We are live on !
Find out more
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 | |
|---|---|---|---|---|---|---|---|
151
CALL
Vanguard Total International Stock ETF
VXUS
$163B
| $7.37M | 0.15% |
86,700
-98,400
| -53% | -$8.46M |
2026 Q2
1 quarter
|
|
152
CALL
Philips
PHG
$29.5B
| $7.37M | 0.15% |
301,500
+23,300
| +8% | +$613K |
2025 Q2
5 quarters
|
|
153
PUT
iShares Russell 2000 ETF
IWM
$78.6B
| $7.25M | 0.15% |
26,100
-14,600
| -36% | -$4.29M |
2025 Q4
3 quarters
|
|
154
PUT
iShares MSCI South Korea ETF
EWY
$21.7B
| $7.22M | 0.15% |
+39,500
| New | +$6.95M |
2026 Q3
0 quarters
|
|
155
CALL
Reinsurance Group of America
RGA
$17.8B
| $7.17M | 0.15% |
+29,100
| New | +$7.04M |
2026 Q3
0 quarters
|
|
156
CALL
Steris
STE
$24.9B
| $7.16M | 0.15% |
34,100
+17,300
| +103% | +$3.84M |
2026 Q1
2 quarters
|
|
157
PUT
Snowflake
SNOW
$106B
| $7.13M | 0.15% |
21,000
-6,500
| -24% | -$2.01M |
2021 Q3
20 quarters
|
|
158
CALL
Public Storage
PSA
$62.7B
| $7.13M | 0.15% |
25,200
-6,500
| -21% | -$2.03M |
2025 Q3
4 quarters
|
|
159
PUT
VanEck Semiconductor ETF
SMH
$65.6B
| $7.13M | 0.15% |
11,700
-800
| -6% | -$458K |
2024 Q1
10 quarters
|
|
160
CALL
Atlassian
TEAM
$38.6B
| $7.06M | 0.15% |
39,400
-35,600
| -47% | -$5.13M |
2026 Q2
1 quarter
|
|
161
PUT
Invesco QQQ Trust
QQQ
$468B
| $7.03M | 0.14% |
+9,500
| New | +$6.79M |
2026 Q3
0 quarters
|
|
162
PUT
Western Digital
WDC
$117B
| $7M | 0.14% |
+15,400
| New | +$7.49M |
2026 Q3
0 quarters
|
|
163
PUT
Vertiv
VRT
$79.5B
| $7M | 0.14% |
29,000
-20,800
| -42% | -$5.67M |
2023 Q4
11 quarters
|
|
164
PUT
Circle Internet Group
CRCL
$17.2B
| $6.9M | 0.14% |
84,000
+36,800
| +78% | +$2.84M |
2026 Q2
1 quarter
|
|
165
CrowdStrike
CRWD
$235B
| $6.82M | 0.14% |
+25,742
| New | +$5.46M |
2026 Q3
0 quarters
|
|
166
PUT
Amphenol
APH
$196B
| $6.78M | 0.14% |
80,400
| – | – |
2025 Q2
5 quarters
|
|
|
167
CALL
Berkshire Hathaway Class B
BRK.B
$1.25T
| $6.72M | 0.14% |
13,500
+400
| +3% | +$202K |
2024 Q4
7 quarters
|
|
168
PUT
BHP
BHP
$209B
| $6.71M | 0.14% |
79,100
-42,600
| -35% | -$3.71M |
2025 Q4
3 quarters
|
|
169
PUT
Cooper Companies
COO
$12B
| $6.7M | 0.14% |
118,600
+114,600
| +2,865% | +$7.83M |
2026 Q2
1 quarter
|
|
170
Arm
ARM
$218B
| $6.65M | 0.14% |
22,960
+17,864
| +351% | +$4.86M |
2024 Q3
8 quarters
|
|
171
CALL
United Parcel Service
UPS
$95.7B
| $6.62M | 0.14% |
70,800
+22,900
| +48% | +$2.4M |
2025 Q2
5 quarters
|
|
172
PUT
Axon Enterprise
AXON
$25.7B
| $6.59M | 0.14% |
15,600
+10,500
| +206% | +$5.67M |
2025 Q1
6 quarters
|
|
173
Netflix
NFLX
$265B
| $6.55M | 0.13% |
94,196
-107,854
| -53% | -$8.11M |
2025 Q3
4 quarters
|
|
174
CALL
Bank OZK
OZK
$5.44B
| $6.44M | 0.13% |
140,200
+82,600
| +143% | +$4.12M |
2026 Q2
1 quarter
|
|
|
175
iShares Gold Trust
IAU
$59B
| $6.43M | 0.13% |
82,269
-112,477
| -58% | -$9.02M |
2026 Q1
2 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.