Twin Securities, Inc. Hedge Fund

CIK: 0001351351 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value ($000): $201,202 (100.0% shares, 0.0% debt)

Holdings (15)

— VERONA PHARMA PLC 26.6%

Value ($000) $53,474 Shares 501,113 Est. Cost $106.71 Unrealized —

— KELLANOVA 22.6%

Value ($000) $45,411 Shares 553,655 Est. Cost $78.36 Unrealized +0.3%

— MERUS N V 14.5%

Value ($000) $29,211 Shares 310,263 Est. Cost $94.15 Unrealized —

— MR COOPER GROUP INC 12.8%

Value ($000) $25,792 Shares 122,358 Est. Cost $210.79 Unrealized —

— CYBERARK SOFTWARE LTD 11.2%

Value ($000) $22,618 Shares 46,813 Est. Cost $483.15 Unrealized —

— SPIRIT AEROSYSTEMS HLDGS INC 5.0%

Value ($000) $9,974 Shares 258,381 Est. Cost $34.49 Unrealized —

SGRY SURGERY PARTNERS INC 1.5%

Value ($000) $3,092 Shares 142,872 Est. Cost $23.16 Unrealized -3.7%

— WNS HLDGS LTD 1.2%

Value ($000) $2,503 Shares 32,814 Est. Cost $76.27 Unrealized —

WBD WARNER BROS DISCOVERY INC 1.2%

Value ($000) $2,494 Shares 127,717 Est. Cost $13.62 Unrealized 0.0%

TIC ACUREN CORP 0.8%

Value ($000) $1,638 Shares 123,056 Est. Cost $11.94 Unrealized -4.5%

BA BOEING CO 0.8%

Value ($000) $1,597 Shares 7,400 Est. Cost — Unrealized —

— TOURMALINE BIO INC 0.8%

Value ($000) $1,593 Shares 33,301 Est. Cost $47.83 Unrealized —

WBD WARNER BROS DISCOVERY INC 0.6%

Value ($000) $1,133 Shares 58,000 Est. Cost $13.62 Unrealized 0.0%

PLYM PLYMOUTH INDL REIT INC 0.2%

Value ($000) $450 Shares 20,146 Est. Cost $22.33 Unrealized —

MANU MANCHESTER UTD PLC NEW 0.1%

Value ($000) $224 Shares 14,763 Est. Cost $17.43 Unrealized -2.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	VERONA PHARMA PLC	501,113	$53,474	26.6%	$106.71	—	SPONSORED ADS	925050106
—	KELLANOVA	553,655	$45,411	22.6%	$78.36	+0.3%	COM	487836108
—	MERUS N V	310,263	$29,211	14.5%	$94.15	—	COM	N5749R100
—	MR COOPER GROUP INC	122,358	$25,792	12.8%	$210.79	—	COM	62482R107
—	CYBERARK SOFTWARE LTD	46,813	$22,618	11.2%	$483.15	—	SHS	M2682V108
—	SPIRIT AEROSYSTEMS HLDGS INC	258,381	$9,974	5.0%	$34.49	—	COM CL A	848574109
SGRY	SURGERY PARTNERS INC	142,872	$3,092	1.5%	$23.16	-3.7%	COM	86881A100
—	WNS HLDGS LTD	32,814	$2,503	1.2%	$76.27	—	COM SHS	G98196101
WBD	WARNER BROS DISCOVERY INC	127,717	$2,494	1.2%	$13.62	0.0%	COM SER A	934423104
TIC	ACUREN CORP	123,056	$1,638	0.8%	$11.94	-4.5%	COM	00510N102
BA	BOEING CO	7,400	$1,597	0.8%	—	—	Call	097023105
—	TOURMALINE BIO INC	33,301	$1,593	0.8%	$47.83	—	COM	89157D105
WBD	WARNER BROS DISCOVERY INC	58,000	$1,133	0.6%	$13.62	0.0%	Call	934423104
PLYM	PLYMOUTH INDL REIT INC	20,146	$450	0.2%	$22.33	—	COM	729640102
MANU	MANCHESTER UTD PLC NEW	14,763	$224	0.1%	$17.43	-2.6%	ORD CL A	G5784H106