SBA Communications
SBAC
386 hedge funds and large institutions have $13.9B invested in SBA Communications in 2017 Q1 according to their latest regulatory filings, with 72 funds opening new positions, 113 increasing their positions, 145 reducing their positions, and 59 closing their positions.
22% more first-time investments, than exits
New positions opened: 72 | Existing positions closed: 59
20% more capital invested
Capital invested by funds: $11.6B → $13.9B (+$2.28B)
9% more funds holding in top 10
Funds holding in top 10: 23 → 25 (+2)
3.36% more ownership
Funds ownership: 91.98% → 95.35% (+3.4%)
1% more funds holding
Funds holding: 382 → 386 (+4)
22% less repeat investments, than reductions
Existing positions increased: 113 | Existing positions reduced: 145
35% less call options, than puts
Call options by funds: $22.7M | Put options by funds: $34.8M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
+$893M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
+$362M |
| 3 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
+$155M |
| 4 |
Millennium Management
New York
|
+$129M |
| 5 |
SA
SQ Advisors
Naples,
Florida
|
+$128M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SHCM
Sachem Head Capital Management
New York
|
-$184M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$173M |
| 3 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$112M |
| 4 |
UBS AM
Chicago,
Illinois
|
-$90.5M |
| 5 |
Victory Capital Management
San Antonio,
Texas
|
-$88.8M |
SBAC Hedge Fund Activity: Q1 2017 in Review
386 of the 4,017 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q1 2017, worth a combined $13.9B — up 20% from $11.6B a quarter earlier.
Buyers outnumbered sellers: 72 funds opened new SBAC positions and 59 closed out — a net gain of 13 holders — while 113 added to existing stakes and 145 trimmed.
The largest buyer was BlackRock, adding an estimated $893M. The largest seller was Sachem Head Capital Management, exiting entirely with an estimated $184M sold.
- 386 institutional investors held SBA Communications (SBAC) as of Q1 2017, up from 382 in Q4 2016.
- Funds reported $13.9B of SBA Communications stock for Q1 2017, up 20% quarter-over-quarter.
- 72 funds opened new SBA Communications positions in Q1 2017 and 59 closed out, a net change of +13 holders.
- The largest SBA Communications buyer in Q1 2017 was BlackRock, an estimated $893M added.
- The largest SBA Communications seller in Q1 2017 was Sachem Head Capital Management, an estimated $184M sold.
Based on aggregated 13F filings for Q1 2017.