SBA Communications
SBAC
668 hedge funds and large institutions have $22.2B invested in SBA Communications in 2024 Q1 according to their latest regulatory filings, with 71 funds opening new positions, 255 increasing their positions, 259 reducing their positions, and 98 closing their positions.
79% more call options, than puts
Call options by funds: $84.6M | Put options by funds: $47.2M
2% less repeat investments, than reductions
Existing positions increased: 255 | Existing positions reduced: 259
4.24% less ownership
Funds ownership: 99.26% → 95.03% (-4.2%)
5% less funds holding
Funds holding: 702 → 668 (-34)
17% less funds holding in top 10
Funds holding in top 10: 12 → 10 (-2)
18% less capital invested
Capital invested by funds: $27.1B → $22.2B (-$4.93B)
28% less first-time investments, than exits
New positions opened: 71 | Existing positions closed: 98
Top Buyers
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
+$339M |
| 2 |
JP Morgan Chase
New York
|
+$128M |
| 3 |
Diamond Hill Capital Management
Columbus,
Ohio
|
+$127M |
| 4 |
BlackRock
New York
|
+$96.1M |
| 5 |
Man Group
London,
United Kingdom
|
+$95.1M |
Top Sellers
| 1 |
Cohen & Steers
New York
|
-$731M |
| 2 |
Morgan Stanley
New York
|
-$340M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$226M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$161M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$145M |
SBAC Hedge Fund Activity: Q1 2024 in Review
668 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q1 2024, worth a combined $22.2B — down 18% from $27.1B a quarter earlier.
Sellers outnumbered buyers: 98 funds closed out of SBAC and 71 opened new positions — a net loss of 27 holders — while 259 trimmed existing stakes and 255 added.
The largest buyer was Principal Financial Group, adding an estimated $339M. The largest seller was Cohen & Steers, cutting an estimated $731M.
- 668 institutional investors held SBA Communications (SBAC) as of Q1 2024, down from 702 in Q4 2023.
- Funds reported $22.2B of SBA Communications stock for Q1 2024, down 18% quarter-over-quarter.
- 71 funds opened new SBA Communications positions in Q1 2024 and 98 closed out, a net change of -27 holders.
- The largest SBA Communications buyer in Q1 2024 was Principal Financial Group, an estimated $339M added.
- The largest SBA Communications seller in Q1 2024 was Cohen & Steers, an estimated $731M sold.
Based on aggregated 13F filings for Q1 2024.