SHENNasdaqTelephone Communications (No Radiotelephone)Fiscal year ends December 31
SHENANDOAH TELECOMMUNICATIONS CO/VA/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q/A on Jul 29, 2026
$10.16−0.14 (-1.36%)
Close on Oct 19, 2026
- Market cap
- $566.71M
- P/E (TTM)
- –
- Dividend yield
- 1.08%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
71.6%
40M of 55M shares
Institutional holders
184
31 new, 12 sold out
Net institutional buying
-0M
In Q2 2026
Insider trades, 12 months
3 buys · 0 sales
Net bought $74.28K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Energy Capital Partners IV-A, LP | 6,774,728 | 11.60% | 13D (active) amendment | Aug 8, 2025 |
| Energy Capital Partners GP IV, LP | 6,208,915 | 10.60% | 13D (active) amendment | Jun 5, 2025 |
| Energy Capital Partners IV-B, LP | 5,944,451 | 10.20% | 13D (active) amendment | Feb 13, 2025 |
| Energy Capital Partners IV-D, LP | 5,944,451 | 10.20% | 13D (active) amendment | May 21, 2025 |
| Grosvenor Capital Management Holdings, LLLP | 4,116,050 | 7.40% | 13D (active) amendment | Jun 8, 2026 |
| BlackRock, Inc. | 3,810,952 | 6.90% | 13G (passive) amendment | Sep 30, 2026 |
| Dimensional Fund Advisors LP | 2,868,476 | 5.20% | 13G (passive) | Sep 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of SHEN | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 7,089,344 | 12.80% | $106.91M | +111,628 | 0.00% |
| GCM Grosvenor Holdings, LLC | 4,116,050 | 7.43% | $62.07M | – | 2.68% |
| ECP ControlCo, LLC | 3,457,105 | 6.24% | $52.13M | – | 1.12% |
| Southeastern Asset Management Inc/Tn/ | 2,616,797 | 4.73% | $39.46M | −323,499 | 2.06% |
| Dimensional Fund Advisors LP | 2,613,975 | 4.72% | $39.42M | +142,761 | 0.01% |
| State Street Corp | 2,149,556 | 3.88% | $32.42M | +190,114 | 0.00% |
| Vanguard Capital Management LLC | 2,058,869 | 3.72% | $31.05M | −120,143 | 0.00% |
| American Century Companies Inc | 1,435,478 | 2.59% | $21.65M | +254,525 | 0.01% |
| Geode Capital Management, LLC | 1,298,399 | 2.35% | $19.58M | +44,447 | 0.00% |
| Cooper Investors Pty Ltd | 930,143 | 1.68% | $14.03M | −7,189 | 6.44% |
| Vanguard Portfolio Management LLC | 912,882 | 1.65% | $13.77M | +31,018 | 0.00% |
| Millennium Management LLC | 731,426 | 1.32% | $11.03M | −461,783 | 0.00% |
| Charles Schwab Investment Management Inc | 718,217 | 1.30% | $10.83M | −69,280 | 0.00% |
| Broad Run Investment Management, LLC | 658,567 | 1.19% | $9.93M | −219,697 | 1.53% |
| Cerity Partners LLC | 647,035 | 1.17% | $9.76M | +3,237 | 0.01% |
| Royce & Associates LP | 643,093 | 1.16% | $9.70M | +606,574 | 0.08% |
| Northern Trust Corp | 513,525 | 0.93% | $7.74M | +27,070 | 0.00% |
| Bridgeway Capital Management, LLC | 393,553 | 0.71% | $5.93M | +15,888 | 0.10% |
| Morgan Stanley | 333,994 | 0.60% | $5.04M | −59,627 | 0.00% |
| Vanguard Fiduciary Trust Co | 303,280 | 0.55% | $4.57M | −561 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 184 | 40M | 71.6% | 31 / 65 | 52 / 12 | 2M | 3M |
| Q1 2026 | 169 | 40M | 72.6% | 29 / 54 | 51 / 16 | 5M | 1M |
| Q4 2025 | 160 | 40M | 72.7% | 16 / 47 | 72 / 16 | 4M | 3M |
| Q3 2025 | 161 | 39M | 71.3% | 18 / 51 | 59 / 21 | 3M | 2M |
| Q2 2025 | 164 | 39M | 69.7% | 25 / 56 | 57 / 22 | 4M | 2M |
