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 Mar 31, 2025
Ownership Breakdown
712
Institutional Holders
▲ 33 vs Q4
$23.42B
Total Inst. Value
▲ $1.85B vs Q4
106.06M
Shares Outstanding
freeFloat 99.25%
106.45M
13F Shares Held
▲ 520,961 vs Q4
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
Q1 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
VANGUARD GROUP INC real estate investment trusts | 17.67M | 16.40% | 16.40% | $3.89T | May 9, 2025 | ▲ 268.0K |
BLACKROCK, INC. real estate investment trusts | 10.04M | 9.32% | 9.32% | $2.21T | May 2, 2025 | ▼ 79.4K |
DODGE & COX real estate investment trusts | 8.49M | 7.88% | 7.88% | $1.87T | May 14, 2025 | ▲ 1.14M |
JPMORGAN CHASE & CO real estate investment trusts | 5.97M | 5.54% | 5.54% | $1.31T | May 12, 2025 | ▲ 1.72M |
STATE STREET CORP real estate investment trusts | 4.59M | 4.26% | 4.26% | $1.01T | May 15, 2025 | ▼ 43.8K |
GEODE CAPITAL MANAGEMENT, LLC real estate investment trusts | 3.12M | 2.89% | 2.89% | $683.65B | May 13, 2025 | ▲ 229.8K |
DIAMOND HILL CAPITAL MANAGEMENT INC real estate investment trusts | 2.00M | 1.85% | 1.85% | $439.31B | May 6, 2025 | ▲ 135.7K |
VICTORY CAPITAL MANAGEMENT INC real estate investment trusts | 1.99M | 1.84% | 1.84% | $436.97B | May 2, 2025 | ▲ 204.9K |
COHEN & STEERS, INC. real estate investment trusts | 1.82M | 1.69% | 1.69% | $400.05B | May 15, 2025 | ▼ 64.6K |
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ real estate investment trusts | 1.62M | 1.50% | 1.50% | $356.60B | May 2, 2025 | ▼ 19.9K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q1 2025 vs prior quarter
Q1 2025
23
Increased
+5.74M shares1
New Positions
first time holders26
Decreased
−3.32M shares0
Sold Out
fully exitedNet shares change (top 50)
+2.42M
+5.74M / −3.32M
Net new holders
-2
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 100.0% of total shares outstanding. Company insiders own approximately 0.75%, while retail and public investors account for the remaining 0.00%.
The largest institutional shareholder of SBA Communications Corporation is VANGUARD GROUP INC, holding approximately 17.67 million shares — equal to 16.40% of outstanding shares — as of March 31, 2025.
A total of 712 institutional investors currently hold SBAC stock, with a combined institutional value of approximately $23.42 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 100.0% of shares. The largest shareholder is VANGUARD GROUP INC with a 16.40% stake. Company insiders hold 0.75%. Data sourced from SEC Form 13F as of March 31, 2025.