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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
+17.18%
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
$24B
AUM Growth
-$29.6B
(-55%)
Cap. Flow
-$32.8B
Cap. Flow
% of AUM
-136.44%
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 | Technology | 1.97% |
| 2 | Consumer Discretionary | 1.04% |
| 3 | Financials | 0.94% |
| 4 | Industrials | 0.8% |
| 5 | Materials | 0.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1101
CALL
HSBC
HSBC
$352B
| $1.6M | 0.01% |
22,600
-140,200
| -86% | -$9.12M |
|
1102
Public Storage
PSA
$61.5B
| $1.58M | 0.01% |
+5,487
| New | +$1.57M |
|
1103
CALL
Avis
CAR
$5.47B
| $1.57M | 0.01% |
+9,800
| New | +$1.65M |
|
1104
CALL
Axalta
AXTA
$7.45B
| $1.56M | 0.01% |
54,600
-65,000
| -54% | -$1.96M |
|
1105
CALL
Strategy Inc
MSTR
$34.1B
| $1.55M | 0.01% |
4,800
-82,100
| -94% | -$30.5M |
|
1106
CALL
Cirrus Logic
CRUS
$6.76B
| $1.54M | 0.01% |
12,300
-10,100
| -45% | -$1.12M |
|
1107
CALL
Restaurant Brands International
QSR
$26.2B
| $1.52M | 0.01% |
23,700
| – | – |
|
1108
CALL
SiriusXM
SIRI
$11B
| $1.52M | 0.01% |
65,300
-984,900
| -94% | -$22.8M |
|
1109
Invesco
IVZ
$12.4B
| $1.5M | 0.01% |
65,353
-162,480
| -71% | -$3.37M |
|
1110
TE Connectivity
TEL
$60B
| $1.49M | 0.01% |
6,802
+1,243
| +22% | +$249K |
|
1111
Woodward
WWD
$23B
| $1.46M | 0.01% |
5,794
-28,887
| -83% | -$7.18M |
|
1112
Charter Communications
CHTR
$17.3B
| $1.46M | 0.01% |
5,304
+4,800
| +952% | +$1.45M |
|
1113
PUT
Credo Technology Group
CRDO
$33.1B
| $1.46M | 0.01% |
10,000
-54,300
| -84% | -$6.65M |
|
1114
CALL
Nutrien
NTR
$33.9B
| $1.46M | 0.01% |
24,800
-341,200
| -93% | -$19.9M |
|
1115
TFI International
TFII
$11.6B
| $1.46M | 0.01% |
16,527
-53,487
| -76% | -$4.89M |
|
1116
CALL
BHP
BHP
$211B
| $1.46M | 0.01% |
+26,100
| New | +$1.39M |
|
1117
PUT
Brown-Forman Class B
BF.B
$13.5B
| $1.45M | 0.01% |
53,700
-168,800
| -76% | -$4.89M |
|
1118
Amgen
AMGN
$209B
| $1.45M | 0.01% |
5,150
+3,041
| +144% | +$882K |
|
1119
PUT
Joby Aviation
JOBY
$6.54B
| $1.45M | 0.01% |
+89,900
| New | +$1.37M |
|
1120
Modine Manufacturing
MOD
$9.46B
| $1.45M | 0.01% |
+10,195
| New | +$1.3M |
|
1121
Maplebear
CART
$10.7B
| $1.42M | 0.01% |
+38,687
| New | +$1.78M |
|
1122
Citigroup
C
$213B
| $1.42M | 0.01% |
13,958
-35,486
| -72% | -$3.37M |
|
1123
CALL
Norwegian Cruise Line
NCLH
$9.53B
| $1.4M | 0.01% |
57,000
-75,000
| -57% | -$1.82M |
|
1124
CALL
Knight Transportation
KNX
$11.5B
| $1.4M | 0.01% |
+35,500
| New | +$1.54M |
|
1125
PUT
Elastic
ESTC
$6.7B
| $1.4M | 0.01% |
16,600
-2,500
| -13% | -$210K |
|
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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 $32.8B 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 Technology at 2% of assets, up from 1.7% a quarter earlier, followed by Consumer Discretionary and Financials.
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.