SBA Communications
SBAC
635 hedge funds and large institutions have $20.7B invested in SBA Communications in 2023 Q3 according to their latest regulatory filings, with 60 funds opening new positions, 254 increasing their positions, 247 reducing their positions, and 90 closing their positions.
1.36% more ownership
Funds ownership: 93.59% → 94.94% (+1.4%)
3% more repeat investments, than reductions
Existing positions increased: 254 | Existing positions reduced: 247
5% less funds holding
Funds holding: 671 → 635 (-36)
12% less capital invested
Capital invested by funds: $23.5B → $20.7B (-$2.85B)
24% less call options, than puts
Call options by funds: $42.4M | Put options by funds: $56M
33% less first-time investments, than exits
New positions opened: 60 | Existing positions closed: 90
36% less funds holding in top 10
Funds holding in top 10: 14 → 9 (-5)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Cohen & Steers
New York
|
+$365M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$279M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$187M |
| 4 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
+$181M |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$162M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$290M |
| 2 |
Morgan Stanley
New York
|
-$128M |
| 3 |
D.E. Shaw & Co
New York
|
-$110M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$107M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
-$94.1M |
SBAC Hedge Fund Activity: Q3 2023 in Review
635 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q3 2023, worth a combined $20.7B — down 12% from $23.5B a quarter earlier.
Sellers outnumbered buyers: 90 funds closed out of SBAC and 60 opened new positions — a net loss of 30 holders — while 247 trimmed existing stakes and 254 added.
The largest buyer was Cohen & Steers, adding an estimated $365M. The largest seller was T. Rowe Price Associates, cutting an estimated $290M.
- 635 institutional investors held SBA Communications (SBAC) as of Q3 2023, down from 671 in Q2 2023.
- Funds reported $20.7B of SBA Communications stock for Q3 2023, down 12% quarter-over-quarter.
- 60 funds opened new SBA Communications positions in Q3 2023 and 90 closed out, a net change of -30 holders.
- The largest SBA Communications buyer in Q3 2023 was Cohen & Steers, an estimated $365M added.
- The largest SBA Communications seller in Q3 2023 was T. Rowe Price Associates, an estimated $290M sold.
Based on aggregated 13F filings for Q3 2023.