SBA Communications Corporation
US ˙ NasdaqGS ˙ US78410G1040

SecuritySBAC / SBA Communications Corporation
InstitutionSei Investments Co
Latest Disclosed Ownership627,519 shares
Latest Disclosed Value $ 121,380,360
Sei Investments Co reports 4.29% increase in ownership of SBAC / SBA Communications Corporation

On February 13, 2026 - Sei Investments Co filed a 13F-HR form disclosing ownership of 627,519 shares of SBA Communications Corporation (US:SBAC) valued at $121,381,000 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 601,724 shares of SBA Communications Corporation. This represents a change in shares of 4.29% during the quarter. The current value of the position is $123,357,685 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)
2026-02-13 2025-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 627,519 25,795 4.29 121,380 4.33 0.1198
2025-11-13 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 601,724 -35,716 -5.60 116,343 -22.28 0.1251
2025-08-14 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 637,440 167,141 35.54 149,693 44.67 0.1735
2025-05-14 2025-03-31 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 470,299 -35,730 -7.06 103,470 0.33 0.1332
2025-05-13 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 511,068 5,039 104,346 0.1135
2025-02-11 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 506,029 101,799 25.18 103,129 5.99 0.1324
2024-11-12 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 404,230 32,596 8.77 97,296 33.37 0.1263
2024-08-13 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 371,634 22,135 6.33 72,952 -3.68 0.1034
2024-05-07 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 349,499 -173,036 -33.11 75,736 -42.87 0.1110
2024-02-14 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 522,535 73,775 16.44 132,562 47.57 0.2128
2023-11-14 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 448,760 65,363 17.05 89,827 1.09 0.1614
2023-08-11 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 383,397 64,266 20.14 88,857 6.65 0.1550
2023-05-12 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 319,131 128,002 66.97 83,314 55.51 0.1548
2023-02-10 2022-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 191,129 -12,886 -6.32 53,574 -7.75 0.1191
2022-11-14 2022-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 204,015 -8,504 -4.00 58,072 -14.71 0.1295
2022-08-15 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 212,519 -8,241 -3.73 68,085 -10.35 0.1470
2022-05-13 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 220,760 -1,998 -0.90 75,946 -12.42 0.1527
2022-02-14 2021-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 222,758 -6,115 -2.67 86,719 14.53 0.1627
2021-11-12 2021-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 228,873 -4,356 -1.87 75,720 1.78 0.1589
2021-08-06 2021-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 233,229 -5,573 -2.33 74,397 11.96 0.1650
2021-05-12 2021-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 238,802 35,234 17.31 66,450 15.61 0.1674
2021-02-08 2020-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 203,568 43,116 26.87 57,479 12.24 0.1486
2020-12-04 2020-09-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 160,452 -2,425 -1.49 51,210 5.66 0.1483
2020-11-06 2020-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 168,236 5,359 53,689 129,271.1749
2020-08-17 2020-06-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 162,877 10,119 6.62 48,469 17.30 0.1504
2020-08-11 2020-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 121,653 -31,105 30,698 83,269.9590
2020-05-14 2020-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 152,758 42,089 38.03 41,321 56.43 0.1518
2020-02-06 2019-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 110,669 -59,571 -34.99 26,415 -35.22 0.0788
2019-11-12 2019-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 170,240 -5,981 -3.39 40,776 3.33 0.1043
2019-08-14 2019-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 176,221 14,144 8.73 39,463 21.77 0.1289
2019-05-15 2019-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 162,077 -28,631 -15.01 32,408 5.74 0.1088
2019-02-13 2018-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 190,708 -191 -0.10 30,650 0.00 0.1091
2018-11-08 2018-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 190,899 -38,123 -16.65 30,649 -18.96 0.1111
2018-08-03 2018-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 229,022 30,384 15.30 37,818 11.39 0.1285
2018-05-11 2018-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 198,638 12,213 6.55 33,950 11.48 0.1301
2018-02-08 2017-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 186,425 9,455 5.34 30,453 19.46 0.1057
2017-11-06 2017-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 176,970 23,904 15.62 25,492 23.46 0.0906
2017-07-31 2017-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 153,066 74,619 95.12 20,648 118.68 0.0823
2017-05-05 2017-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 78,447 34,077 76.80 9,442 106.07 0.0414
2017-02-02 2016-12-31 13F SBA COMMUNICATIONS COM 78388J106 44,370 -1,439 -3.14 4,582 -10.82 0.0222
2016-11-04 2016-09-30 13F SBA COMMUNICATIONS COM 78388J106 45,809 22,968 100.56 5,138 108.44 0.0261
2016-08-11 2016-06-30 13F SBA COMMUNICATIONS COM 78388J106 22,841 -81,186 -78.04 2,465 -76.35 0.0148
2016-05-10 2016-03-31 13F/A-1 SBA COMMUNICATIONS COM 78388J106 104,027 -94,312 -47.55 10,421 -49.99 0.0649
2016-02-03 2015-12-31 13F SBA COMMUNICATIONS COM 78388J106 198,339 -7,321 -3.56 20,839 -3.26 0.1270
2015-11-02 2015-09-30 13F/A-1 SBA COMMUNICATIONS COM 78388J106 205,660 -21,277 -9.38 21,541 -17.44 0.1977
2015-10-30 2015-09-30 13F DIREXION SHS ETF TR COM 78388J106 205,660 21,542
2015-08-07 2015-06-30 13F/A-1 SBA COMMUNICATIONS COM 78388J106 226,937 7,453 3.40 26,090 1.52 0.2359
2015-08-04 2015-06-30 13F SBA COMMUNICATIONS COM 78388J106 226,937 7,453 26,090 0.2359
2015-05-14 2015-03-31 13F/A-1 SBA COMMUNICATIONS COM 78388J106 219,484 11,011 5.28 25,700 11.30 0.2232
2015-05-01 2015-03-31 13F SBA COMMUNICATIONS COM 78388J106 219,484 25,700
2015-02-10 2014-12-31 13F SBA COMMUNICATIONS COM 78388J106 208,473 208,473 23,091 0.2041
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.