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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
+31.82%
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
$141M
AUM Growth
+$2.37M
Cap. Flow
-$13.4M
Cap. Flow %
-9.45%
Top 10 Hldgs %
100%
Holding
21
New
5
Increased
4
Reduced
1
Closed
11

Top Buys

Rank Stock Value
1
WORK
Slack Technologies, Inc.
WORK
+$31.3M
2
XLNX
Xilinx Inc
XLNX
+$23.1M
3
TIF
Tiffany & Co.
TIF
+$20.7M
4
CLGX
Corelogic, Inc.
CLGX
+$8.17M
5
ACIA
Acacia Communications Inc
ACIA
+$5.96M

Top Sells

Rank Stock Value
1
LVGO
Livongo Health, Inc. Common Stock
LVGO
+$43M
2
IMMU
Immunomedics Inc
IMMU
+$39.8M
3
NAV
Navistar International
NAV
+$9.14M
4
MNTA
Momenta Pharmaceuticals, Inc.
MNTA
+$6.43M
5
TCO
Taubman Centers Inc.
TCO
+$2.29M

Sector Composition

Rank Sector Weight
1 Technology 36.56%
2 Real Estate 3.7%
3 Healthcare 1.11%
4 Consumer Discretionary 0.2%
5 Communication Services 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TIF
1
DELISTED
Tiffany & Co.
TIF
$49M 34.64%
372,768
+161,520
+76% +$20.7M
WORK
2
DELISTED
Slack Technologies, Inc.
WORK
$39.1M 27.63%
+925,248
New +$31.3M
XLNX
3
DELISTED
Xilinx Inc
XLNX
$25.2M 17.8%
+177,619
New +$23.1M
ACIA
4
DELISTED
Acacia Communications Inc
ACIA
$12.6M 8.93%
173,145
+86,166
+99% +$5.96M
CLGX
5
DELISTED
Corelogic, Inc.
CLGX
$8.44M 5.97%
+109,200
New +$8.17M
RESI
6
DELISTED
Front Yard Residential Corporation Common Stock
RESI
$4.28M 3.03%
264,286
+252,298
+2,105% +$3.5M
OMCL icon
7
Omnicell
OMCL
$1.86B
$1.56M 1.11%
+13,038
New +$1.28M
AAMC
8
DELISTED
Altisource Asset Management Corp
AAMC
$950K 0.67%
68,510
+5,149
+8% +$68K
LCID icon
9
Lucid Motors
LCID
$2.46B
$284K 0.2%
+2,833
New +$277K
BMY.RT
10
DELISTED
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
$24K 0.02%
34,456
-1,064,575
-97% -$2.27M
ACM icon
11
Aecom
ACM
$9.07B
– –
-17,024
Closed -$712K
RTP.U
12
DELISTED
Reinvent Technology Partners Units, each consisting of one Class A ordinary share and one-fourth of
RTP.U
– –
-10,000
Closed -$115K
DGNR.U
13
DELISTED
Dragoneer Growth Opportunities Corp. Units, each consisting of one Class A ordinary share, and one-f
DGNR.U
– –
-10,000
Closed -$123K
NAV
14
DELISTED
Navistar International
NAV
– –
-209,828
Closed -$9.14M
TIF
15
CALL
DELISTED
Tiffany & Co.
TIF
– –
-19,700
Closed -$2.28M
TIF
16
PUT
DELISTED
Tiffany & Co.
TIF
– –
-8,100
Closed -$938K
TCO
17
DELISTED
Taubman Centers Inc.
TCO
– –
-68,671
Closed -$2.29M
LVGO
18
DELISTED
Livongo Health, Inc. Common Stock
LVGO
– –
-307,166
Closed -$43M
IMMU
19
DELISTED
Immunomedics Inc
IMMU
– –
-467,761
Closed -$39.8M
MNTA
20
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
– –
-122,500
Closed -$6.43M
RESI
21
CALL
DELISTED
Front Yard Residential Corporation Common Stock
RESI
– –
-65,500
Closed -$572K

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SC
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LPFG
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AFT
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SCM
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ACM
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SAM
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HM
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Twin Securities's Q4 2020 Portfolio in Review

As of Q4 2020, Twin Securities held 21 positions worth $141M, up 1.7% from $139M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Twin Securities withdrew a net $13.4M in Q4 2020, closing 11 positions and reducing 1 holding. Its most notable exit was Livongo Health, Inc. Common Stock, an estimated $43M position sold in full.

By sector, the portfolio is most concentrated in Technology at 37% of assets, up from 4.2% a quarter earlier, followed by Real Estate and Healthcare.

Against the trend, Twin Securities opened a new position in Slack Technologies, Inc. worth $39.1M.

  • Twin Securities's largest Q4 2020 buy was Slack Technologies, Inc.: 925,248 shares worth $39.1M.
  • Twin Securities added most to Tiffany & Co. in Q4 2020, an estimated $20.7M increase.
  • Twin Securities's biggest Q4 2020 reduction was Bristol-Myers Squibb Company Contingent Value Rights, cutting an estimated $2.27M.
  • Twin Securities fully exited Livongo Health, Inc. Common Stock in Q4 2020, selling an estimated $43M.
  • Twin Securities's ten largest holdings make up 100% of its $141M portfolio in Q4 2020.
  • Twin Securities opened 5 new positions and closed 11 in Q4 2020.
  • Twin Securities's portfolio value rose 1.7% quarter-over-quarter to $141M.

Based on Twin Securities's 13F filing for Q4 2020, filed 16 Feb 2021.