SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionCohen & Steers, Inc.
Latest Disclosed Ownership3,133,241 shares
Latest Disclosed Value $ 539,264
Cohen & Steers, Inc. reports 9.15% decrease in ownership of SBAC / SBA Communications Corporation

On May 15, 2026 - Cohen & Steers, Inc. filed a 13F-HR form disclosing ownership of 3,133,241 shares of SBA Communications Corporation (MX:SBAC) valued at $539,264 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 3,448,807 shares of SBA Communications Corporation. This represents a change in shares of -9.15% 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)
2026-05-15 2026-03-31 13F SBA Communications COM 78410G104 3,133,241 -315,566 -9.15 539 -19.19 0.9367
2026-02-13 2025-12-31 13F SBA Communications COM 78410G104 3,448,807 -332,268 -8.79 667 -8.76 1.2061
2025-11-14 2025-09-30 13F SBA Communications COM 78410G104 3,781,075 -1,259,980 -24.99 731 -38.21 1.3189
2025-08-14 2025-06-30 13F SBA Communications COM 78410G104 5,041,055 3,222,574 177.21 1,184 195.75 2.1705
2025-05-15 2025-03-31 13F SBA Communications COM 78410G104 1,818,481 -64,584 -3.43 400 4.44 0.7394
2025-02-13 2024-12-31 13F SBA Communications COM 78410G104 1,883,065 432,644 29.83 384 9.74 0.7268
2024-11-14 2024-09-30 13F SBA Communications COM 78410G104 1,450,421 715,468 97.35 349 142.36 0.6211
2024-08-13 2024-06-30 13F SBA Communications COM 78410G104 734,953 -25,025 -3.29 144 -12.20 0.3025
2024-05-15 2024-03-31 13F SBA Communications COM 78410G104 759,978 -3,286,322 -81.22 165 -84.02 0.3447
2024-02-14 2023-12-31 13F SBA Communications COM 78410G104 4,046,300 -1,741,851 -30.09 1,027 -11.40 2.0770
2023-11-14 2023-09-30 13F SBA Communications COM 78410G104 5,788,151 1,641,420 39.58 1,159 20.63 2.6636
2023-08-14 2023-06-30 13F SBA Communications COM 78410G104 4,146,731 -146,623 -3.42 961 -14.29 2.0245
2023-05-15 2023-03-31 13F SBA Communications COM 78410G104 4,293,354 3,175,914 284.21 1,121 -99.64 2.4214
2023-02-14 2022-12-31 13F SBA Communications COM 78410G104 1,117,440 22,849 2.09 313,277 0.55 0.6915
2022-11-14 2022-09-30 13F SBA Communications COM 78410G104 1,094,591 -987,395 -47.43 311,553 -53.24 0.6971
2022-08-15 2022-06-30 13F SBA Communications COM 78410G104 2,081,986 -1,360,405 -39.52 666,263 -43.75 1.3086
2022-05-16 2022-03-31 13F SBA Communications COM 78410G104 3,442,391 156,278 4.76 1,184,473 -7.34 1.9843
2022-02-14 2021-12-31 13F SBA Communications COM 78410G104 3,286,113 -450,774 -12.06 1,278,344 3.48 2.0771
2021-11-15 2021-09-30 13F SBA Communications COM 78410G104 3,736,887 -976,912 -20.72 1,235,379 -17.77 2.3061
2021-08-16 2021-06-30 13F SBA Communications COM 78410G104 4,713,799 135,927 2.97 1,502,376 18.24 2.8538
2021-05-17 2021-03-31 13F SBA Communications COM 78410G104 4,577,872 956,026 26.40 1,270,571 24.34 2.7224
2021-02-16 2020-12-31 13F SBA Communications COM 78410G104 3,621,846 52,370 1.47 1,021,821 -10.11 2.4559
2020-11-16 2020-09-30 13F SBA Communications COM 78410G104 3,569,476 535,893 17.67 1,136,807 25.79 3.0265
