SBA Communications
SBAC
642 hedge funds and large institutions have $29.3B invested in SBA Communications in 2020 Q4 according to their latest regulatory filings, with 87 funds opening new positions, 222 increasing their positions, 230 reducing their positions, and 70 closing their positions.
24% more first-time investments, than exits
New positions opened: 87 | Existing positions closed: 70
22% more call options, than puts
Call options by funds: $45.7M | Put options by funds: $37.6M
2% more funds holding
Funds holding: 631 → 642 (+11)
0.6% less ownership
Funds ownership: 94.06% → 93.46% (-0.6%)
3% less repeat investments, than reductions
Existing positions increased: 222 | Existing positions reduced: 230
8% less funds holding in top 10
Funds holding in top 10: 13 → 12 (-1)
12% less capital invested
Capital invested by funds: $33.4B → $29.3B (-$4.11B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CTA
Carillon Tower Advisers
St. Petersburg,
Florida
|
+$121M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$115M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$83.4M |
| 4 |
ZP
Zimmer Partners
New York
|
+$80.7M |
| 5 |
Capital Research Global Investors
Los Angeles,
California
|
+$80.2M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
-$267M |
| 2 |
UBS AM
Chicago,
Illinois
|
-$115M |
| 3 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$106M |
| 4 |
BlackRock
New York
|
-$98.1M |
| 5 |
MCM
Melvin Capital Management
New York
|
-$95.5M |
SBAC Hedge Fund Activity: Q4 2020 in Review
642 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q4 2020, worth a combined $29.3B — down 12% from $33.4B a quarter earlier.
Buyers outnumbered sellers: 87 funds opened new SBAC positions and 70 closed out — a net gain of 17 holders — while 222 added to existing stakes and 230 trimmed.
The largest buyer was Carillon Tower Advisers, opening a new position worth an estimated $121M. The largest seller was American Century Companies, cutting an estimated $267M.
- 642 institutional investors held SBA Communications (SBAC) as of Q4 2020, up from 631 in Q3 2020.
- Funds reported $29.3B of SBA Communications stock for Q4 2020, down 12% quarter-over-quarter.
- 87 funds opened new SBA Communications positions in Q4 2020 and 70 closed out, a net change of +17 holders.
- The largest SBA Communications buyer in Q4 2020 was Carillon Tower Advisers, an estimated $121M added.
- The largest SBA Communications seller in Q4 2020 was American Century Companies, an estimated $267M sold.
Based on aggregated 13F filings for Q4 2020.