SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionPrincipal Financial Group Inc
Latest Disclosed Ownership140,072 shares
Latest Disclosed Value $ 24,107,850
Principal Financial Group Inc reports 12.21% decrease in ownership of SBAC / SBA Communications Corporation

On May 4, 2026 - Principal Financial Group Inc filed a 13F-HR form disclosing ownership of 140,072 shares of SBA Communications Corporation (MX:SBAC) valued at $24,107,850 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 2, 2026 disclosing 159,555 shares of SBA Communications Corporation. This represents a change in shares of -12.21% 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)
2026-05-04 2026-03-31 13F SBA COMMUNICATIONS CL A 78410G104 140,072 -19,483 -12.21 24,108 -21.89 0.0129
2026-02-02 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 159,555 -1,353,613 -89.46 30,863 -89.45 0.0158
2025-11-04 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,513,168 707 0.05 292,572 -17.63 0.1476
2025-08-08 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,512,461 -21,117 -1.38 355,188 5.27 0.1878
2025-04-28 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,533,578 -431,944 -21.98 337,403 -15.77 0.1893
2025-01-31 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 1,965,522 -2,181,639 -52.61 400,576 -59.87 0.2184
2024-10-31 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,147,161 -56,913 -1.35 998,220 20.96 0.5499
2024-07-29 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,204,074 -96,083 -2.23 825,255 -11.44 0.4901
2024-04-29 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,300,157 1,524,302 54.91 931,844 32.33 0.5477
2024-02-07 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,775,855 -25,951 -0.93 704,207 25.56 0.4490
2023-11-02 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,801,806 21,792 0.78 560,838 -12.95 0.4030
2023-08-07 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,780,014 38,564 1.41 644,296 -9.98 0.4403
2023-05-09 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,741,450 -45,116 -1.62 715,711 -8.37 0.5116
2023-02-09 2022-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,786,566 -138,610 -4.74 781,102 -6.19 0.5881
2022-11-09 2022-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,925,176 -858 -0.03 832,651 -11.09 0.6617
2022-08-10 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,926,034 50,990 1.77 936,478 -5.34 0.6929
2022-05-09 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,875,044 8,101 0.28 989,302 -10.79 0.3926
2022-05-09 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,885,595 992,933
2022-02-09 2021-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,866,943 12,803 0.45 1,108,957 17.54 0.6620
2021-11-09 2021-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,854,140 -77,863 -2.66 943,493 0.97 0.6153
2021-08-10 2021-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,932,003 38,139 1.32 934,430 16.34 0.6038
2021-05-10 2021-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,893,864 397,687 15.93 803,193 14.05 0.5667
2021-02-23 2020-12-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 2,496,177 -47,096 -1.85 704,247 -13.05 0.5216
2021-02-08 2020-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,511,396 -31,877 708,540 278,750.5553
2020-11-06 2020-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,543,273 -72,459 -2.77 809,981 3.94 0.6816
2020-08-05 2020-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,615,732 -206,213 -7.31 779,279 2.29 0.6909
2020-05-12 2020-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,821,945 -138,043 -4.66 761,840 6.80 0.8432
2020-02-05 2019-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,959,988 -174,588 -5.57 713,327 -5.63 0.5944
2019-11-13 2019-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,134,576 -315,374 -9.14 755,902 -2.55 0.6665
2019-08-12 2019-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,449,950 -801,386 -18.85 775,687 -8.62 0.6975
2019-05-10 2019-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,251,336 -589,259 -12.17 848,823 8.32 0.7907
2019-02-14 2018-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,840,595 -470,234 -8.85 783,644 -8.14 0.8351
2018-11-14 2018-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,310,829 -69,160 -1.29 853,078 -3.97 0.7518
2018-08-13 2018-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,379,989 60,211 1.13 888,344 -2.30 0.8165
2018-05-14 2018-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,319,778 14,838 0.28 909,256 4.92 0.8739
2018-02-12 2017-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,304,940 -239,325 -4.32 866,615 8.51 0.7979
2017-11-02 2017-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,544,265 -50,404 -0.90 798,651 5.82 0.7745
2017-08-08 2017-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,594,669 -49,658 -0.88 754,721 11.09 0.7564
2017-05-11 2017-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,644,327 60,436 1.08 679,407 17.83 0.8176
2017-02-13 2016-12-31 13F SBA COMMUNICATIONS COM 78388J106 5,583,891 211,129 3.93 576,592 -4.32 0.7314
2016-11-10 2016-09-30 13F SBA COMMUNICATIONS COM 78388J106 5,372,762 185,792 3.58 602,609 7.63 0.7959
2016-08-09 2016-06-30 13F SBA COMMUNICATIONS COM 78388J106 5,186,970 624,846 13.70 559,881 22.52 0.7810
2016-05-10 2016-03-31 13F SBA COMMUNICATIONS COM 78388J106 4,562,124 540,797 13.45 456,988 8.16 0.6635
2016-02-09 2015-12-31 13F SBA COMMUNICATIONS COM 78388J106 4,021,327 986,698 32.51 422,521 32.93 0.6278
2015-11-12 2015-09-30 13F/A-1 SBA COMMUNICATIONS COM 78388J106 3,034,629 511,748 20.28 317,847 9.58 0.4994
2015-11-09 2015-09-30 13F SBA COMMUNICATIONS COM 78388J106 3,034,629 317,847
2015-08-10 2015-06-30 13F SBA COMMUNICATIONS COM 78388J106 2,522,881 865,444 52.22 290,056 49.45 0.4326
2015-05-14 2015-03-31 13F/A-1 SBA COMMUNICATIONS COM 78388J106 1,657,437 418,320 33.76 194,087 41.42 0.2892
2015-05-12 2015-03-31 13F SBA COMMUNICATIONS COM 78388J106 96,226 11,268
2015-02-12 2014-12-31 13F SBA COMMUNICATIONS COM 78388J106 1,239,117 27,457 2.27 137,244 2.14 0.2132
2014-11-13 2014-09-30 13F SBA COMMUNICATIONS COM 78388J106 1,211,660 32,068 2.72 134,374 11.35 0.2280
2014-08-12 2014-06-30 13F SBA COMMUNICATIONS COM 78388J106 1,179,592 158,509 15.52 120,673 29.93 0.2029
2014-05-13 2014-03-31 13F SBA COMMUNICATIONS COM 78388J106 1,021,083 229,420 28.98 92,877 30.59 0.1657
2014-02-12 2013-12-31 13F SBA COMMUNICATIONS COM 78388J106 791,663 5,590 0.71 71,123 12.45 0.1327
2013-11-05 2013-09-30 13F SBA COMMUNICATIONS COM 78388J106 786,073 18,122 2.36 63,247 11.12 0.1306
2013-08-12 2013-06-30 13F SBA COMMUNICATIONS COM 78388J106 767,951 767,951 56,920 0.1261
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.