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Twin Tree Management Portfolio holdings
AUM
$4.75B
1-Year Est. Return
58.16%
This Fund
S&P 500
This Quarter
Est. Return
+6.47%
1 Year Est. Return
+58.16%
3 Year Est. Return
+159.37%
5 Year Est. Return
+138.93%
10 Year Est. Return
+547.41%
AUM
$11.5B
AUM Growth
-$12.6B
(-52%)
Cap. Flow
-$13.4B
Cap. Flow
% of AUM
-116.91%
Top 10 Holdings %
Top 10 Hldgs %
19.57%
Holding
1,782
New
369
Increased
257
Reduced
664
Closed
431
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$17.4M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$17.2M |
| 3 |
Coinbase
COIN
|
+$16.1M |
| 4 |
Accenture
ACN
|
+$12.6M |
| 5 |
XYZ
Block Inc
XYZ
|
+$11.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P Biotech ETF
XBI
|
+$76M |
| 2 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$50.6M |
| 3 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$44.5M |
| 4 |
Seagate
STX
|
+$44.4M |
| 5 |
SoFi Technologies
SOFI
|
+$34.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 2.69% |
| 2 | Consumer Discretionary | 1% |
| 3 | Materials | 0.99% |
| 4 | Financials | 0.76% |
| 5 | Healthcare | 0.75% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
251
PUT
SoFi Technologies
SOFI
$21.7B
| $11.6M | 0.1% |
441,600
-2,938,200
| -87% | -$81.9M |
|
252
PUT
Vertex Pharmaceuticals
VRTX
$122B
| $11.5M | 0.1% |
25,400
-21,200
| -45% | -$9.14M |
|
253
CALL
Walt Disney
DIS
$168B
| $11.5M | 0.1% |
101,100
-91,400
| -47% | -$10.1M |
|
254
PUT
Pinterest
PINS
$13.2B
| $11.4M | 0.1% |
439,000
-640,800
| -59% | -$18.4M |
|
255
CALL
Bank of America
BAC
$436B
| $11.3M | 0.1% |
+206,000
| New | +$10.9M |
|
256
CALL
Canadian Natural Resources
CNQ
$93.4B
| $11.3M | 0.1% |
334,500
-151,500
| -31% | -$4.91M |
|
257
PUT
Duke Energy
DUK
$100B
| $11.2M | 0.1% |
95,400
-116,100
| -55% | -$14.2M |
|
258
PUT
On Holding
ONON
$12.4B
| $11.1M | 0.1% |
238,800
+77,900
| +48% | +$3.36M |
|
259
CALL
Waste Management
WM
$95.5B
| $11.1M | 0.1% |
50,500
+12,800
| +34% | +$2.73M |
|
260
PUT
Newmont
NEM
$98.5B
| $11.1M | 0.1% |
110,900
-236,300
| -68% | -$21.4M |
|
261
Kinross Gold
KGC
$28.6B
| $11M | 0.1% |
391,868
-395,149
| -50% | -$10.3M |
|
262
Texas Instruments
TXN
$255B
| $11M | 0.1% |
63,540
+49,663
| +358% | +$8.51M |
|
263
PUT
Howmet Aerospace
HWM
$115B
| $11M | 0.1% |
53,600
-15,900
| -23% | -$3.16M |
|
264
PUT
Constellation Brands
STZ
$22.2B
| $10.9M | 0.09% |
78,800
-9,700
| -11% | -$1.33M |
|
265
CALL
Tenet Healthcare
THC
$21B
| $10.8M | 0.09% |
54,500
-2,500
| -4% | -$505K |
|
266
PUT
Rivian
RIVN
$23.9B
| $10.8M | 0.09% |
548,100
+426,000
| +349% | +$6.76M |
|
267
PUT
Microchip Technology
MCHP
$42.3B
| $10.7M | 0.09% |
168,600
-490,800
| -74% | -$30.3M |
|
268
CALL
Oracle
ORCL
$345B
| $10.7M | 0.09% |
55,100
-348,200
| -86% | -$82.9M |
|
269
PUT
Capital One
COF
$127B
| $10.7M | 0.09% |
+44,300
| New | +$9.86M |
|
270
CALL
Logitech
LOGI
$15.5B
| $10.7M | 0.09% |
106,500
-23,000
| -18% | -$2.59M |
|
271
CALL
Affiliated Managers Group
AMG
$9.61B
| $10.6M | 0.09% |
+36,900
| New | +$9.54M |
|
272
CALL
Zillow
Z
$7.32B
| $10.6M | 0.09% |
155,300
-4,300
| -3% | -$311K |
|
273
PUT
Spotify
SPOT
$102B
| $10.5M | 0.09% |
18,000
+2,000
| +13% | +$1.25M |
|
274
CALL
Cincinnati Financial
CINF
$28.5B
| $10.4M | 0.09% |
63,500
+33,100
| +109% | +$5.36M |
|
275
PUT
VF Corp
VFC
$6.72B
| $10.4M | 0.09% |
573,600
+361,300
| +170% | +$5.85M |
|
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RS
MF
SCB
WAM
Twin Tree Management's Q4 2025 Portfolio in Review
As of Q4 2025, Twin Tree Management held 1,782 positions worth $11.5B, down 52% from $24B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Twin Tree Management withdrew a net $13.4B in Q4 2025, closing 431 positions and reducing 664 holdings. Its most notable exit was VanEck Junior Gold Miners ETF, an estimated $50.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 2.7% of assets, up from 2% a quarter earlier, followed by Consumer Discretionary and Materials.
Against the trend, Twin Tree Management opened a new position in Johnson & Johnson worth $18.2M.
- Twin Tree Management's largest Q4 2025 buy was Johnson & Johnson: 87,808 shares worth $18.2M.
- Twin Tree Management added most to Coinbase in Q4 2025, an estimated $16.1M increase.
- Twin Tree Management's biggest Q4 2025 reduction was State Street SPDR S&P Biotech ETF, cutting an estimated $76M.
- Twin Tree Management fully exited VanEck Junior Gold Miners ETF in Q4 2025, selling an estimated $50.6M.
- Twin Tree Management's ten largest holdings make up 20% of its $11.5B portfolio in Q4 2025.
- Twin Tree Management opened 369 new positions and closed 431 in Q4 2025.
- Twin Tree Management's portfolio value fell 52% quarter-over-quarter to $11.5B.
Based on Twin Tree Management's 13F filing for Q4 2025, filed 11 Feb 2026.