DaveManuel.com · Institutional Ownership · Who Owns It
SHENANDOAH TELECOMMUNICATION (SHEN)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
185
Reporting holders
$599.6M
Reported value
71.6%
Of shares outstanding
0.3%
Calls
0.0%
Puts
+16
Holder change
Institutions report 39,651,903 shares against 55,364,680 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end.
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| BlackRock, Inc. | $106.9M | 7,089,344 | 0.00% | 8q | +1.6%+$1.7M |
| GCM Grosvenor Holdings, LLC | $62.1M | 4,116,050 | 2.68% | 9q | HELD |
| ECP ControlCo, LLC | $52.1M | 3,457,105 | 1.12% | 18q | HELD |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ | $39.5M | 2,616,797 | 2.06% | 6q | -11.0%-$4.9M |
| DIMENSIONAL FUND ADVISORS LP | $39.4M | 2,613,975 | 0.01% | 31q | +5.8%+$2.2M |
| STATE STREET CORP | $32.4M | 2,149,556 | 0.00% | 31q | +9.7%+$2.9M |
| VANGUARD CAPITAL MANAGEMENT LLC | $31.0M | 2,058,869 | 0.00% | 2q | -5.5%-$1.8M |
| AMERICAN CENTURY COMPANIES INC | $21.6M | 1,435,478 | 0.01% | 31q | +21.6%+$3.8M |
| GEODE CAPITAL MANAGEMENT, LLC | $19.6M | 1,298,399 | 0.00% | 31q | +3.5%+$670.4K |
| COOPER INVESTORS PTY LTD | $14.0M | 930,143 | 6.44% | 4q | -0.8%-$108.4K |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $13.8M | 912,882 | 0.00% | 2q | +3.5%+$467.8K |
| MILLENNIUM MANAGEMENT LLC | $11.0M | 731,426 | 0.00% | 8q | -38.7%-$7.0M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $10.8M | 718,217 | 0.00% | 31q | -8.8%-$1.0M |
| Broad Run Investment Management, LLC | $9.9M | 658,567 | 1.53% | 17q | -25.0%-$3.3M |
| Cerity Partners LLC | $9.8M | 647,035 | 0.01% | 15q | +0.5%+$48.8K |
| ROYCE & ASSOCIATES LP | $9.7M | 643,093 | 0.08% | 5q | +1661.0%+$9.1M |
| NORTHERN TRUST CORP | $7.7M | 513,525 | 0.00% | 31q | +5.6%+$408.2K |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $5.9M | 393,553 | 0.10% | 5q | +4.2%+$239.6K |
| MORGAN STANLEY | $5.0M | 333,994 | 0.00% | 35q | -15.1%-$899.2K |
| VANGUARD FIDUCIARY TRUST CO | $4.6M | 303,280 | 0.00% | 2q | HELD |
| GAMCO INVESTORS, INC. ET AL | $4.1M | 270,000 | 0.04% | 31q | HELD |
| Bank of New York Mellon Corp | $4.0M | 267,990 | 0.00% | 31q | +1.5%+$60.9K |
| Empowered Funds, LLC | $4.0M | 263,553 | 0.02% | 5q | +6.4%+$239.6K |
| GOLDMAN SACHS GROUP INC | $3.9M | 256,018 | 0.00% | 31q | HELD |
| PRINCIPAL FINANCIAL GROUP INC | $3.3M | 222,010 | 0.00% | 31q | HELD |
| Invesco Ltd. | $3.1M | 204,115 | 0.00% | 31q | -64.9%-$5.7M |
| CITIGROUP INC | $2.7M | 179,254 | 0.00% | 31q | +759.9%+$2.4M |
| Nuveen, LLC | $2.6M | 175,255 | 0.00% | 6q | +65.9%+$1.1M |
| GABELLI FUNDS LLC | $2.6M | 173,330 | 0.02% | 31q | -13.1%-$395.1K |
| FRANKLIN RESOURCES INC | $2.6M | 172,876 | 0.00% | 2q | +61.9%+$996.4K |
| Whitebark Investors LP | $2.5M | 167,153 | 1.95% | 3q | -77.0%-$8.4M |
| Public Sector Pension Investment Board | $2.4M | 157,729 | 0.01% | 27q | -3.2%-$79.5K |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $2.2M | 145,208 | 0.00% | 31q | +12.2%+$238.2K |
