mid Quantbot Technologies LP	33,243	$501,304

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Large CWM, LLC	73,382	$1,131,550
Mega JANUS HENDERSON GROUP PLC	20,897	$322,231
Small Salvus Wealth Management, LLC	18,709	$288,492
Mid Brooklyn Investment Group	12,703	$195,880
Large INTECH INVESTMENT MANAGEMENT LLC	11,094	$171,069

Filter: New 30 Increased 64 Reduced 53 Sold out 15 Unchanged 37

Showing 100 of 184

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

BlackRock, Inc.

$106,907,302

17.88%

7,089,344

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BLACKROCK FINANCIAL MANAGEMENT INC/DE	34,673	$522,868	0.5%	Sole
BlackRock Investment Management (Australia) Ltd	129	$1,945	0.0%	Sole
BlackRock Asset Management Canada Ltd	27,444	$413,855	0.4%	Sole
BlackRock Investment Management, LLC	150,728	$2,272,978	2.1%	Sole
BLACKROCK ADVISORS LLC	112,170	$1,691,523	1.6%	Sole
BlackRock Fund Advisors	5,149,189	$77,649,770	72.6%	Sole
BlackRock Institutional Trust Company, N.A.	1,341,263	$20,226,246	18.9%	Sole
BlackRock Fund Managers Ltd.	10,562	$159,274	0.1%	Sole
BlackRock Investment Management (UK) Ltd.	13,818	$208,375	0.2%	Sole
BlackRock Asset Management Ireland Ltd	195,781	$2,952,377	2.8%	Sole
BlackRock Asset Management Schweiz AG	10,384	$156,590	0.1%	Sole
Aperio Group, LLC	43,188	$651,275	0.6%	Sole
SpiderRock Advisors, LLC	15	$226	0.0%	Sole

GCM Grosvenor Holdings, LLC

$62,070,034

10.38%

4,116,050

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GCM, L.L.C.	4,116,050	$62,070,034	100.0%	Defined

ECP ControlCo, LLC

$52,133,143

8.72%

3,457,105

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
ECP V, LLC joint	3,457,105	$52,133,143	100.0%	Defined

SOUTHEASTERN ASSET MANAGEMENT INC/TN/

$39,461,298

6.60%

2,616,797

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
LONGLEAF PARTNERS FUNDS TRUST	2,612,640	$39,398,611	99.8%	Defined
Held directly	4,157	$62,687	0.2%	Sole

DIMENSIONAL FUND ADVISORS LP

$39,418,742

6.59%

2,613,975

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Dimensional Fund Advisors Ltd.	4,545	$68,538	0.2%	Defined
DFA Australia Ltd.	14,925	$225,069	0.6%	Defined
Dimensional Ireland Ltd	48,117	$725,604	1.8%	Defined
Held directly	2,546,388	$38,399,531	97.4%	Sole

STATE STREET CORP

$32,415,304

5.42%

2,149,556

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STATE STREET GLOBAL ADVISORS EUROPE LIMITED joint	2,149,556	$32,415,304	100.0%	Defined

VANGUARD CAPITAL MANAGEMENT LLC

$31,047,744

5.19%

2,058,869

AMERICAN CENTURY COMPANIES INC

$21,647,008

3.62%

1,435,478

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
AMERICAN CENTURY INVESTMENT MANAGEMENT INC	1,435,478	$21,647,008	100.0%	Defined

GEODE CAPITAL MANAGEMENT, LLC

$19,579,856

3.27%

1,298,399

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GEODE CAPITAL MANAGEMENT TRUST COMPANY, LLC	178,049	$2,684,978	13.7%	Defined
Held directly	1,120,350	$16,894,878	86.3%	Defined

