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Twin Tree Management Portfolio holdings
AUM
$5.31B
Turnover
52.19%
1-Year Est. Return
55.82%
Twin Tree Management runs private investment funds that follow a relative value strategy, aiming to profit from mispriced volatility and correlation. To do it, the firm trades derivatives such as options, variance swaps, volatility swaps and correlation swaps, along with convertible bonds and structured products. Michael Presley is its principal owner. The firm was formed in 2009.
This Fund
S&P 500
This Quarter Est. Return
+18.43%
1 Year Est. Return
+55.82%
3 Year Est. Return
+175.36%
5 Year Est. Return
+159.83%
10 Year Est. Return
+633.35%
AUM
$5.31B
AUM Growth
+$564M
(+12%)
Cap. Flow
+$113M
Cap. Flow % of AUM
Cap. Flow %
2.12%
Top 10 Holdings %
Top 10 Hldgs %
17.55%
Holding
1,757
New
517
Increased
373
Reduced
410
Closed
400
Avg Time Held
Equity + Options
0.9
years
Top 10 Avg Time Held
Equity + Options
2.7
years
Top 20 Avg Time Held
Equity + Options
1.5
years
Avg Time Held Equity only
0.5
years
Top 10 Avg Time Held Equity only
0.1
years
Top 20 Avg Time Held Equity only
0.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Netflix
NFLX
|
+$17.2M |
| 2 |
Oracle
ORCL
|
+$12.8M |
| 3 |
Constellation Energy
CEG
|
+$9.8M |
| 4 |
Salesforce
CRM
|
+$8.3M |
| 5 |
Amazon
AMZN
|
+$7.86M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$12.2M |
| 2 |
ServiceNow
NOW
|
+$10.4M |
| 3 |
Marvell Technology
MRVL
|
+$8.27M |
| 4 |
CrowdStrike
CRWD
|
+$7.76M |
| 5 |
Astera Labs
ALAB
|
+$7.76M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 89.98% |
| 2 | Technology | 4.02% |
| 3 | Consumer Discretionary | 1.15% |
| 4 | Financials | 0.88% |
| 5 | Materials | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
PUT
United Parcel Service
UPS
$91.3B
| $23.2M | 0.44% |
215,700
+196,300
| +1,012% | +$20.4M |
2025 Q3
3 quarters
|
|
|
27
PUT
Oracle
ORCL
$423B
| $22.9M | 0.43% |
156,600
-17,000
| -10% | -$3.08M |
2023 Q2
12 quarters
|
|
28
PUT
VanEck Gold Miners ETF
GDX
$25B
| $21.7M | 0.41% |
288,200
-55,800
| -16% | -$4.93M |
2022 Q1
17 quarters
|
|
29
PUT
NVIDIA
NVDA
$5.16T
| $19.7M | 0.37% |
98,300
+49,600
| +102% | +$10.2M |
2016 Q3
39 quarters
|
|
30
CALL
iShares Gold Trust
IAU
$59.6B
| $19.5M | 0.37% |
258,800
+201,900
| +355% | +$17.1M |
2023 Q1
13 quarters
|
|
31
CALL
iShares Silver Trust
SLV
$25.4B
| $19.5M | 0.37% |
365,400
-274,400
| -43% | -$18.2M |
2025 Q4
2 quarters
|
|
|
32
PUT
iShares Gold Trust
IAU
$59.6B
| $19.5M | 0.37% |
257,700
-220,800
| -46% | -$18.7M |
2023 Q2
12 quarters
|
|
33
PUT
Bank of Montreal
BMO
$122B
| $19.5M | 0.37% |
110,100
-13,400
| -11% | -$2.11M |
2025 Q3
3 quarters
|
|
34
PUT
Altria Group
MO
$128B
| $19.3M | 0.36% |
268,500
+141,300
| +111% | +$9.9M |
2025 Q2
4 quarters
|
|
35
CALL
Bristol-Myers Squibb
BMY
$125B
| $19M | 0.36% |
329,900
+232,600
| +239% | +$13.4M |
2023 Q4
10 quarters
|
|
36
CALL
Carnival Corporation Ltd
