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Twin Tree Management

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
Cap. Flow
-$92.6M
Cap. Flow %
-1.9%
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
XLU icon
State Street Utilities Select Sector SPDR ETF
XLU
+$11.2M
2
BRK.B icon
Berkshire Hathaway Class B
BRK.B
+$10.1M
3
IBM icon
IBM
IBM
+$8.61M
4
MPC icon
Marathon Petroleum
MPC
+$7.46M
5
NVO icon
Novo Nordisk
NVO
+$5.94M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$19.5M
2
GDX icon
VanEck Gold Miners ETF
GDX
+$9.03M
3
IAU icon
iShares Gold Trust
IAU
+$9.02M
4
CRM icon
Salesforce
CRM
+$8.75M
5
PLTR icon
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
VLO icon
1751
CALL
Valero Energy
VLO
$97.8B
– –
-1,400
Closed -$365K –
VNQ icon
1752
CALL
Vanguard Real Estate ETF
VNQ
$38.9B
– –
-110,100
Closed -$10.6M –
VOO icon
1753
Vanguard S&P 500 ETF
VOO
$1.04T
– –
-1,927
Closed -$1.35M –
VOYA icon
1754
Voya Financial
VOYA
$9.31B
– –
-16,389
Closed -$1.63M –
VRSK icon
1755
PUT
Verisk Analytics
VRSK
$26.2B
– –
-1,600
Closed -$287K –
VRSN icon
1756
PUT
VeriSign
VRSN
$27.9B
– –
-3,400
Closed -$855K –
VSH icon
1757
Vishay Intertechnology
VSH
$4.11B
– –
-31,522
Closed -$1.7M –
VTI icon
1758
CALL
Vanguard Morningstar Total Stock Market ETF
VTI
$686B
– –
-200
Closed -$74K –
VWO icon
1759
Vanguard FTSE Emerging Markets ETF
VWO
$120B
– –
-97,473
Closed -$5.82M –
W icon
1760
CALL
Wayfair
W
$15.4B
– –
-2,400
Closed -$222K –
WAB icon
1761
Wabtec
WAB
$50.9B
– –
-16
Closed -$4.55K –
WAB icon
1762
PUT
Wabtec
WAB
$50.9B
– –
-5,500
Closed -$1.48M –
WCN icon
1763
CALL
Waste Connections
WCN
$47.8B
– –
-35,600
Closed -$5.93M –
WCN icon
1764
PUT
Waste Connections
WCN
$47.8B
– –
-1,100
Closed -$183K –
WDAY icon
1765
PUT
Workday
WDAY
$45.5B
– –
-18,900
Closed -$2.31M –
WEX icon
1766
WEX
WEX
$5.93B
– –
-9,793
Closed -$1.78M –
WEX icon
1767
PUT
WEX
WEX
$5.93B
– –
-24,900
Closed -$3.51M –
WING icon
1768
CALL
Wingstop
WING
$4.59B
– –
-4,900
Closed -$850K –
WING icon
1769
Wingstop
WING
$4.59B
– –
-577
Closed -$100K –
WING icon
1770
PUT
Wingstop
WING
$4.59B
– –
-2,400
Closed -$416K –
WMB icon
1771
Williams Companies
WMB
$84.3B
– –
-14,915
Closed -$1.11M –
WMT icon
1772
PUT
Walmart Inc
WMT
$996B
– –
-32,400
Closed -$3.67M –
WSC icon
1773
CALL
WillScot Mobile Mini Holdings
WSC
$3.61B
– –
-45,400
Closed -$1.31M –
WSM icon
1774
Williams-Sonoma
WSM
$30.8B
– –
-2,337
Closed -$540K –
WTW icon
1775
PUT
Willis Towers Watson
WTW
$30.7B
– –
-3,300
Closed -$863K –
69 70
71
72 73

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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.