DaveManuel.com · Institutional Ownership · Who Owns It
SBA COMMUNICATIONS CORP (SBAC)
Institutional ownership reported to the SEC as of Q2 2026, across 32 quarters.
688
Reporting holders
$18.7B
Reported value
99.0%
Of shares outstanding
0.7%
Calls
0.2%
Puts
+17
Holder change
Institutions report 105,067,338 shares against 106,088,110 outstanding. Shares only - option lines are excluded, which is why this can be compared with the company at all. The count comes from the cover page of the company's own most recent report, so it is dated when that was filed rather than at quarter end. A figure this high can overstate: where an adviser and a sub-adviser both report the same shares, both are counted.
Calls and puts are the parts of reported value carried in derivative lines rather than shares, and they point in opposite directions: a manager holding calls is positioned for the security, one holding puts against it - or hedging shares they already own, which is why index funds carry so many. Most sites add the two together and report one figure, which averages away the only interesting part.
Holders
| Filer | Value | Shares | Their book | Held | Change |
|---|---|---|---|---|---|
| Dodge & Cox | $2.2B | 12,323,254 | 1.14% | 8q | +2.0%+$42.9M |
| BlackRock, Inc. | $1.8B | 10,138,749 | 0.03% | 8q | HELD |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1.7B | 9,817,059 | 0.08% | 2q | +1.1%+$19.6M |
| VANGUARD CAPITAL MANAGEMENT LLC | $1.2B | 6,936,972 | 0.03% | 2q | HELD |
| STATE STREET CORP | $903.3M | 5,119,264 | 0.03% | 31q | +3.2%+$27.8M |
| COHEN & STEERS, INC. | $573.1M | 3,247,729 | 0.91% | 31q | +3.7%+$20.2M |
| GEODE CAPITAL MANAGEMENT, LLC | $558.4M | 3,175,913 | 0.03% | 31q | +0.8%+$4.6M |
| JPMORGAN CHASE & CO | $485.9M | 2,707,005 | 0.03% | 31q | -30.8%-$216.5M |
| Invesco Ltd. | $341.4M | 1,934,968 | 0.03% | 31q | -1.5%-$5.1M |
| DEUTSCHE BANK AG\ | $319.8M | 1,812,200 | 0.09% | 34q | +278.2%+$235.2M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $301.8M | 1,710,278 | 0.04% | 31q | +8.4%+$23.4M |
| DIMENSIONAL FUND ADVISORS LP | $284.3M | 1,611,278 | 0.05% | 31q | HELD |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $276.8M | 1,568,367 | 0.12% | 10q | -2.9%-$8.2M |
| NORGES BANK | $261.8M | 1,483,684 | 0.03% | 32q | -5.2%-$14.4M |
| Legal & General Group Plc | $252.0M | 1,428,343 | 0.05% | 31q | -5.3%-$14.0M |
| Long Pond Capital, LP | $245.1M incl. $86.5M options CALL | 898,715 | 23.56% | 2q | HELD |
| CITADEL ADVISORS LLC | $244.0M incl. $15.9M options CALL+PUT | 1,292,825 | 0.03% | 31q | +218.9%+$167.5M |
| Diamond Hill Capital Management, LLC (Investment Advisor) | $228.4M | 1,294,155 | 1.83% | 22q | -33.1%-$113.0M |
| NORDEA INVESTMENT MANAGEMENT AB | $228.3M | 1,299,681 | 0.19% | 31q | +2.7%+$6.0M |
| MORGAN STANLEY | $225.3M | 1,276,825 | 0.01% | 35q | +14.3%+$28.2M |
| PRINCIPAL FINANCIAL GROUP INC | $203.3M | 1,152,311 | 0.10% | 31q | +722.7%+$178.6M |
| FMR LLC | $182.4M | 1,033,501 | 0.01% | 31q | +46.3%+$57.7M |
| NORTHERN TRUST CORP | $175.6M | 995,233 | 0.02% | 31q | +1.2%+$2.1M |
| Alyeska Investment Group, L.P. | $175.1M | 992,057 | 0.45% | new | NEW |
