Supply breakdown
Shares as of Jul 28, 2026| Category | Shares | % | Value | Status |
|---|---|---|---|---|
| Circulating | 106.09M | 100.0% | $18.72B | Estimated |
| Free float | - | - | - | Unavailable |
| Insider-held, unrestricted | - | - | - | Unavailable |
| Locked team funds | - | - | - | Unavailable |
| Other restricted (unlisted classes only) | - | - | - | Unavailable |
| Total outstanding | 106.09M | 100.0% | $18.72B | Verified |
| Ownership views (overlap the categories above, never added) | ||||
| Institutional holdings (13F) | 104.94M | 98.9% | $18.52B | Estimated |
| Insider-held, all (Forms 3, 4, 5) | - | - | - | Unavailable |
Institutional and insider holdings can include both tradable and locked shares, so they are shown for reference and never added to the total. Check: no class has more shares deducted than it has outstanding, and the review found no shares that may be counted twice: reconciles.
Valuation
- Traditional$18.72B
- Fully diluted$18.75B
- Circulating$18.72B
- Free float-
- Locked team value$0
- Other restricted value$0
Locked and restricted shares
Not reviewed yet.
Institutional holders
13F, quarter ended Jun 30, 2026| Holder | Shares | % of total |
|---|---|---|
| Dodge & Cox | 12.32M | 11.62% |
| BlackRock, Inc. | 10.14M | 9.56% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 9.82M | 9.25% |
| VANGUARD CAPITAL MANAGEMENT LLC | 6.94M | 6.54% |
| STATE STREET CORP | 5.12M | 4.83% |
| COHEN & STEERS, INC. | 3.25M | 3.06% |
| GEODE CAPITAL MANAGEMENT, LLC | 3.18M | 2.99% |
| JPMORGAN CHASE & CO | 2.71M | 2.55% |
| Invesco Ltd. | 1.93M | 1.82% |
| DEUTSCHE BANK AG\ | 1.81M | 1.71% |
Sum of long share positions in Form 13F reports for the quarter. 13F covers managers with over $100M in US equities; some positions are reported by more than one filer.
Insiders
Forms 3, 4 and 5Form 4 aggregation pending
Share classes
| Class | Listing | Shares outstanding | As of |
|---|---|---|---|
| Class A | SBAC on Nasdaq | 106,088,110 | Jul 28, 2026 |
Notes and sources
- SBA COMMUNICATIONS CORP 10-Q for period ended 2026-06-30, Cover page (0001034054-26-000011)
- SEC public float (non-affiliates): $25.10B as of Jun 30, 2025, from the 10-K cover. It is a dollar value at a past date, not circulating supply.