SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionRobeco Institutional Asset Management B.V.
Latest Disclosed Ownership86,612 shares
Latest Disclosed Value $ 14,906,793
Robeco Institutional Asset Management B.V. reports 166.79% increase in ownership of SBAC / SBA Communications Corporation

On April 21, 2026 - Robeco Institutional Asset Management B.V. filed a 13F-HR form disclosing ownership of 86,612 shares of SBA Communications Corporation (MX:SBAC) valued at $14,906,793 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 23, 2026 disclosing 32,465 shares of SBA Communications Corporation. This represents a change in shares of 166.79% 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)
2026-04-21 2026-03-31 13F SBA COMMUNICATIONS CL A 78410G104 86,612 54,147 166.79 14,907 137.39 0.0212
2026-01-23 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 32,465 1,931 6.32 6,280 6.37 0.0089
2025-10-22 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 30,534 -4,815 -13.62 5,904 -28.89 0.0086
2025-07-18 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 35,349 -6,930 -16.39 8,301 -10.75 0.0134
2025-04-23 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 42,279 -23,630 -35.85 9,302 -30.75 0.0181
2025-01-23 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 65,909 32,885 99.58 13,432 69.00 0.0255
2024-10-29 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 33,024 -62,400 -65.39 7,949 -57.57 0.0158
2024-07-23 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 95,424 -31,783 -24.99 18,732 -32.05 0.0403
2024-04-24 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 127,207 34,263 36.86 27,566 16.91 0.0599
2024-02-14 2023-12-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 92,944 51,412 123.79 23,579 183.63 0.0572
2024-02-08 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 48,933 7,401 93 0.0174
2023-10-24 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 41,532 -957 -2.25 8,313 -15.58 0.0222
2023-07-24 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 42,489 -15,340 -26.53 9,847 -34.78 0.0258
2023-05-04 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 57,829 2,240 4.03 15,097 -3.11 0.0412
2023-02-07 2022-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 55,589 8,997 19.31 15,582 17.49 0.0449
2022-12-01 2022-09-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 46,592 7,485 19.14 13,262 5.95 0.0429
2022-10-27 2022-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 46,592 7,485 13,262 0.0423
2022-12-01 2022-06-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 39,107 9,972 34.23 12,517 24.85 0.0389
2022-07-27 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 39,107 9,972 12,517 0.0383
2022-12-01 2022-03-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 29,135 -2,455 -7.77 10,026 -18.42 0.0236
2022-04-26 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 29,135 -2,455 10,026 0.0233
2022-12-01 2021-12-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 31,590 -6,109 -16.20 12,290 -1.40 0.0262
2022-01-31 2021-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 31,590 -6,109 12,290 0.0258
2022-12-01 2021-09-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 37,699 -3,609 -8.74 12,464 -5.33 0.0276
2021-10-20 2021-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 37,699 -3,609 12,464 0.0273
2022-12-01 2021-06-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 41,308 9,876 31.42 13,166 50.88 0.0292
2021-07-28 2021-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 41,308 9,876 13,166 0.0288
2022-12-01 2021-03-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 31,432 -20,616 -39.61 8,726 -40.59 0.0215
2021-04-23 2021-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 31,432 -20,616 8,726 0.0212
2022-12-01 2020-12-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 52,048 2,254 4.53 14,688 -7.37 0.0386
2021-01-28 2020-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 52,048 2,254 14,688 0.0381
2021-01-19 2020-09-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 49,794 11,027 28.44 15,857 37.31 0.0490
2020-10-29 2020-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 49,794 11,027 15,857 48,971.5768
2021-01-19 2020-06-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 38,767 26,136 206.92 11,548 238.65 0.0392