| CANADA PENSION PLAN INVESTMENT BOARD | $160.2M | 907,828 | 0.09% | 31q | HELD |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | $158.9M | 900,762 | 0.03% | 31q | -2.8%-$4.5M |
| GOLDMAN SACHS GROUP INC | $154.0M | 872,692 | 0.01% | 31q | -7.6%-$12.6M |
| Mitsubishi UFJ Trust & Banking Corp | $144.8M | 820,824 | 0.32% | 31q | -23.6%-$44.8M |
| BANK OF AMERICA CORP /DE/ | $140.4M | 795,612 | 0.01% | 31q | -20.9%-$37.0M |
| EARNEST PARTNERS LLC | $135.5M | 767,973 | 0.49% | 31q | -2.1%-$2.8M |
| UBS Group AG | $133.7M incl. $1.4M options CALL | 749,729 | 0.02% | 31q | -15.5%-$24.5M |
| MILLENNIUM MANAGEMENT LLC | $133.5M incl. $10.0M options CALL+PUT | 699,701 | 0.05% | 31q | +382.5%+$105.8M |
| Nuveen, LLC | $108.4M | 614,493 | 0.03% | 6q | +162.0%+$67.0M |
| Amundi | $105.8M | 599,571 | 0.03% | 21q | -13.9%-$17.1M |
| VANGUARD FIDUCIARY TRUST CO | $105.1M | 595,442 | 0.02% | 2q | -0.7%-$694.0K |
| SEI INVESTMENTS CO | $104.4M | 591,794 | 0.09% | 31q | -11.9%-$14.2M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $102.2M | 579,337 | 0.12% | 9q | +71.1%+$42.5M |
| Permit Capital, LLC | $101.5M | 575,312 | 28.41% | 31q | HELD |
| ATLAS Infrastructure Partners (UK) Ltd. | $94.0M | 532,422 | 2.85% | 2q | -48.5%-$88.6M |
| Bank of New York Mellon Corp | $93.4M | 529,263 | 0.02% | 31q | -2.9%-$2.7M |
| Russell Investments Group, Ltd. | $82.2M | 465,761 | 0.07% | 31q | +63.1%+$31.8M |
| RUSH ISLAND MANAGEMENT, LP | $80.5M | 456,290 | 5.34% | 6q | -53.4%-$92.1M |
| AQR CAPITAL MANAGEMENT LLC | $72.3M | 413,296 | 0.03% | 31q | +168.5%+$45.4M |
| Woodline Partners LP | $65.6M | 372,032 | 0.20% | 3q | -51.4%-$69.4M |
| GRS Advisors, LLC | $65.1M | 368,869 | 5.50% | 8q | +85.0%+$29.9M |
| Quantinno Capital Management LP | $61.5M | 348,491 | 0.07% | 19q | +54.7%+$21.7M |
| CI INVESTMENTS INC. | $61.2M | 346,801 | 0.20% | 31q | +0.9%+$532.7K |
| REAVES W H & CO INC | $56.9M | 322,464 | 0.86% | 31q | HELD |
| DigitalBridge Group, Inc. | $56.5M | 320,258 | 3.38% | 11q | -45.1%-$46.4M |
| Swiss National Bank | $52.6M | 298,300 | 0.03% | 31q | -4.6%-$2.5M |
| AMERIPRISE FINANCIAL INC | $50.7M | 287,362 | 0.01% | 31q | -71.6%-$127.6M |
| PRICE T ROWE ASSOCIATES INC /MD/ | $48.5M | 274,868 | 0.00% | 31q | +76.4%+$21.0M |
| BNP PARIBAS FINANCIAL MARKETS | $46.9M | 265,613 | 0.02% | 31q | +1.0%+$484.9K |
| Mitsubishi UFJ Asset Management Co., Ltd. | $46.5M | 263,443 | 0.03% | 31q | +10.2%+$4.3M |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $44.8M | 254,001 | 0.22% | 31q | -5.1%-$2.4M |
| BARCLAYS PLC | $43.1M | 244,401 | 0.01% | 31q | -26.7%-$15.7M |
| Aberdeen Group plc | $40.9M | 232,045 | 0.06% | 31q | +10.2%+$3.8M |
| RHUMBLINE ADVISERS | $40.9M | 231,837 | 0.03% | 31q | -2.0%-$841.0K |
| Vanguard Global Advisers, LLC | $40.3M | 228,484 | 0.02% | 2q | -2.0%-$823.2K |
| BRISTOL JOHN W & CO INC /NY/ | $40.3M | 228,211 | 0.60% | 12q | -41.1%-$28.1M |
| CITIGROUP INC | $40.3M | 228,209 | 0.01% | 31q | +13.3%+$4.7M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $38.0M incl. $35.6M options CALL+PUT | 13,663 | 0.00% | 31q | -83.1%-$187.4M |
