SBA COMMUNICATIONS CORP - Class A Common Stock (SBAC) Institutional Ownership

13F Institutional Holders and Ownership History from Q4 2015 to Q4 2025

Type / Class
Equity / Class A Common Stock
Symbol
SBAC on Nasdaq
Shares outstanding
107,637,626
Price per share
$186.79
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
102,868,125
Total reported value
$19,891,118,674
% of total 13F portfolios
0.01%
Share change
+899,161
Value change
+$171,212,146
Number of holders
666
Price from insider filings
$186.79
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of SBA COMMUNICATIONS CORP - Class A Common Stock (SBAC) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
DODGE & COX 11% +19% $2,226,855,647 +$357,683,772 11,517,226 +19% Dodge & Cox 31 Oct 2025
BlackRock, Inc. 9.4% $2,413,384,839 10,119,014 BlackRock, Inc. 31 Dec 2024
JPMORGAN CHASE & CO 4.5% -17% $942,151,046 -$210,802,544 4,872,775 -18% JPMORGAN CHASE & CO. 30 Sep 2025

As of 31 Dec 2025, 666 institutional investors reported holding 102,868,125 shares of SBA COMMUNICATIONS CORP - Class A Common Stock (SBAC). This represents 96% of the company’s total 107,637,626 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of SBA COMMUNICATIONS CORP - Class A Common Stock (SBAC) together control 73% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
VANGUARD GROUP INC 17% 17,902,769 -1.4% 0.05% $3,462,932,607
Dodge & Cox 11% 11,996,134 +24% 1.3% $2,320,412,200
BlackRock, Inc. 9.2% 9,900,903 -1.1% 0.03% $1,915,131,777
STATE STREET CORP 4.6% 4,911,615 +3.3% 0.03% $950,053,689
JPMORGAN CHASE & CO 4.2% 4,521,258 -8.8% 0.06% $874,547,174
COHEN & STEERS, INC. 3.2% 3,448,807 -8.8% 1.2% $667,146,000
GEODE CAPITAL MANAGEMENT, LLC 2.9% 3,085,112 +0.53% 0.04% $594,654,758
DIAMOND HILL CAPITAL MANAGEMENT INC 1.9% 2,034,920 +9.7% 2% $393,614,576
Invesco Ltd. 1.7% 1,815,032 +0.53% 0.05% $351,081,631
DEUTSCHE BANK AG\ 1.5% 1,590,129 -18% 0.1% $307,578,653
DIMENSIONAL FUND ADVISORS LP 1.5% 1,566,165 +0.09% 0.06% $302,948,821
NORGES BANK 1.5% 1,565,288 0.03% $302,773,658
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 1.4% 1,525,439 +5.1% 0.05% $295,065,666
Legal & General Group Plc 1.4% 1,499,036 +5.4% 0.06% $289,958,535
MORGAN STANLEY 1.3% 1,377,798 +1.8% 0.02% $266,507,992
AMERIPRISE FINANCIAL INC 1.2% 1,265,343 -0.16% 0.06% $244,757,116
NORDEA INVESTMENT MANAGEMENT AB 1.2% 1,245,399 +5.4% 0.21% $241,233,787
GOLDMAN SACHS GROUP INC 1.2% 1,239,905 +21% 0.03% $239,834,920
RUSH ISLAND MANAGEMENT, LP 1.1% 1,177,595 +25% 14% $227,782,201
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 1% 1,092,612 +256% 0.12% $211,343,939
NORTHERN TRUST CORP 0.94% 1,013,927 -3.8% 0.03% $196,123,899
CANADA PENSION PLAN INVESTMENT BOARD 0.81% 872,649 +28% 0.11% $168,796,496
Mitsubishi UFJ Trust & Banking Corp 0.77% 828,733 -0.98% 0.38% $160,356,702
Amundi 0.77% 823,503 +20% 0.05% $159,305,184
MILLENNIUM MANAGEMENT LLC 0.75% 811,543 +172% 0.11% $156,976,762

