SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionCerity Partners LLC
Latest Disclosed Ownership14,853 shares
Latest Disclosed Value $ 2,556,197
Cerity Partners LLC reports 61.23% decrease in ownership of SBAC / SBA Communications Corporation

On May 15, 2026 - Cerity Partners LLC filed a 13F-HR form disclosing ownership of 14,853 shares of SBA Communications Corporation (MX:SBAC) valued at $2,556,197 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 38,313 shares of SBA Communications Corporation. This represents a change in shares of -61.23% 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 14,853 -23,460 -61.23 2,556 -65.51 0.0018
2026-02-11 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 38,313 5,374 16.32 7,411 16.36 0.0108
2025-10-22 2025-09-30 13F SBA COMMUNICATIONS CORP COM 78410G104 32,939 203 0.62 6,369 -17.16 0.0103
2025-08-13 2025-06-30 13F SBA COMMUNICATIONS CORP REIT 78410G104 32,736 -457 -1.38 7,688 5.27 0.0137
2025-04-30 2025-03-31 13F SBA COMMUNICATIONS CORP REIT 78410G104 33,193 1,189 3.72 7,303 5.46 0.0148
2025-02-13 2024-12-31 13F SBA COMMUNICATIONS CORP Stock 78410G104 32,004 14,407 81.87 6,925 63.49 0.0150
2024-11-12 2024-09-30 13F SBA COMMUNICATIONS CORP Stock 78410G104 17,597 2,376 15.61 4,236 41.78 0.0094
2024-08-13 2024-06-30 13F SBA COMMUNICATIONS CORP Stock 78410G104 15,221 -630 -3.97 2,988 -13.02 0.0079
2024-05-14 2024-03-31 13F SBA COMMUNICATIONS CORP Equities 78410G104 15,851 12,242 339.21 3,435 274.89 0.0091
2024-01-26 2023-12-31 13F SBA COMMUNICATIONS CORP Equity 78410G104 3,609 1,418 64.72 916 109.13 0.0030
2023-11-14 2023-09-30 13F SBA COMMUNICATIONS CORP Equities 78410G104 2,191 -1,518 -40.93 439 -49.01 0.0021
2023-08-14 2023-06-30 13F SBA COMMUNICATIONS CORP Equities 78410G104 3,709 1,339 56.50 860 -27.08 0.0033
2023-05-11 2023-03-31 13F SBA COMMUNICATIONS CORP Equities 78410G104 2,370 -858 -26.58 1,179 30.31 0.0028
2023-02-15 2022-12-31 13F SBA COMMUNICATIONS CORP Equities 78410G104 3,228 841 35.23 905 32.94 0.0058
2022-11-14 2022-09-30 13F SBA COMMUNICATIONS CORP COM 78410G104 2,387 -419 -14.93 680 -24.28 0.0082
2022-08-10 2022-06-30 13F SBA COMMUNICATIONS CORP STOCK 78410G104 2,806 744 36.08 898 26.48 0.0099
2022-04-25 2022-03-31 13F SBA COMMUNICATIONS CORP COM 78410G104 2,062 -52 -2.46 710 -13.83 0.0110
2022-02-14 2021-12-31 13F SBA COMMUNICATIONS CORP Stock 78410G104 2,114 1,350 176.70 824 228.29 0.0125
2021-10-25 2021-09-30 13F S B A Communications Stock 78410G104 764 5 0.66 251 4.15 0.0055
2021-08-11 2021-06-30 13F SBA COMMUNICATIONS CORP Stock 78410G104 759 -7 -0.91 241 13.15 0.0053
2021-08-11 2021-03-31 13F/A-1 SBA COMMUNICATIONS CORP Stock 78410G104 766 766 213 0.0051
2021-05-12 2021-03-31 13F SBA COMMUNICATIONS CORP Stock 78410G104 1,167 1,167 324 0.0096
2021-02-11 2020-12-31 13F SBA COMMUNICATIONS CORP COM 78410G104 0 -628 -100.00 0 -100.00
2020-11-12 2020-09-30 13F SBA COMMUNICATIONS CORP COM 78410G104 628 628 200 0.0082
2019-08-14 2019-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 0 -1,138 -100.00 0 -100.00
2019-05-14 2019-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,138 1,138 227 0.0153
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.