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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
-20.25%
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
$20.8B
AUM Growth
-$8.04B
(-28%)
Cap. Flow
-$2.21B
Cap. Flow
% of AUM
-10.64%
Top 10 Holdings %
Top 10 Hldgs %
38.81%
Holding
1,726
New
519
Increased
359
Reduced
416
Closed
402
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$96.7M |
| 2 |
iShares Silver Trust
SLV
|
+$87.9M |
| 3 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$61.6M |
| 4 |
NXP Semiconductors
NXPI
|
+$60M |
| 5 |
Mastercard
MA
|
+$59.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P Homebuilders ETF
XHB
|
+$39.4M |
| 2 |
iShares MSCI Emerging Markets ETF
EEM
|
+$37.8M |
| 3 |
VanEck Semiconductor ETF
SMH
|
+$29.8M |
| 4 |
iShares US Real Estate ETF
IYR
|
+$29.5M |
| 5 |
State Street SPDR S&P Metals & Mining ETF
XME
|
+$27.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.91% |
| 2 | Financials | 1.16% |
| 3 | Healthcare | 1.13% |
| 4 | Industrials | 0.86% |
| 5 | Communication Services | 0.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$777B
| $2.91B | 14% |
11,299,700
-1,138,300
| -9% | -$347M |
|
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$777B
| $2.44B | 11.72% |
9,463,400
-3,598,700
| -28% | -$1.1B |
|
3
PUT
Invesco QQQ Trust
QQQ
$460B
| $754M | 3.62% |
3,959,000
+2,534,200
| +178% | +$536M |
|
4
PUT
SPDR Gold Trust
GLD
$130B
| $583M | 2.8% |
3,936,600
-1,882,700
| -32% | -$280M |
|
5
PUT
iShares Expanded Tech-Software Sector ETF
IGV
$12.9B
| $266M | 1.28% |
6,322,000
+6,199,500
| +5,061% | +$293M |
|
6
PUT
iShares Russell 2000 ETF
IWM
$81.2B
| $249M | 1.2% |
2,173,600
+1,324,900
| +156% | +$198M |
|
7
PUT
Apple
AAPL
$4.72T
| $247M | 1.19% |
3,882,400
-494,400
| -11% | -$36.4M |
|
8
CALL
iShares MSCI Brazil ETF
EWZ
$9.16B
| $220M | 1.06% |
9,328,200
-197,400
| -2% | -$7.63M |
|
9
PUT
Microsoft
MSFT
$2.83T
| $205M | 0.99% |
1,300,000
+424,600
| +49% | +$69.8M |
|
10
PUT
Alibaba
BABA
$273B
| $198M | 0.95% |
1,020,100
-509,900
| -33% | -$106M |
|
|
11
PUT
iShares Silver Trust
SLV
$27.8B
| $185M | 0.89% |
14,160,400
-7,241,400
| -34% | -$114M |
|
|
12
CALL
Invesco QQQ Trust
QQQ
$460B
| $167M | 0.8% |
875,700
-1,999,000
| -70% | -$423M |
|
|
13
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.6B
| $153M | 0.73% |
697,300
+306,900
| +79% | +$81.5M |
|
|
14
PUT
Mastercard
MA
$469B
| $146M | 0.7% |
605,600
-49,600
| -8% | -$14.7M |
|
|
15
CALL
iShares US Real Estate ETF
IYR
$4.49B
| $139M | 0.67% |
2,001,400
+56,100
| +3% | +$4.97M |
|
16
PUT
Amazon
AMZN
$2.51T
| $136M | 0.65% |
1,394,000
-3,570,000
| -72% | -$346M |
|
|
17
PUT
VanEck Semiconductor ETF
SMH
$69.8B
| $128M | 0.61% |
2,179,800
+1,079,200
| +98% | +$72.8M |
|
18
PUT
Vanguard S&P 500 ETF
VOO
$967B
| $125M | 0.6% |
526,100
+413,800
| +368% | +$116M |
|
19
CALL
United Parcel Service
UPS
$97B
| $123M | 0.59% |
1,317,400
-145,400
| -10% | -$15.1M |
|
20
PUT
NVIDIA
NVDA
$5.06T
| $123M | 0.59% |
18,656,000
-14,896,000
| -44% | -$94M |
|
21
PUT
PayPal
PYPL
$49.4B
| $118M | 0.57% |
1,229,000
-459,400
| -27% | -$50.7M |
|
22
PUT
VanEck Gold Miners ETF
GDX
$22.9B
| $99.3M | 0.48% |
4,311,800
-205,100
| -5% | -$5.61M |
|
|
23
CALL
VanEck Semiconductor ETF
SMH
$69.8B
| $97.4M | 0.47% |
1,663,800
-250,000
| -13% | -$16.9M |
|
24
PUT
iShares MSCI EAFE ETF
EFA
$76.1B
| $95.8M | 0.46% |
1,791,700
+1,466,700
| +451% | +$93.1M |
|
|
25
CALL
iShares Russell 2000 ETF
IWM
$81.2B
| $91.6M | 0.44% |
800,700
-296,100
| -27% | -$44.1M |
|
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WAM
Twin Tree Management's Q1 2020 Portfolio in Review
As of Q1 2020, Twin Tree Management held 1,726 positions worth $20.8B, down 28% from $28.8B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Twin Tree Management withdrew a net $2.21B in Q1 2020, closing 402 positions and reducing 416 holdings. Its most notable exit was State Street SPDR S&P Homebuilders ETF, an estimated $39.4M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.9% of assets, up from 0.81% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Twin Tree Management opened a new position in State Street SPDR Dow Jones Industrial Average ETF Trust worth $79.8M.
- Twin Tree Management's largest Q1 2020 buy was State Street SPDR Dow Jones Industrial Average ETF Trust: 364,203 shares worth $79.8M.
- Twin Tree Management added most to PayPal in Q1 2020, an estimated $59.1M increase.
- Twin Tree Management's biggest Q1 2020 reduction was iShares MSCI Emerging Markets ETF, cutting an estimated $37.8M.
- Twin Tree Management fully exited State Street SPDR S&P Homebuilders ETF in Q1 2020, selling an estimated $39.4M.
- Twin Tree Management's ten largest holdings make up 39% of its $20.8B portfolio in Q1 2020.
- Twin Tree Management opened 519 new positions and closed 402 in Q1 2020.
- Twin Tree Management's portfolio value fell 28% quarter-over-quarter to $20.8B.
Based on Twin Tree Management's 13F filing for Q1 2020, filed 13 May 2020.