SBA Communications
SBAC
527 hedge funds and large institutions have $18.8B invested in SBA Communications in 2018 Q1 according to their latest regulatory filings, with 65 funds opening new positions, 162 increasing their positions, 221 reducing their positions, and 49 closing their positions.
33% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 49
16% more capital inflows, than outflows
Capital inflows: $2.47B | Capital outflows: $2.13B
15% more call options, than puts
Call options by funds: $45.8M | Put options by funds: $39.7M
2.31% more ownership
Funds ownership: 92.27% → 94.59% (+2.3%)
2% more funds holding
Funds holding: 516 → 527 (+11)
26% less funds holding in top 10
Funds holding in top 10: 23 → 17 (-6)
27% less repeat investments, than reductions
Existing positions increased: 162 | Existing positions reduced: 221
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Lone Pine Capital
Greenwich,
Connecticut
|
+$561M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$433M |
| 3 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$202M |
| 4 |
Fred Alger Management
New York
|
+$130M |
| 5 |
APG Asset Management
Amsterdam,
Netherlands
|
+$119M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$249M |
| 2 |
SA
SQ Advisors
Naples,
Florida
|
-$198M |
| 3 |
Jericho Capital Asset Management
New York
|
-$147M |
| 4 |
Iridian Asset Management
Westport,
Connecticut
|
-$110M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$94.4M |
SBAC Hedge Fund Activity: Q1 2018 in Review
527 of the 4,374 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q1 2018, worth a combined $18.8B — up 6.2% from $17.7B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new SBAC positions and 49 closed out — a net gain of 16 holders — while 162 added to existing stakes and 221 trimmed.
The largest buyer was Lone Pine Capital, opening a new position worth an estimated $561M. The largest seller was T. Rowe Price Associates, cutting an estimated $249M.
- 527 institutional investors held SBA Communications (SBAC) as of Q1 2018, up from 516 in Q4 2017.
- Funds reported $18.8B of SBA Communications stock for Q1 2018, up 6.2% quarter-over-quarter.
- 65 funds opened new SBA Communications positions in Q1 2018 and 49 closed out, a net change of +16 holders.
- The largest SBA Communications buyer in Q1 2018 was Lone Pine Capital, an estimated $561M added.
- The largest SBA Communications seller in Q1 2018 was T. Rowe Price Associates, an estimated $249M sold.
Based on aggregated 13F filings for Q1 2018.