Twin Securities, Inc.
Broker-DealerCIK
1351351
Location
New York, NY
Portfolio Value
Small
$206,104,890
Diversification
Highly concentrated
Filing Date
Global Rank
#4,122
/ 8,605
▲ 768
· as of Mar 2026
Top Industry
Electronic Gaming & Multimedia
44.8%
3Y Alpha vs SPY
-17.4%
Period ended 3 months ago
Filed May 15, 2026 · 55d
24 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+5.6%
SPY
+76.5%
Annualised alpha
-19.0%
Max drawdown
−41.9%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
16 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
44.2%
+12.9 pts
Top 5
85.5%
−7.0 pts
Top 10
98.3%
−1.6 pts
HHI
2,531
Highly concentrated+78
Portfolio Trend
24 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Communication Services | 62.3% | $128,349,657 |
| Healthcare | 19.4% | $39,982,574 |
| Technology | 14.1% | $28,979,656 |
| Consumer Defensive | 4.0% | $8,284,113 |
| Industrials | 0.2% | $508,890 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
6 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CWAN | Clearwater Analytics Holdings, Inc. | +1,114,776 | 1,164,090 | $27,530,728 | |
| EA | Electronic Arts Inc. | +207,112 | 446,948 | $91,119,288 | |
| WBD | Warner Bros. Discovery, Inc. | +164,826 | 1,299,915 | $35,695,665 | |
| HOLX | HOLOGIC INC | +94,523 | 179,036 | $13,533,331 | |
| KVUE | Kenvue Inc. | +74,934 | 480,517 | $8,284,113 | |
| MANU | Manchester United plc | +350 | 14,920 | $250,954 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SGRY | Surgery Partners, Inc. | −160,233 | 10,025 | $119,498 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
8 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| RVMD | Revolution Medicines, Inc. | 77,593 | $7,545,919 | |
| ACLX | Arcellx, Inc. | 53,982 | $6,198,213 | |
| TERN | Terns Pharmaceuticals, Inc. | 115,958 | $6,113,305 | |
| APLS | Apellis Pharmaceuticals, Inc. | 127,440 | $5,126,911 | |
| OS | OneStream, Inc. | 60,372 | $1,448,928 | |
| TTWO | Take Two Interactive Software Inc | 6,500 | $1,283,750 | |
| DAWN | Day One Biopharmaceuticals, Inc. | 31,626 | $678,061 | |
| RNA | Atrium Therapeutics, Inc. | 49,913 | $667,336 | |
| No positions match the current search. | ||||
16 positions ·
$206,104,890 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| EA |
Electronic Arts Inc.
Communication Services
|
Added | 446,948 | $91,119,288 | 44.21% | |
| WBD |
Warner Bros. Discovery, Inc.
Communication Services
|
Added | 1,299,915 | $35,695,665 | 17.32% | |
| CWAN |
Clearwater Analytics Holdings, Inc.
Technology
|
Added | 1,164,090 | $27,530,728 | 13.36% | |
| HOLX |
HOLOGIC INC
Healthcare
|
Added | 179,036 | $13,533,331 | 6.57% | |
| KVUE |
Kenvue Inc.
Consumer Defensive
|
Added | 480,517 | $8,284,113 | 4.02% | |
| RVMD |
Revolution Medicines, Inc.
Healthcare
|
NEW | 77,593 | $7,545,919 | 3.66% | |
| ACLX |
Arcellx, Inc.
Healthcare
|
NEW | 53,982 | $6,198,213 | 3.01% | |
| TERN |
Terns Pharmaceuticals, Inc.
Healthcare
|
NEW | 115,958 | $6,113,305 | 2.97% | |
| APLS |
Apellis Pharmaceuticals, Inc.
Healthcare
|
NEW | 127,440 | $5,126,911 | 2.49% | |
| OS |
OneStream, Inc.
Technology
|
NEW | 60,372 | $1,448,928 | 0.70% | |
| TTWO |
Take Two Interactive Software Inc
Communication Services
|
NEW | 6,500 | $1,283,750 | 0.62% | |
| DAWN |
Day One Biopharmaceuticals, Inc.
Healthcare
|
NEW | 31,626 | $678,061 | 0.33% | |
| RNA |
Atrium Therapeutics, Inc.
Healthcare
|
NEW | 49,913 | $667,336 | 0.32% | |
| TIC |
TIC Solutions, Inc.
Industrials
|
Held | 77,339 | $508,890 | 0.25% | |
| MANU |
Manchester United plc
Communication Services
|
Added | 14,920 | $250,954 | 0.12% | |
| SGRY |
Surgery Partners, Inc.
Healthcare
|
Reduced | 10,025 | $119,498 | 0.06% |