2020-08-14 2020-06-30 13F SBA Communications COM 78410G104 3,033,583 -67,614 -2.18 903,765 7.95 2.5220
2020-05-15 2020-03-31 13F SBA Communications COM 78410G104 3,101,197 221,278 7.68 837,230 20.63 2.7020
2020-02-14 2019-12-31 13F SBA Communications COM 78410G104 2,879,919 -1,337,044 -31.71 694,032 -31.75 1.7265
2019-11-14 2019-09-30 13F SBA Communications COM 78410G104 4,216,963 -305,129 -6.75 1,016,921 0.02 2.5481
2019-08-14 2019-06-30 13F SBA Communications COM 78410G104 4,522,092 990,368 28.04 1,016,747 44.19 2.8199
2019-05-15 2019-03-31 13F SBA Communications COM 78410G104 3,531,724 -104,628 -2.88 705,144 19.78 1.9562
2019-02-14 2018-12-31 13F SBA Communications COM 78410G104 3,636,352 2,947,789 428.11 588,689 432.25 1.8728
2018-11-16 2018-09-30 13F/A-1 SBA Communications COM 78410G104 688,563 476,722 225.04 110,604 216.20 0.3216
2018-11-14 2018-09-30 13F SBA Communications COM 78410G104 688,563 476,722 110,604
2018-08-14 2018-06-30 13F SBA Communications COM 78410G104 211,841 33,898 19.05 34,979 15.01 0.1002
2018-05-14 2018-03-31 13F SBA Communications COM 78410G104 177,943 18,929 11.90 30,414 17.08 0.0930
2018-02-14 2017-12-31 13F SBA Communications COM 78410G104 159,014 156,986 7,740.93 25,977 8,796.23 0.0718
2017-11-14 2017-09-30 13F SBA Communications COM 78410G104 2,028 0 0.00 292 6.57 0.0008
2017-08-14 2017-06-30 13F SBA Communications COM 78410G104 2,028 0 0.00 274 12.30 0.0007
2017-05-15 2017-03-31 13F SBA Communications COM 78410G104 2,028 -237,413 -99.15 244 -99.01 0.0007
2017-02-14 2016-12-31 13F SBA Communications COM 78388J106 239,441 8,657 3.75 24,725 -4.48 0.0683
2016-11-14 2016-09-30 13F SBA Communications COM 78388J106 230,784 230,784 0.00 25,885 0.0664
2016-05-16 2016-03-31 13F SBA Communications COM 78388J106 0 -165,346 -100.00 0 -100.00
2016-02-16 2015-12-31 13F SBA Communications COM 78388J106 165,346 0 0.00 17,373 0.32 0.0499
2015-11-16 2015-09-30 13F SBA Communications COM 78388J106 165,346 0 0.00 17,318 -8.90 0.0524
2015-08-14 2015-06-30 13F SBA Communications COM 78388J106 165,346 -90,731 -35.43 19,010 -36.61 0.0577
2015-05-15 2015-03-31 13F SBA Communications COM 78388J106 256,077 256,077 0.00 29,987 0.0811
2015-02-17 2014-12-31 13F SBA Communications Cl A COM 78388J106 0 -861,241 -100.00 0 -100.00
2014-11-14 2014-09-30 13F SBA Communications Cl A COM 78388J106 861,241 22,430 2.67 95,512 11.31 0.2889
2014-08-14 2014-06-30 13F SBA Communications Cl A COM 78388J106 838,811 48,104 6.08 85,810 19.31 0.2458
2014-05-15 2014-03-31 13F SBA Communications Cl A COM 78388J106 790,707 7,947 1.02 71,923 2.28 0.2174
2014-02-14 2013-12-31 13F SBA Communications Cl A COM 78388J106 782,760 -193,865 -19.85 70,323 -10.51 0.2297
2013-11-14 2013-09-30 13F SBA Communications Cl A COM 78388J106 976,625 -419 -0.04 78,579 8.51 0.2537
2013-08-14 2013-06-30 13F SBA Communications Cl A COM 78388J106 977,044 977,044 72,419 0.2250
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.