SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionStifel Financial Corp
Latest Disclosed Ownership58,419 shares
Latest Disclosed Value $ 10,054,769
Stifel Financial Corp reports 2.66% increase in ownership of SBAC / SBA Communications Corporation

On May 12, 2026 - Stifel Financial Corp filed a 13F-HR form disclosing ownership of 58,419 shares of SBA Communications Corporation (MX:SBAC) valued at $10,054,769 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 56,904 shares of SBA Communications Corporation. This represents a change in shares of 2.66% 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)
2026-05-12 2026-03-31 13F SBA COMMUNICATIONS CL A 78410G104 58,419 1,515 2.66 10,055 -8.66 0.0092
2026-02-13 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 56,904 -3,083 -5.14 11,007 -5.10 0.0099
2025-11-12 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 59,987 7,423 14.12 11,599 -6.04 0.0106
2025-08-14 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 52,564 -7,065 -11.85 12,344 -5.90 0.0120
2025-05-14 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 59,629 675 1.14 13,119 9.19 0.0139
2025-02-13 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 58,954 14 0.02 12,015 -15.31 0.0125
2024-11-14 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 58,940 -4,556 -7.18 14,187 13.82 0.0149
2024-08-13 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 63,496 2,862 4.72 12,465 -5.14 0.0140
2024-05-14 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 60,634 9,087 17.63 13,140 0.47 0.0150
2024-02-12 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 51,547 3,214 6.65 13,077 35.16 0.0165
2023-11-13 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 48,333 4,692 10.75 9,675 -4.34 0.0136
2023-08-14 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 43,641 845 1.97 10,115 -9.48 0.0138
2023-05-12 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 42,796 -500 -1.15 11,173 -7.94 0.0160
2023-02-13 2022-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 43,296 -4,582 -9.57 12,137 -10.95 0.0182
2022-11-14 2022-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 47,878 2,087 4.56 13,628 -7.02 0.0223
2022-08-15 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 45,791 -1,304 -2.77 14,657 -9.56 0.0229
2022-05-13 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 47,095 2,698 6.08 16,206 -6.17 0.0221
2022-02-14 2021-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 44,397 1,879 4.42 17,271 22.87 0.0228
2021-11-15 2021-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 42,518 201 0.47 14,056 4.21 0.0206
2021-08-13 2021-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 42,317 1,182 2.87 13,488 18.13 0.0202
2021-05-14 2021-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 41,135 1,310 3.29 11,418 1.63 0.0188
2021-02-12 2020-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 39,825 -8,535 -17.65 11,235 -27.05 0.0200
2020-11-16 2020-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 48,360 12,555 35.06 15,402 44.42 0.0317
2020-08-14 2020-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 35,805 9,688 37.09 10,665 51.11 0.0245
2020-05-14 2020-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 26,117 343 1.33 7,058 13.80 0.0195
2020-02-13 2019-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 25,774 -742 -2.80 6,202 -2.87 0.0129
2019-11-19 2019-09-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 26,516 220 0.84 6,385 8.07 0.0163
2019-11-13 2019-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 26,516 220 6,385 3,579.1125
2019-08-14 2019-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 26,296 -550 -2.05 5,908 9.98 0.0152
2019-05-14 2019-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 26,846 4,536 20.33 5,372 49.02 0.0152
2019-02-13 2018-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 22,310 2,248 11.21 3,605 12.13 0.0117
2018-11-13 2018-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 20,062 -93 -0.46 3,215 -3.08 0.0092
2018-08-14 2018-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 20,155 -346 -1.69 3,317 -5.47 0.0102
2018-05-11 2018-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 20,501 2,358 13.00 3,509 18.55 0.0111
2018-02-14 2017-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 18,143 -2,592 -12.50 2,960 -0.70 0.0094
2017-11-13 2017-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 20,735 336 1.65 2,981 8.52 0.0103
2017-08-14 2017-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 20,399 11,296 124.09 2,747 151.79 0.0102
2017-05-10 2017-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 9,103 1,465 19.18 1,091 38.45 0.0042
2017-02-16 2016-12-31 13F SBA COMMUNICATIONS COM 78388J106 7,638 3,004 64.83 788 52.42 0.0033
2016-11-15 2016-09-30 13F SBA COMMUNICATIONS COM 78388J106 4,634 -3,085 -39.97 517 -38.01 0.0023
2016-08-17 2016-06-30 13F SBA COMMUNICATIONS COM 78388J106 7,719 3,013 64.02 834 77.07 0.0039
2016-05-16 2016-03-31 13F SBA COMMUNICATIONS COM 78388J106 4,706 -19,178 -80.30 471 -81.22 0.0025
2016-03-21 2015-12-31 13F/A-2 SBA COMMUNICATIONS COM 78388J106 23,884 -44,931 -65.29 2,508 -65.20 0.0131
2016-02-26 2015-12-31 13F/A-1 SBA COMMUNICATIONS COM 78388J106 23,922 38 2,512 0.0131
2016-02-16 2015-12-31 13F SBA COMMUNICATIONS COM 78388J106 23,922 2,340
2015-11-16 2015-09-30 13F SBA COMMUNICATIONS COM 78388J106 68,815 3,137 4.78 7,207 -3.26 0.0405
2015-08-17 2015-06-30 13F/A-1 SBA COMMUNICATIONS COM 78388J106 65,678 5,581 9.29 7,450 5.87 0.0385
2015-08-17 2015-06-30 13F SBA COMMUNICATIONS COM 78388J106 54,413 6,256
2015-05-14 2015-03-31 13F SBA COMMUNICATIONS COM 78388J106 60,097 -3,848 -6.02 7,037 -0.65 0.0385
2015-02-13 2014-12-31 13F SBA COMMUNICATIONS COM 78388J106 63,945 40,618 174.12 7,083 173.79 0.0394
2014-11-13 2014-09-30 13F SBA COMMUNICATIONS COM 78388J106 23,327 2,015 9.45 2,587 18.67 0.0227
2014-08-14 2014-06-30 13F SBA COMMUNICATIONS COM 78388J106 21,312 -6,333 -22.91 2,180 -13.32 0.0196
2014-05-15 2014-03-31 13F SBA COMMUNICATIONS COM 78388J106 27,645 27,645 2,515 0.0241
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.