SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionEarnest Partners Llc
Latest Disclosed Ownership784,102 shares
Latest Disclosed Value $ 134,951,795
Earnest Partners Llc reports 0.65% decrease in ownership of SBAC / SBA Communications Corporation

On May 15, 2026 - Earnest Partners Llc filed a 13F-HR form disclosing ownership of 784,102 shares of SBA Communications Corporation (MX:SBAC) valued at $134,951,795 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 789,238 shares of SBA Communications Corporation. This represents a change in shares of -0.65% 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 CL A 78410G104 784,102 -5,136 -0.65 134,952 -11.60 0.5564
2026-02-12 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 789,238 -17,497 -2.17 152,662 -2.13 0.6542
2025-11-14 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 806,735 3,199 0.40 155,982 -17.34 0.6767
2025-08-15 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 803,536 2,746 0.34 188,702 7.11 0.8506
2025-05-14 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 800,790 -2,291 -0.29 176,182 7.65 0.8436
2025-02-14 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 803,081 86,570 12.08 163,668 -5.10 0.7315
2024-11-14 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 716,511 6,313 0.89 172,464 23.71 0.7509
2024-08-14 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 710,198 14,926 2.15 139,412 -7.47 0.6518
2024-05-15 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 695,272 78,744 12.77 150,665 -3.67 0.6898
2024-02-14 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 616,528 66,343 12.06 156,407 42.02 0.7810
2023-11-14 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 550,185 41,779 8.22 110,131 -6.53 0.6352
2023-08-07 2023-06-30 13F SBA COMM REIT 78410G104 508,406 174,603 52.31 117,828 35.21 0.6586
2023-05-15 2023-03-31 13F SBA COMM REIT 78410G104 333,803 58,655 21.32 87,146 12.99 0.5040
2023-02-14 2022-12-31 13F SBA COMM REIT 78410G104 275,148 3,060 1.12 77,127 -0.42 0.4727
2022-11-14 2022-09-30 13F SBA COMM REIT 78410G104 272,088 8,499 3.22 77,450 -8.19 0.5202
2022-08-12 2022-06-30 13F SBA COMM REIT 78410G104 263,589 43,471 19.75 84,362 11.38 0.5619
2022-05-16 2022-03-31 13F SBA COMM REIT 78410G104 220,118 1,965 0.90 75,743 -10.75 0.4486
2022-02-07 2021-12-31 13F SBA COMM REIT 78410G104 218,153 6,256 2.95 84,866 21.16 0.4895
2021-11-15 2021-09-30 13F SBA COMM REIT 78410G104 211,897 2,097 1.00 70,047 4.76 0.4281
2021-08-16 2021-06-30 13F SBA COMM REIT 78410G104 209,800 8,657 4.30 66,863 19.77 0.3929
2021-05-17 2021-03-31 13F SBA COMM REIT 78410G104 201,143 21,564 12.01 55,827 10.19 0.3335
2021-02-16 2020-12-31 13F SBA COMM REIT 78410G104 179,579 -47,203 -20.81 50,665 -29.85 0.3500
2020-11-16 2020-09-30 13F SBA COMM REIT 78410G104 226,782 -112,745 -33.21 72,226 -28.60 0.6231
2020-08-13 2020-06-30 13F SBA COMM REIT 78410G104 339,527 -10,198 -2.92 101,152 7.14 0.9557
2020-05-14 2020-03-31 13F SBA COMM REIT 78410G104 349,725 2,121 0.61 94,415 12.71 1.0639
2020-02-07 2019-12-31 13F SBA COMM REIT 78410G104 347,604 171,775 97.69 83,769 97.56 0.6584
2019-11-14 2019-09-30 13F SBA COMM REIT 78410G104 175,829 10,261 6.20 42,401 13.90 0.3831
2019-08-13 2019-06-30 13F SBA COMM REIT 78410G104 165,568 4,946 3.08 37,226 16.08 0.3364
2019-05-15 2019-03-31 13F SBA COMM REIT 78410G104 160,622 -2,117 -1.30 32,070 21.73 0.3064
2019-02-14 2018-12-31 13F SBA COMM REIT 78410G104 162,739 -4,248 -2.54 26,346 -1.78 0.2869
2018-11-14 2018-09-30 13F SBA COMM REIT 78410G104 166,987 -2,961 -1.74 26,823 -4.42 0.2403
2018-08-13 2018-06-30 13F SBA COMM REIT 78410G104 169,948 -12,288 -6.74 28,062 -9.91 0.2625
2018-05-15 2018-03-31 13F SBA COMM REIT 78410G104 182,236 -43,030 -19.10 31,148 -15.36 0.2946
2018-02-14 2017-12-31 13F SBA COMM REIT 78410G104 225,266 -410,360 -64.56 36,799 -59.81 0.3524
2017-11-14 2017-09-30 13F SBA COMM REIT 78410G104 635,626 -7,826 -1.22 91,562 5.48 0.9121
2017-08-14 2017-06-30 13F SBA COMM REIT 78410G104 643,452 2,355 0.37 86,802 12.48 0.9117
2017-05-15 2017-03-31 13F SBA COMM REIT 78410G104 641,097 -240,526 -27.28 77,169 -15.23 0.8232
2017-02-14 2016-12-31 13F SBA COMM REIT 78410G104 881,623 -62,847 -6.65 91,036 -14.06 0.9940
2016-11-14 2016-09-30 13F SBA COMM CORP-A COM 78388J106 944,470 -11,386 -1.19 105,932 2.67 1.1111
2016-08-15 2016-06-30 13F SBA COMM CORP-A COM 78388J106 955,856 -16,636 -1.71 103,175 5.91 1.1195
2016-05-16 2016-03-31 13F SBA COMM CORP-A COM 78388J106 972,492 -16,434 -1.66 97,415 -6.25 1.0208
2016-02-16 2015-12-31 13F SBA COMM CORP-A COM 78388J106 988,926 -32,567 -3.19 103,906 -2.88 1.0597
2015-11-16 2015-09-30 13F SBA COMM CORP-A COM 78388J106 1,021,493 -45,466 -4.26 106,991 -12.78 1.0510
2015-08-14 2015-06-30 13F SBA COMM CORP-A COM 78388J106 1,066,959 -3,624 -0.34 122,668 -2.15 1.0714
2015-05-15 2015-03-31 13F SBA COMM CORP-A COM 78388J106 1,070,583 -90,684 -7.81 125,365 -2.53 1.0789
2015-02-17 2014-12-31 13F SBA COMM CORP-A COM 78388J106 1,161,267 -1,904 -0.16 128,622 -0.29 1.0556
2014-11-14 2014-09-30 13F SBA Tower Trust COM 78388J106 1,163,171 -42,776 -3.55 128,996 4.56 1.0785
2014-08-14 2014-06-30 13F SBA COMM CORP-A COM 78388J106 1,205,947 -24,258 -1.97 123,368 10.25 0.9822
2014-05-15 2014-03-31 13F SBA Tower Trust COM 78388J106 1,230,205 -34,009 -2.69 111,899 -1.48 0.8976
2014-02-14 2013-12-31 13F SBA Tower Trust COM 78388J106 1,264,214 1,264,214 113,577 0.9108
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.