$SBAC

$182.46 -$3.46 (1.86%) Live

$SBAC Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 106.1M shares outstanding

Who owns SBAC?

By type of holder

Institutions 98.9% Insiders 0.0% Everyone else 1.1%

Concentration Top 10 holders own 53.4%

Dodge & Cox 11.6% · BlackRock, Inc. 9.6%

Institutional ownership

98.9%

+2.3 pts vs last qtr

Institutional holders

680

+13 vs last qtr

Net shares bought

+2.4M

by institutions in Q2 2026

New / sold out

89 / 76

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Norges Bank NEW +1.5M
Deutsche Bank Ag\ +1.3M

Biggest sellers in Q2 2026

Jpmorgan Chase & Co −1.2M
Ameriprise Financial Inc −722.9K

Who is planning to sell?

Notices of proposed sale, last 12 months

$54.8K

1 notice from 1 person

Shares covered

300

0.00% of the company

Arranged in advance

of the value is under a 10b5-1 plan

Under a 10b5-1 plan No plan

Largest proposed sellers

George R. Krouse JR Officer $54.8K

Every notice on Red Flags →

A Form 144 is notice of a planned sale, not the sale itself. What insiders actually sold is on Insider Transactions.

Is your stake being diluted?

Diluted share count, FY2016–FY2025

−14.1%

−1.67% a year

Each share's claim on the business

+16.4%

grew without buying or selling a share

Spent on buybacks vs paid in stock

$5.33B vs $678M

over 10 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years73% 3–5 years1% 1–3 years19% Under 1 year7%

Quarterly turnover

10.8%

of institutional shares changed hands

Top 10 managers, median time held

5 years

Super Investors

Investment managers reporting SBAC on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
DC Dodge & Cox	12.3M	11.62%	+243.0K (+2.0%)	2024	1.1%
Shares held by quarter Peak holding12.3M (Q2'26) Change over 8 quarters+10.7M Share of the company11.620% Dodge & Cox's full portfolio →
B BlackRock, Inc.	10.1M	9.56%	+21.7K (+0.2%)	≤2021	0.0%
Shares held by quarter Peak holding10.1M (Q2'26) Change over 8 quarters+919.2K Share of the company9.560% BlackRock, Inc.'s full portfolio →

Dodge & Cox

12.3M

% of company

11.62%

Change vs last qtr

+243.0K (+2.0%)

Held since

2024

BlackRock, Inc.

10.1M

% of company

9.56%

Change vs last qtr

+21.7K (+0.2%)

Held since

≤2021

28 more super investors behind a free account

See every manager holding SBA Communications Corp, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting SBAC on Form N-PORT; together they hold 50.3% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
DC Dodge & Cox Stock Fund Dodge & Cox Funds	$1.37B	7.8M	7.31%	1.16%	June 30, 2026
VR Vanguard Real Estate Index Fund Vanguard Specialized Funds	$728M	4.0M	3.79%	1.00%	July 31, 2026

Dodge & Cox Stock Fund

Dodge & Cox Funds

Position value

$1.37B

% of company

7.31%

% of the fund

1.16%

As of

June 30, 2026

Vanguard Real Estate Index Fund

Vanguard Specialized Funds

Position value

$728M

% of company

3.79%

% of the fund

1.00%

As of

July 31, 2026

23 more funds behind a free account

See every fund holding SBA Communications Corp and how much of the fund the position is.

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