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Twin Securities Portfolio holdings
AUM
$223M
1-Year Est. Return
91.15%
This Fund
S&P 500
This Quarter
Est. Return
+0.56%
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
$801M
AUM Growth
+$190M
(+31%)
Cap. Flow
+$153M
Cap. Flow
% of AUM
19.14%
Top 10 Holdings %
Top 10 Hldgs %
82.34%
Holding
42
New
15
Increased
12
Reduced
7
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SNDK
SANDISK CORP
SNDK
|
+$104M |
| 2 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$82M |
| 3 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$56.1M |
| 4 |
ALR
Alere Inc
ALR
|
+$30M |
| 5 |
Humana
HUM
|
+$27.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Perrigo
PRGO
|
+$66.5M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$47.1M |
| 3 |
NCR Voyix
VYX
|
+$35M |
| 4 |
SLH
SOLERA HOLDINGS, INC. COM
SLH
|
+$26.9M |
| 5 |
VER
VEREIT, Inc.
VER
|
+$15.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 35.86% |
| 2 | Miscellaneous | 26.28% |
| 3 | Communication Services | 20.64% |
| 4 | Real Estate | 8.02% |
| 5 | Industrials | 4.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
PUT
Bausch Health
BHC
$2.13B
| $3.29M | 0.41% |
+125,000
| New | +$9.24M |
|
|
27
NCR Voyix
VYX
$982M
| $2.35M | 0.29% |
128,102
-2,442,296
| -95% | -$35M |
|
|
SPLS
28
CALL
DELISTED
Staples Inc
SPLS
| $2.21M | 0.28% |
+200,000
| New | +$1.88M |
|
|
ASRT
29
DELISTED
Assertio
ASRT
| $2.05M | 0.26% |
2,457
+707
| +40% | +$656K |
|
|
30
CALL
Bausch Health
BHC
$2.13B
| $1.97M | 0.25% |
75,000
+55,000
| +275% | +$4.07M |
|
31
Nomad Foods
NOMD
$1.54B
| $1.83M | 0.23% |
+203,482
| New | +$1.71M |
|
|
32
CALL
NCR Voyix
VYX
$982M
| $1.5M | 0.19% |
+81,500
| New | +$1.17M |
|
|
NYRT
33
CALL
DELISTED
New York REIT, Inc.
NYRT
| $1.01M | 0.13% |
+10,000
| New | +$1M |
|
|
CPGX
34
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
| $753K | 0.09% |
+30,000
| New | +$581K |
|
35
Aramark
ARMK
$15.2B
| – | – |
-499,218
| Closed | -$11.6M |
|
36
Liberty Media Series C
FWONK
$23.9B
| – | – |
-21,192
| Closed | -$571K |
|
37
PUT
iShares Russell 2000 ETF
IWM
$76.5B
| – | – |
-50,000
| Closed | -$5.63M |
|
38
Pfizer
PFE
$157B
| – | – |
-36,890
| Closed | -$1.05M |
|
|
39
Perrigo
PRGO
$1.88B
| – | – |
-459,305
| Closed | -$66.5M |
|
|
SLH
40
DELISTED
SOLERA HOLDINGS, INC. COM
SLH
| – | – |
-490,439
| Closed | -$26.9M |
|
|
PCP
41
DELISTED
PRECISION CASTPARTS CORP
PCP
| – | – |
-203,173
| Closed | -$47.1M |
|
|
SPLS
42
DELISTED
Staples Inc
SPLS
| – | – |
-200,000
| Closed | -$1.88M |
|
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Twin Securities's Q1 2016 Portfolio in Review
As of Q1 2016, Twin Securities held 42 positions worth $801M, up 31% from $611M the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Twin Securities deployed $153M of net new capital in Q1 2016, opening 15 new positions and adding to 12 existing holdings. Its largest new stake was SANDISK CORP: 1,447,757 shares worth $110M.
By sector, the portfolio is most concentrated in Healthcare at 36% of assets, up from 35% a quarter earlier, followed by Miscellaneous and Communication Services.
On the sell side, the largest reduction was NCR Voyix, an estimated $35M trimmed.
- Twin Securities's largest Q1 2016 buy was SANDISK CORP: 1,447,757 shares worth $110M.
- Twin Securities added most to BAXALTA INC COM STK (DE) in Q1 2016, an estimated $82M increase.
- Twin Securities's biggest Q1 2016 reduction was NCR Voyix, cutting an estimated $35M.
- Twin Securities fully exited Perrigo in Q1 2016, selling an estimated $66.5M.
- Twin Securities's ten largest holdings make up 82% of its $801M portfolio in Q1 2016.
- Twin Securities opened 15 new positions and closed 8 in Q1 2016.
- Twin Securities's portfolio value rose 31% quarter-over-quarter to $801M.
Based on Twin Securities's 13F filing for Q1 2016, filed 16 May 2016.