SBA Communications
SBAC
526 hedge funds and large institutions have $18.7B invested in SBA Communications in 2018 Q1 according to their latest regulatory filings, with 65 funds opening new positions, 163 increasing their positions, 220 reducing their positions, and 50 closing their positions.
30% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 50
15% more call options, than puts
Call options by funds: $45.8M | Put options by funds: $39.7M
6% more capital invested
Capital invested by funds: $17.7B → $18.7B (+$1.02B)
2% more funds holding
Funds holding: 516 → 526 (+10)
1.73% more ownership
Funds ownership: 92.27% → 94% (+1.7%)
26% less repeat investments, than reductions
Existing positions increased: 163 | Existing positions reduced: 220
26% less funds holding in top 10
Funds holding in top 10: 23 → 17 (-6)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lone Pine Capital
Greenwich,
Connecticut
|
+$561M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$433M |
| 3 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$202M |
| 4 |
FAM
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 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
-$154M |
| 4 |
JCAM
Jericho Capital Asset Management
New York
|
-$147M |
| 5 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
-$110M |
SBAC Hedge Fund Activity: Q1 2018 in Review
526 of the 4,364 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q1 2018, worth a combined $18.7B — up 5.8% from $17.7B a quarter earlier.
Buyers outnumbered sellers: 65 funds opened new SBAC positions and 50 closed out — a net gain of 15 holders — while 163 added to existing stakes and 220 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.
- 526 institutional investors held SBA Communications (SBAC) as of Q1 2018, up from 516 in Q4 2017.
- Funds reported $18.7B of SBA Communications stock for Q1 2018, up 5.8% quarter-over-quarter.
- 65 funds opened new SBA Communications positions in Q1 2018 and 50 closed out, a net change of +15 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.