SBA Communications
SBAC
391 hedge funds and large institutions have $14.2B invested in SBA Communications in 2015 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 127 increasing their positions, 165 reducing their positions, and 56 closing their positions.
145% more call options, than puts
Call options by funds: $18.4M | Put options by funds: $7.51M
18% more funds holding in top 10
Funds holding in top 10: 17 → 20 (+3)
2% less capital invested
Capital invested by funds: $14.5B → $14.2B (-$323M)
4% less funds holding
Funds holding: 408 → 391 (-17)
23% less repeat investments, than reductions
Existing positions increased: 127 | Existing positions reduced: 165
29% less first-time investments, than exits
New positions opened: 40 | Existing positions closed: 56
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
EPCM
Eton Park Capital Management
New York
|
+$147M |
| 2 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$117M |
| 3 |
FAM
Fred Alger Management
New York
|
+$106M |
| 4 |
Principal Financial Group
Des Moines,
Iowa
|
+$102M |
| 5 |
DCP
Darsana Capital Partners
New York
|
+$93.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
-$220M |
| 2 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$142M |
| 3 |
CBOA
Commonwealth Bank of Australia
Sydney, NSW,
Australia
|
-$82.7M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$76.3M |
| 5 |
CWAM
Columbia Wanger Asset Management
Chicago,
Illinois
|
-$65.7M |
SBAC Hedge Fund Activity: Q2 2015 in Review
391 of the 3,730 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q2 2015, worth a combined $14.2B — down 2.2% from $14.5B a quarter earlier.
Sellers outnumbered buyers: 56 funds closed out of SBAC and 40 opened new positions — a net loss of 16 holders — while 165 trimmed existing stakes and 127 added.
The largest buyer was Eton Park Capital Management, opening a new position worth an estimated $147M. The largest seller was Lone Pine Capital, cutting an estimated $220M.
- 391 institutional investors held SBA Communications (SBAC) as of Q2 2015, down from 408 in Q1 2015.
- Funds reported $14.2B of SBA Communications stock for Q2 2015, down 2.2% quarter-over-quarter.
- 40 funds opened new SBA Communications positions in Q2 2015 and 56 closed out, a net change of -16 holders.
- The largest SBA Communications buyer in Q2 2015 was Eton Park Capital Management, an estimated $147M added.
- The largest SBA Communications seller in Q2 2015 was Lone Pine Capital, an estimated $220M sold.
Based on aggregated 13F filings for Q2 2015.