SBA Communications
SBAC
631 hedge funds and large institutions have $33.4B invested in SBA Communications in 2020 Q3 according to their latest regulatory filings, with 58 funds opening new positions, 224 increasing their positions, 242 reducing their positions, and 72 closing their positions.
75% more call options, than puts
Call options by funds: $70.3M | Put options by funds: $40.2M
5% more capital invested
Capital invested by funds: $31.8B → $33.4B (+$1.69B)
7% less repeat investments, than reductions
Existing positions increased: 224 | Existing positions reduced: 242
1.52% less ownership
Funds ownership: 95.58% → 94.06% (-1.5%)
3% less funds holding
Funds holding: 649 → 631 (-18)
19% less first-time investments, than exits
New positions opened: 58 | Existing positions closed: 72
28% less funds holding in top 10
Funds holding in top 10: 18 → 13 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
+$206M |
| 2 |
Cohen & Steers
New York
|
+$164M |
| 3 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
+$93.7M |
| 4 |
MCM
Melvin Capital Management
New York
|
+$91.7M |
| 5 |
D.E. Shaw & Co
New York
|
+$61.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$229M |
| 2 |
State Street
Boston,
Massachusetts
|
-$135M |
| 3 |
CTA
Carillon Tower Advisers
St. Petersburg,
Florida
|
-$123M |
| 4 |
Holocene Advisors
New York
|
-$113M |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
-$112M |
SBAC Hedge Fund Activity: Q3 2020 in Review
631 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q3 2020, worth a combined $33.4B — up 5.3% from $31.8B a quarter earlier.
Sellers outnumbered buyers: 72 funds closed out of SBAC and 58 opened new positions — a net loss of 14 holders — while 242 trimmed existing stakes and 224 added.
The largest buyer was Fidelity Investments, adding an estimated $206M. The largest seller was Citadel Advisors, exiting entirely with an estimated $229M sold.
- 631 institutional investors held SBA Communications (SBAC) as of Q3 2020, down from 649 in Q2 2020.
- Funds reported $33.4B of SBA Communications stock for Q3 2020, up 5.3% quarter-over-quarter.
- 58 funds opened new SBA Communications positions in Q3 2020 and 72 closed out, a net change of -14 holders.
- The largest SBA Communications buyer in Q3 2020 was Fidelity Investments, an estimated $206M added.
- The largest SBA Communications seller in Q3 2020 was Citadel Advisors, an estimated $229M sold.
Based on aggregated 13F filings for Q3 2020.