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SBA Communications

670 hedge funds and large institutions have $23.5B invested in SBA Communications in 2023 Q2 according to their latest regulatory filings, with 61 funds opening new positions, 266 increasing their positions, 245 reducing their positions, and 75 closing their positions.

New
Increased
Maintained
Reduced
Closed

55% more call options, than puts

Call options by funds: $81.7M | Put options by funds: $52.7M

9% more repeat investments, than reductions

Existing positions increased: 266 | Existing positions reduced: 245

0.66% less ownership

Funds ownership: 94.25%93.59% (-0.66%)

3% less funds holding

Funds holding: 689670 (-19)

7% less funds holding in top 10

Funds holding in top 10: 1514 (-1)

12% less capital invested

Capital invested by funds: $26.6B → $23.5B (-$3.11B)

19% less first-time investments, than exits

New positions opened: 61 | Existing positions closed: 75

Holders
670
Holders Change
-19
Holders Change %
-2.76%
% of All Funds
10.52%
Holding in Top 10
14
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-6.67%
% of All Funds
0.22%
New
61
Increased
266
Reduced
245
Closed
75
Calls
$81.7M
Puts
$52.7M
Net Calls
+$29.1M
Net Calls Change
-$7.57M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$4.02B -$50M -208,981 -1%
BlackRock
2
BlackRock
New York
$2.07B -$59.7M -249,529 -3%
State Street
3
State Street
Massachusetts
$1.1B +$5.58M +23,330 +0.5%
Cohen & Steers
4
Cohen & Steers
New York
$961M -$35.1M -146,623 -3%
Deutsche Bank
5
Deutsche Bank
Germany
$705M +$77.6M +324,334 +12%
Principal Financial Group
6
Principal Financial Group
Iowa
$644M +$9.22M +38,564 +1%
JP Morgan Chase
7
JP Morgan Chase
New York
$625M +$38.5M +161,151 +6%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$598M +$12.6M +52,667 +2%
T. Rowe Price Associates
9
T. Rowe Price Associates
Maryland
$575M -$149M -620,915 -20%
Massachusetts Financial Services
10
Massachusetts Financial Services
Massachusetts
$493M +$44.7M +186,760 +10%
Brown Advisory
11
Brown Advisory
Maryland
$489M +$152M +634,135 +43%
Morgan Stanley
12
Morgan Stanley
New York
$468M +$6.27M +26,211 +1%
Dimensional Fund Advisors
13
Dimensional Fund Advisors
Texas
$349M +$2.85M +11,898 +0.8%
Legal & General Group
14
Legal & General Group
United Kingdom
$314M +$8.29M +34,650 +3%
Northern Trust
15
Northern Trust
Illinois
$277M -$1.16M -4,866 -0.4%
Charles Schwab
16
Charles Schwab
California
$261M +$1.46M +6,107 +0.5%
Bank of America
17
Bank of America
North Carolina
$258M +$4.21M +17,581 +2%
Norges Bank
18
Norges Bank
Norway
$240M -$19.6M -81,808 -7%
Goldman Sachs
19
Goldman Sachs
New York
$230M -$50.3M -210,427 -17%
Fidelity Investments
20
Fidelity Investments
Massachusetts
$222M -$12.9M -54,047 -5%
N
21
Nuveen
North Carolina
$221M -$44M -183,760 -16%
American Century Companies
22
American Century Companies
Missouri
$218M -$157M -655,750 -41%
Amundi
23
Amundi
France
$216M +$24.1M +100,669 +12%
Invesco
24
Invesco
Georgia
$207M +$39M +163,174 +22%
Capital Research Global Investors
25
Capital Research Global Investors
California
$191M -$208M -869,460 -51%

SBAC Hedge Fund Activity: Q2 2023 in Review

670 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q2 2023, worth a combined $23.5B — down 12% from $26.6B a quarter earlier.

Sellers outnumbered buyers: 75 funds closed out of SBAC and 61 opened new positions — a net loss of 14 holders — while 245 trimmed existing stakes and 266 added.

The largest buyer was Brown Advisory, adding an estimated $152M. The largest seller was Capital Research Global Investors, cutting an estimated $208M.

  • 670 institutional investors held SBA Communications (SBAC) as of Q2 2023, down from 689 in Q1 2023.
  • Funds reported $23.5B of SBA Communications stock for Q2 2023, down 12% quarter-over-quarter.
  • 61 funds opened new SBA Communications positions in Q2 2023 and 75 closed out, a net change of -14 holders.
  • The largest SBA Communications buyer in Q2 2023 was Brown Advisory, an estimated $152M added.
  • The largest SBA Communications seller in Q2 2023 was Capital Research Global Investors, an estimated $208M sold.

Based on aggregated 13F filings for Q2 2023.