SHENANDOAH TELECOMMUNICATIONS CO/VA/ (SHEN) — Institutional Holders, Q2 2026
185 institutional investment managers reported a SHEN position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $597.2M. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
SHEN in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- ROYCE & ASSOCIATESAdded · +606,574 sh+$9.1M
- AMERICAN CENTURY COMPANIESAdded · +254,525 sh+$3.8M
- STATE STREETAdded · +190,114 sh+$2.9M
- CITIGROUPAdded · +158,407 sh+$2.4M
- DIMENSIONAL FUND ADVISORSAdded · +142,761 sh+$2.2M
Biggest sellers
- Whitebark InvestorsTrimmed · -559,292 sh-$8.4M
- MILLENNIUM MANAGEMENTTrimmed · -461,783 sh-$7.0M
- Invesco Ltd.Trimmed · -376,652 sh-$5.7M
- SOUTHEASTERN ASSET MANAGEMENTTrimmed · -323,499 sh-$4.9M
- TWO SIGMA INVESTMENTSTrimmed · -276,252 sh-$4.2M
SHEN 13F holders ranked 1–100 of 185
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | BlackRock#1 · 7,089,344 sh | 7,089,344 | $106.9M | <0.01% | +1.6% |
| 2 | GCM Grosvenor#2 · 4,116,050 sh | 4,116,050 | $62.1M | 2.68% | 0.0% |
| 3 | ECP ControlCo#3 · 3,457,105 sh | 3,457,105 | $52.1M | 1.12% | 0.0% |
| 4 | SOUTHEASTERN ASSET MANAGEMENT#4 · 2,616,797 sh | 2,616,797 | $39.5M | 2.06% | -11.0% |
| 5 | DIMENSIONAL FUND ADVISORS#5 · 2,613,975 sh | 2,613,975 | $39.4M | <0.01% | +5.8% |
| 6 | STATE STREET#6 · 2,149,556 sh | 2,149,556 | $32.4M | <0.01% | +9.7% |
| 7 | VANGUARD CAPITAL MANAGEMENT#7 · 2,058,869 sh | 2,058,869 | $31.0M | <0.01% | -5.5% |
| 8 | AMERICAN CENTURY COMPANIES#8 · 1,435,478 sh | 1,435,478 | $21.6M | <0.01% | +21.6% |
| 9 | GEODE CAPITAL MANAGEMENT#9 · 1,298,399 sh | 1,298,399 | $19.6M | <0.01% | +3.5% |
| 10 | COOPER INVESTORS PTY LTD#10 · 930,143 sh | 930,143 | $14.0M | — | -0.8% |
| 11 | VANGUARD PORTFOLIO MANAGEMENT#11 · 912,882 sh | 912,882 | $13.8M | <0.01% | +3.5% |
| 12 | MILLENNIUM MANAGEMENT#12 · 731,426 sh | 731,426 | $11.0M | <0.01% | -38.7% |
| 13 | CHARLES SCHWAB INVESTMENT MANAGEMENT#13 · 718,217 sh | 718,217 | $10.8M | <0.01% | -8.8% |
| 14 | Broad Run Investment Management#14 · 658,567 sh | 658,567 | $9.9M | 1.53% | -25.0% |
| 15 | Cerity Partners#15 · 647,035 sh | 647,035 | $9.8M | 0.01% | +0.5% |
| 16 | ROYCE & ASSOCIATES#16 · 643,093 sh | 643,093 | $9.7M | 0.08% | +1661.0% |
| 17 | NORTHERN#17 · 513,525 sh | 513,525 | $7.7M | <0.01% | +5.6% |
| 18 | BRIDGEWAY CAPITAL MANAGEMENT#18 · 393,553 sh | 393,553 | $5.9M | 0.10% | +4.2% |
| 19 | MORGAN STANLEY#19 · 333,994 sh | 333,994 | $5.0M | <0.01% | -15.1% |