| Q1 2025 | 163 | 37M | 66.7% | 21 / 58 | 56 / 12 | 3M | 2M |
| Q4 2024 | 156 | 37M | 66.0% | 18 / 62 | 48 / 17 | 2M | 1M |
| Q3 2024 | 155 | 36M | 64.8% | 24 / 42 | 66 / 11 | 9M | 1M |
| Q2 2024 | 143 | 36M | 64.6% | 21 / 49 | 54 / 22 | 5M | 2M |
| Q1 2024 | 145 | 32M | 58.4% | 16 / 41 | 63 / 15 | 1M | 1M |
| Q4 2023 | 144 | 32M | 57.6% | 24 / 35 | 63 / 9 | 2M | 1M |
| Q3 2023 | 131 | 31M | 55.8% | 11 / 38 | 62 / 6 | 1M | 2M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of SHEN | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Small-Cap ETF | 2,766,988 | 5.00% | $41.73M | 0.04% | Jun 30, 2026 |
| Longleaf Partners Small Cap Fund | 2,612,640 | 4.72% | $39.40M | 6.12% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 1,472,897 | 2.66% | $22.21M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,273,207 | 2.30% | $19.20M | 0.02% | Jun 30, 2026 |
| Avantis U.S. Small Cap Value ETF | 1,099,980 | 1.99% | $17.54M | 0.06% | May 31, 2026 |
| Hennessy Focus Fund | 642,993 | 1.16% | $7.71M | 1.67% | Jul 31, 2026 |
| U.S. Small Cap Value Portfolio | 590,070 | 1.07% | $7.07M | 0.04% | Jul 31, 2026 |
| Fidelity Small Cap Index Fund | 552,711 | 1.00% | $6.63M | 0.02% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 535,240 | 0.97% | $8.07M | 0.01% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 467,641 | 0.84% | $7.05M | 0.05% | Jun 30, 2026 |
| State Street(R) SPDR(R) Portfolio S&P 600(TM) Small Cap ETF | 420,183 | 0.76% | $6.34M | 0.04% | Jun 30, 2026 |
| iShares S&P Small-Cap 600 Value ETF | 396,570 | 0.72% | $5.98M | 0.07% | Jun 30, 2026 |
| Dimensional US Small Cap Value ETF | 312,173 | 0.56% | $3.74M | 0.05% | Jul 31, 2026 |
| Royce Small-Cap Opportunity Fund | 298,333 | 0.54% | $4.50M | 0.32% | Jun 30, 2026 |
| 1290 VT GAMCO Small Company Value Portfolio | 270,000 | 0.49% | $4.07M | 0.09% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Edward H. McKay | President & CEO | 136,007 | 0.25% | Aug 3, 2026 |
| James J. Volk | SVP Finance & CFO | 98,078 | 0.18% | Aug 3, 2026 |
| Christopher E. French | Executive Chairman | 2,078,708 | 3.75% | Mar 2, 2026 |
| Glenn E. Lytle Jr | SVP Commercial Sales | 8,956 | 0.02% | Feb 23, 2026 |
| Tracy Willis | VP & Chief Accounting Officer | 1,638 | 0.00% | Feb 23, 2026 |
| Elaine Cheng | SVP & Chief Info Officer | 38,523 | 0.07% | Feb 23, 2026 |
| Richard W. Mason Jr | SVP Engineering & Operations | 54,939 | 0.10% | Feb 23, 2026 |
| Heather K. Tormey | VP Chief HRO | 28,586 | 0.05% | Feb 23, 2026 |
| Angela M. Olsen | VP Legal/Gen Counsel & Sec | 1,252 | 0.00% | Feb 23, 2026 |
| Dara Leslie | SVP Sales & Marketing | 16,002 | 0.03% | Feb 23, 2026 |
| Derek Rieger | VP Legal/Gen Counsel & Sec | 8,098 | 0.01% | Feb 24, 2025 |
| Thomas Beckett | Director | 30,968 | 0.06% | Sep 3, 2026 |
| Kenneth L. Quaglio | Director | 34,879 | 0.06% | Sep 3, 2026 |
| Richard L. Koontz Jr | Director | 71,854 | 0.13% | Sep 3, 2026 |
| Michael Anthony Rhymes | Director | 11,957 | 0.02% | Sep 3, 2026 |
| Victor Christopher Barnes | Director | 24,730 | 0.04% | Sep 3, 2026 |
| Leigh Ann Schultz | Director | 34,450 | 0.06% | Sep 3, 2026 |
| Matthew Rinklin | Director | – | – | Jun 10, 2026 |
