SBA Communications
SBAC
584 hedge funds and large institutions have $25.2B invested in SBA Communications in 2019 Q4 according to their latest regulatory filings, with 85 funds opening new positions, 212 increasing their positions, 196 reducing their positions, and 59 closing their positions.
44% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 59
2% more funds holding
Funds holding: 570 → 584 (+14)
8% more repeat investments, than reductions
Existing positions increased: 212 | Existing positions reduced: 196
0.87% less ownership
Funds ownership: 93.92% → 93.05% (-0.87%)
1% less capital invested
Capital invested by funds: $25.6B → $25.2B (-$375M)
15% less funds holding in top 10
Funds holding in top 10: 13 → 11 (-2)
49% less call options, than puts
Call options by funds: $34.3M | Put options by funds: $67.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Invesco
Atlanta,
Georgia
|
+$218M |
| 2 |
BPSG
Brookfield Public Securities Group
New York
|
+$121M |
| 3 |
State Street
Boston,
Massachusetts
|
+$70.7M |
| 4 |
CIM
Centersquare Investment Management
Conshohocken,
Pennsylvania
|
+$67.2M |
| 5 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
+$59.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
-$317M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
-$88.2M |
| 3 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$82.7M |
| 4 |
UBS AM
Chicago,
Illinois
|
-$75M |
| 5 |
AllianceBernstein
Nashville,
Tennessee
|
-$69.3M |
SBAC Hedge Fund Activity: Q4 2019 in Review
584 of the 5,092 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q4 2019, worth a combined $25.2B — down 1.5% from $25.6B a quarter earlier.
Buyers outnumbered sellers: 85 funds opened new SBAC positions and 59 closed out — a net gain of 26 holders — while 212 added to existing stakes and 196 trimmed.
The largest buyer was Invesco, adding an estimated $218M. The largest seller was Cohen & Steers, cutting an estimated $317M.
- 584 institutional investors held SBA Communications (SBAC) as of Q4 2019, up from 570 in Q3 2019.
- Funds reported $25.2B of SBA Communications stock for Q4 2019, down 1.5% quarter-over-quarter.
- 85 funds opened new SBA Communications positions in Q4 2019 and 59 closed out, a net change of +26 holders.
- The largest SBA Communications buyer in Q4 2019 was Invesco, an estimated $218M added.
- The largest SBA Communications seller in Q4 2019 was Cohen & Steers, an estimated $317M sold.
Based on aggregated 13F filings for Q4 2019.