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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
Covestor Ltd25$00.00%+10+66.7%Added
Dunhill Financial, LLC1$70.00%+1New
Torren Management, LLC1$100.00%+1New
Essential Partners LLC2$230.00%+2New
MJT & Associates Financial Advisory Group, Inc.5$580.00%00.0%Unchanged
Rachor Investment Advisory Services, LLC5$580.00%+5New
CIBC Private Wealth Group, LLC11$1270.00%+11New
Flagship Harbor Advisors, LLC11$1280.00%+11New
Quadrant Capital Group LLC14$1620.00%00.0%Unchanged
Fifth Third Bancorp34$3930.00%−165−82.9%Reduced
IFP Advisors, Inc40$4620.00%−145−78.4%Reduced
Allworth Financial LP42$4860.00%−27−39.1%Reduced
Rockefeller Capital Management L.P.44$5090.00%−305−87.4%Reduced
US Bancorp67$7750.00%−5,434−98.8%Reduced
Signaturefd, LLC72$8320.00%−53−42.4%Reduced
Bessemer Group Inc61$1.00K0.00%−29−32.2%Reduced
Federated Hermes, Inc.87$1.01K0.00%−79−47.6%Reduced
Salomon & Ludwin, LLC103$1.17K0.00%−86−45.5%Reduced
EverSource Wealth Advisors, LLC142$1.64K0.00%−150−51.4%Reduced
Pinnacle Wealth Planning Services, Inc.174$2.01K0.00%+174New
Hughes Financial Services, LLC180$2.08K0.00%+180New
Massmutual Trust Co FSB263$3.04K0.00%+263New
Los Angeles Capital Management LLC300$3.73K0.00%+300New
Farther Finance Advisors, LLC348$4.02K0.00%+316+987.5%Added
Jones Financial Companies LLLP436$5.04K0.00%00.0%Unchanged
Parallel Advisors, LLC485$5.61K0.00%00.0%Unchanged
Smartleaf Asset Management LLC519$6.03K0.00%−3,075−85.6%Reduced
Private Wealth Asset Management, LLC544$6.29K0.00%00.0%Unchanged
SRS Capital Advisors, Inc.671$7.76K0.00%−451−40.2%Reduced
Atlantic Union Bankshares Corp715$8.27K0.00%00.0%Unchanged
Nisa Investment Advisors, LLC775$8.96K0.00%−1,589−67.2%Reduced
BNP PARIBAS ASSET MANAGEMENT Holding S.A.962$11.0K0.00%+237+32.7%Added
Hantz Financial Services, Inc.1,073$12.0K0.00%+993+1,241.3%Added
Steward Partners Investment Advisory, LLC1,500$17.3K0.00%−13,500−90.0%Reduced
Public Employees Retirement System of Ohio1,544$17.8K0.00%−157−9.2%Reduced
Advisor Group Holdings, Inc.1,943$22.5K0.00%−9−0.5%Reduced
Versant Capital Management, Inc2,022$23.4K0.00%+237+13.3%Added
Tower Research Capital LLC (TRC)2,743$31.7K0.00%+1,015+58.7%Added
Pinnacle Holdings, LLC2,853$33.0K0.01%−62−2.1%Reduced
Sterling Capital Management LLC2,927$33.8K0.00%−577−16.5%Reduced
Russell Investments Group, Ltd.4,206$48.6K0.00%−37−0.9%Reduced
Caitlin John, LLC4,550$52.6K0.03%+3,477+324.0%Added
Ameritas Investment Partners, Inc.4,830$55.8K0.00%00.0%Unchanged
Ensign Peak Advisors, Inc6,982$80.7K0.00%−14,050−66.8%Reduced
GAMMA Investing LLC7,946$91.9K0.00%−3,787−32.3%Reduced
Public Employees Retirement Association of Colorado8,730$101.0K0.00%00.0%Unchanged
Comerica Bank9,750$112.7K0.00%−3,735−27.7%Reduced
Umb Bank N A9,959$115.1K0.00%+9,550+2,335.0%Added
KLP Kapitalforvaltning AS10,000$115.6K0.00%+2,000+25.0%Added
Numerai GP LLC10,311$119.2K0.01%00.0%Unchanged
Oregon Public Employees Retirement Fund10,410$120.3K0.00%+100+1.0%Added
Amundi10,567$122.2K0.00%+10,567New
Commonwealth of Pennsylvania Public School Empls Retrmt Sys11,280$130.4K0.00%−324−2.8%Reduced
