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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 | |
|---|---|---|---|---|---|---|
1901
PUT
Zions Bancorporation
ZION
$10.1B
| – | – |
-28,500
| Closed | -$1.48M |
|
1902
Zoom
ZM
$27.1B
| – | – |
-79,174
| Closed | -$6.18M |
|
1903
Zscaler
ZS
$24.9B
| – | – |
-22,006
| Closed | -$6.27M |
|
|
1904
PUT
Zscaler
ZS
$24.9B
| – | – |
-120,300
| Closed | -$37.8M |
|
|
DAY
1905
PUT
DELISTED
Dayforce
DAY
| – | – |
-19,300
| Closed | -$1.07M |
|
1906
Astera Labs
ALAB
$42.8B
| – | – |
-48,887
| Closed | -$8.04M |
|
1907
CALL
Corpay
CPAY
$25.7B
| – | – |
-14,200
| Closed | -$4.71M |
|
1908
CALL
GE Vernova
GEV
$240B
| – | – |
-257,500
| Closed | -$136M |
|
1909
PUT
Loar Holdings
LOAR
$6.23B
| – | – |
-2,100
| Closed | -$181K |
|
|
WAY
1910
Waystar Holding Corp
WAY
$4.7B
| – | – |
-71,561
| Closed | -$2.65M |
|
|
EXE
1911
CALL
Expand Energy Corp
EXE
$22.1B
| – | – |
-135,100
| Closed | -$15.8M |
|
|
ONC
1912
CALL
BeOne Medicines Ltd
ONC
$33.9B
| – | – |
-45,700
| Closed | -$11.1M |
|
|
ONC
1913
PUT
BeOne Medicines Ltd
ONC
$33.9B
| – | – |
-46,100
| Closed | -$11.2M |
|
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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.