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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
+11.29%
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
$24.3B
AUM Growth
-$301M
(-1.2%)
Cap. Flow
-$2.46B
Cap. Flow
% of AUM
-10.14%
Top 10 Holdings %
Top 10 Hldgs %
25.94%
Holding
1,708
New
283
Increased
380
Reduced
490
Closed
531
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Silver Trust
SLV
|
+$38.7M |
| 2 |
Advanced Micro Devices
AMD
|
+$25.7M |
| 3 |
Cisco
CSCO
|
+$23.7M |
| 4 |
Gilead Sciences
GILD
|
+$22.4M |
| 5 |
Nike
NKE
|
+$22.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Franco-Nevada
FNV
|
+$28.7M |
| 2 |
DOCU
DocuSign
DOCU
|
+$28M |
| 3 |
FedEx
FDX
|
+$26.9M |
| 4 |
State Street SPDR S&P Metals & Mining ETF
XME
|
+$23M |
| 5 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$22.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 1.46% |
| 2 | Financials | 0.92% |
| 3 | Industrials | 0.79% |
| 4 | Consumer Discretionary | 0.72% |
| 5 | Healthcare | 0.68% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$775B
| $1.29B | 5.31% |
3,854,300
-3,424,000
| -47% | -$1.13B |
|
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$775B
| $1.21B | 4.97% |
3,607,000
-559,900
| -13% | -$186M |
|
3
PUT
Invesco QQQ Trust
QQQ
$458B
| $1.03B | 4.24% |
3,703,900
+1,107,600
| +43% | +$300M |
|
|
4
CALL
Invesco QQQ Trust
QQQ
$458B
| $732M | 3.01% |
2,634,300
+2,319,700
| +737% | +$629M |
|
5
PUT
iShares Russell 2000 ETF
IWM
$80.9B
| $526M | 2.17% |
3,512,000
+1,059,000
| +43% | +$159M |
|
6
PUT
NVIDIA
NVDA
$5.03T
| $409M | 1.69% |
30,248,000
+14,140,000
| +88% | +$165M |
|
7
PUT
Microsoft
MSFT
$2.83T
| $346M | 1.42% |
1,645,200
+159,300
| +11% | +$33.5M |
|
8
PUT
Apple
AAPL
$4.71T
| $298M | 1.23% |
2,569,100
+1,309,500
| +104% | +$143M |
|
9
PUT
iShares Semiconductor ETF
SOXX
$45.7B
| $233M | 0.96% |
2,298,000
+839,100
| +58% | +$82M |
|
10
PUT
Berkshire Hathaway Class B
BRK.B
$1.06T
| $229M | 0.94% |
1,076,500
+501,100
| +87% | +$103M |
|
|
11
PUT
FedEx
FDX
$74.6B
| $222M | 0.91% |
883,400
+518,100
| +142% | +$104M |
|
12
PUT
VanEck Semiconductor ETF
SMH
$69.3B
| $190M | 0.78% |
2,186,000
+930,800
| +74% | +$78M |
|
|
13
CALL
iShares Russell 2000 ETF
IWM
$80.9B
| $177M | 0.73% |
1,180,400
-547,300
| -32% | -$82.3M |
|
14
PUT
Walt Disney
DIS
$161B
| $169M | 0.7% |
1,361,000
+800,800
| +143% | +$100M |
|
15
PUT
Home Depot
HD
$324B
| $166M | 0.68% |
596,300
+324,600
| +119% | +$87.9M |
|
16
PUT
McDonald's
MCD
$186B
| $165M | 0.68% |
753,900
+164,000
| +28% | +$33.7M |
|
17
PUT
Visa
V
$667B
| $162M | 0.67% |
809,700
+417,800
| +107% | +$83.5M |
|
|
XYZ
18
PUT
Block Inc
XYZ
$45.7B
| $160M | 0.66% |
984,900
+54,200
| +6% | +$7.65M |
|
19
CALL
iShares Core S&P Small-Cap ETF
IJR
$109B
| $148M | 0.61% |
2,110,900
+777,500
| +58% | +$55.7M |
|
20
PUT
Mastercard
MA
$467B
| $147M | 0.61% |
435,300
+268,400
| +161% | +$87.3M |
|
21
PUT
Tesla
TSLA
$1.2T
| $145M | 0.6% |
1,016,700
-843,300
| -45% | -$99.6M |
|
22
PUT
TSMC
TSM
$2.15T
| $143M | 0.59% |
1,762,200
+1,743,500
| +9,324% | +$132M |
|
23
PUT
Starbucks
SBUX
$117B
| $137M | 0.57% |
1,599,500
+846,600
| +112% | +$67.5M |
|
24
PUT
PayPal
PYPL
$49.1B
| $131M | 0.54% |
666,200
-451,000
| -40% | -$84.9M |
|
25
PUT
Intel
INTC
$501B
| $130M | 0.54% |
2,516,100
+1,244,200
| +98% | +$64.7M |
|
Similar funds
JCM
SAMU
RC
VDI
RS
MF
SCB
WAM
Twin Tree Management's Q3 2020 Portfolio in Review
As of Q3 2020, Twin Tree Management held 1,708 positions worth $24.3B, down 1.2% from $24.6B the previous quarter. Its ten largest holdings account for 26% of the portfolio.
Twin Tree Management withdrew a net $2.46B in Q3 2020, closing 531 positions and reducing 490 holdings. Its most notable exit was FedEx, an estimated $26.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 1.5% of assets, up from 1.4% a quarter earlier, followed by Financials and Industrials.
Against the trend, Twin Tree Management opened a new position in iShares Silver Trust worth $36.8M.
- Twin Tree Management's largest Q3 2020 buy was iShares Silver Trust: 1,702,316 shares worth $36.8M.
- Twin Tree Management added most to Advanced Micro Devices in Q3 2020, an estimated $25.7M increase.
- Twin Tree Management's biggest Q3 2020 reduction was Franco-Nevada, cutting an estimated $28.7M.
- Twin Tree Management fully exited FedEx in Q3 2020, selling an estimated $26.9M.
- Twin Tree Management's ten largest holdings make up 26% of its $24.3B portfolio in Q3 2020.
- Twin Tree Management opened 283 new positions and closed 531 in Q3 2020.
- Twin Tree Management's portfolio value fell 1.2% quarter-over-quarter to $24.3B.
Based on Twin Tree Management's 13F filing for Q3 2020, filed 13 Nov 2020.