SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionClearbridge Investments, LLC
Latest Disclosed Ownership199,545 shares
Latest Disclosed Value $ 34,343,742
Clearbridge Investments, LLC reports 48.11% decrease in ownership of SBAC / SBA Communications Corporation

On May 13, 2026 - Clearbridge Investments, LLC filed a 13F-HR form disclosing ownership of 199,545 shares of SBA Communications Corporation (MX:SBAC) valued at $34,343,742 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 384,521 shares of SBA Communications Corporation. This represents a change in shares of -48.11% 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.

Upgrade to unlock premium data and export to Excel .

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 199,545 -184,976 -48.11 34,344 -53.83 0.0269
2026-02-11 2025-12-31 13F SBA Communications CL A 78410G104 384,521 88,438 29.87 74,378 29.92 0.0595
2025-11-13 2025-09-30 13F SBA Communications CL A 78410G104 296,083 -8,785 -2.88 57,248 -20.04 0.0431
2025-08-12 2025-06-30 13F SBA Communications CL A 78410G104 304,868 1,053 0.35 71,595 7.11 0.0581
2025-05-13 2025-03-31 13F SBA Communications CL A 78410G104 303,815 -11,729 -3.72 66,842 3.94 0.0584
2025-02-12 2024-12-31 13F SBA Communications CL A 78410G104 315,544 -1,366 -0.43 64,308 -15.70 0.0521
2024-11-12 2024-09-30 13F SBA Communications CL A 78410G104 316,910 7,534 2.44 76,280 25.61 0.0600
2024-08-27 2024-06-30 13F/A-1 SBA Communications CL A 78410G104 309,376 -23,495 -7.06 60,730 -15.81 0.0493
2024-08-14 2024-06-30 13F SBA Communications CL A 78410G104 309,376 -23,495 60,730 0.0497
2024-05-13 2024-03-31 13F SBA Communications CL A 78410G104 332,871 29,244 9.63 72,133 -6.35 0.0572
2024-02-09 2023-12-31 13F SBA Communications CL A 78410G104 303,627 12,231 4.20 77,027 32.06 0.0663
2023-11-13 2023-09-30 13F SBA Communications CL A 78410G104 291,396 -85,487 -22.68 58,329 -33.22 0.0561
2023-08-11 2023-06-30 13F SBA Communications CL A 78410G104 376,883 27,040 7.73 87,346 -4.37 0.0788
2023-05-12 2023-03-31 13F SBA Communications CL A 78410G104 349,843 36,162 11.53 91,334 3.87 0.0873
2023-02-10 2022-12-31 13F SBA Communications CL A 78410G104 313,681 6,247 2.03 87,928 0.48 0.0868
2022-11-14 2022-09-30 13F SBA Communications CL A 78410G104 307,434 5,025 1.66 87,511 -9.58 0.0882
2022-08-11 2022-06-30 13F SBA Communications CL A 78410G104 302,409 2,640 0.88 96,786 -6.17 0.0902
2022-05-13 2022-03-31 13F SBA Communications CL A 78410G104 299,769 -42,719 -12.47 103,151 -22.58 0.0775
2022-02-11 2021-12-31 13F SBA Communications CL A 78410G104 342,488 -5,805 -1.67 133,235 15.72 0.0907
2021-11-12 2021-09-30 13F SBA Communications CL A 78410G104 348,293 -3,312 -0.94 115,135 2.75 0.0821
2021-08-13 2021-06-30 13F SBA Communications CL A 78410G104 351,605 5,470 1.58 112,057 16.64 0.0780
2021-05-13 2021-03-31 13F SBA Communications CL A 78410G104 346,135 19,420 5.94 96,070 4.22 0.0716
2021-02-10 2020-12-31 13F SBA Communications CL A 78410G104 326,715 -138,437 -29.76 92,176 -37.78 0.0712
2020-11-12 2020-09-30 13F SBA Communications CL A 78410G104 465,152 41,225 9.72 148,142 17.30 0.1273
2020-08-14 2020-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 423,927 -136,196 -24.32 126,296 -16.48 0.1140
2020-05-22 2020-03-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 560,123 -101,562 -15.35 151,216 -4.33 0.1639
