SBA Communications
SBAC
534 hedge funds and large institutions have $21.4B invested in SBA Communications in 2019 Q1 according to their latest regulatory filings, with 66 funds opening new positions, 188 increasing their positions, 200 reducing their positions, and 44 closing their positions.
50% more first-time investments, than exits
New positions opened: 66 | Existing positions closed: 44
38% more funds holding in top 10
Funds holding in top 10: 13 → 18 (+5)
24% more capital invested
Capital invested by funds: $17.2B → $21.4B (+$4.2B)
3% more funds holding
Funds holding: 517 → 534 (+17)
0.99% more ownership
Funds ownership: 94.34% → 95.33% (+0.99%)
6% less repeat investments, than reductions
Existing positions increased: 188 | Existing positions reduced: 200
64% less call options, than puts
Call options by funds: $106M | Put options by funds: $296M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$219M |
| 2 |
GIP
General Industrial Partners
London,
United Kingdom
|
+$74M |
| 3 |
UBS AM
Chicago,
Illinois
|
+$58.4M |
| 4 |
CBOA
Commonwealth Bank of Australia
Sydney, NSW,
Australia
|
+$46M |
| 5 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$42.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$107M |
| 2 |
Daiwa Securities Group
Tokyo,
Japan
|
-$96.7M |
| 3 |
TFP
Triple Frond Partners
San Francisco,
California
|
-$90.3M |
| 4 |
D.E. Shaw & Co
New York
|
-$71.4M |
| 5 |
SP
Stockbridge Partners
Boston,
Massachusetts
|
-$58.8M |
SBAC Hedge Fund Activity: Q1 2019 in Review
534 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q1 2019, worth a combined $21.4B — up 24% from $17.2B a quarter earlier.
Buyers outnumbered sellers: 66 funds opened new SBAC positions and 44 closed out — a net gain of 22 holders — while 188 added to existing stakes and 200 trimmed.
The largest buyer was Fidelity Investments, adding an estimated $219M. The largest seller was Principal Financial Group, cutting an estimated $107M.
- 534 institutional investors held SBA Communications (SBAC) as of Q1 2019, up from 517 in Q4 2018.
- Funds reported $21.4B of SBA Communications stock for Q1 2019, up 24% quarter-over-quarter.
- 66 funds opened new SBA Communications positions in Q1 2019 and 44 closed out, a net change of +22 holders.
- The largest SBA Communications buyer in Q1 2019 was Fidelity Investments, an estimated $219M added.
- The largest SBA Communications seller in Q1 2019 was Principal Financial Group, an estimated $107M sold.
Based on aggregated 13F filings for Q1 2019.