| RHUMBLINE ADVISERS | $1.8M | 120,725 | 0.00% | 31q | -14.6%-$311.2K |
| RWA WEALTH PARTNERS, LLC | $1.8M | 119,474 | 0.02% | 11q | HELD |
| GROUP ONE TRADING LLC | $1.6M CALL | options only | 0.00% | new | OPTIONS |
| Legal & General Group Plc | $1.5M | 102,015 | 0.00% | 31q | -3.1%-$48.7K |
| Quantinno Capital Management LP | $1.5M | 101,866 | 0.00% | 5q | +4.5%+$66.8K |
| UBS Group AG | $1.5M | 99,160 | 0.00% | 31q | -10.1%-$167.6K |
| Swiss National Bank | $1.3M | 88,772 | 0.00% | 31q | -3.6%-$49.8K |
| PRICE T ROWE ASSOCIATES INC /MD/ | $1.3M | 85,774 | 0.00% | 31q | +10.2%+$119.7K |
| HRT FINANCIAL LP | $1.1M | 75,717 | 0.00% | 4q | -30.2%-$494.6K |
| FMR LLC | $1.1M | 75,442 | 0.00% | 31q | +9.2%+$96.2K |
| CITADEL ADVISORS LLC | $1.1M | 75,276 | 0.00% | 9q | -29.2%-$467.6K |
| AQR CAPITAL MANAGEMENT LLC | $1.1M | 73,134 | 0.00% | new | NEW |
| BANK OF AMERICA CORP /DE/ | $1.0M | 69,616 | 0.00% | 31q | -4.5%-$49.1K |
| AMERIPRISE FINANCIAL INC | $1.0M | 69,275 | 0.00% | 31q | -3.5%-$37.4K |
| JPMORGAN CHASE & CO | $998.3K | 63,911 | 0.00% | 31q | +25.6%+$203.5K |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM | $994.0K | 65,936 | 0.00% | 27q | HELD |
| ALLIANCEBERNSTEIN L.P. | $941.9K | 61,086 | 0.00% | 31q | +41.8%+$277.6K |
| Trexquant Investment LP | $936.2K | 62,085 | 0.01% | new | NEW |
| Jump Financial, LLC | $871.6K | 57,800 | 0.01% | new | NEW |
| NATURAL INVESTMENTS, LLC | $862.0K | 57,195 | 0.19% | 7q | HELD |
| Creative Planning | $856.7K | 56,811 | 0.00% | 31q | +3.3%+$27.4K |
| Campbell & CO Investment Adviser LLC | $834.6K | 55,346 | 0.04% | 2q | -39.2%-$538.3K |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $826.1K | 54,783 | 0.00% | 31q | +28.2%+$181.7K |
| DEUTSCHE BANK AG\ | $808.1K | 53,588 | 0.00% | 34q | +13.2%+$94.5K |
| VICTORY CAPITAL MANAGEMENT INC | $797.3K | 52,869 | 0.00% | new | NEW |
| FIRST TRUST ADVISORS LP | $754.7K | 50,048 | 0.00% | 9q | +4.3%+$31.3K |
| Pathstone Holdings, LLC | $739.8K | 49,056 | 0.00% | 11q | +8.8%+$59.6K |
| PRUDENTIAL FINANCIAL INC | $734.4K | 48,699 | 0.00% | 31q | +1.1%+$7.8K |
| RENAISSANCE TECHNOLOGIES LLC | $723.8K | 48,000 | 0.00% | 31q | -24.8%-$238.3K |
| Susquehanna Portfolio Strategies, LLC | $680.3K | 45,115 | 0.01% | 2q | +92.0%+$326.0K |
| WELLS FARGO & COMPANY/MN | $651.3K | 43,192 | 0.00% | 31q | +114.1%+$347.2K |
| Visionary Wealth Advisors | $641.7K | 42,555 | 0.03% | 27q | HELD |
| ACORN FINANCIAL ADVISORY SERVICES INC /ADV | $628.6K | 41,686 | 0.08% | 27q | HELD |
| CANADA LIFE ASSURANCE Co | $583.0K | 38,693 | 0.00% | 27q | HELD |
| LPL Financial LLC | $519.9K | 34,479 | 0.00% | 31q | +2.6%+$13.3K |
| FULLER & THALER ASSET MANAGEMENT, INC. | $519.7K | 34,460 | 0.00% | 7q | -0.7%-$3.8K |
| TWO SIGMA INVESTMENTS, LP | $511.5K | 33,922 | 0.00% | 7q | -89.1%-$4.2M |
| VANGUARD ASSET MANAGEMENT, Ltd | $503.5K | 33,388 | 0.00% | 2q | HELD |
| Quantbot Technologies LP | $501.3K | 33,243 | 0.02% | new | NEW |