| VANGUARD ASSET MANAGEMENT, Ltd | $36.2M | 205,420 | 0.02% | 2q | +11.3%+$3.7M |
| HSBC HOLDINGS PLC | $35.7M | 202,146 | 0.01% | 31q | +14.8%+$4.6M |
| NEUBERGER BERMAN GROUP LLC | $35.2M | 199,390 | 0.02% | 31q | -11.7%-$4.7M |
| Jain Global LLC | $34.8M | 196,942 | 0.14% | new | NEW |
| Sumitomo Mitsui Trust Group, Inc. | $33.9M | 191,959 | 0.02% | 31q | -5.0%-$1.8M |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $33.8M | 191,631 | 0.05% | 10q | -8.4%-$3.1M |
| Qube Research & Technologies Ltd | $33.3M | 188,930 | 0.03% | 2q | -66.0%-$64.9M |
| Clearbridge Investments, LLC | $32.8M | 185,696 | 0.03% | 31q | -6.9%-$2.4M |
| HRT FINANCIAL LP | $32.5M incl. $19.6M options OPT | 184,062 | 0.06% | new | NEW |
| Ilex Capital Partners (UK) LLP | $30.7M | 173,986 | 0.63% | 2q | +153.7%+$18.6M |
| BOOTHBAY FUND MANAGEMENT, LLC | $29.3M | 165,975 | 0.39% | 15q | -3.5%-$1.1M |
| ROYAL BANK OF CANADA | $27.7M | 156,714 | 0.00% | 31q | +35.3%+$7.2M |
| CANADA LIFE ASSURANCE Co | $27.1M | 153,769 | 0.04% | 31q | +5.0%+$1.3M |
| SORA INVESTORS LLC | $26.1M | 147,995 | 2.00% | 4q | +88.4%+$12.3M |
| SG Americas Securities, LLC | $26.0M | 147,152 | 0.01% | 17q | -68.7%-$57.0M |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $25.9M | 147,041 | 0.02% | 31q | -13.7%-$4.1M |
| California Public Employees Retirement System | $24.5M | 138,815 | 0.01% | 31q | -43.3%-$18.7M |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $23.2M | 131,116 | 0.04% | 7q | +93.6%+$11.2M |
| Partners Group Holding AG | $22.4M | 127,069 | 1.53% | 12q | -8.2%-$2.0M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | $21.7M | 123,238 | 0.02% | 31q | +33.7%+$5.5M |
| FEDERATED HERMES, INC. | $21.5M | 121,592 | 0.03% | 31q | -7.1%-$1.6M |
| BANK OF MONTREAL /CAN/ | $21.4M | 121,303 | 0.01% | 31q | +24.6%+$4.2M |
| WELLS FARGO & COMPANY/MN | $21.4M | 121,175 | 0.00% | 31q | -7.8%-$1.8M |
| NATIXIS ADVISORS, LLC | $21.2M | 120,142 | 0.02% | 31q | +20.4%+$3.6M |
| Magellan Asset Management Ltd | $20.5M | 115,963 | 0.46% | 31q | +2.9%+$571.9K |
| Benchstone Capital Management LP | $20.1M | 113,856 | 2.43% | new | NEW |
| TUDOR INVESTMENT CORP ET AL | $19.4M incl. $1.0M options CALL | 103,921 | 0.03% | 4q | -35.1%-$10.5M |
| UniSuper Management Pty Ltd | $19.4M | 109,689 | 0.10% | 13q | -2.7%-$540.5K |
| Skylands Capital, LLC | $19.2M | 108,880 | 2.36% | 31q | -4.3%-$859.4K |
| Vanguard Investments Australia, Ltd. | $19.1M | 108,279 | 0.05% | 2q | +1.1%+$212.3K |
| Maryland State Retirement & Pension System | $18.7M | 105,785 | 0.32% | 15q | +4.3%+$774.1K |
| AVIVA PLC | $18.3M | 103,799 | 0.03% | 31q | HELD |
| ENVESTNET ASSET MANAGEMENT INC | $18.2M | 102,953 | 0.00% | 31q | -4.3%-$817.0K |
| JONES FINANCIAL COMPANIES LLLP | $18.1M | 98,412 | 0.01% | 12q | +3.5%+$606.2K |
| ALLIANCEBERNSTEIN L.P. | $18.1M | 104,930 | 0.01% | 31q | -2.2%-$407.9K |
| KETTLE HILL CAPITAL MANAGEMENT, LLC | $17.8M | 101,128 | 4.39% | 2q | +456.7%+$14.6M |
| Pacer Advisors, Inc. | $17.0M | 96,099 | 0.04% | 31q | +4.6%+$739.6K |
| OMERS ADMINISTRATION Corp | $16.0M | 90,741 | 0.10% | 9q | +1676.4%+$15.1M |
Showing the largest 100 of 688 reported holders.
