Twin Tree Management, LP
Sector Allocation
- Technology34.0%$218.4M
- Financials12.7%$81.4M
- Other12.2%$78.5M
- Consumer Discretionary8.8%$56.6M
- Materials8.6%$55.2M
- Industrials6.3%$40.7M
- Consumer Staples4.9%$31.6M
- Communication Services3.6%$23.0M
- Energy3.4%$21.7M
- Utilities2.6%$16.7M
AUM History
13fpro.ai/research/fund/twin-tree-management-lp-1535588
Conviction and streaks
Stable · top 10 = 17.5%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/twin-tree-management-lp-1535588
Twin Tree Management, LP 13F holdings — Q2 2026
$5.3B portfolio (+11.9% QoQ) · 1,357 holdings · Q2 2026 13F · top 10 are 18% of the stock portfolio
Includes $4.7B of put/call options ($2.4B puts, $2.3B calls), which 13F rules report at the value of the underlying shares, not the premium at risk. Stocks alone: $642.1M. Weights use the stock portfolio.
$15.7M
2.5% of stocks
+82%This quarter+8.2%Since filed2 qtrsHeld$14.7M
2.3% of stocks
+56%This quarter-9.1%Since filed2 qtrsHeld$14.4M
2.3% of stocks
+2847%This quarter-13.9%Since filed4 qtrsHeld$13.1M
2.0% of stocks
+46%This quarter-9.2%Since filed6 qtrsHeld$11.3M
1.8% of stocks
+1140%This quarter-17.8%Since filed3 qtrsHeld- 6
VANECK ETF TRUST - GOLD MINERS ETF
$10.1M
1.6% of stocks
+65%This quarter—Since filed—HeldAIQuality—Est. buy— $8.7M
1.4% of stocks
+33%This quarter-12.1%Since filed3 qtrsHeld$8.6M
1.3% of stocks
NewThis quarter-9.4%Since filedNew this quarterHeld$286.9M
-26%This quarter—Since filed—Held$227.2M
-7%This quarter—Since filed—Held
All holdings — Twin Tree Management, LP (Q2 2026)
1,357 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated. The page lists up to 1,000; every position is in the Excel export.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | INVESCO QQQ TRUST, SERIES 1 | — | $107.1M | — | 146K | -66% | — | — | 13F | |
| 12 | ASML HOLDING NV | Technology | $52.7M | — | 27K | +123% | — | — | 13F | |
| 13 | — CALL | ISHARES TR - RUSSELL 2000 ETF | — | $51.1M | — | 170K | -31% | — | — | 13F |
| 14 | TORONTO DOMINION BANK | Financials | $44.9M | — | 370K | +52% | — | — | 13F | |
| 15 | MICROSOFT CORP | Technology | $44.1M | — | 118K | +32% | — | — | 13F | |
| 16 | ARM HOLDINGS PLC /UK | Technology | $40.4M | — | 114K | -34% | — | — | 13F | |
| 17 | — PUT | SELECT SECTOR SPDR TR - ST STR ENERG ETF | — | $38.9M | — | 732K | +2278% | — | — | 13F |
| 18 | AMAZON COM INC | Consumer Discretionary | $38.9M | — | 163K | +400% | — | — | 13F | |
| 19 | Alphabet Inc. | Technology | $38.6M | — | 108K | +317% | — | — | 13F | |
| 20 | Apple Inc. | Technology | $38.0M | — | 131K | -6% | — | — | 13F | |
| 21 | CISCO SYSTEMS, INC. | Technology | $36.4M | — | 310K | -62% | — | — | 13F | |
| 22 | — CALL | VANECK ETF TRUST - SEMICONDUCTR ETF | — | $36.3M | — | 55K | New | — | — | 13F |
| 23 | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $33.1M | — | 35K | +79% | — | — | 13F | |
| 24 | INTERNATIONAL BUSINESS MACHINES CORP | Technology | $33.0M | — | 118K | +175% | — | — | 13F | |
