Shenandoah Telecommunications Co: which funds bought and sold

Institutions that bought and sold Shenandoah Telecommunications shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 93 institutions that filed 13F reports for both quarters added to or opened positions in Shenandoah Telecommunications, and 63 cut or closed them. Together they sold a net 483K shares, −1.2% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 6,553 shares (−0.1%); index fund managers were net buyers of 194K shares (+1.3%). 28 opened a new position and 12 sold out entirely.

Bought, Q2 2026 93 institutions, 28 of them new holders Sold, Q2 2026 63 institutions, 12 of them sold out

Net change, all compared −483K shares (−1.2%)

Net change, active managers −6,553 shares (−0.1%), 15 bought, 10 sold

Buyers versus sellers

institutions compared, 192

93 bought 36 63 sold

Active managers and hedge funds 15 bought · 10 sold · −6,553

Index fund managers 5 bought · 4 sold · +194K

Other institutions 73 bought · 49 sold · −670K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Royce & Associates LP Active manager	+607K +1661.0%	643K	$9.7M
American Century Companies Inc Active manager	+255K +21.6%	1.4M	$21.6M
State Street Corp Index funds	+190K +9.7%	2.1M	$32.4M
Citigroup Inc	+158K +759.9%	179K	$2.7M
Dimensional Fund Advisors LP	+143K +5.8%	2.6M	$39.4M
Blackrock, Inc. Index funds	+112K +1.6%	7.1M	$107M
AQR Capital Management LLC Hedge fund	+73K New position	73K	$1.1M
Nuveen, LLC	+70K +65.9%	175K	$2.6M
Franklin Resources Inc Active manager	+66K +61.9%	173K	$2.6M
Trexquant Investment LP Hedge fund	+62K New position	62K	$936,242
Jump Financial, LLC	+58K New position	58K	$871,624
Victory Capital Management Inc Active manager	+53K New position	53K	$797,265
Geode Capital Management, LLC Index funds	+44K +3.5%	1.3M	$19.6M
Quantbot Technologies LP Hedge fund	+33K New position	33K	$501,304
Vanguard Portfolio Management LLC Index funds	+31K +3.5%	913K	$13.8M
Northern Trust Corp Index funds	+27K +5.6%	514K	$7.7M
Russell Investments Group, Ltd.	+24K +608.0%	28K	$420,340
Wells Fargo & Company	+23K +114.1%	43K	$651,342
Schonfeld Strategic Advisors LLC Hedge fund	+23K New position	23K	$341,063
Susquehanna Portfolio Strategies, LLC	+22K +92.0%	45K	$680,334

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Royce & Associates LP Active manager	+607K +1661.0%	643K	$9.7M
American Century Companies Inc Active manager	+255K +21.6%	1.4M	$21.6M
AQR Capital Management LLC Hedge fund	+73K New position	73K	$1.1M
Franklin Resources Inc Active manager	+66K +61.9%	173K	$2.6M
Trexquant Investment LP Hedge fund	+62K New position	62K	$936,242
Victory Capital Management Inc Active manager	+53K New position	53K	$797,265
Quantbot Technologies LP Hedge fund	+33K New position	33K	$501,304
Schonfeld Strategic Advisors LLC Hedge fund	+23K New position	23K	$341,063
Alliancebernstein L.P. Active manager	+18K +41.8%	61K	$941,946
Bridgeway Capital Management, LLC Active manager	+16K +4.2%	394K	$5.9M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Whitebark Investors LP	−559K −77.0%	167K	$2.5M
Millennium Management LLC Hedge fund	−462K −38.7%	731K	$11M
Invesco Ltd.	−377K −64.9%	204K	$3.1M
Southeastern Asset Management Inc Active manager	−323K −11.0%	2.6M	$39.5M
Two Sigma Investments, LP Hedge fund	−276K −89.1%	34K	$511,544
Broad Run Investment Management, LLC	−220K −25.0%	659K	$9.9M
Vanguard Capital Management LLC Index funds	−120K −5.5%	2.1M	$31M
Squarepoint Ops LLC Hedge fund	−79K −76.6%	24K	$365,811
Charles Schwab Investment Management Inc Index funds	−69K −8.8%	718K	$10.8M
Morgan Stanley	−60K −15.1%	334K	$5M
Campbell & Co Investment Adviser LLC	−36K −39.2%	55K	$834,618
HRT Financial LP	−33K −30.2%	76K	$1.1M
Citadel Advisors LLC Hedge fund	−31K −29.2%	75K	$1.1M
Gabelli Funds LLC Active manager	−26K −13.1%	173K	$2.6M
Rhumbline Advisers Index funds	−21K −14.6%	121K	$1.8M
Royal Bank Of Canada	−20K −74.7%	6,794	$102,000
Salvus Wealth Management, LLC	−19K Sold out	0	—
Renaissance Technologies LLC Hedge fund	−16K −24.8%	48K	$723,840
Brevan Howard Capital Management LP Hedge fund	−16K −60.7%	10K	$151,403
PNC Financial Services Group, Inc.	−15K −63.2%	8,687	$131,001

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Millennium Management LLC Hedge fund	−462K −38.7%	731K	$11M
Southeastern Asset Management Inc Active manager	−323K −11.0%	2.6M	$39.5M
Two Sigma Investments, LP Hedge fund	−276K −89.1%	34K	$511,544
Squarepoint Ops LLC Hedge fund	−79K −76.6%	24K	$365,811
Citadel Advisors LLC Hedge fund	−31K −29.2%	75K	$1.1M
Gabelli Funds LLC Active manager	−26K −13.1%	173K	$2.6M
Renaissance Technologies LLC Hedge fund	−16K −24.8%	48K	$723,840
Brevan Howard Capital Management LP Hedge fund	−16K −60.7%	10K	$151,403
Intech Investment Management LLC Active manager	−11K Sold out	0	—
Acadian Asset Management LLC Active manager	−3,838 Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
AQR Capital Management LLCHedge fund	73K	$1.1M
Trexquant Investment LPHedge fund	62K	$936,242
Jump Financial, LLC	58K	$871,624
Victory Capital Management IncActive manager	53K	$797,265
Quantbot Technologies LPHedge fund	33K	$501,304
Schonfeld Strategic Advisors LLCHedge fund	23K	$341,063
Mirabella Financial Services LLP	19K	$293,834
Gsa Capital Partners LLP	17K	$256,000
Jain Global LLCHedge fund	15K	$224,692
Wealthcare Advisory Partners LLC	13K	$200,624

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Salvus Wealth Management, LLC	19K	$288,493
Intech Investment Management LLCActive manager	11K	$171,069
Acadian Asset Management LLCActive manager	3,838	$59,000
Destiny Wealth Partners, LLC	1,225	$18,890
Quadrant Capital Group LLC	276	$4,258
Northwestern Mutual Wealth Management Co	233	$3,593
Quarry LP	59	$910
Root Financial Partners, LLC	47	$725
Advisory Services Network, LLC	38	$586
Group One Trading LLC	22	$339

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 182
Ten largest holders: 70.0%
Index fund managers: 38.2%
Active managers and hedge funds: 18.0%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	15	10	6	2	−6,553	−0.1%
Index fund managers	5	4	0	0	+194K	+1.3%
Other institutions	73	49	22	10	−670K	−3.7%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Shenandoah Telecommunications.

Only managers that filed a holdings report for both quarters are compared (192 here). 6 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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