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SBA Communications

495 hedge funds and large institutions have $18.1B invested in SBA Communications in 2018 Q2 according to their latest regulatory filings, with 43 funds opening new positions, 161 increasing their positions, 207 reducing their positions, and 71 closing their positions.

New
Increased
Maintained
Reduced
Closed

1.46% more ownership

Funds ownership: 94%95.46% (+1.5%)

0% more funds holding in top 10

Funds holding in top 10: 1717 (0)

3% less capital invested

Capital invested by funds: $18.7B → $18.1B (-$556M)

6% less funds holding

Funds holding: 526495 (-31)

22% less repeat investments, than reductions

Existing positions increased: 161 | Existing positions reduced: 207

30% less call options, than puts

Call options by funds: $107M | Put options by funds: $153M

39% less first-time investments, than exits

New positions opened: 43 | Existing positions closed: 71

Holders
495
Holders Change
-31
Holders Change %
-5.89%
% of All Funds
11.33%
Holding in Top 10
17
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.39%
New
43
Increased
161
Reduced
207
Closed
71
Calls
$107M
Puts
$153M
Net Calls
-$46.1M
Net Calls Change
-$52.2M
Name Holding Trade Value Shares
Change
Change in
Stake
IAM
26
Iridian Asset Management
Connecticut
$171M -$53.2M -329,405 -24%
SP
27
Stockbridge Partners
Massachusetts
$159M -$30.5M -188,905 -16%
Janus Henderson Group
28
Janus Henderson Group
United Kingdom
$157M -$33.2M -205,637 -18%
Legal & General Group
29
Legal & General Group
United Kingdom
$152M +$1.62M +10,046 +1%
FAM
30
Fred Alger Management
New York
$144M -$25.1M -155,749 -15%
JP Morgan Chase
31
JP Morgan Chase
New York
$143M +$23.4M +145,174 +20%
Bank of New York Mellon
32
Bank of New York Mellon
New York
$141M -$1.27M -7,848 -0.9%
Arrowstreet Capital
33
Arrowstreet Capital
Massachusetts
$136M +$31.9M +197,412 +32%
Morgan Stanley
34
Morgan Stanley
New York
$130M -$14.8M -91,569 -10%
ClearBridge Investments
35
ClearBridge Investments
New York
$118M +$8.16M +50,575 +8%
Capital Research Global Investors
36
Capital Research Global Investors
California
$114M +$111M +690,144 New
Two Sigma Investments
37
Two Sigma Investments
New York
$111M +$5.03M +31,181 +5%
TFP
38
Triple Frond Partners
California
$111M
Ameriprise
39
Ameriprise
Minnesota
$106M -$142M -878,496 -58%
Two Sigma Advisers
40
Two Sigma Advisers
New York
$105M +$35.5M +219,700 +53%
William Blair Investment Management
41
William Blair Investment Management
Illinois
$105M -$5.81M -36,017 -5%
EAM
42
Eagle Asset Management
Florida
$103M +$30.6M +189,616 +43%
PC
43
Permit Capital
Pennsylvania
$103M -$1.61M -10,000 -2%
Massachusetts Financial Services
44
Massachusetts Financial Services
Massachusetts
$103M -$104M -645,137 -51%
APG Asset Management
45
APG Asset Management
Netherlands
$102M -$887K -5,500 -0.8%
AllianceBernstein
46
AllianceBernstein
Tennessee
$98.8M -$5.33M -33,050 -5%
VOYA Investment Management
47
VOYA Investment Management
Georgia
$94.1M +$13.4M +83,060 +17%
FCIM
48
Fairview Capital Investment Management
California
$92.7M +$784K +4,860 +0.9%
Victory Capital Management
49
Victory Capital Management
Texas
$91.9M -$7.09M -43,961 -7%
TA
50
Teachers Advisors
New York
$87.8M -$1.01M -6,281 -1%

SBAC Hedge Fund Activity: Q2 2018 in Review

495 of the 4,369 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q2 2018, worth a combined $18.1B — down 3% from $18.7B a quarter earlier.

Sellers outnumbered buyers: 71 funds closed out of SBAC and 43 opened new positions — a net loss of 28 holders — while 207 trimmed existing stakes and 161 added.

The largest buyer was Vanguard Group, adding an estimated $496M. The largest seller was Goldman Sachs, cutting an estimated $173M.

  • 495 institutional investors held SBA Communications (SBAC) as of Q2 2018, down from 526 in Q1 2018.
  • Funds reported $18.1B of SBA Communications stock for Q2 2018, down 3% quarter-over-quarter.
  • 43 funds opened new SBA Communications positions in Q2 2018 and 71 closed out, a net change of -28 holders.
  • The largest SBA Communications buyer in Q2 2018 was Vanguard Group, an estimated $496M added.
  • The largest SBA Communications seller in Q2 2018 was Goldman Sachs, an estimated $173M sold.

Based on aggregated 13F filings for Q2 2018.