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Twin Tree Management Portfolio holdings
AUM
$4.87B
Turnover
52.26%
1-Year Est. Return
35.25%
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
+1.7%
1 Year Est. Return
+35.25%
3 Year Est. Return
+188.88%
5 Year Est. Return
+172.36%
10 Year Est. Return
+582.75%
AUM
$4.87B
AUM Growth
-$440M
(-8.3%)
Cap. Flow
-$92.6M
Cap. Flow % of AUM
Cap. Flow %
-1.9%
Top 10 Holdings %
Top 10 Hldgs %
19.68%
Holding
1,812
New
455
Increased
359
Reduced
454
Closed
492
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 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$11.2M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$10.1M |
| 3 |
IBM
IBM
|
+$8.61M |
| 4 |
Marathon Petroleum
MPC
|
+$7.46M |
| 5 |
Novo Nordisk
NVO
|
+$5.94M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Microsoft
MSFT
|
+$19.5M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$9.03M |
| 3 |
iShares Gold Trust
IAU
|
+$9.02M |
| 4 |
Salesforce
CRM
|
+$8.75M |
| 5 |
Palantir
PLTR
|
+$8.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 89.81% |
| 2 | Technology | 3.75% |
| 3 | Consumer Discretionary | 1.26% |
| 4 | Industrials | 1.09% |
| 5 | Healthcare | 1.05% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
PUT
CrowdStrike
CRWD
$235B
| $9.48M | 0.19% |
35,800
-21,000
| -37% | -$4.46M |
2023 Q3
12 quarters
|
|
102
CALL
Oracle
ORCL
$400B
| $9.45M | 0.19% |
68,800
+34,800
| +102% | +$4.91M |
2023 Q2
13 quarters
|
|
103
CALL
ExxonMobil
XOM
$680B
| $9.44M | 0.19% |
58,000
-29,500
| -34% | -$4.61M |
2018 Q2
33 quarters
|
|
104
PUT
United Rentals
URI
$71.3B
| $9.41M | 0.19% |
9,400
+5,800
| +161% | +$6.19M |
2025 Q3
4 quarters
|
|
105
PUT
Delta Air Lines
DAL
$60.1B
| $9.34M | 0.19% |
111,900
| – | – |
2024 Q4
7 quarters
|
|
106
PUT
ResMed
RMD
$33.6B
| $9.33M | 0.19% |
+42,200
| New | +$9.21M |
2026 Q3
0 quarters
|
|
107
CALL
Omnicom Group
OMC
$24.4B
| $9.27M | 0.19% |
125,900
+62,900
| +100% | +$5.14M |
2025 Q4
3 quarters
|
|
108
CALL
C.H. Robinson
CHRW
$15.5B
| $9.2M | 0.19% |
62,200
+60,300
| +3,174% | +$9.8M |
2023 Q2
13 quarters
|
|
109
CALL
Diageo
DEO
$55.8B
| $9.11M | 0.19% |
106,400
-63,800
| -37% | -$5.61M |
2025 Q1
6 quarters
|
|
110
CALL
Altria Group
MO
$129B
| $9.1M | 0.19% |
135,100
+4,300
| +3% | +$299K |
2025 Q1
6 quarters
|
|
111
CALL
Cactus
WHD
$4.96B
| $9M | 0.18% |
+144,600
| New | +$9.21M |
2026 Q3
0 quarters
|
|
112
CALL
TSMC
TSM
$2.14T
| $8.99M | 0.18% |
19,700
+15,600
| +380% | +$6.61M |
2024 Q2
9 quarters
|
|
113
PUT
CoreWeave
CRWV
$33.5B
| $8.98M | 0.18% |
103,100
+26,900
| +35% | +$2.3M |
2026 Q2
1 quarter
|
|
114
CALL
General Dynamics
GD
$99.2B
| $8.93M | 0.18% |
26,900
+16,300
| +154% | +$6.05M |
2026 Q2
1 quarter
|
|
115
PUT
Celestica
CLS
$30.6B
| $8.89M | 0.18% |
24,600
+11,100
| +82% | +$3.67M |
2024 Q3
8 quarters
|
|
|
116
PUT
Oracle
ORCL
$400B
| $8.81M | 0.18% |
64,200
-92,400
| -59% | -$13M |
2023 Q2
13 quarters
|
|
117
CALL
AstraZeneca
AZN
$288B
| $8.8M | 0.18% |
+54,500
| New | +$9.08M |
2026 Q3
0 quarters
|
|
118
PUT
Cameco
CCJ
$32.4B
| $8.71M | 0.18% |
100,500
-6,300
| -6% | -$594K |
2024 Q3
8 quarters
|
|
119
PUT
Datadog
DDOG
$66.6B
| $8.71M | 0.18% |
31,800
-18,300
| -37% | -$4.53M |
2024 Q2
9 quarters
|
|
120
CALL
Spotify
SPOT
$125B
| $8.68M | 0.18% |
17,800
+8,200
| +85% | +$4.17M |
2025 Q2
5 quarters
|
|
121
PUT
Lumentum
LITE
$58.8B
| $8.64M | 0.18% |
8,900
-1,400
| -14% | -$1.18M |
2026 Q2
1 quarter
|
|
122
CALL
Ventas
VTR
$47.8B
| $8.62M | 0.18% |
101,400
+18,100
| +22% | +$1.66M |
2020 Q2
25 quarters
|
|
123
CALL
General Mills
GIS
$18.3B
| $8.54M | 0.18% |
265,600
+64,800
| +32% | +$2.42M |
2025 Q3
4 quarters
|
|
|
124
Marathon Petroleum
MPC
$110B
| $8.53M | 0.18% |
+21,581
| New | +$7.46M |
2026 Q3
0 quarters
|
|
125
PUT
Coherent
COHR
$46.2B
| $8.52M | 0.17% |
+29,600
| New | +$8.89M |
2026 Q3
0 quarters
|
|
Similar funds
MP
SL
Twin Tree Management's Q3 2026 Portfolio in Review
As of Q3 2026, Twin Tree Management held 1,812 positions worth $4.87B, down 8.3% from $5.31B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Twin Tree Management's Q3 2026 filing shows 455 new, 359 increased, 454 reduced and 492 closed positions. Its largest new stake was Berkshire Hathaway Class B: 20,004 shares worth $10M. The largest sale was Microsoft, an estimated $19.5M.
By sector, the portfolio is most concentrated in Miscellaneous at 90% of assets, down from 90% a quarter earlier, followed by Technology and Consumer Discretionary.
- Twin Tree Management's largest Q3 2026 buy was Berkshire Hathaway Class B: 20,004 shares worth $10M.
- Twin Tree Management added most to State Street Utilities Select Sector SPDR ETF in Q3 2026, an estimated $11.2M increase.
- Twin Tree Management's biggest Q3 2026 reduction was VanEck Gold Miners ETF, cutting an estimated $9.03M.
- Twin Tree Management fully exited Microsoft in Q3 2026, selling an estimated $19.5M.
- Twin Tree Management's ten largest holdings make up 20% of its $4.87B portfolio in Q3 2026.
- Twin Tree Management opened 455 new positions and closed 492 in Q3 2026.
- Twin Tree Management's portfolio value fell 8.3% quarter-over-quarter to $4.87B.
Based on Twin Tree Management's 13F filing for Q3 2026, filed 10 Nov 2026.