SBA Communications
SBAC
375 hedge funds and large institutions have $12.4B invested in SBA Communications in 2014 Q1 according to their latest regulatory filings, with 51 funds opening new positions, 151 increasing their positions, 122 reducing their positions, and 31 closing their positions.
318% more call options, than puts
Call options by funds: $80.7M | Put options by funds: $19.3M
65% more first-time investments, than exits
New positions opened: 51 | Existing positions closed: 31
24% more repeat investments, than reductions
Existing positions increased: 151 | Existing positions reduced: 122
14% more funds holding in top 10
Funds holding in top 10: 14 → 16 (+2)
5% more funds holding
Funds holding: 358 → 375 (+17)
1% more capital invested
Capital invested by funds: $12.2B → $12.4B (+$163M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
+$323M |
| 2 |
William Blair & Company
Chicago,
Illinois
|
+$116M |
| 3 |
ACM
AKRE Capital Management
Middleburg,
Virginia
|
+$90.6M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$58.8M |
| 5 |
Jennison Associates
New York
|
+$51.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$388M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$81.1M |
| 3 |
Goldman Sachs
New York
|
-$76M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$67.3M |
| 5 |
Renaissance Technologies
New York
|
-$65.2M |
SBAC Hedge Fund Activity: Q1 2014 in Review
375 of the 3,475 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q1 2014, worth a combined $12.4B — up 1.3% from $12.2B a quarter earlier.
Buyers outnumbered sellers: 51 funds opened new SBAC positions and 31 closed out — a net gain of 20 holders — while 151 added to existing stakes and 122 trimmed.
The largest buyer was Lone Pine Capital, adding an estimated $323M. The largest seller was Fidelity Investments, cutting an estimated $388M.
- 375 institutional investors held SBA Communications (SBAC) as of Q1 2014, up from 358 in Q4 2013.
- Funds reported $12.4B of SBA Communications stock for Q1 2014, up 1.3% quarter-over-quarter.
- 51 funds opened new SBA Communications positions in Q1 2014 and 31 closed out, a net change of +20 holders.
- The largest SBA Communications buyer in Q1 2014 was Lone Pine Capital, an estimated $323M added.
- The largest SBA Communications seller in Q1 2014 was Fidelity Investments, an estimated $388M sold.
Based on aggregated 13F filings for Q1 2014.