| BEACON INVESTMENT ADVISORS LLC | $479.6K | 31,806 | 0.15% | 15q | -1.6%-$7.9K |
| Janney Montgomery Scott LLC | $464.0K | 30,763 | 0.00% | 17q | HELD |
| Thrivent Financial for Lutherans | $455.0K | 30,152 | 0.00% | 27q | -0.9%-$4.0K |
| Trek Financial, LLC | $450.8K | 29,896 | 0.02% | 20q | HELD |
| MetLife Investment Management, LLC | $442.1K | 29,316 | 0.00% | 32q | +19.2%+$71.4K |
| Cornerstone Advisory, LLC | $424.4K | 28,146 | 0.04% | 9q | -12.4%-$59.9K |
| Russell Investments Group, Ltd. | $420.3K | 27,874 | 0.00% | 8q | +608.0%+$361.0K |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $403.2K | 26,737 | 0.00% | 14q | +31.2%+$95.9K |
| Squarepoint Ops LLC | $365.8K | 24,258 | 0.00% | 5q | -76.6%-$1.2M |
| Graves Light Lenhart Wealth, Inc. | $364.0K | 24,140 | 0.03% | 31q | +11.4%+$37.3K |
| Illinois Municipal Retirement Fund | $360.5K | 23,907 | 0.00% | 12q | +9.1%+$29.9K |
| Numerai GP LLC | $356.6K | 23,650 | 0.03% | 7q | +34.1%+$90.6K |
| Capital Investment Advisory Services, LLC | $354.4K | 23,500 | 0.02% | 7q | -26.6%-$128.2K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $353.1K | 23,415 | 0.00% | 31q | +84.5%+$161.8K |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $350.0K | 23,209 | 0.00% | 9q | -2.6%-$9.3K |
| Schonfeld Strategic Advisors LLC | $341.1K | 22,617 | 0.00% | new | NEW |
| CDC Financial, Inc. | $336.3K | 22,300 | 0.14% | 2q | +67.7%+$135.7K |
| Balyasny Asset Management L.P. | $325.1K | 21,558 | 0.00% | 2q | +19.7%+$53.5K |
| Jupiter Topco LLC | $315.1K | 20,897 | 0.00% | new | FIRST |
| Connor, Clark & Lunn Investment Management Ltd. | $304.8K | 20,215 | 0.00% | 2q | +81.6%+$137.0K |
| Louisiana State Employees Retirement System | $303.1K | 20,100 | 0.00% | 27q | HELD |
| Kestra Advisory Services, LLC | $300.6K | 19,933 | 0.00% | 14q | HELD |
| MIRABELLA FINANCIAL SERVICES LLP | $293.8K | 19,485 | 0.03% | new | NEW |
| GSA CAPITAL PARTNERS LLP | $256.0K | 16,971 | 0.02% | new | NEW |
| State of Alaska, Department of Revenue | $253.0K | 16,799 | 0.00% | 27q | -31.4%-$116.0K |
| Vanguard Global Advisers, LLC | $251.9K | 16,703 | 0.00% | 2q | HELD |
| NEW YORK STATE COMMON RETIREMENT FUND | $246.0K | 16,310 | 0.00% | 31q | +25.4%+$49.8K |
| Jain Global LLC | $224.7K | 14,900 | 0.00% | new | NEW |
Five percent filings
Anyone crossing 5% of a company must say so within days - far sooner than the next quarterly holdings report. A 13D declares an intent to influence the company; a 13G is the passive version. See all activist filings →
| Filed | Form | Filer | % of class |
|---|---|---|---|
| 2026-10-08 | 13G | Dimensional Fund Advisors LP | 5.2% |
| 2026-10-05 | 13G/A | BlackRock, Inc. | 6.9% |
What the company announced
Form 8-K filings from the last 120 days, showing only the items worth a reader's attention. Earnings releases, exhibit attachments and general disclosures are filed constantly and are left out. Filed is when the SEC received it; event is the date the company says the thing happened.
