SBA Communications
SBAC
680 hedge funds and large institutions have $24.9B invested in SBA Communications in 2024 Q3 according to their latest regulatory filings, with 93 funds opening new positions, 251 increasing their positions, 253 reducing their positions, and 49 closing their positions.
108% more call options, than puts
Call options by funds: $54.3M | Put options by funds: $26.1M
90% more first-time investments, than exits
New positions opened: 93 | Existing positions closed: 49
16% more capital invested
Capital invested by funds: $21.5B → $24.9B (+$3.46B)
6% more funds holding
Funds holding: 640 → 680 (+40)
2.37% more ownership
Funds ownership: 94.09% → 96.46% (+2.4%)
1% less repeat investments, than reductions
Existing positions increased: 251 | Existing positions reduced: 253
10% less funds holding in top 10
Funds holding in top 10: 10 → 9 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Dodge & Cox
San Francisco,
California
|
+$360M |
| 2 |
Victory Capital Management
San Antonio,
Texas
|
+$260M |
| 3 |
Cohen & Steers
New York
|
+$159M |
| 4 |
UBS AM
Chicago,
Illinois
|
+$155M |
| 5 |
JP Morgan Chase
New York
|
+$136M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Man Group
London,
United Kingdom
|
-$159M |
| 2 |
APG Asset Management
Amsterdam,
Netherlands
|
-$139M |
| 3 |
VGM
Voyager Global Management
New York
|
-$113M |
| 4 |
Millennium Management
New York
|
-$99.5M |
| 5 |
ACM
AKRE Capital Management
Middleburg,
Virginia
|
-$98.2M |
SBAC Hedge Fund Activity: Q3 2024 in Review
680 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q3 2024, worth a combined $24.9B — up 16% from $21.5B a quarter earlier.
Buyers outnumbered sellers: 93 funds opened new SBAC positions and 49 closed out — a net gain of 44 holders — while 251 added to existing stakes and 253 trimmed.
The largest buyer was Dodge & Cox, opening a new position worth an estimated $360M. The largest seller was Man Group, cutting an estimated $159M.
- 680 institutional investors held SBA Communications (SBAC) as of Q3 2024, up from 640 in Q2 2024.
- Funds reported $24.9B of SBA Communications stock for Q3 2024, up 16% quarter-over-quarter.
- 93 funds opened new SBA Communications positions in Q3 2024 and 49 closed out, a net change of +44 holders.
- The largest SBA Communications buyer in Q3 2024 was Dodge & Cox, an estimated $360M added.
- The largest SBA Communications seller in Q3 2024 was Man Group, an estimated $159M sold.
Based on aggregated 13F filings for Q3 2024.