| Gcm V, Llc | Director | 4,105,126 | 7.41% | Jun 10, 2026 |
| Michael Jay Sacks | Director | 4,116,050 | 7.43% | Jun 10, 2026 |
| Labor Impact Fund, L.P. | Director | – | – | Jun 10, 2026 |
| Grosvenor Inc. GCM | Director | 4,100,375 | 7.41% | Jun 10, 2026 |
| GCM Investments GP, LLC | Director | 4,100,375 | 7.41% | Jun 10, 2026 |
| Lif Aiv 1, L.P. | Director | 4,116,050 | 7.43% | Jun 10, 2026 |
| GCM Grosvenor Holdings, LLC | Director | – | – | Jun 10, 2026 |
| Grosvenor Capital Management Holdings, LLLP | Director | 4,105,126 | 7.41% | Jun 10, 2026 |
| LIF Vista, LLC | Director | – | – | Jun 10, 2026 |
| Tracy Fitzsimmons | Director | 63,053 | 0.11% | Apr 22, 2026 |
| W. Flora John | Director | 66,060 | 0.12% | Apr 22, 2026 |
| James F. DiMola | Director | 0 | – | Feb 23, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Michael Anthony Rhymes Director | Sep 2, 2026 | Award | +40.42 | $12.37 | $500 | 11,957 |
| Richard L. Koontz Jr Director | Sep 2, 2026 | Award | +40.42 | $12.37 | $500 | 71,854 |
| Leigh Ann Schultz Director | Sep 2, 2026 | Award | +53.89 | $12.37 | $667 | 34,412 |
| Thomas Beckett Director | Sep 2, 2026 | Award | +32.34 | $12.37 | $400 | 30,968 |
| Kenneth L. Quaglio Director | Sep 2, 2026 | Award | +80.84 | $12.37 | $1,000 | 34,879 |
| Victor Christopher Barnes Director | Sep 2, 2026 | Award | +66.02 | $12.37 | $817 | 24,730 |
| Kenneth L. Quaglio Director | Aug 3, 2026 | Award | +83.4 | $11.99 | $1,000 | 34,798 |
| Thomas Beckett Director | Aug 3, 2026 | Award | +33.36 | $11.99 | $400 | 30,936 |
| Leigh Ann Schultz Director | Aug 3, 2026 | Award | +55.6 | $11.99 | $667 | 34,358 |
| Michael Anthony Rhymes Director | Aug 3, 2026 | Award | +41.7 | $11.99 | $500 | 11,916 |
| Victor Christopher Barnes Director | Aug 3, 2026 | Award | +68.11 | $11.99 | $817 | 24,664 |
| Richard L. Koontz Jr Director | Aug 3, 2026 | Award | +41.7 | $11.99 | $500 | 71,813 |
| James J. Volk SVP Finance & CFO | Jul 31, 2026 | Buy | +4,186.06 | $11.67 | $48.85K | 92,574 |
| James J. Volk SVP Finance & CFO | Jul 31, 2026 | Buy | +97 | $11.84 | $1.15K | 92,671 |
| Edward H. McKay President & CEO | Jul 31, 2026 | Buy | +2,000 | $12.14 | $24.28K | 136,007 |
| Leigh Ann Schultz Director | Jul 1, 2026 | Award | +44.21 | $15.08 | $667 | 34,303 |
| Victor Christopher Barnes Director | Jul 1, 2026 | Award | +54.16 | $15.08 | $817 | 24,596 |
| Michael Anthony Rhymes Director | Jul 1, 2026 | Award | +33.16 | $15.08 | $500 | 11,875 |
| Richard L. Koontz Jr Director | Jul 1, 2026 | Award | +33.16 | $15.08 | $500 | 71,772 |
| Thomas Beckett Director | Jul 1, 2026 | Award | +26.53 | $15.08 | $400 | 30,902 |
| Kenneth L. Quaglio Director | Jul 1, 2026 | Award | +27.63 | $15.08 | $417 | 34,715 |
| Victor Christopher Barnes Director | Jun 1, 2026 | Award | +51.2 | $15.95 | $817 | 24,542 |
| Richard L. Koontz Jr Director | Jun 1, 2026 | Award | +31.35 | $15.95 | $500 | 71,738 |
| Thomas Beckett Director | Jun 1, 2026 | Award | +25.08 | $15.95 | $400 | 30,876 |
| Leigh Ann Schultz Director | Jun 1, 2026 | Award | +41.8 | $15.95 | $667 | 34,258 |
| Kenneth L. Quaglio Director | Jun 1, 2026 | Award | +26.12 | $15.95 | $417 | 34,687 |
