SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionDf Dent & Co Inc
Latest Disclosed Ownership3,686 shares
Latest Disclosed Value $ 634,357
Df Dent & Co Inc reports 47.52% decrease in ownership of SBAC / SBA Communications Corporation

On May 15, 2026 - Df Dent & Co Inc filed a 13F-HR form disclosing ownership of 3,686 shares of SBA Communications Corporation (MX:SBAC) valued at $634,357 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 7,024 shares of SBA Communications Corporation. This represents a change in shares of -47.52% 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 CORP CL A COM 78410G104 3,686 -3,338 -47.52 634 -53.31 0.0121
2026-02-17 2025-12-31 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 7,024 -583 -7.66 1,359 -7.62 0.0196
2025-11-14 2025-09-30 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 7,607 -176 -2.26 1,471 -19.54 0.0190
2025-08-14 2025-06-30 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 7,783 -276 -3.42 1,828 3.10 0.0232
2025-05-15 2025-03-31 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 8,059 -1,537 -16.02 1,773 -9.36 0.0237
2025-02-12 2024-12-31 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 9,596 -3,734 -28.01 1,956 -39.06 0.0248
2024-11-15 2024-09-30 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 13,330 -3,304 -19.86 3,209 -1.75 0.0390
2024-08-14 2024-06-30 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 16,634 -10,295 -38.23 3,265 -44.04 0.0422
2024-05-15 2024-03-31 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 26,929 -101,681 -79.06 5,836 -82.12 0.0712
2024-02-14 2023-12-31 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 128,610 -61,268 -32.27 32,627 -14.16 0.4324
2023-11-14 2023-09-30 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 189,878 -8,006 -4.05 38,008 -17.13 0.5568
2023-08-14 2023-06-30 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 197,884 -63,591 -24.32 45,862 -32.82 0.6207
2023-05-15 2023-03-31 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 261,475 -7,132 -2.66 68,263 -9.34 0.9625
2023-02-15 2022-12-31 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 268,607 -7,985 -2.89 75,293 -4.37 1.1251
2022-11-14 2022-09-30 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 276,592 -95,439 -25.65 78,732 -33.88 1.2161
2022-08-15 2022-06-30 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 372,031 -125,848 -25.28 119,068 -30.50 1.6792
2022-05-16 2022-03-31 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 497,879 8,553 1.75 171,320 -10.00 1.9738
2022-02-14 2021-12-31 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 489,326 -136,123 -21.76 190,358 -7.93 1.9133
2021-11-15 2021-09-30 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 625,449 45,369 7.82 206,755 11.84 2.1194
2021-08-16 2021-06-30 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 580,080 10,364 1.82 184,871 16.91 1.9638
2021-05-17 2021-03-31 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 569,716 43,231 8.21 158,125 6.45 1.8357
2021-02-16 2020-12-31 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 526,485 128,963 32.44 148,537 17.33 1.7254
2020-11-16 2020-09-30 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 397,522 38,816 10.82 126,603 18.47 1.7058
2020-08-14 2020-06-30 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 358,706 19,076 5.62 106,866 16.55 1.6126
2020-05-15 2020-03-31 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 339,630 -8,251 -2.37 91,690 9.37 1.7682
2020-02-14 2019-12-31 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 347,881 3,849 1.12 83,836 1.05 1.4166
2019-11-14 2019-09-30 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 344,032 12,648 3.82 82,963 11.35 1.4880
2019-08-15 2019-06-30 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 331,384 10,509 3.28 74,508 16.30 1.3562
2019-05-15 2019-03-31 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 320,875 44,093 15.93 64,066 42.98 1.2710
2019-02-14 2018-12-31 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 276,782 57,294 26.10 44,808 27.09 1.1175
2018-11-15 2018-09-30 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 219,488 15,614 7.66 35,256 4.73 0.7329
2018-08-15 2018-06-30 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 203,874 53,456 35.54 33,664 30.94 0.7578
2018-05-15 2018-03-31 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 150,418 -37,661 -20.02 25,709 -16.33 0.5951
2018-02-15 2017-12-31 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 188,079 -2,387 -1.25 30,725 11.98 0.7730
2017-11-15 2017-09-30 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 190,466 6,587 3.58 27,437 10.61 0.7118
2017-08-15 2017-06-30 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 183,879 -10,748 -5.52 24,805 5.88 0.6548
2017-05-15 2017-03-31 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 194,627 1,062 0.55 23,427 17.21 0.6621
2017-02-15 2016-12-31 13F SBA COMMUNICATIONS CORP CL A COM 78410G104 193,565 43,494 28.98 19,988 18.75 0.5612
2016-11-15 2016-09-30 13F SBA COMMUNICATIONS CORP CL A COM 78388J106 150,071 14,535 10.72 16,832 15.05 0.4655
2016-08-12 2016-06-30 13F SBA COMMUNICATIONS CRP A COM 78388J106 135,536 47,953 54.75 14,630 66.76 0.4107
2016-05-16 2016-03-31 13F SBA COMMUNICATIONS CRP A COM 78388J106 87,583 14,133 19.24 8,773 13.68 0.2553
2016-02-12 2015-12-31 13F SBA COMMUNICATIONS CORP COM COM 78388J106 73,450 58,735 399.15 7,717 400.78 0.2164
2015-11-19 2015-09-30 13F SBA COMMUNICATIONS CORP COM COM 78388J106 14,715 0 0.00 1,541 -8.92 0.0437
2015-08-13 2015-06-30 13F SBA COMMUNICATIONS CORP COM COM 78388J106 14,715 0 0.00 1,692 -1.80 0.0457
2015-05-14 2015-03-31 13F SBA COMMUNICATIONS COM 78388J106 14,715 230 1.59 1,723 7.42 0.0425
2015-02-12 2014-12-31 13F SBA COMMUNICATIONS COM 78388J106 14,485 88 0.61 1,604 0.44 0.0390
2014-11-13 2014-09-30 13F SBA COMMUNICATIONS COM 78388J106 14,397 -874 -5.72 1,597 2.24 0.0398
2014-07-08 2014-06-30 13F SBA COMMUNICATIONS COM 78388J106 15,271 -5,289 -25.72 1,562 -16.47 0.0361
2014-04-16 2014-03-31 13F SBA COMMUNICATIONS COM 78388J106 20,560 -1,838 -8.21 1,870 -7.06 0.0437
2014-02-10 2013-12-31 13F SBA COMMUNICATIONS COM 78388J106 22,398 -556 -2.42 2,012 8.93 0.0459
2013-10-31 2013-09-30 13F SBA COMMUNICATIONS COM 78388J106 22,954 -655 -2.77 1,847 5.54 0.0476
2013-07-25 2013-06-30 13F SBA COMMUNICATIONS COM 78388J106 23,609 23,609 1,750 0.0498
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.