SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionUs Bancorp \de\
Latest Disclosed Ownership12,967 shares
Latest Disclosed Value $ 2,231,753
Us Bancorp \de\ reports 9.39% decrease in ownership of SBAC / SBA Communications Corporation

On May 14, 2026 - Us Bancorp \de\ filed a 13F-HR form disclosing ownership of 12,967 shares of SBA Communications Corporation (MX:SBAC) valued at $2,231,753 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 30, 2026 disclosing 14,311 shares of SBA Communications Corporation. This represents a change in shares of -9.39% 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)
2026-05-14 2026-03-31 13F SBA COMMUNICATIONS CL A 78410G104 12,967 -1,344 -9.39 2,232 -19.40 0.0008
2026-01-30 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 14,311 -2,706 -15.90 2,768 -15.87 0.0032
2025-11-12 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 17,017 -1,211 -6.64 3,290 -23.13 0.0039
2025-07-24 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 18,228 -354 -1.91 4,281 4.70 0.0054
2025-05-08 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 18,582 -1,127 -5.72 4,088 1.79 0.0055
2025-02-05 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 19,709 -409 -2.03 4,017 -17.06 0.0053
2024-10-28 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 20,118 134 0.67 4,842 23.46 0.0062
2024-08-07 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 19,984 -4,400 -18.04 3,923 -25.76 0.0053
2024-05-08 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 24,384 -3,718 -13.23 5,284 -25.89 0.0074
2024-02-09 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 28,102 -1,042 -3.58 7,129 22.22 0.0105
2023-11-03 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 29,144 2,140 7.92 5,834 -6.79 0.0095
2023-08-10 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 27,004 4,439 19.67 6,258 6.23 0.0101
2023-05-09 2023-03-31 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 22,565 -710 -3.05 5,891 -9.70 0.0100
2023-02-13 2022-12-31 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 23,275 -3,199 -12.08 6,524 -13.44 0.0115
2022-10-27 2022-09-30 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 26,474 -1,644 -5.85 7,537 -16.26 0.0156
2022-08-01 2022-06-30 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 28,118 -271 -0.95 9,000 -7.87 0.0174
2022-05-11 2022-03-31 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 28,389 -890 -3.04 9,769 -14.23 0.0163
2022-02-11 2021-12-31 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 29,279 1,159 4.12 11,390 22.51 0.0180
2021-11-10 2021-09-30 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 28,120 421 1.52 9,297 5.31 0.0175
2021-08-05 2021-06-30 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 27,699 459 1.69 8,828 16.77 0.0165
2021-04-28 2021-03-31 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 27,240 334 1.24 7,560 -0.41 0.0153
2021-02-04 2020-12-31 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 26,906 1,315 5.14 7,591 -6.86 0.0163
2020-11-10 2020-09-30 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 25,591 -2,820 -9.93 8,150 -3.72 0.0199
2020-08-07 2020-06-30 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 28,411 2,139 8.14 8,465 19.36 0.0222
2020-05-13 2020-03-31 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 26,272 3,424 14.99 7,092 28.78 0.0221
2020-02-04 2019-12-31 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 22,848 2,394 11.70 5,507 11.64 0.0141
2019-11-08 2019-09-30 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 20,454 -490 -2.34 4,933 4.76 0.0134
2019-08-13 2019-06-30 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 20,944 -1,146 -5.19 4,709 6.78 0.0131
2019-05-08 2019-03-31 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 22,090 -49 -0.22 4,410 23.01 0.0127
2019-02-13 2018-12-31 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 22,139 -884 -3.84 3,585 -3.06 0.0116
2018-10-31 2018-09-30 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 23,023 -621 -2.63 3,698 -5.28 0.0107
2018-08-08 2018-06-30 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 23,644 -278 -1.16 3,904 -4.50 0.0120
2018-05-08 2018-03-31 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 23,922 -1,152 -4.59 4,088 -0.20 0.0125
2018-02-02 2017-12-31 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 25,074 -199 -0.79 4,096 12.50 0.0125
2017-11-13 2017-09-30 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 25,273 2,102 9.07 3,641 16.47 0.0117
2017-07-19 2017-06-30 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 23,171 1,202 5.47 3,126 18.23 0.0104
2017-05-03 2017-03-31 13F SBA COMMUNICATIONS COMMON STOCK 78410G104 21,969 2,258 11.46 2,644 29.93 0.0091
2017-02-08 2016-12-31 13F SBA COMMUNICATIONS CORP CL A COMMON STOCK 78388J106 19,711 2,009 11.35 2,035 2.52 0.0073
2016-11-04 2016-09-30 13F SBA COMMUNICATIONS CORP CL A COMMON STOCK 78388J106 17,702 1,219 7.40 1,985 11.52 0.0074
2016-08-10 2016-06-30 13F SBA COMMUNICATIONS COMMON STOCK 78388J106 16,483 7,234 78.21 1,780 92.02 0.0068
2016-05-13 2016-03-31 13F SBA COMMUNICATIONS COMMON STOCK 78388J106 9,249 446 5.07 927 0.22 0.0036
2016-02-10 2015-12-31 13F SBA COMMUNICATIONS COMMON STOCK 78388J106 8,803 -98 -1.10 925 -0.75 0.0037
2015-11-16 2015-09-30 13F SBA COMMUNICATIONS CORP CL A COMMON STOCK 78388J106 8,901 795 9.81 932 -0.11 0.0039
2015-08-10 2015-06-30 13F SBA COMMUNICATIONS CORP CL A COMMON STOCK 78388J106 8,106 2,464 43.67 933 41.15 0.0036
2015-05-08 2015-03-31 13F SBA COMMUNICATIONS CORP CL A COMMON STOCK 78388J106 5,642 554 10.89 661 17.41 0.0025
2015-02-13 2014-12-31 13F SBA COMMUNICATIONS CORP CL A COMMON STOCK 78388J106 5,088 796 18.55 563 18.28 0.0022
2014-11-14 2014-09-30 13F SBA COMMUNICATIONS CORP CL A COMMON STOCK 78388J106 4,292 238 5.87 476 14.98 0.0019
2014-08-14 2014-06-30 13F SBA COMMUNICATIONS CORP CL A COMMON STOCK 78388J106 4,054 237 6.21 414 19.31 0.0016
2014-05-14 2014-03-31 13F SBA COMMUNICATIONS CORP CL A COMMON STOCK 78388J106 3,817 236 6.59 347 7.76 0.0014
2014-02-13 2013-12-31 13F SBA COMMUNICATIONS CORP CL A COMMON STOCK 78388J106 3,581 479 15.44 322 28.80 0.0013
2013-11-07 2013-09-30 13F SBA COMMUNICATIONS CORP CL A COMMON STOCK 78388J106 3,102 288 10.23 250 19.62 0.0011
2013-08-09 2013-06-30 13F SBA COMMUNICATIONS CORP CL A COMMON STOCK 78388J106 2,814 2,814 209 0.0010
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.