| 20 | VANGUARD FIDUCIARY#20 · 303,280 sh | 303,280 | $4.6M | <0.01% | -0.2% |
| 21 | GAMCO INVESTORS, ET AL#21 · 270,000 sh | 270,000 | $4.1M | 0.04% | 0.0% |
| 22 | Bank of New York Mellon#22 · 267,990 sh | 267,990 | $4.0M | <0.01% | +1.5% |
| 23 | Empowered Funds#23 · 263,553 sh | 263,553 | $4.0M | 0.02% | +6.4% |
| 24 | GOLDMAN SACHS GROUP#24 · 256,018 sh | 256,018 | $3.9M | <0.01% | -0.1% |
| 25 | PRINCIPAL FINANCIAL GROUP#25 · 222,010 sh | 222,010 | $3.3M | <0.01% | +0.1% |
| 26 | Invesco Ltd.#26 · 204,115 sh | 204,115 | $3.1M | <0.01% | -64.9% |
| 27 | CITIGROUP#27 · 179,254 sh | 179,254 | $2.7M | <0.01% | +759.9% |
| 28 | Nuveen#28 · 175,255 sh | 175,255 | $2.6M | <0.01% | +65.9% |
| 29 | GABELLI FUNDS#29 · 173,330 sh | 173,330 | $2.6M | 0.02% | -13.1% |
| 30 | FRANKLIN RESOURCES#30 · 172,876 sh | 172,876 | $2.6M | <0.01% | +61.9% |
| 31 | Whitebark Investors#31 · 167,153 sh | 167,153 | $2.5M | 1.95% | -77.0% |
| 32 | PUBLIC SECTOR PENSION INVESTMENT BOARD#32 · 157,729 sh | 157,729 | $2.4M | <0.01% | -3.2% |
| 33 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME#33 · 145,208 sh | 145,208 | $2.2M | <0.01% | +12.2% |
| 34 | RHUMBLINE ADVISERS#34 · 120,725 sh | 120,725 | $1.8M | <0.01% | -14.6% |
| 35 | RWA WEALTH PARTNERS#35 · 119,474 sh | 119,474 | $1.8M | 0.02% | 0.0% |
| 36 | Legal & General Group Plc#36 · 102,015 sh | 102,015 | $1.5M | <0.01% | -3.1% |
| 37 | Quantinno Capital Management#37 · 101,866 sh | 101,866 | $1.5M | <0.01% | +4.5% |
| 38 | UBS Group AG#38 · 99,160 sh | 99,160 | $1.5M | <0.01% | -10.1% |
| 39 | Swiss National Bank#39 · 88,772 sh | 88,772 | $1.3M | <0.01% | -3.6% |
| 40 | PRICE T ROWE ASSOCIATES#40 · 85,774 sh | 85,774 | $1.3M | <0.01% | +10.2% |
| 41 | HRT FINANCIAL#41 · 75,717 sh | 75,717 | $1.1M | <0.01% | -30.2% |
| 42 | FMR#42 · 75,442 sh | 75,442 | $1.1M | 0.00% | +9.2% |
| 43 | CITADEL ADVISORS#43 · 75,276 sh | 75,276 | $1.1M | <0.01% | -29.2% |
| 44 | AQR CAPITAL MANAGEMENT#44 · 73,134 sh | 73,134 | $1.1M | <0.01% | New |
| 45 | BANK OF AMERICA#45 · 69,616 sh | 69,616 | $1.0M | <0.01% | -4.5% |
| 46 | AMERIPRISE FINANCIAL#46 · 69,275 sh | 69,275 | $1.0M | <0.01% | -3.5% |
| 47 | JPMORGAN CHASE#47 · 63,911 sh | 63,911 | $998.3K | <0.01% | +25.6% |
| 48 | NEW YORK STATE TEACHERS RETIREMENT SYSTEM#48 · 65,936 sh | 65,936 | $994.0K | — | 0.0% |
| 49 | ALLIANCEBERNSTEIN L.P.#49 · 61,086 sh | 61,086 | $941.9K | <0.01% | +41.8% |
| 50 | Trexquant Investment#50 · 62,085 sh | 62,085 | $936.2K | <0.01% | New |
| 51 | Jump Financial#51 · 57,800 sh | 57,800 | $871.6K | <0.01% | New |
