What percentage of SHEN is owned by institutions?

Based on Q1 2026 13F filings, institutional ownership of Shenandoah Telecommunications Company stands at 67.3%, held across 167 reporting institutions.

Who is the largest institutional holder of SHEN?

BlackRock, Inc. is the largest reported institutional holder of SHEN, with approximately 6,977,716 shares worth $0.11B as of Q1 2026.

Is SHEN a hedge fund favorite?

Yes — 2 widely-followed marquee investors appear among the top 25 institutional holders of SHEN, including MILLENNIUM MANAGEMENT LLC, TWO SIGMA INVESTMENTS, LP.

What is SHEN's Smart Money Score?

Our composite Smart Money Score for SHEN is 67 out of 100 (Bullish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.

How many institutions bought SHEN this quarter?

29 institutions opened new positions in SHEN during Q1 2026, while 22 fully exited. 124 added to existing positions and 12 trimmed.

How is institutional ownership of SHEN changing?

SHEN institutional ownership rose by 16.97 percentage points quarter-over-quarter, with a net change of +7 holders.

How concentrated is SHEN ownership among the top holders?

The top 10 institutions account for 69.8% of all reported 13F value in SHEN, and the top 25 account for 90.2%.

Where does this SHEN institutional ownership data come from?

All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.

Shenandoah Telecommunications Company (SHEN) Institutional Ownership Q1 2026 | Top 13F Holders

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Shenandoah Telecommunications Company (SHEN) Institutional Ownership Q1 2026 | Top 13F Holders | VCP Scanner

Top Institutional Holders of SHEN

Ranked by reported Q1 2026 13F market value

Top 10 Holders

69.8%

Top 25 Holders

90.2%

Share of total reported institutional value in SHEN held by the largest 10 / 25 filers.

#	Institution	Shares Held	Market Value	QoQ Change	Ownership %	% of Fund
1	BlackRock, Inc.	7.0M	$107.6M	-0.6%	12.618%	0.00%
2	GCM Grosvenor Holdings, LLC	4.1M	$63.5M	+0.3%	7.443%	7.04%
3	ECP ControlCo, LLC	3.5M	$53.3M	0.0%	6.251%	0.84%
4	SOUTHEASTERN ASSET MANAGEMENT INC/TN/	2.9M	$45.3M	0.0%	5.317%	2.23%
5	DIMENSIONAL FUND ADVISORS LP	2.5M	$38.1M	-0.6%	4.469%	0.01%
6	VANGUARD CAPITAL MANAGEMENT LLC	2.2M	$33.6M	—	3.940%	0.00%
7	STATE STREET CORP	2.0M	$30.2M	+1.7%	3.543%	0.00%
8	GEODE CAPITAL MANAGEMENT, LLC	1.3M	$19.3M	+4.0%	2.268%	0.00%
9	MILLENNIUM MANAGEMENT LLC	1.2M	$18.4M	+9.8%	2.158%	0.01%
10	AMERICAN CENTURY COMPANIES INC	1.2M	$18.2M	+8.8%	2.135%	0.01%
11	COOPER INVESTORS PTY LTD	937K	$14.5M	-1.4%	1.695%	5.89%
12	VANGUARD PORTFOLIO MANAGEMENT LLC	882K	$13.6M	—	1.595%	0.00%
13	Broad Run Investment Management, LLC	878K	$13.5M	-1.4%	1.588%	2.38%
14	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	787K	$12.1M	-1.1%	1.424%	0.00%
15	Whitebark Investors LP	726K	$11.2M	+71.7%	1.314%	8.96%
16	Cerity Partners LLC	644K	$9.9M	+0.1%	1.164%	0.01%
17	Invesco Ltd.	581K	$9.0M	-4.4%	1.050%	0.00%
18	NORTHERN TRUST CORP	486K	$7.5M	+6.4%	0.880%	0.00%
19	MORGAN STANLEY	394K	$6.1M	+5.6%	0.712%	0.00%
20	BRIDGEWAY CAPITAL MANAGEMENT, LLC	378K	$5.8M	+7.0%	0.683%	0.12%
21	TWO SIGMA INVESTMENTS, LP	310K	$4.8M	+23.0%	0.561%	0.00%
22	VANGUARD FIDUCIARY TRUST CO	304K	$4.7M	—	0.549%	0.00%
23	GAMCO INVESTORS, INC. ET AL	270K	$4.2M	+2.6%	0.488%	0.04%
24	Bank of New York Mellon Corp	264K	$4.1M	-4.9%	0.477%	0.00%
25	GOLDMAN SACHS GROUP INC	256K	$4.0M	+34.5%	0.463%	0.00%

denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in SHEN — a direct measure of their conviction.

SHEN Institutional Ownership by Quarter

8 quarters of 13F filings · Δ columns show change vs prior quarter

Quarter	Inst. Holders	Δ Holders	Ownership %	Δ Ownership	Total 13F Value	Δ Value
Q1 2026	167	+4.4%	67.27%	+16.97 pp	$612M	+34%
Q4 2025	160	+0.6%	50.30%	7.03 pp	$458M	12%
Q3 2025	159	1.9%	57.33%	+0.62 pp	$522M	+1.1%
Q2 2025	162	+0.6%	56.71%	+7.21 pp	$516M	+15%
Q1 2025	161	+1.9%	49.50%	0.45 pp	$451M	0.9%
Q4 2024	158	+2.6%	49.95%	3.88 pp	$455M	7.2%
Q3 2024	154	+8.5%	53.83%	8.92 pp	$490M	14%
Q2 2024	142	—	62.75%	—	$571M	—

Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.

Shenandoah Telecommunications Company (SHEN) Institutional Ownership

AI Insights & Key Takeaways

Top Institutional Holders of SHEN

Quarterly Institutional Activity

New Buyers

Exited Positions

SHEN Institutional Ownership by Quarter

SHEN — Frequently Asked Questions