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SBA Communications

390 hedge funds and large institutions have $14B invested in SBA Communications in 2015 Q2 according to their latest regulatory filings, with 40 funds opening new positions, 126 increasing their positions, 166 reducing their positions, and 56 closing their positions.

New
Increased
Maintained
Reduced
Closed

122% more call options, than puts

Call options by funds: $16.7M | Put options by funds: $7.51M

18% more funds holding in top 10

Funds holding in top 10: 1720 (+3)

4% less capital invested

Capital invested by funds: $14.5B → $14B (-$566M)

4% less funds holding

Funds holding: 407390 (-17)

24% less repeat investments, than reductions

Existing positions increased: 126 | Existing positions reduced: 166

29% less first-time investments, than exits

New positions opened: 40 | Existing positions closed: 56

Holders
390
Holders Change
-17
Holders Change %
-4.18%
% of All Funds
10.51%
Holding in Top 10
20
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+17.65%
% of All Funds
0.54%
New
40
Increased
126
Reduced
166
Closed
56
Calls
$16.7M
Puts
$7.51M
Net Calls
+$9.16M
Net Calls Change
+$5.57M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1B +$30.3M +258,504 +3%
Jennison Associates
2
Jennison Associates
New York
$577M -$11.6M -98,940 -2%
LPC
3
Lone Pine Capital
Connecticut
$527M -$220M -1,876,339 -29%
Winslow Capital Management
4
Winslow Capital Management
Minnesota
$484M -$42.5M -362,407 -8%
American Century Companies
5
American Century Companies
Missouri
$429M -$18.1M -154,240 -4%
TCM
6
TimesSquare Capital Management
New York
$405M +$34.8M +296,600 +9%
BIT
7
BlackRock Institutional Trust
California
$391M +$5.3M +45,196 +1%
Deutsche Bank
8
Deutsche Bank
Germany
$343M -$142M -1,206,731 -29%
BAMCO Inc
9
BAMCO Inc
New York
$322M -$19.3M -164,591 -6%
State Street
10
State Street
Massachusetts
$317M -$6.5M -55,374 -2%
CIA
11
ClearBridge Investments (Australia)
Australia
$303M -$20.5M -175,096 -8%
Invesco
12
Invesco
Georgia
$297M -$1.11M -9,461 -0.4%
Principal Financial Group
13
Principal Financial Group
Iowa
$290M +$102M +865,444 +52%
Wells Fargo
14
Wells Fargo
California
$287M -$40.2M -342,846 -12%
T. Rowe Price Associates
15
T. Rowe Price Associates
Maryland
$275M +$58.7M +499,977 +26%
William Blair & Company
16
William Blair & Company
Illinois
$274M -$1.59M -13,552 -0.6%
Franklin Resources
17
Franklin Resources
California
$246M +$1.57M +13,397 +0.6%
Goldman Sachs
18
Goldman Sachs
New York
$236M +$8.45M +71,977 +4%
Canada Pension Plan Investment Board
19
Canada Pension Plan Investment Board
Ontario, Canada
$217M +$1.83M +15,600 +0.8%
BFA
20
BlackRock Fund Advisors
California
$216M -$3.74M -31,887 -2%
FAM
21
Fred Alger Management
New York
$191M +$106M +905,971 +120%
Massachusetts Financial Services
22
Massachusetts Financial Services
Massachusetts
$180M -$17.8M -151,412 -9%
Wellington Management Group
23
Wellington Management Group
Massachusetts
$176M +$24.1M +205,128 +15%
JP Morgan Chase
24
JP Morgan Chase
New York
$173M +$45.3M +386,120 +34%
Citadel Advisors
25
Citadel Advisors
Florida
$167M -$37.6M -320,019 -18%

SBAC Hedge Fund Activity: Q2 2015 in Review

390 of the 3,711 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q2 2015, worth a combined $14B — down 3.9% 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 166 trimmed existing stakes and 126 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.

  • 390 institutional investors held SBA Communications (SBAC) as of Q2 2015, down from 407 in Q1 2015.
  • Funds reported $14B of SBA Communications stock for Q2 2015, down 3.9% 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.