SBA Communications
SBAC
673 hedge funds and large institutions have $35.1B invested in SBA Communications in 2022 Q1 according to their latest regulatory filings, with 63 funds opening new positions, 244 increasing their positions, 253 reducing their positions, and 78 closing their positions.
23% more funds holding in top 10
Funds holding in top 10: 13 → 16 (+3)
0.17% less ownership
Funds ownership: 94.78% → 94.6% (-0.17%)
4% less repeat investments, than reductions
Existing positions increased: 244 | Existing positions reduced: 253
3% less funds holding
Funds holding: 696 → 673 (-23)
12% less capital invested
Capital invested by funds: $40B → $35.1B (-$4.94B)
19% less first-time investments, than exits
New positions opened: 63 | Existing positions closed: 78
65% less call options, than puts
Call options by funds: $13M | Put options by funds: $37M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$238M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
+$219M |
| 3 |
Invesco
Atlanta,
Georgia
|
+$212M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$186M |
| 5 |
Allspring Global Investments
Charlotte,
North Carolina
|
+$109M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
AKRE Capital Management
Middleburg,
Virginia
|
-$602M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
-$412M |
| 3 |
BlackRock
New York
|
-$219M |
| 4 |
CA
Capitolis Advisors
New York
|
-$175M |
| 5 |
Brown Advisory
Baltimore,
Maryland
|
-$152M |
SBAC Hedge Fund Activity: Q1 2022 in Review
673 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q1 2022, worth a combined $35.1B — down 12% from $40B a quarter earlier.
Sellers outnumbered buyers: 78 funds closed out of SBAC and 63 opened new positions — a net loss of 15 holders — while 253 trimmed existing stakes and 244 added.
The largest buyer was T. Rowe Price Associates, adding an estimated $238M. The largest seller was AKRE Capital Management, exiting entirely with an estimated $602M sold.
- 673 institutional investors held SBA Communications (SBAC) as of Q1 2022, down from 696 in Q4 2021.
- Funds reported $35.1B of SBA Communications stock for Q1 2022, down 12% quarter-over-quarter.
- 63 funds opened new SBA Communications positions in Q1 2022 and 78 closed out, a net change of -15 holders.
- The largest SBA Communications buyer in Q1 2022 was T. Rowe Price Associates, an estimated $238M added.
- The largest SBA Communications seller in Q1 2022 was AKRE Capital Management, an estimated $602M sold.
Based on aggregated 13F filings for Q1 2022.