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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
-1.4%
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
$554M
AUM Growth
+$25.2M
Cap. Flow
+$44.4M
Cap. Flow %
8.01%
Top 10 Hldgs %
97.11%
Holding
23
New
6
Increased
6
Reduced
2
Closed
9

Top Buys

Rank Stock Value
1
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
+$58.4M
2
VER
VEREIT, Inc.
VER
+$40.6M
3
AGN
Allergan Inc
AGN
+$26.7M
4
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$23.3M
5
QSR icon
Restaurant Brands International
QSR
+$7.21M

Top Sells

Rank Stock Value
1
LAMR icon
Lamar Advertising Co
LAMR
+$49.6M
2
THI
TIM HORTONS INC COM, CANADA
THI
+$28.2M
3
KN icon
Knowles
KN
+$9.39M
4
SHPG
Shire pic
SHPG
+$2.85M
5
HLF icon
Herbalife
HLF
+$2.5M

Sector Composition

Rank Sector Weight
1 Healthcare 31.85%
2 Communication Services 11.92%
3 Industrials 10.1%
4 Technology 4%
5 Real Estate 2.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VER
1
DELISTED
VEREIT, Inc.
VER
$145M 26.15%
3,200,362
+829,341
+35% +$40.6M
COV
2
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
$101M 18.21%
986,125
+609,164
+162% +$58.4M
TWC
3
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$66M 11.92%
434,003
+161,433
+59% +$23.3M
HRI icon
4
Herc Holdings
HRI
$5.43B
$55.9M 10.1%
747,305
+98,261
+15% +$6.64M
AGN
5
CALL
DELISTED
Allergan plc
AGN
$51M 9.21%
198,200
+20,000
+11% +$5M
AGN
6
DELISTED
Allergan plc
AGN
$47M 8.48%
182,496
+21,561
+13% +$5.39M
AGN
7
DELISTED
Allergan Inc
AGN
$28.6M 5.16%
+134,372
New +$26.7M
KN icon
8
Knowles
KN
$3.22B
$22.2M 4%
941,042
-454,037
-33% -$9.39M
LAMR icon
9
Lamar Advertising Co
LAMR
$16.2B
$12M 2.16%
222,824
-960,333
-81% -$49.6M
AGN
10
PUT
DELISTED
Allergan Inc
AGN
$9.57M 1.73%
+45,000
New +$8.95M
QSR icon
11
PUT
Restaurant Brands International
QSR
$25.1B
$7.4M 1.34%
+189,500
New +$7.28M
QSR icon
12
Restaurant Brands International
QSR
$25.1B
$7.32M 1.32%
+187,605
New +$7.21M
AGN
13
PUT
DELISTED
Allergan plc
AGN
$1.29M 0.23%
+5,000
New +$1.25M
VER
14
PUT
DELISTED
VEREIT, Inc.
VER
$18K ﹤0.01%
+400
New +$19.6K
ABBV icon
15
CALL
AbbVie
ABBV
$458B
– –
-300,900
Closed -$17.4M
ASH icon
16
CALL
Ashland
ASH
$3.04B
– –
-261,632
Closed -$13.3M
HLF icon
17
Herbalife
HLF
$1.23B
– –
-114,258
Closed -$2.5M
HRI icon
18
CALL
Herc Holdings
HRI
$5.43B
– –
-47,400
Closed -$3.61M
LAMR icon
19
PUT
Lamar Advertising Co
LAMR
$16.2B
– –
-330,000
Closed -$16.3M
VER
20
CALL
DELISTED
VEREIT, Inc.
VER
– –
-40,000
Closed -$2.41M
MNK
21
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
– –
-10,512
Closed -$948K
THI
22
DELISTED
TIM HORTONS INC COM, CANADA
THI
– –
-357,824
Closed -$28.2M
SHPG
23
DELISTED
Shire pic
SHPG
– –
-11,000
Closed -$2.85M

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 2014 Portfolio in Review

As of Q4 2014, Twin Securities held 23 positions worth $554M, up 4.8% from $529M the previous quarter. Its ten largest holdings account for 97% of the portfolio.

Twin Securities deployed $44.4M of net new capital in Q4 2014, opening 6 new positions and adding to 6 existing holdings. Its largest new stake was Allergan Inc: 134,372 shares worth $28.6M.

By sector, the portfolio is most concentrated in Healthcare at 32% of assets, up from 14% a quarter earlier, followed by Communication Services and Industrials.

On the sell side, the largest reduction was Lamar Advertising Co, an estimated $49.6M trimmed.

  • Twin Securities's largest Q4 2014 buy was Allergan Inc: 134,372 shares worth $28.6M.
  • Twin Securities added most to COVIDIEN PLC COM SHS NEW (IRELAND) in Q4 2014, an estimated $58.4M increase.
  • Twin Securities's biggest Q4 2014 reduction was Lamar Advertising Co, cutting an estimated $49.6M.
  • Twin Securities fully exited TIM HORTONS INC COM, CANADA in Q4 2014, selling an estimated $28.2M.
  • Twin Securities's ten largest holdings make up 97% of its $554M portfolio in Q4 2014.
  • Twin Securities opened 6 new positions and closed 9 in Q4 2014.
  • Twin Securities's portfolio value rose 4.8% quarter-over-quarter to $554M.

Based on Twin Securities's 13F filing for Q4 2014, filed 17 Feb 2015.