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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
PGH
76
Partners Group Holding
Switzerland
$23.8M +$2.7M +14,426 +12%
Wellington Management Group
77
Wellington Management Group
Massachusetts
$23.6M +$25.7M +136,886 New
Wells Fargo
78
Wells Fargo
California
$22.6M +$2.69M +14,358 +12%
Federated Hermes
79
Federated Hermes
Pennsylvania
$22.5M +$1.55M +8,294 +7%
Acadian Asset Management
80
Acadian Asset Management
Massachusetts
$22.1M +$24M +127,847 +18,829%
AllianceBernstein
81
AllianceBernstein
Tennessee
$20.8M -$8.47M -45,191 -30%
Lazard Asset Management
82
Lazard Asset Management
New York
$20.7M -$24M -128,014 -52%
SSA
83
Schonfeld Strategic Advisors
New York
$20.1M +$20.3M +108,510 +1,279%
Royal Bank of Canada
84
Royal Bank of Canada
Ontario, Canada
$19.9M -$2.86M -15,277 -12%
SC
85
Skylands Capital
Wisconsin
$19.6M +$3.19M +17,035 +18%
UM
86
UniSuper Management
Australia
$19.4M -$7.21M -38,496 -25%
MAM
87
Magellan Asset Management
Australia
$19.4M +$3.5M +18,693 +20%
Envestnet Asset Management
88
Envestnet Asset Management
Illinois
$18.5M -$5.89M -31,445 -23%
VIA
89
Vanguard Investments Australia
Australia
$18.4M +$20.1M +107,076 New
Walleye Capital
90
Walleye Capital
New York
$18M +$19.6M +104,553 New
Aviva
91
Aviva
United Kingdom
$17.9M +$561K +2,992 +3%
ECP
92
Empyrean Capital Partners
California
$17.6M +$19.1M +102,000 New
Point72 Asset Management
93
Point72 Asset Management
Connecticut
$17.6M -$3.03M -16,168 -14%
MSRPS
94
Maryland State Retirement & Pension System
Maryland
$17.5M -$822K -4,386 -4%
Natixis Advisors
95
Natixis Advisors
Massachusetts
$17.2M -$6.06M -32,311 -24%
National Bank of Canada
96
National Bank of Canada
Quebec, Canada
$17.1M +$5.59M +29,810 +43%
Bank of Montreal
97
Bank of Montreal
Ontario, Canada
$16.8M -$2.18M -11,627 -11%
New York State Teachers Retirement System (NYSTRS)
98
New York State Teachers Retirement System (NYSTRS)
New York
$16.3M -$19.1K -102 -0.1%
Korea Investment Corp
99
Korea Investment Corp
South Korea
$16.2M -$1.59M -8,462 -8%
Jones Financial Companies
100
Jones Financial Companies
Missouri
$15.9M +$17.8M +94,756 +26,542%
2 3
4
5 6

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.