Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in SBAC held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | DODGE & COX | 12.1M | $2.08B | +0.7% | 11.390% | 1.14% |
| 2 | BlackRock, Inc. | 10.1M | $1.74B | +2.2% | 9.539% | 0.03% |
| 3 | VANGUARD PORTFOLIO MANAGEMENT LLC | 9.7M | $1.67B | β | 9.151% | 0.09% |
| 4 | VANGUARD CAPITAL MANAGEMENT LLC | 6.9M | $1.19B | β | 6.529% | 0.03% |
| 5 | STATE STREET CORP | 5.0M | $853.9M | +1.0% | 4.678% | 0.03% |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 3.1M | $540.2M | +2.1% | 2.970% | 0.03% |
| 7 | Invesco Ltd. | 2.0M | $338.0M | +8.2% | 1.852% | 0.05% |
| 8 | DIAMOND HILL CAPITAL MANAGEMENT INC | 1.9M | $332.9M | -4.9% | 1.824% | 2.08% |
| 9 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 1.6M | $278.0M | +47.8% | 1.523% | 0.15% |
| 10 | DIMENSIONAL FUND ADVISORS LP | 1.6M | $277.6M | +3.0% | 1.521% | 0.06% |
| 11 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.6M | $271.6M | +3.4% | 1.488% | 0.04% |
| 12 | Legal & General Group Plc | 1.5M | $259.5M | +0.6% | 1.421% | 0.06% |
| 13 | NORDEA INVESTMENT MANAGEMENT AB | 1.3M | $214.0M | +1.6% | 1.193% | 0.20% |
| 14 | MORGAN STANLEY | 1.1M | $192.3M | -18.9% | 1.053% | 0.01% |
| 15 | Mitsubishi UFJ Trust & Banking Corp | 1.1M | $185.0M | +29.7% | 1.013% | 0.46% |
| 16 | ATLAS Infrastructure Partners (UK) Ltd. | 1.0M | $178.0M | β | 0.975% | 6.27% |
| 17 | AMERIPRISE FINANCIAL INC | 1.0M | $173.9M | -20.2% | 0.953% | 0.04% |
| 18 | BANK OF AMERICA CORP /DE/ | 1.0M | $173.0M | +41.7% | 0.948% | 0.01% |
| 19 | NORTHERN TRUST CORP | 983K | $169.3M | -3.0% | 0.927% | 0.02% |
| 20 | NORTHWOOD LIQUID MANAGEMENT LP | 978K | $168.4M | -16.9% | 0.923% | 11.30% |
| 21 | GOLDMAN SACHS GROUP INC | 944K | $162.5M | -23.8% | 0.890% | 0.02% |
| 22 | UBS ASSET MANAGEMENT AMERICAS INC | 926K | $159.4M | +62406.7% | 0.873% | 0.03% |
| 23 | CANADA PENSION PLAN INVESTMENT BOARD | 908K | $156.2M | +4.0% | 0.856% | 0.10% |
| 24 | UBS Group AG | 887K | $152.7M | +31.8% | 0.836% | 0.02% |
| 25 | EARNEST PARTNERS LLC | 784K | $135.0M | -0.7% | 0.739% | 0.56% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). β% of Fundβ shows how much of that investorβs total 13F portfolio is invested in SBAC β a direct measure of their conviction.
Filings activity in SBAC during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new SBAC position in Q1 2026
Institutions that fully closed their SBAC position in Q1 2026
8 quarters of 13F filings Β· Ξ columns show change vs prior quarter
| Quarter | Inst. Holders | Ξ Holders | Ownership % | Ξ Ownership | Total 13F Value | Ξ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 655 | 2.1% | 74.21% | 13.06 pp | $16.12B | 15% |
| Q4 2025 | 669 | +1.4% | 87.27% | +1.73 pp | $18.95B | +2.0% |
| Q3 2025 | 660 | 5.3% | 85.54% | 19.28 pp | $18.58B | 18% |
| Q2 2025 | 697 | +3.3% | 104.82% | +3.29 pp | $22.77B | +3.2% |
| Q1 2025 | 675 | +4.5% | 101.53% | +8.92 pp | $22.05B | +9.6% |
| Q4 2024 | 646 | 2.3% | 92.61% | 12.93 pp | $20.12B | 12% |
| Q3 2024 | 661 | +6.1% | 105.54% | +19.93 pp | $22.92B | +23% |
| Q2 2024 | 623 | β | 85.61% | β | $18.59B | β |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Ξ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying SBAC stock.
Based on Q1 2026 13F filings, institutional ownership of SBA Communications Corporation stands at 74.2%, held across 655 reporting institutions.
DODGE & COX is the largest reported institutional holder of SBAC, with approximately 12,080,284 shares worth $2.08B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of SBAC.
Our composite Smart Money Score for SBAC is 22 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
104 institutions opened new positions in SBAC during Q1 2026, while 118 fully exited. 126 added to existing positions and 422 trimmed.
SBAC institutional ownership fell by 13.06 percentage points quarter-over-quarter, with a net change of -14 holders.
The top 10 institutions account for 57.7% of all reported 13F value in SBAC, and the top 25 account for 74.8%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
SBA Communications Corporation (SBAC) Institutional Ownership