SBA Communications
SBAC
383 hedge funds and large institutions have $11.6B invested in SBA Communications in 2016 Q4 according to their latest regulatory filings, with 50 funds opening new positions, 140 increasing their positions, 144 reducing their positions, and 74 closing their positions.
10% more funds holding in top 10
Funds holding in top 10: 21 → 23 (+2)
3% less repeat investments, than reductions
Existing positions increased: 140 | Existing positions reduced: 144
4.07% less ownership
Funds ownership: 96.05% → 91.98% (-4.1%)
7% less funds holding
Funds holding: 414 → 383 (-31)
16% less call options, than puts
Call options by funds: $27.5M | Put options by funds: $32.6M
32% less first-time investments, than exits
New positions opened: 50 | Existing positions closed: 74
34% less capital inflows, than outflows
Capital inflows: $1.36B | Capital outflows: $2.06B
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sachem Head Capital Management
New York
|
+$188M |
| 2 |
Senator Investment Group
New York
|
+$121M |
| 3 |
D.E. Shaw & Co
New York
|
+$108M |
| 4 |
Soroban Capital Partners
New York
|
+$88.8M |
| 5 |
CBOA
Commonwealth Bank of Australia
Sydney, NSW,
Australia
|
+$68.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Brown Advisory
Baltimore,
Maryland
|
-$350M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$184M |
| 3 |
Brookfield Corp
Toronto,
Ontario, Canada
|
-$108M |
| 4 |
EPCM
Eton Park Capital Management
New York
|
-$106M |
| 5 |
DCP
Darsana Capital Partners
New York
|
-$95.3M |
SBAC Hedge Fund Activity: Q4 2016 in Review
383 of the 4,008 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q4 2016, worth a combined $11.6B — down 13% from $13.4B a quarter earlier.
Sellers outnumbered buyers: 74 funds closed out of SBAC and 50 opened new positions — a net loss of 24 holders — while 144 trimmed existing stakes and 140 added.
The largest buyer was Sachem Head Capital Management, opening a new position worth an estimated $188M. The largest seller was Brown Advisory, cutting an estimated $350M.
- 383 institutional investors held SBA Communications (SBAC) as of Q4 2016, down from 414 in Q3 2016.
- Funds reported $11.6B of SBA Communications stock for Q4 2016, down 13% quarter-over-quarter.
- 50 funds opened new SBA Communications positions in Q4 2016 and 74 closed out, a net change of -24 holders.
- The largest SBA Communications buyer in Q4 2016 was Sachem Head Capital Management, an estimated $188M added.
- The largest SBA Communications seller in Q4 2016 was Brown Advisory, an estimated $350M sold.
Based on aggregated 13F filings for Q4 2016.