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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 | 1.14% |
| 4 | Financials | 0.88% |
| 5 | Materials | 0.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
CALL
Vanguard Total International Stock ETF
VXUS
$163B
| $15.8M | 0.3% |
+185,100
| New | +$15.5M |
2026 Q2
0 quarters
|
|
52
Microsoft
MSFT
$4.05T
| $15.7M | 0.3% |
42,101
+19,008
| +82% | +$7.69M |
2026 Q1
1 quarter
|
|
53
PUT
Kroger
KR
$40.2B
| $15.2M | 0.29% |
274,600
+88,500
| +48% | +$5.77M |
2026 Q1
1 quarter
|
|
54
PUT
Chipotle Mexican Grill
CMG
$45.2B
| $15.2M | 0.29% |
446,800
+225,500
| +102% | +$7.37M |
2024 Q4
6 quarters
|
|
55
CALL
Dell
DELL
$220B
| $14.9M | 0.28% |
34,500
-41,700
| -55% | -$12.1M |
2024 Q3
7 quarters
|
|
56
CALL
McKesson
MCK
$122B
| $14.9M | 0.28% |
19,700
+13,300
| +208% | +$10.5M |
2025 Q3
3 quarters
|
|
57
CALL
Markel Group
MKL
$23.9B
| $14.8M | 0.28% |
7,600
-3,000
| -28% | -$5.6M |
2024 Q4
6 quarters
|
|
58
iShares Gold Trust
IAU
$61.3B
| $14.7M | 0.28% |
194,746
+69,578
| +56% | +$5.91M |
2026 Q1
1 quarter
|
|
59
PUT
Burlington
BURL
$16.2B
| $14.6M | 0.27% |
+46,100
| New | +$14.9M |
2026 Q2
0 quarters
|
|
60
PUT
Meta Platforms (Facebook)
META
$1.64T
| $14.5M | 0.27% |
25,800
+10,600
| +70% | +$6.48M |
2013 Q3
51 quarters
|
|
|
61
Netflix
NFLX
$263B
| $14.4M | 0.27% |
202,050
+195,193
| +2,847% | +$17.2M |
2025 Q3
3 quarters
|
|
62
PUT
Toyota
TM
$257B
| $14M | 0.26% |
83,000
+48,700
| +142% | +$9.22M |
2025 Q1
5 quarters
|
|
63
CALL
Realty Income
O
$56.6B
| $13.9M | 0.26% |
224,500
+49,300
| +28% | +$3.07M |
2015 Q3
43 quarters
|
|
64
PUT
Eli Lilly
LLY
$1.26T
| $13.8M | 0.26% |
11,500
+10,300
| +858% | +$10.5M |
2023 Q3
11 quarters
|
|
65
CALL
Diageo
DEO
$56.4B
| $13.7M | 0.26% |
170,200
+152,300
| +851% | +$12.3M |
2025 Q1
5 quarters
|
|
66
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46B
| $13.5M | 0.25% |
+25,900
| New | +$12.9M |
2026 Q2
0 quarters
|
|
67
PUT
Fortinet
FTNT
$90B
| $13.3M | 0.25% |
+86,700
| New | +$10M |
2026 Q2
0 quarters
|
|
68
CALL
British American Tobacco
BTI
$129B
| $13.3M | 0.25% |
215,500
+142,000
| +193% | +$8.57M |
2022 Q1
17 quarters
|
|
|
69
PUT
Marvell Technology
MRVL
$139B
| $13.2M | 0.25% |
44,400
-114,400
| -72% | -$22.9M |
2021 Q2
20 quarters
|
|
70
CALL
W.W. Grainger
GWW
$67.8B
| $13.2M | 0.25% |
9,700
-2,900
| -23% | -$3.57M |
2023 Q4
10 quarters
|
|
71
PUT
GE Vernova
GEV
$220B
| $13.2M | 0.25% |
11,200
-11,400
| -50% | -$11.6M |
2025 Q2
4 quarters
|
|
72
SPDR Gold Trust
GLD
$138B
| $13.1M | 0.25% |
35,664
+11,187
| +46% | +$4.63M |
2025 Q1
5 quarters
|
|
73
PUT
Datadog
DDOG
$64.9B
| $13M | 0.25% |
50,100
+27,000
| +117% | +$5.02M |
2024 Q2
8 quarters
|
|
74
PUT
Expand Energy Corp
EXE
$19.9B
| $12.6M | 0.24% |
138,500
+109,300
| +374% | +$10.4M |
2025 Q1
5 quarters
|
|
75
PUT
Sandisk
SNDK
$126B
| $12.5M | 0.24% |
5,500
-2,400
| -30% | -$3.43M |
2026 Q1
1 quarter
|
|
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.