2020-07-20 2020-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 38,767 26,136 11,548 39,184.4238
2021-01-19 2020-03-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 12,631 -19,455 -60.63 3,410 -55.90 0.0137
2020-04-30 2020-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 12,631 -19,455 3,410 13,668.0490
2021-01-19 2019-12-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 32,086 -17,643 -35.48 7,733 -35.52 0.0248
2020-02-06 2019-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 32,086 -17,643 7,733 24,733.4058
2021-01-19 2019-09-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 49,729 10,516 26.82 11,992 36.01 0.0423
2019-10-17 2019-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 49,729 10,516 11,992 42,276.7317
2021-01-19 2019-06-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 39,213 96 0.25 8,817 12.88 0.0311
2019-07-19 2019-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 39,213 96 8,817 31,091.0483
2021-01-19 2019-03-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 39,117 800 2.09 7,811 25.90 0.0287
2019-05-02 2019-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 39,117 800 7,811 28,679.2134
2021-01-19 2018-12-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 38,317 -32 -0.08 6,204 0.71 0.0279
2019-02-08 2018-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 38,317 -32 6,204 27,809.1226
2021-01-19 2018-09-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 38,349 -5,095 -11.73 6,160 -14.13 0.0244
2018-10-25 2018-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 38,349 -5,095 6,160
2021-01-19 2018-06-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 43,444 -7,896 -15.38 7,174 -18.25 0.0327
2018-08-03 2018-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 43,444 -7,896 7,174
2021-01-19 2018-03-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 51,340 4,406 9.39 8,776 14.45 0.0412
2018-05-07 2018-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 51,340 4,406 8,776 41,041.2467
2021-01-19 2017-12-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 46,934 37,677 407.01 7,668 475.24 0.0397
2018-01-25 2017-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 46,934 37,677 7,668
2021-01-19 2017-09-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 9,257 2,701 41.20 1,333 50.62 0.0083
2017-10-17 2017-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 9,257 2,701 1,333 8,258.4026
2021-01-19 2017-06-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 6,556 3,712 130.52 885 158.77 0.0057
2017-08-07 2017-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,556 3,712 885 5,762.0627
2021-01-19 2017-03-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 2,844 2,844 342 0.0023
2017-05-15 2017-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,844 2,844 342 2,271.5433
2017-02-09 2016-12-31 13F SBA COMMUNICATIONS COM 78388J106 0 -5,899 -100.00 0 -100.00
2016-11-07 2016-09-30 13F SBA COMMUNICATIONS COM 78388J106 5,899 0 0.00 662 3.92 0.0049
2016-07-22 2016-06-30 13F SBA COMMUNICATIONS COM 78388J106 5,899 0 0.00 637 7.78 0.0048
2016-05-16 2016-03-31 13F SBA COMMUNICATIONS COM 78388J106 5,899 1,867 46.30 591 39.39 0.0047
2016-02-08 2015-12-31 13F SBA COMMUNICATIONS COM 78388J106 4,032 0 0.00 424 0.47 0.0036
2015-11-12 2015-09-30 13F SBA COMMUNICATIONS COM 78388J106 4,032 0 0.00 422 -9.05 0.0032
2015-08-17 2015-06-30 13F SBA COMMUNICATIONS COM 78388J106 4,032 4,032 0.00 464 0.0035
2015-04-24 2015-03-31 13F SBA COMMUNICATIONS COM 78388J106 0 -3,630 -100.00 0 -100.00
2015-02-12 2014-12-31 13F SBA COMMUNICATIONS COM 78388J106 3,630 2,013 124.49 402 124.58 0.0029
2014-11-10 2014-09-30 13F SBA COMMUNICATIONS COM 78388J106 1,617 0 0.00 179 8.48 0.0013
2014-08-13 2014-06-30 13F SBA COMMUNICATIONS COM 78388J106 1,617 847 110.00 165 135.71 0.0012
2014-05-07 2014-03-31 13F SBA COMMUNICATIONS COM 78388J106 770 0 0.00 70 1.45 0.0005
2014-02-04 2013-12-31 13F SBA COMMUNICATIONS COM 78388J106 770 0 0.00 69 11.29 0.0006
2013-11-12 2013-09-30 13F SBA COMMUNICATIONS COM 78388J106 770 0 0.00 62 8.77 0.0006
2013-08-27 2013-06-30 13F SBA Communications COM 78388J106 770 770 57 0.0006
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.