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SBA Communications

402 hedge funds and large institutions have $12.9B invested in SBA Communications in 2016 Q2 according to their latest regulatory filings, with 56 funds opening new positions, 134 increasing their positions, 155 reducing their positions, and 32 closing their positions.

New
Increased
Maintained
Reduced
Closed

454% more call options, than puts

Call options by funds: $99.3M | Put options by funds: $17.9M

75% more first-time investments, than exits

New positions opened: 56 | Existing positions closed: 32

7% more capital invested

Capital invested by funds: $12B → $12.9B (+$847M)

5% more funds holding in top 10

Funds holding in top 10: 2021 (+1)

5% more funds holding

Funds holding: 383402 (+19)

14% less repeat investments, than reductions

Existing positions increased: 134 | Existing positions reduced: 155

Holders
402
Holders Change
+19
Holders Change %
+4.96%
% of All Funds
10.73%
Holding in Top 10
21
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+5%
% of All Funds
0.56%
New
56
Increased
134
Reduced
155
Closed
32
Calls
$99.3M
Puts
$17.9M
Net Calls
+$81.4M
Net Calls Change
+$4.33M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$1.04B +$24.9M +245,537 +3%
Principal Financial Group
2
Principal Financial Group
Iowa
$560M +$63.4M +624,846 +14%
T. Rowe Price Associates
3
T. Rowe Price Associates
Maryland
$396M +$78.6M +775,322 +27%
TCM
4
TimesSquare Capital Management
New York
$386M -$19.5M -192,335 -5%
Brown Advisory
5
Brown Advisory
Maryland
$368M +$47.3M +466,410 +16%
BIT
6
BlackRock Institutional Trust
California
$363M -$22.8M -225,138 -6%
Jennison Associates
7
Jennison Associates
New York
$331M -$25.7M -253,791 -8%
FCM
8
Farallon Capital Management
California
$319M -$1.63M -16,078 -0.5%
Fidelity Investments
9
Fidelity Investments
Massachusetts
$311M +$84.6M +833,990 +41%
State Street
10
State Street
Massachusetts
$296M -$8.1M -79,811 -3%
MG
11
Meritage Group
California
$270M +$42M +414,476 +20%
Massachusetts Financial Services
12
Massachusetts Financial Services
Massachusetts
$268M +$118M +1,160,641 +88%
Franklin Resources
13
Franklin Resources
California
$262M -$2.41M -23,762 -1%
Goldman Sachs
14
Goldman Sachs
New York
$254M +$15.3M +150,381 +7%
SA
15
SPO Advisory
California
$251M +$47.7M +470,000 +25%
William Blair Investment Management
16
William Blair Investment Management
Illinois
$243M +$3.96M +39,054 +2%
Invesco
17
Invesco
Georgia
$240M -$15.9M -157,012 -7%
SCP
18
Soroban Capital Partners
New York
$221M +$208M +2,050,901 New
SP
19
Stockbridge Partners
Massachusetts
$219M +$11M +108,918 +6%
BFA
20
BlackRock Fund Advisors
California
$210M -$61.7M -608,417 -24%
ACM
21
AKRE Capital Management
Virginia
$201M
BAMCO Inc
22
BAMCO Inc
New York
$192M -$37.4M -368,981 -17%
BC
23
Brookfield Corp
Ontario, Canada
$180M +$38.5M +379,442 +29%
UBS AM
24
UBS AM
Illinois
$166M -$9.85M -97,151 -6%
CIA
25
ClearBridge Investments (Australia)
Australia
$163M -$101M -992,120 -40%

SBAC Hedge Fund Activity: Q2 2016 in Review

402 of the 3,748 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q2 2016, worth a combined $12.9B — up 7% from $12B a quarter earlier.

Buyers outnumbered sellers: 56 funds opened new SBAC positions and 32 closed out — a net gain of 24 holders — while 134 added to existing stakes and 155 trimmed.

The largest buyer was Soroban Capital Partners, opening a new position worth an estimated $208M. The largest seller was Royal London Asset Management, cutting an estimated $297M.

  • 402 institutional investors held SBA Communications (SBAC) as of Q2 2016, up from 383 in Q1 2016.
  • Funds reported $12.9B of SBA Communications stock for Q2 2016, up 7% quarter-over-quarter.
  • 56 funds opened new SBA Communications positions in Q2 2016 and 32 closed out, a net change of +24 holders.
  • The largest SBA Communications buyer in Q2 2016 was Soroban Capital Partners, an estimated $208M added.
  • The largest SBA Communications seller in Q2 2016 was Royal London Asset Management, an estimated $297M sold.

Based on aggregated 13F filings for Q2 2016.