SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionDimensional Fund Advisors Lp
Latest Disclosed Ownership1,612,785 shares
Latest Disclosed Value $ 277,567,398
Dimensional Fund Advisors Lp reports 2.98% increase in ownership of SBAC / SBA Communications Corporation

On May 7, 2026 - Dimensional Fund Advisors Lp filed a 13F-HR form disclosing ownership of 1,612,785 shares of SBA Communications Corporation (MX:SBAC) valued at $277,567,398 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 1,566,165 shares of SBA Communications Corporation. This represents a change in shares of 2.98% 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)
2026-05-07 2026-03-31 13F SBA COMMUNICATIONS CL A 78410G104 1,612,785 46,620 2.98 277,567 -8.38 0.0124
2026-02-12 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,566,165 1,375 0.09 302,949 0.13 0.0635
2025-11-12 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,564,790 58,449 3.88 302,563 -14.47 0.0649
2025-08-12 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,506,341 -1,597 -0.11 353,734 6.63 0.0819
2025-05-13 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,507,938 14,918 1.00 331,753 9.03 0.0825
2025-02-13 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,493,020 7,078 0.48 304,277 -14.93 0.0731
2024-11-07 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,485,942 -17,555 -1.17 357,658 21.18 0.0868
2024-08-09 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,503,497 -27,365 -1.79 295,140 -11.03 0.0771
2024-05-10 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,530,862 8,230 0.54 331,738 -14.12 0.0898
2024-02-07 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,522,632 -3,045 -0.20 386,278 26.49 0.1128
2023-11-09 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,525,677 19,748 1.31 305,393 -12.50 0.1002
2023-08-09 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,505,929 11,898 0.80 349,011 -10.52 0.1112
2023-05-12 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,494,031 29,876 2.04 390,039 95,031.46 0.1314
2023-02-09 2022-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,464,155 -3,796 -0.26 410 -99.90 0.1213
2022-11-10 2022-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,467,951 6,952 0.48 417,849 -10.64 0.1604
2022-08-12 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,460,999 -30,654 -2.06 467,583 -8.90 0.1677
2022-05-13 2022-03-31 13F SBA COMMUNICATIONS CORP CLA 78410G104 1,491,653 -13,209 -0.88 513,276 -12.32 0.1581
2022-02-09 2021-12-31 13F SBA COMMUNICATIONS CORP CLA 78410G104 1,504,862 -27,946 -1.82 585,419 15.53 0.1770
2021-11-12 2021-09-30 13F SBA COMMUNICATIONS CORP CLA 78410G104 1,532,808 -20,712 -1.33 506,707 2.34 0.1632
2021-08-12 2021-06-30 13F SBA COMMUNICATIONS CORP CLA 78410G104 1,553,520 -7,029 -0.45 495,114 14.16 0.1568
2021-05-14 2021-03-31 13F SBA COMMUNICATIONS CORP CLA 78410G104 1,560,549 -17,582 -1.11 433,688 -2.59 0.1434
2021-03-08 2020-12-31 13F/A-2 SBA COMMUNICATIONS CORP CLA 78410G104 1,578,131 -63,096 -3.84 445,219 -14.82 0.1608
2021-02-11 2020-12-31 13F SBA COMMUNICATIONS CORP CLA 78410G104 1,578,131 -63,096 445,219 160,789.4381
2020-11-12 2020-09-30 13F SBA COMMUNICATIONS CORP CLA 78410G104 1,641,227 -30,637 -1.83 522,680 4.94 0.2216
