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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
+10.76%
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
$411M
AUM Growth
+$231M
Cap. Flow
+$210M
Cap. Flow %
51.17%
Top 10 Hldgs %
99.46%
Holding
19
New
7
Increased
3
Reduced
2
Closed
7

Top Buys

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$188M
2
VMW
VMware, Inc
VMW
+$12M
3
SGEN
Seagen Inc. Common Stock
SGEN
+$4.65M
4
SIMO icon
Silicon Motion
SIMO
+$4.62M
5
KVUE icon
Kenvue
KVUE
+$3.44M

Top Sells

Rank Stock Value
1
ISEE
IVERIC bio, Inc. Common Stock
ISEE
+$12.3M
2
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$5.6M
3
DICE
DICE Therapeutics, Inc. Common Stock
DICE
+$4.26M
4
NATI
National Instruments Corp
NATI
+$3.46M
5
VYX icon
NCR Voyix
VYX
+$504K

Sector Composition

Rank Sector Weight
1 Technology 50.94%
2 Healthcare 28.94%
3 Consumer Staples 0.73%
4 Materials 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ATVI
1
DELISTED
Activision Blizzard
ATVI
$193M 46.9%
2,058,368
+2,058,111
+800,821% +$188M
HZNP
2
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$92.6M 22.55%
800,784
-52,129
-6% -$5.6M
ATVI
3
CALL
DELISTED
Activision Blizzard
ATVI
$42.6M 10.36%
454,500
+376,800
+485% +$34.4M
ATVI
4
PUT
DELISTED
Activision Blizzard
ATVI
$28.9M 7.03%
+308,700
New +$28.2M
SGEN
5
DELISTED
Seagen Inc. Common Stock
SGEN
$26.3M 6.4%
123,892
+23,293
+23% +$4.65M
VMW
6
DELISTED
VMware, Inc
VMW
$12.4M 3.03%
+74,682
New +$12M
SIMO icon
7
Silicon Motion
SIMO
$9.19B
$4.16M 1.01%
+81,233
New +$4.62M
SGEN
8
CALL
DELISTED
Seagen Inc. Common Stock
SGEN
$3.69M 0.9%
+17,400
New +$3.48M
KVUE icon
9
Kenvue
KVUE
$37B
$2.98M 0.73%
+148,400
New +$3.44M
HZNP
10
CALL
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$2.31M 0.56%
20,000
-89,900
-82% -$9.66M
KVUE icon
11
CALL
Kenvue
KVUE
$37B
$1.85M 0.45%
+92,000
New +$2.13M
SGEN
12
PUT
DELISTED
Seagen Inc. Common Stock
SGEN
$382K 0.09%
+1,800
New +$360K
EA icon
13
CALL
Electronic Arts
EA
$52.4B
– –
-10,000
Closed -$1.3M
VYX icon
14
NCR Voyix
VYX
$1.06B
– –
-32,615
Closed -$504K
NATI
15
DELISTED
National Instruments Corp
NATI
– –
-60,220
Closed -$3.46M
DICE
16
DELISTED
DICE Therapeutics, Inc. Common Stock
DICE
– –
-91,680
Closed -$4.26M
UNVR
17
DELISTED
Univar Solutions Inc.
UNVR
– –
-12,642
Closed -$453K
ISEE
18
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
– –
-311,549
Closed -$12.3M
HZNP
19
PUT
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
– –
-322,500
Closed -$33.2M

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 Q3 2023 Portfolio in Review

As of Q3 2023, Twin Securities held 19 positions worth $411M, up 128% from $180M the previous quarter. Its ten largest holdings account for 99% of the portfolio.

Twin Securities deployed $210M of net new capital in Q3 2023, opening 7 new positions and adding to 3 existing holdings. Its largest new stake was VMware, Inc: 74,682 shares worth $12.4M.

By sector, the portfolio is most concentrated in Technology at 51% of assets, up from 2.2% a quarter earlier, followed by Healthcare and Consumer Staples.

On the sell side, the largest reduction was Horizon Therapeutics Public Limited Company Ordinary Shares, an estimated $5.6M trimmed.

  • Twin Securities's largest Q3 2023 buy was VMware, Inc: 74,682 shares worth $12.4M.
  • Twin Securities added most to Activision Blizzard in Q3 2023, an estimated $188M increase.
  • Twin Securities's biggest Q3 2023 reduction was Horizon Therapeutics Public Limited Company Ordinary Shares, cutting an estimated $5.6M.
  • Twin Securities fully exited IVERIC bio, Inc. Common Stock in Q3 2023, selling an estimated $12.3M.
  • Twin Securities's ten largest holdings make up 99% of its $411M portfolio in Q3 2023.
  • Twin Securities opened 7 new positions and closed 7 in Q3 2023.
  • Twin Securities's portfolio value rose 128% quarter-over-quarter to $411M.

Based on Twin Securities's 13F filing for Q3 2023, filed 14 Nov 2023.