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SBA Communications

670 hedge funds and large institutions have $23.5B invested in SBA Communications in 2023 Q2 according to their latest regulatory filings, with 61 funds opening new positions, 266 increasing their positions, 245 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more call options, than puts

Call options by funds: $81.7M | Put options by funds: $52.7M

9% more repeat investments, than reductions

Existing positions increased: 266 | Existing positions reduced: 245

0.66% less ownership

Funds ownership: 94.25%93.59% (-0.66%)

3% less funds holding

Funds holding: 689670 (-19)

7% less funds holding in top 10

Funds holding in top 10: 1514 (-1)

12% less capital invested

Capital invested by funds: $26.6B → $23.5B (-$3.11B)

19% less first-time investments, than exits

New positions opened: 61 | Existing positions closed: 75

Holders
670
Holders Change
-19
Holders Change %
-2.76%
% of All Funds
10.52%
Holding in Top 10
14
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-6.67%
% of All Funds
0.22%
New
61
Increased
266
Reduced
245
Closed
75
Calls
$81.7M
Puts
$52.7M
Net Calls
+$29.1M
Net Calls Change
-$7.57M
Name Holding Trade Value Shares
Change
Change in
Stake
APG Asset Management
51
APG Asset Management
Netherlands
$84.7M +$6.71M +28,071 +8%
Allspring Global Investments
52
Allspring Global Investments
North Carolina
$84.2M +$13.2M +55,039 +18%
Renaissance Technologies
53
Renaissance Technologies
New York
$78.9M +$13.6M +57,032 +20%
Manulife (Manufacturers Life Insurance)
54
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$77.1M +$4.68M +19,566 +6%
CVA
55
Ceredex Value Advisors
Florida
$73.6M +$15.1M +63,250 +25%
BNP Paribas Financial Markets
56
BNP Paribas Financial Markets
France
$71.7M +$7.12M +29,757 +11%
IMCOOI
57
Investment Management Corp of Ontario (IMCO)
Canada
$68.4M +$12M +50,000 +20%
Royal Bank of Canada
58
Royal Bank of Canada
Ontario, Canada
$65.5M +$7.26M +30,363 +12%
BC
59
Brookfield Corp
Ontario, Canada
$61.5M -$2.62M -10,967 -4%
Millennium Management
60
Millennium Management
New York
$61M -$37.9M -158,342 -38%
UBS Group
61
UBS Group
Switzerland
$59.6M +$14.5M +60,544 +31%
WHRC
62
W.H. Reaves & Co
New Jersey
$58.7M -$875K -3,657 -1%
RhumbLine Advisers
63
RhumbLine Advisers
Massachusetts
$56.4M +$3.42M +14,278 +6%
JAM
64
Jupiter Asset Management
United Kingdom
$55.9M +$52.1M +218,016 +939%
Sumitomo Mitsui Trust Group
65
Sumitomo Mitsui Trust Group
Japan
$54.2M -$9.87M -41,261 -15%
VGM
66
Voyager Global Management
New York
$53.3M +$55M +230,000 New
Qube Research & Technologies (QRT)
67
Qube Research & Technologies (QRT)
United Kingdom
$51M +$31.7M +132,526 +152%
Nordea Investment Management
68
Nordea Investment Management
Sweden
$50.1M +$12.9M +53,797 +34%
Ensign Peak Advisors
69
Ensign Peak Advisors
Utah
$49.4M +$8.23M +34,407 +19%
Wells Fargo
70
Wells Fargo
California
$48.7M -$4.17M -17,445 -8%
Russell Investments Group
71
Russell Investments Group
United Kingdom
$47.8M +$16.8M +70,046 +51%
Envestnet Asset Management
72
Envestnet Asset Management
Illinois
$47.4M +$6.17M +25,783 +14%
CIBC Private Wealth Group
73
CIBC Private Wealth Group
Georgia
$46.7M -$26.3M -110,079 -35%
DDC
74
DF Dent & Co
Maryland
$45.9M -$15.2M -63,591 -24%
Janus Henderson Group
75
Janus Henderson Group
United Kingdom
$42.6M -$4.15M -17,330 -9%

SBAC Hedge Fund Activity: Q2 2023 in Review

670 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q2 2023, worth a combined $23.5B — down 12% from $26.6B a quarter earlier.

Sellers outnumbered buyers: 75 funds closed out of SBAC and 61 opened new positions — a net loss of 14 holders — while 245 trimmed existing stakes and 266 added.

The largest buyer was Brown Advisory, adding an estimated $152M. The largest seller was Capital Research Global Investors, cutting an estimated $208M.

  • 670 institutional investors held SBA Communications (SBAC) as of Q2 2023, down from 689 in Q1 2023.
  • Funds reported $23.5B of SBA Communications stock for Q2 2023, down 12% quarter-over-quarter.
  • 61 funds opened new SBA Communications positions in Q2 2023 and 75 closed out, a net change of -14 holders.
  • The largest SBA Communications buyer in Q2 2023 was Brown Advisory, an estimated $152M added.
  • The largest SBA Communications seller in Q2 2023 was Capital Research Global Investors, an estimated $208M sold.

Based on aggregated 13F filings for Q2 2023.