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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
BNP Paribas Asset Management
101
BNP Paribas Asset Management
France
$15.9M +$9.4M +50,170 +119%
State Board of Administration of Florida Retirement System
102
State Board of Administration of Florida Retirement System
Florida
$15.9M -$435K -2,323 -2%
Pacer Advisors
103
Pacer Advisors
Pennsylvania
$15.8M -$675K -3,603 -4%
LP
104
LMR Partners
United Kingdom
$15.2M +$16.5M +88,266 New
Swedbank
105
Swedbank
Sweden
$15M – – –
Robeco Institutional Asset Management
106
Robeco Institutional Asset Management
Netherlands
$14.9M +$10.1M +54,147 +167%
Manulife (Manufacturers Life Insurance)
107
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$14.7M -$1.17M -6,228 -7%
Retirement Systems of Alabama
108
Retirement Systems of Alabama
Alabama
$14.1M -$30.7K -164 -0.2%
MWM
109
Moran Wealth Management
Florida
$14M +$998K +5,325 +7%
Susquehanna International Group
110
Susquehanna International Group
Pennsylvania
$14M +$10.9M +58,264 +256%
IIM
111
INTECH Investment Management
Florida
$13.7M +$4.58M +24,442 +44%
SI
112
Sora Investors
Pennsylvania
$13.5M +$11.7M +62,488 +388%
Connor, Clark & Lunn Investment Management (CC&L)
113
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$13.1M -$5.08M -27,081 -26%
Toronto Dominion Bank
114
Toronto Dominion Bank
Ontario, Canada
$13M -$2.53M -13,523 -15%
CIM
115
Centersquare Investment Management
Pennsylvania
$12.5M -$4.41M -23,557 -24%
MF
116
Milford Funds
$12.2M – – –
ICP
117
Ilex Capital Partners
United Kingdom
$11.8M +$12.9M +68,582 New
Universal-Beteiligungs- und Servicegesellschaft
118
Universal-Beteiligungs- und Servicegesellschaft
Germany
$11.7M +$1.44M +7,678 +13%
William Blair & Company
119
William Blair & Company
Illinois
$11.3M -$480K -2,559 -4%
SOADOR
120
State of Alaska Department of Revenue
Alaska
$11.2M +$258K +1,375 +2%
State of Wisconsin Investment Board
121
State of Wisconsin Investment Board
Wisconsin
$11.2M +$382K +2,038 +3%
CBU
122
CIBC Bancorp USA
Illinois
$11.1M +$12.1M +64,507 New
Pictet Asset Management
123
Pictet Asset Management
Switzerland
$11M -$218K -1,163 -2%
First Trust Advisors
124
First Trust Advisors
Illinois
$10.8M +$416K +2,218 +4%
AC
125
Avenir Corporation
Virginia
$10.6M -$218K -1,162 -2%
3 4
5
6 7

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.