2020-05-15 2020-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 560,123 -101,562 151,216 163,922.3864
2020-02-14 2019-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 661,685 -36,683 -5.25 158,057 -6.15 0.1309
2019-11-14 2019-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 698,368 -97,063 -12.20 168,411 -5.83 0.1470
2019-08-14 2019-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 795,431 -54,708 -6.44 178,845 5.36 0.1550
2019-05-15 2019-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 850,139 34,850 4.27 169,739 28.60 0.1500
2019-02-14 2018-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 815,289 29,753 3.79 131,987 4.60 0.1335
2018-11-28 2018-09-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 785,536 69,931 9.77 126,181 6.79 0.1086
2018-11-14 2018-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 785,536 69,931 126,181
2018-08-14 2018-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 715,605 50,575 7.60 118,161 3.95 0.0967
2018-05-15 2018-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 665,030 7,000 1.06 113,667 5.74 0.1073
2018-02-14 2017-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 658,030 -327 -0.05 107,496 13.35 0.0993
2017-11-14 2017-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 658,357 -38,911 -5.58 94,836 0.82 0.0912
2017-08-14 2017-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 697,268 -2,769 -0.40 94,061 11.63 0.0924
2017-06-07 2017-03-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 700,037 494,601 240.76 84,263 297.22 0.0848
2017-05-15 2017-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 700,037 84,263
2017-02-14 2016-12-31 13F SBA COMMUNICATIONS COM 78388J106 205,436 11,689 6.03 21,213 -2.38 0.0233
2016-11-14 2016-09-30 13F SBA COMMUNICATIONS COM 78388J106 193,747 5,957 3.17 21,731 7.21 0.0245
2016-08-15 2016-06-30 13F SBA COMMUNICATIONS COM 78388J106 187,790 19,822 11.80 20,270 20.48 0.0240
2016-05-16 2016-03-31 13F SBA COMMUNICATIONS COM 78388J106 167,968 -30,874 -15.53 16,825 -19.47 0.0201
2016-02-16 2015-12-31 13F SBA COMMUNICATIONS COM 78388J106 198,842 42,465 27.16 20,892 27.55 0.0242
2015-11-16 2015-09-30 13F SBA COMMUNICATIONS COM 78388J106 156,377 21,226 15.71 16,379 5.41 0.0196
2015-08-17 2015-06-30 13F/A-1 SBA COMMUNICATIONS COM 78388J106 135,151 89,876 198.51 15,538 193.06 0.0164
2015-08-14 2015-06-30 13F SBA COMMUNICATIONS COM 78388J106 135,151 15,538
2015-05-15 2015-03-31 13F SBA COMMUNICATIONS COM 78388J106 45,275 -34,535 -43.27 5,302 -40.02 0.0055
2015-02-17 2014-12-31 13F SBA COMMUNICATIONS COM 78388J106 79,810 -7,047 -8.11 8,840 -8.22 0.0093
2014-11-14 2014-09-30 13F SBA COMMUNICATIONS COM 78388J106 86,857 24,645 39.61 9,632 51.35 0.0106
2014-08-14 2014-06-30 13F SBA COMMUNICATIONS COM 78388J106 62,212 -9,380 -13.10 6,364 -2.27 0.0072
2014-05-15 2014-03-31 13F SBA COMMUNICATIONS COM 78388J106 71,592 1,389 1.98 6,512 3.25 0.0077
2014-02-14 2013-12-31 13F SBA COMMUNICATIONS COM 78388J106 70,203 23,463 50.20 6,307 67.69 0.0079
2013-11-14 2013-09-30 13F SBA COMMUNICATIONS COM 78388J106 46,740 24,499 110.15 3,761 128.08 0.0053
2013-08-14 2013-06-30 13F SBA COMMUNICATIONS COM 78388J106 22,241 22,241 1,649 0.0025
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.