TCW funds, an investment management company, released its “TCW Global Real Estate Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fund (I Share) returned +2.37% in the quarter compared to +4.50% for the S&P Global REIT Index. The overweight allocation in Diversified Real Estate Activities had a favorable impact on the fund’s relative performance in the quarter, while the overweight in Telecom Tower REITs had a negative effect. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its third-quarter 2025 investor letter, TCW Global Real Estate Fund highlighted stocks such as SBA Communications Corporation (NASDAQ:SBAC). SBA Communications Corporation (NASDAQ:SBAC) is an independent owner and operator of wireless communications infrastructure. The one-month return of SBA Communications Corporation (NASDAQ:SBAC) was 2.14%, and its shares lost 5.27% of their value over the last 52 weeks. On December 26, 2025, SBA Communications Corporation (NASDAQ:SBAC) stock closed at $192.60 per share, with a market capitalization of $20.524 billion.
TCW Global Real Estate Fund stated the following regarding SBA Communications Corporation (NASDAQ:SBAC) in its third quarter 2025 investor letter:
“Our two worst performing securities were SBA Communications Corporation (NASDAQ:SBAC) (SBAC; 4.79%**; Telecom Tower Reits) and American Tower Corporation (AMT; 6.32%**; Telecom Tower Reits).
SBA Communications Corporation (NASDAQ:SBAC) is not on our list of 30 Most Popular Stocks Among Hedge Funds. According to our database, 35 hedge fund portfolios held SBA Communications Corporation (NASDAQ:SBAC) at the end of the third quarter, compared to 41 in the previous quarter. While we acknowledge the potential of SBA Communications Corporation (NASDAQ:SBAC) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
