Corvex Management’s SBA Communications SBAC Stock Holding History

Corvex Management’s Portfolio SBAC Stock Details SBAC Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2014 Q4	–	Sell	-298,693	Closed	-$33.1M	–	49
2014 Q3	$33.1M	Sell	298,693 -401,307	-57%	-$43.4M	0.4%	33
2014 Q2	$71.6M	Hold	700,000	–	–	0.85%	27
2014 Q1	$63.7M	Buy	700,000 +100,000	+17%	+$9.27M	0.89%	27
2013 Q4	$53.9M	Hold	600,000	–	–	1.12%	27
2013 Q3	$48.3M	Buy	+600,000	New	+$45.5M	0.9%	37

Other funds holding SBAC

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

LPC

Lone Pine Capital Greenwich, Connecticut $16.4B AUM 99.7% 1-Year Est. Return

Jennison Associates New York $167B AUM 44.17% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

Winslow Capital Management Minneapolis, Minnesota $29.1B AUM 43.86% 1-Year Est. Return

American Century Companies Kansas City, Missouri $226B AUM 44.75% 1-Year Est. Return

TCM

TimesSquare Capital Management New York $6.8B AUM 45.85% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

BAMCO Inc New York $66.6B AUM 7.35% 1-Year Est. Return

Deutsche Bank Frankfurt Am Main Ge, Germany $344B AUM 42.99% 1-Year Est. Return

Corvex Management's SBAC Position: Q4 2014 in Review

Corvex Management sold out of SBA Communications (SBAC) in Q4 2014, closing a stake of 298,693 shares — an estimated $33.1M sold.

Corvex Management first reported a position in SBAC in Q3 2013 and held it in 5 quarters. The position peaked at $71.6M in Q2 2014. 400 funds tracked by Wall St. Rank hold SBAC as of Q4 2014.

Corvex Management reported no remaining SBA Communications position as of Q4 2014 after selling out during the quarter.
Corvex Management sold 298,693 SBA Communications shares in Q4 2014, an estimated $33.1M.
Corvex Management first reported a position in SBA Communications in Q3 2013 and held it in 5 quarters.
Corvex Management's SBA Communications position peaked at $71.6M in Q2 2014.
400 funds tracked by Wall St. Rank held SBA Communications as of Q4 2014.

Based on Corvex Management's 13F filing for Q4 2014, filed 17 Feb 2015.