Who owns SBA Communications (SBAC)
Which tracked institutional funds hold SBAC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See SBAC company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
158 tracked funds added or opened SBAC while 154 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
SBAC’s largest tracked holder by dollar value, DODGE & COX, sizes it at 1.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in SBAC divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 639 tracked filers holding SBAC, 325 increased or opened the position and 338 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in SBAC between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 29
- Alyeska Investment Group, L.P.$175M
- Long Pond Capital, LP$159M
- Jain Global LLC$35M
- Benchstone Capital Management LP$20M
- STEADFAST CAPITAL MANAGEMENT LP$12M
- JANE STREET GROUP, LLC$11M
Full exits 56
- COHEN & STEERS, INC.$539M
- Amundi$120M
- SG Americas Securities, LLC$81M
- Thrivent Financial for Lutherans$57M
- CANADA LIFE ASSURANCE Co$25M
- ACADIAN ASSET MANAGEMENT LLC$22M
Largest adds
- BlackRock, Inc.$395M
- DEUTSCHE BANK AG\$237M
- PRINCIPAL FINANCIAL GROUP INC$179M
- CITADEL ADVISORS LLC$161M
- MILLENNIUM MANAGEMENT LLC$99M
- DODGE & COX$95M
Largest trims
- JPMORGAN CHASE & CO$179M
- AMERIPRISE FINANCIAL INC$123M
- Diamond Hill Capital Management, LLC (Investment Advisor)$105M
- RUSH ISLAND MANAGEMENT, LP$88M
- ATLAS Infrastructure Partners (UK) Ltd.$84M
- TWO SIGMA INVESTMENTS, LP$78M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| DODGE & COX added | 12,323,254 | $2.2B | 13.1% | 2026-Q2 |
| BlackRock, Inc. added | 10,138,749 | $1.8B | 10.8% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 9,817,059 | $1.7B | 10.4% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 6,936,972 | $1.2B | 7.4% | 2026-Q2 |
| STATE STREET CORP added | 5,119,264 | $903M | 5.4% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 3,175,913 | $558M | 3.4% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 2,707,005 | $486M | 2.9% | 2026-Q2 |
| Invesco Ltd. added | 1,934,968 | $341M | 2.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 1,812,200 | $320M | 1.9% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 1,710,278 | $302M | 1.8% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 1,611,278 | $284M | 1.7% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP trimmed | 1,568,367 | $277M | 1.7% | 2026-Q2 |
| NORGES BANK added | 1,483,684 | $262M | 1.6% | 2026-Q2 |
| Legal & General Group Plc trimmed | 1,428,343 | $252M | 1.5% | 2026-Q2 |
| NORDEA INVESTMENT MANAGEMENT AB added | 1,299,681 | $228M | 1.4% | 2026-Q2 |
| Diamond Hill Capital Management, LLC (Investment Advisor) trimmed | 1,294,155 | $228M | 1.4% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 1,292,825 | $228M | 1.4% | 2026-Q2 |
| MORGAN STANLEY added | 1,276,825 | $225M | 1.4% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC added | 1,152,311 | $203M | 1.2% | 2026-Q2 |
| FMR LLC added | 1,033,501 | $182M | 1.1% | 2026-Q2 |
| NORTHERN TRUST CORP added | 995,233 | $176M | 1.1% | 2026-Q2 |
| Alyeska Investment Group, L.P. added | 992,057 | $175M | 1.1% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD | 907,828 | $160M | 1.0% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed | 900,762 | $159M | 1.0% | 2026-Q2 |
| Long Pond Capital, LP new | 898,715 | $159M | 1.0% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 872,692 | $154M | 0.9% | 2026-Q2 |
| Mitsubishi UFJ Trust & Banking Corp trimmed | 820,824 | $145M | 0.9% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 795,612 | $140M | 0.8% | 2026-Q2 |
| EARNEST PARTNERS LLC trimmed | 767,973 | $136M | 0.8% | 2026-Q2 |
| UBS Group AG trimmed | 749,729 | $132M | 0.8% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 699,701 | $123M | 0.7% | 2026-Q2 |
| Nuveen, LLC added | 614,493 | $108M | 0.7% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 595,442 | $105M | 0.6% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 591,794 | $104M | 0.6% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 579,337 | $102M | 0.6% | 2026-Q2 |
| Permit Capital, LLC | 575,312 | $102M | 0.6% | 2026-Q2 |
| ATLAS Infrastructure Partners (UK) Ltd. trimmed | 532,422 | $94M | 0.6% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 529,263 | $93M | 0.6% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 465,761 | $82M | 0.5% | 2026-Q2 |
