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TS
Twin Securities Portfolio holdings
AUM
$206M
1-Year Est. Return
77.79%
This Fund
S&P 500
This Quarter
Est. Return
+2.19%
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
$166M
AUM Growth
-$111M
(-40%)
Cap. Flow
-$115M
Cap. Flow
% of AUM
-69.32%
Top 10 Holdings %
Top 10 Hldgs %
99.97%
Holding
15
New
3
Increased
3
Reduced
4
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$36.4M |
| 2 |
AGN
Allergan plc
AGN
|
+$15.4M |
| 3 |
Altria Group
MO
|
+$4.81M |
| 4 |
Kraft Heinz
KHC
|
+$865K |
| 5 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$271K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RHT
Red Hat Inc
RHT
|
+$84M |
| 2 |
APC
Anadarko Petroleum
APC
|
+$63.4M |
| 3 |
CVS Health
CVS
|
+$13.1M |
| 4 |
MLNX
Mellanox Technologies, Ltd.
MLNX
|
+$3.6M |
| 5 |
ONCE
Spark Therapeutics, Inc. Common Stock
ONCE
|
+$2.99M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 54.44% |
| 2 | Technology | 9.32% |
| 3 | Consumer Staples | 3.09% |
| 4 | Real Estate | 0.39% |
| 5 | Communication Services | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CELG
1
DELISTED
Celgene Corp
CELG
| $70.1M | 42.26% |
706,034
+383,313
| +119% | +$36.4M |
|
|
ONCE
2
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $28.2M | 17% |
290,793
-29,860
| -9% | -$2.99M |
|
|
ZAYO
3
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $21.4M | 12.89% |
630,615
+8,056
| +1% | +$271K |
|
|
AGN
4
DELISTED
Allergan plc
AGN
| $20.2M | 12.15% |
119,786
+94,786
| +379% | +$15.4M |
|
|
MLNX
5
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $15.5M | 9.32% |
141,136
-32,640
| -19% | -$3.6M |
|
|
6
CALL
CVS Health
CVS
$137B
| $4.52M | 2.72% |
71,600
-63,800
| -47% | -$3.78M |
|
|
7
Altria Group
MO
$122B
| $4.28M | 2.58% |
+104,672
| New | +$4.81M |
|
|
8
Kraft Heinz
KHC
$30.4B
| $840K | 0.51% |
+30,059
| New | +$865K |
|
|
AAMC
9
DELISTED
Altisource Asset Management Corp
AAMC
| $645K | 0.39% |
117,507
| – | – |
|
|
ONCE
10
CALL
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $262K | 0.16% |
+2,700
| New | +$270K |
|
|
11
CVS Health
CVS
$137B
| $47K | 0.03% |
752
-221,557
| -100% | -$13.1M |
|
|
GWR
12
DELISTED
Genesee & Wyoming Inc.
GWR
| – | – |
-15,000
| Closed | -$1.5M |
|
|
APC
13
DELISTED
Anadarko Petroleum
APC
| – | – |
-898,900
| Closed | -$63.4M |
|
|
ARRY
14
DELISTED
Array Biopharma Inc
ARRY
| – | – |
-15,000
| Closed | -$695K |
|
|
RHT
15
DELISTED
Red Hat Inc
RHT
| – | – |
-447,175
| Closed | -$84M |
|
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Twin Securities's Q3 2019 Portfolio in Review
As of Q3 2019, Twin Securities held 15 positions worth $166M, down 40% from $276M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Twin Securities withdrew a net $115M in Q3 2019, closing 4 positions and reducing 4 holdings. Its most notable exit was Red Hat Inc, an estimated $84M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 54% of assets, up from 17% a quarter earlier, followed by Technology and Consumer Staples.
Against the trend, Twin Securities opened a new position in Altria Group worth $4.28M.
- Twin Securities's largest Q3 2019 buy was Altria Group: 104,672 shares worth $4.28M.
- Twin Securities added most to Celgene Corp in Q3 2019, an estimated $36.4M increase.
- Twin Securities's biggest Q3 2019 reduction was CVS Health, cutting an estimated $13.1M.
- Twin Securities fully exited Red Hat Inc in Q3 2019, selling an estimated $84M.
- Twin Securities's ten largest holdings make up 100% of its $166M portfolio in Q3 2019.
- Twin Securities opened 3 new positions and closed 4 in Q3 2019.
- Twin Securities's portfolio value fell 40% quarter-over-quarter to $166M.
Based on Twin Securities's 13F filing for Q3 2019, filed 14 Nov 2019.