We are live on ! Find out more
TS

Twin Securities Portfolio holdings

AUM $223M
1-Year Est. Return 91.15%
This Fund
S&P 500
This Quarter Est. Return
-1.48%
1 Year Est. Return
+91.15%
3 Year Est. Return
+506.28%
5 Year Est. Return
+1,602.72%
10 Year Est. Return
+13,240.38%
AUM
$529M
AUM Growth
-$53.8M
Cap. Flow
-$47.9M
Cap. Flow %
-9.07%
Top 10 Hldgs %
92.08%
Holding
27
New
7
Increased
6
Reduced
4
Closed
10

Top Buys

Rank Stock Value
1
VER
VEREIT, Inc.
VER
+$43.4M
2
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$36.7M
3
AGN
Allergan plc
AGN
+$36M
4
THI
TIM HORTONS INC COM, CANADA
THI
+$23.9M
5
LAMR icon
Lamar Advertising Co
LAMR
+$15.6M

Top Sells

Rank Stock Value
1
FRX
FOREST LABORATORIES INC
FRX
+$93.1M
2
AZN icon
AstraZeneca
AZN
+$32.7M
3
MCK icon
McKesson
MCK
+$22.2M
4
IPG
Interpublic Group of Companies
IPG
+$16.4M
5
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
+$14.3M

Sector Composition

Rank Sector Weight
1 Real Estate 38.07%
2 Miscellaneous 18.15%
3 Healthcare 14.23%
4 Industrials 9.35%
5 Communication Services 7.4%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FRX
26
DELISTED
FOREST LABORATORIES INC
FRX
– –
-940,610
Closed -$93.1M
LNCO
27
DELISTED
LINNCO LLC COM SHS REPSTG LTD LIABILITY
LNCO
– –
-352,316
Closed -$11M
1
2

Similar funds

NWMP
Noble Wealth Management PBC Greenwood Village, Colorado $223M AUM 16.47% 1-Year Est. Return
SPAS
Spectrum Planning & Advisory Services San Diego, California $223M AUM 17.29% 1-Year Est. Return
PCM
Pointe Capital Management Grosse Pointe Farms, Michigan $223M AUM 17.12% 1-Year Est. Return
CRC
Catawba River Capital Lake Wylie, South Carolina $223M AUM 24.34% 1-Year Est. Return
SONJCPFA
State of New Jersey Common Pension Fund A Trenton, New Jersey $223M AUM 26.5% 1-Year Est. Return
GCM
Goanna Capital Management West Palm Beach, Florida $224M AUM
OWG
Oxford Wealth Group Orlando, Florida $224M AUM
CCM
Capstone Capital Management Hong Kong $224M AUM

Twin Securities's Q3 2014 Portfolio in Review

As of Q3 2014, Twin Securities held 27 positions worth $529M, down 9.2% from $582M the previous quarter. Its ten largest holdings account for 92% of the portfolio.

Twin Securities withdrew a net $47.9M in Q3 2014, closing 10 positions and reducing 4 holdings. Its most notable exit was FOREST LABORATORIES INC, an estimated $93.1M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 38% of assets, up from 26% a quarter earlier, followed by Miscellaneous and Healthcare.

Against the trend, Twin Securities opened a new position in Allergan plc worth $38.8M.

  • Twin Securities's largest Q3 2014 buy was Allergan plc: 160,935 shares worth $38.8M.
  • Twin Securities added most to VEREIT, Inc. in Q3 2014, an estimated $43.4M increase.
  • Twin Securities's biggest Q3 2014 reduction was COVIDIEN PLC COM SHS NEW (IRELAND), cutting an estimated $14.3M.
  • Twin Securities fully exited FOREST LABORATORIES INC in Q3 2014, selling an estimated $93.1M.
  • Twin Securities's ten largest holdings make up 92% of its $529M portfolio in Q3 2014.
  • Twin Securities opened 7 new positions and closed 10 in Q3 2014.
  • Twin Securities's portfolio value fell 9.2% quarter-over-quarter to $529M.

Based on Twin Securities's 13F filing for Q3 2014, filed 13 Nov 2014.