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SBA Communications
SBAC

516 hedge funds and large institutions have $17.7B invested in SBA Communications in 2017 Q4 according to their latest regulatory filings, with 101 funds opening new positions, 170 increasing their positions, 182 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

166% more first-time investments, than exits

New positions opened: 101 | Existing positions closed: 38

13% more funds holding

Funds holding: 458 → 516 (+58)

9% more capital invested

Capital invested by funds: $16.2B → $17.7B (+$1.46B)

0% more funds holding in top 10

Funds holding in top 10: 23 → 23 (0)

7% less repeat investments, than reductions

Existing positions increased: 170 | Existing positions reduced: 182

1.25% less ownership

Funds ownership: 93.52% → 92.27% (-1.2%)

14% less call options, than puts

Call options by funds: $41.5M | Put options by funds: $48.5M

Holders
516
Holders Change
+58
Holders Change %
+12.66%
% of All Funds
11.7%
Holding in Top 10
23
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.52%
New
101
Increased
170
Reduced
182
Closed
38
Calls
$41.5M
Puts
$48.5M
Net Calls
-$7.01M
Net Calls Change
+$4.88M

Top Buyers

Rank Fund Capital Flow
1
BC
Brookfield Corp
Ontario, Canada
+$150M
2
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$137M
3
Renaissance Technologies
Renaissance Technologies
New York
+$118M
4
Janus Henderson Group
Janus Henderson Group
United Kingdom
+$108M
5
Norges Bank
Norges Bank
Norway
+$87.5M

Top Sellers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$317M
2
William Blair Investment Management
William Blair Investment Management
Illinois
-$258M
3
SCP
Soroban Capital Partners
New York
-$134M
4
MG
Meritage Group
California
-$115M
5
SIG
Senator Investment Group
New York
-$90M
Name Holding Trade Value Shares
Change 		Change in
Stake
D.E. Shaw & Co
51
D.E. Shaw & Co
New York
$81.1M -$1.82M -11,444 -2%
Neuberger Berman Group
52
Neuberger Berman Group
New York
$78.1M -$676K -4,255 -0.9%
Charles Schwab
53
Charles Schwab
California
$73.6M +$747K +4,702 +1%
Fidelity Investments
54
Fidelity Investments
Massachusetts
$72.8M -$66.7M -419,768 -48%
Adage Capital Partners
55
Adage Capital Partners
Massachusetts
$72.6M +$3.46M +21,800 +5%
Swiss National Bank
56
Swiss National Bank
Switzerland
$72.5M -$445K -2,800 -0.6%
PPA
57
Parametric Portfolio Associates
Washington
$71.9M +$5.2M +32,752 +8%
SCP
58
Soroban Capital Partners
New York
$70.2M -$134M -843,173 -66%
FAM
59
Foxhaven Asset Management
Virginia
$68.9M – – –
EAM
60
Eagle Asset Management
Florida
$65.4M +$4.61M +28,992 +8%
UBS AM
61
UBS AM
Illinois
$63.4M +$2.9M +18,227 +5%
New York State Common Retirement Fund
62
New York State Common Retirement Fund
New York
$57.5M -$2.22M -13,981 -4%
GC
63
Guggenheim Capital
Illinois
$56.6M +$23.4M +147,467 +74%
Arrowstreet Capital
64
Arrowstreet Capital
Massachusetts
$54.6M +$53.1M +334,400 New
Sumitomo Mitsui Trust Group
65
Sumitomo Mitsui Trust Group
Japan
$54.1M +$2.64M +16,597 +5%
RC
66
Rivulet Capital
New Jersey
$51.8M +$50.4M +317,100 New
Fidelity International
67
Fidelity International
Bermuda
$47.9M -$11.5M -72,487 -20%
MNG
68
Manning & Napier Group
New York
$45.9M +$44.6M +280,806 New
California Public Employees Retirement System
69
California Public Employees Retirement System
California
$44.9M +$2.13M +13,416 +5%
RhumbLine Advisers
70
RhumbLine Advisers
Massachusetts
$42.4M +$394K +2,480 +1%
Mitsubishi UFJ Trust & Banking
71
Mitsubishi UFJ Trust & Banking
Japan
$42.1M +$29.4K +185 +0.1%
CIBC Private Wealth Group
72
CIBC Private Wealth Group
Georgia
$40.6M -$195K -1,230 -0.5%
FAM
73
Fred Alger Management
New York
$40.2M +$20.3M +127,515 +107%
MRCP
74
Manor Road Capital Partners
New York
$39.2M -$23M -145,000 -38%
EARNEST Partners
75
EARNEST Partners
Georgia
$36.8M -$65.2M -410,360 -65%
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SBAC Hedge Fund Activity: Q4 2017 in Review

516 of the 4,409 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q4 2017, worth a combined $17.7B — up 9% from $16.2B a quarter earlier.

Buyers outnumbered sellers: 101 funds opened new SBAC positions and 38 closed out — a net gain of 63 holders — while 170 added to existing stakes and 182 trimmed.

The largest buyer was Brookfield Corp, opening a new position worth an estimated $150M. The largest seller was T. Rowe Price Associates, cutting an estimated $317M.

  • 516 institutional investors held SBA Communications (SBAC) as of Q4 2017, up from 458 in Q3 2017.
  • Funds reported $17.7B of SBA Communications stock for Q4 2017, up 9% quarter-over-quarter.
  • 101 funds opened new SBA Communications positions in Q4 2017 and 38 closed out, a net change of +63 holders.
  • The largest SBA Communications buyer in Q4 2017 was Brookfield Corp, an estimated $150M added.
  • The largest SBA Communications seller in Q4 2017 was T. Rowe Price Associates, an estimated $317M sold.

Based on aggregated 13F filings for Q4 2017.