SBA Communications
SBAC
692 hedge funds and large institutions have $23.4B invested in SBA Communications in 2025 Q1 according to their latest regulatory filings, with 104 funds opening new positions, 262 increasing their positions, 247 reducing their positions, and 67 closing their positions.
55% more first-time investments, than exits
New positions opened: 104 | Existing positions closed: 67
50% more funds holding in top 10
Funds holding in top 10: 6 → 9 (+3)
48% more call options, than puts
Call options by funds: $45.2M | Put options by funds: $30.5M
8% more capital invested
Capital invested by funds: $21.6B → $23.4B (+$1.83B)
4% more funds holding
Funds holding: 667 → 692 (+25)
6% more repeat investments, than reductions
Existing positions increased: 262 | Existing positions reduced: 247
0.34% more ownership
Funds ownership: 98.5% → 98.85% (+0.34%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$359M |
| 2 |
Dodge & Cox
San Francisco,
California
|
+$238M |
| 3 |
RIM
Rush Island Management
New York
|
+$115M |
| 4 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$67.2M |
| 5 |
WP
Woodline Partners
San Francisco,
California
|
+$62.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$234M |
| 2 |
VGM
Voyager Global Management
New York
|
-$95.8M |
| 3 |
Principal Financial Group
Des Moines,
Iowa
|
-$90.4M |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$66.9M |
| 5 |
Mitsubishi UFJ Trust & Banking
Tokyo,
Japan
|
-$64.4M |
SBAC Hedge Fund Activity: Q1 2025 in Review
692 of the 7,459 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q1 2025, worth a combined $23.4B — up 8.5% from $21.6B a quarter earlier.
Buyers outnumbered sellers: 104 funds opened new SBAC positions and 67 closed out — a net gain of 37 holders — while 262 added to existing stakes and 247 trimmed.
The largest buyer was JP Morgan Chase, adding an estimated $359M. The largest seller was Deutsche Bank, cutting an estimated $234M.
- 692 institutional investors held SBA Communications (SBAC) as of Q1 2025, up from 667 in Q4 2024.
- Funds reported $23.4B of SBA Communications stock for Q1 2025, up 8.5% quarter-over-quarter.
- 104 funds opened new SBA Communications positions in Q1 2025 and 67 closed out, a net change of +37 holders.
- The largest SBA Communications buyer in Q1 2025 was JP Morgan Chase, an estimated $359M added.
- The largest SBA Communications seller in Q1 2025 was Deutsche Bank, an estimated $234M sold.
Based on aggregated 13F filings for Q1 2025.