SBA Communications
SBAC
402 hedge funds and large institutions have $12.9B invested in SBA Communications in 2016 Q2 according to their latest regulatory filings, with 56 funds opening new positions, 134 increasing their positions, 155 reducing their positions, and 32 closing their positions.
454% more call options, than puts
Call options by funds: $99.3M | Put options by funds: $17.9M
75% more first-time investments, than exits
New positions opened: 56 | Existing positions closed: 32
7% more capital invested
Capital invested by funds: $12B → $12.9B (+$847M)
5% more funds holding in top 10
Funds holding in top 10: 20 → 21 (+1)
5% more funds holding
Funds holding: 383 → 402 (+19)
14% less repeat investments, than reductions
Existing positions increased: 134 | Existing positions reduced: 155
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
Soroban Capital Partners
New York
|
+$208M |
| 2 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$118M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$89.9M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$84.6M |
| 5 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$78.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal London Asset Management
United Kingdom
|
-$297M |
| 2 |
Winslow Capital Management
Minneapolis,
Minnesota
|
-$235M |
| 3 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
-$130M |
| 4 |
CIA
ClearBridge Investments (Australia)
Sydney,
Australia
|
-$101M |
| 5 |
EPCM
Eton Park Capital Management
New York
|
-$70.4M |
SBAC Hedge Fund Activity: Q2 2016 in Review
402 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q2 2016, worth a combined $12.9B — up 7% from $12B a quarter earlier.
Buyers outnumbered sellers: 56 funds opened new SBAC positions and 32 closed out — a net gain of 24 holders — while 134 added to existing stakes and 155 trimmed.
The largest buyer was Soroban Capital Partners, opening a new position worth an estimated $208M. The largest seller was Royal London Asset Management, cutting an estimated $297M.
- 402 institutional investors held SBA Communications (SBAC) as of Q2 2016, up from 383 in Q1 2016.
- Funds reported $12.9B of SBA Communications stock for Q2 2016, up 7% quarter-over-quarter.
- 56 funds opened new SBA Communications positions in Q2 2016 and 32 closed out, a net change of +24 holders.
- The largest SBA Communications buyer in Q2 2016 was Soroban Capital Partners, an estimated $208M added.
- The largest SBA Communications seller in Q2 2016 was Royal London Asset Management, an estimated $297M sold.
Based on aggregated 13F filings for Q2 2016.