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SBA Communications

606 hedge funds and large institutions have $28.6B invested in SBA Communications in 2020 Q1 according to their latest regulatory filings, with 102 funds opening new positions, 201 increasing their positions, 224 reducing their positions, and 73 closing their positions.

New
Increased
Maintained
Reduced
Closed

82% more funds holding in top 10

Funds holding in top 10: 1120 (+9)

40% more first-time investments, than exits

New positions opened: 102 | Existing positions closed: 73

14% more capital invested

Capital invested by funds: $25.2B → $28.6B (+$3.42B)

11% more call options, than puts

Call options by funds: $52.3M | Put options by funds: $47.1M

4% more funds holding

Funds holding: 584606 (+22)

1.72% more ownership

Funds ownership: 93.05%94.77% (+1.7%)

10% less repeat investments, than reductions

Existing positions increased: 201 | Existing positions reduced: 224

Holders
606
Holders Change
+22
Holders Change %
+3.77%
% of All Funds
13.35%
Holding in Top 10
20
Holding in Top 10 Change
+9
Holding in Top 10 Change %
+81.82%
% of All Funds
0.44%
New
102
Increased
201
Reduced
224
Closed
73
Calls
$52.3M
Puts
$47.1M
Net Calls
+$5.21M
Net Calls Change
+$38.4M
Name Holding Trade Value Shares
Change
Change in
Stake
Citigroup
126
Citigroup
New York
$19M +$5.75M +21,789 +45%
PP
127
Peconic Partners
New York
$18.7M -$2.16M -8,200 -11%
State of Tennessee, Department of Treasury
128
State of Tennessee, Department of Treasury
Tennessee
$18.7M +$11.2M +42,405 +158%
Lord, Abbett & Co
129
Lord, Abbett & Co
New Jersey
$18.3M -$4.08M -15,473 -19%
Balyasny Asset Management
130
Balyasny Asset Management
Illinois
$18M +$17.6M +66,654 New
WCP
131
Waterfront Capital Partners
New York
$17.8M +$1.58M +5,980 +10%
WG
132
Winton Group
United Kingdom
$17M -$13.3M -50,551 -45%
AAM
133
AO Asset Management
New York
$16.4M +$16.1M +60,844 New
FAM
134
Fred Alger Management
New York
$16.4M +$5.81M +22,018 +57%
TAM
135
Trillium Asset Management
Massachusetts
$16M -$41.7K -158 -0.3%
Asset Management One
136
Asset Management One
Japan
$15.8M -$161K -610 -1%
D.E. Shaw & Co
137
D.E. Shaw & Co
New York
$15.1M -$5.38M -20,390 -27%
PAMU
138
Pictet Asset Management (UK)
United Kingdom
$15M
AT
139
AMF Tjänstepension
Sweden
$14.5M -$5.29M -20,040 -27%
Lazard Asset Management
140
Lazard Asset Management
New York
$14.4M -$2.38M -9,032 -15%
Aviva
141
Aviva
United Kingdom
$14.3M +$1.46M +5,528 +12%
RJA
142
Raymond James & Associates
Florida
$13.9M -$1.05M -3,989 -7%
SOADOR
143
State of Alaska Department of Revenue
Alaska
$13.9M +$244K +923 +2%
Macquarie Group
144
Macquarie Group
Australia
$13.9M +$9.43M +35,752 +229%
FCIM
145
Fairview Capital Investment Management
California
$13.7M -$584K -2,215 -4%
CI Investments Inc
146
CI Investments Inc
Ontario, Canada
$13.7M +$292K +1,106 +2%
Retirement Systems of Alabama
147
Retirement Systems of Alabama
Alabama
$13.4M +$3.17K +12 +0%
Treasurer of the State of North Carolina
148
Treasurer of the State of North Carolina
North Carolina
$13.1M +$5.08M +19,265 +66%
Comerica Bank
149
Comerica Bank
Texas
$13M -$862K -3,268 -7%
Point72 Asset Management
150
Point72 Asset Management
Connecticut
$13M +$11.7M +44,421 +1,234%

SBAC Hedge Fund Activity: Q1 2020 in Review

606 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q1 2020, worth a combined $28.6B — up 14% from $25.2B a quarter earlier.

Buyers outnumbered sellers: 102 funds opened new SBAC positions and 73 closed out — a net gain of 29 holders — while 201 added to existing stakes and 224 trimmed.

The largest buyer was Capital Research Global Investors, adding an estimated $534M. The largest seller was Invesco, cutting an estimated $202M.

  • 606 institutional investors held SBA Communications (SBAC) as of Q1 2020, up from 584 in Q4 2019.
  • Funds reported $28.6B of SBA Communications stock for Q1 2020, up 14% quarter-over-quarter.
  • 102 funds opened new SBA Communications positions in Q1 2020 and 73 closed out, a net change of +29 holders.
  • The largest SBA Communications buyer in Q1 2020 was Capital Research Global Investors, an estimated $534M added.
  • The largest SBA Communications seller in Q1 2020 was Invesco, an estimated $202M sold.

Based on aggregated 13F filings for Q1 2020.