Sumitomo Mitsui Trust Holdings, Inc. reports 6.06% decrease in ownership of SBAC / SBA Communications Corporation

SBA Communications Corporation

MX ˙ BMV ˙ US78410G1040

Security	MX:SBAC / SBA Communications Corporation
Institution	Sumitomo Mitsui Trust Holdings, Inc.
Latest Disclosed Ownership	202,150 shares
Latest Disclosed Value	$ 34,792,037

On April 30, 2026 - Sumitomo Mitsui Trust Holdings, Inc. filed a 13F-HR form disclosing ownership of 202,150 shares of SBA Communications Corporation (MX:SBAC) valued at $34,792,037 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 23, 2026 disclosing 215,187 shares of SBA Communications Corporation. This represents a change in shares of -6.06% 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	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2026-04-30	2026-03-31	13F	SBA COMMUNICATIONS	COM	78410G104	202,150	-13,037	-6.06	34,792	-16.41	0.0225
2026-01-23	2025-12-31	13F	SBA COMMUNICATIONS	COM	78410G104	215,187	-10,006	-4.44	41,624	-4.41	0.0244
2025-10-27	2025-09-30	13F	SBA COMMUNICATIONS	COM	78410G104	225,193	646	0.29	43,541	-17.43	0.0251
2025-07-31	2025-06-30	13F	SBA COMMUNICATIONS	COM	78410G104	224,547	810	0.36	52,733	7.13	0.0329
2025-04-25	2025-03-31	13F	SBA COMMUNICATIONS	COM	78410G104	223,737	-2,207	-0.98	49,224	6.90	0.0348
2025-01-28	2024-12-31	13F	SBA COMMUNICATIONS	COM	78410G104	225,944	1,708	0.76	46,047	-14.69	0.0311
2024-11-05	2024-09-30	13F	SBA COMMUNICATIONS	COM	78410G104	224,236	3,207	1.45	53,974	24.40	0.0374
2024-07-19	2024-06-30	13F	SBA COMMUNICATIONS	COM	78410G104	221,029	-8,648	-3.77	43,388	-12.83	0.0320
2024-04-19	2024-03-31	13F	SBA COMMUNICATIONS	COM	78410G104	229,677	3,758	1.66	49,771	-13.16	0.0342
2024-01-30	2023-12-31	13F	SBA COMMUNICATIONS	COM	78410G104	225,919	-4,148	-1.80	57,313	24.45	0.0424
2023-10-30	2023-09-30	13F	SBA COMMUNICATIONS	COM	78410G104	230,067	-3,675	-1.57	46,053	-14.99	0.0378
2023-07-31	2023-06-30	13F	SBA COMMUNICATIONS	COM	78410G104	233,742	-41,261	-15.00	54,172	-24.55	0.0422
2023-04-27	2023-03-31	13F	SBA COMMUNICATIONS	COM	78410G104	275,003	-23,952	-8.01	71,795	-14.33	0.0535
2023-01-30	2022-12-31	13F	SBA COMMUNICATIONS	COM	78410G104	298,955	-15,483	-4.92	83,800	-6.37	0.0663
2022-10-21	2022-09-30	13F	SBA COMMUNICATIONS	COM	78410G104	314,438	-42,364	-11.87	89,505	-21.62	0.0735
2022-07-26	2022-06-30	13F	SBA COMMUNICATIONS	COM	78410G104	356,802	-7,050	-1.94	114,194	-8.79	0.0878
2022-04-27	2022-03-31	13F	SBA COMMUNICATIONS	COM	78410G104	363,852	-14,890	-3.93	125,201	-15.02	0.0834
2022-02-02	2021-12-31	13F	SBA COMMUNICATIONS	COM	78410G104	378,742	28,674	8.19	147,338	27.32	0.0896
2021-10-25	2021-09-30	13F	SBA COMMUNICATIONS	COM	78410G104	350,068	-196,000	-35.89	115,722	-33.51	0.0721
2021-08-02	2021-06-30	13F	SBA COMMUNICATIONS	COM	78410G104	546,068	-68,542	-11.15	174,032	2.02	0.1029
2021-04-30	2021-03-31	13F	SBA COMMUNICATIONS	COM	78410G104	614,610	44,040	7.72	170,585	5.97	0.1066
2021-02-05	2020-12-31	13F	SBA COMMUNICATIONS	COM	78410G104	570,570	10,807	1.93	160,975	-9.70	0.1040
