SBA Communications
SBAC
689 hedge funds and large institutions have $26.6B invested in SBA Communications in 2023 Q1 according to their latest regulatory filings, with 77 funds opening new positions, 275 increasing their positions, 226 reducing their positions, and 70 closing their positions.
224% more call options, than puts
Call options by funds: $53M | Put options by funds: $16.3M
36% more funds holding in top 10
Funds holding in top 10: 11 → 15 (+4)
22% more repeat investments, than reductions
Existing positions increased: 275 | Existing positions reduced: 226
10% more first-time investments, than exits
New positions opened: 77 | Existing positions closed: 70
0.31% less ownership
Funds ownership: 94.56% → 94.25% (-0.31%)
0% less funds holding
Funds holding: 692 → 689 (-3)
5% less capital invested
Capital invested by funds: $28.2B → $26.6B (-$1.54B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$874M |
| 2 |
JP Morgan Chase
New York
|
+$95.8M |
| 3 |
Amundi
Paris,
France
|
+$94.2M |
| 4 |
DG
DigitalBridge Group
Boca Raton,
Florida
|
+$68.6M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
+$55.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$396M |
| 2 |
Invesco
Atlanta,
Georgia
|
-$248M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
-$140M |
| 4 |
AllianceBernstein
Nashville,
Tennessee
|
-$119M |
| 5 |
BlackRock
New York
|
-$104M |
SBAC Hedge Fund Activity: Q1 2023 in Review
689 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q1 2023, worth a combined $26.6B — down 5.5% from $28.2B a quarter earlier.
Buyers outnumbered sellers: 77 funds opened new SBAC positions and 70 closed out — a net gain of 7 holders — while 275 added to existing stakes and 226 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $874M. The largest seller was Fidelity Investments, cutting an estimated $396M.
- 689 institutional investors held SBA Communications (SBAC) as of Q1 2023, down from 692 in Q4 2022.
- Funds reported $26.6B of SBA Communications stock for Q1 2023, down 5.5% quarter-over-quarter.
- 77 funds opened new SBA Communications positions in Q1 2023 and 70 closed out, a net change of +7 holders.
- The largest SBA Communications buyer in Q1 2023 was Cohen & Steers, an estimated $874M added.
- The largest SBA Communications seller in Q1 2023 was Fidelity Investments, an estimated $396M sold.
Based on aggregated 13F filings for Q1 2023.