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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
WMSA
76
Weiss Multi-Strategy Advisers
New York
$41M +$42.3M +176,824 New
Barclays
77
Barclays
United Kingdom
$40.9M +$20.1M +84,218 +91%
California State Teachers Retirement System (CalSTRS)
78
California State Teachers Retirement System (CalSTRS)
California
$40.8M -$775K -3,240 -2%
Bank of Montreal
79
Bank of Montreal
Ontario, Canada
$40.1M +$4.1M +17,133 +11%
DPIM
80
Duff & Phelps Investment Management
Illinois
$39.7M +$4.61M +19,285 +13%
Susquehanna International Group
81
Susquehanna International Group
Pennsylvania
$39.3M +$22.9M +95,611 +129%
Victory Capital Management
82
Victory Capital Management
Texas
$39.2M -$916K -3,831 -2%
COPPSERS
83
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$39M +$3.51M +14,686 +10%
Lazard Asset Management
84
Lazard Asset Management
New York
$38.7M -$14.3M -59,722 -26%
MNG
85
Manning & Napier Group
New York
$38.4M -$53.4M -223,046 -57%
Voloridge Investment Management
86
Voloridge Investment Management
Florida
$38.3M +$19.9M +83,327 +102%
Allianz Asset Management
87
Allianz Asset Management
Germany
$36.6M -$11M -46,070 -23%
Los Angeles Capital Management
88
Los Angeles Capital Management
California
$36.1M -$19.8M -82,680 -35%
CS
89
Credit Suisse
Switzerland
$35.9M -$6.45M -26,959 -15%
SSA
90
Schonfeld Strategic Advisors
New York
$35.2M +$3.54M +14,815 +11%
Canada Life
91
Canada Life
Manitoba, Canada
$34.9M +$816K +3,411 +2%
GA
92
GRS Advisors
Illinois
$34.3M +$10.8M +45,041 +44%
PAMS
93
Pictet Asset Management (Switzerland)
Switzerland
$33.5M +$2.84M +11,871 +9%
National Pension Service
94
National Pension Service
South Korea
$31.6M -$29.9M -125,066 -48%
RGREA
95
Ranger Global Real Estate Advisors
Colorado
$31.5M -$21.5M -90,018 -40%
Korea Investment Corp
96
Korea Investment Corp
South Korea
$31.2M +$2.55M +10,662 +9%
Federated Hermes
97
Federated Hermes
Pennsylvania
$30.2M +$247K +1,031 +0.8%
HSBC Holdings
98
HSBC Holdings
United Kingdom
$30M +$5.24M +21,899 +20%
CCM
99
Chilton Capital Management
Texas
$29.8M -$714K -2,983 -2%
TCG
100
Tremblant Capital Group
Florida
$29.8M +$6.37M +26,633 +26%

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.