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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
-20.25%
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
$20.8B
AUM Growth
-$8.04B
(-28%)
Cap. Flow
+$1.07B
Cap. Flow
% of AUM
5.13%
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 | Miscellaneous | 92.71% |
| 2 | Technology | 1.98% |
| 3 | Financials | 1.16% |
| 4 | Healthcare | 1.16% |
| 5 | Industrials | 0.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$815B
| $2.91B | 14% |
11,299,700
-1,138,300
| -9% | -$347M |
|
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$815B
| $2.44B | 11.72% |
9,463,400
-3,598,700
| -28% | -$1.1B |
|
3
PUT
Invesco QQQ Trust
QQQ
$489B
| $754M | 3.62% |
3,959,000
+2,534,200
| +178% | +$536M |
|
4
PUT
SPDR Gold Trust
GLD
$149B
| $583M | 2.8% |
3,936,600
-1,882,700
| -32% | -$280M |
|
5
PUT
iShares Expanded Tech-Software Sector ETF
IGV
$14.1B
| $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
$4.67T
| $247M | 1.19% |
3,882,400
-494,400
| -11% | -$36.4M |
|
8
CALL
iShares MSCI Brazil ETF
EWZ
$8.6B
| $220M | 1.06% |
9,328,200
-197,400
| -2% | -$7.63M |
|
9
PUT
Microsoft
MSFT
$3.71T
| $205M | 0.99% |
1,300,000
+424,600
| +49% | +$69.8M |
|
10
PUT
Alibaba
BABA
$281B
| $198M | 0.95% |
1,020,100
-509,900
| -33% | -$106M |
|
|
11
PUT
iShares Silver Trust
SLV
$32.2B
| $185M | 0.89% |
14,160,400
-7,241,400
| -34% | -$114M |
|
|
12
CALL
Invesco QQQ Trust
QQQ
$489B
| $167M | 0.8% |
875,700
-1,999,000
| -70% | -$423M |
|
|
13
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45.8B
| $153M | 0.73% |
697,300
+306,900
| +79% | +$81.5M |
|
|
14
PUT
Mastercard
MA
$507B
| $146M | 0.7% |
605,600
-49,600
| -8% | -$14.7M |
|
|
15
CALL
iShares US Real Estate ETF
IYR
$4.44B
| $139M | 0.67% |
2,001,400
+56,100
| +3% | +$4.97M |
|
16
PUT
Amazon
AMZN
$2.79T
| $136M | 0.65% |
1,394,000
-3,570,000
| -72% | -$346M |
|
|
17
PUT
VanEck Semiconductor ETF
SMH
$69.5B
| $128M | 0.61% |
2,179,800
+1,079,200
| +98% | +$72.8M |
|
18
PUT
Vanguard S&P 500 ETF
VOO
$1.03T
| $125M | 0.6% |
526,100
+413,800
| +368% | +$116M |
|
19
CALL
United Parcel Service
UPS
$87B
| $123M | 0.59% |
1,317,400
-145,400
| -10% | -$15.1M |
|
20
PUT
NVIDIA
NVDA
$5.56T
| $123M | 0.59% |
18,656,000
-14,896,000
| -44% | -$94M |
|
21
PUT
PayPal
PYPL
$47B
| $118M | 0.57% |
1,229,000
-459,400
| -27% | -$50.7M |
|
22
PUT
VanEck Gold Miners ETF
GDX
$30.7B
| $99.3M | 0.48% |
4,311,800
-205,100
| -5% | -$5.61M |
|
|
23
CALL
VanEck Semiconductor ETF
SMH
$69.5B
| $97.4M | 0.47% |
1,663,800
-250,000
| -13% | -$16.9M |
|
24
PUT
iShares MSCI EAFE ETF
EFA
$80.1B
| $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 |
|
Similar funds
MA
SFI
MIM
DK
CCWM
CAU
JSTA
PBA
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 deployed $1.07B of net new capital in Q1 2020, opening 519 new positions and adding to 359 existing holdings. Its largest new stake was State Street SPDR Dow Jones Industrial Average ETF Trust: 364,203 shares worth $79.8M.
By sector, the portfolio is most concentrated in Miscellaneous at 93% of assets, down from 96% a quarter earlier, followed by Technology and Financials.
On the sell side, the largest reduction was iShares MSCI Emerging Markets ETF, an estimated $37.8M trimmed.
- 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.