SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionLegal & General Group Plc
Latest Disclosed Ownership1,507,591 shares
Latest Disclosed Value $ 259,471,489
Legal & General Group Plc reports 0.57% increase in ownership of SBAC / SBA Communications Corporation

On May 8, 2026 - Legal & General Group Plc filed a 13F-HR form disclosing ownership of 1,507,591 shares of SBA Communications Corporation (MX:SBAC) valued at $259,471,489 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 1,499,036 shares of SBA Communications Corporation. This represents a change in shares of 0.57% 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)
2026-05-08 2026-03-31 13F SBA COMMUNICATIONS CL A 78410G104 1,507,591 8,555 0.57 259,471 -10.51 0.0322
2026-02-09 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,499,036 76,440 5.37 289,959 5.42 0.0643
2025-11-13 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,422,596 79,572 5.92 275,059 -12.79 0.0617
2025-08-12 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,343,024 41,671 3.20 315,396 10.16 0.0783
2025-05-15 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,301,353 11,863 0.92 286,311 8.95 0.0780
2025-02-13 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,289,490 -23,152 -1.76 262,798 -16.82 0.0695
2025-02-28 2024-09-30 13F/A-2 SBA COMMUNICATIONS CORP CL A 78410G104 1,312,642 -4,667 -0.35 315,953 22.18 0.0831
2024-11-14 2024-09-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 1,473,332 -3,617 354,631 0.0739
2024-11-14 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,473,332 -3,617 354,631 0.0373
2025-05-29 2024-06-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 1,317,309 -3,664 -0.28 258,588 -9.66 0.0731
2024-08-14 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,476,949 -4,560 289,925 0.0649
2025-05-29 2024-03-31 13F/A-2 SBA COMMUNICATIONS CORP CL A 78410G104 1,320,973 34,788 2.70 286,254 -12.27 0.0824
2024-07-01 2024-03-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 1,481,509 33,677 321,043 0.0749
2024-05-14 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,481,509 33,677 321,043 0.0386
2025-05-29 2023-12-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 1,286,185 -60,525 -4.49 326,292 21.04 0.1014
2024-02-15 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,447,832 101,122 367,301 0.0942
2023-11-14 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,346,710 -7,700 -0.57 269,571 -14.12 0.0940
2023-08-14 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,354,410 34,650 2.63 313,898 -8.90 0.1021
2023-05-15 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,319,760 3,480 0.26 344,549 -6.62 0.1232
2023-02-14 2022-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,316,280 31,446 2.45 368,968 0.88 0.1416
2022-11-14 2022-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,284,834 -50,590 -3.79 365,733 -14.43 0.1429
2022-08-22 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,335,424 42,421 3.28 427,404 -3.94 0.1512
2022-05-16 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,293,003 57,457 4.65 444,925 -7.43 0.1353
2022-02-14 2021-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,235,546 -7,582 -0.61 480,653 16.96 0.1454
2021-11-15 2021-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,243,128 6,114 0.49 410,941 4.24 0.1336
2021-08-12 2021-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,237,014 -21,720 -1.73 394,237 12.85 0.1318
2021-05-17 2021-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,258,734 22,064 1.78 349,361 0.13 0.1302
2021-02-12 2020-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,236,670 33,165 2.76 348,901 -8.97 0.1366
2020-11-13 2020-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,203,505 2,554 0.21 383,291 7.14 0.1713
2020-08-14 2020-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,200,951 24,583 2.09 357,743 12.68 0.1729
2020-05-14 2020-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,176,368 -29,942 -2.48 317,489 9.21 0.1857
2020-02-13 2019-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,206,310 49,911 4.32 290,709 11.81 0.1385
2019-08-14 2019-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,156,399 16,997 1.49 260,005 14.29 0.1399
2019-05-15 2019-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,139,402 168,575 17.36 227,493 44.75 0.1299
2019-02-15 2018-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 970,827 41,586 4.48 157,167 5.29 0.1218
2018-11-20 2018-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 929,241 5,929 0.64 149,264 -2.09 0.1068
2018-08-10 2018-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 923,312 10,046 1.10 152,457 -2.32 0.1176
2018-05-17 2018-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 913,266 3,323 0.37 156,081 5.00 0.1191
2018-02-13 2017-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 909,943 5,775 0.64 148,648 14.13 0.1076
2017-11-09 2017-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 904,168 86,537 10.58 130,245 18.08 0.0980
2017-08-03 2017-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 817,631 14,622 1.82 110,299 14.12 0.0891
2017-05-12 2017-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 803,009 203,259 33.89 96,652 56.06 0.0820
2017-02-13 2016-12-31 13F SBA COMMUNICATIONS COM 78388J106 599,750 -7,979 -1.31 61,934 -9.13 0.0578
2016-10-12 2016-09-30 13F SBA COMMUNICATIONS COM 78388J106 607,729 11,113 1.86 68,160 5.85 0.0691
2016-08-16 2016-06-30 13F SBA COMMUNICATIONS COM 78388J106 596,616 -21,345 -3.45 64,395 4.00 0.0679
2016-05-16 2016-03-31 13F SBA COMMUNICATIONS COM 78388J106 617,961 4,229 0.69 61,917 -3.98 0.0686
2016-02-16 2015-12-31 13F SBA COMMUNICATIONS COM 78388J106 613,732 272 0.04 64,482 0.34 0.0729
2015-11-13 2015-09-30 13F SBA COMMUNICATIONS COM 78388J106 613,460 30,343 5.20 64,263 -4.19 0.0783
2015-07-31 2015-06-30 13F SBA COMMUNICATIONS COM 78388J106 583,117 7,923 1.38 67,072 -0.58 0.0788
2015-05-14 2015-03-31 13F SBA COMMUNICATIONS COM 78388J106 575,194 11,929 2.12 67,464 8.10 0.0806
2015-02-20 2014-12-31 13F/A-1 SBA COMMUNICATIONS COM 78388J106 563,265 32,627 6.15 62,410 6.06 0.0734
2015-02-17 2014-12-31 13F SBA COMMUNICATIONS COM 78388J106 563,265 32,627 62,410 0.0769
2014-11-14 2014-09-30 13F SBA COMMUNICATIONS COM 78388J106 530,638 32 0.01 58,845 8.41 0.0706
2014-08-13 2014-06-30 13F SBA COMMUNICATIONS COM 78388J106 530,606 56,405 11.89 54,282 25.85 0.0632
2014-05-14 2014-03-31 13F SBA COMMUNICATIONS COM 78388J106 474,201 -11,894 -2.45 43,133 -1.23 0.0524
2014-02-07 2013-12-31 13F SBA COMMUNICATIONS COM 78388J106 486,095 13,446 2.84 43,671 14.83 0.0528
2013-11-12 2013-09-30 13F SBA COMMUNICATIONS COM 78388J106 472,649 38,781 8.94 38,030 18.26 0.0501
2013-08-01 2013-06-30 13F SBA COMMUNICATIONS COM 78388J106 433,868 433,868 32,158 0.0444
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.