Who owns SHEN (SHEN)
Which tracked institutional funds hold SHEN, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SHEN company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on SHEN is one-sided between 2025-Q4 and 2026-Q1: 45 added or opened and 8 trimmed or exited — on balance accumulating.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
SHEN’s largest tracked holder by dollar value, BlackRock, Inc., sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SHEN divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 170 tracked filers holding SHEN, 84 increased or opened the position and 70 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in SHEN between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 6
- VANGUARD CAPITAL MANAGEMENT LLC$34M
- VANGUARD PORTFOLIO MANAGEMENT LLC$14M
- VANGUARD FIDUCIARY TRUST CO$5M
- FRANKLIN RESOURCES INC$2M
- Campbell & CO Investment Adviser LLC$1M
- VANGUARD ASSET MANAGEMENT, Ltd$515K
Full exits 5
- VANGUARD GROUP INC$35M
- Brandywine Global Investment Management, LLC$2M
- ExodusPoint Capital Management, LP$887K
- JANE STREET GROUP, LLC$818K
- TWO SIGMA ADVISERS, LP$632K
Largest adds
- BlackRock, Inc.$26M
- GCM Grosvenor Holdings, LLC$16M
- ECP ControlCo, LLC$13M
- SOUTHEASTERN ASSET MANAGEMENT INC/TN/$11M
- DIMENSIONAL FUND ADVISORS LP$9M
- STATE STREET CORP$8M
Largest trims
- FMR LLC$2M
- BARCLAYS PLC$768K
- WELLS FARGO & COMPANY/MN$362K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| BlackRock, Inc. trimmed | 6,977,716 | $108M | 16.3% | 2026-Q1 |
| GCM Grosvenor Holdings, LLC added | 4,116,050 | $63M | 9.6% | 2026-Q1 |
| ECP ControlCo, LLC | 3,457,105 | $53M | 8.1% | 2026-Q1 |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ | 2,940,296 | $45M | 6.9% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 2,471,214 | $38M | 5.8% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 2,179,012 | $34M | 5.1% | 2026-Q1 |
| STATE STREET CORP added | 1,959,442 | $30M | 4.6% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 1,253,952 | $19M | 2.9% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 1,193,209 | $18M | 2.8% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC added | 1,180,953 | $18M | 2.8% | 2026-Q1 |
| COOPER INVESTORS PTY LTD trimmed | 937,332 | $14M | 2.2% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 881,864 | $14M | 2.1% | 2026-Q1 |
| Broad Run Investment Management, LLC trimmed | 878,264 | $14M | 2.0% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 787,497 | $12M | 1.8% | 2026-Q1 |
| Whitebark Investors LP added | 726,445 | $11M | 1.7% | 2026-Q1 |
| Cerity Partners LLC added | 643,798 | $10M | 1.5% | 2026-Q1 |
| Invesco Ltd. trimmed | 541,292 | $8M | 1.3% | 2026-Q1 |
| NORTHERN TRUST CORP added | 486,455 | $8M | 1.1% | 2026-Q1 |
| MORGAN STANLEY added | 393,621 | $6M | 0.9% | 2026-Q1 |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC added | 377,665 | $6M | 0.9% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 310,174 | $5M | 0.7% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 303,841 | $5M | 0.7% | 2026-Q1 |
| GAMCO INVESTORS, INC. ET AL added | 270,000 | $4M | 0.6% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 263,951 | $4M | 0.6% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC added | 256,295 | $4M | 0.6% | 2026-Q1 |
| Empowered Funds, LLC added | 247,665 | $4M | 0.6% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC added | 221,700 | $3M | 0.5% | 2026-Q1 |
| GABELLI FUNDS LLC added | 199,530 | $3M | 0.5% | 2026-Q1 |
| Public Sector Pension Investment Board added | 163,003 | $3M | 0.4% | 2026-Q1 |
| RHUMBLINE ADVISERS added | 141,361 | $2M | 0.3% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 129,412 | $2M | 0.3% | 2026-Q1 |
| RWA WEALTH PARTNERS, LLC | 119,465 | $2M | 0.3% | 2026-Q1 |
| UBS Group AG trimmed | 110,276 | $2M | 0.3% | 2026-Q1 |
| HRT FINANCIAL LP trimmed | 108,541 | $2M | 0.3% | 2026-Q1 |
| FRANKLIN RESOURCES INC added | 106,803 | $2M | 0.2% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 106,286 | $2M | 0.2% | 2026-Q1 |
| Nuveen, LLC trimmed | 105,614 | $2M | 0.2% | 2026-Q1 |
| Legal & General Group Plc trimmed | 105,244 | $2M | 0.2% | 2026-Q1 |
| Squarepoint Ops LLC trimmed | 103,618 | $2M | 0.2% | 2026-Q1 |
| Quantinno Capital Management LP added | 97,435 | $2M | 0.2% | 2026-Q1 |
| Swiss National Bank | 92,072 | $1M | 0.2% | 2026-Q1 |
