SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionMagellan Asset Management Ltd
ManagerHamish Douglass
Latest Disclosed Ownership112,722 shares
Latest Disclosed Value $ 19,400,583
Magellan Asset Management Ltd reports 19.88% increase in ownership of SBAC / SBA Communications Corporation

On May 11, 2026 - Magellan Asset Management Ltd filed a 13F-HR form disclosing ownership of 112,722 shares of SBA Communications Corporation (MX:SBAC) valued at $19,400,583 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 94,029 shares of SBA Communications Corporation. This represents a change in shares of 19.88% 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 112,722 18,693 19.88 19,401 6.66 0.2517
2026-02-10 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 94,029 5,904 6.70 18,188 6.75 0.2211
2025-11-10 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 88,125 6,703 8.23 17,039 -10.89 0.2018
2025-08-07 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 81,422 -425 -0.52 19,121 6.19 0.2186
2025-05-12 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 81,847 -1,531 -1.84 18,007 5.97 0.2189
2025-02-12 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 83,378 -14,040 -14.41 16,992 -27.53 0.1867
2024-11-14 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 97,418 -3,461 -3.43 23,449 18.41 0.2335
2024-08-13 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 100,879 8,689 9.43 19,803 -0.88 0.1885
2024-05-14 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 92,190 2,336 2.60 19,978 -12.36 0.1908
2024-02-13 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 89,854 276 0.31 22,795 27.13 0.2271
2023-11-13 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 89,578 5,350 6.35 17,931 -8.15 0.1906
2023-08-11 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 84,228 3,702 4.60 19,521 -7.14 0.1737
2023-05-12 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 80,526 124 0.15 21,023 -6.72 0.1795
2023-02-13 2022-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 80,402 -2,644 -3.18 22,537 -4.66 0.1928
2022-11-10 2022-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 83,046 1,990 2.46 23,639 -8.88 0.1652
2022-08-12 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 81,056 -13,063 -13.88 25,942 -19.90 0.1416
2022-05-13 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 94,119 -6,686 -6.63 32,386 -17.41 0.1254
2022-02-11 2021-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 100,805 6,042 6.38 39,215 25.18 0.0999
2021-11-04 2021-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 94,763 11,819 14.25 31,326 18.51 0.0626
2021-08-12 2021-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 82,944 -7,905 -8.70 26,434 4.83 0.0523
2021-05-13 2021-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 90,849 -13,844 -13.22 25,215 -14.63 0.0527
2021-02-11 2020-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 104,693 8,739 9.11 29,537 -3.34 0.0683
2020-11-12 2020-09-30 13F SBA COMMUNICATIONS CL A 78410G104 95,954 6,995 7.86 30,559 15.30 0.0780
2020-08-14 2020-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 88,959 7,535 9.25 26,503 20.57 0.0794
2020-05-14 2020-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 81,424 -7,855 -8.80 21,982 2.17 0.0757
2020-02-13 2019-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 89,279 1,832 2.09 21,515 2.02 0.0567
2019-11-13 2019-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 87,447 -3,203 -3.53 21,088 3.46 0.0606
2019-08-13 2019-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 90,650 981 1.09 20,382 13.85 0.0587
2019-05-14 2019-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 89,669 11,121 14.16 17,903 40.79 0.0568
2019-03-11 2018-12-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 78,548 -5,896 -6.98 12,716 -6.25 0.0467
2019-02-14 2018-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 78,548 -5,896 12,716
2018-11-14 2018-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 84,444 -3,206 -3.66 13,564 -6.28 0.0444
2018-08-13 2018-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 87,650 -4,313 -4.69 14,473 -7.92 0.0508
2018-05-15 2018-03-31 13F SBA Communications COM 78388J106 91,963 12,261 15.38 15,718 20.72 0.0580
2018-02-14 2017-12-31 13F SBA Communications COM 78388J106 79,702 -1,951 -2.39 13,020 10.70 0.0433
2017-11-13 2017-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 81,653 422 0.52 11,762 7.34 0.0443
2017-08-11 2017-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 81,231 5,857 7.77 10,958 21.76 0.0460
2017-05-16 2017-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 75,374 75,374 9,000 0.0397
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.