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Twin Securities Portfolio holdings
AUM
$206M
1-Year Est. Return
77.79%
This Fund
S&P 500
This Quarter
Est. Return
+7.3%
1 Year Est. Return
+77.79%
3 Year Est. Return
+466.97%
5 Year Est. Return
+1,667.28%
10 Year Est. Return
+13,530.48%
AUM
$611M
AUM Growth
+$71.7M
(+13%)
Cap. Flow
+$45.8M
Cap. Flow
% of AUM
7.49%
Top 10 Holdings %
Top 10 Hldgs %
79.76%
Holding
38
New
10
Increased
14
Reduced
3
Closed
11
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Perrigo
PRGO
|
+$39.8M |
| 2 |
AKRX
Akorn Inc
AKRX
|
+$35.3M |
| 3 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$31.4M |
| 4 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$23.7M |
| 5 |
JAH
JARDEN CORPORATION
JAH
|
+$14.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ALTR
Altera Corp
ALTR
|
+$101M |
| 2 |
Viatris
VTRS
|
+$19.9M |
| 3 |
KYTH
KYTHERA BIOPHARMACEUTICALS, INC COM
KYTH
|
+$14.4M |
| 4 |
Humana
HUM
|
+$11.6M |
| 5 |
Williams Companies
WMB
|
+$8.48M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 17.43% |
| 2 | Communication Services | 17.37% |
| 3 | Industrials | 17.06% |
| 4 | Technology | 8.56% |
| 5 | Energy | 2.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Pfizer
PFE
$140B
| $1.13M | 0.18% |
36,890
+4,954
| +16% | +$156K |
|
27
Liberty Media Series C
FWONK
$24.3B
| $571K | 0.09% |
+21,192
| New | +$574K |
|
28
Genworth Financial
GNW
$3.8B
| – | – |
-170,000
| Closed | -$785K |
|
|
29
Humana
HUM
$46.7B
| – | – |
-64,619
| Closed | -$11.6M |
|
30
CALL
Kraft Heinz
KHC
$30.4B
| – | – |
-31,400
| Closed | -$2.21M |
|
|
31
CALL
Perrigo
PRGO
$1.4B
| – | – |
-110,900
| Closed | -$17.4M |
|
32
PUT
AT&T
T
$165B
| – | – |
-80,234
| Closed | -$1.97M |
|
|
33
Viatris
VTRS
$20.1B
| – | – |
-494,355
| Closed | -$19.9M |
|
|
34
Williams Companies
WMB
$90.5B
| – | – |
-230,000
| Closed | -$8.48M |
|
|
EMC
35
CALL
DELISTED
EMC CORPORATION
EMC
| – | – |
-30,000
| Closed | -$725K |
|
|
BDBD
36
DELISTED
BOULDER BRANDS INC
BDBD
| – | – |
-24,615
| Closed | -$201K |
|
|
ALTR
37
DELISTED
Altera Corp
ALTR
| – | – |
-2,017,378
| Closed | -$101M |
|
|
KYTH
38
DELISTED
KYTHERA BIOPHARMACEUTICALS, INC COM
KYTH
| – | – |
-191,792
| Closed | -$14.4M |
|
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Twin Securities's Q4 2015 Portfolio in Review
As of Q4 2015, Twin Securities held 38 positions worth $611M, up 13% from $540M the previous quarter. Its ten largest holdings account for 80% of the portfolio.
Twin Securities deployed $45.8M of net new capital in Q4 2015, opening 10 new positions and adding to 14 existing holdings. Its largest new stake was JARDEN CORPORATION: 298,300 shares worth $17M.
By sector, the portfolio is most concentrated in Healthcare at 17% of assets, up from 16% a quarter earlier, followed by Communication Services and Industrials.
On the sell side, the largest reduction was Allergan plc, an estimated $3.35M trimmed.
- Twin Securities's largest Q4 2015 buy was JARDEN CORPORATION: 298,300 shares worth $17M.
- Twin Securities added most to Perrigo in Q4 2015, an estimated $39.8M increase.
- Twin Securities's biggest Q4 2015 reduction was Allergan plc, cutting an estimated $3.35M.
- Twin Securities fully exited Altera Corp in Q4 2015, selling an estimated $101M.
- Twin Securities's ten largest holdings make up 80% of its $611M portfolio in Q4 2015.
- Twin Securities opened 10 new positions and closed 11 in Q4 2015.
- Twin Securities's portfolio value rose 13% quarter-over-quarter to $611M.
Based on Twin Securities's 13F filing for Q4 2015, filed 16 Feb 2016.