SBA Communications
SBAC
403 hedge funds and large institutions have $12.9B invested in SBA Communications in 2015 Q4 according to their latest regulatory filings, with 56 funds opening new positions, 148 increasing their positions, 145 reducing their positions, and 58 closing their positions.
200% more call options, than puts
Call options by funds: $44.3M | Put options by funds: $14.8M
14% more funds holding in top 10
Funds holding in top 10: 22 → 25 (+3)
2% more repeat investments, than reductions
Existing positions increased: 148 | Existing positions reduced: 145
0% less capital invested
Capital invested by funds: $12.9B → $12.9B (-$5.93M)
3% less first-time investments, than exits
New positions opened: 56 | Existing positions closed: 58
1% less funds holding
Funds holding: 409 → 403 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FCM
Farallon Capital Management
San Francisco,
California
|
+$172M |
| 2 |
Principal Financial Group
Des Moines,
Iowa
|
+$107M |
| 3 |
BWCA
Brenner West Capital Advisors
New York
|
+$78.4M |
| 4 |
BA
BlackRock Advisors
Wilmington,
Delaware
|
+$71.9M |
| 5 |
Goldman Sachs
New York
|
+$71.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
-$293M |
| 2 |
Millennium Management
New York
|
-$131M |
| 3 |
Jennison Associates
New York
|
-$107M |
| 4 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$98.4M |
| 5 |
Norges Bank
Oslo,
Norway
|
-$64.9M |
SBAC Hedge Fund Activity: Q4 2015 in Review
403 of the 3,824 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q4 2015, worth a combined $12.9B — down 0.05% from $12.9B a quarter earlier.
Sellers outnumbered buyers: 58 funds closed out of SBAC and 56 opened new positions — a net loss of 2 holders — while 145 trimmed existing stakes and 148 added.
The largest buyer was Farallon Capital Management, opening a new position worth an estimated $172M. The largest seller was Lone Pine Capital, exiting entirely with an estimated $293M sold.
- 403 institutional investors held SBA Communications (SBAC) as of Q4 2015, down from 409 in Q3 2015.
- Funds reported $12.9B of SBA Communications stock for Q4 2015, down 0.05% quarter-over-quarter.
- 56 funds opened new SBA Communications positions in Q4 2015 and 58 closed out, a net change of -2 holders.
- The largest SBA Communications buyer in Q4 2015 was Farallon Capital Management, an estimated $172M added.
- The largest SBA Communications seller in Q4 2015 was Lone Pine Capital, an estimated $293M sold.
Based on aggregated 13F filings for Q4 2015.