Q3 2025 · 13F-HR
Twin Securities, Inc.holdings as filed
Filed 2025-11-14 · accession 0001172661-25-005055
$201.2M
Reported value
15
Positions
2025-09-30
Period end
The Brief · Twin Securities, Inc. · Q3 2025
AI · grounded in 13F
Twin Securities, Inc. established a new position in VRNA valued at $53.5M. The fund also initiated new stakes in K for $45.4M and 2GH for $29.2M. Other new additions include 07WA at $25.8M and CYBR at $22.6M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 925050106 | VRNA | VERONA PHARMA PLC | $53.5M | 26.6% | 501,113 | Common | SOLE |
| 487836108 | K | KELLANOVA | $45.4M | 22.6% | 553,655 | Common | SOLE |
| N5749R100 | 2GH | MERUS N V | $29.2M | 14.5% | 310,263 | Common | SOLE |
| 62482R107 | 07WA | MR COOPER GROUP INC | $25.8M | 12.8% | 122,358 | Common | SOLE |
| M2682V108 | CYBR | CYBERARK SOFTWARE LTD | $22.6M | 11.2% | 46,813 | Common | SOLE |
| 848574109 | S9Q | SPIRIT AEROSYSTEMS HLDGS INC | $10.0M | 4.96% | 258,381 | Common | SOLE |
| 86881A100 | SGRY | SURGERY PARTNERS INC | $3.1M | 1.54% | 142,872 | Common | SOLE |
| G98196101 | W9N0 | WNS HLDGS LTD | $2.5M | 1.24% | 32,814 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $2.5M | 1.24% | 127,717 | Common | SOLE |
| 00510N102 | TIC | ACUREN CORP | $1.6M | 0.81% | 123,056 | Common | SOLE |
| 097023105 | BA | BOEING CO | $1.6M | 0.79% | 7,400 | CALL | SOLE |
| 89157D105 | TRML | TOURMALINE BIO INC | $1.6M | 0.79% | 33,301 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $1.1M | 0.56% | 58,000 | CALL | SOLE |
| 729640102 | PLYM | PLYMOUTH INDL REIT INC | $449,860 | 0.22% | 20,146 | Common | SOLE |
| G5784H106 | MANU | MANCHESTER UTD PLC NEW | $223,512 | 0.11% | 14,763 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.