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Shenandoah Telecommunications Co

SHEN
Exchange
Nasdaq
Industry
Telephone Communications (No Radiotelephone)
SEC CIK
0000354963

In the last 90 days, Shenandoah Telecommunications Co insiders filed 2 open-market purchases and 0 sales; 184 institutions reported holding it in 13F filings for Q2 2026, worth $598.0M in total; Southeastern Asset Management (Longleaf) is the only superinvestor holding it.

13F holders, Q4 2025

Institutional positions in Shenandoah Telecommunications Co as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
161
0 vs. Q3 2025
Shares held
40.2M
+781.7K (+2.0%) vs. Q3 2025
Total value
$464.6M
−$64.2M (−12.1%) vs. Q3 2025
New holders
16
46 more added
Sold out
16
73 more reduced

1 institution that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting SHEN on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 161 institutions
Q1 2021: 150 institutionsQ2 2021: 152 institutionsQ3 2021: 141 institutionsQ4 2021: 158 institutionsQ1 2022: 156 institutionsQ2 2022: 152 institutionsQ3 2022: 138 institutionsQ4 2022: 137 institutionsQ1 2023: 127 institutionsQ2 2023: 126 institutionsQ3 2023: 131 institutionsQ4 2023: 144 institutionsQ1 2024: 145 institutionsQ2 2024: 143 institutionsQ3 2024: 156 institutionsQ4 2024: 157 institutionsQ1 2025: 164 institutionsQ2 2025: 165 institutionsQ3 2025: 162 institutionsQ4 2025: 161 institutionsQ1 2026: 170 institutionsQ2 2026: 184 institutions
Value heldQ4 2025: $464.6M
Q1 2021: $1.33BQ2 2021: $1.34BQ3 2021: $877.4MQ4 2021: $712.8MQ1 2022: $693.3MQ2 2022: $668.3MQ3 2022: $507.6MQ4 2022: $504.1MQ1 2023: $605.4MQ2 2023: $619.4MQ3 2023: $635.9MQ4 2023: $673.9MQ1 2024: $542.8MQ2 2024: $580.0MQ3 2024: $504.2MQ4 2024: $466.8MQ1 2025: $463.8MQ2 2025: $525.7MQ3 2025: $528.9MQ4 2025: $464.6MQ1 2026: $620.1MQ2 2026: $598.0M
Institutions holding SHEN and their total value by quarter
QuarterHoldersValue
Q2 2026184$598.0M
Q1 2026170$620.1M
Q4 2025161$464.6M
Q3 2025162$528.9M
Q2 2025165$525.7M
Q1 2025164$463.8M
Q4 2024157$466.8M
Q3 2024156$504.2M
Q2 2024143$580.0M
Q1 2024145$542.8M
Q4 2023144$673.9M
Q3 2023131$635.9M
Q2 2023126$619.4M
Q1 2023127$605.4M
Q4 2022137$504.1M
Q3 2022138$507.6M
Q2 2022152$668.3M
Q1 2022156$693.3M
Q4 2021158$712.8M
Q3 2021141$877.4M
Q2 2021152$1.34B
Q1 2021150$1.33B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Shenandoah Telecommunications Co; share changes are against Q3 2025.

