SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionJustInvest LLC
Latest Disclosed Ownership7,713 shares
Latest Disclosed Value $ 1,327,485
JustInvest LLC reports 42.59% decrease in ownership of SBAC / SBA Communications Corporation

On May 14, 2026 - JustInvest LLC filed a 13F-HR form disclosing ownership of 7,713 shares of SBA Communications Corporation (MX:SBAC) valued at $1,327,485 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 13,434 shares of SBA Communications Corporation. This represents a change in shares of -42.59% 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)
2026-05-14 2026-03-31 13F SBA COMMUNICATIONS CL A 78410G104 7,713 -5,721 -42.59 1,327 -48.92 0.0130
2026-02-13 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 13,434 2,021 17.71 2,599 17.77 0.0254
2025-10-31 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 11,413 -2,246 -16.44 2,207 -31.21 0.0226
2025-07-25 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 13,659 3,826 38.91 3,208 48.27 0.0362
2025-05-14 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 9,833 283 2.96 2,163 11.15 0.0319
2025-02-10 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 9,550 789 9.01 1,946 -7.69 0.0294
2024-11-12 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 8,761 940 12.02 2,109 37.78 0.0340
2024-08-12 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 7,821 189 2.48 1,531 -7.44 0.0291
2024-05-09 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 7,632 1,125 17.29 1,654 0.18 0.0355
2024-02-08 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,507 1,626 33.31 1,651 68.88 0.0428
2023-11-08 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,881 -33 -0.67 977 -14.15 0.0292
2023-07-28 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,914 80 1.65 1,139 -9.83 0.0349
2023-05-10 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,834 -402 -7.68 1,262 -13.97 0.0438
2023-02-10 2022-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,236 -1,474 -21.97 1,468 -23.19 0.0606
2022-11-14 2022-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,710 199 3.06 1,910 -8.35 0.0864
2022-08-12 2022-06-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 6,511 1,862 40.05 2,084 30.25 0.0965
2022-08-09 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,511 1,862 2,084 0.0965
2022-05-16 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,649 693 17.52 1,600 3.96 0.0774
2022-02-23 2021-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,956 1,160 41.49 1,539 66.56 0.0907
2021-11-09 2021-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,796 361 14.83 924 19.07 0.0830
2021-08-11 2021-06-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 2,435 692 39.70 776 60.33 0.0812
2021-07-21 2021-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,743 0 484 0.0737
2021-04-28 2021-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,743 601 52.63 484 50.31 0.0733
2021-01-20 2020-12-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 1,142 70 6.53 322 -5.57 0.0700
2020-10-26 2020-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,072 1,072 341 0.0957
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.