SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionM&t Bank Corp
Latest Disclosed Ownership2,445 shares
Latest Disclosed Value $ 420,810
M&t Bank Corp reports 36.56% decrease in ownership of SBAC / SBA Communications Corporation

On May 12, 2026 - M&t Bank Corp filed a 13F-HR form disclosing ownership of 2,445 shares of SBA Communications Corporation (MX:SBAC) valued at $420,810 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on January 30, 2026 disclosing 3,854 shares of SBA Communications Corporation. This represents a change in shares of -36.56% 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.

Upgrade to unlock premium data and export to Excel .

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)
2026-05-12 2026-03-31 13F SBA COMMUNICATIONS CL A 78410G104 2,445 -1,409 -36.56 421 -43.62 0.0014
2026-01-30 2025-12-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 3,854 866 28.98 745 29.12 0.0024
2026-01-28 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 263,601 260,613 37,436 0.0223
2025-11-14 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,988 -3,059 -50.59 578 -59.34 0.0019
2025-08-13 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,047 1,740 40.40 1,419 49.68 0.0049
2025-04-30 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,307 -7 -0.16 948 7.85 0.0035
2025-02-06 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,314 -126 -2.84 880 -17.70 0.0029
2024-11-19 2024-09-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 4,440 444 11.11 1,069 36.40 0.0035
2024-11-15 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,440 444 1,069 0.0006
2024-07-31 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,996 -985 -19.78 784 -27.43 0.0027
2024-05-07 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,981 -176 -3.41 1,080 -17.44 0.0038
2024-02-06 2023-12-31 13F SBA COMMUNICATIONS CL A 78410G104 5,157 626 13.82 1,308 44.10 0.0048
2023-11-02 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,531 -240 -5.03 907 -17.99 0.0036
2023-08-09 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,771 -546 -10.27 1,106 -20.26 0.0041
2023-05-11 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,317 308 6.15 1,388 -1.21 0.0054
2023-02-13 2022-12-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 5,009 574 12.94 1,404 11.43 0.0056
2023-02-13 2022-12-31 13F S&P GLOBAL COM 78410G104 4,491 56 1,260 0.0051
2022-11-17 2022-09-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 4,435 34 0.77 1,260 -10.57 0.0056
2022-11-14 2022-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,435 34 1,225 0.0010
2022-08-05 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,401 1,132 34.63 1,409 25.13 0.0066
2022-05-09 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,269 -215 -6.17 1,126 -16.90 0.0050
2022-02-07 2021-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,484 116 3.44 1,355 21.74 0.0057
2021-10-28 2021-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,368 6 0.18 1,113 3.82 0.0050
2021-08-13 2021-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,362 -79 -2.30 1,072 12.37 0.0047
2021-05-06 2021-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,441 -1,151 -25.07 954 -26.33 0.0041
2021-02-12 2020-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,592 122 2.73 1,295 -9.06 0.0057
2020-11-06 2020-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,470 -358 -7.42 1,424 -0.97 0.0070
2020-07-29 2020-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,828 133 2.83 1,438 13.50 0.0077
2020-05-14 2020-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,695 -75 -1.57 1,267 10.17 0.0075
2020-02-07 2019-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,770 -99 -2.03 1,150 -2.04 0.0054
2019-11-12 2019-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,869 -660 -11.94 1,174 -5.55 0.0059
2019-08-12 2019-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,529 -61 -1.09 1,243 11.28 0.0065
2019-05-15 2019-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,590 -44 -0.78 1,117 22.34 0.0058
2019-02-01 2018-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,634 -153 -2.64 913 -1.72 0.0052
2018-11-09 2018-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,787 -603 -9.44 929 -11.94 0.0046
2018-08-10 2018-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,390 -653 -9.27 1,055 -12.38 0.0057
2018-05-04 2018-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 7,043 -194 -2.68 1,204 1.78 0.0065
2018-02-06 2017-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 7,237 -306 -4.06 1,183 8.93 0.0062
2017-11-13 2017-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 7,543 -244 -3.13 1,086 3.43 0.0059
2017-08-11 2017-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 7,787 -574 -6.87 1,050 4.37 0.0062
2017-05-10 2017-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 8,361 -1,024 -10.91 1,006 3.82 0.0061
2017-02-14 2016-12-31 13F SBA COMMUNICATIONS COM 78388J106 9,385 -9,485 -50.26 969 -54.23 0.0060
2016-11-04 2016-09-30 13F SBA COMMUNICATIONS COM 78388J106 18,870 11,666 161.94 2,117 172.46 0.0135
2016-08-04 2016-06-30 13F SBA COMMUNICATIONS COM 78388J106 7,204 -1,468 -16.93 777 -10.59 0.0052
2016-05-11 2016-03-31 13F SBA COMMUNICATIONS COM 78388J106 8,672 3,659 72.99 869 64.90 0.0059
2016-02-12 2015-12-31 13F SBA COMMUNICATIONS COM 78388J106 5,013 -11,814 -70.21 527 -70.11 0.0035
2015-11-13 2015-09-30 13F SBA COMMUNICATIONS COM 78388J106 16,827 8,312 97.62 1,763 80.08 0.0120
2015-08-14 2015-06-30 13F SBA COMMUNICATIONS COM 78388J106 8,515 -404 -4.53 979 -6.23 0.0059
2015-05-14 2015-03-31 13F SBA COMMUNICATIONS COM 78388J106 8,919 -104 -1.15 1,044 4.40 0.0065
2015-02-12 2014-12-31 13F SBA COMMUNICATIONS COM 78388J106 9,023 2,865 46.52 1,000 46.41 0.0063
2014-11-14 2014-09-30 13F SBA COMMUNICATIONS COM 78388J106 6,158 6,158 683 0.0048
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.