SHENANDOAH TELECOMMUNICATIONS CO/VA/ - COMMON-STOCK (SHEN) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / COMMON-STOCK
Symbol
SHEN on Nasdaq
Shares outstanding
54,951,731
Price per share
$11.56
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
39,418,394
Total reported value
$528,904,514
% of total 13F portfolios
0%
Share change
+884,665
Value change
+$11,744,497
Number of holders
159
Price from insider filings
$11.56
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of SHENANDOAH TELECOMMUNICATIONS CO/VA/ - COMMON-STOCK (SHEN) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
ECP ControlCo, LLC 12% +9.1% $97,623,830 +$8,153,365 6,774,728 +9.1% ECP ControlCo, LLC 08 Aug 2025
VANGUARD GROUP INC 8.2% $57,922,036 4,514,578 The Vanguard Group 31 Mar 2025
BARCLAYS PLC 5.2% $38,347,516 2,857,490 Barclays PLC 30 Sep 2025

As of 30 Sep 2025, 159 institutional investors reported holding 39,418,394 shares of SHENANDOAH TELECOMMUNICATIONS CO/VA/ - COMMON-STOCK (SHEN). This represents 72% of the company’s total 54,951,731 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of SHENANDOAH TELECOMMUNICATIONS CO/VA/ - COMMON-STOCK (SHEN) together control 64% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
BlackRock, Inc. 13% 6,924,218 -0.26% 0% $92,923,007
VANGUARD GROUP INC 8% 4,390,534 -2.6% 0% $58,920,966
GCM Grosvenor Holdings, LLC 7.5% 4,105,126 0% 8.4% $55,090,791
ECP ControlCo, LLC 6.1% 3,377,233 +24% 28% $45,322,467
DIMENSIONAL FUND ADVISORS LP 4.8% 2,639,113 +1.5% 0.01% $35,416,148
SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 4.5% 2,448,240 +7% 1.7% $32,855,381
STATE STREET CORP 3.4% 1,895,780 +3% 0% $25,441,368
GEODE CAPITAL MANAGEMENT, LLC 2.3% 1,251,622 +0.27% 0% $16,799,198
AMERICAN CENTURY COMPANIES INC 1.7% 931,930 +26% 0.01% $12,506,507
Broad Run Investment Management, LLC 1.6% 897,475 -2.5% 2% $12,044,115
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.3% 736,633 +14% 0% $9,885,615
DAVENPORT & Co LLC 1.2% 665,576 -30% 0.05% $8,848,459
Cerity Partners LLC 1.1% 629,899 -0.2% 0.01% $8,453,244
COOPER INVESTORS PTY LTD 0.96% 525,369 1.9% $7,050,452
NORTHERN TRUST CORP 0.95% 522,234 -0.53% 0% $7,008,379
GOLDMAN SACHS GROUP INC 0.88% 484,495 +67% 0% $6,501,925
MORGAN STANLEY 0.83% 454,580 +8.3% 0% $6,100,468
Invesco Ltd. 0.83% 453,502 +1.3% 0% $6,085,996
Bank of New York Mellon Corp 0.81% 446,272 -0.72% 0% $5,988,971
BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.6% 330,890 +187% 0.09% $4,440,544
GAMCO INVESTORS, INC. ET AL 0.48% 263,126 0% 0.03% $3,531,151
PRINCIPAL FINANCIAL GROUP INC 0.4% 220,369 -3.7% 0% $2,957,352
TWO SIGMA INVESTMENTS, LP 0.37% 206,048 +87% 0% $2,765,164
Empowered Funds, LLC 0.37% 205,890 +79% 0.03% $2,763,044
PUBLIC SECTOR PENSION INVESTMENT BOARD 0.32% 177,721 +13% 0.01% $2,385,016