COOPER INVESTORS PTY LTD

$14,026,556

2.35%

930,143

VANGUARD PORTFOLIO MANAGEMENT LLC

$13,766,260

2.30%

912,882

MILLENNIUM MANAGEMENT LLC

$11,029,904

1.84%

731,426

CHARLES SCHWAB INVESTMENT MANAGEMENT INC

$10,830,712

1.81%

718,217

Broad Run Investment Management, LLC

$9,931,190

1.66%

658,567

Cerity Partners LLC

$9,757,287

1.63%

647,035

ROYCE & ASSOCIATES LP

$9,697,842

1.62%

643,093

NORTHERN TRUST CORP

$7,743,955

1.30%

513,525

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NORTHERN TRUST CO joint	449,189	$6,773,770	87.5%	Defined
NORTHERN TRUST GLOBAL INVESTMENTS LTD	41,455	$625,141	8.1%	Defined
MASON STREET ADVISORS, LLC joint	14,944	$225,355	2.9%	Other
DWS INVESTMENT MANAGEMENT AMERICAS, INC joint	7,937	$119,689	1.5%	Other

BRIDGEWAY CAPITAL MANAGEMENT, LLC

$5,934,779

0.99%

393,553

MORGAN STANLEY

$5,036,626

0.84%

333,994

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY & CO INTERNATIONAL PLC	1,199	$18,080	0.4%	Defined
MORGAN STANLEY & CO. LLC	16,139	$243,376	4.8%	Defined
MORGAN STANLEY CAPITAL SERVICES, LLC	148,715	$2,242,622	44.5%	Defined
MORGAN STANLEY SMITH BARNEY LLC	14,059	$212,009	4.2%	Defined
PARAMETRIC PORTFOLIO ASSOCIATES LLC	153,882	$2,320,539	46.1%	Defined

VANGUARD FIDUCIARY TRUST CO

$4,573,462

0.76%

303,280

GAMCO INVESTORS, INC. ET AL

$4,071,600

0.68%

270,000

Bank of New York Mellon Corp

$4,041,287

0.68%

267,990

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Mellon Investments Corporation	134,878	$2,033,960	50.3%	Defined
BNY Mellon Investment Adviser, Inc.	36,208	$546,016	13.5%	Defined
The Bank of New York Mellon	92,717	$1,398,172	34.6%	Defined
BNY Mellon, NA joint	4,186	$63,124	1.6%	Defined
Held directly	1	$15	0.0%	Defined

Empowered Funds, LLC

$3,974,379

0.66%

263,553

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Bridgeway Capital Management, LLC	263,553	$3,974,379	100.0%	Other

GOLDMAN SACHS GROUP INC

$3,860,751

0.65%

256,018

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	141,943	$2,140,500	55.4%	Defined
GOLDMAN SACHS ASSET MANAGEMENT, L.P.	114,075	$1,720,251	44.6%	Defined

PRINCIPAL FINANCIAL GROUP INC

$3,347,909

0.56%

222,010

Invesco Ltd.

$3,078,053

0.51%

204,115

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Invesco Advisers, Inc. joint	17,763	$267,865	8.7%	Defined
Invesco Trust Co joint	20,439	$308,220	10.0%	Defined
Invesco Capital Management LLC	165,913	$2,501,968	81.3%	Defined

CITIGROUP INC

$2,703,149

0.45%

179,254

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citigroup Financial Products Inc. joint	179,254	$2,703,149	100.0%	Defined

Nuveen, LLC

$2,642,844

0.44%

175,255

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Nuveen Asset Management, LLC joint	67,865	$1,023,403	38.7%	Defined
TEACHERS ADVISORS, LLC joint	107,390	$1,619,441	61.3%	Defined

GABELLI FUNDS LLC

$2,613,816

0.44%

173,330

FRANKLIN RESOURCES INC

$2,606,968

0.44%

172,876

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Brandywine Global Investment Management, LLC	163,110	$2,459,698	94.4%	Defined
FIDUCIARY TRUST CO INTERNATIONAL	20	$301	0.0%	Defined
FIDUCIARY TRUST INTERNATIONAL LLC	193	$2,910	0.1%	Defined
FRANKLIN ADVISERS INC	9,553	$144,059	5.5%	Defined

Whitebark Investors LP

$2,520,667

0.42%

167,153

Public Sector Pension Investment Board

$2,378,553

0.40%

157,729

UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

$2,189,732

0.37%

145,208

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Group AG	4,321	$65,160	3.0%	Defined
UBS Asset Management Switzerland AG	108,716	$1,639,436	74.9%	Defined
UBS Asset Management (UK) Ltd.	16,779	$253,026	11.6%	Other
Held directly	15,392	$232,110	10.6%	Defined

