$SHEN

$10.03 +$0.00 (0.0%) After hours

$SHEN Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 55.4M shares outstanding

Who owns SHEN?

By type of holder

Institutions 71.5% Insiders 28.5% Everyone else 0.0%

Concentration Top 10 holders own 109.4%

BlackRock, Inc. 12.8% · Energy Capital Partners IV-D, LP 12.2%

Institutional ownership

71.5%

-1.2 pts vs last qtr

Institutional holders

182

+13 vs last qtr

Net shares bought

−640.5K

by institutions in Q2 2026

New / sold out

30 / 17

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Royce & Associates LP +606.6K
American Century Companies Inc +254.5K

Biggest sellers in Q2 2026

Whitebark Investors LP −559.3K
Millennium Management LLC −461.8K

Who is planning to sell?

No insider has filed a notice of proposed sale (Form 144) for Shenandoah Telecommunications Co in the last 12 months.

Is your stake being diluted?

Diluted share count, FY2016–FY2025

+12.9%

+1.36% a year

Each share's claim on the business

−11.4%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

$12.3M vs $62M

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years58% 3–5 years12% 1–3 years25% Under 1 year5%

Quarterly turnover

6.7%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting SHEN on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
B BlackRock, Inc.	7.1M	12.80%	+111.6K (+1.6%)	≤2021	0.0%
Shares held by quarter Peak holding7.2M (Q4'24) Change over 8 quarters−4.4K Share of the company12.800% BlackRock, Inc.'s full portfolio →
GG GCM Grosvenor Holdings, LLC 13D · 7.4%	4.1M	7.43%	Unchanged	2024	2.7%
Shares held by quarter Peak holding4.1M (Q1'26) Change over 8 quarters+15.7K Share of the company7.430% Disclosed stake13D · 7.4% GCM Grosvenor Holdings, LLC's full portfolio →

BlackRock, Inc.

7.1M

% of company

12.80%

Change vs last qtr

+111.6K (+1.6%)

Held since

≤2021

GCM Grosvenor Holdings, LLC

13D · 7.4%

4.1M

% of company

7.43%

Change vs last qtr

Unchanged

Held since

2024

28 more super investors behind a free account

See every manager holding Shenandoah Telecommunications Co, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting SHEN on Form N-PORT; together they hold 37.7% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
IC iShares Core S&P Small-Cap ETF iShares Trust	$41.7M	2.8M	5.00%	0.04%	June 30, 2026
LP Longleaf Partners Small Cap Fund Longleaf Partners Funds Trust	$39.4M	2.6M	4.72%	6.12%	June 30, 2026

iShares Core S&P Small-Cap ETF

iShares Trust

Position value

$41.7M

% of company

5.00%

% of the fund

0.04%

As of

June 30, 2026

Longleaf Partners Small Cap Fund

Longleaf Partners Funds Trust

Position value

$39.4M

% of company

4.72%

% of the fund

6.12%

As of

June 30, 2026

23 more funds behind a free account

See every fund holding Shenandoah Telecommunications Co and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
EC Energy Capital Partners IV-D, LP 5%+ holder 13D · 11.6%	6.8M	12.24%	—	—	—	—
This holder reports through Schedule 13D/G, not a quarterly 13F. Share of the company12.240% Disclosed stake13D · 11.6% View the 13D/G filing →
EC Energy Capital Partners IV-C, LP 5%+ holder 13D · 11.6%	6.8M	12.24%	—	—	—	—
This holder reports through Schedule 13D/G, not a quarterly 13F. Share of the company12.240% Disclosed stake13D · 11.6% View the 13D/G filing →

Energy Capital Partners IV-D, LP

5%+ holder13D · 11.6%

6.8M

% of company

12.24%

Change vs last qtr

—

Held since

—

Energy Capital Partners IV-C, LP

5%+ holder13D · 11.6%

6.8M

% of company

12.24%

Change vs last qtr

—

Held since

—

37 more holders behind a free account

See every insider and 5%+ holder of Shenandoah Telecommunications Co.

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