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SBAC in the 13F filings

Sba Communications Corp · CUSIP 78410G104

Sector · Real estateTheme · Real estate investment trusts
Quarter
Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 10 Feb 2026
Managers listing it
27
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 9 listed it in both
Shares listed
18,985,488
combined, among listed positions
Reported value
$3.7bn
combined, at the quarter end

Among the 92 comparable managers: 17 buyers (opened or added shares) and 14 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was +3,187,111.

Managers listing SBAC in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

27 of 27 holders

ActionFiling
Dodge & Cox11,996,134$2.3bn1.25%Added+2,328,83713 Feb 2026 (the filing on sec.gov)
Invesco Ltd1,815,032$351munder 0.1%Added+9,65619 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP1,092,612$211m0.12%Added+785,85013 Feb 2026 (the filing on sec.gov)
Millennium Management LLC811,543$157m0.07%Added+513,00217 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)745,069$144munder 0.1%Trimmed-270,95417 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC390,003$75munder 0.1%Added+280,01717 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC362,995$70munder 0.1%Trimmed-10,17717 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC319,468$62m0.08%Trimmed-119,71417 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc291,016$56munder 0.1%Trimmed-95,14417 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP283,097$55m0.08%Newnew17 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC278,336$54munder 0.1%Trimmed-17,43927 Oct 2026 (the filing on sec.gov)
AllianceBernstein LP152,491$29munder 0.1%Added+14,35217 Feb 2026 (the filing on sec.gov)
Point72 Asset Management LP118,166$23munder 0.1%Added+33,47817 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP71,400$14munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Man Group PLC54,801$11munder 0.1%Trimmed-98,18817 Feb 2026 (the filing on sec.gov)
Verition Fund Management LLC48,337$9.3munder 0.1%Added+14,60913 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.35,681$6.9munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Holocene Advisors LP29,395$5.7munder 0.1%Added+1,76017 Feb 2026 (the filing on sec.gov)
ExodusPoint Capital Management LP26,835$5.2munder 0.1%Trimmed-25,26217 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP22,791$4.4munder 0.1%Trimmed-25,33617 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd13,017$2.5munder 0.1%Added+21117 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC9,580$1.9munder 0.1%Added+6,71613 Feb 2026 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC8,487$1.6munder 0.1%Trimmed-132,61717 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC4,953$958kunder 0.1%Trimmed-81,04512 Feb 2026 (the filing on sec.gov)
Woodline Partners LP1,965$380kunder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

New (6)

Exited (4)

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
21 in Q3 2024 to 10 in Q2 2026

Tracked managers listing it, at least.

01020302017201820192020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
SBAC by quarter
QuarterHoldersReported valueBuyersSellers
Q4 20161$50mn.a.n.a.
Q1 201718$2.3bnn.a.n.a.
Q2 201716$2.0bnn.a.n.a.
Q3 201717$1.7bnn.a.n.a.
Q4 201717$2.0bnn.a.n.a.
Q1 201821$2.5bnn.a.n.a.
Q2 201816$2.4bnn.a.n.a.
Q3 201820$2.1bnn.a.n.a.
Q4 201818$2.0bnn.a.n.a.
Q1 201915$2.3bnn.a.n.a.
Q2 201919$3.0bnn.a.n.a.
Q3 201925$3.6bnn.a.n.a.
Q4 201923$3.5bnn.a.n.a.
Q1 202028$4.3bnn.a.n.a.
Q2 202030$4.9bnn.a.n.a.
Q3 202023$5.0bnn.a.n.a.
Q4 202023$5.0bnn.a.n.a.
Q1 202118$4.4bnn.a.n.a.
Q2 202126$4.8bnn.a.n.a.
Q3 202122$4.8bnn.a.n.a.
Q4 202127$5.5bnn.a.n.a.
Q1 202219$4.6bnn.a.n.a.
Q2 202218$4.8bnn.a.n.a.
Q3 202219$4.3bnn.a.n.a.
Q4 202222$4.3bnn.a.n.a.
Q1 202324$2.9bnn.a.n.a.
Q2 202322$2.4bnn.a.n.a.
Q3 202321$2.0bnn.a.n.a.
Q4 202320$2.8bn129
Q1 202423$2.4bn168
Q2 202421$2.0bn156
Q3 202421$2.6bn1211
Q4 202419$2.8bn913
Q1 202519$3.3bn128
Q2 202514$3.0bn88
Q3 202512$2.5bn113
Q4 202510$3.2bn1714
Q1 202612$3.0bn1915
Q2 202610$2.9bn1619

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

SBAC and WELL →SBAC and EQIX →SBAC and PLD →Choose a stock to compare with SBAC →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own SBAC, latest filings →Back to the 13F Explorer →