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Twin Tree Management Portfolio holdings
AUM
$5.31B
1-Year Est. Return
55.82%
This Fund
S&P 500
This Quarter
Est. Return
+17.18%
1 Year Est. Return
+55.82%
3 Year Est. Return
+175.36%
5 Year Est. Return
+159.83%
10 Year Est. Return
+633.34%
AUM
$24B
AUM Growth
-$29.6B
(-55%)
Cap. Flow
-$2.12B
Cap. Flow
% of AUM
-8.8%
Top 10 Holdings %
Top 10 Hldgs %
23.31%
Holding
1,913
New
364
Increased
291
Reduced
710
Closed
500
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$56.5M |
| 2 |
Seagate
STX
|
+$29.2M |
| 3 |
State Street SPDR S&P Biotech ETF
XBI
|
+$26.9M |
| 4 |
Coinbase
COIN
|
+$24.8M |
| 5 |
KLA
KLAC
|
+$22M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard S&P 500 ETF
VOO
|
+$72.1M |
| 2 |
Quanta Services
PWR
|
+$69.9M |
| 3 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$59.6M |
| 4 |
VanEck Semiconductor ETF
SMH
|
+$58M |
| 5 |
State Street Technology Select Sector SPDR ETF
XLK
|
+$56.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 92.97% |
| 2 | Technology | 1.97% |
| 3 | Consumer Discretionary | 1.04% |
| 4 | Financials | 0.94% |
| 5 | Industrials | 0.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
701
CALL
Apollo Global Management
APO
$74.9B
| $5.89M | 0.02% |
+44,200
| New | +$6.26M |
|
702
PUT
Zillow
Z
$7.29B
| $5.89M | 0.02% |
76,400
-215,100
| -74% | -$17.6M |
|
703
CALL
T. Rowe Price
TROW
$22.3B
| $5.82M | 0.02% |
56,700
-38,400
| -40% | -$4.04M |
|
704
CALL
Antero Resources
AR
$11.9B
| $5.75M | 0.02% |
171,300
-112,300
| -40% | -$3.74M |
|
705
CALL
ON Semiconductor
ON
$28.6B
| $5.74M | 0.02% |
116,500
-49,000
| -30% | -$2.58M |
|
706
CALL
Brookfield
BN
$82.8B
| $5.73M | 0.02% |
125,400
-4,950
| -4% | -$219K |
|
707
Unity
U
$18.8B
| $5.72M | 0.02% |
142,886
-216,156
| -60% | -$8.02M |
|
708
CALL
ArcelorMittal
MT
$55.1B
| $5.7M | 0.02% |
157,800
-498,400
| -76% | -$16.8M |
|
709
Rocket Lab Corp
RKLB
$40.7B
| $5.67M | 0.02% |
118,435
+1,439
| +1% | +$65.3K |
|
710
PUT
Strategy Inc
MSTR
$50B
| $5.67M | 0.02% |
17,600
-440,900
| -96% | -$164M |
|
711
CALL
Carnival Corporation Ltd
CCL
$30.1B
| $5.64M | 0.02% |
195,100
+59,800
| +44% | +$1.81M |
|
|
712
PUT
Vanguard S&P 500 ETF
VOO
$1.04T
| $5.63M | 0.02% |
9,200
-1,101,100
| -99% | -$649M |
|
713
PUT
Wynn Resorts
WYNN
$8.98B
| $5.62M | 0.02% |
43,800
-371,000
| -89% | -$42.8M |
|
714
PUT
Akamai
AKAM
$15.2B
| $5.59M | 0.02% |
73,800
-240,100
| -76% | -$18.5M |
|
715
PUT
United Parcel Service
UPS
$87.5B
| $5.58M | 0.02% |
+66,800
| New | +$6.05M |
|
716
PUT
CarMax
KMX
$8.57B
| $5.57M | 0.02% |
124,100
-61,400
| -33% | -$3.67M |
|
717
CALL
Ferrari
RACE
$71.5B
| $5.53M | 0.02% |
+11,400
| New | +$5.46M |
|
718
CALL
Booz Allen Hamilton
BAH
$9.66B
| $5.53M | 0.02% |
55,300
+15,800
| +40% | +$1.69M |
|
719
CALL
Airbnb
ABNB
$99.2B
| $5.52M | 0.02% |
45,500
-386,900
| -89% | -$50.1M |
|
720
CALL
Flowserve
FLS
$9.04B
| $5.52M | 0.02% |
103,900
| – | – |
|
721
CALL
HEICO Corp
HEI
$41.4B
| $5.52M | 0.02% |
17,100
-36,700
| -68% | -$11.7M |
|
722
PUT
Interactive Brokers
IBKR
$39.7B
| $5.46M | 0.02% |
79,400
-25,400
| -24% | -$1.6M |
|
723
Salesforce
CRM
$212B
| $5.45M | 0.02% |
22,983
-18,681
| -45% | -$4.71M |
|
724
PUT
Shell
SHEL
$283B
| $5.44M | 0.02% |
76,000
-128,700
| -63% | -$9.27M |
|
725
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$4.19B
| $5.43M | 0.02% |
41,064
-82,900
| -67% | -$10.7M |
|
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Twin Tree Management's Q3 2025 Portfolio in Review
As of Q3 2025, Twin Tree Management held 1,913 positions worth $24B, down 55% from $53.7B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Twin Tree Management withdrew a net $2.12B in Q3 2025, closing 500 positions and reducing 710 holdings. Its most notable exit was Hewlett Packard, an estimated $46.5M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 93% of assets, down from 94% a quarter earlier, followed by Technology and Consumer Discretionary.
Against the trend, Twin Tree Management opened a new position in State Street SPDR S&P 500 ETF Trust worth $58.7M.
- Twin Tree Management's largest Q3 2025 buy was State Street SPDR S&P 500 ETF Trust: 88,100 shares worth $58.7M.
- Twin Tree Management added most to State Street SPDR S&P Biotech ETF in Q3 2025, an estimated $26.9M increase.
- Twin Tree Management's biggest Q3 2025 reduction was Vanguard S&P 500 ETF, cutting an estimated $72.1M.
- Twin Tree Management fully exited Hewlett Packard in Q3 2025, selling an estimated $46.5M.
- Twin Tree Management's ten largest holdings make up 23% of its $24B portfolio in Q3 2025.
- Twin Tree Management opened 364 new positions and closed 500 in Q3 2025.
- Twin Tree Management's portfolio value fell 55% quarter-over-quarter to $24B.
Based on Twin Tree Management's 13F filing for Q3 2025, filed 13 Nov 2025.