SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionLazard Asset Management Llc
Latest Disclosed Ownership120,462 shares
Latest Disclosed Value $ 20,732,715
Lazard Asset Management Llc reports 51.52% decrease in ownership of SBAC / SBA Communications Corporation

On May 15, 2026 - Lazard Asset Management Llc filed a 13F-HR form disclosing ownership of 120,462 shares of SBA Communications Corporation (MX:SBAC) valued at $20,732,715 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 248,476 shares of SBA Communications Corporation. This represents a change in shares of -51.52% 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 120,462 -128,014 -51.52 20,733 -56.86 0.0178
2026-02-17 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 248,476 53,372 27.36 48,063 27.41 0.0814
2025-11-14 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 195,104 49,947 34.41 37,723 110,850.00 0.0508
2025-08-14 2025-06-30 13F SBA COMMUN CL A Common Stock 78410G104 145,157 48,347 49.94 34 61.90 0.0469
2025-05-15 2025-03-31 13F SBA COMMUN CL A Common Stock 78410G104 96,810 33,036 51.80 21 75.00 0.0327
2025-02-14 2024-12-31 13F SBA COMMUN CL A Common Stock 78410G104 63,774 -28,400 -30.81 13 -45.45 0.0190
2024-11-14 2024-09-30 13F SBA COMMUN CL A Common Stock 78410G104 92,174 -192,765 -67.65 22 -60.00 0.0297
2024-08-14 2024-06-30 13F SBA COMMUN CL A Common Stock 78410G104 284,939 136,252 91.64 56 71.88 0.0702
2024-07-09 2024-03-31 13F/A-1 SBA COMMUN CL A Common Stock 78410G104 148,687 10,753 7.80 32 -5.88 0.0392
2024-05-14 2024-03-31 13F SBA COMMUN CL A Common Stock 78410G104 148,687 10,753 32 0.0391
2024-02-14 2023-12-31 13F SBA COMMUN CL A Common Stock 78410G104 137,934 -97,657 -41.45 35 -27.66 0.0443
2023-11-14 2023-09-30 13F SBA COMMUN CL A Common Stock 78410G104 235,591 68,643 41.12 47 23.68 0.0641
2023-08-15 2023-06-30 13F SBA COMMUN CL A Common Stock 78410G104 166,948 -59,722 -26.35 39 -35.59 0.0476
2023-05-15 2023-03-31 13F SBA COMMUN CL A Common Stock 78410G104 226,670 62,347 37.94 59 -99.87 0.0776
2023-02-15 2022-12-31 13F SBA COMMUN CL A Common Stock 78410G104 164,323 63,837 63.53 46,061 61.04 0.0635
2022-11-14 2022-09-30 13F SBA COMMUN CL A Common Stock 78410G104 100,486 -101 -0.10 28,602 -11.15 0.0418
2022-08-09 2022-06-30 13F SBA COMMUN CL A Common Stock 78410G104 100,587 72,048 252.45 32,192 227.85 0.0435
2022-05-13 2022-03-31 13F SBA COMMUN CL A Common Stock 78410G104 28,539 -12,174 -29.90 9,819 -38.00 0.0114
2022-02-09 2021-12-31 13F SBA COMMUN CL A Common Stock 78410G104 40,713 -330 -0.80 15,837 16.73 0.0169
2021-11-15 2021-09-30 13F SBA COMMUN CL A Common Stock 78410G104 41,043 13,274 47.80 13,567 53.32 0.0153
2021-08-12 2021-06-30 13F SBA COMMUN CL A Common Stock 78410G104 27,769 7,013 33.79 8,849 53.63 0.0099
2021-05-14 2021-03-31 13F SBA COMMUN CL A Common Stock 78410G104 20,756 -20,874 -50.14 5,760 -50.95 0.0070
2021-02-11 2020-12-31 13F SBA COMMUN CL A Common Stock 78410G104 41,630 757 1.85 11,744 -9.78 0.0148
2020-11-13 2020-09-30 13F SBA COMMUN CL A Common Stock 78410G104 40,873 -2,391 -5.53 13,017 1.00 0.0183
2020-08-13 2020-06-30 13F SBA COMMUN CL A Common Stock 78410G104 43,264 -9,981 -18.75 12,888 -10.34 0.0198
2020-05-14 2020-03-31 13F SBA COMMUN CL A Common Stock 78410G104 53,245 -9,032 -14.50 14,374 -4.22 0.0263
2020-02-13 2019-12-31 13F SBA COMMUN CL A Common Stock 78410G104 62,277 4,887 8.52 15,007 8.45 0.0214
2019-11-14 2019-09-30 13F SBA COMMUN CL A Common Stock 78410G104 57,390 11,444 24.91 13,838 33.96 0.0227
2019-08-14 2019-06-30 13F SBA COMMUN CL A Common Stock 78410G104 45,946 7,871 20.67 10,330 35.89 0.0167
2019-08-28 2019-03-31 13F/A-1 SBA COMMUN CL A Common Stock 78410G104 38,075 0 0.00 7,602 23.35 0.0124
2019-05-13 2019-03-31 13F SBA COMMUN CL A Common Stock 78410G104 38,075 0 7,602
2019-08-28 2018-12-31 13F/A-1 SBA COMMUN CL A Common Stock 78410G104 38,075 0 0.00 6,163 0.78 0.0113
2019-02-13 2018-12-31 13F SBA COMMUN CL A Common Stock 78410G104 38,075 0 6,163
2019-08-30 2018-09-30 13F/A-1 SBA COMMUN CL A Common Stock 78410G104 38,075 0 0.00 6,115 -2.72 0.0099
2018-11-13 2018-09-30 13F SBA COMMUN CL A Common Stock 78410G104 38,075 0 6,115
2019-08-30 2018-06-30 13F/A-1 SBA COMMUN CL A Common Stock 78410G104 38,075 0 0.00 6,286 -3.40 0.0109
2018-08-13 2018-06-30 13F SBA COMMUN CL A Common Stock 78410G104 38,075 0 6,286
2019-08-28 2018-03-31 13F/A-1 SBA COMMUN CL A Common Stock 78410G104 38,075 0 0.00 6,507 4.63 0.0111
2018-05-14 2018-03-31 13F SBA COMMUN CL A Common Stock 78410G104 38,075 0 6,507
2019-08-28 2017-12-31 13F/A-1 SBA COMMUN CL A Common Stock 78410G104 38,075 38,075 6,219 0.0106
2018-02-13 2017-12-31 13F SBA COMMUN CL A Common Stock 78410G104 38,075 6,219 0.0118
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.