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Twin Securities, Inc.

Q4 2025 · Filed 2026-02-17
Market Value
$261M
+33.2%
Holdings
23
+5
New Purchases
11
Added To
3
Closed
7
Reduced
2
Top 10 Concentration
97.5%
Turnover
78.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
EXAS 18.81% 0.00% +18.81% $49M
EA 18.77% 0.00% +18.77% $49M
CYBR 22.75% 11.54% +11.21% $59M
WBD 12.31% 1.27% +11.04% $32M
RNAM 10.09% 0.00% +10.09% $26M
CFLT 5.86% 0.00% +5.86% $15M
NSC 2.79% 0.00% +2.79% $7M
KVUE 2.68% 0.00% +2.68% $7M
HOLX 2.41% 0.00% +2.41% $6M
DAY 1.04% 0.00% +1.04% $3M
CWAN 0.46% 0.00% +0.46% $1M
CDTX 0.41% 0.00% +0.41% $1M
MLYS 0.23% 0.00% +0.23% $607K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VRNA 0.00% 27.29% -27.29% $0
K 0.00% 23.17% -23.17% $0
MRUS 0.00% 14.91% -14.91% $0
COOP 0.00% 13.16% -13.16% $0
SPR 0.00% 5.09% -5.09% $0
TRML 0.00% 0.81% -0.81% $0
SGRY 1.01% 1.58% -0.57% $3M
TIC 0.30% 0.84% -0.54% $782K
PLYM 0.00% 0.23% -0.23% $0
MANU 0.09% 0.11% -0.03% $232K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Large Cap 13 $255M 97.5%
Mid Cap 5 $3M 1.0%
Small Cap 5 $4M 1.5%

Portfolio Analytics

Avg Market Cap
$20.2B
Median Market Cap
$11.2B
Avg P/E
28.0
Median P/E
26.5
Avg Dividend Yield
0.01%
Avg Beta
1.03
# Stocks
23
# ETFs / Funds
0

Top Holdings (23 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 CYBR 22.75% 133,145 $59M $446.06 $37M +86,332 +184.4%
2 EXAS 18.81% 483,589 $49M $101.56 +483,589 NEW
3 EA 18.77% 239,836 $49M $204.33 +239,836 NEW
4 WBD 12.31% 1,114,989 $32M $28.82 $30M +987,272 +773.0%
5 RNAM 10.09% 365,144 $26M $72.13 +365,144 NEW
6 CFLT 5.86% 505,486 $15M $30.24 +505,486 NEW
7 NSC 2.79% 25,200 $7M $288.72 +25,200 NEW
8 KVUE 2.68% 405,583 $7M $17.25 +405,583 NEW
9 HOLX 2.41% 84,513 $6M $74.49 +84,513 NEW
10 DAY 1.04% 39,241 $3M $69.16 +39,241 NEW
11 SGRY 1.01% 170,258 $3M $15.45 -$461K +27,386 +19.2%
12 CWAN 0.46% 49,314 $1M $24.12 +49,314 NEW
13 CDTX 0.41% 4,900 $1M $220.89 +4,900 NEW
14 TIC 0.30% 77,339 $782K $10.11 -$856K -45,717 -37.1%
15 MLYS 0.23% 16,737 $607K $36.29 +16,737 NEW
16 MANU 0.09% 14,570 $232K $15.92 $8K -193 -1.3%
17 SPR —% -$10M -258,381 -100.0% SOLD
18 TRML —% -$2M -33,301 -100.0% SOLD
19 K —% -$45M -553,655 -100.0% SOLD
20 COOP —% -$26M -122,358 -100.0% SOLD
21 PLYM —% -$450K -20,146 -100.0% SOLD
22 VRNA —% -$53M -501,113 -100.0% SOLD
23 MRUS —% -$29M -310,263 -100.0% SOLD

New Positions

SymbolValue% Port
EXAS $49M 18.81%
EA $49M 18.77%
RNAM $26M 10.09%
CFLT $15M 5.86%
NSC $7M 2.79%
KVUE $7M 2.68%
HOLX $6M 2.41%
DAY $3M 1.04%
CWAN $1M 0.46%
CDTX $1M 0.41%
MLYS $607K 0.23%

Sold Out Positions

SymbolValue% Port
TRML —%
COOP —%
MRUS —%
K —%
PLYM —%
VRNA —%
SPR —%
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