| Michael Anthony Rhymes Director | Jun 1, 2026 | Award | +31.35 | $15.95 | $500 | 11,841 |
| Richard L. Koontz Jr Director | May 4, 2026 | Award | +31.79 | $15.73 | $500 | 71,707 |
| Kenneth L. Quaglio Director | May 4, 2026 | Award | +39.73 | $15.73 | $625 | 34,661 |
| Victor Christopher Barnes Director | May 4, 2026 | Award | +51.92 | $15.73 | $817 | 24,490 |
| Thomas Beckett Director | May 4, 2026 | Award | +25.43 | $15.73 | $400 | 30,851 |
| Michael Anthony Rhymes Director | May 4, 2026 | Award | +31.79 | $15.73 | $500 | 11,810 |
| Leigh Ann Schultz Director | May 4, 2026 | Award | +42.38 | $15.73 | $667 | 34,217 |
| W. Flora John Director | Apr 21, 2026 | Option exercise | +9,863 | – | – | 66,060 |
| Tracy Fitzsimmons Director | Apr 21, 2026 | Option exercise | +9,863 | – | – | 63,053 |
| Leigh Ann Schultz Director | Apr 2, 2026 | Award | +43.23 | $15.42 | $667 | 34,174 |
| Michael Anthony Rhymes Director | Apr 2, 2026 | Award | +32.43 | $15.42 | $500 | 11,778 |
| Richard L. Koontz Jr Director | Apr 2, 2026 | Award | +32.43 | $15.42 | $500 | 71,675 |
| Thomas Beckett Director | Apr 2, 2026 | Award | +25.94 | $15.42 | $400 | 30,825 |
| Kenneth L. Quaglio Director | Apr 2, 2026 | Award | +40.53 | $15.42 | $625 | 34,621 |
| Tracy Fitzsimmons Director | Apr 2, 2026 | Award | +67.55 | $15.42 | $1.04K | 53,190 |
| Victor Christopher Barnes Director | Apr 2, 2026 | Award | +52.96 | $15.42 | $817 | 24,438 |
| Kenneth L. Quaglio Director | Mar 2, 2026 | Award | +45.85 | $13.63 | $625 | 34,581 |
| Thomas Beckett Director | Mar 2, 2026 | Award | +29.35 | $13.63 | $400 | 30,799 |
| Richard L. Koontz Jr Director | Mar 2, 2026 | Award | +36.68 | $13.63 | $500 | 71,643 |
| Tracy Fitzsimmons Director | Mar 2, 2026 | Award | +76.42 | $13.63 | $1.04K | 53,122 |
| Victor Christopher Barnes Director | Mar 2, 2026 | Award | +59.92 | $13.63 | $817 | 24,385 |
| Leigh Ann Schultz Director | Mar 2, 2026 | Award | +48.91 | $13.63 | $667 | 34,131 |
| Michael Anthony Rhymes Director | Mar 2, 2026 | Award | +36.68 | $13.63 | $500 | 11,746 |
| Christopher E. French Executive Chairman | Mar 2, 2026 | Other | −2,249 | – | – | 125,387 |
| Glenn E. Lytle Jr SVP Commercial Sales | Feb 19, 2026 | Option exercise | +5,079 | – | – | 8,956 |
| Elaine Cheng SVP & Chief Info Officer | Feb 19, 2026 | Tax withholding | −3,654 | $13.18 | $48.16K | 38,523 |
| Elaine Cheng SVP & Chief Info Officer | Feb 19, 2026 | Option exercise | +11,961 | – | – | 42,177 |
| Richard W. Mason Jr SVP Engineering & Operations | Feb 19, 2026 | Option exercise | +12,249 | – | – | 54,939 |
| Heather K. Tormey VP Chief HRO | Feb 19, 2026 | Option exercise | +9,266 | – | – | 28,586 |
| Heather K. Tormey VP Chief HRO | Feb 19, 2026 | Tax withholding | −3,050 | $13.18 | $40.20K | 25,536 |
| Dara Leslie SVP Sales & Marketing | Feb 19, 2026 | Tax withholding | −2,616 | $13.18 | $34.48K | 16,002 |
| Dara Leslie SVP Sales & Marketing | Feb 19, 2026 | Option exercise | +8,222 | – | – | 18,618 |
| Edward H. McKay President & CEO | Feb 19, 2026 | Tax withholding | −7,251 | $13.18 | $95.57K | 134,007 |
| Edward H. McKay President & CEO | Feb 19, 2026 | Option exercise | +24,098 | – | – | 141,258 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.