SBA Communications
SBAC
357 hedge funds and large institutions have $12.2B invested in SBA Communications in 2013 Q4 according to their latest regulatory filings, with 60 funds opening new positions, 113 increasing their positions, 144 reducing their positions, and 32 closing their positions.
88% more first-time investments, than exits
New positions opened: 60 | Existing positions closed: 32
20% more call options, than puts
Call options by funds: $60.7M | Put options by funds: $50.7M
9% more capital invested
Capital invested by funds: $11.2B → $12.2B (+$972M)
8% more funds holding
Funds holding: 331 → 357 (+26)
22% less repeat investments, than reductions
Existing positions increased: 113 | Existing positions reduced: 144
22% less funds holding in top 10
Funds holding in top 10: 18 → 14 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
+$469M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$138M |
| 3 |
Wells Fargo
San Francisco,
California
|
+$133M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$112M |
| 5 |
EARNEST Partners
Atlanta,
Georgia
|
+$109M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$202M |
| 2 |
TCM
TimesSquare Capital Management
New York
|
-$149M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
-$124M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$119M |
| 5 |
Goldman Sachs
New York
|
-$113M |
SBAC Hedge Fund Activity: Q4 2013 in Review
357 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q4 2013, worth a combined $12.2B — up 8.7% from $11.2B a quarter earlier.
Buyers outnumbered sellers: 60 funds opened new SBAC positions and 32 closed out — a net gain of 28 holders — while 113 added to existing stakes and 144 trimmed.
The largest buyer was Lone Pine Capital, opening a new position worth an estimated $469M. The largest seller was Citadel Advisors, cutting an estimated $202M.
- 357 institutional investors held SBA Communications (SBAC) as of Q4 2013, up from 331 in Q3 2013.
- Funds reported $12.2B of SBA Communications stock for Q4 2013, up 8.7% quarter-over-quarter.
- 60 funds opened new SBA Communications positions in Q4 2013 and 32 closed out, a net change of +28 holders.
- The largest SBA Communications buyer in Q4 2013 was Lone Pine Capital, an estimated $469M added.
- The largest SBA Communications seller in Q4 2013 was Citadel Advisors, an estimated $202M sold.
Based on aggregated 13F filings for Q4 2013.