SBA Communications
SBAC
496 hedge funds and large institutions have $17.3B invested in SBA Communications in 2018 Q3 according to their latest regulatory filings, with 45 funds opening new positions, 140 increasing their positions, 220 reducing their positions, and 41 closing their positions.
10% more first-time investments, than exits
New positions opened: 45 | Existing positions closed: 41
0% more funds holding
Funds holding: 495 → 496 (+1)
5% less capital invested
Capital invested by funds: $18.1B → $17.3B (-$870M)
1.74% less ownership
Funds ownership: 95.46% → 93.72% (-1.7%)
24% less funds holding in top 10
Funds holding in top 10: 17 → 13 (-4)
36% less repeat investments, than reductions
Existing positions increased: 140 | Existing positions reduced: 220
48% less call options, than puts
Call options by funds: $79.9M | Put options by funds: $153M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$266M |
| 2 |
Capital Research Global Investors
Los Angeles,
California
|
+$108M |
| 3 |
CBOA
Commonwealth Bank of Australia
Sydney, NSW,
Australia
|
+$84.7M |
| 4 |
Cohen & Steers
New York
|
+$76M |
| 5 |
LIMS
Lasalle Investment Management Securities
Baltimore,
Maryland
|
+$63.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
-$579M |
| 2 |
Jennison Associates
New York
|
-$71.9M |
| 3 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
-$68.4M |
| 4 |
Arrowstreet Capital
Boston,
Massachusetts
|
-$62.4M |
| 5 |
FCIM
Fairview Capital Investment Management
Greenbrae,
California
|
-$56.9M |
SBAC Hedge Fund Activity: Q3 2018 in Review
496 of the 4,375 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q3 2018, worth a combined $17.3B — down 4.8% from $18.1B a quarter earlier.
Buyers outnumbered sellers: 45 funds opened new SBAC positions and 41 closed out — a net gain of 4 holders — while 140 added to existing stakes and 220 trimmed.
The largest buyer was Citadel Advisors, adding an estimated $266M. The largest seller was Lone Pine Capital, exiting entirely with an estimated $579M sold.
- 496 institutional investors held SBA Communications (SBAC) as of Q3 2018, up from 495 in Q2 2018.
- Funds reported $17.3B of SBA Communications stock for Q3 2018, down 4.8% quarter-over-quarter.
- 45 funds opened new SBA Communications positions in Q3 2018 and 41 closed out, a net change of +4 holders.
- The largest SBA Communications buyer in Q3 2018 was Citadel Advisors, an estimated $266M added.
- The largest SBA Communications seller in Q3 2018 was Lone Pine Capital, an estimated $579M sold.
Based on aggregated 13F filings for Q3 2018.