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SBA Communications

670 hedge funds and large institutions have $23.5B invested in SBA Communications in 2023 Q2 according to their latest regulatory filings, with 61 funds opening new positions, 266 increasing their positions, 245 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more call options, than puts

Call options by funds: $81.7M | Put options by funds: $52.7M

9% more repeat investments, than reductions

Existing positions increased: 266 | Existing positions reduced: 245

0.66% less ownership

Funds ownership: 94.25%93.59% (-0.66%)

3% less funds holding

Funds holding: 689670 (-19)

7% less funds holding in top 10

Funds holding in top 10: 1514 (-1)

12% less capital invested

Capital invested by funds: $26.6B → $23.5B (-$3.11B)

19% less first-time investments, than exits

New positions opened: 61 | Existing positions closed: 75

Holders
670
Holders Change
-19
Holders Change %
-2.76%
% of All Funds
10.52%
Holding in Top 10
14
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-6.67%
% of All Funds
0.22%
New
61
Increased
266
Reduced
245
Closed
75
Calls
$81.7M
Puts
$52.7M
Net Calls
+$29.1M
Net Calls Change
-$7.57M
Name Holding Trade Value Shares
Change
Change in
Stake
Franklin Resources
26
Franklin Resources
California
$191M -$161M -672,689 -45%
UBS AM
27
UBS AM
Illinois
$189M
Parnassus Investments
28
Parnassus Investments
California
$179M +$20.1M +83,841 +12%
Diamond Hill Capital Management
29
Diamond Hill Capital Management
Ohio
$178M +$45.2M +189,017 +33%
Bank of New York Mellon
30
Bank of New York Mellon
New York
$176M -$3.58M -14,952 -2%
AllianceBernstein
31
AllianceBernstein
Tennessee
$173M +$46.4M +193,815 +35%
Ameriprise
32
Ameriprise
Minnesota
$146M -$3.55M -14,862 -2%
PC
33
Permit Capital
Pennsylvania
$143M
CIM
34
Centersquare Investment Management
Pennsylvania
$133M +$43.4M +181,620 +46%
D.E. Shaw & Co
35
D.E. Shaw & Co
New York
$126M +$68.1M +284,737 +109%
EARNEST Partners
36
EARNEST Partners
Georgia
$118M +$41.8M +174,603 +52%
California Public Employees Retirement System
37
California Public Employees Retirement System
California
$117M -$652K -2,727 -0.5%
BAMCO Inc
38
BAMCO Inc
New York
$116M -$14.8M -61,801 -11%
Two Sigma Investments
39
Two Sigma Investments
New York
$113M +$70.2M +293,318 +152%
Neuberger Berman Group
40
Neuberger Berman Group
New York
$112M -$27.3M -114,107 -19%
EAM
41
Eagle Asset Management
Florida
$111M -$17.7M -74,110 -13%
Citadel Advisors
42
Citadel Advisors
Florida
$109M +$38.6M +161,276 +52%
Canada Pension Plan Investment Board
43
Canada Pension Plan Investment Board
Ontario, Canada
$102M +$1.34M +5,600 +1%
Thrivent Financial for Lutherans
44
Thrivent Financial for Lutherans
Minnesota
$100M +$21M +87,976 +25%
Alyeska Investment Group
45
Alyeska Investment Group
Illinois
$94.1M +$23.5M +98,412 +32%
CI Investments Inc
46
CI Investments Inc
Ontario, Canada
$91.1M -$964K -4,032 -1%
Swiss National Bank
47
Swiss National Bank
Switzerland
$90.7M -$8.87M -37,100 -9%
Two Sigma Advisers
48
Two Sigma Advisers
New York
$89.1M +$35.2M +147,100 +62%
SEI Investments
49
SEI Investments
Pennsylvania
$88.9M +$15.4M +64,266 +20%
ClearBridge Investments
50
ClearBridge Investments
New York
$87.3M +$6.47M +27,040 +8%

SBAC Hedge Fund Activity: Q2 2023 in Review

670 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q2 2023, worth a combined $23.5B — down 12% from $26.6B a quarter earlier.

Sellers outnumbered buyers: 75 funds closed out of SBAC and 61 opened new positions — a net loss of 14 holders — while 245 trimmed existing stakes and 266 added.

The largest buyer was Brown Advisory, adding an estimated $152M. The largest seller was Capital Research Global Investors, cutting an estimated $208M.

  • 670 institutional investors held SBA Communications (SBAC) as of Q2 2023, down from 689 in Q1 2023.
  • Funds reported $23.5B of SBA Communications stock for Q2 2023, down 12% quarter-over-quarter.
  • 61 funds opened new SBA Communications positions in Q2 2023 and 75 closed out, a net change of -14 holders.
  • The largest SBA Communications buyer in Q2 2023 was Brown Advisory, an estimated $152M added.
  • The largest SBA Communications seller in Q2 2023 was Capital Research Global Investors, an estimated $208M sold.

Based on aggregated 13F filings for Q2 2023.