Triple Frond Partners’s SBA Communications SBAC Stock Holding History

Triple Frond Partners’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
2019 Q1	–	Sell	-557,690	Closed	-$90.3M	–	10
2018 Q4	$90.3M	Sell	557,690 -116,986	-17%	-$19M	11.04%	4
2018 Q3	$108M	Hold	674,676	–	–	11.27%	4
2018 Q2	$111M	Hold	674,676	–	–	11.75%	4
2018 Q1	$115M	Hold	674,676	–	–	12.96%	4
2017 Q4	$110M	Sell	674,676 -150,000	-18%	-$23.8M	12.48%	4
2017 Q3	$119M	Hold	824,676	–	–	14.41%	4
2017 Q2	$111M	Hold	824,676	–	–	14.6%	4
2017 Q1	$99.3M	Hold	824,676	–	–	13.2%	5
2016 Q4	$85.2M	Buy	824,676 +224,676	+37%	+$23.7M	12.63%	5
2016 Q3	$67.3M	Hold	600,000	–	–	9.59%	6
2016 Q2	$64.8M	Hold	600,000	–	–	10.42%	6
2016 Q1	$60.1M	Buy	600,000 +100,000	+20%	+$9.55M	9.79%	7
2015 Q4	$52.5M	Buy	+500,000	New	+$54.1M	9.8%	7

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

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

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

Cohen & Steers New York $63.2B AUM 17.15% 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

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

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

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

Triple Frond Partners's SBAC Position: Q1 2019 in Review

Triple Frond Partners sold out of SBA Communications (SBAC) in Q1 2019, closing a stake of 557,690 shares — an estimated $90.3M sold.

Triple Frond Partners first reported a position in SBAC in Q4 2015 and held it in 13 quarters. The position peaked at $119M in Q3 2017. 534 funds tracked by Wall St. Rank hold SBAC as of Q1 2019.

Triple Frond Partners reported no remaining SBA Communications position as of Q1 2019 after selling out during the quarter.
Triple Frond Partners sold 557,690 SBA Communications shares in Q1 2019, an estimated $90.3M.
Triple Frond Partners first reported a position in SBA Communications in Q4 2015 and held it in 13 quarters.
Triple Frond Partners's SBA Communications position peaked at $119M in Q3 2017.
534 funds tracked by Wall St. Rank held SBA Communications as of Q1 2019.

Based on Triple Frond Partners's 13F filing for Q1 2019, filed 10 May 2019.