Twin Tree Management Portfolio holdings
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.
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 | |
|---|---|---|---|---|---|---|---|
1801
PUT
Solventum
SOLV
$15.1B
| – | – |
-52,500
| Closed | -$4.05M | – |
|
1802
CALL
Ferrovial N.V. Ordinary Shares
FER
$43.9B
| – | – |
-13,600
| Closed | -$933K | – |
|
1803
Core Natural Resources Inc
CNR
$4.16B
| – | – |
-9,744
| Closed | -$780K | – |
|
|
1804
PUT
Core Natural Resources Inc
CNR
$4.16B
| – | – |
-17,100
| Closed | -$1.37M | – |
|
1805
PUT
Lineage Inc
LINE
$7.96B
| – | – |
-6,000
| Closed | -$260K | – |
|
1806
CALL
StandardAero Inc
SARO
$9.05B
| – | – |
-8,300
| Closed | -$248K | – |
|
1807
Expand Energy Corp
EXE
$20.3B
| – | – |
-14,080
| Closed | -$1.28M | – |
|
|
1808
PUT
Expand Energy Corp
EXE
$20.3B
| – | – |
-138,500
| Closed | -$12.6M | – |
|
1809
ServiceTitan Inc
TTAN
$7.85B
| – | – |
-9,718
| Closed | -$760K | – |
|
1810
CALL
Block Inc
XYZ
$49.7B
| – | – |
-62,200
| Closed | -$4.73M | – |
|
1811
Smithfield Foods
SFD
$7.47B
| – | – |
-6
| Closed | -$138 | – |
|
1812
PUT
Millrose Properties Inc
MRP
$4.26B
| – | – |
-1,300
| Closed | -$39.1K | – |
|
Similar funds
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.