SBA Communications
SBAC
331 hedge funds and large institutions have $11.2B invested in SBA Communications in 2013 Q3 according to their latest regulatory filings, with 31 funds opening new positions, 106 increasing their positions, 152 reducing their positions, and 47 closing their positions.
5% more capital invested
Capital invested by funds: $10.7B → $11.2B (+$521M)
5% less funds holding
Funds holding: 350 → 331 (-19)
18% less funds holding in top 10
Funds holding in top 10: 22 → 18 (-4)
28% less call options, than puts
Call options by funds: $85.1M | Put options by funds: $119M
30% less repeat investments, than reductions
Existing positions increased: 106 | Existing positions reduced: 152
34% less first-time investments, than exits
New positions opened: 31 | Existing positions closed: 47
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
+$65.4M |
| 2 |
GBCP
Glade Brook Capital Partners
Greenwich,
Connecticut
|
+$60.8M |
| 3 |
SC
Sculptor Capital
New York
|
+$53.7M |
| 4 |
CM
Corvex Management
New York
|
+$45.5M |
| 5 |
TCG
Tremblant Capital Group
West Palm Beach,
Florida
|
+$42.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$117M |
| 2 |
Renaissance Technologies
New York
|
-$97.3M |
| 3 |
American Century Companies
Kansas City,
Missouri
|
-$56.8M |
| 4 |
WRF
Waddell & Reed Financial
Overland Park,
Kansas
|
-$56.3M |
| 5 |
HCM
Highbridge Capital Management
New York
|
-$49.3M |
SBAC Hedge Fund Activity: Q3 2013 in Review
331 of the 3,096 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q3 2013, worth a combined $11.2B — up 4.9% from $10.7B a quarter earlier.
Sellers outnumbered buyers: 47 funds closed out of SBAC and 31 opened new positions — a net loss of 16 holders — while 152 trimmed existing stakes and 106 added.
The largest buyer was Goldman Sachs, adding an estimated $65.4M. The largest seller was Fidelity Investments, cutting an estimated $117M.
- 331 institutional investors held SBA Communications (SBAC) as of Q3 2013, down from 350 in Q2 2013.
- Funds reported $11.2B of SBA Communications stock for Q3 2013, up 4.9% quarter-over-quarter.
- 31 funds opened new SBA Communications positions in Q3 2013 and 47 closed out, a net change of -16 holders.
- The largest SBA Communications buyer in Q3 2013 was Goldman Sachs, an estimated $65.4M added.
- The largest SBA Communications seller in Q3 2013 was Fidelity Investments, an estimated $117M sold.
Based on aggregated 13F filings for Q3 2013.