Lone Pine Capital’s SBA Communications SBAC Stock Holding History

Lone Pine Capital’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
2018 Q3	–	Sell	-3,508,194	Closed	-$579M	–	30
2018 Q2	$579M	Buy	3,508,194 +123,042	+4%	+$19.9M	3.06%	19
2018 Q1	$579M	Buy	+3,385,152	New	+$561M	2.93%	19
2015 Q4	–	Sell	-2,801,753	Closed	-$293M	–	55
2015 Q3	$293M	Sell	2,801,753 -1,782,586	-39%	-$208M	1.31%	33
2015 Q2	$527M	Sell	4,584,339 -1,876,339	-29%	-$220M	2.34%	19
2015 Q1	$757M	Sell	6,460,678 -832,524	-11%	-$98.3M	3.23%	10
2014 Q4	$808M	Sell	7,293,202 -1,377,536	-16%	-$155M	3.45%	12
2014 Q3	$962M	Sell	8,670,738 -30,000	-0.3%	-$3.24M	3.84%	6
2014 Q2	$890M	Sell	8,700,738 -243,106	-3%	-$23.3M	3.71%	7
2014 Q1	$814M	Buy	8,943,844 +3,487,296	+64%	+$323M	3.66%	8
2013 Q4	$490M	Buy	+5,456,548	New	+$469M	2.24%	18

Other funds holding SBAC

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

BlackRock New York $5.7T AUM 30.48% 1-Year Est. Return

Principal Financial Group

Principal Financial Group Des Moines, Iowa $187B AUM 18.48% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Brown Advisory Baltimore, Maryland $60.9B AUM 15.24% 1-Year Est. Return

AKRE Capital Management Middleburg, Virginia $6.12B AUM 15.27% 1-Year Est. Return

Franklin Resources

Franklin Resources San Mateo, California $408B AUM 30.18% 1-Year Est. Return

American Century Companies

American Century Companies Kansas City, Missouri $194B AUM 35% 1-Year Est. Return

Canada Pension Plan Investment Board

Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada $155B AUM 29.93% 1-Year Est. Return

Dimensional Fund Advisors

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return