SBA Communications Corporation
US ˙ NasdaqGS ˙ US78410G1040

SecuritySBAC / SBA Communications Corporation
InstitutionTruist Financial Corp
Latest Disclosed Ownership2,249 shares
Latest Disclosed Value $ 387,046
Truist Financial Corp reports 7.41% decrease in ownership of SBAC / SBA Communications Corporation

On April 27, 2026 - Truist Financial Corp filed a 13F-HR form disclosing ownership of 2,249 shares of SBA Communications Corporation (US:SBAC) valued at $387,075 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 2, 2026 disclosing 2,429 shares of SBA Communications Corporation. This represents a change in shares of -7.41% during the quarter. The current value of the position is $442,108 USD.

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)
2026-04-27 2026-03-31 13F SBA COMMUNICATIONS CL A 78410G104 2,249 -180 -7.41 387 -17.48 0.0003
2026-02-02 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,429 -630 -20.59 470 -20.64 0.0003
2025-11-03 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,059 -405 -11.69 591 -27.31 0.0008
2025-07-18 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,464 -215 -5.84 814 0.49 0.0012
2025-04-29 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,679 134 3.78 809 12.05 0.0013
2025-01-31 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,545 -239 -6.32 722 -20.66 0.0011
2024-11-13 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,784 -10,609 -73.71 911 -67.79 0.0014
2024-08-21 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 14,393 -7,029 -32.81 2,825 -39.14 0.0043
2024-05-13 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 21,422 -13,216 -38.15 4,642 -47.17 0.0070
2024-02-02 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 34,638 -1,251 -3.49 8,787 22.33 0.0140
2023-11-14 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 35,889 4,284 13.55 7,184 -1.93 0.0120
2023-08-01 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 31,605 2,380 8.14 7,325 -4.00 0.0122
2023-05-05 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 29,225 5,178 21.53 7,630 13.19 0.0131
2023-02-17 2022-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 24,047 95 0.40 6,741 -1.14 0.0119
2022-10-26 2022-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 23,952 -904 -3.64 6,818 -14.29 0.0131
2022-07-22 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 24,856 -1,280 -4.90 7,955 -11.54 0.0146
2022-04-22 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 26,136 -988 -3.64 8,993 -14.77 0.0142
2022-02-14 2021-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 27,124 1,518 5.93 10,552 24.67 0.0161
2021-11-05 2021-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 25,606 -16 -0.06 8,464 3.65 0.0139
2021-08-16 2021-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 25,622 -4 -0.02 8,166 14.80 0.0134
2021-05-17 2021-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 25,626 4,726 22.61 7,113 20.62 0.0124
2021-11-19 2020-12-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 20,900 -332 -1.56 5,897 -12.79 0.0113
2021-02-18 2020-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 24,600 3,368 6,941 0.0129
2021-11-05 2020-09-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 21,232 1,555 7.90 6,762 15.33 0.0148
2020-11-13 2020-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 48,304 1,555 15,383 0.0332
2021-11-16 2020-06-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 19,677 -2,496 -11.26 5,863 -2.05 0.0132
2020-08-14 2020-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 46,749 24,576 13,928 0.0309
2021-11-05 2020-03-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 22,173 -3,420 -13.36 5,986 -2.93 0.0158
2020-05-15 2020-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 51,075 6,258 13,788 0.0360
2021-11-16 2019-12-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 25,593 25,593 6,167 0.0125
2020-02-14 2019-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 44,817 44,817 10,800 0.0218
2019-07-24 2019-06-30 13F SBA COMMON STOCK 78410G104 0 -1,160 -100.00 0 -100.00
2019-04-23 2019-03-31 13F SBA COMMON STOCK 78410G104 1,160 -568 -32.87 231 -17.50 0.0041
2019-01-22 2018-12-31 13F SBA COMMON STOCK 78410G104 1,728 -1,111 -39.13 280 -38.60 0.0057
2018-10-17 2018-09-30 13F SBA COMMON STOCK 78410G104 2,839 410 16.88 456 13.72 0.0082
2018-07-26 2018-06-30 13F SBA COMMON STOCK 78410G104 2,429 2,429 401 0.0076
2017-02-02 2016-12-31 13F SBA COMMON STOCK 78388J106 0 -2,332 -100.00 0 -100.00
2016-11-01 2016-09-30 13F SBA COMMON STOCK 78388J106 2,332 -363 -13.47 261 -10.31 0.0054
2016-08-01 2016-06-30 13F SBA COMMON STOCK 78388J106 2,695 -585 -17.84 291 -11.28 0.0061
2016-05-05 2016-03-31 13F SBA COMMON STOCK 78388J106 3,280 -535 -14.02 328 -18.20 0.0085
2016-01-28 2015-12-31 13F SBA COMMON STOCK 78388J106 3,815 726 23.50 401 23.77 0.0104
2015-11-04 2015-09-30 13F SBA COMMON STOCK 78388J106 3,089 837 37.17 324 25.10 0.0084
2015-07-29 2015-06-30 13F SBA COMMON STOCK 78388J106 2,252 2,252 -22.05 259 21.03 0.0070
2013-10-22 2013-09-30 13F SBA COMMUNICATIONS COM 78388J106 0 -2,889 -100.00 0 -100.00
2013-07-15 2013-06-30 13F SBA COMMUNICATIONS COM 78388J106 2,889 2,889 214 0.0080
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.