SBA Communications Corporation
US ˙ NasdaqGS ˙ US78410G1040

SecuritySBAC / SBA Communications Corporation
InstitutionSynovus Financial Corp
Latest Disclosed Ownership13,163 shares
Latest Disclosed Value $ 2,545,189
Synovus Financial Corp reports 0.39% decrease in ownership of SBAC / SBA Communications Corporation

On November 7, 2025 - Synovus Financial Corp filed a 13F-HR form disclosing ownership of 13,163 shares of SBA Communications Corporation (US:SBAC) valued at $2,545,066 USD as of September 30, 2025. The entity filed a previous 13F-HR on August 14, 2025 disclosing 13,214 shares of SBA Communications Corporation. This represents a change in shares of -0.39% during the quarter. The current value of the position is $2,738,167 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2025-11-07 2025-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 13,163 -51 -0.39 2,545 -17.98 0.0291
2025-08-14 2025-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 13,214 -2,268 -14.65 3,103 -8.90 0.0380
2025-05-14 2025-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 15,482 2,269 17.17 3,406 26.48 0.0441
2025-02-13 2024-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 13,213 -9 -0.07 2,693 -15.39 0.0343
2024-11-25 2024-09-30 13F/A-1 SBA COMMUNICATIONS CORP CL A 78410G104 13,222 1,522 13.01 3,183 38.63 0.0369
2024-11-14 2024-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 13,222 1,522 3,183 0.0190
2024-08-13 2024-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 11,700 104 0.90 2,297 -8.64 0.0303
2024-05-14 2024-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 11,596 200 1.76 2,513 -13.08 0.0327
2024-02-14 2023-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 11,396 27 0.24 2,891 27.08 0.0409
2023-11-13 2023-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 11,369 2,705 31.22 2,276 13.35 0.0260
2023-08-08 2023-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 8,664 -327 -3.64 2,008 -14.49 0.0220
2023-05-11 2023-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 8,991 -849 -8.63 2,347 -14.90 0.0264
2023-02-06 2022-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 9,840 758 8.35 2,758 6.36 0.0315
2022-10-27 2022-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 9,082 175 1.96 2,593 -9.11 0.0317
2022-08-10 2022-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 8,907 200 2.30 2,853 -4.90 0.0335
2022-05-12 2022-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 8,707 356 4.26 3,000 -7.81 0.0318
2022-02-14 2021-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 8,351 62 0.75 3,254 18.50 0.0323
2021-11-08 2021-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 8,289 -765 -8.45 2,746 -4.88 0.0290
2021-08-11 2021-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 9,054 49 0.54 2,887 15.48 0.0285
2021-05-11 2021-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 9,005 1,020 12.77 2,500 11.21 0.0279
2021-02-11 2020-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 7,985 1,880 30.79 2,248 15.22 0.0259
2020-11-09 2020-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,105 284 4.88 1,951 12.51 0.0261
2020-08-10 2020-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,821 -1,638 -21.96 1,734 -13.77 0.0251
2020-04-24 2020-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 7,459 326 4.57 2,011 16.99 0.0281
2020-02-06 2019-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 7,133 450 6.73 1,719 6.84 0.0234
2019-11-01 2019-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,683 -708 -9.58 1,609 -2.72 0.0241
2019-08-08 2019-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 7,391 87 1.19 1,654 13.21 0.0248
2019-05-09 2019-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 7,304 385 5.56 1,461 30.56 0.0237
2019-02-07 2018-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,919 151 2.23 1,119 2.94 0.0203
2018-11-01 2018-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,768 315 4.88 1,087 2.55 0.0172
2018-08-01 2018-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,453 -436 -6.33 1,060 -9.40 0.0177
2018-05-07 2018-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,889 268 4.05 1,170 8.23 0.0198
2018-02-09 2017-12-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,621 791 13.57 1,081 28.84 0.0189
2017-11-13 2017-09-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,830 -775 -11.73 839 -6.05 0.0159
2017-08-09 2017-06-30 13F SBA COMMUNICATIONS CORP CL A 78410G104 6,605 1,562 30.97 893 47.12 0.0179
2017-05-15 2017-03-31 13F SBA COMMUNICATIONS CORP CL A 78410G104 5,043 952 23.27 607 43.84 0.0127
2017-02-10 2016-12-31 13F SBA COMMUNICATIONS COM 78388J106 4,091 799 24.27 422 14.99 0.0096
2016-10-28 2016-09-30 13F SBA COMMUNICATIONS COM 78388J106 3,292 3,292 0.00 367 0.0086
2016-05-09 2016-03-31 13F SBA COMMUNICATIONS COM 78388J106 0 -13 -100.00 0 -100.00
2016-02-08 2015-12-31 13F SBA COMMUNICATIONS COM 78388J106 13 0 0.00 1 0.00 0.0000
2015-11-03 2015-09-30 13F SBA COMMUNICATIONS COM 78388J106 13 13 1 0.0000
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.