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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 | |
|---|---|---|---|---|---|---|
1226
PUT
Corpay
CPAY
$25.7B
| $749K | ﹤0.01% |
2,600
| – | – |
|
1227
CALL
Voya Financial
VOYA
$8.96B
| $748K | ﹤0.01% |
+10,000
| New | +$737K |
|
|
EXAS
1228
CALL
DELISTED
Exact Sciences
EXAS
| $744K | ﹤0.01% |
+13,600
| New | +$680K |
|
1229
PUT
Charles River Laboratories
CRL
$11.3B
| $735K | ﹤0.01% |
4,700
-32,700
| -87% | -$5.19M |
|
1230
Alaska Air
ALK
$5.11B
| $735K | ﹤0.01% |
+14,759
| New | +$821K |
|
1231
Canadian Natural Resources
CNQ
$96.9B
| $735K | ﹤0.01% |
22,987
-127,046
| -85% | -$3.98M |
|
1232
CALL
Deckers Outdoor
DECK
$14.1B
| $730K | ﹤0.01% |
7,200
-150,700
| -95% | -$16.4M |
|
1233
CALL
Allstate
ALL
$70.6B
| $730K | ﹤0.01% |
3,400
| – | – |
|
1234
CALL
State Street Materials Select Sector SPDR ETF
XLB
$8.72B
| $726K | ﹤0.01% |
+16,200
| New | +$732K |
|
1235
First Solar
FSLR
$21.4B
| $724K | ﹤0.01% |
3,282
-3,016
| -48% | -$579K |
|
|
LINE
1236
Lineage Inc
LINE
$10.1B
| $719K | ﹤0.01% |
+18,595
| New | +$773K |
|
|
WAY
1237
PUT
Waystar Holding Corp
WAY
$4.7B
| $713K | ﹤0.01% |
+18,800
| New | +$697K |
|
|
1238
PUT
State Street SPDR S&P Biotech ETF
XBI
$10B
| $711K | ﹤0.01% |
7,100
-152,500
| -96% | -$13.7M |
|
1239
Viking Holdings
VIK
$45.8B
| $710K | ﹤0.01% |
+11,425
| New | +$681K |
|
1240
PUT
Deutsche Bank
DB
$66.6B
| $708K | ﹤0.01% |
+20,000
| New | +$682K |
|
1241
Franco-Nevada
FNV
$41.3B
| $707K | ﹤0.01% |
3,172
-56,708
| -95% | -$10.2M |
|
1242
PUT
NiSource
NI
$21.5B
| $697K | ﹤0.01% |
+16,100
| New | +$667K |
|
|
CFLT
1243
CALL
DELISTED
Confluent
CFLT
| $697K | ﹤0.01% |
35,200
-109,400
| -76% | -$2.29M |
|
1244
CALL
Haleon
HLN
$45.3B
| $695K | ﹤0.01% |
77,500
| – | – |
|
1245
Credit Acceptance
CACC
$5.82B
| $683K | ﹤0.01% |
1,462
-5,835
| -80% | -$2.91M |
|
1246
Neurocrine Biosciences
NBIX
$18.2B
| $675K | ﹤0.01% |
+4,810
| New | +$652K |
|
1247
CALL
Marathon Digital Holdings
MARA
$3.83B
| $674K | ﹤0.01% |
36,900
-6,000
| -14% | -$101K |
|
1248
Iron Mountain
IRM
$35.9B
| $670K | ﹤0.01% |
+6,576
| New | +$634K |
|
1249
ArcelorMittal
MT
$49.5B
| $668K | ﹤0.01% |
+18,465
| New | +$622K |
|
1250
PUT
LyondellBasell Industries
LYB
$19.5B
| $667K | ﹤0.01% |
+13,600
| New | +$767K |
|
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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.