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Twin Securities, Inc.

Q3 2025 · Filed 2025-11-14
Market Value
$196M
+73.4%
Holdings
18
+1
New Purchases
7
Added To
3
Closed
6
Reduced
2
Top 10 Concentration
99.7%
Turnover
72.2%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VRNA 27.29% 0.00% +27.29% $53M
MRUS 14.91% 0.00% +14.91% $29M
COOP 13.16% 0.00% +13.16% $26M
CYBR 11.54% 0.00% +11.54% $23M
WBD 1.27% 0.00% +1.27% $2M
TRML 0.81% 0.00% +0.81% $2M
PLYM 0.23% 0.00% +0.23% $450K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
HES 0.00% 25.03% -25.03% $0
BPMC 0.00% 13.63% -13.63% $0
SGRY 1.58% 10.07% -8.49% $3M
K 23.17% 30.14% -6.97% $45M
SWTX 0.00% 4.22% -4.22% $0
SPR 5.09% 8.56% -3.47% $10M
TIC 0.84% 4.25% -3.41% $2M
DNB 0.00% 1.86% -1.86% $0
PZZA 0.00% 1.53% -1.53% $0
FL 0.00% 0.54% -0.54% $0
MANU 0.11% 0.19% -0.08% $224K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 6 $150M 76.4%
Mid Cap 7 $39M 20.1%
Small Cap 5 $7M 3.5%

Portfolio Analytics

Avg Market Cap
$16.1B
Median Market Cap
$4.4B
Avg P/E
29.3
Median P/E
27.5
Avg Dividend Yield
0.01%
Avg Beta
1.09
# Stocks
18
# ETFs / Funds
0

Top Holdings (18 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VRNA 27.29% 501,113 $53M $106.71 +501,113 NEW
2 K 23.17% 553,655 $45M $82.02 $11M +125,350 +29.3%
3 MRUS 14.91% 310,263 $29M $94.15 +310,263 NEW
4 COOP 13.16% 122,358 $26M $210.79 +122,358 NEW
5 CYBR 11.54% 46,813 $23M $483.15 +46,813 NEW
6 SPR 5.09% 258,381 $10M $38.60 $297K +4,738 +1.9%
7 SGRY 1.58% 142,872 $3M $21.64 -$8M -368,844 -72.1%
8 WBD 1.27% 127,717 $2M $19.53 +127,717 NEW
9 TIC 0.84% 123,056 $2M $13.31 -$3M -311,512 -71.7%
10 TRML 0.81% 33,301 $2M $47.83 +33,301 NEW
11 PLYM 0.23% 20,146 $450K $22.33 +20,146 NEW
12 MANU 0.11% 14,763 $224K $15.14 $7K +2,620 +21.6%
13 HES —% -$28M -204,131 -100.0% SOLD
14 PZZA —% -$2M -35,249 -100.0% SOLD
15 SWTX —% -$5M -101,402 -100.0% SOLD
16 BPMC —% -$15M -120,126 -100.0% SOLD
17 DNB —% -$2M -230,700 -100.0% SOLD
18 FL —% -$612K -25,000 -100.0% SOLD

Options Breakdown

2 Calls $3M Call Value 1 Puts $0 Put Value 0.0 P/C Ratio

Top Calls

SymbolSharesValueStatus
BA 7,400 $2M
WBD 58,000 $1M NEW

Top Puts

SymbolSharesValueStatus
K $0 SOLD

New Positions

SymbolValue% Port
VRNA $53M 27.29%
MRUS $29M 14.91%
COOP $26M 13.16%
CYBR $23M 11.54%
WBD $2M 1.27%
TRML $2M 0.81%
PLYM $450K 0.23%

Sold Out Positions

SymbolValue% Port
PZZA —%
HES —%
FL —%
BPMC —%
DNB —%
SWTX —%
View SEC EDGAR Filings for Twin Securities, Inc. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms