SBA Communications
SBAC
641 hedge funds and large institutions have $19.8B invested in SBA Communications in 2024 Q2 according to their latest regulatory filings, with 63 funds opening new positions, 250 increasing their positions, 261 reducing their positions, and 81 closing their positions.
86% more call options, than puts
Call options by funds: $49.3M | Put options by funds: $26.5M
0.93% less ownership
Funds ownership: 95.03% → 94.09% (-0.93%)
4% less repeat investments, than reductions
Existing positions increased: 250 | Existing positions reduced: 261
4% less funds holding
Funds holding: 669 → 641 (-28)
10% less funds holding in top 10
Funds holding in top 10: 10 → 9 (-1)
11% less capital invested
Capital invested by funds: $22.2B → $19.8B (-$2.38B)
22% less first-time investments, than exits
New positions opened: 63 | Existing positions closed: 81
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Man Group
London,
United Kingdom
|
+$142M |
| 2 |
Barrow, Hanley, Mewhinney & Strauss
Dallas,
Texas
|
+$136M |
| 3 |
PC
Permit Capital
West Conshohocken,
Pennsylvania
|
+$113M |
| 4 |
JP Morgan Chase
New York
|
+$109M |
| 5 |
Bessemer Group
Woodbridge,
New Jersey
|
+$93.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Investment Management
Baltimore,
Maryland
|
-$221M |
| 2 |
Brown Advisory
Baltimore,
Maryland
|
-$214M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$203M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
-$101M |
| 5 |
Point72 Asset Management
Stamford,
Connecticut
|
-$90.3M |
SBAC Hedge Fund Activity: Q2 2024 in Review
641 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q2 2024, worth a combined $19.8B — down 11% from $22.2B a quarter earlier.
Sellers outnumbered buyers: 81 funds closed out of SBAC and 63 opened new positions — a net loss of 18 holders — while 261 trimmed existing stakes and 250 added.
The largest buyer was Man Group, adding an estimated $142M. The largest seller was T. Rowe Price Investment Management, cutting an estimated $221M.
- 641 institutional investors held SBA Communications (SBAC) as of Q2 2024, down from 669 in Q1 2024.
- Funds reported $19.8B of SBA Communications stock for Q2 2024, down 11% quarter-over-quarter.
- 63 funds opened new SBA Communications positions in Q2 2024 and 81 closed out, a net change of -18 holders.
- The largest SBA Communications buyer in Q2 2024 was Man Group, an estimated $142M added.
- The largest SBA Communications seller in Q2 2024 was T. Rowe Price Investment Management, an estimated $221M sold.
Based on aggregated 13F filings for Q2 2024.