SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionReaves W H & Co Inc
Latest Disclosed Ownership322,464 shares
Latest Disclosed Value $ 55,499,279
Reaves W H & Co Inc reports 11.04% decrease in ownership of SBAC / SBA Communications Corporation

On May 7, 2026 - Reaves W H & Co Inc filed a 13F-HR form disclosing ownership of 322,464 shares of SBA Communications Corporation (MX:SBAC) valued at $55,499,279 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 362,464 shares of SBA Communications Corporation. This represents a change in shares of -11.04% 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 COR CL A COM 78410G104 322,464 -40,000 -11.04 55,499 -20.84 0.9210
2026-02-10 2025-12-31 13F SBA COMMUNICATIONS COR CL A COM 78410G104 362,464 -44,380 -10.91 70,111 -10.87 1.2264
2025-11-06 2025-09-30 13F SBA COMMUNICATIONS COR CL A COM 78410G104 406,844 -25,804 -5.96 78,663 -22.58 1.4011
2025-08-11 2025-06-30 13F SBA COMMUNICATIONS COR CL A COM 78410G104 432,648 25,496 6.26 101,603 13.43 2.2524
2025-05-09 2025-03-31 13F SBA COMMUNICATIONS COR CL A COM 78410G104 407,152 -25,465 -5.89 89,578 101,692.05 2.2796
2025-02-06 2024-12-31 13F SBA COMMUNICATIONS COR CL A COM 78410G104 432,617 43,371 11.14 88 -5.38 2.3241
2024-11-05 2024-09-30 13F SBA COMMUNICATIONS COR CL A COM 78410G104 389,246 41,131 11.82 94 36.76 2.5633
2024-08-08 2024-06-30 13F SBA COMMUNICATIONS COR CL A COM 78410G104 348,115 -22,895 -6.17 68 -15.00 2.3079
2024-05-07 2024-03-31 13F SBA COMMUNICATIONS COR CL A COM 78410G104 371,010 62,478 20.25 80 2.56 2.8506
2024-02-07 2023-12-31 13F SBA COMMUNICATIONS COR CL A COM 78410G104 308,532 57,753 23.03 78 56.00 2.8439
2023-11-07 2023-09-30 13F SBA COMMUNICATIONS COR CL A COM 78410G104 250,779 -2,668 -1.05 50 -13.79 1.9870
2023-08-07 2023-06-30 13F SBA COMMUNICATIONS COR CL A COM 78410G104 253,447 -3,657 -1.42 59 -13.43 2.1641
2023-05-09 2023-03-31 13F SBA COMMUNICATIONS COR CL A COM 78410G104 257,104 -1,410 -0.55 67 -6.94 2.4150
2023-02-09 2022-12-31 13F SBA COMMUNICATIONS COR CL A COM 78410G104 258,514 -1,866 -0.72 72 -99.90 2.5870
2022-11-08 2022-09-30 13F SBA COMMUNICATIONS COR CL A COM 78410G104 260,380 -2,550 -0.97 74,117 -11.92 2.7892
2022-08-05 2022-06-30 13F SBA COMMUNICATIONS COR CL A COM 78410G104 262,930 -2,403 -0.91 84,151 -7.83 2.8903
2022-05-05 2022-03-31 13F SBA COMMUNICATIONS COR CL A COM 78410G104 265,333 5,087 1.95 91,301 -9.82 2.9092
2022-02-09 2021-12-31 13F SBA COMMUNICATIONS COR CL A COM 78410G104 260,246 -40,804 -13.55 101,241 1.73 3.0930
2021-11-08 2021-09-30 13F SBA COMMUNICATIONS COR CL A COM 78410G104 301,050 -14,036 -4.45 99,518 -0.90 3.1757
