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SBA Communications
SBAC

665 hedge funds and large institutions have $17.6B invested in SBA Communications in 2026 Q1 according to their latest regulatory filings, with 95 funds opening new positions, 217 increasing their positions, 264 reducing their positions, and 101 closing their positions.

New
Increased
Maintained
Reduced
Closed

359% more call options, than puts

Call options by funds: $105M | Put options by funds: $22.9M

0% more funds holding in top 10

Funds holding in top 10: 7 → 7 (0)

0.04% less ownership

Funds ownership: 96.92% → 96.88% (-0.04%)

6% less first-time investments, than exits

New positions opened: 95 | Existing positions closed: 101

2% less funds holding

Funds holding: 682 → 665 (-17)

12% less capital invested

Capital invested by funds: $20B → $17.6B (-$2.33B)

18% less repeat investments, than reductions

Existing positions increased: 217 | Existing positions reduced: 264

Holders
665
Holders Change
-17
Holders Change %
-2.49%
% of All Funds
8.18%
Holding in Top 10
7
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.09%
New
95
Increased
217
Reduced
264
Closed
101
Calls
$105M
Puts
$22.9M
Net Calls
+$82.1M
Net Calls Change
+$76.3M

Top Buyers

1
AIP
Atlas Infrastructure Partners
United Kingdom
+$194M
2
UBS AM
UBS AM
Illinois
+$173M
3
WP
Woodline Partners
California
+$143M
4
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$104M
5
Arrowstreet Capital
Arrowstreet Capital
Massachusetts
+$97.9M

Top Sellers

1
Deutsche Bank
Deutsche Bank
Germany
-$208M
2
Millennium Management
Millennium Management
New York
-$125M
3
JP Morgan Chase
JP Morgan Chase
New York
-$114M
4
N
Nuveen
North Carolina
-$61.1M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$59.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
FHC
626
First Horizon Corporation
Tennessee
$1.72K – – –
CA
627
CoreCap Advisors
Michigan
$1.72K +$1.12K +6 +150%
GSEP
628
Golden State Equity Partners
California
$1.72K +$1.87K +10 New
RCM
629
Raleigh Capital Management
North Carolina
$1.72K +$1.87K +10 New
SC
630
SouthState Corp
Florida
$1.55K -$2.44K -13 -59%
WA
631
WPG Advisers
Maryland
$1.55K -$750 -4 -31%
FCAS
632
First Command Advisory Services
Texas
$1.38K – – –
HPBT
633
Hickory Point Bank & Trust
Illinois
$1.38K +$1.5K +8 New
GSWM
634
Golden State Wealth Management
California
$1.22K – – –
SWM
635
Spire Wealth Management
Virginia
$1.21K -$4.31K -23 -77%
AT
636
Arlington Trust
Alabama
$1.21K +$1.31K +7 New
IAIM
637
International Assets Investment Management
Florida
$1.2K -$1.5K -8 -53%
DJSG
638
D.J. St. Germain
Massachusetts
$1.03K – – –
HWP
639
Highline Wealth Partners
California
$1.03K +$1.12K +6 New
DF
640
Dunhill Financial
United Kingdom
$966 -$375 -2 -29%
SWM
641
SHP Wealth Management
Massachusetts
$860 +$937 +5 New
ACA
642
American Capital Advisory
Idaho
$689 +$187 +1 +33%
PWMG
643
Private Wealth Management Group
New Jersey
$689 +$750 +4 New
AWM
644
Activest Wealth Management
Florida
$688 -$3K -16 -80%
CIAM
645
Caitong International Asset Management
Hong Kong
$688 +$750 +4 New
BCWM
646
Bartlett & Co Wealth Management
Ohio
$654 -$3.19K -17 -85%
SWA
647
SOA Wealth Advisors
New York
$557 – – –
AA
648
Addison Advisors
Vermont
$517 +$562 +3 New
FC
649
Financial Consulate
Maryland
$517 +$562 +3 New
AIS
650
Advocate Investing Services
Maryland
$516 – – –
24 25
26
27 28

SBAC Hedge Fund Activity: Q1 2026 in Review

665 of the 8,126 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q1 2026, worth a combined $17.6B — down 12% from $20B a quarter earlier.

Sellers outnumbered buyers: 101 funds closed out of SBAC and 95 opened new positions — a net loss of 6 holders — while 264 trimmed existing stakes and 217 added.

The largest buyer was Atlas Infrastructure Partners, opening a new position worth an estimated $194M. The largest seller was Deutsche Bank, cutting an estimated $208M.

  • 665 institutional investors held SBA Communications (SBAC) as of Q1 2026, down from 682 in Q4 2025.
  • Funds reported $17.6B of SBA Communications stock for Q1 2026, down 12% quarter-over-quarter.
  • 95 funds opened new SBA Communications positions in Q1 2026 and 101 closed out, a net change of -6 holders.
  • The largest SBA Communications buyer in Q1 2026 was Atlas Infrastructure Partners, an estimated $194M added.
  • The largest SBA Communications seller in Q1 2026 was Deutsche Bank, an estimated $208M sold.

Based on aggregated 13F filings for Q1 2026.