SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionCibc World Markets Corp
Latest Disclosed Ownership41,673 shares
Latest Disclosed Value $ 8,060,808
Cibc World Markets Corp reports 1.13% decrease in ownership of SBAC / SBA Communications Corporation

On February 12, 2026 - Cibc World Markets Corp filed a 13F-HR form disclosing ownership of 41,673 shares of SBA Communications Corporation (MX:SBAC) valued at $8,060,808 USD as of December 31, 2025. The entity filed a previous 13F-HR on August 14, 2025 disclosing 42,151 shares of SBA Communications Corporation. This represents a change in shares of -1.13% 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)
2026-02-12 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 41,673 -478 -1.13 8,061 -18.57 0.0388
2025-08-14 2025-06-30 13F SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 42,151 -855 -1.99 9,899 4.62 0.0621
2025-05-13 2025-03-31 13F SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 43,006 -5,243 -10.87 9,462 -3.78 0.0744
2025-02-10 2024-12-31 13F SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 48,249 5,293 12.32 9,833 -4.89 0.0576
2024-11-13 2024-09-30 13F SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 42,956 29,047 208.84 10,340 278.72 0.0746
2024-08-12 2024-06-30 13F SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 13,909 -30,497 -68.68 2,730 -71.63 0.0179
2024-05-13 2024-03-31 13F SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 44,406 -5,294 -10.65 9,623 -23.68 0.0631
2024-02-13 2023-12-31 13F SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 49,700 43,718 730.83 12,608 953.30 0.0687
2023-11-13 2023-09-30 13F SBA COMMUNICATIONS COM 78388J106 5,982 -6,723 -52.92 1,197 -59.34 0.0117
2023-08-04 2023-06-30 13F SBA COMMUNICATIONS COM 78388J106 12,705 -27,880 -68.70 2,945 -72.21 0.0239
2023-05-11 2023-03-31 13F SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 40,585 -6,959 -14.64 10,596 -20.50 0.1730
2023-02-09 2022-12-31 13F SBA COMMUNICATIONS COM 78388J106 47,544 1,741 3.80 13,327 2.22 0.0897
2022-11-14 2022-09-30 13F SBA COMMUNICATIONS COM 78388J106 45,803 -7,929 -14.76 13,038 -24.18 0.1812
2022-08-12 2022-06-30 13F SBA COMMUNICATIONS COM 78388J106 53,732 -7,638 -12.45 17,197 -18.56 0.1616
2022-05-13 2022-03-31 13F SBA COMMUNICATIONS COM 78388J106 61,370 3,113 5.34 21,117 -6.82 0.1650
2022-02-11 2021-12-31 13F SBA COMMUNICATIONS COM 78388J106 58,257 -11,481 -16.46 22,663 -1.69 0.1206
2021-11-12 2021-09-30 13F SBA COMMUNICATIONS COM 78388J106 69,738 20,014 40.25 23,053 45.47 0.1567
2021-08-10 2021-06-30 13F SBA COMMUNICATIONS COM 78388J106 49,724 39,305 377.24 15,847 447.96 0.1103
2021-05-07 2021-03-31 13F SBA COMMUNICATIONS COM 78388J106 10,419 -78,495 -88.28 2,892 -88.47 0.0180
2021-02-12 2020-12-31 13F SBA COMMUNICATIONS COM 78388J106 88,914 75,438 559.80 25,085 484.46 0.1262
2020-11-12 2020-09-30 13F SBA COMMUNICATIONS COM 78388J106 13,476 2,529 23.10 4,292 31.62 0.0418
2020-08-12 2020-06-30 13F SBA COMMUNICATIONS COM 78388J106 10,947 2,706 32.84 3,261 46.56 0.0350
2020-05-12 2020-03-31 13F SBA COMMUNICATIONS COM 78388J106 8,241 -5,077 -38.12 2,225 -30.69 0.0284
2020-02-13 2019-12-31 13F SBA COMMUNICATIONS COM 78388J106 13,318 436 3.38 3,210 3.35 0.0208
2019-11-12 2019-09-30 13F SBA COMMUNICATIONS COM 78388J106 12,882 -6,800 -34.55 3,106 -29.81 0.0290
2019-08-13 2019-06-30 13F SBA COMMUNICATIONS COM 78388J106 19,682 4,773 32.01 4,425 48.64 0.0341
2019-05-14 2019-03-31 13F SBA COMMUNICATIONS COM 78388J106 14,909 -913 -5.77 2,977 16.24 0.0244
2019-02-13 2018-12-31 13F/A-1 SBA COMMUNICATIONS COM 78388J106 15,822 687 4.54 2,561 5.35 0.0238
2019-02-13 2018-12-31 13F SBA COMMUNICATIONS COM 78388J106 15,822 687 2,561
2018-11-13 2018-09-30 13F SBA COMMUNICATIONS COM 78388J106 15,135 -1,136 -6.98 2,431 -9.53 0.0207
2018-08-13 2018-06-30 13F SBA COMMUNICATIONS COM 78388J106 16,271 1,168 7.73 2,687 4.11 0.0232
2018-05-11 2018-03-31 13F SBA COMMUNICATIONS COM 78388J106 15,103 -8,702 -36.56 2,581 -33.63 0.0274
2018-02-13 2017-12-31 13F SBA COMMUNICATIONS COM 78388J106 23,805 6,273 35.78 3,889 54.02 0.0279
2017-11-14 2017-09-30 13F SBA COMMUNICATIONS COM 78388J106 17,532 -9,468 -35.07 2,525 -30.67 0.0242
2017-08-11 2017-06-30 13F SBA COMMUNICATIONS COM 78388J106 27,000 27,000 3,642 0.0385
2017-02-13 2016-12-31 13F SBA COMMUNICATIONS COM 78388J106 0 -2,410 -100.00 0 -100.00
2016-11-14 2016-09-30 13F SBA COMMUNICATIONS COM 78388J106 2,410 -5,865 -70.88 270 -69.76 0.0051
2016-08-11 2016-06-30 13F SBA COMMUNICATIONS COM 78388J106 8,275 764 10.17 893 18.75 0.0232
2016-05-12 2016-03-31 13F SBA COMMUNICATIONS COM 78388J106 7,511 -2,979 -28.40 752 -31.76 0.0165
2016-02-10 2015-12-31 13F SBA COMMUNICATIONS COM 78388J106 10,490 1,653 18.71 1,102 19.01 0.0224
2015-11-16 2015-09-30 13F SBA COMMUNICATIONS COM 78388J106 8,837 5,117 137.55 926 116.36 0.0250
2015-08-14 2015-06-30 13F/A-1 SBA COMMUNICATIONS COM 78388J106 3,720 0 428 0.0017
2015-08-19 2015-06-30 13F/A-2 SBA COMMUNICATIONS COM 78388J106 3,720 0 428 0.0018
2015-11-20 2015-06-30 13F/A-3 SBA COMMUNICATIONS COM 78388J106 3,720 3,720 428 0.0135
2015-08-13 2015-06-30 13F SBA COMMUNICATIONS COM 78388J106 3,720 428 0.0018
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.