Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Shenandoah Telecommunication (SHEN)

166 + 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
↑ +10
Streak
1Q ▲
Buyers last Q
54%

Smart Money Signals — SHEN

Based on 167 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added SHEN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
167 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 (+4 funds, +2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟡

Slight buying edge — 54% buying

81 buying70 selling
Last quarter: 81 funds bought or added vs 70 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+13 vs last Q)

new funds entering per quarter
Funds opening a new SHEN position: 22 → 19 → 16 → 29. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

63% of holders stayed for 2+ years

■ 63% conviction (2yr+) ■ 21% medium ■ 16% new
105 out of 167 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.
💰

Value +33% but shares only +0% — price-driven

Value
+32%
Shares
+0%
Last quarter: the total dollar value of institutional holdings rose +33%, but actual share count only changed +0%. The gap is explained by the stock's price rising — not new buying. Strong value growth with weak share growth means the rally is price momentum, not fresh institutional demand.
➡️

Steady discovery — ~29 new funds/quarter

23 → 22 → 19 → 16 → 29 new funds/Q
New funds entering each quarter: 22 → 19 → 16 → 29. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 71% veterans vs 18% newcomers

■ 71% veterans ■ 10% 1-2yr ■ 18% new
Entry-cohort mix of 168 holders: 120 (71%) are 2+ year veterans, 17 entered 1–2 years ago, and 31 (18%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 31% AUM from major funds

31% from top-100 AUM funds
40 of 167 holders rank in the top 100 by AUM, accounting for 31% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.4
out of 10
Low Exit Risk
Exit risk score 3.4/10 — 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 2026 Q1, 81 hedge funds were net buyers of SHEN (29 opened a new position, 52 added to an existing one), while 70 reduced or exited (51 trimmed, 19 sold completely) — a 54% buyer ratio, indicating a slight buying edge. 31% of total institutional value in SHEN is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: +10 funds (more new holders than closures). Total institutional holders: 167.

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 · 78d ago
SHEN
+3.0%
XLC
+0.7%

SHEN outperformed XLC by +2.3% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 33d ago
SHEN
-0.1%
XLC
-3.8%

Since the filing became public, SHEN outperformed XLC by +3.7% .

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.

17 top-rated funds 3 high-conviction
Consensus
5.5
/ 10
breadth
×
Elite
3.0
/ 10
conviction
Hedge Fund Positioning: SHEN
166 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 166 157 5.73%
13F Shares 40M 40M 0.13%
Total Value $614M $463M 32.56%
New Positions 28 16 +12
Increased Positions 52 45 +7
Closed Positions 19 17 +2
Reduced Positions 50 71 -21
Total Calls 1 1 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: SHEN

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

166 + 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 SHEN holders by conviction (% of portfolio weight) — 2026 Q1 · 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 Beacon Investment Advisors LLC 0.19% 32,330 $499K
8 Salvus Wealth Management, LLC 0.17% 18,709 $288K
9 CDC Financial, Inc. 0.13% 13,300 $205K
10 Bridgeway Capital Management, LLC 0.12% 377,665 $5.8M
11 Acorn Financial Advisory Services Inc /Adv 0.09% 41,686 $643K
12 Campbell & CO Investment Adviser LLC 0.08% 91,042 $1.4M
13 Cornerstone Advisory, LLC 0.05% 32,121 $495K
14 Caitlin John, LLC 0.04% 4,550 $70K
15 Gamco Investors, INC. Et Al 0.04% 270,000 $4.2M
16 Capital Investment Advisory Services, LLC 0.04% 32,000 $493K
17 Graves Light Lenhart Wealth, Inc. 0.03% 21,665 $334K
18 Visionary Wealth Advisors 0.03% 42,365 $653K
19 AlphaQuest LLC 0.03% 42,498 $491K
20 Numerai GP LLC 0.03% 17,641 $272K
21 Trek Financial, LLC 0.02% 29,896 $461K
22 Empowered Funds, LLC 0.02% 247,665 $3.8M
23 Gabelli Funds LLC 0.02% 199,530 $3.1M
24 Inscription Capital, LLC 0.02% 12,788 $197K
25 Rwa Wealth Partners, LLC 0.02% 119,465 $1.8M
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?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added SHEN than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for SHEN?

Slight buying edge — 54% buying: Last quarter: 81 funds bought or added vs 70 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for SHEN holders?

Strong quality — 31% AUM from major funds: 40 of 167 holders rank in the top 100 by AUM, accounting for 31% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held SHEN?

63% of holders stayed for 2+ years: 105 out of 167 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 -0.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to -3.8% for the XLC sector ETF — an outperformance of +3.7%. Since the quarter end (March 31, 2026), SHEN has gained +3.0% vs +0.7% 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.

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