| Filed | Event date | What | Source |
|---|---|---|---|
| 2026-10-22 | 2026-10-20 | Directors or officers departed or appointed | filing |
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 27 | $7.3M | 648,313 | 5 | 9 | 10 | 0.0% |
| Q2 2026 | 185 | $599.6M | 39,651,903 | 29 | 59 | 48 | 0.3% |
| Q1 2026 | 169 | $620.2M | 40,220,524 | 26 | 48 | 50 | 0.0% |
| Q4 2025 | 160 | $465.2M | 40,223,205 | 15 | 44 | 66 | 0.1% |
| Q3 2025 | 160 | $529.5M | 39,463,134 | 19 | 47 | 57 | 0.0% |
| Q2 2025 | 164 | $527.4M | 38,587,295 | 23 | 48 | 52 | 0.0% |
| Q1 2025 | 165 | $464.1M | 36,906,984 | 17 | 51 | 54 | 0.1% |
| Q4 2024 | 158 | $467.0M | 36,527,587 | 19 | 56 | 44 | 0.0% |
| Q3 2024 | 154 | $506.4M | 35,882,080 | 22 | 41 | 61 | 0.0% |
| Q2 2024 | 143 | $583.9M | 35,743,089 | 20 | 47 | 52 | 0.0% |
| Q1 2024 | 144 | $561.5M | 32,323,743 | 15 | 37 | 59 | 0.0% |
| Q4 2023 | 143 | $689.1M | 31,881,491 | 17 | 34 | 58 | 0.0% |
| Q3 2023 | 130 | $635.9M | 30,873,583 | 11 | 38 | 55 | 0.0% |
| Q2 2023 | 126 | $619.4M | 31,875,240 | 11 | 43 | 41 | 0.0% |
| Q1 2023 | 127 | $606.8M | 31,920,703 | 11 | 38 | 49 | 0.0% |
| Q4 2022 | 134 | $504.7M | 31,761,166 | 15 | 46 | 47 | 0.0% |
| Q3 2022 | 125 | $551.1M | 32,324,157 | 6 | 46 | 42 | 0.2% |
| Q2 2022 | 144 | $794.1M | 35,715,896 | 19 | 40 | 43 | 0.1% |
| Q1 2022 | 146 | $802.8M | 33,926,182 | 17 | 54 | 42 | 0.4% |
| Q4 2021 | 155 | $1.0B | 39,146,442 | 22 | 43 | 46 | 0.7% |
| Q3 2021 | 138 | $1.3B | 40,558,759 | 19 | 42 | 46 | 0.9% |
| Q2 2021 | 148 | $2.0B | 41,358,700 | 16 | 43 | 51 | 0.6% |
| Q1 2021 | 142 | $2.0B | 40,066,284 | 24 | 37 | 52 | 0.7% |
| Q4 2020 | 150 | $1.8B | 41,851,856 | 12 | 41 | 51 | 0.2% |
| Q3 2020 | 165 | $2.0B | 44,650,747 | 24 | 58 | 43 | 0.1% |
| Q2 2020 | 156 | $2.3B | 46,235,267 | 27 | 43 | 45 | 0.1% |
| Q1 2020 | 150 | $3.1B | 63,261,024 | 17 | 50 | 54 | 0.1% |
| Q4 2019 | 149 | $2.1B | 49,852,912 | 44 | 43 | 40 | 0.1% |
| Q3 2019 | 141 | $1.4B | 45,309,454 | 19 | 40 | 44 | 0.1% |
| Q2 2019 | 153 | $4.3B | 112,377,862 | 19 | 57 | 35 | 0.2% |
| Q1 2019 | 164 | $4.9B | 110,536,531 | 25 | 59 | 48 | 0.2% |
| Q4 2018 | 154 | $2.1B | 47,419,286 | 5 | 2 | 2 | 0.4% |