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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
BNP Paribas Financial Markets
51
BNP Paribas Financial Markets
France
$45.2M +$12.4M +65,986 +34%
California Public Employees Retirement System
52
California Public Employees Retirement System
California
$42.1M -$5.77M -30,797 -11%
Mitsubishi UFJ Asset Management
53
Mitsubishi UFJ Asset Management
Japan
$41.1M +$2.38M +12,693 +6%
RhumbLine Advisers
54
RhumbLine Advisers
Massachusetts
$40.7M -$480K -2,562 -1%
N
55
Nuveen
North Carolina
$40.4M -$61.1M -326,287 -58%
VGA
56
Vanguard Global Advisers
Pennsylvania
$40.1M +$43.7M +233,149 New
Neuberger Berman Group
57
Neuberger Berman Group
New York
$38.9M -$9.82M -52,406 -19%
QCM
58
Quantinno Capital Management
New York
$38.8M -$21.7M -115,729 -34%
Aberdeen Group
59
Aberdeen Group
United Kingdom
$36.2M +$1.52M +8,117 +4%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
60
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$36M +$12.2M +65,078 +45%
Sumitomo Mitsui Trust Group
61
Sumitomo Mitsui Trust Group
Japan
$34.8M -$2.44M -13,037 -6%
Citigroup
62
Citigroup
New York
$34.7M +$22.6M +120,537 +149%
ClearBridge Investments
63
ClearBridge Investments
New York
$34.3M -$34.7M -184,976 -48%
GA
64
GRS Advisors
Illinois
$34.3M -$12.1M -64,829 -25%
VAM
65
Vanguard Asset Management
$31.8M +$34.6M +184,498 New
HSBC Holdings
66
HSBC Holdings
United Kingdom
$30.3M -$585K -3,123 -2%
BFM
67
Boothbay Fund Management
New York
$29.6M -$1.83M -9,769 -5%
California State Teachers Retirement System (CalSTRS)
68
California State Teachers Retirement System (CalSTRS)
California
$29.3M -$973K -5,190 -3%
Tudor Investment Corp
69
Tudor Investment Corp
Connecticut
$27.6M +$30M +160,101 New
Caisse de Depot et Placement du Quebec (CDPQ)
70
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$27.3M +$501K +2,674 +2%
T. Rowe Price Associates
71
T. Rowe Price Associates
Maryland
$26.8M -$25.3M -135,167 -46%
AQR Capital Management
72
AQR Capital Management
Connecticut
$26.1M -$39.2M -209,075 -58%
Canada Life
73
Canada Life
Manitoba, Canada
$25.3M -$778K -4,150 -3%
Millennium Management
74
Millennium Management
New York
$25M -$125M -666,536 -82%
Principal Financial Group
75
Principal Financial Group
Iowa
$24.1M -$3.65M -19,483 -12%
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3
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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.