Security record · archived quarter
SBAC
SBA Communications Corporation · Real Estate · REIT - Specialty
156Tracked holders
+1Δ holders
87.16MShares held
$16.84BReported value
+3New positions
−1Exits
Momentum inputs (comparable managers):
holder breadth +0.6% ·
share flow -1.8% ·
net new positions +1.3%
— formula
Ownership fragmentation — more holders, smaller aggregate stake
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q4 2025
Ownership over time
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 159 | +2 | 77.84M | $13.74B | +7 | −4 |
| 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 | — | −1 |
| Q1 2025 | 15 | +1 | 20.45M | $4.50B | +1 | — |
| Q4 2024 | 14 | -1 | 18.67M | $3.80B | +1 | −2 |
| Q3 2024 | 14 | 0 | 9.95M | $2.39B | +1 | −1 |
| Q2 2024 | 14 | — | 8.74M | $1.71B | — | — |
Who holds it · Q4 2025
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | The Vanguard Group ✦ (passive) | 17.90M | -1.4% | $3.46B | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 2 | The Vanguard Group ✦ (passive) | 17.90M | -1.4% | $3.46B | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 3 | The Vanguard Group ✦ (passive) | 17.90M | -1.4% | $3.46B | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 4 | The Vanguard Group ✦ (passive) | 17.90M | -1.4% | $3.46B | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 5 | The Vanguard Group ✦ (passive) | 17.90M | -1.4% | $3.46B | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 6 | The Vanguard Group ✦ (passive) | 17.90M | -1.4% | $3.46B | 0.1% | ▼ Trim | 3 | SEC ↗ |
| 7 | Dodge & Cox ✦ | 12.00M | +24.1% | $2.32B | 1.3% | ▲ Add | 6 | SEC ↗ |
| 8 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 9 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 10 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 11 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 12 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 13 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 14 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 15 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 16 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 17 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 18 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 19 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 20 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 21 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 22 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 23 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 24 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 25 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 26 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 27 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 28 | BlackRock ✦ (passive) | 9.90M | -1.1% | $1.92B | 0.0% | ▼ Trim | 3 | SEC ↗ |
| 29 | State Street Global Advisors ✦ (passive) | 4.91M | +3.3% | $950.05M | 0.0% | ▲ Add | 5 | SEC ↗ |
| 30 | JPMorgan Chase ✦ | 4.52M | -54.4% | $874.55M | 0.1% | ▼ Trim | 2 | SEC ↗ |
| 31 | JPMorgan Chase ✦ | 4.52M | -54.4% | $874.55M | 0.1% | ▼ Trim | 2 | SEC ↗ |
| 32 | JPMorgan Chase ✦ | 4.52M | -54.4% | $874.55M | 0.1% | ▼ Trim | 2 | SEC ↗ |
