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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
-1.38%
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
$610M
AUM Growth
+$36M
Cap. Flow
+$61.9M
Cap. Flow %
10.16%
Top 10 Hldgs %
94.77%
Holding
28
New
8
Increased
4
Reduced
3
Closed
11

Top Buys

Rank Stock Value
1
STJ
St Jude Medical
STJ
+$114M
2
NXPI icon
NXP Semiconductors
NXPI
+$67.6M
3
RAI
Reynolds American Inc
RAI
+$46.4M
4
YHOO
Yahoo Inc
YHOO
+$11.3M
5
BRCD
Brocade Communications Systems, Inc. NEW
BRCD
+$9.1M

Top Sells

Rank Stock Value
1
LNKD
LinkedIn Corporation
LNKD
+$163M
2
HTZ
Hertz Global Holdings, Inc.
HTZ
+$12M
3
AGN
Allergan plc
AGN
+$7.26M
4
ESI icon
Element Solutions
ESI
+$3.93M
5
RAD
Rite Aid Corporation
RAD
+$2.69M

Sector Composition

Rank Sector Weight
1 Healthcare 37.13%
2 Energy 18.67%
3 Technology 12.71%
4 Consumer Staples 8.35%
5 Materials 7.53%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AGN
26
DELISTED
Allergan plc
AGN
– –
-35,061
Closed -$7.26M
VA
27
DELISTED
Virgin America Inc.
VA
– –
-47,683
Closed -$2.55M
LNKD
28
DELISTED
LinkedIn Corporation
LNKD
– –
-852,863
Closed -$163M
1
2

Similar funds

ASI
All-Stars Investment Hong Kong $206M AUM 31.57% 1-Year Est. Return
SC
Stance Capital Boston, Massachusetts $206M AUM 22.76% 1-Year Est. Return
LPFG
Landing Point Financial Group Avon, Ohio $206M AUM 15.97% 1-Year Est. Return
AFT
Alpha Family Trust Los Angeles, California $206M AUM 35.6% 1-Year Est. Return
SCM
SOL Capital Management Rockville, Maryland $206M AUM 17.87% 1-Year Est. Return
ACM
Accent Capital Management Centerville, Ohio $206M AUM 29.56% 1-Year Est. Return
SAM
Stenahm Asset Management Guernsey $206M AUM 42.47% 1-Year Est. Return
HM
Harvest Management New York $206M AUM 95.44% 1-Year Est. Return

Twin Securities's Q4 2016 Portfolio in Review

As of Q4 2016, Twin Securities held 28 positions worth $610M, up 6.3% from $574M the previous quarter. Its ten largest holdings account for 95% of the portfolio.

Twin Securities deployed $61.9M of net new capital in Q4 2016, opening 8 new positions and adding to 4 existing holdings. Its largest new stake was NXP Semiconductors: 680,450 shares worth $66.7M.

By sector, the portfolio is most concentrated in Healthcare at 37% of assets, up from 22% a quarter earlier, followed by Energy and Technology.

On the sell side, the largest reduction was Alere Inc, an estimated $2.24M trimmed.

  • Twin Securities's largest Q4 2016 buy was NXP Semiconductors: 680,450 shares worth $66.7M.
  • Twin Securities added most to St Jude Medical in Q4 2016, an estimated $114M increase.
  • Twin Securities's biggest Q4 2016 reduction was Alere Inc, cutting an estimated $2.24M.
  • Twin Securities fully exited LinkedIn Corporation in Q4 2016, selling an estimated $163M.
  • Twin Securities's ten largest holdings make up 95% of its $610M portfolio in Q4 2016.
  • Twin Securities opened 8 new positions and closed 11 in Q4 2016.
  • Twin Securities's portfolio value rose 6.3% quarter-over-quarter to $610M.

Based on Twin Securities's 13F filing for Q4 2016, filed 14 Feb 2017.