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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
+3.88%
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
$574M
AUM Growth
+$19.7M
(+3.6%)
Cap. Flow
+$86.5M
Cap. Flow
% of AUM
15.08%
Top 10 Holdings %
Top 10 Hldgs %
95.51%
Holding
36
New
12
Increased
3
Reduced
5
Closed
16
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LNKD
LinkedIn Corporation
LNKD
|
+$89.8M |
| 2 |
STJ
St Jude Medical
STJ
|
+$59.5M |
| 3 |
YHOO
Yahoo Inc
YHOO
|
+$53.6M |
| 4 |
MON
Monsanto Co
MON
|
+$42.7M |
| 5 |
HTZ
Hertz Global Holdings, Inc.
HTZ
|
+$14.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMC
EMC CORPORATION
EMC
|
+$39.4M |
| 2 |
Humana
HUM
|
+$32.3M |
| 3 |
MDVN
MEDIVATION, INC.
MDVN
|
+$27.8M |
| 4 |
AGN
Allergan plc
AGN
|
+$23.2M |
| 5 |
Herc Holdings
HRI
|
+$16.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 28.67% |
| 2 | Communication Services | 28.42% |
| 3 | Energy | 20.04% |
| 4 | Miscellaneous | 11.55% |
| 5 | Materials | 7.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
CALL
NCR Voyix
VYX
$982M
| – | – |
-81,500
| Closed | -$1.39M |
|
|
VER
27
DELISTED
VEREIT, Inc.
VER
| – | – |
-328,684
| Closed | -$16.7M |
|
|
MNK
28
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| – | – |
-124,829
| Closed | -$7.59M |
|
|
AKRX
29
CALL
DELISTED
Akorn Inc
AKRX
| – | – |
-69,200
| Closed | -$1.97M |
|
|
AGN
30
PUT
DELISTED
Allergan plc
AGN
| – | – |
-150,000
| Closed | -$34.7M |
|
|
NYRT
31
CALL
DELISTED
New York REIT, Inc.
NYRT
| – | – |
-7,000
| Closed | -$648K |
|
|
NYRT
32
DELISTED
New York REIT, Inc.
NYRT
| – | – |
-32,818
| Closed | -$3.04M |
|
|
MON
33
CALL
DELISTED
Monsanto Co
MON
| – | – |
-100,000
| Closed | -$10.3M |
|
|
EMC
34
DELISTED
EMC CORPORATION
EMC
| – | – |
-1,451,549
| Closed | -$39.4M |
|
|
CPGX
35
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
| – | – |
-150,000
| Closed | -$3.82M |
|
|
MDVN
36
DELISTED
MEDIVATION, INC.
MDVN
| – | – |
-460,805
| Closed | -$27.8M |
|
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Twin Securities's Q3 2016 Portfolio in Review
As of Q3 2016, Twin Securities held 36 positions worth $574M, up 3.6% from $554M the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Twin Securities deployed $86.5M of net new capital in Q3 2016, opening 12 new positions and adding to 3 existing holdings. Its largest new stake was St Jude Medical: 737,256 shares worth $58.8M.
By sector, the portfolio is most concentrated in Healthcare at 29% of assets, down from 32% a quarter earlier, followed by Communication Services and Energy.
On the sell side, the largest reduction was Allergan plc, an estimated $23.2M trimmed.
- Twin Securities's largest Q3 2016 buy was St Jude Medical: 737,256 shares worth $58.8M.
- Twin Securities added most to LinkedIn Corporation in Q3 2016, an estimated $89.8M increase.
- Twin Securities's biggest Q3 2016 reduction was Allergan plc, cutting an estimated $23.2M.
- Twin Securities fully exited EMC CORPORATION in Q3 2016, selling an estimated $39.4M.
- Twin Securities's ten largest holdings make up 96% of its $574M portfolio in Q3 2016.
- Twin Securities opened 12 new positions and closed 16 in Q3 2016.
- Twin Securities's portfolio value rose 3.6% quarter-over-quarter to $574M.
Based on Twin Securities's 13F filing for Q3 2016, filed 14 Nov 2016.