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
+$11,744,504
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% $92,542,784 +$7,729,006 6,774,728 +9.1% ECP ControlCo, LLC 08 Aug 2025
VANGUARD GROUP INC 8.2% $57,560,870 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 1,123,453 $12,982,049 -$2,369,421 $11.56 14
2025 Q3 39,418,394 $528,904,514 +$11,744,504 $13.42 159
2025 Q2 38,515,026 $526,157,620 +$22,144,711 $13.66 162
2025 Q1 36,947,155 $464,326,352 +$4,905,782 $12.57 164
2024 Q4 36,527,540 $466,735,130 +$9,275,446 $12.61 155
2024 Q3 35,650,419 $503,058,825 +$1,011,204 $14.11 152
2024 Q2 35,561,786 $580,775,957 +$75,371,212 $16.33 142
2024 Q1 30,963,462 $537,857,037 -$5,399,279 $17.37 143
2023 Q4 19,550 $422,671 -$5,643 $21.62 1
2023 Q3 29,974,302 $617,787,854 -$20,091,603 $20.61 127
2023 Q2 31,480,749 $611,754,385 -$6,871,122 $19.43 122
2023 Q1 31,863,131 $605,407,857 +$3,301,751 $19.02 126
2022 Q4 31,733,898 $504,116,141 +$29,622,436 $15.88 132
2022 Q3 29,310,603 $498,788,355 -$7,540,989 $17.02 124
2022 Q2 30,044,354 $666,777,518 +$20,486,783 $22.20 139
2022 Q1 29,405,774 $693,134,532 +$36,432,773 $23.58 144
2021 Q4 27,612,170 $704,099,848 -$3,310,374 $25.50 147
2021 Q3 27,514,579 $868,663,161 -$8,770,904 $31.58 134
2021 Q2 27,558,337 $1,336,864,422 +$20,735,816 $48.51 144
2021 Q1 27,185,142 $1,326,937,094 +$1,196,478 $48.81 143
2020 Q4 27,191,904 $1,176,142,187 -$5,090,517 $43.25 146
2020 Q3 27,310,596 $1,213,544,808 -$32,100,065 $44.44 163
2020 Q2 27,926,326 $1,376,512,867 -$157,846 $49.29 153
2020 Q1 28,005,099 $1,379,345,779 -$50,431,006 $49.25 147
2019 Q4 29,063,524 $1,209,325,019 +$184,999,183 $41.61 147
2019 Q3 24,698,765 $783,791,731 -$3,188,684 $31.77 138
2019 Q2 25,262,362 $973,433,913 +$48,115,167 $38.52 150
2019 Q1 25,267,797 $1,120,879,488 +$22,231,483 $44.36 159
2018 Q4 24,699,191 $1,091,942,300 +$22,370,389 $44.25 151
2018 Q3 24,151,293 $935,857,610 +$2,651,786 $38.75 138
2018 Q2 23,976,513 $784,800,703 +$25,768,434 $32.70 108
2018 Q1 23,969,904 $862,913,860 -$9,262,114 $36.00 114
2017 Q4 24,095,367 $814,323,848 -$8,580,463 $33.80 111
2017 Q3 24,416,559 $908,818,747 +$4,826,648 $37.20 115
2017 Q2 24,631,586 $755,802,430 +$8,678,187 $30.70 99
2017 Q1 24,384,333 $684,285,684 +$111,337,648 $28.05 100
2016 Q4 23,970,065 $654,408,933 +$5,345,047 $27.30 109
2016 Q3 23,790,916 $646,653,651 +$39,767,984 $27.21 121
2016 Q2 20,140,405 $786,677,397 +$23,598,113 $39.06 135
2016 Q1 20,522,452 $548,939,563 +$280,034,677 $26.75 129
2015 Q4 9,771,328 $421,773,658 +$4,698,049 $43.05 117
2015 Q3 10,536,930 $451,093,456 +$8,203,807 $42.81 122
2015 Q2 10,094,235 $345,505,365 +$4,534,826 $34.23 112
2015 Q1 10,277,940 $320,325,689 +$10,104,620 $31.16 98
2014 Q4 9,143,597 $285,808,969 +$2,909,630 $31.25 95
2014 Q3 10,119,935 $251,084,503 +$1,216,730 $24.81 94
2014 Q2 10,019,527 $306,179,488 +$2,028,015 $30.46 98
2014 Q1 9,979,064 $322,185,985 +$22,289,059 $32.29 90