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SBA Communications
SBAC

414 hedge funds and large institutions have $15.1B invested in SBA Communications in 2017 Q2 according to their latest regulatory filings, with 65 funds opening new positions, 141 increasing their positions, 147 reducing their positions, and 36 closing their positions.

New
Increased
Maintained
Reduced
Closed

81% more first-time investments, than exits

New positions opened: 65 | Existing positions closed: 36

28% more call options, than puts

Call options by funds: $55.9M | Put options by funds: $43.8M

9% more capital invested

Capital invested by funds: $13.9B → $15.1B (+$1.21B)

7% more funds holding

Funds holding: 386 → 414 (+28)

4% less repeat investments, than reductions

Existing positions increased: 141 | Existing positions reduced: 147

3.11% less ownership

Funds ownership: 95.35% → 92.23% (-3.1%)

12% less funds holding in top 10

Funds holding in top 10: 25 → 22 (-3)

Holders
414
Holders Change
+28
Holders Change %
+7.25%
% of All Funds
10.32%
Holding in Top 10
22
Holding in Top 10 Change
-3
Holding in Top 10 Change %
-12%
% of All Funds
0.55%
New
65
Increased
141
Reduced
147
Closed
36
Calls
$55.9M
Puts
$43.8M
Net Calls
+$12.1M
Net Calls Change
+$24.2M

Top Buyers

Rank Fund Capital Flow
1
IAM
Iridian Asset Management
Connecticut
+$161M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$149M
3
PC
PointState Capital
New York
+$144M
4
Victory Capital Management
Victory Capital Management
Texas
+$89.3M
5
American Century Companies
American Century Companies
Missouri
+$84.8M

Top Sellers

Rank Fund Capital Flow
1
SCP
Soroban Capital Partners
New York
-$175M
2
Citadel Advisors
Citadel Advisors
Florida
-$148M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$145M
4
BlackRock
BlackRock
New York
-$130M
5
SIG
Senator Investment Group
New York
-$127M
Name Holding Trade Value Shares
Change 		Change in
Stake
TAM
226
Tealwood Asset Management
Minnesota
$1.63M +$4.55K +35 +0.3%
DnB Asset Management
227
DnB Asset Management
Norway
$1.62M -$65K -500 -4%
DILIC
228
Dai-ichi Life Insurance Company
Japan
$1.57M +$1.22M +9,382 +412%
QT
229
Quantbot Technologies
New York
$1.55M +$1.22M +9,410 +456%
GIM
230
Grassi Investment Management
California
$1.45M +$257K +1,975 +22%
GC
231
Guggenheim Capital
Illinois
$1.41M -$1.52M -11,732 -53%
ONB
232
Old National Bancorp
Indiana
$1.4M -$131K -1,009 -9%
QI
233
QS Investors
New York
$1.35M +$103K +795 +9%
PNC Financial Services Group
234
PNC Financial Services Group
Pennsylvania
$1.25M -$88.1K -678 -7%
SMDAM
235
Sumitomo Mitsui DS Asset Management
Japan
$1.24M -$6.76K -52 -0.6%
AA
236
Apriem Advisors
California
$1.21M +$1.17M +9,000 New
AC
237
Avenir Corporation
Virginia
$1.19M – – –
AAF
238
Andra AP-fonden
Sweden
$1.17M -$2.01M -15,500 -64%
MLICM
239
Metropolitan Life Insurance Company (MetLife)
New York
$1.16M +$241K +1,858 +28%
AIG
240
American International Group
New York
$1.16M -$12.6K -97 -1%
AIA
241
Avalon Investment & Advisory
Texas
$1.14M +$1.1M +8,466 New
Nisa Investment Advisors
242
Nisa Investment Advisors
Missouri
$1.11M – – –
PP
243
Paloma Partners
Connecticut
$1.1M -$744K -5,724 -41%
TAF
244
Tredje AP-fonden
Sweden
$1.09M +$678K +5,217 +184%
M&T Bank
245
M&T Bank
New York
$1.05M -$74.6K -574 -7%
SAM
246
Shell Asset Management
Netherlands
$1.05M -$164K -1,262 -14%
ECM
247
ETrade Capital Management
Virginia
$1.03M +$996K +7,663 New
VI
248
Versor Investments
New York
$1.02M +$984K +7,572 New
GLRA
249
Gerald L. Ray & Associates
Texas
$1.02M – – –
Envestnet Asset Management
250
Envestnet Asset Management
Illinois
$1.01M -$71.6K -551 -7%
8 9
10
11 12

SBAC Hedge Fund Activity: Q2 2017 in Review

414 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q2 2017, worth a combined $15.1B — up 8.7% from $13.9B a quarter earlier.

Buyers outnumbered sellers: 65 funds opened new SBAC positions and 36 closed out — a net gain of 29 holders — while 141 added to existing stakes and 147 trimmed.

The largest buyer was Iridian Asset Management, adding an estimated $161M. The largest seller was Soroban Capital Partners, cutting an estimated $175M.

  • 414 institutional investors held SBA Communications (SBAC) as of Q2 2017, up from 386 in Q1 2017.
  • Funds reported $15.1B of SBA Communications stock for Q2 2017, up 8.7% quarter-over-quarter.
  • 65 funds opened new SBA Communications positions in Q2 2017 and 36 closed out, a net change of +29 holders.
  • The largest SBA Communications buyer in Q2 2017 was Iridian Asset Management, an estimated $161M added.
  • The largest SBA Communications seller in Q2 2017 was Soroban Capital Partners, an estimated $175M sold.

Based on aggregated 13F filings for Q2 2017.