Institutional Holders of SHENANDOAH TELECOMMUNICATIONS CO/VA/ - COMMON-STOCK (SHEN) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 97,531 $1,127,031 -$7,340,635 $11.56 7
2025 Q3 39,418,394 $528,904,514 +$11,744,497 $13.42 159
2025 Q2 38,515,026 $526,157,620 +$22,144,712 $13.66 162
2025 Q1 36,947,155 $464,325,888 +$4,905,776 $12.57 164
2024 Q4 36,527,540 $466,735,186 +$8,177,531 $12.61 155
2024 Q3 35,728,230 $504,156,309 +$2,650,206 $14.11 153
2024 Q2 35,558,070 $580,715,245 +$70,672,230 $16.33 143
2024 Q1 31,247,448 $542,789,904 +$139,755 $17.37 144
2023 Q4 31,184,202 $673,927,374 +$7,208,978 $21.62 143
2023 Q3 30,852,164 $635,880,856 -$21,125,374 $20.61 130
2023 Q2 31,875,077 $619,415,867 +$623,443 $19.43 123
2023 Q1 31,863,131 $605,407,882 +$3,273,177 $19.02 126
2022 Q4 31,753,065 $504,420,375 +$29,614,143 $15.88 133
2022 Q3 29,814,693 $507,367,577 -$8,462,846 $17.02 126
2022 Q2 30,102,767 $668,316,276 +$20,566,037 $22.20 141
2022 Q1 29,412,524 $693,293,532 +$40,211,851 $23.58 145
2021 Q4 27,661,242 $705,350,848 -$3,302,899 $25.50 150
2021 Q3 27,554,880 $869,936,161 -$13,625,565 $31.58 134
2021 Q2 27,558,311 $1,336,863,422 +$20,734,796 $48.51 143
2021 Q1 27,185,142 $1,326,937,094 +$1,233,606 $48.81 143
2020 Q4 27,205,112 $1,176,713,187 -$5,153,654 $43.25 149
2020 Q3 27,366,506 $1,216,027,808 -$32,849,411 $44.44 165
2020 Q2 27,986,286 $1,379,468,867 -$14,956 $49.29 155
2020 Q1 28,015,785 $1,379,870,779 -$50,134,035 $49.25 150
2019 Q4 29,067,908 $1,209,507,204 +$185,183,314 $41.61 149
2019 Q3 24,979,978 $792,727,336 -$11,645,673 $31.77 142
2019 Q2 25,267,640 $973,637,014 +$16,476,791 $38.52 152
2019 Q1 25,274,868 $1,121,192,085 +$22,187,179 $44.36 161
2018 Q4 24,769,777 $1,095,065,396 +$20,139,915 $44.25 154
2018 Q3 24,159,163 $936,160,610 +$2,658,127 $38.75 141
2018 Q2 24,106,304 $789,045,373 +$3,606,962 $32.70 110
2018 Q1 23,970,169 $862,922,860 -$9,261,071 $36.00 114
2017 Q4 24,251,478 $819,599,848 -$6,547,020 $33.80 113
2017 Q3 24,416,894 $908,829,747 +$4,827,254 $37.20 116
2017 Q2 24,642,314 $756,132,430 +$8,230,183 $30.70 100
2017 Q1 24,384,668 $684,293,684 +$111,339,346 $28.05 101
2016 Q4 23,970,065 $654,408,933 +$5,345,664 $27.30 109
2016 Q3 23,816,332 $647,345,651 +$37,193,961 $27.21 122
2016 Q2 21,058,935 $821,370,397 +$24,022,483 $39.06 137
2016 Q1 20,535,277 $549,282,563 +$279,653,954 $26.75 131
2015 Q4 9,930,748 $428,636,658 +$1,901,504 $43.05 118
2015 Q3 10,563,674 $451,757,456 +$8,631,329 $42.81 122
2015 Q2 10,418,292 $356,597,365 +$4,498,536 $34.23 113
2015 Q1 10,303,371 $321,116,689 +$9,649,548 $31.16 99
2014 Q4 9,403,373 $293,926,969 +$2,219,700 $31.25 97
2014 Q3 10,127,331 $251,268,503 +$1,266,634 $24.81 95
2014 Q2 10,052,386 $307,180,488 +$2,068,543 $30.46 97
2014 Q1 9,979,064 $322,185,985 +$22,290,950 $32.29 89