SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionNorthwestern Mutual Wealth Management Co
Latest Disclosed Ownership749 shares
Latest Disclosed Value $ 128,860
Northwestern Mutual Wealth Management Co reports 7.93% increase in ownership of SBAC / SBA Communications Corporation

On May 7, 2026 - Northwestern Mutual Wealth Management Co filed a 13F-HR form disclosing ownership of 749 shares of SBA Communications Corporation (MX:SBAC) valued at $128,860 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on February 10, 2026 disclosing 694 shares of SBA Communications Corporation. This represents a change in shares of 7.93% 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)
2026-05-07 2026-03-31 13F SBA COMMUNICATIONS CL A 78410G104 749 55 7.93 129 -4.48 0.0001
2026-02-10 2025-12-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 694 -4 -0.57 134 0.00 0.0001
2026-02-05 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,063 365 74 0.0000
2025-11-14 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 698 -358 -33.90 135 -45.97 0.0001
2025-08-13 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,056 143 15.66 248 24.00 0.0002
2025-05-14 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 913 153 20.13 201 29.87 0.0002
2025-02-11 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 760 99 14.98 155 -3.14 0.0001
2024-11-12 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 661 -151 -18.60 159 0.00 0.0001
2024-08-16 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 812 -178 -17.98 159 -25.70 0.0002
2024-05-15 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 990 -390 -28.26 215 -38.86 0.0002
2024-02-13 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,380 -181 -11.60 350 12.18 0.0004
2023-11-14 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,561 21 1.36 312 -12.36 0.0004
2023-08-14 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,540 -69 -4.29 357 -15.24 0.0005
2023-05-15 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,609 70 4.55 420 -2.55 0.0006
2023-02-21 2022-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,539 -67 -4.17 431 -5.69 0.0007
2022-11-14 2022-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,606 -281 -14.89 457 -24.34 0.0008
2022-08-04 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,887 18 0.96 604 -6.07 0.0010
2022-05-09 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,869 -63 -3.26 643 -14.49 0.0010
2022-02-03 2021-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,932 181 10.34 752 29.88 0.0012
2021-11-15 2021-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,751 20 1.16 579 4.89 0.0011
2021-08-13 2021-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,731 13 0.76 552 15.97 0.0010
2021-05-14 2021-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,718 77 4.69 476 2.81 0.0010
2021-02-12 2020-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,641 350 27.11 463 12.65 0.0011
2020-11-13 2020-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,291 504 64.04 411 75.64 0.0011
2020-08-14 2020-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 787 -207 -20.82 234 -12.69 0.0007
2020-05-08 2020-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 994 153 18.19 268 32.02 0.0010
2020-02-13 2019-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 841 366 77.05 203 76.52 0.0007
2019-11-12 2019-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 475 98 25.99 115 35.29 0.0004
2019-08-12 2019-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 377 150 66.08 85 88.89 0.0003
2019-05-10 2019-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 227 -80 -26.06 45 -10.00 0.0002
2019-02-12 2018-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 307 47 18.08 50 19.05 0.0003
2018-11-01 2018-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 260 64 32.65 42 31.25 0.0002
2018-08-10 2018-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 196 5 2.62 32 -3.03 0.0002
2018-05-14 2018-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 191 48 33.57 33 43.48 0.0002
2018-01-31 2017-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 143 -134 -48.38 23 -42.50 0.0001
2017-11-07 2017-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 277 80 40.61 40 48.15 0.0003
2017-08-10 2017-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 197 29 17.26 27 35.00 0.0002
2017-05-09 2017-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 168 -90 -34.88 20 -23.08 0.0002
2017-02-15 2016-12-31 13F SBA COMMUNICATIONS COM 78388J106 258 20 8.40 26 -7.14 0.0003
2016-11-14 2016-09-30 13F SBA COMMUNICATIONS COM 78388J106 238 34 16.67 28 21.74 0.0004
2016-08-29 2016-06-30 13F SBA COMMUNICATIONS COM 78388J106 204 -88 -30.14 23 -20.69 0.0003
2016-05-16 2016-03-31 13F SBA COMMUNICATIONS COM 78388J106 292 -169 -36.66 29 -39.58 0.0005
2016-02-16 2015-12-31 13F SBA COMMUNICATIONS COM 78388J106 461 93 25.27 48 23.08 0.0010
2015-11-16 2015-09-30 13F SBA COMMUNICATIONS COM 78388J106 368 35 10.51 39 2.63 0.0009
2015-09-30 2015-06-30 13F/A-1 SBA COMMUNICATIONS COM 78388J106 333 -132 -28.39 38 -30.91 0.0010
2015-08-14 2015-06-30 13F SBA COMMUNICATIONS COM 78388J106 465 54
2015-05-15 2015-03-31 13F SBA COMMUNICATIONS COM 78388J106 465 -36 -7.19 55 0.00 0.0015
2015-02-13 2014-12-31 13F SBA COMMUNICATIONS COM 78388J106 501 -35 -6.53 55 -6.78 0.0017
2014-11-14 2014-09-30 13F SBA COMMUNICATIONS COM 78388J106 536 -321 -37.46 59 -32.95 0.0021
2014-08-05 2014-06-30 13F SBA COMMUNICATIONS COM 78388J106 857 0 0.00 88 12.82 0.0034
2014-05-15 2014-03-31 13F SBA COMMUNICATIONS COM 78388J106 857 0 0.00 78 1.30 0.0033
2014-02-14 2013-12-31 13F SBA COMMUNICATIONS COM 78388J106 857 0 0.00 77 11.59 0.0035
2013-11-14 2013-09-30 13F SBA COMMUNICATIONS COM 78388J106 857 25 3.00 69 13.11 0.0036
2013-08-21 2013-06-30 13F/A-1 SBA COMMUNICATIONS COM 78388J106 832 832 61 0.0036
2013-08-14 2013-06-30 13F SBA COMMUNICATIONS COM 78388J106 424,550 31,468 0.3460
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.