Stephen Mandel’s SBA Communications SBAC Stock Holding History

Stephen Mandel’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	–	54
2015 Q3	$293M	Sell	2,801,753 -1,782,586	-39%	-$208M	1.2%	33
2015 Q2	$527M	Sell	4,584,339 -1,876,339	-29%	-$220M	1.97%	19
2015 Q1	$757M	Sell	6,460,678 -832,524	-11%	-$98.3M	2.86%	10
2014 Q4	$808M	Sell	7,293,202 -1,377,536	-16%	-$155M	3.39%	12
2014 Q3	$962M	Sell	8,670,738 -30,000	-0.3%	-$3.24M	3.76%	6
2014 Q2	$890M	Sell	8,700,738 -243,106	-3%	-$23.3M	3.6%	7
2014 Q1	$814M	Buy	8,943,844 +3,487,296	+64%	+$323M	3.54%	8
2013 Q4	$490M	Buy	+5,456,548	New	+$469M	2.11%	18

Other funds holding SBAC

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

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Principal Financial Group Des Moines, Iowa $204B AUM 27.99% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Brown Advisory Baltimore, Maryland $64.6B AUM 18.98% 1-Year Est. Return

ACM

AKRE Capital Management Middleburg, Virginia $5.12B AUM 19.08% 1-Year Est. Return

Franklin Resources San Mateo, California $462B AUM 39.16% 1-Year Est. Return

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

Canada Pension Plan Investment Board Toronto Ontario, Ontario, Canada $181B AUM 41.77% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

Stephen Mandel's SBAC Position: Q3 2018 in Review

Stephen Mandel sold out of SBA Communications (SBAC) in Q3 2018, closing a stake of 3,508,194 shares — an estimated $579M sold.

Stephen Mandel first reported a position in SBAC in Q4 2013 and held it in 10 quarters. The position peaked at $962M in Q3 2014. 496 funds tracked by Wall St. Rank hold SBAC as of Q3 2018.

Stephen Mandel reported no remaining SBA Communications position as of Q3 2018 after selling out during the quarter.
Stephen Mandel sold 3,508,194 SBA Communications shares in Q3 2018, an estimated $579M.
Stephen Mandel first reported a position in SBA Communications in Q4 2013 and held it in 10 quarters.
Stephen Mandel's SBA Communications position peaked at $962M in Q3 2014.
496 funds tracked by Wall St. Rank held SBA Communications as of Q3 2018.

Based on Lone Pine Capital's 13F filing for Q3 2018, filed 14 Nov 2018.