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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 | |
|---|---|---|---|---|---|---|
1051
CALL
Lantheus
LNTH
$6.62B
| $805K | 0.01% |
12,100
| – | – |
|
1052
CALL
MGIC Investment
MTG
$6.44B
| $798K | 0.01% |
27,300
| – | – |
|
1053
Caesars Entertainment
CZR
$6.13B
| $796K | 0.01% |
34,025
-37,187
| -52% | -$836K |
|
1054
Cencora
COR
$61.6B
| $785K | 0.01% |
+2,323
| New | +$792K |
|
1055
Stellantis
STLA
$16.7B
| $783K | 0.01% |
+71,867
| New | +$773K |
|
1056
CALL
Avantor
AVTR
$8.17B
| $775K | 0.01% |
+67,600
| New | +$832K |
|
1057
PUT
Enphase Energy
ENPH
$4.75B
| $769K | 0.01% |
24,000
| – | – |
|
1058
CALL
Deckers Outdoor
DECK
$13.9B
| $767K | 0.01% |
7,400
+200
| +3% | +$18.7K |
|
1059
PUT
CenterPoint Energy
CNP
$29.3B
| $767K | 0.01% |
+20,000
| New | +$780K |
|
1060
Thomson Reuters
TRI
$45.8B
| $763K | 0.01% |
+5,698
| New | +$825K |
|
1061
CALL
Cheniere Energy
LNG
$52.6B
| $758K | 0.01% |
+3,900
| New | +$819K |
|
1062
PUT
Jackson Financial
JXN
$8.54B
| $757K | 0.01% |
+7,100
| New | +$706K |
|
1063
CALL
KBR
KBR
$4.75B
| $756K | 0.01% |
18,800
-17,100
| -48% | -$733K |
|
1064
CALL
Voya Financial
VOYA
$9.04B
| $745K | 0.01% |
10,000
| – | – |
|
1065
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.84B
| $735K | 0.01% |
16,200
| – | – |
|
1066
PUT
NiSource
NI
$22.2B
| $731K | 0.01% |
17,500
+1,400
| +9% | +$59.8K |
|
1067
CALL
DoorDash
DASH
$83.3B
| $725K | 0.01% |
3,200
-134,300
| -98% | -$31.5M |
|
1068
CALL
Invesco
IVZ
$13.1B
| $717K | 0.01% |
+27,300
| New | +$667K |
|
1069
PUT
Sempra
SRE
$60.3B
| $715K | 0.01% |
8,100
-47,300
| -85% | -$4.31M |
|
|
NVMI
1070
Nova
NVMI
$12.7B
| $711K | 0.01% |
+2,166
| New | +$696K |
|
1071
CALL
Iron Mountain
IRM
$37.1B
| $705K | 0.01% |
+8,500
| New | +$796K |
|
1072
CALL
Rocket Lab Corp
RKLB
$39B
| $698K | 0.01% |
+10,000
| New | +$573K |
|
1073
PUT
LyondellBasell Industries
LYB
$19.4B
| $688K | 0.01% |
15,900
+2,300
| +17% | +$104K |
|
1074
PUT
Etsy
ETSY
$8.15B
| $687K | 0.01% |
12,400
-102,000
| -89% | -$6.22M |
|
1075
CALL
Omnicom Group
OMC
$24.7B
| $686K | 0.01% |
+8,500
| New | +$649K |
|
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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.