SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionCIBC Private Wealth Group, LLC
Latest Disclosed Ownership37,691 shares
Latest Disclosed Value $ 7,290,666
CIBC Private Wealth Group, LLC reports 6.01% decrease in ownership of SBAC / SBA Communications Corporation

On February 12, 2026 - CIBC Private Wealth Group, LLC filed a 13F-HR form disclosing ownership of 37,691 shares of SBA Communications Corporation (MX:SBAC) valued at $7,290,666 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 24, 2025 disclosing 40,101 shares of SBA Communications Corporation. This represents a change in shares of -6.01% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-12 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 37,691 -2,410 -6.01 7,291 -5.97 0.0123
2025-11-24 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 40,101 -3,499 -8.03 7,754 -24.28 0.0133
2025-08-12 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 43,600 -1,870 -4.11 10,239 7.97 0.0183
2025-05-14 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 45,470 -77,537 -63.03 9,484 -61.40 0.0200
2025-02-12 2024-12-31 13F SBA Communications CL A 78410G104 123,007 -6,526 -5.04 24,566 -21.21 0.0445
2024-11-13 2024-09-30 13F SBA Communications CL A 78410G104 129,533 -1,657 -1.26 31,179 22.53 0.0559
2024-08-09 2024-06-30 13F SBA Communications CL A 78410G104 131,190 -2,956 -2.20 25,446 -11.33 0.0477
2024-05-10 2024-03-31 13F SBA Communications CL A 78410G104 134,146 -64,423 -32.44 28,697 -43.04 0.0562
2024-02-13 2023-12-31 13F SBA COMMUNICATIONS CORP NEW CL A CL A 78410G104 198,569 -1,163 -0.58 50,375 26.00 0.1067
2023-11-13 2023-09-30 13F SBA COMMUNICATIONS CORP NEW CL A CL A 78410G104 199,732 -1,900 -0.94 39,980 -14.44 0.0946
2023-11-21 2023-06-30 13F/A-1 SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 201,632 -110,079 -35.31 46,730 -10.45 0.1022
2023-08-10 2023-06-30 13F SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 201,632 -110,079 46,730 0.1022
2023-11-21 2023-03-31 13F/A-1 SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 311,711 451 0.14 52,183 38.22 0.1155
2023-05-12 2023-03-31 13F SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 308,224 -3,036 52,036 0.1131
2023-06-01 2022-12-31 13F/A-2 SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 311,260 -27,772 -8.19 37,752 -60.88 0.1268
2023-02-14 2022-12-31 13F/A-1 SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 311,260 -27,772 87,249 0.1827
2023-02-13 2022-12-31 13F SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 311,260 -27,772 86,320 0.0001
2022-11-15 2022-09-30 13F SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 339,032 79,364 30.56 96,505 16.12 0.2599
2022-08-03 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 259,668 75,552 41.03 83,107 31.18 0.2158
2022-05-16 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 184,116 291 0.16 63,355 -11.41 0.1383
2022-04-04 2021-12-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 183,825 -1,410 -0.76 71,511 16.79 0.1483
2022-02-08 2021-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 183,825 -1,410 71,511 0.1483
2021-11-12 2021-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 185,235 -3,354 -1.78 61,233 1.88 0.1425
2021-08-16 2021-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 188,589 -2,452 -1.28 60,102 13.35 0.1380
2021-05-12 2021-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 191,041 -145,600 -43.25 53,023 -44.17 0.1335
2021-02-12 2020-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 336,641 -98,340 -22.61 94,978 -31.44 0.2511
2020-11-03 2020-09-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 434,981 306,618 238.87 138,532 262.25 0.4243
2020-08-13 2020-06-30 13F SBA COMMUNICATIONS CORP NEW CL A Com 78410G104 128,363 -480,267 -78.91 38,242 -76.73 0.1858
2020-05-15 2020-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 608,630 214,867 54.57 164,312 73.16 0.7047
2020-01-30 2019-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 393,763 -185,670 -32.04 94,893 -32.09 0.3095
2019-10-16 2019-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 579,433 114,914 24.74 139,730 33.79 0.4915
2019-07-31 2019-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 464,519 -12,185 -2.56 104,442 9.73 0.3665
2019-05-10 2019-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 476,704 235,136 97.34 95,179 143.38 0.3672
2019-02-05 2018-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 241,568 -3,003 -1.23 39,107 -0.45 0.1744
2018-11-14 2018-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 244,571 -4,897 -1.96 39,284 -4.63 0.1489
2018-08-02 2018-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 249,468 1,589 0.64 41,193 -2.77 0.1680
2018-05-17 2018-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 247,879 -948 -0.38 42,367 4.23 0.1841
2018-02-12 2017-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 248,827 -1,230 -0.49 40,648 12.85 0.1724
2017-12-21 2017-09-30 13F/A-1 SBA COMMUNICATIONS CORP NEW CL A CL A 78410G104 250,057 115,653 86.05 36,021 98.67 0.1642
2017-11-14 2017-09-30 13F SBA COMMUNICATIONS CORP NEW CL A CL A 78410G104 250,057 115,653 36,021
2017-08-09 2017-06-30 13F SBA COMMUNICATIONS CORP NEW CL A Com 78410G104 134,404 9,661 7.74 18,131 20.74 0.1138
2017-05-10 2017-03-31 13F SBA COMMUNICATIONS CORP NEW CL A Com 78410G104 124,743 -2,914 -2.28 15,016 13.91 0.0943
2017-02-13 2016-12-31 13F SBA COMMUNICATIONS CORP COM Com 78388J106 127,657 2,810 2.25 13,182 -5.86 0.0872
2016-11-09 2016-09-30 13F SBA COMMUNICATIONS CORP COM Com 78388J106 124,847 2,090 1.70 14,003 5.68 0.0971
2016-08-11 2016-06-30 13F SBA COMMUNICATIONS CORP COM Com 78388J106 122,757 1,140 0.94 13,250 8.78 0.0967
2016-05-11 2016-03-31 13F SBA COMMUNICATIONS CORP COM Com 78388J106 121,617 1,705 1.42 12,181 -3.32 0.0941
2016-02-10 2015-12-31 13F SBA COMMUNICATIONS CORP COM Com 78388J106 119,912 2,511 2.14 12,599 2.46 0.0986
2015-11-12 2015-09-30 13F SBA COMMUNICATIONS CORP COM Com 78388J106 117,401 1,210 1.04 12,296 -7.96 0.1012
2015-08-13 2015-06-30 13F SBA COMMUNICATIONS CORP COM Com 78388J106 116,191 1,251 1.09 13,359 -0.74 0.0972
2015-05-11 2015-03-31 13F SBA COMMUNICATIONS CORP COM Com 78388J106 114,940 6,527 6.02 13,458 12.08 0.0994
2015-02-12 2014-12-31 13F SBA COMMUNICATIONS CORP COM Com 78388J106 108,413 -475 -0.44 12,008 -0.55 0.0919
2014-11-12 2014-09-30 13F SBA COMMUNICATIONS CORP COM Com 78388J106 108,888 -53 -0.05 12,075 8.35 0.0950
2014-08-13 2014-06-30 13F SBA COMMUNICATIONS CORP COM Com 78388J106 108,941 -1,075 -0.98 11,144 12.59 0.0904
2014-05-14 2014-03-31 13F SBA COMMUNICATIONS CORP COM COM 78388J106 110,016 110,016 9,898 0.0842
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.