2020-10-30	2020-09-30	13F	SBA COMMUNICATIONS	COM	78410G104	559,763	-159,957	-22.22	178,273	-16.86	0.1201
2020-07-27	2020-06-30	13F	SBA COMMUNICATIONS	COM	78410G104	719,720	57,347	8.66	214,419	19.91	0.1514
2020-04-27	2020-03-31	13F	SBA COMMUNICATIONS	COM	78410G104	662,373	262,886	65.81	178,821	85.75	0.1538
2020-01-31	2019-12-31	13F	SBA COMMUNICATIONS	COM	78410G104	399,487	-573	-0.14	96,272	-0.21	0.0757
2019-10-31	2019-09-30	13F	SBA COMMUNICATIONS	COM	78410G104	400,060	500	0.13	96,474	7.39	0.0838
2019-07-29	2019-06-30	13F	SBA COMMUNICATIONS	COM	78410G104	399,560	-4,877	-1.21	89,837	11.25	0.0802
2019-05-08	2019-03-31	13F	SBA COMMUNICATIONS	COM	78410G104	404,437	21,928	5.73	80,750	29.92	0.0747
2019-02-06	2018-12-31	13F	SBA COMMUNICATIONS	COM	78410G104	382,509	37,513	10.87	62,154	12.16	0.0668
2018-11-07	2018-09-30	13F	SBA COMMUNICATIONS	COM	78410G104	344,996	1,689	0.49	55,417	-2.24	0.0596
2018-08-01	2018-06-30	13F	SBA COMMUNICATIONS	COM	78410G104	343,307	12,899	3.90	56,687	0.38	0.0661
2018-05-01	2018-03-31	13F	SBA COMMUNICATIONS	COM	78410G104	330,408	-660	-0.20	56,473	4.42	0.0726
2018-02-06	2017-12-31	13F	SBA COMMUNICATIONS	COM	78410G104	331,068	16,597	5.28	54,083	19.39	0.0698
2017-11-07	2017-09-30	13F	SBA COMMUNICATIONS	COM	78410G104	314,471	-3,655	-1.15	45,300	5.56	0.0639
2017-08-07	2017-06-30	13F	SBA COMMUNICATIONS	COM	78410G104	318,126	1,565	0.49	42,915	12.63	0.0630
2017-05-02	2017-03-31	13F	SBA COMMUNICATIONS	COM	78410G104	316,561	316,561		38,104		0.0589
2017-01-27	2016-12-31	13F	SBA COMMUNICATIONS CORP-CL A	COM	78388J106	0	-374,865	-100.00	0	-100.00
2016-10-28	2016-09-30	13F	SBA COMMUNICATIONS CORP-CL A	COM	78388J106	374,865	-457	-0.12	42,045	3.78	0.0690
2016-07-29	2016-06-30	13F	SBA COMMUNICATIONS CORP-CL A	COM	78388J106	375,322	-12,232	-3.16	40,512	4.36	0.0698
2016-05-06	2016-03-31	13F	SBA COMMUNICATIONS CORP-CL A	COM	78388J106	387,554	15,256	4.10	38,821	-0.79	0.0679
2016-02-09	2015-12-31	13F	SBA COMMUNICATIONS CORP-CL A	COM	78388J106	372,298	-4,630	-1.23	39,129	-0.89	0.0700
2015-11-06	2015-09-30	13F	SBA COMMUNICATIONS CORP-CL A	COM	78388J106	376,928	14,970	4.14	39,479	-5.13	0.0764
2015-07-31	2015-06-30	13F	SBA Communications	COM	78388J106	361,958	-14,127	-3.76	41,614	-5.51	0.0748
2015-05-08	2015-03-31	13F	SBA Communications	COM	78388J106	376,085	376,085	0.00	44,040		0.0795
2015-02-04	2014-12-31	13F	SBA Communications	COM	78388J106	0	-321,862	-100.00	0	-100.00
2014-11-07	2014-09-30	13F	SBA Communications	COM	78388J106	321,862	-2,173	-0.67	35,694	7.68	0.0715
2014-08-11	2014-06-30	13F	SBA Communications	COM	78388J106	324,035	-64,445	-16.59	33,149	-6.19	0.0681
2014-05-09	2014-03-31	13F	SBA Communications	COM	78388J106	388,480	69,049	21.62	35,336	23.82	0.0744
2014-02-14	2013-12-31	13F	SBA Communications	COM	78388J106	319,431	-15,543	-4.64	28,538	5.88	0.0592
2013-11-07	2013-09-30	13F	SBA Communications	COM	78388J106	334,974	-1,472	-0.44	26,952	8.08	0.0583
2013-08-12	2013-06-30	13F	SBA Communications	COM	78388J106	336,446	336,446		24,937		0.0566

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.