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 | |
|---|---|---|---|---|---|---|---|
201
CALL
Southwest Airlines
LUV
$22.1B
| $5.8M | 0.12% |
139,200
-58,600
| -30% | -$2.57M |
2025 Q2
5 quarters
|
|
202
PUT
AngloGold Ashanti
AU
$44.3B
| $5.79M | 0.12% |
61,600
-35,700
| -37% | -$3.39M |
2022 Q1
18 quarters
|
|
203
CALL
Restaurant Brands International
QSR
$26.3B
| $5.79M | 0.12% |
81,400
+14,400
| +21% | +$1.08M |
2024 Q1
10 quarters
|
|
204
CALL
Stanley Black & Decker
SWK
$16.8B
| $5.78M | 0.12% |
65,300
+5,800
| +10% | +$545K |
2025 Q3
4 quarters
|
|
205
PUT
lululemon athletica
LULU
$12.1B
| $5.74M | 0.12% |
59,700
+9,000
| +18% | +$1.02M |
2024 Q3
8 quarters
|
|
206
PUT
Texas Instruments
TXN
$286B
| $5.74M | 0.12% |
20,500
-19,600
| -49% | -$5.42M |
2024 Q3
8 quarters
|
|
207
PUT
Carnival Corporation Ltd
CCL
$39.5B
| $5.68M | 0.12% |
231,300
+154,800
| +202% | +$3.96M |
2023 Q1
14 quarters
|
|
208
SPDR Gold Trust
GLD
$129B
| $5.64M | 0.12% |
14,819
-20,845
| -58% | -$8.15M |
2025 Q1
6 quarters
|
|
209
CALL
Dollar Tree
DLTR
$26.5B
| $5.63M | 0.12% |
49,400
+14,800
| +43% | +$1.84M |
2025 Q1
6 quarters
|
|
210
CALL
Ford
F
$47.5B
| $5.6M | 0.11% |
464,100
-56,000
| -11% | -$777K |
2025 Q4
3 quarters
|
|
211
CALL
American Express
AXP
$213B
| $5.53M | 0.11% |
18,200
+10,100
| +125% | +$3.37M |
2026 Q2
1 quarter
|
|
212
Boeing
BA
$136B
| $5.53M | 0.11% |
29,708
+20,366
| +218% | +$4.37M |
2026 Q2
1 quarter
|
|
213
PUT
Antero Resources
AR
$11.9B
| $5.49M | 0.11% |
164,500
+45,300
| +38% | +$1.64M |
2026 Q1
2 quarters
|
|
214
CALL
Alcoa
AA
$10.7B
| $5.44M | 0.11% |
+129,600
| New | +$6.18M |
2026 Q3
0 quarters
|
|
215
Amrize Ltd
AMRZ
$21.7B
| $5.43M | 0.11% |
145,213
+126,756
| +687% | +$5.78M |
2026 Q2
1 quarter
|
|
216
CALL
Comcast
CMCSA
$88.1B
| $5.41M | 0.11% |
248,700
-49,600
| -17% | -$1.21M |
2025 Q1
6 quarters
|
|
217
CALL
Alcon
ALC
$34.5B
| $5.41M | 0.11% |
83,500
+23,100
| +38% | +$1.6M |
2026 Q2
1 quarter
|
|
218
PUT
Robinhood
HOOD
$73.3B
| $5.28M | 0.11% |
46,900
-5,700
| -11% | -$605K |
2024 Q2
9 quarters
|
|
219
Bristol-Myers Squibb
BMY
$127B
| $5.27M | 0.11% |
+84,479
| New | +$5.34M |
2026 Q3
0 quarters
|
|
220
PUT
Vanguard S&P 500 ETF
VOO
$1.05T
| $5.26M | 0.11% |
+7,500
| New | +$5.24M |
2026 Q3
0 quarters
|
|
221
PUT
Booking.com
BKNG
$120B
| $5.23M | 0.11% |
32,100
+27,400
| +583% | +$5.15M |
2026 Q2
1 quarter
|
|
222
CALL
Marsh
MRSH
$97.8B
| $5.21M | 0.11% |
30,500
-11,500
| -27% | -$2.1M |
2025 Q4
3 quarters
|
|
223
Delta Air Lines
DAL
$56.9B
| $5.2M | 0.11% |
+62,334
| New | +$5.29M |
2026 Q3
0 quarters
|
|
224
Thermo Fisher Scientific
TMO
$259B
| $5.14M | 0.11% |
7,621
+6,205
| +438% | +$3.69M |
2026 Q2
1 quarter
|
|
225
PUT
Zoom
ZM
$28.5B
| $5.14M | 0.11% |
56,600
-67,500
| -54% | -$6.43M |
2023 Q3
12 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.