2021-08-05 2021-06-30 13F SBA COMMUNICATIONS COR CL A COM 78410G104 315,086 37,551 13.53 100,418 30.36 3.2664
2021-05-06 2021-03-31 13F SBA COMMUNICATIONS COR CL A COM 78410G104 277,535 20,663 8.04 77,030 6.29 2.6790
2021-02-08 2020-12-31 13F SBA COMMUNICATIONS COR CL A COM 78410G104 256,872 63,452 32.81 72,471 17.65 2.5821
2020-11-04 2020-09-30 13F SBA COMMUNICATIONS COR CL A COM 78410G104 193,420 62,787 48.06 61,600 58.28 2.4053
2020-08-06 2020-06-30 13F SBA COMMUNICATIONS COR CL A COM 78410G104 130,633 16,260 14.22 38,918 26.04 1.6127
2020-05-07 2020-03-31 13F SBA COMMUNICATIONS COR CL A COM 78410G104 114,373 -41 -0.04 30,877 11.98 1.4281
2020-02-06 2019-12-31 13F SBA COMMUNICATIONS COR CL A COM 78410G104 114,414 29,161 34.21 27,573 34.12 0.8637
2019-11-07 2019-09-30 13F SBA COMMUNICATIONS COR CL A COM 78410G104 85,253 -835 -0.97 20,559 6.22 0.6317
2019-08-08 2019-06-30 13F SBA COMMUNICATIONS COR CL A COM 78410G104 86,088 20,003 30.27 19,356 46.70 0.6181
2019-05-08 2019-03-31 13F SBA COMMUNICATIONS COR CL A COM 78410G104 66,085 113 0.17 13,194 23.54 0.4354
2019-02-07 2018-12-31 13F SBA COMMUNICATIONS COR CL A COM 78410G104 65,972 -1,874 -2.76 10,680 -2.00 0.3910
2018-11-08 2018-09-30 13F SBA COMMUNICATIONS COR CL A COM 78410G104 67,846 1,689 2.55 10,898 -0.24 0.3563
2018-08-08 2018-06-30 13F SBA COMMUNICATIONS COR CL A COM 78410G104 66,157 -3,075 -4.44 10,924 -7.68 0.3706
2018-05-08 2018-03-31 13F SBA COMMUNICATIONS COR CL A COM 78410G104 69,232 -86,990 -55.68 11,833 -53.63 0.4186
2018-02-08 2017-12-31 13F SBA COMMUNICATIONS COR CL A COM 78410G104 156,222 26,361 20.30 25,520 36.43 0.8061
2017-11-08 2017-09-30 13F SBA COMMUNICATIONS COR CL A COM 78410G104 129,861 5,812 4.69 18,706 11.78 0.6775
2017-08-08 2017-06-30 13F SBA COMMUNICATIONS COR CL A COM 78410G104 124,049 124,049 16,734 0.6186
2016-05-11 2016-03-31 13F SBA COMMUNICATIONS COM 78388J106 0 -15,000 -100.00 0 -100.00
2016-02-09 2015-12-31 13F/A-1 SBA COMMUNICATIONS COM 78388J106 15,000 0 0.00 1,576 0.32 0.0632
2016-02-09 2015-12-31 13F SBA COMMUNICATIONS COM 78388J106 15,000 0 1,571
2015-11-10 2015-09-30 13F SBA COMMUNICATIONS COM 78388J106 15,000 2,000 15.38 1,571 5.08 0.0612
2015-08-10 2015-06-30 13F/A-1 SBA COMMUNICATIONS COM 78388J106 13,000 0 0.00 1,495 -1.77 0.0535
2015-08-10 2015-06-30 13F SBA COMMUNICATIONS COM 78388J106 13,000 0 1,495
2015-05-11 2015-03-31 13F SBA COMMUNICATIONS COM 78388J106 13,000 0 0.00 1,522 5.69 0.0524
2015-02-09 2014-12-31 13F SBA COMMUNICATIONS COM 78388J106 13,000 0 0.00 1,440 -0.14 0.0500
2014-11-06 2014-09-30 13F SBA COMMUNICATIONS COM 78388J106 13,000 13,000 1,442 0.0520
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.