We are live on ! Find out more
TS

Twin Securities Portfolio holdings

AUM $206M
1-Year Est. Return 77.79%
This Fund
S&P 500
This Quarter Est. Return
+8.65%
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
$356M
AUM Growth
+$129M
Cap. Flow
+$143M
Cap. Flow %
40.28%
Top 10 Hldgs %
95.65%
Holding
23
New
8
Increased
5
Reduced
3
Closed
7

Top Buys

Rank Stock Value
1
ONXX
ONYX PHARMACEUTICALS INC
ONXX
+$94.8M
2
ELN
ELAN CORP ADS(RP1 ORD4IRISH PN
ELN
+$52.1M
3
VER
VEREIT, Inc.
VER
+$27.9M
4
DELL
DELL INC
DELL
+$14.1M
5
MNK
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
+$13.3M

Top Sells

Rank Stock Value
1
LBTYK icon
Liberty Global Class C
LBTYK
+$28.8M
2
TMO icon
Thermo Fisher Scientific
TMO
+$20.6M
3
TRLA
TRULIA INC (DEL)
TRLA
+$15M
4
BMC
BMC SOFTWARE, INC
BMC
+$7.93M
5
SFD
SMITHFIELD FOODS,INC
SFD
+$4.18M

Sector Composition

Rank Sector Weight
1 Healthcare 22.88%
2 Consumer Discretionary 5.17%
3 Financials 3.57%
4 Real Estate 1.77%
5 Communication Services 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ONXX
1
DELISTED
ONYX PHARMACEUTICALS INC
ONXX
$93.3M 26.2%
+748,948
New +$94.8M
VER
2
DELISTED
VEREIT, Inc.
VER
$69.8M 19.61%
1,144,973
+409,692
+56% +$27.9M
DELL
3
DELISTED
DELL INC
DELL
$57.5M 16.15%
4,184,587
+1,038,424
+33% +$14.1M
ELN
4
DELISTED
ELAN CORP ADS(RP1 ORD4IRISH PN
ELN
$53.8M 15.11%
+3,454,139
New +$52.1M
BKW
5
DELISTED
BURGER KING WORLDWIDE
BKW
$18.3M 5.14%
937,802
+126,096
+16% +$2.48M
MNK
6
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
$13.4M 3.76%
+303,753
New +$13.3M
MBI icon
7
MBIA
MBI
$288M
$12.7M 3.57%
1,243,593
+617,942
+99% +$7.78M
LIFE
8
DELISTED
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
$7.87M 2.21%
+105,154
New +$7.85M
APC
9
DELISTED
Anadarko Petroleum
APC
$7.6M 2.13%
81,739
-40,397
-33% -$3.67M
CIM
10
Chimera Investment
CIM
$1.05B
$6.31M 1.77%
138,345
-1,614
-1% -$71.8K
HMA
11
DELISTED
HEALTH MGMT ASSOC INC CL-A
HMA
$5.93M 1.67%
+463,553
New +$6.44M
TMO icon
12
Thermo Fisher Scientific
TMO
$211B
$5.3M 1.49%
57,482
-227,594
-80% -$20.6M
VVUS
13
DELISTED
Vivus Inc
VVUS
$3.05M 0.86%
32,833
+20,932
+176% +$2.61M
VPHM
14
DELISTED
VIROPHARMA INC
VPHM
$1.04M 0.29%
+26,500
New +$866K
JCP
15
DELISTED
J.C. Penney Company, Inc.
JCP
$101K 0.03%
+11,500
New +$164K
ONXX
16
PUT
DELISTED
ONYX PHARMACEUTICALS INC
ONXX
$62K 0.02%
+500
New +$63.3K
LBTYK icon
17
Liberty Global Class C
LBTYK
$3.27B
– –
-1,047,913
Closed -$28.8M
MBI icon
18
CALL
MBIA
MBI
$288M
– –
-232,600
Closed -$3.1M
JPM.WS
19
DELISTED
JPMorgan Chase
JPM.WS
– –
-20,967
Closed -$327K
TRLA
20
DELISTED
TRULIA INC (DEL)
TRLA
– –
-482,956
Closed -$15M
DELL
21
CALL
DELISTED
DELL INC
DELL
– –
-249,900
Closed -$3.33M
SFD
22
DELISTED
SMITHFIELD FOODS,INC
SFD
– –
-127,625
Closed -$4.18M
BMC
23
DELISTED
BMC SOFTWARE, INC
BMC
– –
-175,626
Closed -$7.93M

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 Q3 2013 Portfolio in Review

As of Q3 2013, Twin Securities held 23 positions worth $356M, up 57% from $227M the previous quarter. Its ten largest holdings account for 96% of the portfolio.

Twin Securities deployed $143M of net new capital in Q3 2013, opening 8 new positions and adding to 5 existing holdings. Its largest new stake was ONYX PHARMACEUTICALS INC: 748,948 shares worth $93.3M.

By sector, the portfolio is most concentrated in Healthcare at 23% of assets, up from 11% a quarter earlier, followed by Consumer Discretionary and Financials.

On the sell side, the largest reduction was Thermo Fisher Scientific, an estimated $20.6M trimmed.

  • Twin Securities's largest Q3 2013 buy was ONYX PHARMACEUTICALS INC: 748,948 shares worth $93.3M.
  • Twin Securities added most to VEREIT, Inc. in Q3 2013, an estimated $27.9M increase.
  • Twin Securities's biggest Q3 2013 reduction was Thermo Fisher Scientific, cutting an estimated $20.6M.
  • Twin Securities fully exited Liberty Global Class C in Q3 2013, selling an estimated $28.8M.
  • Twin Securities's ten largest holdings make up 96% of its $356M portfolio in Q3 2013.
  • Twin Securities opened 8 new positions and closed 7 in Q3 2013.
  • Twin Securities's portfolio value rose 57% quarter-over-quarter to $356M.

Based on Twin Securities's 13F filing for Q3 2013, filed 14 Nov 2013.