SBA Communications Corporation
MX ˙ BMV ˙ US78410G1040
SecurityMX:SBAC / SBA Communications Corporation
InstitutionUSS Investment Management Ltd
Latest Disclosed Ownership28,390 shares
Latest Disclosed Value $ 4,887,764
USS Investment Management Ltd reports 4.03% increase in ownership of SBAC / SBA Communications Corporation

On April 24, 2026 - USS Investment Management Ltd filed a 13F-HR form disclosing ownership of 28,390 shares of SBA Communications Corporation (MX:SBAC) valued at $4,887,764 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 27,289 shares of SBA Communications Corporation. This represents a change in shares of 4.03% 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)
2026-04-24 2026-03-31 13F SBA COMMUNICATIONS CL A 78410G104 28,390 1,101 4.03 4,888 -7.44 0.0191
2026-02-13 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 27,289 4,843 21.58 5,280 21.69 0.0245
2025-11-13 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 22,446 0 0.00 4,340 -17.65 0.0197
2025-08-14 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 22,446 -898 -3.85 5,270 2.57 0.0312
2025-05-15 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 23,344 0 0.00 5,138 7.97 0.0375
2025-02-14 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 23,344 -10,112 -30.22 4,758 -40.89 0.0332
2024-11-13 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 33,456 3,219 10.65 8,051 35.54 0.0587
2024-08-14 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 30,237 656 2.22 5,939 -7.30 0.0473
2024-05-15 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 29,581 2,978 11.19 6,407 -5.07 0.0524
2024-02-14 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 26,603 0 0.00 6,750 26.72 0.0601
2023-11-14 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 26,603 4,002 17.71 5,327 1.68 0.0577
2023-08-14 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 22,601 808 3.71 5,239 -7.90 0.0618
2023-05-15 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 21,793 1,510 7.44 5,688 0.00 0.0774
2023-02-13 2022-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 20,283 424 2.14 5,687 0.53 0.0796
2022-11-08 2022-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 19,859 -6,541 -24.78 5,657 -33.06 0.0827
2022-08-12 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 26,400 -1,711 -6.09 8,451 -12.70 0.0844
2022-07-18 2022-03-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 28,111 3,967 16.43 9,680 3.02 0.0793
2022-05-13 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 28,111 3,967 9,680 0.0810
2022-02-14 2021-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 24,144 0 0.00 9,396 17.69 0.0711
2021-11-15 2021-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 24,144 -213,281 -89.83 7,984 -89.45 0.0674
2021-08-10 2021-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 237,425 0 0.00 75,691 14.85 0.5985
2021-05-12 2021-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 237,425 0 0.00 65,904 -1.61 0.5687
2021-02-12 2020-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 237,425 0 0.00 66,982 -11.35 0.6080
2020-10-30 2020-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 237,425 0 0.00 75,555 6.87 0.7283
2020-08-11 2020-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 237,425 -73,912 -23.74 70,696 -15.93 0.7389
2020-05-11 2020-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 311,337 -119,353 -27.71 84,092 -19.02 1.1437
2020-02-06 2019-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 430,690 238,495 124.09 103,844 124.02 1.0124
2019-11-01 2019-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 192,195 -218,510 -53.20 46,355 -49.80 0.4793
2019-08-14 2019-06-30 13F/A-1 SBA COMMUNICATIONS CL A 78410G104 410,705 410,705 92,341 0.9506
2019-07-19 2019-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 410,705 92,341 0.9822
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.