SBA Communications
SBAC
707 hedge funds and large institutions have $24.9B invested in SBA Communications in 2025 Q2 according to their latest regulatory filings, with 98 funds opening new positions, 292 increasing their positions, 228 reducing their positions, and 74 closing their positions.
32% more first-time investments, than exits
New positions opened: 98 | Existing positions closed: 74
28% more repeat investments, than reductions
Existing positions increased: 292 | Existing positions reduced: 228
7% more capital invested
Capital invested by funds: $23.4B → $24.9B (+$1.53B)
2% more funds holding
Funds holding: 691 → 707 (+16)
0.03% more ownership
Funds ownership: 98.85% → 98.88% (+0.03%)
18% less call options, than puts
Call options by funds: $38.4M | Put options by funds: $46.7M
33% less funds holding in top 10
Funds holding in top 10: 9 → 6 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$738M |
| 2 |
Mitsubishi UFJ Trust & Banking
Tokyo,
Japan
|
+$116M |
| 3 |
Daiwa Securities Group
Tokyo,
Japan
|
+$111M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$86.6M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$84.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$222M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$203M |
| 3 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$116M |
| 4 |
JP Morgan Chase
New York
|
-$104M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$84.2M |
SBAC Hedge Fund Activity: Q2 2025 in Review
707 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q2 2025, worth a combined $24.9B — up 6.5% from $23.4B a quarter earlier.
Buyers outnumbered sellers: 98 funds opened new SBAC positions and 74 closed out — a net gain of 24 holders — while 292 added to existing stakes and 228 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $738M. The largest seller was Brookfield Corp, exiting entirely with an estimated $222M sold.
- 707 institutional investors held SBA Communications (SBAC) as of Q2 2025, up from 691 in Q1 2025.
- Funds reported $24.9B of SBA Communications stock for Q2 2025, up 6.5% quarter-over-quarter.
- 98 funds opened new SBA Communications positions in Q2 2025 and 74 closed out, a net change of +24 holders.
- The largest SBA Communications buyer in Q2 2025 was Cohen & Steers, an estimated $738M added.
- The largest SBA Communications seller in Q2 2025 was Brookfield Corp, an estimated $222M sold.
Based on aggregated 13F filings for Q2 2025.