Twin Securities is an investment fund managing more than $207 million ran by Daren Taubenfeld. There are currently 18 companies in Mr. Taubenfeld’s portfolio. The largest investments include Zendesk Inc and Global Blood Therapeutics In, together worth $80.5 million.
As of 7th November 2022, Twin Securities’s top holding is 721,132 shares of Zendesk Inc currently worth over $54.9 million and making up 26.5% of the portfolio value.
Relative to the number of outstanding shares of Zendesk Inc, Twin Securities owns more than approximately 0.1% of the company.
In addition, the fund holds 376,669 shares of Global Blood Therapeutics In worth $25.7 million.
The third-largest holding is Change Healthcare worth $25.4 million and the next is Shaw Communications worth $19.4 million, with 796,903 shares owned.
Currently, Twin Securities's portfolio is worth at least $207 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Twin Securities office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Daren Taubenfeld serves as the Chief Financial Officer at Twin Securities.
In the most recent 13F filing, Twin Securities revealed that it had opened a new position in
Zendesk Inc and bought 721,132 shares worth $54.9 million.
On the other hand, there are companies that Twin Securities is getting rid of from its portfolio.
Twin Securities closed its position in Slack Technologies Inc on 14th November 2022.
It sold the previously owned 1,963,061 shares for $87 million.
The two most similar investment funds to Twin Securities are Teewinot Capital Advisers, L.L.C and Monaco Asset Management Sam. They manage $207 million and $207 million respectively.
Twin Securities’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Technology — making up 40.0% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
22% of the total holdings value.
On the other hand, small-cap stocks make up only 5.6% of the portfolio.
The average market cap of the portfolio companies is close to $13.3 billion.
These positions were updated on November 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Slack Technologies Inc |
Closed
1,963,061
|
$86,964,000 | |
| Alexion Pharmaceuticals Inc. |
Closed
353,881
|
$65,011,000 | |
| Maxim Integrated Prods Inc |
Closed
616,245
|
$64,928,000 | |
| Zendesk Inc |
Opened
721,132
|
$54,878,000 | 26.49% |
| Global Blood Therapeutics In |
Opened
376,669
|
$25,651,000 | 12.38% |
| Change Healthcare Inc. |
Opened
923,194
|
$25,379,000 | 12.25% |
| Shaw Communications Inc. |
Opened
796,903
|
$19,356,000 | 9.34% |
| Xilinx, Inc. |
Closed
102,718
|
$14,857,000 | |
| Twitter Inc |
Opened
301,385
|
$13,213,000 | 6.38% |
| Atlas Air Worldwide Hldgs In |
Opened
134,174
|
$12,823,000 | 6.19% |
| Kansas City Southern |
Closed
44,738
|
$12,677,000 | |
| Signify Health, Inc. |
Opened
394,859
|
$11,510,000 | 5.56% |
| Avalara Inc |
Opened
121,589
|
$11,162,000 | 5.39% |
| Proofpoint Inc |
Closed
55,867
|
$9,707,000 | |
| Biohaven Pharmactl Hldg Co L |
Opened
55,000
|
$8,314,000 | 4.01% |
| Nielsen Hldgs Plc |
Opened
256,722
|
$7,116,000 | 3.44% |
| Activision Blizzard Inc |
Opened
89,084
|
$6,623,000 | 3.20% |
| Tenneco, Inc. |
Opened
239,646
|
$4,167,000 | 2.01% |
| Grace W R & Co Del New |
Closed
55,227
|
$3,817,000 | |
| NCR Corp. |
Opened
119,362
|
$2,269,000 | 1.10% |
| Welbilt Inc |
Closed
87,330
|
$2,022,000 | |
| PRA Health Sciences Inc |
Closed
11,075
|
$1,830,000 | |
| Ironsource Ltd |
Opened
499,634
|
$1,719,000 | 0.83% |
| Warner Bros.Discovery Inc |
Opened
117,151
|
$1,347,000 | 0.65% |
| Tower Semiconductor Ltd. |
Opened
29,427
|
$1,293,000 | 0.62% |
| TG Therapeutics Inc |
Closed
17,500
|
$679,000 | |
| Supernova Partners Acquisiti |
Closed
50,060
|
$497,000 | |
| Altisource Asset Mgmt Corp |
Closed
24,781
|
$477,000 | |
| Aclaris Therapeutics Inc |
Closed
12,500
|
$220,000 | |
| Biohaven Ltd |
Opened
27,499
|
$173,000 | 0.08% |
| Momentive Global Inc |
Opened
24,780
|
$144,000 | 0.07% |
| CHP Merger Corp |
Closed
11,708
|
$116,000 | |
| Cohn Robbins Holdings Corp. |
Closed
10,000
|
$99,000 | |
| Avanti Acquisition Corp. |
Closed
10,000
|
$97,000 | |
| No transactions found | |||
| Showing first 500 out of 34 holdings | |||