| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 6.9M | $1.22B | +0.2% | 6.540% | 0.03% |
| 5 | STATE STREET CORP | 5.1M | $903.3M | +3.2% | 4.827% | 0.01% |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 3.2M | $558.4M | +0.8% | 2.994% | 0.03% |
| 7 | JPMORGAN CHASE & CO | 2.7M | $485.9M | -30.8% | 2.552% | 0.03% |
| 8 | Invesco Ltd. | 1.9M | $341.4M | -1.5% | 1.824% | 0.03% |
| 9 | DEUTSCHE BANK AG\ | 1.8M | $319.8M | +278.2% | 1.709% | 0.09% |
| 10 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.7M | $301.8M | +8.4% | 1.613% | 0.04% |
| 11 | DIMENSIONAL FUND ADVISORS LP | 1.6M | $284.3M | -0.1% | 1.519% | 0.05% |
| 12 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1.6M | $276.8M | -2.9% | 1.479% | 0.12% |
| 13 | NORGES BANK | 1.5M | $261.8M | — | 1.399% | 0.03% |
| 14 | Legal & General Group Plc | 1.4M | $252.0M | -5.3% | 1.347% | 0.05% |
| 15 | Long Pond Capital, LP | 1.4M | $245.1M | +247.2% | 1.309% | 23.56% |
| 16 | CITADEL ADVISORS LLC | 1.4M | $244.0M | +215.0% | 1.304% | 0.01% |
| 17 | Diamond Hill Capital Management, LLC (Investment Advisor) | 1.3M | $228.4M | -33.1% | 1.220% | 1.83% |
| 18 | NORDEA INVESTMENT MANAGEMENT AB | 1.3M | $228.3M | +2.7% | 1.225% | 0.19% |
| 19 | MORGAN STANLEY | 1.3M | $225.3M | +14.3% | 1.204% | 0.01% |
| 20 | PRINCIPAL FINANCIAL GROUP INC | 1.2M | $203.3M | +722.7% | 1.086% | 0.10% |
| 21 | FMR LLC | 1.0M | $182.4M | +46.3% | 0.974% | 0.01% |
| 22 | NORTHERN TRUST CORP | 995K | $175.6M | +1.2% | 0.938% | 0.02% |
| 23 | Alyeska Investment Group, L.P. | 992K | $175.1M | — | 0.935% | 0.45% |
| 24 | CANADA PENSION PLAN INVESTMENT BOARD | 908K | $160.2M | 0.0% | 0.856% | 0.09% |
| 25 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME | 901K | $158.9M | -2.8% | 0.849% | 0.03% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in SBAC — a direct measure of their conviction.
| 97.11% |
| 2.34 pp |
| $22.05B |
| +9.6% |
| Q4 2024 | 646 | 2.3% | 99.45% | +4.85 pp | $20.12B | 12% |
| Q3 2024 | 661 | — | 94.60% | — | $22.92B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
SBAC institutional ownership rose by 2.56 percentage points quarter-over-quarter, with a net change of +14 holders.
The top 10 institutions account for 55.0% of all reported 13F value in SBAC, and the top 25 account for 73.5%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.