SBA Communications
SBAC
384 hedge funds and large institutions have $12B invested in SBA Communications in 2016 Q1 according to their latest regulatory filings, with 55 funds opening new positions, 138 increasing their positions, 135 reducing their positions, and 70 closing their positions.
553% more call options, than puts
Call options by funds: $91M | Put options by funds: $13.9M
2% more repeat investments, than reductions
Existing positions increased: 138 | Existing positions reduced: 135
5% less funds holding
Funds holding: 403 → 384 (-19)
6% less capital invested
Capital invested by funds: $12.8B → $12B (-$728M)
20% less funds holding in top 10
Funds holding in top 10: 25 → 20 (-5)
21% less first-time investments, than exits
New positions opened: 55 | Existing positions closed: 70
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal London Asset Management
United Kingdom
|
+$279M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
+$276M |
| 3 |
MG
Meritage Group
San Francisco,
California
|
+$199M |
| 4 |
SA
SPO Advisory
San Anselmo,
California
|
+$177M |
| 5 |
SHCM
Sachem Head Capital Management
New York
|
+$138M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Winslow Capital Management
Minneapolis,
Minnesota
|
-$165M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$163M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
-$144M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$111M |
| 5 |
FAM
Fred Alger Management
New York
|
-$108M |
SBAC Hedge Fund Activity: Q1 2016 in Review
384 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q1 2016, worth a combined $12B — down 5.7% from $12.8B a quarter earlier.
Sellers outnumbered buyers: 70 funds closed out of SBAC and 55 opened new positions — a net loss of 15 holders — while 135 trimmed existing stakes and 138 added.
The largest buyer was Royal London Asset Management, adding an estimated $279M. The largest seller was Winslow Capital Management, cutting an estimated $165M.
- 384 institutional investors held SBA Communications (SBAC) as of Q1 2016, down from 403 in Q4 2015.
- Funds reported $12B of SBA Communications stock for Q1 2016, down 5.7% quarter-over-quarter.
- 55 funds opened new SBA Communications positions in Q1 2016 and 70 closed out, a net change of -15 holders.
- The largest SBA Communications buyer in Q1 2016 was Royal London Asset Management, an estimated $279M added.
- The largest SBA Communications seller in Q1 2016 was Winslow Capital Management, an estimated $165M sold.
Based on aggregated 13F filings for Q1 2016.