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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
+30.74%
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
$24.6B
AUM Growth
+$3.78B
(+18%)
Cap. Flow
-$1.16B
Cap. Flow
% of AUM
-4.71%
Top 10 Holdings %
Top 10 Hldgs %
24.81%
Holding
1,786
New
462
Increased
435
Reduced
424
Closed
361
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$25.7M |
| 2 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$21.3M |
| 3 |
Franco-Nevada
FNV
|
+$20.1M |
| 4 |
Bank of America
BAC
|
+$20M |
| 5 |
State Street SPDR S&P Metals & Mining ETF
XME
|
+$19.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
|
+$89.6M |
| 2 |
iShares Silver Trust
SLV
|
+$85.5M |
| 3 |
PayPal
PYPL
|
+$76.1M |
| 4 |
VanEck Gold Miners ETF
GDX
|
+$66.2M |
| 5 |
Mastercard
MA
|
+$56.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.36% |
| 2 | Financials | 1.01% |
| 3 | Healthcare | 0.91% |
| 4 | Consumer Discretionary | 0.67% |
| 5 | Industrials | 0.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$776B
| $2.24B | 9.13% |
7,278,300
-4,021,400
| -36% | -$1.18B |
|
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$776B
| $1.28B | 5.23% |
4,166,900
-5,296,500
| -56% | -$1.55B |
|
3
PUT
Invesco QQQ Trust
QQQ
$460B
| $643M | 2.61% |
2,596,300
-1,362,700
| -34% | -$305M |
|
4
PUT
VanEck Oil Services ETF
OIH
$2.02B
| $419M | 1.7% |
3,436,800
+3,247,165
| +1,712% | +$363M |
|
5
PUT
iShares Russell 2000 ETF
IWM
$80.9B
| $351M | 1.43% |
2,453,000
+279,400
| +13% | +$36.7M |
|
6
PUT
Microsoft
MSFT
$2.83T
| $302M | 1.23% |
1,485,900
+185,900
| +14% | +$33.7M |
|
|
7
CALL
iShares Russell 2000 ETF
IWM
$80.9B
| $247M | 1.01% |
1,727,700
+927,000
| +116% | +$122M |
|
8
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$24B
| $212M | 0.86% |
7,501,600
+4,888,400
| +187% | +$141M |
|
|
9
PUT
VanEck Gold Miners ETF
GDX
$22.9B
| $202M | 0.82% |
5,507,400
+1,195,600
| +28% | +$39.3M |
|
|
10
PUT
PayPal
PYPL
$49.1B
| $195M | 0.79% |
1,117,200
-111,800
| -9% | -$15.5M |
|
11
PUT
Meta Platforms (Facebook)
META
$1.54T
| $163M | 0.66% |
720,000
+242,100
| +51% | +$50.5M |
|
12
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$41.6B
| $159M | 0.65% |
1,588,800
+876,700
| +123% | +$86.5M |
|
13
PUT
NVIDIA
NVDA
$5.07T
| $153M | 0.62% |
16,108,000
-2,548,000
| -14% | -$20.6M |
|
|
14
CALL
iShares Silver Trust
SLV
$27.8B
| $141M | 0.57% |
8,275,600
+7,632,800
| +1,187% | +$117M |
|
15
PUT
Gilead Sciences
GILD
$161B
| $134M | 0.55% |
+1,743,200
| New | +$134M |
|
16
PUT
Tesla
TSLA
$1.2T
| $134M | 0.54% |
1,860,000
+822,000
| +79% | +$44.5M |
|
17
PUT
iShares US Home Construction ETF
ITB
$2.32B
| $133M | 0.54% |
3,014,600
+378,600
| +14% | +$14.5M |
|
18
PUT
iShares Semiconductor ETF
SOXX
$45.9B
| $132M | 0.54% |
1,458,900
+1,038,600
| +247% | +$84M |
|
19
PUT
Salesforce
CRM
$129B
| $128M | 0.52% |
685,000
+619,000
| +938% | +$104M |
|
20
PUT
iShares Russell 2000 Growth ETF
IWO
$14.6B
| $127M | 0.52% |
+616,300
| New | +$115M |
|
21
PUT
iShares Expanded Tech-Software Sector ETF
IGV
$12.9B
| $116M | 0.47% |
2,034,500
-4,287,500
| -68% | -$215M |
|
22
PUT
Apple
AAPL
$4.71T
| $115M | 0.47% |
1,259,600
-2,622,800
| -68% | -$203M |
|
23
PUT
Qualcomm
QCOM
$178B
| $111M | 0.45% |
1,220,800
+690,700
| +130% | +$55.4M |
|
24
PUT
VanEck Junior Gold Miners ETF
GDXJ
$7.05B
| $109M | 0.45% |
2,207,600
-425,300
| -16% | -$18M |
|
25
PUT
McDonald's
MCD
$186B
| $109M | 0.44% |
589,900
+335,800
| +132% | +$61.6M |
|
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VDI
RS
MF
SCB
WAM
Twin Tree Management's Q2 2020 Portfolio in Review
As of Q2 2020, Twin Tree Management held 1,786 positions worth $24.6B, up 18% from $20.8B the previous quarter. Its ten largest holdings account for 25% of the portfolio.
Twin Tree Management withdrew a net $1.16B in Q2 2020, closing 361 positions and reducing 424 holdings. Its most notable exit was State Street SPDR Dow Jones Industrial Average ETF Trust, an estimated $89.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.4% of assets, down from 1.9% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Twin Tree Management opened a new position in Berkshire Hathaway Class B worth $25.1M.
- Twin Tree Management's largest Q2 2020 buy was Berkshire Hathaway Class B: 140,504 shares worth $25.1M.
- Twin Tree Management added most to Franco-Nevada in Q2 2020, an estimated $20.1M increase.
- Twin Tree Management's biggest Q2 2020 reduction was VanEck Gold Miners ETF, cutting an estimated $66.2M.
- Twin Tree Management fully exited State Street SPDR Dow Jones Industrial Average ETF Trust in Q2 2020, selling an estimated $89.6M.
- Twin Tree Management's ten largest holdings make up 25% of its $24.6B portfolio in Q2 2020.
- Twin Tree Management opened 462 new positions and closed 361 in Q2 2020.
- Twin Tree Management's portfolio value rose 18% quarter-over-quarter to $24.6B.
Based on Twin Tree Management's 13F filing for Q2 2020, filed 12 Aug 2020.