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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 | |
|---|---|---|---|---|---|---|---|
76
PUT
British American Tobacco
BTI
$131B
| $12.5M | 0.24% |
202,400
+147,300
| +267% | +$8.89M |
2024 Q3
7 quarters
|
|
77
CALL
Motorola Solutions
MSI
$86.5B
| $12.5M | 0.23% |
30,000
+12,500
| +71% | +$5.23M |
2025 Q3
3 quarters
|
|
78
PUT
iShares Russell 2000 ETF
IWM
$77.7B
| $12.2M | 0.23% |
40,700
+23,300
| +134% | +$6.55M |
2025 Q4
2 quarters
|
|
|
79
PUT
Constellation Energy
CEG
$95.3B
| $12.2M | 0.23% |
49,000
+18,600
| +61% | +$5.24M |
2024 Q1
9 quarters
|
|
80
CALL
HSBC
HSBC
$309B
| $12.2M | 0.23% |
127,800
+85,000
| +199% | +$7.76M |
2025 Q2
4 quarters
|
|
|
81
CALL
CrowdStrike
CRWD
$230B
| $12.1M | 0.23% |
63,200
-35,200
| -36% | -$5M |
2024 Q2
8 quarters
|
|
82
CALL
ExxonMobil
XOM
$664B
| $12M | 0.23% |
87,500
-30,500
| -26% | -$4.56M |
2018 Q2
32 quarters
|
|
83
PUT
Texas Instruments
TXN
$267B
| $12M | 0.23% |
40,100
+34,200
| +580% | +$9.49M |
2024 Q3
7 quarters
|
|
84
PUT
PayPal
PYPL
$49.4B
| $11.9M | 0.22% |
+276,400
| New | +$12.6M |
2026 Q2
0 quarters
|
|
85
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15B
| $11.8M | 0.22% |
141,500
+107,100
| +311% | +$8.94M |
2026 Q1
1 quarter
|
|
86
PUT
Palantir
PLTR
$403B
| $11.7M | 0.22% |
100,500
+3,300
| +3% | +$450K |
2023 Q3
11 quarters
|
|
87
CALL
Cincinnati Financial
CINF
$28.6B
| $11.6M | 0.22% |
62,500
+16,000
| +34% | +$2.65M |
2020 Q1
25 quarters
|
|
88
PUT
Ford
F
$49.1B
| $11.5M | 0.22% |
829,800
+525,400
| +173% | +$7.09M |
2025 Q4
2 quarters
|
|
89
PUT
W.W. Grainger
GWW
$67.6B
| $11.4M | 0.22% |
8,400
-5,200
| -38% | -$6.41M |
2023 Q4
10 quarters
|
|
90
CALL
National Grid
NGG
$84.1B
| $11.4M | 0.21% |
137,200
+81,100
| +145% | +$6.9M |
2024 Q3
7 quarters
|
|
91
PUT
Corning
GLW
$97.4B
| $11.3M | 0.21% |
44,300
+16,200
| +58% | +$2.95M |
2024 Q3
7 quarters
|
|
|
92
Oracle
ORCL
$367B
| $11.3M | 0.21% |
76,925
+70,720
| +1,140% | +$12.8M |
2025 Q4
2 quarters
|
|
93
CALL
United Rentals
URI
$69.2B
| $11.2M | 0.21% |
9,900
-6,200
| -39% | -$5.9M |
2024 Q4
6 quarters
|
|
94
CALL
Allstate
ALL
$63.5B
| $11.1M | 0.21% |
46,700
+4,800
| +11% | +$1.04M |
2025 Q2
4 quarters
|
|
95
PUT
CVS Health
CVS
$111B
| $11M | 0.21% |
106,800
+93,500
| +703% | +$8.35M |
2024 Q3
7 quarters
|
|
96
CALL
Starbucks
SBUX
$123B
| $11M | 0.21% |
108,000
+7,400
| +7% | +$745K |
2023 Q4
10 quarters
|
|
97
CALL
W.P. Carey
WPC
$15.1B
| $10.9M | 0.21% |
152,500
-76,400
| -33% | -$5.6M |
2019 Q1
29 quarters
|
|
98
PUT
Cameco
CCJ
$32.1B
| $10.9M | 0.2% |
106,800
+84,100
| +370% | +$9.43M |
2024 Q3
7 quarters
|
|
99
CALL
Yum! Brands
YUM
$42.7B
| $10.9M | 0.2% |
68,000
+27,100
| +66% | +$4.2M |
2025 Q4
2 quarters
|
|
|
100
PUT
CrowdStrike
CRWD
$230B
| $10.8M | 0.2% |
56,800
-74,000
| -57% | -$10.5M |
2023 Q3
11 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.