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
+7.3%
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
$611M
AUM Growth
+$71.7M
Cap. Flow
+$45.8M
Cap. Flow %
7.49%
Top 10 Hldgs %
79.76%
Holding
38
New
10
Increased
14
Reduced
3
Closed
11

Top Buys

Rank Stock Value
1
PRGO icon
Perrigo
PRGO
+$39.8M
2
AKRX
Akorn Inc
AKRX
+$35.3M
3
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$31.4M
4
PCP
PRECISION CASTPARTS CORP
PCP
+$23.7M
5
JAH
JARDEN CORPORATION
JAH
+$14.9M

Top Sells

Rank Stock Value
1
ALTR
Altera Corp
ALTR
+$101M
2
VTRS icon
Viatris
VTRS
+$19.9M
3
KYTH
KYTHERA BIOPHARMACEUTICALS, INC COM
KYTH
+$14.4M
4
HUM icon
Humana
HUM
+$11.6M
5
WMB icon
Williams Companies
WMB
+$8.48M

Sector Composition

Rank Sector Weight
1 Healthcare 17.43%
2 Communication Services 17.37%
3 Industrials 17.06%
4 Technology 8.56%
5 Energy 2.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TWC
1
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$78.7M 12.87%
424,402
+169,455
+66% +$31.4M
AKRX
2
DELISTED
Akorn Inc
AKRX
$76.4M 12.49%
2,046,719
+1,128,264
+123% +$35.3M
PRGO icon
3
Perrigo
PRGO
$1.4B
$66.5M 10.87%
459,305
+258,582
+129% +$39.8M
VER
4
DELISTED
VEREIT, Inc.
VER
$62.6M 10.23%
1,577,803
-58,976
-4% -$2.42M
PCP
5
DELISTED
PRECISION CASTPARTS CORP
PCP
$47.1M 7.71%
203,173
+102,364
+102% +$23.7M
VYX icon
6
NCR Voyix
VYX
$1.06B
$38.6M 6.31%
2,570,398
+609,746
+31% +$9.71M
BXLT
7
DELISTED
BAXALTA INC COM STK (DE)
BXLT
$32.2M 5.26%
824,782
+111,475
+16% +$3.89M
AGN
8
CALL
DELISTED
Allergan plc
AGN
$30.2M 4.94%
96,500
+32,500
+51% +$9.68M
HRI icon
9
Herc Holdings
HRI
$5.43B
$28.5M 4.66%
668,325
+517
+0.1% +$26K
SLH
10
DELISTED
SOLERA HOLDINGS, INC. COM
SLH
$26.9M 4.4%
490,439
+100,439
+26% +$5.45M
JAH
11
DELISTED
JARDEN CORPORATION
JAH
$17M 2.79%
+298,300
New +$14.9M
AGN
12
DELISTED
Allergan plc
AGN
$16.4M 2.68%
52,310
-11,266
-18% -$3.35M
YHOO
13
DELISTED
Yahoo Inc
YHOO
$14.5M 2.37%
436,000
+335,000
+332% +$11.2M
EMC
14
DELISTED
EMC CORPORATION
EMC
$13.8M 2.26%
536,847
+76,127
+17% +$1.98M
MNK
15
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
$12.5M 2.05%
167,547
+80,310
+92% +$5.41M
ARMK icon
16
Aramark
ARMK
$15B
$11.6M 1.9%
499,218
-24,047
-5% -$550K
SGYP
17
DELISTED
Synergy Pharmaceuticals, Inc Common Stock
SGYP
$8.2M 1.34%
+1,445,732
New +$8.81M
IWM icon
18
PUT
iShares Russell 2000 ETF
IWM
$80.9B
$5.63M 0.92%
+50,000
New +$5.77M
AKRX
19
CALL
DELISTED
Akorn Inc
AKRX
$5.04M 0.82%
+135,000
New +$4.22M
ODP
20
DELISTED
ODP
ODP
$4.82M 0.79%
+85,500
New +$5.69M
HOT
21
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
$3.98M 0.65%
+57,510
New +$4.1M
NYRT
22
DELISTED
New York REIT, Inc.
NYRT
$2.76M 0.45%
+23,992
New +$2.72M
BHC icon
23
CALL
Bausch Health
BHC
$1.65B
$2.03M 0.33%
+20,000
New +$2.25M
ASRT
24
DELISTED
Assertio
ASRT
$1.9M 0.31%
1,750
+1,567
+856% +$1.76M
SPLS
25
DELISTED
Staples Inc
SPLS
$1.89M 0.31%
+200,000
New +$2.35M
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 2015 Portfolio in Review

As of Q4 2015, Twin Securities held 38 positions worth $611M, up 13% from $540M the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Twin Securities deployed $45.8M of net new capital in Q4 2015, opening 10 new positions and adding to 14 existing holdings. Its largest new stake was JARDEN CORPORATION: 298,300 shares worth $17M.

By sector, the portfolio is most concentrated in Healthcare at 17% of assets, up from 16% a quarter earlier, followed by Communication Services and Industrials.

On the sell side, the largest reduction was Allergan plc, an estimated $3.35M trimmed.

  • Twin Securities's largest Q4 2015 buy was JARDEN CORPORATION: 298,300 shares worth $17M.
  • Twin Securities added most to Perrigo in Q4 2015, an estimated $39.8M increase.
  • Twin Securities's biggest Q4 2015 reduction was Allergan plc, cutting an estimated $3.35M.
  • Twin Securities fully exited Altera Corp in Q4 2015, selling an estimated $101M.
  • Twin Securities's ten largest holdings make up 80% of its $611M portfolio in Q4 2015.
  • Twin Securities opened 10 new positions and closed 11 in Q4 2015.
  • Twin Securities's portfolio value rose 13% quarter-over-quarter to $611M.

Based on Twin Securities's 13F filing for Q4 2015, filed 16 Feb 2016.