SecuritySBAC / SBA Communications Corp.
InstitutionTwo Sigma Securities, Llc
Shares4,101
Value $ 701,000
Related 78388JAM8 / SBA Communications Corp. Bond

Two Sigma Securities, Llc ownership in SBAC / SBA Communications Corp.

May 15, 2018 - Two Sigma Securities, Llc has filed a 13F-HR form disclosing ownership of 4,101 shares of SBA Communications Corp. (NASDAQ:SBAC) with total holdings valued at $701,000 USD as of March 31, 2018. Two Sigma Securities, Llc had filed a previous 13F-HR on February 14, 2018 disclosing 0 shares of SBA Communications Corp. at a value of $0 USD.

Two Sigma Securities, Llc has a history of taking positions in derivatives of the underlying security (SBAC) in the form of stock options. The firm currently holds 9,000 call options valued at $1,538,000 USD and 10,700 put options valued at $1,829,000 USD .

Other investors with positions similar to Two Sigma Securities, Llc include LS Investment Advisors, LLC, Partners Capital Investment Group Llc, Atria Investments Llc, Cypress Capital Group, Friedberg Investment Management, and HighTower Advisors, LLC.

SBA Communications Corp. has declared a standard industrial code (sic) of 4899 which is the "Communications Services, Not Elsewhere Classified" industry. Two Sigma Securities, Llc's top industries are "Agricultural Services" (sic 07), "Heavy Construction Other Than Building Construction Contractors" (sic 16), and "Construction Special Trade Contractors" (sic 17).

13F Filings

The Security, Class, and CUSIP columns 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 and cusips.

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.

Effective
Date
Form Security Class CUSIP Share
Price
Shares Change
(%)
Value
(x1000)
Change
(%)
Cost
(x1000)
Profit
(x1000)
Return
(%)
2018-03-31 13F-HR SBA COMMUNICATIONS CORP CL A 78410G104 4,101 701 701 0
2017-12-31 13F-HR SBA COMMUNICATIONS CORP CL A 78410G104 0 -100.00 0 -100.00 0 0
2017-09-30 13F-HR SBA COMMUNICATIONS CORP CL A 78410G104 2,423 349 349 0
2016-12-31 13F-HR SBA COMMUNICATIONS COM 78388J106 0 -100.00 0 -100.00 0 0
2016-09-30 13F-HR SBA COMMUNICATIONS COM 78388J106 110.02 5,710 71.21 640 77.78 261 19 5.20
2016-06-30 13F-HR SBA COMMUNICATIONS COM 78388J106 3,335 360

Call Options

Effective
Date
Form Security Class CUSIP Opt Share
Price
Shares Change
(%)
Value
(x1000)
Change
(%)
Cost
(x1000)
Profit
(x1000)
Return
(%)
2018-03-31 13F-HR SBA COMMUNICATIONS CORP CL A 78410G104 Call 167.18 9,000 291.30 1,538 309.04 1,120 42 11.14
2017-12-31 13F-HR SBA COMMUNICATIONS CORP CL A 78410G104 Call 153.74 2,300 -23.33 376 -12.96 -108 52 11.95
2017-09-30 13F-HR SBA COMMUNICATIONS CORP CL A 78410G104 Call 3,000 432

Put Options

Effective
Date
Form Security Class CUSIP Opt Share
Price
Shares Change
(%)
Value
(x1000)
Change
(%)
Cost
(x1000)
Profit
(x1000)
Return
(%)
2018-03-31 13F-HR SBA COMMUNICATIONS CORP CL A 78410G104 Put 167.06 10,700 386.36 1,829 409.47 1,420 50 13.93
2017-12-31 13F-HR SBA COMMUNICATIONS CORP CL A 78410G104 Put 2,200 359


CUSIP: 78388J106