RHUMBLINE ADVISERS

$1,820,533

0.30%

120,725

RWA WEALTH PARTNERS, LLC

$1,801,667

0.30%

119,474

Legal & General Group Plc

$1,538,384

0.26%

102,015

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Legal & General Investment Management America Inc	70,962	$1,070,106	69.6%	Defined
Legal & General Investment Management Ltd joint	31,053	$468,278	30.4%	Defined

Quantinno Capital Management LP

$1,536,139

0.26%

101,866

UBS Group AG

$1,495,331

0.25%

99,160

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	1,772	$26,721	1.8%	Defined
UBS AG	90,778	$1,368,932	91.5%	Defined
UBS Switzerland AG	6,610	$99,678	6.7%	Defined

Swiss National Bank

$1,338,681

0.22%

88,772

PRICE T ROWE ASSOCIATES INC /MD/

$1,293,471

0.22%

85,774

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
T. Rowe Price International Ltd	85,774	$1,293,471	100.0%	Defined

HRT FINANCIAL LP

$1,141,812

0.19%

75,717

FMR LLC

$1,137,665

0.19%

75,442

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Fidelity Management & Research Co LLC	75,367	$1,136,534	99.9%	Defined
STRATEGIC ADVISERS LLC	75	$1,131	0.1%	Defined

CITADEL ADVISORS LLC

$1,135,162

0.19%

75,276

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	40,250	$606,970	53.5%	Defined
Held directly	35,026	$528,192	46.5%	Defined

AQR CAPITAL MANAGEMENT LLC

$1,102,858

0.18%

73,134

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Petros Family Wealth, LLC	38	$573	0.1%	Other
RF&L WEALTH MANAGEMENT, LLC	8	$120	0.0%	Other
Compound Planning, Inc.	26	$392	0.0%	Other
Arax Advisory Partners	1,083	$16,331	1.5%	Other
HALBERT HARGROVE GLOBAL ADVISORS, LLC	473	$7,132	0.6%	Other
Stokes Family Office, LLC	5	$75	0.0%	Other
Held directly	71,501	$1,078,235	97.8%	Defined

BANK OF AMERICA CORP /DE/

$1,049,809

0.18%

69,616

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BANK OF AMERICA NA	54,100	$815,828	77.7%	Defined
BOFA SECURITIES, INC.	15,516	$233,981	22.3%	Defined

AMERIPRISE FINANCIAL INC

$1,044,667

0.17%

69,275

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Columbia Management Investment Advisers, LLC	69,275	$1,044,667	100.0%	Defined

NEW YORK STATE TEACHERS RETIREMENT SYSTEM

$994,314

0.17%

65,936

JPMORGAN CHASE & CO

$963,777

0.16%

63,911

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
JPMorgan Chase Bank, N.A.	20,895	$315,096	32.7%	Defined
J.P. Morgan Investment Management Inc.	43,016	$648,681	67.3%	Defined

Trexquant Investment LP

$936,241

0.16%

62,085

ALLIANCEBERNSTEIN L.P.

$921,176

0.15%

61,086

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Equitable Holdings, Inc.	61,086	$921,176	100.0%	Defined

Jump Financial, LLC

$871,624

0.15%

57,800

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Leap GP LLC joint	57,800	$871,624	100.0%	Defined

NATURAL INVESTMENTS, LLC

$862,500

0.14%

57,195

Creative Planning

$856,709

0.14%

56,811

Campbell & CO Investment Adviser LLC

$834,617

0.14%

55,346

CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM

$826,127

0.14%

54,783

DEUTSCHE BANK AG\

$808,107

0.14%

53,588

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
DWS Investments UK Ltd	53,588	$808,107	100.0%	Defined

VICTORY CAPITAL MANAGEMENT INC

$797,264

0.13%

52,869

FIRST TRUST ADVISORS LP

$754,723

0.13%

50,048

Pathstone Holdings, LLC

$739,764

0.12%

49,056

PRUDENTIAL FINANCIAL INC

$734,380

0.12%

48,699

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
PGIM Quantitative Solutions LLC	48,699	$734,380	100.0%	Defined