| RUSH ISLAND MANAGEMENT, LP trimmed | 456,290 | $81M | 0.5% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 413,296 | $72M | 0.4% | 2026-Q2 |
| Woodline Partners LP trimmed | 372,032 | $66M | 0.4% | 2026-Q2 |
| GRS Advisors, LLC added | 368,869 | $65M | 0.4% | 2026-Q2 |
| Quantinno Capital Management LP added | 348,491 | $61M | 0.4% | 2026-Q2 |
| CI INVESTMENTS INC. added | 346,801 | $61M | 0.4% | 2026-Q2 |
| REAVES W H & CO INC | 322,464 | $57M | 0.3% | 2026-Q2 |
| DigitalBridge Group, Inc. trimmed | 320,258 | $57M | 0.3% | 2026-Q2 |
| Swiss National Bank trimmed | 298,300 | $53M | 0.3% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC trimmed | 287,362 | $51M | 0.3% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 274,868 | $49M | 0.3% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 265,613 | $47M | 0.3% | 2026-Q2 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 263,443 | $46M | 0.3% | 2026-Q2 |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS trimmed | 254,001 | $45M | 0.3% | 2026-Q2 |
| BARCLAYS PLC trimmed | 244,401 | $43M | 0.3% | 2026-Q2 |
| Aberdeen Group plc added | 232,045 | $41M | 0.2% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 231,837 | $41M | 0.2% | 2026-Q2 |
| Vanguard Global Advisers, LLC trimmed | 228,484 | $40M | 0.2% | 2026-Q2 |
| BRISTOL JOHN W & CO INC /NY/ trimmed | 228,211 | $40M | 0.2% | 2026-Q2 |
| CITIGROUP INC added | 228,209 | $40M | 0.2% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 205,420 | $36M | 0.2% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 202,146 | $36M | 0.2% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC trimmed | 199,390 | $35M | 0.2% | 2026-Q2 |
| Jain Global LLC added | 196,942 | $35M | 0.2% | 2026-Q2 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 191,959 | $34M | 0.2% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed | 191,631 | $34M | 0.2% | 2026-Q2 |
| Qube Research & Technologies Ltd trimmed | 188,930 | $33M | 0.2% | 2026-Q2 |
| Clearbridge Investments, LLC trimmed | 185,696 | $33M | 0.2% | 2026-Q2 |
| Ilex Capital Partners (UK) LLP added | 173,986 | $31M | 0.2% | 2026-Q2 |
| BOOTHBAY FUND MANAGEMENT, LLC trimmed | 165,975 | $29M | 0.2% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 156,714 | $28M | 0.2% | 2026-Q2 |
| SORA INVESTORS LLC added | 147,995 | $26M | 0.2% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 147,041 | $26M | 0.2% | 2026-Q2 |
| California Public Employees Retirement System trimmed | 138,815 | $24M | 0.1% | 2026-Q2 |
| Universal- Beteiligungs- und Servicegesellschaft mbH added | 131,116 | $23M | 0.1% | 2026-Q2 |
| Partners Group Holding AG trimmed | 127,069 | $22M | 0.1% | 2026-Q2 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 123,238 | $22M | 0.1% | 2026-Q2 |
| FEDERATED HERMES, INC. trimmed | 121,592 | $21M | 0.1% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 121,303 | $21M | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 121,175 | $21M | 0.1% | 2026-Q2 |
| Magellan Asset Management Ltd added | 115,963 | $20M | 0.1% | 2026-Q2 |
| Benchstone Capital Management LP trimmed | 113,856 | $20M | 0.1% | 2026-Q2 |
| UniSuper Management Pty Ltd trimmed | 109,689 | $19M | 0.1% | 2026-Q2 |
| Skylands Capital, LLC trimmed | 108,880 | $19M | 0.1% | 2026-Q2 |
| Vanguard Investments Australia, Ltd. added | 108,279 | $19M | 0.1% | 2026-Q2 |
| Maryland State Retirement & Pension System added | 105,785 | $19M | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 104,930 | $18M | 0.1% | 2026-Q2 |
| TUDOR INVESTMENT CORP ET AL trimmed | 103,921 | $18M | 0.1% | 2026-Q2 |
| AVIVA PLC trimmed | 103,799 | $18M | 0.1% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 102,953 | $18M | 0.1% | 2026-Q2 |
| KETTLE HILL CAPITAL MANAGEMENT, LLC added | 101,128 | $18M | 0.1% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 98,412 | $18M | 0.1% | 2026-Q2 |
| OMERS ADMINISTRATION Corp added | 90,741 | $16M | 0.1% | 2026-Q2 |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM trimmed | 90,062 | $16M | 0.1% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC trimmed | 89,892 | $16M | 0.1% | 2026-Q2 |
| TORONTO DOMINION BANK added | 87,668 | $15M | 0.1% | 2026-Q2 |
| Swedbank AB trimmed | 86,611 | $15M | 0.1% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 84,619 | $15M | 0.1% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 83,766 | $15M | 0.1% | 2026-Q2 |
| Retirement Systems of Alabama trimmed | 81,700 | $14M | 0.1% | 2026-Q2 |
| Moran Wealth Management, LLC trimmed | 79,284 | $14M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.