SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionHartland & Co., LLC
Latest Disclosed Ownership1,054 shares
Latest Disclosed Value $ 181,483
Hartland & Co., LLC reports 112.93% increase in ownership of SBAC / SBA Communications Corporation

On May 6, 2026 - Hartland & Co., LLC filed a 13F-HR form disclosing ownership of 1,054 shares of SBA Communications Corporation (MX:SBAC) valued at $181,483 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 495 shares of SBA Communications Corporation. This represents a change in shares of 112.93% 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)
2026-05-06 2026-03-31 13F SBA COMMUNICATIONS CL A 78410G104 1,054 559 112.93 181 90.53 0.0017
2026-02-09 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 495 205 70.69 96 69.64 0.0012
2025-11-10 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 290 -197 -40.45 56 -50.88 0.0007
2025-08-08 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 487 289 145.96 114 165.12 0.0016
2025-05-13 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 198 -455 -69.68 44 -67.67 0.0007
2025-02-10 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 653 334 104.70 133 75.00 0.0020
2024-11-13 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 319 3 0.95 77 22.58 0.0012
2024-08-12 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 316 151 91.52 62 93.75 0.0011
2024-05-14 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 165 0 0.00 33 -21.95 0.0016
2024-02-12 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 165 -584 -77.97 42 -72.48 0.0022
2023-11-13 2023-09-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 749 -432 -36.58 150 -45.42 0.0092
2023-11-07 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 749 -432 150 0.0082
2023-08-07 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,181 -490 -29.32 274 -37.39 0.0166
2023-05-09 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,671 408 32.30 436 23.16 0.0318
2023-02-14 2022-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,263 261 26.05 354 24.21 0.0277
2022-11-15 2022-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,002 150 17.61 285 4.40 0.0263
2022-08-12 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 852 34 4.16 273 -2.85 0.0213
2022-05-04 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 818 34 4.34 281 -7.87 0.0191
2022-02-14 2021-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 784 -5 -0.63 305 16.86 0.0207
2021-11-12 2021-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 789 -36 -4.36 261 -0.76 0.0195
2021-08-12 2021-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 825 41 5.23 263 20.64 0.0202
2021-05-14 2021-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 784 123 18.61 218 17.20 0.0182
2021-02-11 2020-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 661 -34 -4.89 186 -15.84 0.0169
2020-11-12 2020-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 695 0 0.00 221 6.76 0.0237
2020-08-11 2020-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 695 165 31.13 207 44.76 0.0239
2020-05-14 2020-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 530 530 143 0.0208
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.