Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

SHENANDOAH TELECOMMUNICATION (SHEN)

148 + Investors. Track Smart Money conviction in SHEN. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -1
Streak
3Q ▼
Buyers last Q
41%

Smart Money Signals — SHEN

Based on 157 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their SHEN positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (96% of max)

96% of all-time peak
157 hedge funds hold SHEN right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding SHEN is almost the same as a year ago (+0 funds, +0% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 41% buying

61 buying88 selling
Last quarter: 88 funds reduced or exited vs 61 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
➡️

Steady new buyers — ~16 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 23 → 22 → 19 → 16. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

69% of holders stayed for 2+ years

■ 69% conviction (2yr+) ■ 18% medium ■ 13% new
109 out of 157 hedge funds have held SHEN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📊

Peak discovery — momentum slowing

21 → 23 → 22 → 19 → 16 new funds/Q
New funds entering each quarter: 23 → 22 → 19 → 16. SHEN is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Deep conviction — 73% of holders stayed 2+ years

■ 73% veterans ■ 10% 1-2yr ■ 16% new
Of 158 current holders: 116 (73%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
🏆

Elite ownership — 40% AUM from top-100 funds

40% from top-100 AUM funds
40 of 157 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in SHEN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.6
out of 10
Low Exit Risk
Exit risk score 3.6/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — SHEN

In 2025 Q4, 61 hedge funds were net buyers of SHEN (16 opened a new position, 45 added to an existing one), while 88 reduced or exited (71 trimmed, 17 sold completely) — a 41% buyer ratio, indicating roughly balanced activity. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 40% of total institutional value in SHEN is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -1 funds (more exits than new entries). Total institutional holders: 157.

Hedge Fund Ownership: SHEN

How many hedge funds hold SHEN — quarterly history vs. share price
Quarterly hedge fund ownership of SHEN vs. share price

Market Analysis: SHEN

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: SHEN

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy SHENANDOAH TELECOMMUNICATION (SHEN) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much SHEN has moved relative to its sector benchmark (XLC) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 49d ago
SHEN
+5.8%
XLC
+5.5%

SHEN outperformed XLC by +0.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 4d ago
SHEN
+1.5%
XLC
+0.7%

Since the filing became public, SHEN outperformed XLC by +0.8% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

33 top-rated funds 2 high-conviction
Consensus
6.6
/ 10
breadth
×
Elite
1.7
/ 10
conviction
Hedge Fund Positioning: SHEN
2026 Q1 Stats Unlock in 1 days 148 + Investors

Track Smart Money conviction in SHEN. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2025 Q4) Prior (2025 Q3) Change
Funds Holding 148 148 -
13F Shares 39M 39M 1.01%
Total Value $452M $519M -12.99%
New Positions 15 17 -2
Increased Positions 41 49 -8
Closed Positions 16 21 -5
Reduced Positions 68 53 +15
Total Calls 1 0 100%
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: SHEN

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Valuation Measures Data as of: --

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Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

148 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in SHEN. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of SHEN — 2025 Q4 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Whitebark Investors LP 8.96% 726,445 $11.2M
2 GCM Grosvenor Holdings, LLC 7.04% 4,116,050 $63.5M
3 COOPER INVESTORS PTY LTD 5.89% 937,332 $14.5M
4 Broad Run Investment Management, LLC 2.38% 878,264 $13.5M
5 SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 2.23% 2,940,296 $45.3M
6 ECP ControlCo, LLC 0.84% 3,457,105 $53.3M
7 NATURAL INVESTMENTS, LLC 0.22% 57,195 —
8 BEACON INVESTMENT ADVISORS LLC 0.19% 32,330 $499K
9 Salvus Wealth Management, LLC 0.17% 18,709 $288K
10 CDC Financial, Inc. 0.13% 13,300 $205K
11 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.12% 377,665 $5.8M
12 ACORN FINANCIAL ADVISORY SERVICES INC /ADV 0.09% 41,686 $643K
13 Campbell & CO Investment Adviser LLC 0.08% 91,042 $1.4M
14 Cornerstone Advisory, LLC 0.05% 32,121 $495K
15 Caitlin John, LLC 0.04% 4,550 $70K
16 GAMCO INVESTORS, INC. ET AL 0.04% 270,000 $4.2M
17 Capital Investment Advisory Services, LLC 0.04% 32,000 $493K
18 Graves Light Lenhart Wealth, Inc. 0.03% 21,665 $334K
19 Visionary Wealth Advisors 0.03% 42,365 $653K
20 AlphaQuest LLC 0.03% 42,498 $491K
21 Numerai GP LLC 0.03% 17,641 $272K
22 Trek Financial, LLC 0.02% 29,896 $461K
23 Empowered Funds, LLC 0.02% 247,665 $3.8M
24 GABELLI FUNDS LLC 0.02% 199,530 $3.1M
25 Inscription Capital, LLC 0.02% 12,788 $197K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — SHENANDOAH TELECOMMUNICATION (SHEN)

What does the Smart Money Trend signal show for SHEN?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their SHEN positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for SHEN?

More sellers than buyers — 41% buying: Last quarter: 88 funds reduced or exited vs 61 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for SHEN holders?

Elite ownership — 40% AUM from top-100 funds: 40 of 157 holders are among the 100 largest funds by AUM, controlling 40% of total institutional value in SHEN. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held SHEN?

69% of holders stayed for 2+ years: 109 out of 157 hedge funds have held SHEN for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy SHENANDOAH TELECOMMUNICATION (SHEN) following the 2026 Q1 hedge fund 13F filings?

As of today, SHEN has moved +1.5% since the 2026 Q1 13F filing date (May 15, 2026), compared to +0.7% for the XLC sector ETF — an outperformance of +0.8%. Since the quarter end (March 31, 2026), SHEN has gained +5.8% vs +5.5% for XLC. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.