SBA Communications
SBAC
606 hedge funds and large institutions have $28.6B invested in SBA Communications in 2020 Q1 according to their latest regulatory filings, with 102 funds opening new positions, 201 increasing their positions, 224 reducing their positions, and 73 closing their positions.
82% more funds holding in top 10
Funds holding in top 10: 11 → 20 (+9)
40% more first-time investments, than exits
New positions opened: 102 | Existing positions closed: 73
14% more capital invested
Capital invested by funds: $25.2B → $28.6B (+$3.42B)
11% more call options, than puts
Call options by funds: $52.3M | Put options by funds: $47.1M
4% more funds holding
Funds holding: 584 → 606 (+22)
1.72% more ownership
Funds ownership: 93.05% → 94.77% (+1.7%)
10% less repeat investments, than reductions
Existing positions increased: 201 | Existing positions reduced: 224
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Capital Research Global Investors
Los Angeles,
California
|
+$534M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$147M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$127M |
| 4 |
JP Morgan Chase
New York
|
+$69.8M |
| 5 |
Sumitomo Mitsui Trust Group
Minato-Ku, Tokyo,
Japan
|
+$69.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
-$202M |
| 2 |
Mitsubishi UFJ Trust & Banking
Tokyo,
Japan
|
-$189M |
| 3 |
Two Sigma Investments
New York
|
-$83.1M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$81.7M |
| 5 |
APG Asset Management
Amsterdam,
Netherlands
|
-$69.6M |
SBAC Hedge Fund Activity: Q1 2020 in Review
606 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q1 2020, worth a combined $28.6B — up 14% from $25.2B a quarter earlier.
Buyers outnumbered sellers: 102 funds opened new SBAC positions and 73 closed out — a net gain of 29 holders — while 201 added to existing stakes and 224 trimmed.
The largest buyer was Capital Research Global Investors, adding an estimated $534M. The largest seller was Invesco, cutting an estimated $202M.
- 606 institutional investors held SBA Communications (SBAC) as of Q1 2020, up from 584 in Q4 2019.
- Funds reported $28.6B of SBA Communications stock for Q1 2020, up 14% quarter-over-quarter.
- 102 funds opened new SBA Communications positions in Q1 2020 and 73 closed out, a net change of +29 holders.
- The largest SBA Communications buyer in Q1 2020 was Capital Research Global Investors, an estimated $534M added.
- The largest SBA Communications seller in Q1 2020 was Invesco, an estimated $202M sold.
Based on aggregated 13F filings for Q1 2020.