Twin Securities, Inc.
Q4 2025 13F-HR Holdings
Net value change ($000)
+60,450
(30.0%)
New positions
11
Sold out positions
8
Turnover %
128.1%
Sector allocation + QoQ delta (equities-only)
Snapshot: Change Analysis
Compared to Q3 2025
Methodology:
sector metrics are equities-only;
instrument mix chart is ex-options;
options exposure is shown separately.
Why this matters.
Top Adds (Value $000, Stocks/ETFs)
| EXAS | 49,113 | NEW |
| EA | 49,006 | NEW |
| CYBR | 36,773 | 162.6% |
| WBD | 29,640 | 1188.5% |
| RNAM | 26,338 | NEW |
| CFLT | 15,286 | NEW |
| NSC | 7,276 | NEW |
| KVUE | 6,996 | NEW |
| HOLX | 6,295 | NEW |
| DAY | 2,714 | NEW |
Top Reduces (Value $000, Stocks/ETFs)
| VRNA | -53,474 | -100.0% |
| KEL | -45,411 | -100.0% |
| Merus N.V. | -29,211 | -100.0% |
| COOP | -25,792 | -100.0% |
| Spirit AeroSystems Holdings, Inc. | -9,974 | -100.0% |
| WNS | -2,503 | -100.0% |
| TRML | -1,593 | -100.0% |
| TIC | -856 | -52.3% |
| SGRY | -462 | -14.9% |
| PLYM | -450 | -100.0% |
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000):
579
(0.2% of total reported value)
How this table is calculated:
SEC
VALUE ($000) is used as reported.
For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received.
Column % is bucket-based:
non-options share is calculated inside non-option total, options share is calculated inside options total.
Details.
Filter:
Instrument:
| Issuer Name | Ticker | Sector | Industry | Class | History | Value ($000) | % | Shares | Shares Δ | Shares Δ% | Value Δ ($000) | Value Δ% | Principal | Option Type |
|---|