Ranked by reported Q2 2026 13F market value
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. | 7.1M | $106.9M | +1.6% | 12.805% | 0.00% |
| 2 | GCM Grosvenor Holdings, LLC | 4.1M | $62.1M | 0.0% | 7.434% | 2.68% |
| 3 | ECP ControlCo, LLC | 3.5M | $52.1M | 0.0% | 6.244% | 1.12% |
| 4 | SOUTHEASTERN ASSET MANAGEMENT INC/TN/ | 2.6M | $39.5M | -11.0% | 4.726% | 2.06% |
| 5 | DIMENSIONAL FUND ADVISORS LP | 2.6M | $39.4M | +5.8% | 4.721% | 0.01% |
| 6 | STATE STREET CORP | 2.1M | $32.4M | +9.7% | 3.882% | 0.00% |
| 7 | VANGUARD CAPITAL MANAGEMENT LLC | 2.1M | $31.0M | -5.5% | 3.719% | 0.00% |
| 8 | AMERICAN CENTURY COMPANIES INC | 1.4M | $21.6M | +21.6% | 2.593% | 0.01% |
| 9 | GEODE CAPITAL MANAGEMENT, LLC | 1.3M | $19.6M | +3.5% | 2.345% | 0.00% |
| 10 | COOPER INVESTORS PTY LTD | 930K | $14.0M | -0.8% | 1.680% | 6.44% |
| 11 | VANGUARD PORTFOLIO MANAGEMENT LLC | 913K | $13.8M | +3.5% | 1.649% | 0.00% |
| 12 | MILLENNIUM MANAGEMENT LLC | 731K | $11.0M | -38.7% | 1.321% | 0.00% |
| 13 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 718K | $10.8M | -8.8% | 1.297% | 0.00% |
| 14 | Broad Run Investment Management, LLC | 659K | $9.9M | -25.0% | 1.190% | 1.53% |
| 15 | Cerity Partners LLC | 647K | $9.8M | +0.5% | 1.169% | 0.01% |
| 16 | ROYCE & ASSOCIATES LP | 643K | $9.7M | +1661.0% | 1.162% | 0.08% |
| 17 | NORTHERN TRUST CORP | 514K | $7.7M | +5.6% | 0.927% | 0.00% |
| 18 | BRIDGEWAY CAPITAL MANAGEMENT, LLC | 394K | $5.9M | +4.2% | 0.711% | 0.10% |
| 19 | MORGAN STANLEY | 334K | $5.0M | -15.2% | 0.603% | 0.00% |
| 20 | VANGUARD FIDUCIARY TRUST CO | 303K | $4.6M | -0.2% | 0.548% | 0.00% |
| 21 | GAMCO INVESTORS, INC. ET AL | 270K | $4.1M | 0.0% | 0.488% | 0.04% |
| 22 | Bank of New York Mellon Corp | 268K | $4.0M | +1.5% | 0.484% | 0.00% |
| 23 | Empowered Funds, LLC | 264K | $4.0M | +6.4% | 0.476% | 0.02% |
| 24 | GOLDMAN SACHS GROUP INC | 256K | $3.9M | -0.1% | 0.462% | 0.00% |
| 25 | PRINCIPAL FINANCIAL GROUP INC | 222K | $3.3M | +0.1% | 0.401% | 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.
Filings activity in SHEN during Q2 2026, grouped by how each filer changed its position.
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 |
|---|---|---|---|---|---|---|
| Q2 2026 | 183 | +8.3% | 71.62% | 1.66 pp | $591M | 3.5% |
| Q1 2026 | 169 | +5.6% | 73.28% | +0.01 pp | $613M | +34% |
| Q4 2025 | 160 | +0.6% | 73.27% | +1.47 pp | $458M | 12% |
| Q3 2025 | 159 | 1.9% | 71.80% | +1.76 pp | $522M | +1.1% |
| Q2 2025 | 162 | +0.6% | 70.04% | +2.86 pp | $516M | +15% |
| Q1 2025 | 161 | +1.9% | 67.18% | +0.51 pp | $451M | 0.9% |
| Q4 2024 | 158 | +2.6% | 66.67% | +1.68 pp | $455M | 7.2% |
| Q3 2024 | 154 | — | 64.99% | — | $490M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying SHEN stock.
Based on Q2 2026 13F filings, institutional ownership of Shenandoah Telecommunications Company stands at 71.6%, held across 183 reporting institutions.
BlackRock, Inc. is the largest reported institutional holder of SHEN, with approximately 7,089,344 shares worth $0.11B as of Q2 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of SHEN, including MILLENNIUM MANAGEMENT LLC.
Our composite Smart Money Score for SHEN is 45 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
28 institutions opened new positions in SHEN during Q2 2026, while 12 fully exited. 53 added to existing positions and 97 trimmed.
SHEN institutional ownership fell by 1.66 percentage points quarter-over-quarter, with a net change of +14 holders.
The top 10 institutions account for 70.8% of all reported 13F value in SHEN, and the top 25 account for 89.0%.
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