SBA Communications Corporation
US ˙ NasdaqGS ˙ US78410G1040

SecuritySBAC / SBA Communications Corporation
InstitutionPitcairn Co
Latest Disclosed Ownership0 shares
Latest Disclosed Value $ 0
Pitcairn Co closes position in SBAC / SBA Communications Corporation

On February 12, 2026 - Pitcairn Co filed a 13F-HR form disclosing ownership of 0 shares of SBA Communications Corporation (US:SBAC) valued at $0 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 12, 2025 disclosing 2,632 shares of SBA Communications Corporation. The current value of the position is $0 USD.

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)
2026-02-12 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 0 -100.00 0
2025-11-12 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,632 -177 -6.30 509 -22.91 0.0402
2025-08-19 2025-06-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 2,809 -949 -25.25 660 -20.22 0.0432
2025-08-14 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 9,454 5,696 1,091 0.0640
2025-05-09 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,758 -5 -0.13 827 7.83 0.0499
2025-02-12 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,763 -94 -2.44 767 -17.46 0.0453
2024-11-12 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,857 -972 -20.13 928 -2.01 0.0549
2024-08-13 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,829 -11,132 -69.75 948 -72.61 0.0579
2024-05-13 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 15,961 -1,518 -8.68 3,459 -22.01 0.2241
2024-02-14 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 17,479 2,115 13.77 4,434 44.20 0.3400
2023-11-13 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 15,364 720 4.92 3,075 -9.37 0.2623
2023-08-11 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 14,644 2,593 21.52 3,394 7.85 0.2941
2023-05-05 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 12,051 34 0.28 3,146 -6.59 0.2893
2023-02-13 2022-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 12,017 -616 -4.88 3,368 -6.34 0.3360
2022-11-14 2022-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 12,633 -369 -2.84 3,596 -13.58 0.3892
2022-08-12 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 13,002 -1,382 -9.61 4,161 -15.94 0.4396
2022-05-12 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 14,384 -902 -5.90 4,950 -16.76 0.4312
2022-02-14 2021-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 15,286 -30 -0.20 5,947 17.46 0.3826
2021-11-10 2021-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 15,316 -700 -4.37 5,063 -0.80 0.3498
2021-08-11 2021-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 16,016 -766 -4.56 5,104 9.60 0.3424
2021-05-10 2021-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 16,782 347 2.11 4,657 0.43 0.3306
2021-02-05 2020-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 16,435 -2,339 -12.46 4,637 -22.45 0.3540
2020-11-03 2020-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 18,774 -1,027 -5.19 5,979 1.36 0.5079
2020-07-28 2020-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 19,801 -1,483 -6.97 5,899 2.66 0.5669
2020-05-13 2020-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 21,284 -573 -2.62 5,746 9.09 0.6802
2020-02-12 2019-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 21,857 531 2.49 5,267 2.43 0.4872
2019-11-12 2019-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 21,326 225 1.07 5,142 8.37 0.5064
2019-08-12 2019-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 21,101 2,104 11.08 4,745 25.10 0.4748
2019-05-07 2019-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 18,997 -96 -0.50 3,793 22.71 0.4119
2019-02-12 2018-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 19,093 18 0.09 3,091 0.88 0.3424
2018-11-02 2018-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 19,075 -943 -4.71 3,064 -7.29 0.3177
2018-08-02 2018-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 20,018 774 4.02 3,305 0.49 0.3512
2018-05-11 2018-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 19,244 -1,581 -7.59 3,289 -3.32 0.3490
2018-02-13 2017-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 20,825 84 0.40 3,402 13.89 0.3394
2017-11-03 2017-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 20,741 -374 -1.77 2,987 4.88 0.3383
2017-08-02 2017-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 21,115 -433 -2.01 2,848 9.83 0.3420
2017-05-08 2017-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 21,548 550 2.62 2,593 19.55 0.3141
2017-02-06 2016-12-31 13F SBA COMMUNICATIONS COM 78388J106 20,998 1,727 8.96 2,169 0.32 0.2681
2016-11-09 2016-09-30 13F SBA COMMUNICATIONS COM 78388J106 19,271 918 5.00 2,162 9.14 0.2690
2016-07-25 2016-06-30 13F SBA COMMUNICATIONS COM 78388J106 18,353 3,637 24.71 1,981 34.40 0.2540
2016-04-29 2016-03-31 13F SBA COMMUNICATIONS COM 78388J106 14,716 12,758 651.58 1,474 615.53 0.1861
2016-02-10 2015-12-31 13F SBA COMMUNICATIONS COM 78388J106 1,958 1,958 0.00 206 0.0229
2015-11-02 2015-09-30 13F SBA COMMUNICATIONS COM 78388J106 0 -1,778 -100.00 0 -100.00
2015-08-06 2015-06-30 13F SBA COMMUNICATIONS COM 78388J106 1,778 -83 -4.46 204 -5.99 0.0236
2015-05-14 2015-03-31 13F SBA COMMUNICATIONS COM 78388J106 1,861 24 1.31 217 6.37 0.0240
2015-02-10 2014-12-31 13F SBA COMMUNICATIONS COM 78388J106 1,837 -39 -2.08 204 -1.92 0.0220
2014-11-12 2014-09-30 13F SBA COMMUNICATIONS COM 78388J106 1,876 -6,478 -77.54 208 -72.30 0.0233
2014-05-13 2013-12-31 13F/A-1 SBA COMMUNICATIONS COM 78388J106 8,354 -669 -7.41 751 3.44 0.0830
2014-02-12 2013-12-31 13F SBA COMMUNICATIONS COM 78388J106 3,910 352
2013-11-05 2013-09-30 13F SBA COMMUNICATIONS COM 78388J106 9,023 222 2.52 726 11.35 0.0890
2013-08-14 2013-06-30 13F SBA COMMUNICATIONS COM 78388J106 8,801 8,801 652 0.0873
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.