SBA Communications
SBAC
517 hedge funds and large institutions have $17.3B invested in SBA Communications in 2018 Q4 according to their latest regulatory filings, with 87 funds opening new positions, 172 increasing their positions, 185 reducing their positions, and 61 closing their positions.
43% more first-time investments, than exits
New positions opened: 87 | Existing positions closed: 61
4% more funds holding
Funds holding: 495 → 517 (+22)
0.65% more ownership
Funds ownership: 93.69% → 94.34% (+0.65%)
0% more capital invested
Capital invested by funds: $17.3B → $17.3B (+$31.1M)
0% more funds holding in top 10
Funds holding in top 10: 13 → 13 (0)
7% less repeat investments, than reductions
Existing positions increased: 172 | Existing positions reduced: 185
18% less call options, than puts
Call options by funds: $82.3M | Put options by funds: $101M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$480M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$159M |
| 3 |
Daiwa Securities Group
Tokyo,
Japan
|
+$124M |
| 4 |
Millennium Management
New York
|
+$108M |
| 5 |
CBOA
Commonwealth Bank of Australia
Sydney, NSW,
Australia
|
+$80.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$254M |
| 2 |
Janus Henderson Group
London,
|
-$96.2M |
| 3 |
IAM
Iridian Asset Management
Westport,
Connecticut
|
-$95M |
| 4 |
D.E. Shaw & Co
New York
|
-$81.5M |
| 5 |
VOYA Investment Management
Atlanta,
Georgia
|
-$78.2M |
SBAC Hedge Fund Activity: Q4 2018 in Review
517 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q4 2018, worth a combined $17.3B — up 0.18% from $17.3B a quarter earlier.
Buyers outnumbered sellers: 87 funds opened new SBAC positions and 61 closed out — a net gain of 26 holders — while 172 added to existing stakes and 185 trimmed.
The largest buyer was Cohen & Steers, adding an estimated $480M. The largest seller was Citadel Advisors, cutting an estimated $254M.
- 517 institutional investors held SBA Communications (SBAC) as of Q4 2018, up from 495 in Q3 2018.
- Funds reported $17.3B of SBA Communications stock for Q4 2018, up 0.18% quarter-over-quarter.
- 87 funds opened new SBA Communications positions in Q4 2018 and 61 closed out, a net change of +26 holders.
- The largest SBA Communications buyer in Q4 2018 was Cohen & Steers, an estimated $480M added.
- The largest SBA Communications seller in Q4 2018 was Citadel Advisors, an estimated $254M sold.
Based on aggregated 13F filings for Q4 2018.