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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 | |
|---|---|---|---|---|---|---|---|
176
CALL
JB Hunt Transport Services
JBHT
$21.2B
| $6.41M | 0.13% |
+28,600
| New | +$7.66M |
2026 Q3
0 quarters
|
|
177
PUT
Generac Holdings
GNRC
$11.4B
| $6.37M | 0.13% |
30,800
+26,800
| +670% | +$5.57M |
2022 Q2
17 quarters
|
|
178
PUT
BitMine Immersion Technologies
BMNR
$11.6B
| $6.34M | 0.13% |
239,900
+106,600
| +80% | +$2.2M |
2026 Q2
1 quarter
|
|
179
CALL
Gen Digital
GEN
$17.6B
| $6.31M | 0.13% |
286,700
+104,800
| +58% | +$2.91M |
2026 Q2
1 quarter
|
|
180
CALL
Ares Management
ARES
$30.3B
| $6.28M | 0.13% |
+54,100
| New | +$7.07M |
2026 Q3
0 quarters
|
|
181
PUT
DexCom
DXCM
$30.4B
| $6.26M | 0.13% |
72,600
+34,600
| +91% | +$2.88M |
2026 Q2
1 quarter
|
|
182
CALL
Aon
AON
$70.7B
| $6.26M | 0.13% |
+22,600
| New | +$7.64M |
2026 Q3
0 quarters
|
|
183
PUT
State Street SPDR S&P Retail ETF
XRT
$639M
| $6.25M | 0.13% |
76,100
+69,500
| +1,053% | +$6.05M |
2026 Q1
2 quarters
|
|
184
PUT
Sun Life Financial
SLF
$40.5B
| $6.22M | 0.13% |
79,800
| – | – |
2026 Q2
1 quarter
|
|
185
PUT
ExxonMobil
XOM
$693B
| $6.2M | 0.13% |
38,100
-23,200
| -38% | -$3.63M |
2025 Q4
3 quarters
|
|
186
PUT
Sherwin-Williams
SHW
$84.9B
| $6.17M | 0.13% |
19,100
+10,800
| +130% | +$3.65M |
2026 Q2
1 quarter
|
|
187
PUT
Super Micro Computer
SMCI
$17.8B
| $6.15M | 0.13% |
149,800
-48,500
| -24% | -$1.65M |
2023 Q4
11 quarters
|
|
188
Nike
NKE
$56.1B
| $6.14M | 0.13% |
173,542
+93,696
| +117% | +$3.76M |
2024 Q1
10 quarters
|
|
189
CALL
Vodafone
VOD
$35.9B
| $6.1M | 0.13% |
+377,500
| New | +$6M |
2026 Q3
0 quarters
|
|
190
CALL
Watts Water Technologies
WTS
$11.9B
| $6.06M | 0.12% |
+17,100
| New | +$6.15M |
2026 Q3
0 quarters
|
|
191
PUT
Ford
F
$47.5B
| $6.05M | 0.12% |
502,000
-327,800
| -40% | -$4.55M |
2025 Q4
3 quarters
|
|
192
CALL
Carvana
CVNA
$78.2B
| $6M | 0.12% |
96,000
-13,500
| -12% | -$924K |
2023 Q3
12 quarters
|
|
193
CALL
The Kraft Heinz Company
KHC
$29B
| $5.96M | 0.12% |
262,300
+82,300
| +46% | +$2.07M |
2024 Q1
10 quarters
|
|
194
CALL
ConocoPhillips
COP
$166B
| $5.96M | 0.12% |
47,600
-32,700
| -41% | -$4.05M |
2026 Q2
1 quarter
|
|
195
CALL
Lamb Weston
LW
$7.61B
| $5.95M | 0.12% |
142,700
-38,400
| -21% | -$1.9M |
2024 Q3
8 quarters
|
|
196
PUT
Veeva Systems
VEEV
$49B
| $5.94M | 0.12% |
20,800
+17,600
| +550% | +$4.14M |
2023 Q2
13 quarters
|
|
197
CALL
WESCO International
WCC
$15.9B
| $5.93M | 0.12% |
+16,500
| New | +$5.68M |
2026 Q3
0 quarters
|
|
198
PUT
MongoDB
MDB
$27.4B
| $5.93M | 0.12% |
17,000
+6,800
| +67% | +$2.57M |
2024 Q4
7 quarters
|
|
|
199
CALL
Salesforce
CRM
$179B
| $5.9M | 0.12% |
25,700
-15,100
| -37% | -$3.11M |
2024 Q4
7 quarters
|
|
200
PUT
National Grid
NGG
$84.1B
| $5.85M | 0.12% |
77,200
+9,800
| +15% | +$782K |
2024 Q3
8 quarters
|
|
Similar funds
MP
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.