SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionAPG Asset Management N.V.
Latest Disclosed Ownership54,238 shares
Latest Disclosed Value $ 8,101,807
APG Asset Management N.V. reports 35.79% decrease in ownership of SBAC / SBA Communications Corporation

On May 13, 2026 - APG Asset Management N.V. filed a 13F-HR form disclosing ownership of 54,238 shares of SBA Communications Corporation (MX:SBAC) valued at $8,101,807 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 84,474 shares of SBA Communications Corporation. This represents a change in shares of -35.79% 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)
2026-05-13 2026-03-31 13F SBA COMMUNICATIONS CL A 78410G104 54,238 -30,236 -35.79 8,102 -41.77 0.0257
2026-02-12 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 84,474 -5,673 -6.29 13,913 -6.21 0.0395
2025-11-12 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 90,147 0 0.00 14,834 -17.75 0.0416
2025-08-12 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 90,147 2,616 2.99 18,035 1.16 0.0534
2025-05-14 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 87,531 -9,344 -9.65 17,828 -6.50 0.0553
2025-02-13 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 96,875 33,524 52.92 19,066 39.55 0.0531
2024-11-14 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 63,351 -625,594 -90.80 13,663 -89.17 0.0907
2024-08-14 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 688,945 102,464 17.47 126,186 7.23 0.2251
2024-05-14 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 586,481 23,363 4.15 117,676 -9.01 0.2062
2024-02-13 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 563,118 61,050 12.16 129,324 28.68 0.2522
2023-11-14 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 502,068 103,525 25.98 100,499 18.70 0.2055
2023-08-14 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 398,543 28,071 7.58 84,662 -4.90 0.1708
2023-05-12 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 370,472 -4,563 -1.22 89,023 84,683.81 0.1889
2023-02-14 2022-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 375,035 -13,355 -3.44 105 -99.91 0.1999
2022-11-14 2022-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 388,390 -86,111 -18.15 112,852 -22.31 0.2911
2022-08-12 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 474,501 -58,880 -11.04 145,262 -11.94 0.3405
2022-05-12 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 533,381 -84,696 -13.70 164,954 -21.98 0.3117
2022-02-11 2021-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 618,077 128,890 26.35 211,435 51.53 0.3592
2021-11-15 2021-09-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 489,187 -12,913 -2.57 139,532 3.41 0.2480
2021-11-15 2021-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 489,187 -12,913 139,532 0.2507
2021-08-13 2021-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 502,100 -33,147 -6.19 134,935 6.75 0.2292
2021-05-14 2021-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 535,247 -72,374 -11.91 126,400 -9.78 0.2157
2021-02-12 2020-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 607,621 -67,925 -10.05 140,107 -23.64 0.2285
2020-11-12 2020-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 675,546 -64,300 -8.69 183,472 -6.51 0.3176
2020-08-14 2020-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 739,846 -141,400 -16.05 196,247 -17.51 0.3577
2020-05-19 2020-03-31 13F/A-2 SBA COMMUNICATIONS CORP CL A 78410G104 881,246 -263,667 -23.03 237,910 -3.21 0.4663
2020-05-15 2020-03-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 881,246 0 237,910 0.4711
2020-05-14 2020-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 689,120 -455,793 122,536 229,260.2506
2020-02-13 2019-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,144,913 -12,962 -1.12 245,802 -4.03 0.3993
2019-11-08 2019-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,157,875 423,755 57.72 256,120 76.71 0.4219
2019-08-13 2019-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 734,120 45,000 6.53 144,942 18.29 0.2487
2019-05-14 2019-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 689,120 -25,200 -3.53 122,536 21.13 0.2249
2019-02-19 2018-12-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 714,320 -3,600 -0.50 101,160 1.89 0.2056
2019-02-13 2018-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 714,320 -3,600 101,160
2018-11-09 2018-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 717,920 0 0.00 99,285 -2.21 0.1738
2018-08-13 2018-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 717,920 -5,500 -0.76 101,531 0.99 0.1866
2018-05-14 2018-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 723,420 715,620 9,174.62 100,538 9,375.78 0.1944
2018-02-21 2017-12-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 7,800 -49,075 -86.29 1,061 -87.05 0.0019
2018-01-24 2017-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 7,800 -49,075 1,061
2017-10-19 2017-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 56,875 24,800 77.32 8,193 89.35 0.0135
2017-07-21 2017-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 32,075 0 0.00 4,327 12.07 0.0079
2017-05-01 2017-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 32,075 -17,800 -35.69 3,861 -20.93 0.0071
2017-01-30 2016-12-31 13F SBA COMMUNICATIONS COM 78388J106 49,875 0 0.00 4,883 -12.71 0.0092
2016-10-31 2016-09-30 13F SBA COMMUNICATIONS COM 78388J106 49,875 -39,238 -44.03 5,594 -41.84 0.0098
2016-08-11 2016-06-30 13F SBA COMMUNICATIONS COM 78388J106 89,113 765 0.87 9,619 8.69 0.0181
2016-05-16 2016-03-31 13F SBA COMMUNICATIONS COM 78388J106 88,348 -37,800 -29.96 8,850 -33.23 0.0184
2016-02-17 2015-12-31 13F/A-1 SBA COMMUNICATIONS COM 78388J106 126,148 -23,696 -15.81 13,254 -15.55 0.0305
2016-02-16 2015-12-31 13F SBA COMMUNICATIONS COM 78388J106 13,103,570 13,254
2015-11-12 2015-09-30 13F SBA COMMUNICATIONS COM 78388J106 149,844 -3,735 -2.43 15,695 -11.11 0.0359
2015-08-12 2015-06-30 13F SBA COMMUNICATIONS COM 78388J106 153,579 0 0.00 17,657 -1.82 0.0354
2015-05-14 2015-03-31 13F SBA COMMUNICATIONS COM 78388J106 153,579 -4,109 -2.61 17,984 2.97 0.0372
2015-02-09 2014-12-31 13F SBA COMMUNICATIONS COM 78388J106 157,688 -21,689 -12.09 17,466 -12.20 0.0335
2014-11-12 2014-09-30 13F SBA COMMUNICATIONS COM 78388J106 179,377 32,639 22.24 19,893 32.52 0.0402
2014-08-11 2014-06-30 13F SBA COMMUNICATIONS COM 78388J106 146,738 10,117 7.41 15,011 20.79 0.0320
2014-04-30 2014-03-31 13F SBA COMMUNICATIONS COM 78388J106 136,621 0 0.00 12,427 1.25 0.0325
2014-02-20 2013-12-31 13F/A-1 SBA COMMUNICATIONS COM 78388J106 136,621 -3,713 -2.65 12,274 8.71 0.0361
2014-02-12 2013-12-31 13F SBA COMMUNICATIONS COM 78388J106 136,621 12,274
2013-11-13 2013-09-30 13F SBA COMMUNICATIONS COM 78388J106 140,334 -11,613 -7.64 11,291 0.26 0.0357
2013-08-14 2013-06-30 13F SBA COMMUNICATIONS COM 78388J106 151,947 151,947 11,262 0.0352
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.