Who owns SBA Communications (SBAC)?
133 holders named in SEC filings declare between 78.8% and 95.4% of SBA Communications' shares outstanding, as of Jun 30, 2026. The largest are Vanguard (16.9%), Dodge & Cox (11.6%) and BlackRock (9.6%); the five largest hold 45.9% together. Another 547 institutions hold small positions worth 4.1%. At least 0.55% of the shares appear in no ownership filing: investors who do not have to report, mostly individuals. From Mar 31, 2026 to Jun 30, 2026, institutions that filed both quarters bought 9.1% and sold 9.2% of the shares, a net sale of 0.06%; 74 opened a position, 249 added, 237 reduced and 64 sold out. Biggest buyers: Deutsche Bank (+1.3M shares) and PRINCIPAL FINANCIAL GROUP INC (+1.0M shares). Biggest sellers: JPMorgan (-1.2M) and Ameriprise Financial, Inc. (-722,896). Over time, 672 managers declared SBA Communications in their 13F for Q2 2026, against 549 for Q4 2019: together at most 98.9% of the shares outstanding, against 92.2%.
| Holder | Filing | Share of capital | As of | Holding since (13F) |
|---|---|---|---|---|
| Vanguard | 13F | 16.9% | Jun 30, 2026 | Q4 2019 or earlier |
| Dodge & Cox | 13F | 11.6% | Jun 30, 2026 | Q3 2024 |
| BlackRock | 13F | 9.6% | Jun 30, 2026 | Q4 2019 or earlier |
| State Street | 13F | 4.8% | Jun 30, 2026 | Q4 2019 or earlier |
| Cohen & Steers, Inc. | 13F | 3.1% | Jun 30, 2026 | Q4 2019 or earlier |
| Geode Capital | 13F | 3.0% | Jun 30, 2026 | Q4 2019 or earlier |
| JPMorgan | 13F | 2.6% | Jun 30, 2026 | Q4 2019 or earlier |
| Invesco | 13F | 1.8% | Jun 30, 2026 | Q4 2019 or earlier |
| Deutsche Bank | 13F | 1.7% | Jun 30, 2026 | Q4 2019 or earlier |
| Charles Schwab | 13F | 1.6% | Jun 30, 2026 | Q4 2019 or earlier |
| UBS | 13F | 1.6% | Jun 30, 2026 | Q4 2019 or earlier |
| Dimensional | 13F | 1.5% | Jun 30, 2026 | Q4 2019 or earlier |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 13F | 1.5% | Jun 30, 2026 | Q1 2024 |
| Norges Bank | 13F | 1.4% | Jun 30, 2026 | Q4 2019 or earlier |
| Legal & General | 13F | 1.3% | Jun 30, 2026 | Q4 2019 or earlier |
| NORDEA INVESTMENT MANAGEMENT AB | 13F | 1.2% | Jun 30, 2026 | Q4 2019 or earlier |
| Diamond Hill Capital Management, LLC (Investment Advisor) | 13F | 1.2% | Jun 30, 2026 | Q1 2021 |
| Citadel | 13F | 1.2% | Jun 30, 2026 | Q1 2025 |
| Morgan Stanley | 13F | 1.2% | Jun 30, 2026 | Q4 2019 or earlier |
| PRINCIPAL FINANCIAL GROUP INC | 13F | 1.1% | Jun 30, 2026 | Q4 2019 or earlier |
| Fidelity (FMR) | 13F | 0.97% | Jun 30, 2026 | Q4 2019 or earlier |
| Northern Trust | 13F | 0.94% | Jun 30, 2026 | Q4 2019 or earlier |
| Alyeska Investment Group, L.P. | 13F | 0.94% | Jun 30, 2026 | Q2 2026 |
| CANADA PENSION PLAN INVESTMENT BOARD | 13F | 0.86% | Jun 30, 2026 | Q4 2019 or earlier |
| Long Pond Capital, LP | 13F | 0.85% | Jun 30, 2026 | Q2 2026 |
SBA Communications institutional ownership over time
| Quarter | 13F managers | Share of the company (upper bound) | Value declared | Held by stock pickers |
|---|---|---|---|---|
| Q4 2019 | 549 | 92.2% | $24.8B | 54.3% |
| Q4 2020 | 611 | 92.7% | $29.0B | 56.7% |
| Q4 2021 | 668 | 93.3% | $39.4B | 56.1% |
| Q4 2022 | 678 | 94.2% | $28.5B | 53.3% |
| Q4 2023 | 693 | 97.7% | $26.7B | 55.3% |
| Q4 2024 | 654 | 98.5% | $21.6B | 54.0% |
| Q4 2025 | 674 | 96.8% | $19.9B | 52.1% |
| Q2 2026 | 672 | 98.9% | $18.5B | 51.7% |
From SEC Form 13F, every quarter since the end of 2019, read like the current quarter: entities of a house summed, a value contradicting its share count set aside. The share of the company is an upper bound — two managers can declare the same shares — over the shares outstanding at that date.