SBA Communications Corporation
US ˙ NasdaqGS ˙ US78410G1040

SecuritySBAC / SBA Communications Corporation
InstitutionNbc Securities, Inc.
Latest Disclosed Ownership197 shares
Latest Disclosed Value $ 33,905
Nbc Securities, Inc. ownership in SBAC / SBA Communications Corporation

On April 14, 2026 - Nbc Securities, Inc. filed a 13F-HR form disclosing ownership of 197 shares of SBA Communications Corporation (US:SBAC) valued at $33,906 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 29, 2026 disclosing 197 shares of SBA Communications Corporation. This represents a change in shares of 0.00% during the quarter. The current value of the position is $40,980 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)
2026-04-14 2026-03-31 13F SBA COMMUNICATIONS CORP COMMON STK 78410G104 197 0 0.00 34 -13.16 0.0025
2026-01-29 2025-12-31 13F SBACOMMUNICATIONSCORPNEW COMMONSTK 78410G104 197 0 0.00 38 0.00 0.0029
2025-11-14 2025-09-30 13F SBA COMMUNICATIONS CORP COMMON STK 78410G104 197 -13,831 -98.60 38 1,166.67 0.0029
2025-07-08 2025-06-30 13F SBA COMMUNICATIONS CORP COMMON STK 78410G104 14,028 13,827 6,879.10 3 0.2688
2025-04-09 2025-03-31 13F SBA COMMUNICATIONS CP REIT 78410G104 201 189 1,575.00 0 -100.00 0.0038
2025-01-22 2024-12-31 13F SBA COMMUNICATIONS CP REIT 78410G104 12 -12,955 -99.91 3 -33.33 0.2378
2024-10-15 2024-09-30 13F SBA COMMUNICATIONS CP REIT 78410G104 12,967 -66 -0.51 3 50.00 0.2621
2024-07-10 2024-06-30 13F SBA COMMUNICATIONS CP REIT 78410G104 13,033 509 4.06 3 0.00 0.2327
2024-04-05 2024-03-31 13F SBA COMMUNICATIONS CP REIT 78410G104 12,524 -244 -1.91 3 -33.33 0.2546
2024-02-07 2023-12-31 13F SBA COMMUNICATIONS CP REIT 78410G104 12,768 -226 -1.74 3 50.00 0.3265
2023-11-03 2023-09-30 13F SBA COMMUNICATIONS CP REIT 78410G104 12,994 12,994 3 0.2857
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.