SBA Communications
SBAC
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.
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: 689 → 670 (-19)
7% less funds holding in top 10
Funds holding in top 10: 15 → 14 (-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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Brown Advisory
Baltimore,
Maryland
|
+$152M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$77.6M |
| 3 |
Two Sigma Investments
New York
|
+$70.2M |
| 4 |
D.E. Shaw & Co
New York
|
+$68.1M |
| 5 |
VGM
Voyager Global Management
New York
|
+$55M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
-$208M |
| 2 |
Franklin Resources
San Mateo,
California
|
-$161M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$157M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$149M |
| 5 |
BlackRock
New York
|
-$59.7M |
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.