SBA Communications
SBAC
606 hedge funds and large institutions have $28.5B invested in SBA Communications in 2021 Q1 according to their latest regulatory filings, with 61 funds opening new positions, 240 increasing their positions, 217 reducing their positions, and 93 closing their positions.
17% more funds holding in top 10
Funds holding in top 10: 12 → 14 (+2)
11% more repeat investments, than reductions
Existing positions increased: 240 | Existing positions reduced: 217
0.61% more ownership
Funds ownership: 93.46% → 94.07% (+0.61%)
3% less capital invested
Capital invested by funds: $29.3B → $28.5B (-$833M)
6% less funds holding
Funds holding: 642 → 606 (-36)
34% less first-time investments, than exits
New positions opened: 61 | Existing positions closed: 93
63% less call options, than puts
Call options by funds: $24.3M | Put options by funds: $65.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$253M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$179M |
| 3 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
+$155M |
| 4 |
Citigroup
New York
|
+$144M |
| 5 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$118M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$318M |
| 2 |
BlackRock
New York
|
-$243M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$97.7M |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$95.7M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$93.4M |
SBAC Hedge Fund Activity: Q1 2021 in Review
606 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q1 2021, worth a combined $28.5B — down 2.8% from $29.3B a quarter earlier.
Sellers outnumbered buyers: 93 funds closed out of SBAC and 61 opened new positions — a net loss of 32 holders — while 217 trimmed existing stakes and 240 added.
The largest buyer was Cohen & Steers, adding an estimated $253M. The largest seller was Invesco, cutting an estimated $318M.
- 606 institutional investors held SBA Communications (SBAC) as of Q1 2021, down from 642 in Q4 2020.
- Funds reported $28.5B of SBA Communications stock for Q1 2021, down 2.8% quarter-over-quarter.
- 61 funds opened new SBA Communications positions in Q1 2021 and 93 closed out, a net change of -32 holders.
- The largest SBA Communications buyer in Q1 2021 was Cohen & Steers, an estimated $253M added.
- The largest SBA Communications seller in Q1 2021 was Invesco, an estimated $318M sold.
Based on aggregated 13F filings for Q1 2021.