Twin Securities 13F annual report

Twin Securities is an investment fund managing more than $207 million ran by Daren Taubenfeld. There are currently 18 companies in Mr. Taubenfeld’s portfolio. The largest investments include Zendesk Inc and Global Blood Therapeutics In, together worth $80.5 million.

$207 million Assets Under Management (AUM)

As of 7th November 2022, Twin Securities’s top holding is 721,132 shares of Zendesk Inc currently worth over $54.9 million and making up 26.5% of the portfolio value. Relative to the number of outstanding shares of Zendesk Inc, Twin Securities owns more than approximately 0.1% of the company. In addition, the fund holds 376,669 shares of Global Blood Therapeutics In worth $25.7 million. The third-largest holding is Change Healthcare worth $25.4 million and the next is Shaw Communications worth $19.4 million, with 796,903 shares owned.

Currently, Twin Securities's portfolio is worth at least $207 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Twin Securities

The Twin Securities office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Daren Taubenfeld serves as the Chief Financial Officer at Twin Securities.

Recent trades

In the most recent 13F filing, Twin Securities revealed that it had opened a new position in Zendesk Inc and bought 721,132 shares worth $54.9 million.

On the other hand, there are companies that Twin Securities is getting rid of from its portfolio. Twin Securities closed its position in Slack Technologies Inc on 14th November 2022. It sold the previously owned 1,963,061 shares for $87 million.

One of the smallest hedge funds

The two most similar investment funds to Twin Securities are Teewinot Capital Advisers, L.L.C and Monaco Asset Management Sam. They manage $207 million and $207 million respectively.

Daren Taubenfeld investment strategy

Twin Securities’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Technology — making up 40.0% of the total portfolio value. The fund focuses on investments in the United States as 50.0% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 22% of the total holdings value. On the other hand, small-cap stocks make up only 5.6% of the portfolio. The average market cap of the portfolio companies is close to $13.3 billion.

The complete list of Twin Securities trades based on 13F SEC filings

These positions were updated on November 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Slack Technologies Inc	Closed 1,963,061	$86,964,000
Alexion Pharmaceuticals Inc.	Closed 353,881	$65,011,000
Maxim Integrated Prods Inc	Closed 616,245	$64,928,000
Zendesk Inc	Opened 721,132	$54,878,000	26.49%
Global Blood Therapeutics In	Opened 376,669	$25,651,000	12.38%
Change Healthcare Inc.	Opened 923,194	$25,379,000	12.25%
Shaw Communications Inc.	Opened 796,903	$19,356,000	9.34%
Xilinx, Inc.	Closed 102,718	$14,857,000
Twitter Inc	Opened 301,385	$13,213,000	6.38%
Atlas Air Worldwide Hldgs In	Opened 134,174	$12,823,000	6.19%
Kansas City Southern	Closed 44,738	$12,677,000
Signify Health, Inc.	Opened 394,859	$11,510,000	5.56%
Avalara Inc	Opened 121,589	$11,162,000	5.39%
Proofpoint Inc	Closed 55,867	$9,707,000
Biohaven Pharmactl Hldg Co L	Opened 55,000	$8,314,000	4.01%
Nielsen Hldgs Plc	Opened 256,722	$7,116,000	3.44%
Activision Blizzard Inc	Opened 89,084	$6,623,000	3.20%
Tenneco, Inc.	Opened 239,646	$4,167,000	2.01%
Grace W R & Co Del New	Closed 55,227	$3,817,000
NCR Corp.	Opened 119,362	$2,269,000	1.10%
Welbilt Inc	Closed 87,330	$2,022,000
PRA Health Sciences Inc	Closed 11,075	$1,830,000
Ironsource Ltd	Opened 499,634	$1,719,000	0.83%
Warner Bros.Discovery Inc	Opened 117,151	$1,347,000	0.65%
Tower Semiconductor Ltd.	Opened 29,427	$1,293,000	0.62%
TG Therapeutics Inc	Closed 17,500	$679,000
Supernova Partners Acquisiti	Closed 50,060	$497,000
Altisource Asset Mgmt Corp	Closed 24,781	$477,000
Aclaris Therapeutics Inc	Closed 12,500	$220,000
Biohaven Ltd	Opened 27,499	$173,000	0.08%
Momentive Global Inc	Opened 24,780	$144,000	0.07%
CHP Merger Corp	Closed 11,708	$116,000
Cohn Robbins Holdings Corp.	Closed 10,000	$99,000
Avanti Acquisition Corp.	Closed 10,000	$97,000
No transactions found
Showing first 500 out of 34 holdings