SBA Communications
SBAC
666 hedge funds and large institutions have $21.6B invested in SBA Communications in 2024 Q4 according to their latest regulatory filings, with 91 funds opening new positions, 261 increasing their positions, 242 reducing their positions, and 94 closing their positions.
76% more call options, than puts
Call options by funds: $41M | Put options by funds: $23.3M
2.04% more ownership
Funds ownership: 96.46% → 98.5% (+2%)
8% more repeat investments, than reductions
Existing positions increased: 261 | Existing positions reduced: 242
3% less first-time investments, than exits
New positions opened: 91 | Existing positions closed: 94
2% less funds holding
Funds holding: 680 → 666 (-14)
13% less capital invested
Capital invested by funds: $24.9B → $21.6B (-$3.36B)
33% less funds holding in top 10
Funds holding in top 10: 9 → 6 (-3)
Top Buyers
| 1 |
Dodge & Cox
San Francisco,
California
|
+$1.29B |
| 2 |
BC
Brookfield Corp
Toronto,
Ontario, Canada
|
+$222M |
| 3 |
BlackRock
New York
|
+$203M |
| 4 |
Victory Capital Management
San Antonio,
Texas
|
+$127M |
| 5 |
VGM
Voyager Global Management
New York
|
+$106M |
Top Sellers
| 1 |
Principal Financial Group
Des Moines,
Iowa
|
-$491M |
| 2 |
American Century Companies
Kansas City,
Missouri
|
-$172M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$152M |
| 4 |
Millennium Management
New York
|
-$147M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
-$108M |
SBAC Hedge Fund Activity: Q4 2024 in Review
666 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in SBA Communications (SBAC) for Q4 2024, worth a combined $21.6B — down 13% from $24.9B a quarter earlier.
Sellers outnumbered buyers: 94 funds closed out of SBAC and 91 opened new positions — a net loss of 3 holders — while 242 trimmed existing stakes and 261 added.
The largest buyer was Dodge & Cox, adding an estimated $1.29B. The largest seller was Principal Financial Group, cutting an estimated $491M.
- 666 institutional investors held SBA Communications (SBAC) as of Q4 2024, down from 680 in Q3 2024.
- Funds reported $21.6B of SBA Communications stock for Q4 2024, down 13% quarter-over-quarter.
- 91 funds opened new SBA Communications positions in Q4 2024 and 94 closed out, a net change of -3 holders.
- The largest SBA Communications buyer in Q4 2024 was Dodge & Cox, an estimated $1.29B added.
- The largest SBA Communications seller in Q4 2024 was Principal Financial Group, an estimated $491M sold.
Based on aggregated 13F filings for Q4 2024.