Institutions holding SHEN in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
BlackRock, Inc.7,017,163$81.1M0.00%+92,945+1.3%Added
GCM Grosvenor Holdings, LLC4,105,126$47.5M6.73%00.0%Unchanged
ECP ControlCo, LLC3,457,105$40.0M19.50%+79,872+2.4%Added
Vanguard Group Inc3,428,108$39.6M0.00%−962,426−21.9%Reduced
Southeastern Asset Management IncSuperinvestorSoutheastern Asset Management (Longleaf)2,940,296$34.0M1.51%+492,056+20.1%Added
Dimensional Fund Advisors LP2,486,910$28.7M0.01%−152,203−5.8%Reduced
State Street Corp1,927,155$22.3M0.00%+31,375+1.7%Added
Geode Capital Management, LLC1,206,253$13.9M0.00%−45,369−3.6%Reduced
Millennium Management LLC1,087,246$12.6M0.01%+997,882+1,116.6%Added
American Century Companies Inc1,085,281$12.5M0.01%+153,351+16.5%Added
Cooper Investors Pty Ltd950,951$11.0M3.65%+425,582+81.0%Added
Broad Run Investment Management, LLC891,096$10.3M1.91%−6,379−0.7%Reduced
Charles Schwab Investment Management Inc796,076$9.20M0.00%+59,443+8.1%Added
Cerity Partners LLC643,172$7.44M0.01%+13,273+2.1%Added
Invesco Ltd.607,617$7.02M0.00%+154,115+34.0%Added
Northern Trust Corp457,005$5.28M0.00%−65,229−12.5%Reduced
Whitebark Investors LP423,063$4.89M2.95%+423,063New
Morgan Stanley372,671$4.31M0.00%−81,910−18.0%Reduced
Bridgeway Capital Management, LLC353,132$4.08M0.09%+22,242+6.7%Added
FMR LLC289,340$3.34M0.00%+174,631+152.2%Added
Bank of New York Mellon Corp277,676$3.21M0.00%−168,596−37.8%Reduced
Gamco Investors, Inc. Et Al263,126$3.04M0.03%00.0%Unchanged
Two Sigma Investments, LP252,179$2.92M0.00%+46,131+22.4%Added
Empowered Funds, LLC228,132$2.64M0.04%+22,242+10.8%Added
Principal Financial Group Inc217,360$2.51M0.00%−3,009−1.4%Reduced
Gabelli Funds LLC198,530$2.30M0.02%+47,100+31.1%Added
Goldman Sachs Group Inc190,497$2.20M0.00%−293,998−60.7%Reduced
HRT Financial LP166,189$1.92M0.01%+113,296+214.2%Added
Public Sector Pension Investment Board157,903$1.83M0.01%−19,818−11.2%Reduced
UBS Group AG145,131$1.68M0.00%+23,432+19.3%Added
Rhumbline Advisers141,332$1.63M0.00%−6,238−4.2%Reduced
Brandywine Global Investment Management, LLC134,050$1.55M0.01%−5,100−3.7%Reduced
UBS Asset Management Americas Inc128,346$1.48M0.00%−5,516−4.1%Reduced
Squarepoint Ops LLC125,572$1.45M0.00%+104,511+496.2%Added
Adviser Investments LLC119,465$1.38M0.02%00.0%Unchanged
Legal & General Group Plc118,655$1.37M0.00%−5,086−4.1%Reduced
Nuveen, LLC109,177$1.26M0.00%00.0%Unchanged
Quantinno Capital Management LP95,673$1.11M0.00%+76,898+409.6%Added
Swiss National Bank92,072$1.06M0.00%+3,000+3.4%Added
Barclays PLC79,220$915.8K0.00%+7,290+10.1%Added
ExodusPoint Capital Management, LP76,692$886.6K0.01%−28,953−27.4%Reduced
Ameriprise Financial Inc75,562$873.5K0.00%−13,050−14.7%Reduced
CWM, LLC73,263$847.0K0.00%−212−0.3%Reduced
Jane Street Group, LLC70,738$817.7K0.00%+948+1.4%Added
Creative Planning68,781$795.1K0.00%−7,463−9.8%Reduced
Price T Rowe Associates Inc68,126$788.0K0.00%+6,820+11.1%Added
New York State Teachers Retirement System67,436$780.0K0.00%00.0%Unchanged
Renaissance Technologies LLC65,100$752.6K0.00%−50,600−43.7%Reduced
Natural Investments, LLC62,373$721.0K0.18%00.0%Unchanged
Bank of America Corp62,142$718.4K0.00%+23,332+60.1%Added