Teachers Retirement System of the State of Kentucky11,596$134.0K0.00%−1,626−12.3%Reduced
State of Tennessee, Treasury Department11,454$136.0K0.00%−905−7.3%Reduced
Yousif Capital Management, LLC12,213$136.5K0.00%−1,981−14.0%Reduced
BNP Paribas Arbitrage, SA11,996$138.7K0.00%−832−6.5%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)12,688$146.7K0.00%+1,511+13.5%Added
Inscription Capital, LLC12,788$147.8K0.02%+12,788New
Arizona State Retirement System12,945$149.6K0.00%−842−6.1%Reduced
New York State Common Retirement Fund13,010$150.4K0.00%00.0%Unchanged
Amalgamated Bank13,828$160.0K0.00%+168+1.2%Added
State Board of Administration of Florida Retirement System13,870$160.3K0.00%00.0%Unchanged
Police & Firemen's Retirement System of New Jersey14,045$162.4K0.00%00.0%Unchanged
Caxton Associates LLP14,553$168.2K0.00%−13,155−47.5%Reduced
Graham Capital Management, L.P.15,317$177.1K0.01%+15,317New
Manufacturers Life Insurance Company, The15,749$182.1K0.00%−1,622−9.3%Reduced
Susquehanna International Group, LLP17,967$207.7K0.00%−7,881−30.5%Reduced
Citigroup Inc18,789$217.2K0.00%+2,721+16.9%Added
Salvus Wealth Management, LLC19,067$220.4K0.12%+438+2.4%Added
Inceptionr LLC19,101$220.8K0.06%+19,101New
Intech Investment Management LLC19,620$226.8K0.00%−22,178−53.1%Reduced
Kestra Advisory Services, LLC19,919$230.3K0.00%+27+0.1%Added
The PNC Financial Services Group, Inc.20,127$232.7K0.00%−8,311−29.2%Reduced
Louisiana State Employees Retirement System20,900$241.6K0.00%00.0%Unchanged
Janus Henderson Group PLC20,897$241.7K0.00%00.0%Unchanged
Verition Fund Management LLC20,927$241.9K0.00%−13−0.1%Reduced
Graves-Light Private Wealth Management, Inc.21,665$250.4K0.03%−2,797−11.4%Reduced
SG Americas Securities, LLC22,096$255.0K0.00%+12,238+124.1%Added
Brevan Howard Capital Management LP22,633$261.6K0.01%−11,376−33.4%Reduced
Guggenheim Capital LLC22,840$264.0K0.00%+22,840New
Mirae Asset Global ETFs Holdings Ltd.23,576$272.5K0.00%−301−1.3%Reduced
Illinois Municipal Retirement Fund23,786$275.0K0.00%−324−1.3%Reduced
Visionary Wealth Advisors24,275$280.6K0.01%−11,090−31.4%Reduced
State of Alaska, Department of Revenue24,504$282.0K0.00%−100−0.4%Reduced
Davenport & Co LLC24,472$282.9K0.00%−641,104−96.3%Reduced
Aquatic Capital Management LLC27,666$319.8K0.01%−7,030−20.3%Reduced
MetLife Investment Management27,737$320.6K0.00%−975−3.4%Reduced
Royal Bank of Canada28,948$334.0K0.00%−85,014−74.6%Reduced
BCJ Capital Management, LLC29,896$345.6K0.02%00.0%Unchanged
Janney Montgomery Scott LLC30,763$356.0K0.00%00.0%Unchanged
Thrivent Financial for Lutherans31,309$362.0K0.00%−1,563−4.8%Reduced
Fuller & Thaler Asset Management, Inc.33,860$391.4K0.00%00.0%Unchanged
Cornerstone Advisory, LLC35,301$408.1K0.04%−35−0.1%Reduced
Royce & Associates LP36,519$422.2K0.00%00.0%Unchanged
LPL Financial LLC36,749$424.8K0.00%−2,166−5.6%Reduced
Beacon Investment Advisors LLC37,346$431.7K0.17%−775−2.0%Reduced
Great West Life Assurance Co38,693$447.0K0.00%−17,997−31.7%Reduced
Capital Investment Advisory Services, LLC41,000$474.0K0.03%+8,000+24.2%Added
Acorn Financial Advisory Services Inc41,686$481.9K0.07%00.0%Unchanged