Institutional Holders of SBA COMMUNICATIONS CORP - Class A Common Stock (SBAC) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 102,868,125 $19,891,118,674 +$171,212,146 $193.43 666
2025 Q3 102,096,949 $19,735,845,532 -$919,467,435 $193.35 671
2025 Q2 106,197,405 $24,925,201,700 +$356,096,310 $234.84 701
2025 Q1 104,979,608 $23,095,268,052 -$159,861,916 $220.01 685
2024 Q4 105,776,500 $21,553,358,975 +$254,393,466 $203.80 658
2024 Q3 103,547,270 $24,918,619,703 +$711,665,488 $240.70 675
2024 Q2 101,015,445 $19,814,768,460 -$177,953,753 $196.30 637
2024 Q1 102,146,753 $22,108,553,852 -$798,377,457 $216.70 656
2023 Q4 105,291,393 $26,690,700,552 +$598,041,891 $253.69 695
2023 Q3 103,111,813 $20,642,684,566 +$306,922,554 $200.17 626
2023 Q2 101,302,765 $23,491,681,947 -$106,749,451 $231.76 658
2023 Q1 101,347,994 $26,445,122,970 -$81,518,499 $261.07 678
2022 Q4 102,230,603 $28,664,555,607 -$184,801,212 $280.31 682
2022 Q3 102,530,492 $29,191,837,950 -$97,020,710 $284.65 647
2022 Q2 102,072,131 $32,662,800,250 +$200,147,352 $320.05 658
2022 Q1 101,910,611 $35,048,717,040 -$471,598,780 $344.10 662
2021 Q4 102,978,217 $40,007,172,367 -$172,069,413 $389.02 679
2021 Q3 103,272,307 $34,120,510,232 -$26,770,663 $330.57 625
2021 Q2 103,457,219 $32,952,375,924 +$241,210,265 $318.70 615
2021 Q1 102,750,024 $28,502,852,854 -$177,784,527 $277.55 590
2020 Q4 103,674,458 $29,209,168,187 -$450,563,889 $282.13 628
2020 Q3 105,176,723 $33,452,412,720 -$432,492,124 $318.48 619
2020 Q2 106,496,575 $31,694,601,332 +$392,554,183 $297.92 639
2020 Q1 105,742,952 $28,550,383,644 +$311,599,161 $269.97 591
2019 Q4 104,639,152 $25,184,373,152 -$312,134,971 $240.99 567
2019 Q3 106,021,502 $25,540,856,560 +$574,539,841 $241.15 554
2019 Q2 103,754,561 $23,306,406,345 +$52,201,116 $224.84 519
2019 Q1 104,650,905 $20,878,404,149 +$67,550,478 $199.66 524
2018 Q4 104,301,030 $16,873,126,700 -$107,390,257 $161.89 509
2018 Q3 104,988,779 $16,846,041,610 -$388,702,626 $160.63 481
2018 Q2 107,315,808 $17,702,458,491 +$74,447,255 $165.12 481
2018 Q1 106,784,586 $18,227,013,033 +$192,309,754 $170.92 516
2017 Q4 105,889,664 $17,297,083,323 -$591,819,954 $163.36 505
2017 Q3 109,393,226 $15,756,957,881 +$166,758,012 $144.05 450
2017 Q2 108,620,291 $14,652,543,298 -$400,811,930 $134.90 404
2017 Q1 111,763,437 $13,452,202,126 +$12,100,096,678 $120.37 371
2016 Q4 11,154,281 $1,152,274,310 +$1,152,172,066 $103.26 37
2016 Q3 9,988 $1,424,336 -$34,336 $113.97 4
2016 Q2 381 $40,324 -$147,000 $106.91 2
2016 Q1 1,398 $218,301 -$2,056 $110.66 4
2015 Q4 399 $41,000 $102.76 1