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TS
Twin Securities Portfolio holdings
AUM
$223M
1-Year Est. Return
91.15%
This Fund
S&P 500
This Quarter
Est. Return
-7.81%
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
$540M
AUM Growth
+$7.6M
(+1.4%)
Cap. Flow
+$76.9M
Cap. Flow
% of AUM
14.25%
Top 10 Holdings %
Top 10 Hldgs %
73.25%
Holding
41
New
15
Increased
9
Reduced
4
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$47.6M |
| 2 |
AKRX
Akorn Inc
AKRX
|
+$37.2M |
| 3 |
NCR Voyix
VYX
|
+$32.7M |
| 4 |
ALTR
Altera Corp
ALTR
|
+$26.1M |
| 5 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$24.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$180M |
| 2 |
VER
VEREIT, Inc.
VER
|
+$21.2M |
| 3 |
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
|
+$18.6M |
| 4 |
DRC
DRESSER-RAND GROUP INC
DRC
|
+$10.9M |
| 5 |
OCR
OMNICARE INC
OCR
|
+$7.97M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 28.79% |
| 2 | Healthcare | 25.15% |
| 3 | Industrials | 12.58% |
| 4 | Communication Services | 12.38% |
| 5 | Real Estate | 11.71% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ALTR
1
DELISTED
Altera Corp
ALTR
| $101M | 18.72% |
2,017,378
+525,868
| +35% | +$26.1M |
|
|
VER
2
DELISTED
VEREIT, Inc.
VER
| $63.2M | 11.71% |
1,636,779
-508,081
| -24% | -$21.2M |
|
|
TWC
3
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $45.7M | 8.47% |
+254,947
| New | +$47.6M |
|
4
Herc Holdings
HRI
$4.84B
| $33.5M | 6.21% |
667,808
-27,197
| -4% | -$1.42M |
|
5
Perrigo
PRGO
$1.99B
| $31.6M | 5.85% |
200,723
+127,691
| +175% | +$23.4M |
|
|
6
NCR Voyix
VYX
$1.15B
| $27.4M | 5.07% |
+1,960,652
| New | +$32.7M |
|
|
AKRX
7
DELISTED
Akorn Inc
AKRX
| $26.2M | 4.85% |
918,455
+900,455
| +5,003% | +$37.2M |
|
|
PCP
8
DELISTED
PRECISION CASTPARTS CORP
PCP
| $23.2M | 4.29% |
+100,809
| New | +$21.6M |
|
|
BXLT
9
DELISTED
BAXALTA INC COM STK (DE)
BXLT
| $22.5M | 4.17% |
+713,307
| New | +$24.6M |
|
|
SLH
10
DELISTED
SOLERA HOLDINGS, INC. COM
SLH
| $21.1M | 3.9% |
+390,000
| New | +$17.7M |
|
11
Viatris
VTRS
$19B
| $19.9M | 3.69% |
494,355
+346,952
| +235% | +$19.3M |
|
|
12
CALL
Perrigo
PRGO
$1.99B
| $17.4M | 3.23% |
110,900
+60,000
| +118% | +$11M |
|
|
AGN
13
CALL
DELISTED
Allergan plc
AGN
| $17.4M | 3.22% |
64,000
-29,400
| -31% | -$9.03M |
|
|
AGN
14
DELISTED
Allergan plc
AGN
| $17.3M | 3.2% |
63,576
+30,399
| +92% | +$9.34M |
|
|
KYTH
15
DELISTED
KYTHERA BIOPHARMACEUTICALS, INC COM
KYTH
| $14.4M | 2.67% |
+191,792
| New | +$14.3M |
|
16
Humana
HUM
$48B
| $11.6M | 2.14% |
64,619
+55,619
| +618% | +$10.3M |
|
17
Aramark
ARMK
$15B
| $11.2M | 2.08% |
523,265
+185,174
| +55% | +$4.23M |
|
|
EMC
18
DELISTED
EMC CORPORATION
EMC
| $11.1M | 2.06% |
+460,720
| New | +$11.6M |
|
19
Williams Companies
WMB
$91.9B
| $8.48M | 1.57% |
230,000
+205,000
| +820% | +$10.2M |
|
|
MNK
20
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $5.58M | 1.03% |
+87,237
| New | +$8.64M |
|
|
YHOO
21
DELISTED
Yahoo Inc
YHOO
| $2.92M | 0.54% |
+101,000
| New | +$3.5M |
|
22
CALL
Kraft Heinz
KHC
$29.2B
| $2.21M | 0.41% |
+31,400
| New | +$2.37M |
|
23
PUT
AT&T
T
$172B
| $1.97M | 0.37% |
80,234
-237,526
| -75% | -$6.06M |
|
24
Pfizer
PFE
$158B
| $952K | 0.18% |
+31,936
| New | +$1.02M |
|
25
Genworth Financial
GNW
$3.96B
| $785K | 0.15% |
+170,000
| New | +$1M |
|
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Twin Securities's Q3 2015 Portfolio in Review
As of Q3 2015, Twin Securities held 41 positions worth $540M, up 1.4% from $532M the previous quarter. Its ten largest holdings account for 73% of the portfolio.
Twin Securities deployed $76.9M of net new capital in Q3 2015, opening 15 new positions and adding to 9 existing holdings. Its largest new stake was TIME WARNER CABLE INC NEW COM STK: 254,947 shares worth $45.7M.
By sector, the portfolio is most concentrated in Miscellaneous at 29% of assets, down from 29% a quarter earlier, followed by Healthcare and Industrials.
On the sell side, the largest reduction was VEREIT, Inc., an estimated $21.2M trimmed.
- Twin Securities's largest Q3 2015 buy was TIME WARNER CABLE INC NEW COM STK: 254,947 shares worth $45.7M.
- Twin Securities added most to Akorn Inc in Q3 2015, an estimated $37.2M increase.
- Twin Securities's biggest Q3 2015 reduction was VEREIT, Inc., cutting an estimated $21.2M.
- Twin Securities fully exited DIRECTV COM STK (DE) in Q3 2015, selling an estimated $180M.
- Twin Securities's ten largest holdings make up 73% of its $540M portfolio in Q3 2015.
- Twin Securities opened 15 new positions and closed 13 in Q3 2015.
- Twin Securities's portfolio value rose 1.4% quarter-over-quarter to $540M.
Based on Twin Securities's 13F filing for Q3 2015, filed 16 Nov 2015.