| 33 | JPMorgan Chase ✦ | 4.52M | -54.4% | $874.55M | 0.1% | ▼ Trim | 2 | SEC ↗ |
| 34 | JPMorgan Chase ✦ | 4.52M | -54.4% | $874.55M | 0.1% | ▼ Trim | 2 | SEC ↗ |
| 35 | JPMorgan Chase ✦ | 4.52M | -54.4% | $874.55M | 0.1% | ▼ Trim | 2 | SEC ↗ |
| 36 | JPMorgan Chase ✦ | 4.52M | -54.4% | $874.55M | 0.1% | ▼ Trim | 2 | SEC ↗ |
| 37 | JPMorgan Chase ✦ | 4.52M | -54.4% | $874.55M | 0.1% | ▼ Trim | 2 | SEC ↗ |
| 38 | JPMorgan Chase ✦ | 4.52M | -54.4% | $874.55M | 0.1% | ▼ Trim | 2 | SEC ↗ |
| 39 | JPMorgan Chase ✦ | 4.52M | -54.4% | $874.55M | 0.1% | ▼ Trim | 2 | SEC ↗ |
| 40 | JPMorgan Chase ✦ | 4.52M | -54.4% | $874.55M | 0.1% | ▼ Trim | 2 | SEC ↗ |
| 41 | JPMorgan Chase ✦ | 4.52M | -54.4% | $874.55M | 0.1% | ▼ Trim | 2 | SEC ↗ |
| 42 | JPMorgan Chase ✦ | 4.52M | -54.4% | $874.55M | 0.1% | ▼ Trim | 2 | SEC ↗ |
| 43 | JPMorgan Chase ✦ | 4.52M | -54.4% | $874.55M | 0.1% | ▼ Trim | 2 | SEC ↗ |
| 44 | Geode Capital Management ✦ (passive) | 3.09M | +0.5% | $594.65M | 0.0% | ▲ Add | 7 | SEC ↗ |
| 45 | Geode Capital Management ✦ (passive) | 3.09M | +0.5% | $594.65M | 0.0% | ▲ Add | 7 | SEC ↗ |
| 46 | Invesco Ltd. | 1.82M | — | $351.08M | 0.0% | n/c | 1 | SEC ↗ |
| 47 | Invesco Ltd. | 1.82M | — | $351.08M | 0.0% | n/c | 1 | SEC ↗ |
| 48 | Invesco Ltd. | 1.82M | — | $351.08M | 0.0% | n/c | 1 | SEC ↗ |
| 49 | Invesco Ltd. | 1.82M | — | $351.08M | 0.0% | n/c | 1 | SEC ↗ |
| 50 | Invesco Ltd. | 1.82M | — | $351.08M | 0.0% | n/c | 1 | SEC ↗ |
| 51 | Invesco Ltd. | 1.82M | — | $351.08M | 0.0% | n/c | 1 | SEC ↗ |
| 52 | Invesco Ltd. | 1.82M | — | $351.08M | 0.0% | n/c | 1 | SEC ↗ |
| 53 | Invesco Ltd. | 1.82M | — | $351.08M | 0.0% | n/c | 1 | SEC ↗ |
| 54 | Invesco Ltd. | 1.82M | — | $351.08M | 0.0% | n/c | 1 | SEC ↗ |
| 55 | Invesco Ltd. | 1.82M | — | $351.08M | 0.0% | n/c | 1 | SEC ↗ |
| 56 | Invesco Ltd. | 1.82M | — | $351.08M | 0.0% | n/c | 1 | SEC ↗ |
| 57 | Invesco Ltd. | 1.82M | — | $351.08M | 0.0% | n/c | 1 | SEC ↗ |
| 58 | Invesco Ltd. | 1.82M | — | $351.08M | 0.0% | n/c | 1 | SEC ↗ |
| 59 | Invesco Ltd. | 1.82M | — | $351.08M | 0.0% | n/c | 1 | SEC ↗ |
| 60 | Invesco Ltd. | 1.82M | — | $351.08M | 0.0% | n/c | 1 | SEC ↗ |
| 61 | Invesco Ltd. | 1.82M | — | $351.08M | 0.0% | n/c | 1 | SEC ↗ |
| 62 | Deutsche Bank Ag\ | 1.59M | — | $307.58M | 0.1% | n/c | 1 | SEC ↗ |
| 63 | Deutsche Bank Ag\ | 1.59M | — | $307.58M | 0.1% | n/c | 1 | SEC ↗ |
| 64 | Deutsche Bank Ag\ | 1.59M | — | $307.58M | 0.1% | n/c | 1 | SEC ↗ |
| 65 | Deutsche Bank Ag\ | 1.59M | — | $307.58M | 0.1% | n/c | 1 | SEC ↗ |
| 66 | Deutsche Bank Ag\ | 1.59M | — | $307.58M | 0.1% | n/c | 1 | SEC ↗ |
| 67 | Deutsche Bank Ag\ | 1.59M | — | $307.58M | 0.1% | n/c | 1 | SEC ↗ |
| 68 | Deutsche Bank Ag\ | 1.59M | — | $307.58M | 0.1% | n/c | 1 | SEC ↗ |
| 69 | Deutsche Bank Ag\ | 1.59M | — | $307.58M | 0.1% | n/c | 1 | SEC ↗ |
| 70 | Dimensional Fund Advisors Lp | 1.57M | — | $302.95M | 0.1% | n/c | 1 | SEC ↗ |
| 71 | Dimensional Fund Advisors Lp | 1.57M | — | $302.95M | 0.1% | n/c | 1 | SEC ↗ |
| 72 | Dimensional Fund Advisors Lp | 1.57M | — | $302.95M | 0.1% | n/c | 1 | SEC ↗ |
| 73 | Dimensional Fund Advisors Lp | 1.57M | — | $302.95M | 0.1% | n/c | 1 | SEC ↗ |
| 74 | Dimensional Fund Advisors Lp | 1.57M | — | $302.95M | 0.1% | n/c | 1 | SEC ↗ |