Quarter by quarter
Coverage begins with the quarter ending 2018-12-31. Earlier filings exist only as occasional late amendments, too sparse to describe a market, so they are not shown.
| Quarter | Holders | Value | Shares | New | Added | Trimmed | Options |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 182 | $358.3M | 2,236,127 | 24 | 69 | 49 | 0.0% |
| Q2 2026 | 688 | $18.7B | 105,067,338 | 85 | 249 | 236 | 1.0% |
| Q1 2026 | 671 | $17.8B | 102,494,758 | 83 | 214 | 255 | 0.7% |
| Q4 2025 | 690 | $20.0B | 103,469,655 | 73 | 223 | 252 | 0.2% |
| Q3 2025 | 684 | $20.8B | 107,154,959 | 91 | 204 | 278 | 0.4% |
| Q2 2025 | 715 | $25.0B | 106,315,268 | 91 | 278 | 213 | 0.3% |
| Q1 2025 | 700 | $23.9B | 108,371,074 | 101 | 253 | 231 | 0.3% |
| Q4 2024 | 671 | $21.9B | 106,948,565 | 54 | 251 | 230 | 0.3% |
| Q3 2024 | 689 | $26.0B | 107,959,542 | 88 | 238 | 240 | 0.3% |
| Q2 2024 | 649 | $22.3B | 104,788,157 | 60 | 236 | 250 | 7.7% |
| Q1 2024 | 673 | $23.8B | 109,370,167 | 63 | 249 | 250 | 0.6% |
| Q4 2023 | 711 | $27.9B | 109,733,823 | 94 | 238 | 221 | 0.4% |
| Q3 2023 | 637 | $20.8B | 103,224,159 | 49 | 241 | 237 | 0.5% |
| Q2 2023 | 670 | $23.7B | 101,634,535 | 56 | 256 | 237 | 0.6% |
| Q1 2023 | 692 | $27.0B | 103,412,307 | 71 | 260 | 216 | 0.3% |
| Q4 2022 | 696 | $28.6B | 102,050,394 | 73 | 219 | 271 | 0.1% |
| Q3 2022 | 640 | $51.6B | 181,141,789 | 49 | 194 | 240 | 0.0% |
| Q2 2022 | 663 | $63.0B | 196,823,644 | 65 | 227 | 226 | 0.0% |
| Q1 2022 | 664 | $65.6B | 190,686,922 | 57 | 228 | 238 | 0.1% |
| Q4 2021 | 689 | $71.6B | 183,792,907 | 87 | 215 | 223 | 0.2% |
| Q3 2021 | 630 | $57.4B | 173,382,576 | 55 | 202 | 215 | 0.2% |
| Q2 2021 | 621 | $55.3B | 173,217,704 | 75 | 224 | 195 | 0.2% |
| Q1 2021 | 594 | $54.4B | 195,875,083 | 55 | 224 | 205 | 0.2% |
| Q4 2020 | 632 | $42.6B | 150,442,763 | 55 | 206 | 220 | 0.2% |
| Q3 2020 | 630 | $53.3B | 167,272,566 | 52 | 211 | 226 | 0.2% |
| Q2 2020 | 642 | $54.9B | 183,966,646 | 90 | 217 | 234 | 0.2% |
| Q1 2020 | 599 | $53.4B | 197,508,740 | 95 | 191 | 215 | 0.2% |
| Q4 2019 | 574 | $39.5B | 163,635,641 | 57 | 196 | 184 | 0.3% |
| Q3 2019 | 562 | $34.0B | 140,623,027 | 82 | 187 | 186 | 0.4% |
| Q2 2019 | 530 | $32.4B | 142,886,772 | 54 | 185 | 185 | 1.0% |
| Q1 2019 | 534 | $28.4B | 140,266,203 | 64 | 175 | 185 | 1.4% |
| Q4 2018 | 516 | $27.4B | 168,069,068 | 10 | 10 | 7 | 0.7% |