CCL
$38.8B
| $18.9M | 0.36% |
662,400
+609,300
| +1,147% | +$16.6M |
2023 Q1
13 quarters
|
|
37
PUT
Berkshire Hathaway Class B
BRK.B
$1.16T
| $18.6M | 0.35% |
37,200
-26,500
| -42% | -$12.7M |
2022 Q3
15 quarters
|
|
38
PUT
iShares Expanded Tech-Software Sector ETF
IGV
$14.3B
| $18.4M | 0.35% |
203,200
+180,000
| +776% | +$16M |
2025 Q3
3 quarters
|
|
39
CALL
Mettler-Toledo International
MTD
$34.4B
| $18.4M | 0.35% |
+14,400
| New | +$17.4M |
2026 Q2
0 quarters
|
|
40
PUT
Tesla
TSLA
$1.59T
| $18.3M | 0.34% |
43,400
+7,400
| +21% | +$2.94M |
2017 Q2
36 quarters
|
|
41
PUT
Pfizer
PFE
$171B
| $18.1M | 0.34% |
750,300
+463,500
| +162% | +$12.1M |
2025 Q4
2 quarters
|
|
42
PUT
Republic Services
RSG
$72.4B
| $17.6M | 0.33% |
+82,700
| New | +$17.3M |
2026 Q2
0 quarters
|
|
|
43
PUT
Astera Labs
ALAB
$50.4B
| $17.6M | 0.33% |
36,400
-23,800
| -40% | -$6.32M |
2025 Q1
5 quarters
|
|
44
PUT
Dell
DELL
$302B
| $17.5M | 0.33% |
40,500
-28,600
| -41% | -$8.27M |
2023 Q4
10 quarters
|
|
45
CALL
Welltower
WELL
$171B
| $17.4M | 0.33% |
+76,800
| New | +$16.2M |
2026 Q2
0 quarters
|
|
|
46
PUT
Salesforce
CRM
$190B
| $17.4M | 0.33% |
+110,900
| New | +$19.5M |
2026 Q2
0 quarters
|
|
47
PUT
Newmont
NEM
$116B
| $17.4M | 0.33% |
185,800
+178,100
| +2,313% | +$19.4M |
2024 Q2
8 quarters
|
|
48
PUT
Vertiv
VRT
$94.7B
| $16.7M | 0.31% |
49,800
+18,100
| +57% | +$5.74M |
2023 Q4
10 quarters
|
|
|
49
CALL
Pfizer
PFE
$171B
| $16.4M | 0.31% |
681,500
+241,300
| +55% | +$6.31M |
2018 Q3
31 quarters
|
|
50
CALL
CVS Health
CVS
$116B
| $16.3M | 0.31% |
158,000
-17,900
| -10% | -$1.6M |
2020 Q4
22 quarters
|
|
Similar funds
MA
Twin Tree Management's Q2 2026 Portfolio in Review
As of Q2 2026, Twin Tree Management held 1,757 positions worth $5.31B, up 12% from $4.75B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Twin Tree Management's Q2 2026 filing shows 517 new, 373 increased, 410 reduced and 400 closed positions. Its largest new stake was Constellation Energy: 34,632 shares worth $8.6M. The largest sale was Micron Technology, an estimated $12.2M.
By sector, the portfolio is most concentrated in Miscellaneous at 90% of assets, down from 91% a quarter earlier, followed by Technology and Consumer Discretionary.
- Twin Tree Management's largest Q2 2026 buy was Constellation Energy: 34,632 shares worth $8.6M.
- Twin Tree Management added most to Netflix in Q2 2026, an estimated $17.2M increase.
- Twin Tree Management's biggest Q2 2026 reduction was Micron Technology, cutting an estimated $12.2M.
- Twin Tree Management fully exited ServiceNow in Q2 2026, selling an estimated $10.4M.
- Twin Tree Management's ten largest holdings make up 18% of its $5.31B portfolio in Q2 2026.
- Twin Tree Management opened 517 new positions and closed 400 in Q2 2026.
- Twin Tree Management's portfolio value rose 12% quarter-over-quarter to $5.31B.
Based on Twin Tree Management's 13F filing for Q2 2026, filed 12 Aug 2026.