Twin Securities, Inc. 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Twin Securities, Inc. disclosed 13 US equity positions worth $198.5m in its Q3 2025 13F filing. The largest position was VRNA at 26.9% of the reported book, followed by KEL and MERUS N V. Against the Q2 2025 filing, it opened 8 new positions, added to 3 and reduced 2 among the top 13 holdings.
What did Twin Securities, Inc. own in Q3 2025? Top 13 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | VRNA VERONA PHARMA PLC | 26.9% | $53.5m | 501,113 | – | new | |
| 2 | KEL KELLANOVA | 22.9% | $45.4m | 553,655 | 29% | added | |
| 3 | MERUS N V | 14.7% | $29.2m | 310,263 | – | new | |
| 4 | 07WA MR COOPER GROUP INC | 13.0% | $25.8m | 122,358 | – | new | |
| 5 | CYBERARK SOFTWARE LTD | 11.4% | $22.6m | 46,813 | – | new | |
| 6 | S9Q SPIRIT AEROSYSTEMS HLDGS INC | 5.0% | $10.0m | 258,381 | 2% | added | |
| 7 | SGRY SURGERY PARTNERS INC | Healthcare | 1.6% | $3.1m | 142,872 | -72% | reduced |
| 8 | WNS HLDGS LTD | 1.3% | $2.5m | 32,814 | – | new | |
| 9 | WBD WARNER BROS DISCOVERY INC | Communication Services | 1.3% | $2.5m | 127,717 | – | new |
| 10 | TIC ACUREN CORP | 0.8% | $1.6m | 123,056 | -72% | reduced | |
| 11 | TRML TOURMALINE BIO INC | 0.8% | $1.6m | 33,301 | – | new | |
| 12 | PLYM PLYMOUTH INDL REIT INC | 0.2% | $449.9k | 20,146 | – | new | |
| 13 | MANCHESTER UTD PLC NEW | 0.1% | $223.5k | 14,763 | 22% | added |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.