SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionMAI Capital Management
Latest Disclosed Ownership933 shares
Latest Disclosed Value $ 160,579
MAI Capital Management reports 46.01% increase in ownership of SBAC / SBA Communications Corporation

On May 15, 2026 - MAI Capital Management filed a 13F-HR form disclosing ownership of 933 shares of SBA Communications Corporation (MX:SBAC) valued at $160,579 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 639 shares of SBA Communications Corporation. This represents a change in shares of 46.01% 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 933 294 46.01 161 30.08 0.0009
2026-02-13 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 639 60 10.36 124 9.82 0.0007
2025-11-10 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 579 -101 -14.85 112 -29.56 0.0007
2025-08-12 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 680 50 7.94 160 15.22 0.0011
2025-05-15 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 630 3 0.48 139 8.66 0.0010
2025-02-14 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 627 627 128 0.0009
2024-05-08 2024-03-31 13F SBA Communications CS 78410G104 0 -822 -100.00 0 -100.00
2024-02-09 2023-12-31 13F SBA Communications CS 78410G104 822 822 209 0.0027
2022-07-19 2022-06-30 13F SBA Communications CS 78410G104 0 -592 -100.00 0 -100.00
2022-05-10 2022-03-31 13F SBA Communications CS 78410G104 592 -103 -14.82 204 -24.44 0.0034
2022-02-11 2021-12-31 13F SBA Communications CS 78410G104 695 54 8.42 270 27.36 0.0043
2021-11-12 2021-09-30 13F SBA Communications CS 78410G104 641 10 1.58 212 5.47 0.0041
2021-07-19 2021-06-30 13F SBA Communications CS 78410G104 631 631 201 0.0040
2020-10-26 2020-09-30 13F SBA Communications CS 78410G104 0 -896 -100.00 0 -100.00
2020-07-27 2020-06-30 13F SBA Communications CS 78410G104 896 -111 -11.02 267 -1.84 0.0084
2020-04-16 2020-03-31 13F SBA Communications CS 78410G104 1,007 -45 -4.28 272 7.09 0.0111
2020-02-03 2019-12-31 13F SBA Communications CS 78410G104 1,052 0 0.00 254 0.00 0.0082
2019-10-29 2019-09-30 13F SBA Communications CS 78410G104 1,052 -9 -0.85 254 6.28 0.0113
2019-08-15 2019-06-30 13F SBA Communications CS 78410G104 1,061 0 0.00 239 12.74 0.0108
2019-04-29 2019-03-31 13F SBA Communications CS 78410G104 1,061 1,061 0.00 212 -11.30 0.0109
2018-04-17 2018-03-31 13F SBA Communications CS 78410G104 0 -1,251 -100.00 0 -100.00
2018-01-30 2017-12-31 13F SBA Communications CS 78410G104 1,251 1,251 204 0.0116
2017-08-07 2017-06-30 13F SBA Communications CS 78410G104 0 -2,153 -100.00 0 -100.00
2017-05-11 2017-03-31 13F SBA Communications CS 78410G104 2,153 -2,855 -57.01 259 -49.90 0.0174
2017-01-31 2016-12-31 13F SBA Communications CS 78410G104 5,008 629 14.36 517 5.30 0.0376
2016-10-18 2016-09-30 13F SBA Communications CS 78388J106 4,379 0 0.00 491 3.81 0.0370
2016-07-14 2016-06-30 13F SBA Communications CS 78388J106 4,379 921 26.63 473 36.71 0.0365
2016-04-08 2016-03-31 13F SBA Communications CS 78388J106 3,458 3,458 346 0.0265
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.