RENAISSANCE TECHNOLOGIES LLC

$723,840

0.12%

48,000

Susquehanna Portfolio Strategies, LLC

$680,334

0.11%

45,115

WELLS FARGO & COMPANY/MN

$651,334

0.11%

43,192

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO BANK N A	42,212	$636,556	97.7%	Defined
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC	480	$7,238	1.1%	Defined
WELLS FARGO CLEARING SERVICES, LLC	500	$7,540	1.2%	Defined

Visionary Wealth Advisors

$641,729

0.11%

42,555

ACORN FINANCIAL ADVISORY SERVICES INC /ADV

$628,624

0.11%

41,686

CANADA LIFE ASSURANCE Co

$583,490

0.10%

38,693

LPL Financial LLC

$519,943

0.09%

34,479

FULLER & THALER ASSET MANAGEMENT, INC.

$519,656

0.09%

34,460

TWO SIGMA INVESTMENTS, LP

$511,543

0.09%

33,922

VANGUARD ASSET MANAGEMENT, Ltd

$503,491

0.08%

33,388

Quantbot Technologies LP

$501,304

0.08%

33,243

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Manager 1	33,243	$501,304	100.0%	Sole

BEACON INVESTMENT ADVISORS LLC

$479,634

0.08%

31,806

Janney Montgomery Scott LLC

$463,906

0.08%

30,763

Thrivent Financial for Lutherans

$454,692

0.08%

30,152

Trek Financial, LLC

$450,831

0.08%

29,896

MetLife Investment Management, LLC

$442,085

0.07%

29,316

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
METLIFE INC	29,316	$442,085	100.0%	Defined

Cornerstone Advisory, LLC

$424,441

0.07%

28,146

Russell Investments Group, Ltd.

$420,339

0.07%

27,874

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Russell Investment Management, LLC	27,874	$420,339	100.0%	Defined

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$403,193

0.07%

26,737

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	26,737	$403,193	100.0%	Other

Squarepoint Ops LLC

$365,810

0.06%

24,258

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Squarepoint Capital LLP	24,258	$365,810	100.0%	Defined

Graves Light Lenhart Wealth, Inc.

$364,031

0.06%

24,140

Illinois Municipal Retirement Fund

$360,517

0.06%

23,907

Numerai GP LLC

$356,642

0.06%

23,650

Capital Investment Advisory Services, LLC

$354,380

0.06%

23,500

Zurcher Kantonalbank (Zurich Cantonalbank)

$353,098

0.06%

23,415

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

$349,991

0.06%

23,209

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Global X Management CO LLC joint	23,209	$349,991	100.0%	Defined

Schonfeld Strategic Advisors LLC

$341,064

0.06%

22,617

CDC Financial, Inc.

$336,284

0.06%

22,300

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
COGHILL CLINT D	22,300	$336,284	100.0%	Defined

Balyasny Asset Management L.P.

$325,094

0.05%

21,558

Jupiter Topco LLC

$315,126

0.05%

20,897

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
JANUS HENDERSON INVESTORS UK Ltd	20,897	$315,126	100.0%	Defined

Connor, Clark & Lunn Investment Management Ltd.

$304,842

0.05%

20,215

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Manager 1	20,215	$304,842	100.0%	Sole

Louisiana State Employees Retirement System

$303,108

0.05%

20,100

Kestra Advisory Services, LLC

$300,589

0.05%

19,933

MIRABELLA FINANCIAL SERVICES LLP

$293,833

0.05%

19,485

GSA CAPITAL PARTNERS LLP

$255,922

0.04%

16,971

State of Alaska, Department of Revenue

$253,328

0.04%

16,799

Vanguard Global Advisers, LLC

$251,881

0.04%

16,703

NEW YORK STATE COMMON RETIREMENT FUND

$245,954

0.04%

16,310

Jain Global LLC

$224,692

0.04%

14,900

BNP PARIBAS ARBITRAGE, SA

$222,098

0.04%

14,728

Key facts CIK 354963 CUSIP 82312B106 13F (30d) 86 filings 86 filers Visit website Investor relations