SBA Communications Corporation
SBA Communications Corporation (SBAC) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · SBAC · as of Sep 30, 2025
Ownership Breakdown
699
Institutional Holders
▼ 25 vs Q2
$19.75B
Total Inst. Value
▼ $5.29B vs Q2
106.06M
Shares Outstanding
freeFloat 99.25%
102.19M
13F Shares Held
▼ 4.48M vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
SBAC largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
VANGUARD GROUP INC real estate investment trusts | 18.16M | 16.81% | 16.81% | $3.51T | Nov 7, 2025 | ▲ 403.3K |
BLACKROCK, INC. real estate investment trusts | 10.01M | 9.27% | 9.27% | $1.94T | Nov 12, 2025 | ▲ 179.5K |
DODGE & COX real estate investment trusts | 9.67M | 8.95% | 8.95% | $1.87T | Nov 13, 2025 | ▲ 1.06M |
JPMORGAN CHASE & CO real estate investment trusts | 4.96M | 4.59% | 4.59% | $958.56B | Nov 26, 2025 | ▼ 563.2K |
STATE STREET CORP real estate investment trusts | 4.75M | 4.40% | 4.40% | $918.97B | Nov 14, 2025 | ▲ 139.7K |
COHEN & STEERS, INC. real estate investment trusts | 3.78M | 3.50% | 3.50% | $731.16B | Nov 14, 2025 | ▼ 1.26M |
GEODE CAPITAL MANAGEMENT, LLC real estate investment trusts | 3.07M | 2.84% | 2.84% | $591.20B | Nov 12, 2025 | ▲ 34.8K |
DEUTSCHE BANK AG\ real estate investment trusts | 1.93M | 1.79% | 1.79% | $373.44B | Nov 13, 2025 | ▲ 268.1K |
DIAMOND HILL CAPITAL MANAGEMENT INC real estate investment trusts | 1.86M | 1.72% | 1.72% | $358.73B | Nov 5, 2025 | ▲ 366.5K |
INVESCO LTD. real estate investment trusts | 1.81M | 1.67% | 1.67% | $349.07B | Nov 13, 2025 | ▲ 231.8K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
27
Increased
+6.37M shares1
New Positions
first time holders21
Decreased
−4.28M shares0
Sold Out
fully exitedNet shares change (top 50)
+2.09M
+6.37M / −4.28M
Net new holders
+7
1 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
SBAC insider trading · insider activity
Source: SEC Form 4
31
Buy transactions
41
Sell transactions
0.76
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
BERNSTEIN STEVEN E director | May 22, 2026 | Award | 1,108 | — | — | 1.1K | Form 4 ↗ |
STOOPS JEFFREY CHAIRMAN | May 22, 2026 | Award | 1,108 | — | — | 1.1K | Form 4 ↗ |
Wilson Amy E director | May 22, 2026 | Award | 1,108 | — | — | 1.1K | Form 4 ↗ |
BOWEN LAURIE director | May 22, 2026 | Award | 1,108 | — | — | 1.1K | Form 4 ↗ |
Johnson Jay LeCoryelle director | May 22, 2026 | Award | 1,108 | — | — | 1.1K | Form 4 ↗ |
Chan Mary S director | May 22, 2026 | Award | 1,108 | — | — | 1.1K | Form 4 ↗ |
BEEBE KEVIN L director | May 22, 2026 | Award | 1,108 | — | — | 1.1K | Form 4 ↗ |
Krouse George R Jr director | May 22, 2026 | Award | 1,108 | — | — | 1.1K | Form 4 ↗ |
LANGER JACK director | May 22, 2026 | Award | 1,108 | — | — | 1.1K | Form 4 ↗ |
Krouse George R Jr director | May 13, 2026 | Tax Withhold | 500 | $213.61 | $106.8K | 8.8K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
SBA Communications Corporation (SBAC) is primarily owned by institutional investors, who hold approximately 96.3% of total shares outstanding. Company insiders own approximately 0.75%, while retail and public investors account for the remaining 2.91%.
The largest institutional shareholder of SBA Communications Corporation is VANGUARD GROUP INC, holding approximately 18.16 million shares — equal to 16.81% of outstanding shares — as of September 30, 2025.
A total of 699 institutional investors currently hold SBAC stock, with a combined institutional value of approximately $19.75 billion as of the most recent 13F filing period.
Frequently asked questions
SBAC ownershipSBA Communications Corporation (SBAC) is primarily owned by institutional investors, who hold approximately 96.3% of shares. The largest shareholder is VANGUARD GROUP INC with a 16.81% stake. Company insiders hold 0.75%. Data sourced from SEC Form 13F as of September 30, 2025.