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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
Pacer Advisors
101
Pacer Advisors
Pennsylvania
$29.3M -$3.87M -16,187 -11%
Balyasny Asset Management
102
Balyasny Asset Management
Illinois
$29.1M -$190K -794 -0.6%
Schroder Investment Management Group
103
Schroder Investment Management Group
United Kingdom
$28.9M +$5.54M +23,159 +23%
MSRPS
104
Maryland State Retirement & Pension System
Maryland
$28.4M +$860K +3,594 +3%
State Board of Administration of Florida Retirement System
105
State Board of Administration of Florida Retirement System
Florida
$27.7M -$4.08M -17,059 -13%
New York State Common Retirement Fund
106
New York State Common Retirement Fund
New York
$27.6M -$5.74K -24 -0%
TD Asset Management
107
TD Asset Management
Ontario, Canada
$27.6M -$13.6M -56,887 -32%
NIG
108
NFJ Investment Group
Texas
$27.3M +$28.2M +117,743 New
New York State Teachers Retirement System (NYSTRS)
109
New York State Teachers Retirement System (NYSTRS)
New York
$26.2M -$1.31M -5,482 -5%
RFC
110
Regions Financial Corp
Alabama
$25.8M +$1.83M +7,669 +7%
SIC
111
Schwartz Investment Counsel
Michigan
$25.3M +$7.89M +33,000 +43%
QC
112
Quadrature Capital
United Kingdom
$24.4M -$294K -1,231 -1%
Prudential Financial
113
Prudential Financial
New Jersey
$24M -$55.1M -230,186 -69%
BIC
114
B&I Capital
Switzerland
$23.9M +$3.7M +15,460 +18%
National Bank of Canada
115
National Bank of Canada
Quebec, Canada
$23.5M +$20.1M +84,213 +556%
TCM
116
TimesSquare Capital Management
New York
$22.8M -$40.6M -169,778 -63%
DG
117
DigitalBridge Group
Florida
$22.7M -$40.7M -170,282 -63%
Mitsubishi UFJ Asset Management
118
Mitsubishi UFJ Asset Management
Japan
$21.9M +$1.26M +5,282 +6%
VRS
119
Virginia Retirement Systems
Virginia
$21.5M -$1.65M -6,900 -7%
CIMLRA
120
CBRE Investment Management Listed Real Assets
Pennsylvania
$21.1M +$18.6M +77,754 +589%
Retirement Systems of Alabama
121
Retirement Systems of Alabama
Alabama
$20.9M -$1.75M -7,313 -7%
Jacobs Levy Equity Management
122
Jacobs Levy Equity Management
New Jersey
$20.3M +$7.81M +32,652 +60%
Zurich Cantonal Bank
123
Zurich Cantonal Bank
Switzerland
$20.2M +$13.4M +56,022 +179%
WorldQuant Millennium Advisors
124
WorldQuant Millennium Advisors
New York
$20.2M -$12.6M -52,758 -38%
MAM
125
Magellan Asset Management
Australia
$19.5M +$885K +3,702 +5%

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.