SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionHighTower Advisors, LLC
Latest Disclosed Ownership36,943 shares
Latest Disclosed Value $ 6,358,613
HighTower Advisors, LLC reports 3.86% decrease in ownership of SBAC / SBA Communications Corporation

On May 5, 2026 - HighTower Advisors, LLC filed a 13F-HR form disclosing ownership of 36,943 shares of SBA Communications Corporation (MX:SBAC) valued at $6,358,613 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 6, 2026 disclosing 38,428 shares of SBA Communications Corporation. This represents a change in shares of -3.86% 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)
2026-05-05 2026-03-31 13F SBA COMMUNICATIONS CL A 78410G104 36,943 -1,485 -3.86 6,359 -14.46 0.0067
2026-02-06 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 38,428 -4,995 -11.50 7,433 -11.47 0.0081
2025-11-07 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 43,423 -1,428 -3.18 8,396 -20.28 0.0095
2025-08-11 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 44,851 -969 -2.11 10,533 4.48 0.0132
2025-05-13 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 45,820 -807 -1.73 10,081 6.08 0.0137
2025-02-07 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 46,627 375 0.81 9,503 -14.10 0.0130
2024-11-14 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 46,252 655 1.44 11,062 23.27 0.0158
2024-08-13 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 45,597 1,755 4.00 8,974 -5.55 0.0139
2024-05-06 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 43,842 690 1.60 9,501 -13.60 0.0154
2024-02-12 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 43,152 -150 -0.35 10,996 27.08 0.0185
2023-11-08 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 43,302 1,507 3.61 8,653 -10.26 0.0163
2023-08-14 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 41,795 1,241 3.06 9,642 -9.17 0.0190
2023-05-12 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 40,554 548 1.37 10,615 -5.21 0.0232
2023-02-09 2022-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 40,006 699 1.78 11,198 0.20 0.0256
2022-11-09 2022-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 39,307 -691 -1.73 11,176 -12.84 0.0299
2022-08-10 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 39,998 -695 -1.71 12,822 -8.21 0.0331
2022-05-12 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 40,693 236 0.58 13,969 -11.58 0.0311
2022-02-10 2021-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 40,457 36,129 834.77 15,798 997.08 0.0346
2021-11-12 2021-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,328 345 8.66 1,440 12.76 0.0039
2021-08-06 2021-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,983 482 13.77 1,277 31.65 0.0037
2021-05-10 2021-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,501 -280 -7.41 970 -8.75 0.0031
2021-02-10 2020-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,781 -1,080 -22.22 1,063 -31.42 0.0044
2020-11-13 2020-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,861 66 1.38 1,550 8.39 0.0075
2020-08-10 2020-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,795 -580 -10.79 1,430 -1.38 0.0078
2020-05-21 2020-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,375 494 10.12 1,450 23.51 0.0094
2020-02-14 2019-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,881 106 2.22 1,174 2.18 0.0069
2019-11-12 2019-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,775 -916 -16.10 1,149 -10.09 0.0063
2019-08-13 2019-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,691 -241 -4.06 1,278 7.67 0.0076
2019-05-15 2019-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,932 125 2.15 1,187 28.88 0.0079
2019-02-14 2018-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,807 860 17.38 921 16.14 0.0071
2018-11-09 2018-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,947 495 11.12 793 8.04 0.0057
2018-08-14 2018-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,452 513 13.02 734 8.58 0.0057
2018-05-15 2018-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,939 -351 -8.18 676 -3.70 0.0057
2018-02-14 2017-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,290 -15 -0.35 702 13.23 0.0058
2017-11-14 2017-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,305 -290 -6.31 620 -0.16 0.0053
2017-09-22 2017-06-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 4,595 488 11.88 621 25.20 0.0056
2017-08-14 2017-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,595 488 621
2017-05-15 2017-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,107 4,107 -10.62 496 -20.13 0.0047
2017-02-10 2016-12-31 13F SBA COMMUNICATIONS COM 78388J106 0 -7,151 -100.00 0 -100.00
2016-11-14 2016-09-30 13F SBA COMMUNICATIONS COM 78388J106 7,151 576 8.76 801 12.34 0.0093
2016-08-11 2016-06-30 13F SBA COMMUNICATIONS COM 78388J106 6,575 -963 -12.78 713 -6.18 0.0090
2016-05-16 2016-03-31 13F SBA COMMUNICATIONS COM 78388J106 7,538 -3,170 -29.60 760 -32.38 0.0025
2016-05-18 2015-12-31 13F/A-1 SBA COMMUNICATIONS COM 78388J106 10,708 6,730 169.18 1,124 166.98 0.0134
2016-02-12 2015-12-31 13F SBA COMMUNICATIONS COM 78388J106 10,708 3,170 1,124
2015-11-16 2015-09-30 13F SBA COMMUNICATIONS COM 78388J106 3,978 204 5.41 421 -2.77 0.0056
2015-08-11 2015-06-30 13F SBA COMMUNICATIONS COM 78388J106 3,774 23 0.61 433 -1.37 0.0069
2015-05-15 2015-03-31 13F SBA COMMUNICATIONS COM 78388J106 3,751 1,781 90.41 439 101.38 0.0065
2015-02-17 2014-12-31 13F SBA COMMUNICATIONS COM 78388J106 1,970 -7,168 -78.44 218 -78.48 0.0033
2014-11-14 2014-09-30 13F SBA COMMUNICATIONS COM 78388J106 9,138 273 3.08 1,013 11.69 0.0171
2014-08-13 2014-06-30 13F SBA COMMUNICATIONS COM 78388J106 8,865 1,655 22.95 907 38.26 0.0157
2014-05-15 2014-03-31 13F SBA COMMUNICATIONS COM 78388J106 7,210 158 2.24 656 3.47 0.0128
2014-02-14 2013-12-31 13F SBA COMMUNICATIONS COM 78388J106 7,052 771 12.28 634 25.54 0.0130
2013-11-15 2013-09-30 13F SBA COMMUNICATIONS COM 78388J106 6,281 -267 -4.08 505 4.12 0.0126
2013-08-14 2013-06-30 13F SBA COMMUNICATIONS COM 78388J106 6,548 6,548 485 0.0132
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.