SBA Communications Corporation
US ˙ NasdaqGS ˙ US78410G1040

SecuritySBAC / SBA Communications Corporation
InstitutionMercer Global Advisors Inc /adv
Latest Disclosed Ownership16,630 shares
Latest Disclosed Value $ 2,862,111
Mercer Global Advisors Inc /adv reports 0.11% increase in ownership of SBAC / SBA Communications Corporation

On May 15, 2026 - Mercer Global Advisors Inc /adv filed a 13F-HR form disclosing ownership of 16,630 shares of SBA Communications Corporation (US:SBAC) valued at $2,862,189 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 16,612 shares of SBA Communications Corporation. This represents a change in shares of 0.11% during the quarter. The current value of the position is $3,459,373 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)
2026-05-15 2026-03-31 13F SBA COMMUNICATIONS CL A 78410G104 16,630 18 0.11 2,862 -10.92 0.0042
2026-02-17 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 16,612 5,183 45.35 3,213 45.45 0.0049
2025-11-14 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 11,429 -974 -7.85 2,210 -24.14 0.0037
2025-08-14 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 12,403 2,422 24.27 2,913 32.67 0.0059
2025-05-15 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 9,981 4,059 68.54 2,196 82.01 0.0050
2025-02-14 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,922 2,795 89.38 1,207 59.10 0.0029
2024-11-14 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,127 453 16.94 759 47.76 0.0018
2024-08-12 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,674 -57 -2.09 513 0.0014
2024-05-15 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 2,731 -1,213 -30.76 1 -100.00 0.0017
2024-02-15 2023-12-31 13F SBAMUNICATIONS COM 78410G104 3,944 36 0.92 1 0.0030
2023-11-15 2023-09-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 3,908 -1,943 -33.21 1 -100.00 0.0030
2023-11-14 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 3,908 -1,943 1 0.0030
2023-08-14 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,851 1,048 21.82 1 0.00 0.0054
2023-05-16 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 4,803 1,160 31.84 1 0.00 0.0057
2023-02-09 2022-12-31 13F SBAMUNICATIONS COM 78410G104 3,643 655 21.92 1 -99.88 0.0051
2022-11-15 2022-09-30 13F SBAMUNICATIONS COM 78410G104 2,988 -74 -2.42 851 -13.16 0.0051
2022-08-10 2022-06-30 13F SBAMUNICATIONS COM 78410G104 3,062 310 11.26 980 3.48 0.0060
2022-05-10 2022-03-31 13F SBAMUNICATIONS COM 78410G104 2,752 332 13.72 947 0.53 0.0056
2022-02-04 2021-12-31 13F SBAMUNICATIONS COM 78410G104 2,420 173 7.70 942 26.78 0.0058
2021-11-10 2021-09-30 13F SBAMUNICATIONS COM 78410G104 2,247 94 4.37 743 8.31 0.0052
2021-08-10 2021-06-30 13F SBAMUNICATIONS COM 78410G104 2,153 642 42.49 686 63.33 0.0053
2021-08-10 2021-03-31 13F/A-1 SBAMUNICATIONS COM 78410G104 1,511 344 29.48 420 27.66 0.0038
2021-05-11 2021-03-31 13F SBAMUNICATIONS COM 78410G104 1,411 244 392 0.0038
2021-02-12 2020-12-31 13F SBAMUNICATIONS COM 78410G104 1,167 -1,560 -57.21 329 -62.10 0.0041
2020-12-10 2020-09-30 13F SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 2,727 1,496 121.53 868 136.51 0.0131
2020-08-10 2020-06-30 13F SBAMUNICATIONS CORP NEW CL A COM 78410G104 1,231 91 7.98 367 19.16 0.0067
2020-05-18 2020-03-31 13F SBAMUNICATIONS CORP NEW CL A COM 78410G104 1,140 -434 -27.57 308 -18.73 0.0068
2020-02-13 2019-12-31 13F SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 1,574 57 3.76 379 3.84 0.0076
2019-11-12 2019-09-30 13F SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 1,517 -93 -5.78 365 0.83 0.0086
2019-08-14 2019-06-30 13F SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 1,610 493 44.14 362 62.33 0.0096
2019-04-23 2019-03-31 13F/A-1 SBA COMMUNICATIONS CORP NEW CL A COM 78410G104 1,117 1,117 223 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.