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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
Royal London Asset Management
176
Royal London Asset Management
United Kingdom
$9.44M
MCM
177
Makena Capital Management
California
$9.15M +$1.83M +7,640 +24%
CSS
178
Cubist Systematic Strategies
Connecticut
$8.84M +$8.44M +35,303 +1,240%
HCM
179
Hahn Capital Management
California
$8.66M -$151K -630 -2%
Osaic Holdings
180
Osaic Holdings
Arizona
$8.59M -$425K -1,778 -5%
Fifth Third Bancorp
181
Fifth Third Bancorp
Ohio
$8.55M +$121K +507 +1%
First Trust Advisors
182
First Trust Advisors
Illinois
$8.02M +$2.03M +8,488 +32%
II
183
IFM Investors
Australia
$7.87M +$2M +8,360 +33%
AIM
184
Aigen Investment Management
New York
$7.57M +$7.81M +32,665 New
Wellington Management Group
185
Wellington Management Group
Massachusetts
$7.38M +$3.06M +12,793 +67%
Truist Financial
186
Truist Financial
North Carolina
$7.32M +$569K +2,380 +8%
ProShare Advisors
187
ProShare Advisors
Maryland
$7.31M +$95.9K +401 +1%
ASRS
188
Arizona State Retirement System
Arizona
$7.18M +$355K +1,484 +5%
Natixis Advisors
189
Natixis Advisors
Massachusetts
$7.16M -$534K -2,232 -7%
William Blair Investment Management
190
William Blair Investment Management
Illinois
$7.08M -$592K -2,473 -7%
LBIM
191
Land & Buildings Investment Management
Connecticut
$7.01M +$1.59M +6,654 +28%
Fidelity International
192
Fidelity International
Bermuda
$7M -$2.05M -8,586 -22%
Hudson Bay Capital Management
193
Hudson Bay Capital Management
Connecticut
$6.95M +$3.06M +12,808 +74%
UM
194
Ulysses Management
New York
$6.95M +$7.18M +30,000 New
AIG
195
American International Group
New York
$6.91M -$313K -1,307 -4%
SOMRS
196
State of Michigan Retirement System
Michigan
$6.89M +$23.9K +100 +0.3%
QT
197
Quantbot Technologies
New York
$6.63M +$2.58M +10,805 +61%
MIM
198
MetLife Investment Management
New Jersey
$6.47M -$210K -877 -3%
Mirae Asset Global Investments
199
Mirae Asset Global Investments
South Korea
$6.44M -$280K -1,170 -4%
AB
200
Amalgamated Bank
New York
$6.38M -$161K -672 -2%

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.