| Campbell & CO Investment Adviser LLC added | 91,042 | $1M | 0.2% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 77,838 | $1M | 0.2% | 2026-Q1 |
| CWM, LLC added | 73,382 | $1M | 0.2% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ added | 72,872 | $1M | 0.2% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 71,757 | $1M | 0.2% | 2026-Q1 |
| FMR LLC trimmed | 69,060 | $1M | 0.2% | 2026-Q1 |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM trimmed | 65,912 | $1M | 0.2% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 63,800 | $984K | 0.1% | 2026-Q1 |
| NATURAL INVESTMENTS, LLC trimmed | 57,195 | $881K | 0.1% | 2026-Q1 |
| Creative Planning trimmed | 54,994 | $848K | 0.1% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 50,882 | $765K | 0.1% | 2026-Q1 |
| PRUDENTIAL FINANCIAL INC added | 48,179 | $743K | 0.1% | 2026-Q1 |
| FIRST TRUST ADVISORS LP trimmed | 47,972 | $740K | 0.1% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 47,324 | $730K | 0.1% | 2026-Q1 |
| Pathstone Holdings, LLC added | 45,103 | $695K | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 42,734 | $659K | 0.1% | 2026-Q1 |
| Visionary Wealth Advisors added | 42,365 | $653K | 0.1% | 2026-Q1 |
| ACORN FINANCIAL ADVISORY SERVICES INC /ADV | 41,686 | $643K | 0.1% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co | 38,693 | $597K | 0.1% | 2026-Q1 |
| ROYCE & ASSOCIATES LP | 36,519 | $563K | 0.1% | 2026-Q1 |
| FULLER & THALER ASSET MANAGEMENT, INC. added | 34,710 | $535K | 0.1% | 2026-Q1 |
| LPL Financial LLC trimmed | 33,595 | $518K | 0.1% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 33,388 | $515K | 0.1% | 2026-Q1 |
| BEACON INVESTMENT ADVISORS LLC trimmed | 32,330 | $499K | 0.1% | 2026-Q1 |
| ALLIANCEBERNSTEIN L.P. trimmed | 43,086 | $498K | 0.1% | 2026-Q1 |
| Cornerstone Advisory, LLC trimmed | 32,121 | $495K | 0.1% | 2026-Q1 |
| Capital Investment Advisory Services, LLC trimmed | 32,000 | $493K | 0.1% | 2026-Q1 |
| Janney Montgomery Scott LLC | 30,763 | $474K | 0.1% | 2026-Q1 |
| Thrivent Financial for Lutherans trimmed | 30,414 | $469K | 0.1% | 2026-Q1 |
| Trek Financial, LLC | 29,896 | $461K | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 26,829 | $413K | 0.1% | 2026-Q1 |
| Brevan Howard Capital Management LP added | 25,561 | $394K | 0.1% | 2026-Q1 |
| MetLife Investment Management, LLC trimmed | 24,584 | $379K | 0.1% | 2026-Q1 |
| State of Alaska, Department of Revenue | 24,504 | $376K | 0.1% | 2026-Q1 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 23,824 | $367K | 0.1% | 2026-Q1 |
| PNC FINANCIAL SERVICES GROUP, INC. added | 23,592 | $364K | 0.1% | 2026-Q1 |
| Susquehanna Portfolio Strategies, LLC new | 23,495 | $362K | 0.1% | 2026-Q1 |
| Illinois Municipal Retirement Fund trimmed | 21,922 | $338K | 0.1% | 2026-Q1 |
| Graves Light Lenhart Wealth, Inc. | 21,665 | $334K | 0.1% | 2026-Q1 |
| JANUS HENDERSON GROUP PLC | 20,897 | $323K | 0.0% | 2026-Q1 |
| CITIGROUP INC added | 20,847 | $321K | 0.0% | 2026-Q1 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 20,380 | $314K | 0.0% | 2026-Q1 |
| VANGUARD GROUP INC trimmed | 3,063,674 | $35M | 5.4% | 2025-Q4 stale |
| Private Advisor Group, LLC trimmed | 189,471 | $3M | 0.4% | 2025-Q2 stale |
| Alberta Investment Management Corp added | 176,657 | $2M | 0.4% | 2025-Q2 stale |
| Brandywine Global Investment Management, LLC trimmed | 134,050 | $2M | 0.2% | 2025-Q4 stale |
| NORGES BANK trimmed | 77,811 | $1M | 0.2% | 2025-Q3 stale |
| ExodusPoint Capital Management, LP trimmed | 76,692 | $887K | 0.1% | 2025-Q4 stale |
| JANE STREET GROUP, LLC added | 70,738 | $818K | 0.1% | 2025-Q4 stale |
| MERCER GLOBAL ADVISORS INC /ADV added | 50,722 | $693K | 0.1% | 2025-Q2 stale |
| ENVESTNET ASSET MANAGEMENT INC | 50,574 | $636K | 0.1% | 2025-Q1 stale |
| TWO SIGMA ADVISERS, LP added | 54,700 | $632K | 0.1% | 2025-Q4 stale |
| PAX Financial Group, LLC added | 39,135 | $492K | 0.1% | 2025-Q1 stale |
| AlphaQuest LLC added | 42,498 | $491K | 0.1% | 2025-Q4 stale |
| Y-Intercept (Hong Kong) Ltd trimmed | 31,040 | $390K | 0.1% | 2025-Q1 stale |
| Versor Investments LP added | 28,600 | $360K | 0.1% | 2025-Q1 stale |
| Inspire Investing, LLC trimmed | 27,387 | $344K | 0.1% | 2025-Q1 stale |
| Aquatic Capital Management LLC trimmed | 27,666 | $320K | 0.0% | 2025-Q4 stale |
| Corebridge Financial, Inc. trimmed | 25,343 | $319K | 0.0% | 2025-Q1 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.