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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
+7.93%
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
$623M
AUM Growth
+$43.4M
Cap. Flow
+$6.76M
Cap. Flow %
1.08%
Top 10 Hldgs %
90.74%
Holding
33
New
9
Increased
6
Reduced
6
Closed
12

Top Buys

Rank Stock Value
1
AABA
Altaba Inc
AABA
+$188M
2
ALR
Alere Inc
ALR
+$39.6M
3
MBLY
Mobileye N.V.
MBLY
+$35.2M
4
KATE
Kate Spade & Company
KATE
+$16.2M
5
TWX
Time Warner Inc
TWX
+$13.7M

Top Sells

Rank Stock Value
1
YHOO
Yahoo Inc
YHOO
+$142M
2
NXPI icon
NXP Semiconductors
NXPI
+$90.2M
3
SYT
Syngenta Ag
SYT
+$25.8M
4
MJN
Mead Johnson Nutrition Company
MJN
+$9.13M
5
VAL
Valspar
VAL
+$8.38M

Sector Composition

Rank Sector Weight
1 Technology 46.83%
2 Healthcare 18.58%
3 Consumer Staples 10.85%
4 Materials 5.64%
5 Consumer Discretionary 2.79%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AABA
1
DELISTED
Altaba Inc
AABA
$188M 30.14%
+3,448,341
New +$188M
ALR
2
DELISTED
Alere Inc
ALR
$98.8M 15.85%
1,968,097
+822,786
+72% +$39.6M
MBLY
3
DELISTED
Mobileye N.V.
MBLY
$89M 14.28%
1,417,181
+567,764
+67% +$35.2M
RAI
4
DELISTED
Reynolds American Inc
RAI
$66.5M 10.67%
1,022,527
-91,561
-8% -$5.98M
MON
5
DELISTED
Monsanto Co
MON
$35.2M 5.64%
297,121
+83,045
+39% +$9.69M
AKRX
6
DELISTED
Akorn Inc
AKRX
$25.4M 4.08%
757,917
+48,254
+7% +$1.57M
SMH icon
7
PUT
VanEck Semiconductor ETF
SMH
$67.6B
$16.4M 2.63%
+400,000
New +$16.5M
KATE
8
DELISTED
Kate Spade & Company
KATE
$16.3M 2.61%
+880,769
New +$16.2M
PRXL
9
DELISTED
Parexel International Corp
PRXL
$15.2M 2.44%
+175,000
New +$13M
BRCD
10
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
$15.1M 2.42%
1,194,276
-53,672
-4% -$676K
TWX
11
DELISTED
Time Warner Inc
TWX
$13.9M 2.22%
+138,042
New +$13.7M
MBLY
12
CALL
DELISTED
Mobileye N.V.
MBLY
$12.7M 2.04%
202,900
-40,900
-17% -$2.54M
NXPI icon
13
CALL
NXP Semiconductors
NXPI
$68B
$10.6M 1.7%
96,600
+40,000
+71% +$4.28M
JWN
14
CALL
DELISTED
Nordstrom
JWN
$6.03M 0.97%
+126,000
New +$5.73M
ALR
15
CALL
DELISTED
Alere Inc
ALR
$4.89M 0.79%
97,500
-301,100
-76% -$14.5M
AKRX
16
CALL
DELISTED
Akorn Inc
AKRX
$3.32M 0.53%
99,000
+49,000
+98% +$1.6M
MNK
17
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
$1.84M 0.3%
41,158
-2,531
-6% -$111K
AAMC
18
DELISTED
Altisource Asset Management Corp
AAMC
$1.49M 0.24%
27,645
-7,545
-21% -$352K
BG icon
19
Bunge Global
BG
$23.6B
$1.12M 0.18%
+15,000
New +$1.14M
JWN
20
DELISTED
Nordstrom
JWN
$1.09M 0.17%
+22,700
New +$1.03M
BG icon
21
CALL
Bunge Global
BG
$23.6B
$746K 0.12%
+10,000
New +$761K
BABA icon
22
PUT
Alibaba
BABA
$269B
– –
-250,000
Closed -$27M
NOMD icon
23
Nomad Foods
NOMD
$1.64B
– –
-197,982
Closed -$2.27M
NXPI icon
24
NXP Semiconductors
NXPI
$68B
– –
-842,075
Closed -$90.2M
RAD
25
DELISTED
Rite Aid Corporation
RAD
– –
-93,066
Closed -$7.91M
1
2

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AFT
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Twin Securities's Q2 2017 Portfolio in Review

As of Q2 2017, Twin Securities held 33 positions worth $623M, up 7.5% from $580M the previous quarter. Its ten largest holdings account for 91% of the portfolio.

Twin Securities's Q2 2017 filing shows 9 new, 6 increased, 6 reduced and 12 closed positions. Its largest new stake was Altaba Inc: 3,448,341 shares worth $188M. The largest sale was Yahoo Inc, an estimated $142M.

By sector, the portfolio is most concentrated in Technology at 47% of assets, up from 27% a quarter earlier, followed by Healthcare and Consumer Staples.

  • Twin Securities's largest Q2 2017 buy was Altaba Inc: 3,448,341 shares worth $188M.
  • Twin Securities added most to Alere Inc in Q2 2017, an estimated $39.6M increase.
  • Twin Securities's biggest Q2 2017 reduction was Reynolds American Inc, cutting an estimated $5.98M.
  • Twin Securities fully exited Yahoo Inc in Q2 2017, selling an estimated $142M.
  • Twin Securities's ten largest holdings make up 91% of its $623M portfolio in Q2 2017.
  • Twin Securities opened 9 new positions and closed 12 in Q2 2017.
  • Twin Securities's portfolio value rose 7.5% quarter-over-quarter to $623M.

Based on Twin Securities's 13F filing for Q2 2017, filed 14 Aug 2017.