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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$161M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$149M |
| 3 |
PC
PointState Capital
New York
|
+$144M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$89.3M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
+$84.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
Soroban Capital Partners
New York
|
-$175M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$148M |
| 3 |
D.E. Shaw & Co
New York
|
-$145M |
| 4 |
BlackRock
New York
|
-$130M |
| 5 |
SIG
Senator Investment Group
New York
|
-$127M |
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.