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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
+3.57%
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
$180M
AUM Growth
-$1.41M
Cap. Flow
-$2.42M
Cap. Flow %
-1.34%
Top 10 Hldgs %
99.74%
Holding
19
New
9
Increased
1
Reduced
2
Closed
7

Top Buys

Rank Stock Value
1
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$49.9M
2
SGEN
Seagen Inc. Common Stock
SGEN
+$20M
3
ISEE
IVERIC bio, Inc. Common Stock
ISEE
+$11M
4
DICE
DICE Therapeutics, Inc. Common Stock
DICE
+$3.17M
5
UNVR
Univar Solutions Inc.
UNVR
+$449K

Top Sells

Rank Stock Value
1
SJR
Shaw Communications Inc.
SJR
+$76M
2
NATI
National Instruments Corp
NATI
+$40.4M
3
LSI
Life Storage, Inc.
LSI
+$8.47M
4
OSH
Oak Street Health, Inc.
OSH
+$8M
5
FHN icon
First Horizon
FHN
+$5.94M

Sector Composition

Rank Sector Weight
1 Healthcare 68.53%
2 Technology 2.21%
3 Materials 0.25%
4 Communication Services 0%
5 Financials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HZNP
1
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$87.7M 48.64%
852,913
+472,712
+124% +$49.9M
HZNP
2
PUT
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$33.2M 18.39%
+322,500
New +$34M
SGEN
3
DELISTED
Seagen Inc. Common Stock
SGEN
$19.4M 10.74%
+100,599
New +$20M
ISEE
4
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
$12.3M 6.8%
+311,549
New +$11M
HZNP
5
CALL
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$11.3M 6.27%
+109,900
New +$11.6M
ATVI
6
CALL
DELISTED
Activision Blizzard
ATVI
$6.55M 3.63%
+77,700
New +$6.29M
DICE
7
DELISTED
DICE Therapeutics, Inc. Common Stock
DICE
$4.26M 2.36%
+91,680
New +$3.17M
NATI
8
DELISTED
National Instruments Corp
NATI
$3.46M 1.92%
60,220
-705,023
-92% -$40.4M
EA icon
9
CALL
Electronic Arts
EA
$52.4B
$1.3M 0.72%
+10,000
New +$1.27M
VYX icon
10
NCR Voyix
VYX
$1.06B
$504K 0.28%
32,615
-11,258
-26% -$162K
UNVR
11
DELISTED
Univar Solutions Inc.
UNVR
$453K 0.25%
+12,642
New +$449K
ATVI
12
DELISTED
Activision Blizzard
ATVI
$21.7K 0.01%
+257
New +$20.8K
FHN icon
13
First Horizon
FHN
$12.1B
– –
-334,113
Closed -$5.94M
FHN icon
14
PUT
First Horizon
FHN
$12.1B
– –
-17,500
Closed -$311K
VMW
15
DELISTED
VMware, Inc
VMW
– –
-4,560
Closed -$569K
NATI
16
CALL
DELISTED
National Instruments Corp
NATI
– –
-4,000
Closed -$210K
LSI
17
DELISTED
Life Storage, Inc.
LSI
– –
-64,595
Closed -$8.47M
OSH
18
DELISTED
Oak Street Health, Inc.
OSH
– –
-206,892
Closed -$8M
SJR
19
DELISTED
Shaw Communications Inc.
SJR
– –
-2,541,656
Closed -$76M

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ASI
All-Stars Investment Hong Kong $206M AUM 31.57% 1-Year Est. Return
SC
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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 Q2 2023 Portfolio in Review

As of Q2 2023, Twin Securities held 19 positions worth $180M, down 0.77% from $182M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Twin Securities's Q2 2023 filing shows 9 new, 1 increased, 2 reduced and 7 closed positions. Its largest new stake was Seagen Inc. Common Stock: 100,599 shares worth $19.4M. The largest sale was Shaw Communications Inc., an estimated $76M.

By sector, the portfolio is most concentrated in Healthcare at 69% of assets, up from 27% a quarter earlier, followed by Technology and Materials.

  • Twin Securities's largest Q2 2023 buy was Seagen Inc. Common Stock: 100,599 shares worth $19.4M.
  • Twin Securities added most to Horizon Therapeutics Public Limited Company Ordinary Shares in Q2 2023, an estimated $49.9M increase.
  • Twin Securities's biggest Q2 2023 reduction was National Instruments Corp, cutting an estimated $40.4M.
  • Twin Securities fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $76M.
  • Twin Securities's ten largest holdings make up 100% of its $180M portfolio in Q2 2023.
  • Twin Securities opened 9 new positions and closed 7 in Q2 2023.
  • Twin Securities's portfolio value fell 0.77% quarter-over-quarter to $180M.

Based on Twin Securities's 13F filing for Q2 2023, filed 14 Aug 2023.