SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionHeadlands Technologies LLC
Latest Disclosed Ownership2,163 shares
Latest Disclosed Value $ 372,274
Headlands Technologies LLC ownership in SBAC / SBA Communications Corporation

On May 13, 2026 - Headlands Technologies LLC filed a 13F-HR form disclosing ownership of 2,163 shares of SBA Communications Corporation (MX:SBAC) valued at $372,274 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 0 shares of SBA Communications Corporation.

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)
2026-05-13 2026-03-31 13F SBA COMMUNICATIONS CL A 78410G104 2,163 2,163 372 0.0424
2026-02-13 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 0 -5,022 -100.00 0 -100.00
2025-11-12 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,022 5,022 971 0.0775
2025-02-12 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 0 -7,523 -100.00 0 -100.00
2024-11-12 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 7,523 804 11.97 1,811 37.33 0.2082
2024-08-07 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,719 685 11.35 1,319 0.84 0.1399
2024-05-07 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,034 2,902 92.66 1,308 64.61 0.3141
2024-02-02 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,132 -636 -16.88 795 5.31 0.2369
2023-11-09 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,768 -4,929 -56.67 754 -62.58 0.3708
2023-08-03 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 8,697 7,559 664.24 2,016 578.45 0.6449
2023-05-01 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,138 -141 -11.02 297 0.1975
2023-02-14 2022-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,279 1,279 0 0.2842
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.