| 75 | Norges Bank ✦ (passive) | 1.57M | New | $302.77M | 0.0% | New | 1 | SEC ↗ |
| 76 | Charles Schwab Investment… | 1.53M | — | $295.07M | 0.0% | n/c | 1 | SEC ↗ |
| 77 | Legal & General Group Plc | 1.50M | — | $289.96M | 0.1% | n/c | 1 | SEC ↗ |
| 78 | Legal & General Group Plc | 1.50M | — | $289.96M | 0.1% | n/c | 1 | SEC ↗ |
| 79 | Legal & General Group Plc | 1.50M | — | $289.96M | 0.1% | n/c | 1 | SEC ↗ |
| 80 | Morgan Stanley ✦ | 1.38M | +1.8% | $266.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 81 | Morgan Stanley ✦ | 1.38M | +1.8% | $266.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 82 | Morgan Stanley ✦ | 1.38M | +1.8% | $266.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 83 | Morgan Stanley ✦ | 1.38M | +1.8% | $266.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 84 | Morgan Stanley ✦ | 1.38M | +1.8% | $266.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 85 | Morgan Stanley ✦ | 1.38M | +1.8% | $266.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 86 | Morgan Stanley ✦ | 1.38M | +1.8% | $266.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 87 | Morgan Stanley ✦ | 1.38M | +1.8% | $266.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 88 | Morgan Stanley ✦ | 1.38M | +1.8% | $266.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 89 | Morgan Stanley ✦ | 1.38M | +1.8% | $266.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 90 | Morgan Stanley ✦ | 1.38M | +1.8% | $266.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 91 | Morgan Stanley ✦ | 1.38M | +1.8% | $266.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 92 | Morgan Stanley ✦ | 1.38M | +1.8% | $266.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 93 | Morgan Stanley ✦ | 1.38M | +1.8% | $266.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 94 | Morgan Stanley ✦ | 1.38M | +1.8% | $266.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 95 | Morgan Stanley ✦ | 1.38M | +1.8% | $266.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 96 | Morgan Stanley ✦ | 1.38M | +1.8% | $266.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 97 | Morgan Stanley ✦ | 1.38M | +1.8% | $266.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 98 | Morgan Stanley ✦ | 1.38M | +1.8% | $266.51M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 99 | Ameriprise Financial Inc | 1.27M | — | $244.76M | 0.1% | n/c | 1 | SEC ↗ |
| 100 | Ameriprise Financial Inc | 1.27M | — | $244.76M | 0.1% | n/c | 1 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| Norges Bank | $302.77M | 0.0% |
Exited
| Wellington Management | $24.59M | 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.
Frequently co-owned
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)
Aug 17
Krouse George R Jr
Director · 300 sh · $54,802
Awards, exercises and tax withholding are never counted as buys or sales here. Methodology
Provenance: Ownership from parsed 13F common-stock positions (tracked universe, comparable sets for changes); insider rows from Forms 3/4/5; stakes from Schedules 13D/13G; every filing links to its original on SEC EDGAR.
Reporting period: Q4 2025 ·
Methodology ·
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