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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
+15.99%
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
$580M
AUM Growth
-$29.6M
Cap. Flow
-$86.4M
Cap. Flow %
-14.89%
Top 10 Hldgs %
87.48%
Holding
30
New
13
Increased
7
Reduced
3
Closed
6

Top Buys

Rank Stock Value
1
MBLY
Mobileye N.V.
MBLY
+$40.9M
2
SYT
Syngenta Ag
SYT
+$25M
3
NXPI icon
NXP Semiconductors
NXPI
+$16.3M
4
RAI
Reynolds American Inc
RAI
+$14.4M
5
RAD
Rite Aid Corporation
RAD
+$11.2M

Top Sells

Rank Stock Value
1
STJ
St Jude Medical
STJ
+$174M
2
MON
Monsanto Co
MON
+$24.6M
3
AKRX
Akorn Inc
AKRX
+$12.7M
4
TMH
Team Health Holdings Inc
TMH
+$8.91M
5
ALR
Alere Inc
ALR
+$5.57M

Sector Composition

Rank Sector Weight
1 Technology 26.7%
2 Energy 24.56%
3 Consumer Staples 14.07%
4 Materials 10.07%
5 Healthcare 8.32%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AGN
26
PUT
DELISTED
Allergan plc
AGN
– –
-70,000
Closed -$14.7M
ALR
27
PUT
DELISTED
Alere Inc
ALR
– –
-560,200
Closed -$21.8M
ISIL
28
DELISTED
Intersil Corp
ISIL
– –
-30,000
Closed -$669K
TMH
29
DELISTED
Team Health Holdings Inc
TMH
– –
-204,999
Closed -$8.91M
STJ
30
DELISTED
St Jude Medical
STJ
– –
-2,175,405
Closed -$174M
1
2

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SC
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LPFG
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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 Q1 2017 Portfolio in Review

As of Q1 2017, Twin Securities held 30 positions worth $580M, down 4.9% from $610M the previous quarter. Its ten largest holdings account for 87% of the portfolio.

Twin Securities withdrew a net $86.4M in Q1 2017, closing 6 positions and reducing 3 holdings. Its most notable exit was St Jude Medical, an estimated $174M position sold in full.

By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 13% a quarter earlier, followed by Energy and Consumer Staples.

Against the trend, Twin Securities opened a new position in Mobileye N.V. worth $52.2M.

  • Twin Securities's largest Q1 2017 buy was Mobileye N.V.: 849,417 shares worth $52.2M.
  • Twin Securities added most to NXP Semiconductors in Q1 2017, an estimated $16.3M increase.
  • Twin Securities's biggest Q1 2017 reduction was Monsanto Co, cutting an estimated $24.6M.
  • Twin Securities fully exited St Jude Medical in Q1 2017, selling an estimated $174M.
  • Twin Securities's ten largest holdings make up 87% of its $580M portfolio in Q1 2017.
  • Twin Securities opened 13 new positions and closed 6 in Q1 2017.
  • Twin Securities's portfolio value fell 4.9% quarter-over-quarter to $580M.

Based on Twin Securities's 13F filing for Q1 2017, filed 15 May 2017.