Holders over time
- SBAC
- WELL
| Quarter | SBAC | WELL |
|---|---|---|
| Q3 2020 | 23 holders, $5.0bn | 8 holders, $1.3bn |
| Q4 2020 | 23 holders, $5.0bn | 8 holders, $2.3bn |
| Q1 2021 | 18 holders, $4.4bn | 6 holders, $2.8bn |
| Q2 2021 | 26 holders, $4.8bn | 7 holders, $3.8bn |
| Q3 2021 | 22 holders, $4.8bn | 8 holders, $4.0bn |
| Q4 2021 | 27 holders, $5.5bn | 11 holders, $3.9bn |
| Q1 2022 | 19 holders, $4.6bn | 12 holders, $5.3bn |
| Q2 2022 | 18 holders, $4.8bn | 15 holders, $5.0bn |
| Q3 2022 | 19 holders, $4.3bn | 14 holders, $4.0bn |
| Q4 2022 | 22 holders, $4.3bn | 12 holders, $3.6bn |
| Q1 2023 | 24 holders, $2.9bn | 9 holders, $4.1bn |
| Q2 2023 | 22 holders, $2.4bn | 8 holders, $4.7bn |
| Q3 2023 | 21 holders, $2.0bn | 9 holders, $5.0bn |
| Q4 2023 | 20 holders, $2.8bn | 12 holders, $4.3bn |
| Q1 2024 | 23 holders, $2.4bn | 15 holders, $4.6bn |
| Q2 2024 | 21 holders, $2.0bn | 16 holders, $5.0bn |
| Q3 2024 | 21 holders, $2.6bn | 18 holders, $7.1bn |
| Q4 2024 | 19 holders, $2.8bn | 16 holders, $7.0bn |
| Q1 2025 | 19 holders, $3.3bn | 21 holders, $9.6bn |
| Q2 2025 | 14 holders, $3.0bn | 25 holders, $10.4bn |
| Q3 2025 | 12 holders, $2.5bn | 22 holders, $13.2bn |
| Q4 2025 | 10 holders, $3.2bn | 19 holders, $14.8bn |
| Q1 2026 | 12 holders, $3.0bn | 22 holders, $18.2bn |
| Q2 2026 | 10 holders, $2.9bn | 21 holders, $21.3bn |
Sba Communications Corp
- Holders
- 12
- Reported value
- $2.5bn
- Buyers
- 11
- Sellers
- 3
Breadth +8 among 95 comparable managers.
Welltower Inc
- Holders
- 22
- Reported value
- $13.2bn
- Buyers
- 12
- Sellers
- 9
Breadth +3 among 95 comparable managers.
Who holds both, Q3 2025
Both (5)
Balyasny Asset Management LLC, Freestone Grove Partners LP, Invesco Ltd, Neuberger Berman Group LLC, Schonfeld Strategic Advisors LLC
Only SBAC (7)
Arrowstreet Capital LP, Dodge & Cox, ExodusPoint Capital Management LP, Holocene Advisors LP, Hudson Bay Capital Management LP, Man Group PLC, Tudor Investment Corp
Only WELL (17)
Acadian Asset Management LLC, AllianceBernstein LP, AQR Capital Management LLC, Artisan Partners LP, Capital Research Global Investors, Capital World Investors, D. E. Shaw & Co., Fidelity (FMR LLC), GAMCO Investors Inc, Janus Henderson Group Ltd, Marshall Wace LLP, Quantbot Technologies LP, Renaissance Technologies LLC, T. Rowe Price Associates Inc, Two Sigma Investments LP, Wellington Management Group LLP, Woodline Partners LP
How much of the picture this is
A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. Buyers and sellers count comparable managers (those that filed both quarters) by shares, so a rise in value with no rise in shares is the price. Large books are listed to their largest positions. These are 95 tracked managers, not the institutional market.