SBA Communications
SBAC
533 hedge funds and large institutions have $23.9B invested in SBA Communications in 2019 Q2 according to their latest regulatory filings, with 58 funds opening new positions, 194 increasing their positions, 194 reducing their positions, and 53 closing their positions.
12% more capital invested
Capital invested by funds: $21.4B → $23.9B (+$2.48B)
9% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 53
0% more funds holding
Funds holding: 533 → 533 (0)
0% more repeat investments, than reductions
Existing positions increased: 194 | Existing positions reduced: 194
1.33% less ownership
Funds ownership: 95.33% → 93.99% (-1.3%)
22% less funds holding in top 10
Funds holding in top 10: 18 → 14 (-4)
75% less call options, than puts
Call options by funds: $54.2M | Put options by funds: $215M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$209M |
| 2 |
N
Nuveen
Charlotte,
North Carolina
|
+$197M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
+$180M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$154M |
| 5 |
BlackRock
New York
|
+$103M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$169M |
| 2 |
MG
Meritage Group
San Francisco,
California
|
-$153M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$122M |
| 4 |
SP
Stockbridge Partners
Boston,
Massachusetts
|
-$83.6M |
| 5 |
Millennium Management
New York
|
-$61.4M |
SBAC Hedge Fund Activity: Q2 2019 in Review
533 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q2 2019, worth a combined $23.9B — up 12% from $21.4B a quarter earlier.
Buyers outnumbered sellers: 58 funds opened new SBAC positions and 53 closed out — a net gain of 5 holders — while 194 added to existing stakes and 194 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $209M. The largest seller was Principal Financial Group, cutting an estimated $169M.
- 533 institutional investors held SBA Communications (SBAC) as of Q2 2019, unchanged from Q1 2019.
- Funds reported $23.9B of SBA Communications stock for Q2 2019, up 12% quarter-over-quarter.
- 58 funds opened new SBA Communications positions in Q2 2019 and 53 closed out, a net change of +5 holders.
- The largest SBA Communications buyer in Q2 2019 was Cohen & Steers, an estimated $209M added.
- The largest SBA Communications seller in Q2 2019 was Principal Financial Group, an estimated $169M sold.
Based on aggregated 13F filings for Q2 2019.