SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionCommerce Bank
Latest Disclosed Ownership2,190 shares
Latest Disclosed Value $ 376,920
Commerce Bank reports 5.24% increase in ownership of SBAC / SBA Communications Corporation

On May 11, 2026 - Commerce Bank filed a 13F-HR form disclosing ownership of 2,190 shares of SBA Communications Corporation (MX:SBAC) valued at $376,920 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 2,081 shares of SBA Communications Corporation. This represents a change in shares of 5.24% 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)
2026-05-11 2026-03-31 13F SBA COMMUNICATIONS CL A 78410G104 2,190 109 5.24 377 -6.47 0.0008
2026-02-13 2025-12-31 13F SBA COMMUNICATIONS CL A 78410G104 2,081 -256 -10.95 403 -10.86 0.0022
2025-11-12 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,337 45 1.96 452 -16.17 0.0025
2025-08-07 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,292 -27 -1.16 538 5.49 0.0032
2025-05-08 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,319 -459 -16.52 510 -9.89 0.0033
2025-02-13 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,778 8 0.29 566 -15.02 0.0035
2024-11-08 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,770 10 0.36 667 23.11 0.0041
2024-08-12 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,760 334 13.77 542 3.05 0.0035
2024-05-03 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,426 21 0.87 526 -13.93 0.0035
2024-02-09 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,405 103 4.47 610 32.61 0.0043
2023-11-14 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,302 99 4.49 461 -9.80 0.0036
2023-08-08 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,203 -2,288 -50.95 511 -56.48 0.0038
2023-05-04 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,491 57 1.29 1,172 -5.64 0.0092
2023-02-10 2022-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,434 -60 -1.34 1,243 -2.89 0.0101
2022-11-04 2022-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,494 0 0.00 1,279 -11.06 0.0111
2022-08-12 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,494 50 1.13 1,438 -5.95 0.0117
2022-05-09 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,444 20 0.45 1,529 -11.16 0.0105
2022-02-14 2021-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,424 101 2.34 1,721 20.43 0.0113
2021-11-09 2021-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,323 -155 -3.46 1,429 0.07 0.0101
2021-08-09 2021-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,478 -42 -0.93 1,428 13.78 0.0101
2021-05-05 2021-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,520 12 0.27 1,255 -1.34 0.0095
2021-02-09 2020-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,508 927 25.89 1,272 11.48 0.0103
2020-11-06 2020-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,581 1,018 39.72 1,141 49.35 0.0103
2020-08-07 2020-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,563 -10,928 -81.00 764 -79.02 0.0074
2020-05-08 2020-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 13,491 -2,001 -12.92 3,642 -2.46 0.0441
2020-02-14 2019-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 15,492 589 3.95 3,734 3.90 0.0356
2019-11-12 2019-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 14,903 10,772 260.76 3,594 287.28 0.0369
2019-08-07 2019-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,131 679 19.67 928 34.69 0.0104
2019-05-08 2019-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,452 89 2.65 689 26.65 0.0082
2019-02-11 2018-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,363 289 9.40 544 10.12 0.0069
2018-11-02 2018-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,074 87 2.91 494 0.20 0.0059
2018-08-08 2018-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,987 -139 -4.45 493 -7.85 0.0063
2018-05-03 2018-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,126 -2,959 -48.63 535 -46.18 0.0071
2018-02-12 2017-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,085 -1 -0.02 994 13.34 0.0129
2017-11-07 2017-09-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 6,086 2,800 85.21 877 97.97 0.0119
2017-11-07 2017-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,286 443
2017-08-08 2017-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,286 -300 -8.37 443 2.55 0.0062
2017-05-05 2017-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,586 297 9.03 432 27.06 0.0062
2017-02-08 2016-12-31 13F SBA COMMUNICATIONS COM 78388J106 3,289 300 10.04 340 1.49 0.0051
2016-11-03 2016-09-30 13F SBA COMMUNICATIONS COM 78388J106 2,989 -43 -1.42 335 2.45 0.0052
2016-08-09 2016-06-30 13F SBA COMMUNICATIONS COM 78388J106 3,032 100 3.41 327 11.60 0.0052
2016-04-27 2016-03-31 13F SBA COMMUNICATIONS COM 78388J106 2,932 462 18.70 293 13.13 0.0049
2016-02-12 2015-12-31 13F SBA COMMUNICATIONS COM 78388J106 2,470 -147 -5.62 259 -5.47 0.0043
2015-11-10 2015-09-30 13F SBA COMMUNICATIONS COM 78388J106 2,617 -65 -2.42 274 -11.04 0.0047
2015-08-03 2015-06-30 13F SBA COMMUNICATIONS COM 78388J106 2,682 -150 -5.30 308 -6.95 0.0048
2015-05-06 2015-03-31 13F SBA COMMUNICATIONS COM 78388J106 2,832 -499 -14.98 331 -10.30 0.0051
2015-02-11 2014-12-31 13F SBA COMMUNICATIONS COM 78388J106 3,331 649 24.20 369 23.83 0.0058
2014-11-06 2014-09-30 13F SBA COMMUNICATIONS COM 78388J106 2,682 -253 -8.62 298 -0.67 0.0049
2014-08-05 2014-06-30 13F SBA COMMUNICATIONS COM 78388J106 2,935 -373 -11.28 300 -0.33 0.0049
2014-05-09 2014-03-31 13F SBA COMMUNICATIONS COM 78388J106 3,308 0 0.00 301 1.35 0.0051
2014-02-14 2013-12-31 13F SBA COMMUNICATIONS COM 78388J106 3,308 -254 -7.13 297 3.48 0.0051
2013-11-05 2013-09-30 13F/A-1 SBA COMMUNICATIONS COM 78388J106 3,102 -206 202 0.0036
2013-11-05 2013-09-30 13F/A-2 SBA COMMUNICATIONS COM 78388J106 3,562 254 7.68 287 17.14 0.0052
2013-11-04 2013-09-30 13F SBA COMMUNICATIONS COM 78388J106 3,102 202
2013-08-07 2013-06-30 13F SBA COMMUNICATIONS COM 78388J106 3,308 0 0.00 245 2.94 0.0046
2013-08-08 2013-03-31 13F/A-1 SBA COMMUNICATIONS COM 78388J106 3,308 3,308 238 0.0046
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.