2020-08-13 2020-06-30 13F SBA COMMUNICATIONS CORP CLA 78410G104 1,671,864 18,467 1.12 498,052 11.57 0.2189
2020-05-14 2020-03-31 13F SBA COMMUNICATIONS CORP CLA 78410G104 1,653,397 -67,192 -3.91 446,393 7.66 0.2326
2020-02-14 2019-12-31 13F SBA COMMUNICATIONS CORP CLA 78410G104 1,720,589 -9,692 -0.56 414,637 -0.62 0.1511
2019-11-12 2019-09-30 13F SBA COMMUNICATIONS CORP CLA 78410G104 1,730,281 -2,548 -0.15 417,244 7.09 0.1621
2019-08-13 2019-06-30 13F SBA COMMUNICATIONS CORP CLA 78410G104 1,732,829 -2,742 -0.16 389,610 12.44 0.1513
2019-08-12 2019-03-31 13F/A-2 SBA COMMUNICATIONS CORP CLA 78410G104 1,735,571 -5,937 -0.34 346,510 22.90 0.1380
2019-05-10 2019-03-31 13F SBA COMMUNICATIONS CORP CLA 78410G104 1,735,571 -5,937 346,510
2019-02-26 2018-12-31 13F/A-1 SBA COMMUNICATIONS CORP CLA 78410G104 1,741,508 -8,837 -0.50 281,936 0.28 0.1277
2019-02-13 2018-12-31 13F SBA COMMUNICATIONS CORP CLA 78410G104 1,741,508 -8,837 281,936
2018-11-13 2018-09-30 13F SBA COMMUNICATIONS CORP CLA 78410G104 1,750,345 31,268 1.82 281,151 -0.95 0.1070
2018-08-10 2018-06-30 13F SBA COMMUNICATIONS CORP CLA 78410G104 1,719,077 24,178 1.43 283,854 -2.01 0.1132
2018-05-11 2018-03-31 13F SBA COMMUNICATIONS CORP CLA 78410G104 1,694,899 88,920 5.54 289,691 10.42 0.1207
2018-02-12 2017-12-31 13F SBA COMMUNICATIONS CORP CLA 78410G104 1,605,979 438,985 37.62 262,353 56.06 0.1088
2017-11-13 2017-09-30 13F SBA COMMUNICATIONS CORP CLA 78410G104 1,166,994 480,852 70.08 168,105 81.62 0.0735
2017-08-11 2017-06-30 13F SBA COMMUNICATIONS CORP CLA 78410G104 686,142 505,530 279.90 92,560 325.84 0.0427
2017-05-12 2017-03-31 13F SBA COMMUNICATIONS CORP CLA 78410G104 180,612 -78,348 -30.25 21,736 -18.72 0.0104
2017-02-09 2016-12-31 13F SBA COMMUNICATIONS COM 78388J106 258,960 -9,534 -3.55 26,743 -11.19 0.0134
2016-11-10 2016-09-30 13F SBA COMMUNICATIONS COM 78388J106 268,494 7,079 2.71 30,113 6.72 0.0163
2016-08-09 2016-06-30 13F SBA COMMUNICATIONS COM 78388J106 261,415 1,129 0.43 28,216 8.22 0.0162
2016-05-13 2016-03-31 13F SBA COMMUNICATIONS COM 78388J106 260,286 6,196 2.44 26,072 -2.34 0.0156
2016-02-10 2015-12-31 13F SBA COMMUNICATIONS COM 78388J106 254,090 8,435 3.43 26,697 3.76 0.0166
2015-11-13 2015-09-30 13F SBA COMMUNICATIONS COM 78388J106 245,655 -6,200 -2.46 25,729 -11.15 0.0169
2015-08-14 2015-06-30 13F SBA COMMUNICATIONS COM 78388J106 251,855 6,753 2.76 28,959 0.87 0.0177
2015-05-14 2015-03-31 13F SBA COMMUNICATIONS COM 78388J106 245,102 -11,971 -4.66 28,709 0.81 0.0181
2015-02-06 2014-12-31 13F SBA COMMUNICATIONS COM 78388J106 257,073 6,006 2.39 28,477 2.27 0.0187
2014-11-13 2014-09-30 13F SBA COMMUNICATIONS COM 78388J106 251,067 9,481 3.92 27,844 12.67 0.0197
2014-08-08 2014-06-30 13F SBA COMMUNICATIONS COM 78388J106 241,586 81,992 51.38 24,712 70.17 0.0172
2014-05-14 2014-03-31 13F SBA COMMUNICATIONS COM 78388J106 159,594 19,286 13.75 14,522 15.22 0.0109
2014-02-12 2013-12-31 13F SBA COMMUNICATIONS COM 78388J106 140,308 2,410 1.75 12,604 13.62 0.0098
2013-11-13 2013-09-30 13F SBA COMMUNICATIONS COM 78388J106 137,898 11,611 9.19 11,093 18.50 0.0096
2013-08-15 2013-06-30 13F SBA COMMUNICATIONS COM 78388J106 126,287 126,287 9,361 0.0088
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.