SBA Communications
SBAC
390 hedge funds and large institutions have $14B invested in SBA Communications in 2015 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 126 increasing their positions, 166 reducing their positions, and 56 closing their positions.
122% more call options, than puts
Call options by funds: $16.7M | Put options by funds: $7.51M
18% more funds holding in top 10
Funds holding in top 10: 17 → 20 (+3)
4% less capital invested
Capital invested by funds: $14.5B → $14B (-$566M)
4% less funds holding
Funds holding: 407 → 390 (-17)
24% less repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 166
29% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 56
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EPCM
Eton Park Capital Management
New York
|
+$147M |
| 2 |
FAM
Fred Alger Management
New York
|
+$106M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
+$102M |
| 4 |
DCP
Darsana Capital Partners
New York
|
+$93.9M |
| 5 |
UBS AM
Chicago,
Illinois
|
+$92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
-$220M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$142M |
| 3 |
CBOA
Commonwealth Bank of Australia
Sydney, NSW,
Australia
|
-$82.7M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$76.3M |
| 5 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$65.7M |
SBAC Hedge Fund Activity: Q2 2015 in Review
390 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q2 2015, worth a combined $14B — down 3.9% from $14.5B a quarter earlier.
Sellers outnumbered buyers: 56 funds closed out of SBAC and 40 opened new positions — a net loss of 16 holders — while 166 trimmed existing stakes and 126 added.
The largest buyer was Eton Park Capital Management, opening a new position worth an estimated $147M. The largest seller was Lone Pine Capital, cutting an estimated $220M.
- 390 institutional investors held SBA Communications (SBAC) as of Q2 2015, down from 407 in Q1 2015.
- Funds reported $14B of SBA Communications stock for Q2 2015, down 3.9% quarter-over-quarter.
- 40 funds opened new SBA Communications positions in Q2 2015 and 56 closed out, a net change of -16 holders.
- The largest SBA Communications buyer in Q2 2015 was Eton Park Capital Management, an estimated $147M added.
- The largest SBA Communications seller in Q2 2015 was Lone Pine Capital, an estimated $220M sold.
Based on aggregated 13F filings for Q2 2015.