SBAC
SBA Communications Corporation · Real Estate · REIT - Specialty
Momentum inputs (comparable managers):
holder breadth -5.6% ·
share flow -0.7% ·
net new positions -5.9%
· formula
Broad distribution: falling shares and fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q2 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 157 | +2 | 77.21M | $13.63B | +7 | −6 |
| Q1 2026 | 159 | +2 | 73.64M | $12.66B | +10 | −9 |
| Q4 2025 | 156 | +1 | 87.16M | $16.84B | +3 | −1 |
| Q3 2025 | 17 | -2 | 60.66M | $11.73B | +1 | −4 |
| Q2 2025 | 17 | -1 | 48.39M | $11.36B | n/a | −1 |
| Q1 2025 | 15 | +1 | 20.45M | $4.50B | +1 | n/a |
| Q4 2024 | 14 | -1 | 18.67M | $3.80B | +1 | −2 |
| Q3 2024 | 14 | 0 | 9.95M | $2.39B | +1 | −1 |
| Q2 2024 | 14 | n/a | 8.74M | $1.71B | n/a | n/a |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group ✦ (passive) | 17.76M | n/a | $4.17B | 0.1% | n/c | 1 | SEC ↗ ×6 |
| 2 | BlackRock ✦ (passive) | 9.83M | n/a | $2.31B | 0.0% | n/c | 1 | SEC ↗ ×22 |
| 3 | Dodge & Cox ✦ | 8.61M | +1.4% | $2.02B | 1.1% | ▲ Add | 4 | SEC ↗ |
| 4 | State Street Global Advisors ✦ (passive) | 4.61M | +0.5% | $1.08B | 0.0% | ▲ Add | 3 | SEC ↗ |
| 5 | Geode Capital Management ✦ (passive) | 3.03M | -2.6% | $709.81M | 0.1% | ▼ Trim | 5 | SEC ↗ ×2 |
| 6 | Norges Bank ✦ (passive) | 1.49M | +9.6% | $351.08M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 7 | Fidelity (FMR) ✦ | 694.90K | n/a | $163.19M | 0.0% | n/c | 1 | SEC ↗ ×3 |
| 8 | AQR Capital Management ✦ | 568.77K | -4.4% | $131.50M | 0.1% | ▼ Trim | 5 | SEC ↗ ×5 |
| 9 | Citadel Advisors ✦ | 514.31K | +278.0% | $120.78M | 0.1% | ▲ Add | 2 | SEC ↗ |
| 10 | T. Rowe Price ✦ | 500.49K | -42.4% | $117.54M | 0.0% | ▼ Trim | 5 | SEC ↗ ×3 |
| 11 | Millennium Management ✦ | 256.34K | +20.5% | $60.20M | 0.1% | ▲ Add | 5 | SEC ↗ |
| 12 | Wellington Management ✦ | 243.69K | -6.5% | $57.23M | 0.0% | ▼ Trim | 5 | SEC ↗ ×3 |
| 13 | Arrowstreet Capital ✦ | 202.56K | +15.0% | $47.57M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 14 | D. E. Shaw & Co. ✦ | 33.79K | -89.4% | $7.94M | 0.0% | ▼ Trim | 5 | SEC ↗ ×2 |
| 15 | Gotham Asset Management ✦ | 21.77K | +39.5% | $5.11M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 16 | Marshall Wace ✦ | 7.10K | -97.1% | $1.67M | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 17 | Two Sigma Investments ✦ | 1.19K | -95.5% | $278,520 | 0.0% | ▼ Trim | 5 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value: the conviction measure. ✦ = curated manager.
New buyers
| No new tracked buyers this quarter. |
Exited
| Adage Capital Partners | $9.48M | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 663 holders, 98.55M shares, $16.10B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold: shared-ownership counts, not fundamental relationships.
Open-market purchases (P)
No open-market insider purchases in our coverage window.
Open-market sales (S)
Director · 300 sh · $54,802
Awards, exercises and tax withholding are never counted as buys or sales here. Methodology