SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionIFM Investors Pty Ltd
Latest Disclosed Ownership25,406 shares
Latest Disclosed Value $ 4,372,627
IFM Investors Pty Ltd reports 7.22% decrease in ownership of SBAC / SBA Communications Corporation

On April 24, 2026 - IFM Investors Pty Ltd filed a 13F-HR form disclosing ownership of 25,406 shares of SBA Communications Corporation (MX:SBAC) valued at $4,372,627 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 12, 2026 disclosing 27,383 shares of SBA Communications Corporation. This represents a change in shares of -7.22% 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)
2026-04-24 2026-03-31 13F SBA COMMUNICATIONS CL A 78410G104 25,406 -1,977 -7.22 4,373 87,340.00 0.0362
2026-02-12 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 27,383 37 0.14 5 -99.91 0.0442
2025-10-15 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 27,346 519 1.93 5,311 -15.70 0.0467
2025-07-11 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 26,827 34 0.13 6,300 6.89 0.0600
2025-05-21 2025-03-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 26,793 -6,488 -19.49 5,895 -13.09 0.0639
2025-04-29 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 34,715 1,434 8,356 0.0807
2025-04-29 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 33,281 -1,434 -4.13 6,783 -18.83 0.0689
2024-10-23 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 34,715 -227 -0.65 8,356 21.81 0.0802
2024-08-15 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 34,942 479 1.39 6,859 -8.15 0.0695
2024-04-22 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 34,463 -378 -1.08 7,468 93,250.00 0.0815
2024-01-12 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 34,841 86 0.25 9 -99.88 0.1076
2023-10-26 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 34,755 776 2.28 6,957 -11.66 0.0915
2023-07-27 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 33,979 8,360 32.63 7,875 17.73 0.1031
2023-05-11 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 25,619 703 2.82 6,688 -4.24 0.1014
2023-02-14 2022-12-31 13F SBA COMMUNICATIONS A CL A 78410G104 24,916 -6,489 -20.66 6,984 -21.87 0.1173
2022-10-12 2022-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 31,405 439 1.42 8,939 -9.81 0.1624
2022-07-15 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 30,966 -63 -0.20 9,911 -7.17 0.1739
2022-05-06 2022-03-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 31,029 16,839 118.67 10,677 93.42 0.1657
2022-04-13 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 31,029 16,839 10,677 0.1671
2022-01-18 2021-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 14,190 -151 -1.05 5,520 16.43 0.1012
2021-10-13 2021-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 14,341 -42 -0.29 4,741 3.42 0.0981
2021-07-16 2021-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 14,383 2,122 17.31 4,584 34.70 0.0937
2021-05-05 2021-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 12,261 1,349 12.36 3,403 10.52 0.0910
2021-01-13 2020-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 10,912 1,623 17.47 3,079 4.09 0.0979
2020-10-16 2020-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 9,289 1,012 12.23 2,958 19.95 0.1240
2020-07-13 2020-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 8,277 -3,047 -26.91 2,466 -21.86 0.1268
2020-04-09 2020-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 11,324 -425 -3.62 3,156 11.48 0.1413
2020-01-13 2019-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 11,749 -643 -5.19 2,831 -5.25 0.0999
2019-11-01 2019-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 12,392 4,172 50.75 2,988 61.69 0.1104
2019-07-16 2019-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 8,220 806 10.87 1,848 24.86 0.1050
2019-04-18 2019-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 7,414 510 7.39 1,480 32.38 0.0950
2019-01-23 2018-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,904 657 10.52 1,118 11.47 0.0904
2018-10-22 2018-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,247 746 13.56 1,003 10.46 0.0761
2018-07-09 2018-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,501 1,562 39.65 908 34.92 0.0858
2018-05-10 2018-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,939 193 5.15 673 9.97 0.0968
2018-01-29 2017-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,746 177 4.96 612 19.07 0.0966
2017-11-15 2017-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,569 0 0.00 514 6.86 0.0867
2017-11-21 2017-06-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 3,569 1,329 59.33 481 78.15 0.0865
2017-11-21 2017-03-31 13F/A-3 SBA COMMUNICATIONS CORP CL A 78410G104 2,240 2,240 270 0.0683
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.