SBA Communications
SBAC
702 hedge funds and large institutions have $27.1B invested in SBA Communications in 2023 Q4 according to their latest regulatory filings, with 130 funds opening new positions, 252 increasing their positions, 239 reducing their positions, and 53 closing their positions.
145% more first-time investments, than exits
New positions opened: 130 | Existing positions closed: 53
33% more funds holding in top 10
Funds holding in top 10: 9 → 12 (+3)
31% more capital invested
Capital invested by funds: $20.7B → $27.1B (+$6.49B)
11% more funds holding
Funds holding: 634 → 702 (+68)
4.32% more ownership
Funds ownership: 94.94% → 99.26% (+4.3%)
6% more call options, than puts
Call options by funds: $55.6M | Put options by funds: $52.5M
5% more repeat investments, than reductions
Existing positions increased: 252 | Existing positions reduced: 239
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$405M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$301M |
| 3 |
Millennium Management
New York
|
+$150M |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$87.1M |
| 5 |
DG
DigitalBridge Group
Boca Raton,
Florida
|
+$67.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$391M |
| 2 |
VGM
Voyager Global Management
New York
|
-$110M |
| 3 |
Parnassus Investments
San Francisco,
California
|
-$57.7M |
| 4 |
UBS AM
Chicago,
Illinois
|
-$54.5M |
| 5 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
-$53.1M |
SBAC Hedge Fund Activity: Q4 2023 in Review
702 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q4 2023, worth a combined $27.1B — up 31% from $20.7B a quarter earlier.
Buyers outnumbered sellers: 130 funds opened new SBAC positions and 53 closed out — a net gain of 77 holders — while 252 added to existing stakes and 239 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $405M. The largest seller was Cohen & Steers, cutting an estimated $391M.
- 702 institutional investors held SBA Communications (SBAC) as of Q4 2023, up from 634 in Q3 2023.
- Funds reported $27.1B of SBA Communications stock for Q4 2023, up 31% quarter-over-quarter.
- 130 funds opened new SBA Communications positions in Q4 2023 and 53 closed out, a net change of +77 holders.
- The largest SBA Communications buyer in Q4 2023 was Morgan Stanley, an estimated $405M added.
- The largest SBA Communications seller in Q4 2023 was Cohen & Steers, an estimated $391M sold.
Based on aggregated 13F filings for Q4 2023.