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Twin Tree Management Portfolio holdings
AUM
$5.31B
1-Year Est. Return
55.82%
This Fund
S&P 500
This Quarter
Est. Return
+5.07%
1 Year Est. Return
+55.82%
3 Year Est. Return
+175.36%
5 Year Est. Return
+159.83%
10 Year Est. Return
+633.34%
AUM
$14.7B
AUM Growth
-$1.59B
(-9.8%)
Cap. Flow
-$520M
Cap. Flow
% of AUM
-3.54%
Top 10 Holdings %
Top 10 Hldgs %
37.16%
Holding
1,403
New
293
Increased
307
Reduced
382
Closed
385
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Eli Lilly
LLY
|
+$14.2M |
| 2 |
RTX Corp
RTX
|
+$13.5M |
| 3 |
TWTR
Twitter, Inc.
TWTR
|
+$10.6M |
| 4 |
Micron Technology
MU
|
+$9.6M |
| 5 |
AstraZeneca
AZN
|
+$9.57M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
UnitedHealth
UNH
|
+$16.6M |
| 2 |
IBM
IBM
|
+$16.1M |
| 3 |
CVS Health
CVS
|
+$16M |
| 4 |
Devon Energy
DVN
|
+$15.3M |
| 5 |
Home Depot
HD
|
+$15.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 92.96% |
| 2 | Technology | 2.03% |
| 3 | Healthcare | 0.83% |
| 4 | Communication Services | 0.8% |
| 5 | Financials | 0.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$815B
| $1.82B | 12.39% |
6,264,100
-3,353,300
| -35% | -$955M |
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$815B
| $1.44B | 9.82% |
4,965,700
-1,670,800
| -25% | -$476M |
|
3
CALL
Invesco QQQ Trust
QQQ
$489B
| $688M | 4.68% |
3,700,600
+1,834,800
| +98% | +$332M |
|
4
PUT
Microsoft
MSFT
$3.71T
| $270M | 1.84% |
2,358,900
-250,400
| -10% | -$27.1M |
|
|
5
PUT
Invesco QQQ Trust
QQQ
$489B
| $249M | 1.7% |
1,342,900
-511,200
| -28% | -$92.5M |
|
6
PUT
iShares Russell 2000 ETF
IWM
$81.2B
| $209M | 1.42% |
1,241,700
+899,700
| +263% | +$152M |
|
7
PUT
Berkshire Hathaway Class B
BRK.B
$1.08T
| $208M | 1.41% |
969,900
+659,400
| +212% | +$135M |
|
8
PUT
SPDR Gold Trust
GLD
$149B
| $202M | 1.37% |
1,790,700
-872,700
| -33% | -$100M |
|
9
PUT
Alibaba
BABA
$281B
| $189M | 1.29% |
1,146,300
+437,100
| +62% | +$77.3M |
|
10
PUT
VanEck Semiconductor ETF
SMH
$69.5B
| $181M | 1.23% |
3,405,400
+1,262,600
| +59% | +$67M |
|
11
PUT
Johnson & Johnson
JNJ
$663B
| $180M | 1.23% |
1,304,400
+860,500
| +194% | +$114M |
|
12
PUT
Alphabet (Google) Class A
GOOGL
$4.14T
| $170M | 1.16% |
2,822,000
-1,108,000
| -28% | -$67.1M |
|
13
PUT
Visa
V
$700B
| $153M | 1.04% |
1,022,400
+346,800
| +51% | +$49.3M |
|
14
PUT
Apple
AAPL
$4.67T
| $153M | 1.04% |
2,706,800
-680,000
| -20% | -$35.4M |
|
15
PUT
Lowe's Companies
LOW
$115B
| $111M | 0.76% |
969,800
-75,700
| -7% | -$7.89M |
|
16
PUT
Abbott
ABT
$187B
| $111M | 0.75% |
1,507,800
+1,409,300
| +1,431% | +$92.5M |
|
17
CALL
iShares US Real Estate ETF
IYR
$4.44B
| $107M | 0.73% |
1,340,600
+353,500
| +36% | +$28.8M |
|
18
CALL
Philip Morris
PM
$284B
| $102M | 0.7% |
1,257,000
+1,004,400
| +398% | +$82.5M |
|
19
PUT
Boeing
BA
$168B
| $93.3M | 0.64% |
251,000
+162,400
| +183% | +$57.1M |
|
20
PUT
Advanced Micro Devices
AMD
$780B
| $82.5M | 0.56% |
2,669,300
-778,500
| -23% | -$17.6M |
|
|
XYZ
21
PUT
Block Inc
XYZ
$49.7B
| $79.1M | 0.54% |
798,600
-558,800
| -41% | -$43.1M |
|
22
PUT
Caterpillar
CAT
$374B
| $75.2M | 0.51% |
492,900
+94,400
| +24% | +$13.4M |
|
23
CALL
Union Pacific
UNP
$172B
| $72.5M | 0.49% |
445,500
+146,100
| +49% | +$22M |
|
24
PUT
Accenture
ACN
$114B
| $68.5M | 0.47% |
402,700
+35,100
| +10% | +$5.84M |
|
25
CALL
State Street SPDR S&P Biotech ETF
XBI
$11.7B
| $68.1M | 0.46% |
710,600
+36,000
| +5% | +$3.49M |
|
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Twin Tree Management's Q3 2018 Portfolio in Review
As of Q3 2018, Twin Tree Management held 1,403 positions worth $14.7B, down 9.8% from $16.3B the previous quarter. Its ten largest holdings account for 37% of the portfolio.
Twin Tree Management withdrew a net $520M in Q3 2018, closing 385 positions and reducing 382 holdings. Its most notable exit was UnitedHealth, an estimated $16.6M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 93% of assets, up from 91% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Twin Tree Management opened a new position in RTX Corp worth $14.2M.
- Twin Tree Management's largest Q3 2018 buy was RTX Corp: 161,339 shares worth $14.2M.
- Twin Tree Management added most to Eli Lilly in Q3 2018, an estimated $14.2M increase.
- Twin Tree Management's biggest Q3 2018 reduction was IBM, cutting an estimated $16.1M.
- Twin Tree Management fully exited UnitedHealth in Q3 2018, selling an estimated $16.6M.
- Twin Tree Management's ten largest holdings make up 37% of its $14.7B portfolio in Q3 2018.
- Twin Tree Management opened 293 new positions and closed 385 in Q3 2018.
- Twin Tree Management's portfolio value fell 9.8% quarter-over-quarter to $14.7B.
Based on Twin Tree Management's 13F filing for Q3 2018, filed 9 Nov 2018.