SBA Communications
SBAC
408 hedge funds and large institutions have $12.6B invested in SBA Communications in 2015 Q3 according to their latest regulatory filings, with 47 funds opening new positions, 162 increasing their positions, 146 reducing their positions, and 27 closing their positions.
1,156% more call options, than puts
Call options by funds: $94M | Put options by funds: $7.49M
74% more first-time investments, than exits
New positions opened: 47 | Existing positions closed: 27
11% more repeat investments, than reductions
Existing positions increased: 162 | Existing positions reduced: 146
10% more funds holding in top 10
Funds holding in top 10: 20 → 22 (+2)
5% more funds holding
Funds holding: 390 → 408 (+18)
9% less capital invested
Capital invested by funds: $14B → $12.6B (-$1.32B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$116M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$102M |
| 3 |
EPCM
Eton Park Capital Management
New York
|
+$90.5M |
| 4 |
Wellington Management Group
Boston,
Massachusetts
|
+$79.6M |
| 5 |
Principal Financial Group
Des Moines,
Iowa
|
+$59.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
William Blair & Company
Chicago,
Illinois
|
-$241M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$236M |
| 3 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
-$208M |
| 4 |
JP Morgan Chase
New York
|
-$112M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$54.7M |
SBAC Hedge Fund Activity: Q3 2015 in Review
408 of the 3,582 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q3 2015, worth a combined $12.6B — down 9.5% from $14B a quarter earlier.
Buyers outnumbered sellers: 47 funds opened new SBAC positions and 27 closed out — a net gain of 20 holders — while 162 added to existing stakes and 146 trimmed.
The largest buyer was Bank of America, adding an estimated $116M. The largest seller was William Blair & Company, cutting an estimated $241M.
- 408 institutional investors held SBA Communications (SBAC) as of Q3 2015, up from 390 in Q2 2015.
- Funds reported $12.6B of SBA Communications stock for Q3 2015, down 9.5% quarter-over-quarter.
- 47 funds opened new SBA Communications positions in Q3 2015 and 27 closed out, a net change of +20 holders.
- The largest SBA Communications buyer in Q3 2015 was Bank of America, an estimated $116M added.
- The largest SBA Communications seller in Q3 2015 was William Blair & Company, an estimated $241M sold.
Based on aggregated 13F filings for Q3 2015.