Alliancebernstein L.P.60,086$694.6K0.00%00.0%Unchanged
Wells Fargo & Company58,219$673.0K0.00%−62,226−51.7%Reduced
First Trust Advisors LP57,838$668.6K0.00%+8,976+18.4%Added
Two Sigma Advisers, LP54,700$632.3K0.00%+17,600+47.4%Added
Pathstone Holdings, LLC44,986$520.0K0.00%+87+0.2%Added
JPMorgan Chase & Co44,196$510.9K0.00%−358−0.8%Reduced
Prudential Financial Inc43,269$500.2K0.00%−3,571−7.6%Reduced
California State Teachers Retirement System43,113$498.4K0.00%−35−0.1%Reduced
Quest Partners LLC42,498$491.3K0.03%+28,645+206.8%Added
Citadel Advisors LLC42,082$486.5K0.00%−74,343−63.9%Reduced
Deutsche Bank AG42,021$485.8K0.00%+1,841+4.6%Added
Acorn Financial Advisory Services Inc41,686$481.9K0.07%00.0%Unchanged
Capital Investment Advisory Services, LLC41,000$474.0K0.03%+8,000+24.2%Added
Great West Life Assurance Co38,693$447.0K0.00%−17,997−31.7%Reduced
Beacon Investment Advisors LLC37,346$431.7K0.17%−775−2.0%Reduced
LPL Financial LLC36,749$424.8K0.00%−2,166−5.6%Reduced
Royce & Associates LP36,519$422.2K0.00%00.0%Unchanged
Cornerstone Advisory, LLC35,301$408.1K0.04%−35−0.1%Reduced
Fuller & Thaler Asset Management, Inc.33,860$391.4K0.00%00.0%Unchanged
Thrivent Financial for Lutherans31,309$362.0K0.00%−1,563−4.8%Reduced
Janney Montgomery Scott LLC30,763$356.0K0.00%00.0%Unchanged
BCJ Capital Management, LLC29,896$345.6K0.02%00.0%Unchanged
Royal Bank of Canada28,948$334.0K0.00%−85,014−74.6%Reduced
MetLife Investment Management27,737$320.6K0.00%−975−3.4%Reduced
Aquatic Capital Management LLC27,666$319.8K0.01%−7,030−20.3%Reduced
Davenport & Co LLC24,472$282.9K0.00%−641,104−96.3%Reduced
State of Alaska, Department of Revenue24,504$282.0K0.00%−100−0.4%Reduced
Visionary Wealth Advisors24,275$280.6K0.01%−11,090−31.4%Reduced
Illinois Municipal Retirement Fund23,786$275.0K0.00%−324−1.3%Reduced
Mirae Asset Global ETFs Holdings Ltd.23,576$272.5K0.00%−301−1.3%Reduced
Guggenheim Capital LLC22,840$264.0K0.00%+22,840New
Brevan Howard Capital Management LP22,633$261.6K0.01%−11,376−33.4%Reduced
SG Americas Securities, LLC22,096$255.0K0.00%+12,238+124.1%Added
Graves-Light Private Wealth Management, Inc.21,665$250.4K0.03%−2,797−11.4%Reduced
Verition Fund Management LLC20,927$241.9K0.00%−13−0.1%Reduced
Janus Henderson Group PLC20,897$241.7K0.00%00.0%Unchanged
Louisiana State Employees Retirement System20,900$241.6K0.00%00.0%Unchanged
The PNC Financial Services Group, Inc.20,127$232.7K0.00%−8,311−29.2%Reduced
Kestra Advisory Services, LLC19,919$230.3K0.00%+27+0.1%Added
Intech Investment Management LLC19,620$226.8K0.00%−22,178−53.1%Reduced
Inceptionr LLC19,101$220.8K0.06%+19,101New
Salvus Wealth Management, LLC19,067$220.4K0.12%+438+2.4%Added
Citigroup Inc18,789$217.2K0.00%+2,721+16.9%Added
Susquehanna International Group, LLP17,967$207.7K0.00%−7,881−30.5%Reduced
Manufacturers Life Insurance Company, The15,749$182.1K0.00%−1,622−9.3%Reduced
Graham Capital Management, L.P.15,317$177.1K0.01%+15,317New
Caxton Associates LLP14,553$168.2K0.00%−13,155−47.5%Reduced
Police & Firemen's Retirement System of New Jersey14,045$162.4K0.00%00.0%Unchanged
State Board of Administration of Florida Retirement System13,870$160.3K0.00%00.0%Unchanged
Amalgamated Bank13,828$160.0K0.00%+168+1.2%Added