| 52 | NATURAL INVESTMENTS#52 · 57,195 sh | 57,195 | $862.0K | 0.19% | 0.0% |
| 53 | Creative Planning#53 · 56,811 sh | 56,811 | $856.7K | <0.01% | +3.3% |
| 54 | Campbell & Investment Adviser#54 · 55,346 sh | 55,346 | $834.6K | 0.04% | -39.2% |
| 55 | DEUTSCHE BANK AG\#55 · 53,588 sh | 53,588 | $808.1K | <0.01% | +13.2% |
| 56 | VICTORY CAPITAL MANAGEMENT#56 · 52,869 sh | 52,869 | $797.3K | <0.01% | New |
| 57 | FIRST ADVISORS#57 · 50,048 sh | 50,048 | $754.7K | <0.01% | +4.3% |
| 58 | Pathstone#58 · 49,056 sh | 49,056 | $739.8K | <0.01% | +8.8% |
| 59 | PRUDENTIAL FINANCIAL#59 · 48,699 sh | 48,699 | $734.4K | <0.01% | +1.1% |
| 60 | RENAISSANCE TECHNOLOGIES#60 · 48,000 sh | 48,000 | $723.8K | <0.01% | -24.8% |
| 61 | Susquehanna Portfolio Strategies#61 · 45,115 sh | 45,115 | $680.3K | 0.01% | +92.0% |
| 62 | WELLS FARGO & COMPANY#62 · 43,192 sh | 43,192 | $651.3K | <0.01% | +114.1% |
| 63 | Visionary Wealth Advisors#63 · 42,555 sh | 42,555 | $641.7K | 0.03% | +0.4% |
| 64 | ACORN FINANCIAL ADVISORY SERVICES#64 · 41,686 sh | 41,686 | $628.6K | 0.08% | 0.0% |
| 65 | GREAT WEST LIFE ASSURANCE#65 · 38,693 sh | 38,693 | $583.0K | <0.01% | 0.0% |
| 66 | LPL Financial#66 · 34,479 sh | 34,479 | $519.9K | <0.01% | +2.6% |
| 67 | FULLER & THALER ASSET MANAGEMENT#67 · 34,460 sh | 34,460 | $519.7K | <0.01% | -0.7% |
| 68 | TWO SIGMA INVESTMENTS#68 · 33,922 sh | 33,922 | $511.5K | <0.01% | -89.1% |
| 69 | VANGUARD ASSET MANAGEMENT, Ltd#69 · 33,388 sh | 33,388 | $503.5K | <0.01% | 0.0% |
| 70 | Quantbot Technologies#70 · 33,243 sh | 33,243 | $501.3K | 0.02% | New |
| 71 | BEACON INVESTMENT ADVISORS#71 · 31,806 sh | 31,806 | $479.6K | 0.15% | -1.6% |
| 72 | Janney Montgomery Scott#72 · 30,763 sh | 30,763 | $464.0K | <0.01% | 0.0% |
| 73 | THRIVENT FINANCIAL FOR LUTHERANS#73 · 30,152 sh | 30,152 | $455.0K | <0.01% | -0.9% |
| 74 | Trek Financial#74 · 29,896 sh | 29,896 | $450.8K | 0.02% | 0.0% |
| 75 | MetLife Investment Management#75 · 29,316 sh | 29,316 | $442.1K | <0.01% | +19.2% |
| 76 | Cornerstone Advisory#76 · 28,146 sh | 28,146 | $424.4K | 0.04% | -12.4% |
| 77 | Russell Investments Group, Ltd.#77 · 27,874 sh | 27,874 | $420.3K | <0.01% | +608.0% |
| 78 | SUSQUEHANNA INTERNATIONAL GROUP, LLP#78 · 26,737 sh | 26,737 | $403.2K | 0.00% | +31.2% |
| 79 | Squarepoint Ops#79 · 24,258 sh | 24,258 | $365.8K | <0.01% | -76.6% |
| 80 | Graves-Light Private Wealth Management#80 · 24,140 sh | 24,140 | $364.0K | — | +11.4% |
| 81 | Illinois Municipal Retirement Fund#81 · 23,907 sh | 23,907 | $360.5K | <0.01% | +9.1% |
