SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionRafferty Asset Management, LLC
Latest Disclosed Ownership10,484 shares
Latest Disclosed Value $ 1,804,401
Rafferty Asset Management, LLC reports 23.89% decrease in ownership of SBAC / SBA Communications Corporation

On May 15, 2026 - Rafferty Asset Management, LLC filed a 13F-HR form disclosing ownership of 10,484 shares of SBA Communications Corporation (MX:SBAC) valued at $1,804,401 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 13,775 shares of SBA Communications Corporation. This represents a change in shares of -23.89% 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 10,484 -3,291 -23.89 1,804 -32.28 0.0073
2026-02-13 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 13,775 -664 -4.60 2,664 -4.55 0.0092
2025-11-12 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 14,439 826 6.07 2,792 -12.67 0.0091
2025-08-14 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 13,613 1,890 16.12 3,197 23.92 0.0105
2025-05-14 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 11,723 -2,431 -17.18 2,579 -10.58 0.0110
2025-02-14 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 14,154 -1,124 -7.36 2,885 -21.57 0.0102
2024-11-13 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 15,278 448 3.02 3,677 26.31 0.0126
2024-08-13 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 14,830 1,907 14.76 2,911 3.96 0.0108
2024-05-13 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 12,923 -1,551 -10.72 2,800 -23.73 0.0104
2024-02-13 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 14,474 2,365 19.53 3,672 51.51 0.0155
2023-11-13 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 12,109 600 5.21 2,424 -9.15 0.0142
2023-08-11 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 11,509 160 1.41 2,667 -9.96 0.0150
2023-05-11 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 11,349 1,448 14.62 2,963 6.74 0.0201
2023-02-13 2022-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 9,901 3,345 51.02 2,775 48.71 0.0232
2022-11-14 2022-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,556 1,331 25.47 1,866 11.60 0.0199
2022-08-12 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,225 -983 -15.83 1,672 -21.72 0.0154
2022-05-13 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,208 37 0.60 2,136 -11.04 0.0127
2022-02-10 2021-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,171 -1,162 -15.85 2,401 -0.95 0.0126
2021-11-10 2021-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 7,333 -1,507 -17.05 2,424 -13.95 0.0166
2021-08-10 2021-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 8,840 2,990 51.11 2,817 73.46 0.0177
2021-05-10 2021-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,850 1,827 45.41 1,624 43.08 0.0111
2021-02-10 2020-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,023 182 4.74 1,135 -7.20 0.0111
2020-11-13 2020-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,841 -22,631 -85.49 1,223 -84.49 0.0148
2020-08-07 2020-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 26,472 21,716 456.60 7,887 514.25 0.1111
2020-05-15 2020-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,756 -16,839 -77.98 1,284 -75.33 0.0538
2020-02-10 2019-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 21,595 1,750 8.82 5,204 8.73 0.0801
2019-11-14 2019-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 19,845 457 2.36 4,786 9.80 0.0748
2019-08-09 2019-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 19,388 -3,265 -14.41 4,359 -3.63 0.0766
2019-05-15 2019-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 22,653 3,182 16.34 4,523 43.50 0.0728
2019-02-11 2018-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 19,471 -7,354 -27.41 3,152 -26.85 0.0688
2018-11-09 2018-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 26,825 -3,025 -10.13 4,309 -12.58 0.0668
2018-08-14 2018-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 29,850 143 0.48 4,929 -2.93 0.0736
2018-05-15 2018-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 29,707 3,481 13.27 5,078 18.53 0.0752
2018-02-14 2017-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 26,226 6,164 30.72 4,284 48.24 0.0740
2017-11-13 2017-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 20,062 2,251 12.64 2,890 20.27 0.0648
2017-08-11 2017-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 17,811 -4,769 -21.12 2,403 -11.59 0.0690
2017-05-11 2017-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 22,580 12,687 128.24 2,718 165.95 0.0599
2017-02-13 2016-12-31 13F SBA COMMUNICATIONS COM 78388J106 9,893 3,119 46.04 1,022 34.47 0.0468
2016-11-14 2016-09-30 13F SBA COMMUNICATIONS COM 78388J106 6,774 878 14.89 760 19.50 0.0278
2016-08-09 2016-06-30 13F SBA COMMUNICATIONS COM 78388J106 5,896 -1,957 -24.92 636 -19.19 0.0430
2016-05-12 2016-03-31 13F SBA COMMUNICATIONS COM 78388J106 7,853 -704 -8.23 787 -12.46 0.0428
2016-02-12 2015-12-31 13F SBA COMMUNICATIONS COM 78388J106 8,557 1,015 13.46 899 13.80 0.1082
2015-11-12 2015-09-30 13F SBA COMMUNICATIONS COM 78388J106 7,542 220 3.00 790 -6.18 0.0624
2015-08-12 2015-06-30 13F SBA COMMUNICATIONS COM 78388J106 7,322 509 7.47 842 5.51 0.0565
2015-05-14 2015-03-31 13F SBA COMMUNICATIONS COM 78388J106 6,813 2,583 61.06 798 70.15 0.0601
2015-02-13 2014-12-31 13F SBA COMMUNICATIONS COM 78388J106 4,230 1,882 80.15 469 80.38 0.1064
2014-11-14 2014-09-30 13F SBA COMMUNICATIONS COM 78388J106 2,348 -992 -29.70 260 -14.47 0.0280
2014-05-14 2014-03-31 13F SBA COMMUNICATIONS COM 78388J106 3,340 600 21.90 304 23.58 0.0629
2014-02-06 2013-12-31 13F SBA COMMUNICATIONS COM 78388J106 2,740 2,740 246 0.0588
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.