SHENANDOAH TELECOMMUNICATION

Ticker: SHEN CUSIP: 82312B106 Class: Common Stock

Note: Option positions (PUT/CALL) are excluded.

Increased Positions (42)

COOPER INVESTORS PTY LTD
Value ($000) $10,993 (+55.9%) Shares 950,951 (+81.0%)
ECP ControlCo, LLC
Value ($000) $39,964 (-11.8%) Shares 3,457,105 (+2.4%)
SOUTHEASTERN ASSET MANAGEMENT INC/TN/
Value ($000) $33,990 (+3.5%) Shares 2,940,296 (+20.1%)
AlphaQuest LLC
Value ($000) $491 (+164.3%) Shares 42,498 (+206.8%)
Caitlin John, LLC
Value ($000) $53 (+265.4%) Shares 4,550 (+324.0%)
MILLENNIUM MANAGEMENT LLC
Value ($000) $12,569 (+948.0%) Shares 1,087,246 (+1116.6%)
BRIDGEWAY CAPITAL MANAGEMENT, LLC
Value ($000) $4,082 (-8.1%) Shares 353,132 (+6.7%)
Capital Investment Advisory Services, LLC
Value ($000) $474 (+7.0%) Shares 41,000 (+24.2%)
GABELLI FUNDS LLC
Value ($000) $2,295 (+12.9%) Shares 198,530 (+31.1%)
Empowered Funds, LLC
Value ($000) $2,637 (-4.6%) Shares 228,132 (+10.8%)
Quantinno Capital Management LP
Value ($000) $1,106 (+338.9%) Shares 95,673 (+409.6%)
AMERICAN CENTURY COMPANIES INC
Value ($000) $12,546 (+0.3%) Shares 1,085,281 (+16.5%)
Squarepoint Ops LLC
Value ($000) $1,452 (+413.6%) Shares 125,572 (+496.2%)
Invesco Ltd.
Value ($000) $7,024 (+15.4%) Shares 607,617 (+34.0%)
FMR LLC
Value ($000) $3,345 (+117.3%) Shares 289,340 (+152.2%)
BlackRock, Inc.
Value ($000) $81,118 (-12.7%) Shares 7,017,163 (+1.3%)
TWO SIGMA INVESTMENTS, LP
Value ($000) $2,915 (+5.4%) Shares 252,179 (+22.4%)
CHARLES SCHWAB INVESTMENT MANAGEMENT INC
Value ($000) $9,203 (-6.9%) Shares 796,076 (+8.1%)
STATE STREET CORP
Value ($000) $22,278 (-12.4%) Shares 1,927,155 (+1.7%)
UMB Bank, n.a.
Value ($000) $115 (+1997.8%) Shares 9,959 (+2335.0%)

Decreased Positions (64)

DAVENPORT & Co LLC
Value ($000) $283 (-96.8%) Shares 24,472 (-96.3%)
VANGUARD GROUP INC
Value ($000) $39,629 (-32.7%) Shares 3,428,108 (-21.9%)
Visionary Wealth Advisors
Value ($000) $281 (-40.9%) Shares 24,275 (-31.4%)
GOLDMAN SACHS GROUP INC
Value ($000) $2,202 (-66.1%) Shares 190,497 (-60.7%)
ExodusPoint Capital Management, LP
Value ($000) $887 (-37.5%) Shares 76,692 (-27.4%)
Bank of New York Mellon Corp
Value ($000) $3,210 (-46.4%) Shares 277,676 (-37.8%)
DIMENSIONAL FUND ADVISORS LP
Value ($000) $28,749 (-18.8%) Shares 2,486,910 (-5.8%)
CAXTON ASSOCIATES LLP
Value ($000) $168 (-54.8%) Shares 14,553 (-47.5%)
INTECH INVESTMENT MANAGEMENT LLC
Value ($000) $227 (-59.6%) Shares 19,620 (-53.1%)
BEACON INVESTMENT ADVISORS LLC
Value ($000) $432 (-15.6%) Shares 37,346 (-2.0%)
RENAISSANCE TECHNOLOGIES LLC
Value ($000) $753 (-51.5%) Shares 65,100 (-43.7%)
ROYAL BANK OF CANADA
Value ($000) $334 (-78.2%) Shares 28,948 (-74.6%)
MORGAN STANLEY
Value ($000) $4,308 (-29.4%) Shares 372,671 (-18.0%)
CITADEL ADVISORS LLC
Value ($000) $486 (-68.9%) Shares 42,082 (-63.9%)
NORTHERN TRUST CORP
Value ($000) $5,283 (-24.6%) Shares 457,005 (-12.5%)
WELLS FARGO & COMPANY/MN
Value ($000) $673 (-58.4%) Shares 58,219 (-51.7%)
Graves Light Lenhart Wealth, Inc.
Value ($000) $250 (-23.7%) Shares 21,665 (-11.4%)
GEODE CAPITAL MANAGEMENT, LLC
Value ($000) $13,946 (-17.0%) Shares 1,206,253 (-3.6%)
Public Sector Pension Investment Board
Value ($000) $1,825 (-23.5%) Shares 157,903 (-11.2%)
Aquatic Capital Management LLC
Value ($000) $320 (-31.3%) Shares 27,666 (-20.3%)