| 82 | Numerai GP#82 · 23,650 sh | 23,650 | $356.6K | 0.03% | +34.1% |
| 83 | Capital Investment Advisory Services#83 · 23,500 sh | 23,500 | $354.4K | 0.02% | -26.6% |
| 84 | Zurcher Kantonalbank (Zurich Cantonalbank)#84 · 23,415 sh | 23,415 | $353.1K | <0.01% | +84.5% |
| 85 | MIRAE ASSET GLOBAL ETFS Ltd.#85 · 23,209 sh | 23,209 | $350.0K | <0.01% | -2.6% |
| 86 | Schonfeld Strategic Advisors#86 · 22,617 sh | 22,617 | $341.1K | <0.01% | New |
| 87 | CDC Financial#87 · 22,300 sh | 22,300 | $336.3K | 0.14% | +67.7% |
| 88 | BALYASNY ASSET MANAGEMENT L.P.#88 · 21,558 sh | 21,558 | $325.1K | <0.01% | +19.7% |
| 89 | Jupiter Topco#89 · 20,897 sh | 20,897 | $315.1K | <0.01% | — |
| 90 | Connor, Clark & Lunn Investment Management Ltd.#90 · 20,215 sh | 20,215 | $304.8K | <0.01% | +81.6% |
| 91 | Louisiana State Employees Retirement System#91 · 20,100 sh | 20,100 | $303.1K | — | -0.5% |
| 92 | Kestra Advisory Services#92 · 19,933 sh | 19,933 | $300.6K | <0.01% | +0.1% |
| 93 | MIRABELLA FINANCIAL SERVICES LLP#93 · 19,485 sh | 19,485 | $293.8K | 0.03% | New |
| 94 | GSA CAPITAL PARTNERS LLP#94 · 16,971 sh | 16,971 | $256.0K | 0.02% | New |
| 95 | State of Alaska, Department of Revenue#95 · 16,799 sh | 16,799 | $253.0K | — | -31.4% |
| 96 | Vanguard Global Advisers#96 · 16,703 sh | 16,703 | $251.9K | <0.01% | 0.0% |
| 97 | NEW YORK STATE COMMON RETIREMENT FUND#97 · 16,310 sh | 16,310 | $246.0K | <0.01% | +25.4% |
| 98 | Jain Global#98 · 14,900 sh | 14,900 | $224.7K | <0.01% | New |
| 99 | BNP PARIBAS FINANCIAL MARKETS#99 · 14,728 sh | 14,728 | $222.1K | <0.01% | +24.5% |
| 100 | Police & Firemen's Retirement System of New Jersey#100 · 14,045 sh | 14,045 | $211.8K | <0.01% | 0.0% |
Funds that sold out of SHEN in Q2 2026 (12)
Held SHEN at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| Salvus Wealth Management18,709 sh | 18,709 | $288.5K |
| INTECH INVESTMENT MANAGEMENT11,094 sh | 11,094 | $171.1K |
| ACADIAN ASSET MANAGEMENT3,838 sh | 3,838 | $59.0K |
| QUADRANT CAPITAL GROUP552 sh | 552 | $53.2K |
| Destiny Wealth Partners1,225 sh | 1,225 | $18.9K |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT233 sh | 233 | $3.6K |
| Quarry59 sh | 59 | $910.00 |
| Root Financial Partners47 sh | 47 | $725.00 |
| Advisory Services Network38 sh | 38 | $586.00 |
| GROUP ONE TRADING, L.P.22 sh | 22 | $339.00 |
| MAI Capital Management21 sh | 21 | $324.00 |
| Rachor Investment Advisory Services5 sh | 5 | $78.00 |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.