| 25 | CATERPILLAR INC | Industrials | $31.2M | — | 29K | +581% | — | — | 13F | |
| 26 | $SLV PUT | iShares Silver Trust | Financials | $29.7M | — | 556K | +8% | |||
| 27 | $MU PUT | MICRON TECHNOLOGY INC | Technology | $29.4M | — | 26K | -62% | |||
| 28 | $T CALL | AT&T INC. | Communication Services | $28.9M | — | 1.40M | +3910% | |||
| 29 | $GLD PUT | SPDR GOLD TRUST | Financials | $27.0M | — | 73K | -59% | |||
| 30 | $GLD CALL | SPDR GOLD TRUST | Financials | $24.4M | — | 66K | +84% | |||
| 31 | $BA PUT | BOEING CO | Industrials | $24.1M | — | 111K | +2683% | |||
| 32 | $NFLX PUT | NETFLIX INC | Communication Services | $23.6M | — | 330K | +183% | |||
| 33 | $AVGO PUT | Broadcom Inc. | Technology | $23.4M | — | 62K | +21% | |||
| 34 | $UPS PUT | UNITED PARCEL SERVICE INC | Industrials | $23.2M | — | 216K | +1012% | |||
| 35 | $ORCL PUT | ORACLE CORP | Technology | $22.9M | — | 157K | -10% | |||
| 36 | — PUT | VANECK ETF TRUST - GOLD MINERS ETF | — | $21.7M | — | 288K | -16% | |||
| 37 | $NVDA PUT | NVIDIA CORP | Technology | $19.7M | — | 98K | +102% | |||
| 38 | $IAU CALL | ISHARES GOLD TRUST | Financials | $19.5M | — | 259K | +355% | |||
| 39 | $SLV CALL | iShares Silver Trust | Financials | $19.5M | — | 365K | -43% | |||
| 40 | $IAU PUT | ISHARES GOLD TRUST | Financials | $19.5M | — | 258K | -46% | |||
| 41 | $BMO PUT | BANK OF MONTREAL /CAN/ | Financials | $19.5M | — | 110K | -11% | |||
| 42 | $MO PUT | ALTRIA GROUP, INC. | Consumer Staples | $19.3M | — | 269K | +111% | |||
| 43 | $BMY CALL | BRISTOL MYERS SQUIBB CO | Healthcare | $19.0M | — | 330K | +239% | |||
| 44 | $CCL CALL | Carnival Corp Ltd. | Industrials | $18.9M | — | 662K | +1147% | |||
| 45 | $BRK.B PUT | BERKSHIRE HATHAWAY INC | Financials | $18.6M | — | 37K | -42% | |||
| 46 | — PUT | ISHARES TR - EXPANDED TECH | — | $18.4M | — | 203K | +776% | |||
| 47 | $MTD CALL | METTLER TOLEDO INTERNATIONAL INC/ | Healthcare | $18.4M | — | 14K | New | |||
| 48 | $TSLA PUT | Tesla, Inc. | Consumer Discretionary | $18.3M | — | 43K | +21% | |||
| 49 | $PFE PUT | PFIZER INC | Healthcare | $18.1M | — | 750K | +162% | |||
| 50 | $RSG PUT | REPUBLIC SERVICES, INC. | Utilities | $17.6M | — | 83K | New | |||
| 51 | $ALAB PUT | Astera Labs, Inc. | Technology | $17.6M | — | 36K | -40% | |||
| 52 | $DELL PUT | Dell Technologies Inc. | Technology | $17.5M | — | 41K | -41% | |||
| 53 | $WELL CALL | WELLTOWER INC. | Real Estate | $17.4M | — | 77K | New | |||
| 54 | $CRM PUT | Salesforce, Inc. | Technology | $17.4M | — | 111K | New | |||
| 55 | $NEM PUT | NEWMONT Corp /DE/ | Materials | $17.4M | — | 186K | +2313% | |||
| 56 | $VRT PUT | Vertiv Holdings Co | Technology | $16.7M | — | 50K | +57% | |||
| 57 | $PFE CALL | PFIZER INC | Healthcare | $16.4M | — | 682K | +55% | |||
| 58 | $CVS CALL | CVS HEALTH Corp | Healthcare | $16.3M | — | 158K | -10% | |||
| 59 | — CALL | VANGUARD STAR FDS - VG TL INTL STK F | — | $15.8M | — | 185K | New | |||
| 60 | $KR PUT | KROGER CO | Consumer Staples | $15.2M | — | 275K | +48% | |||
| 61 | $CMG PUT | CHIPOTLE MEXICAN GRILL INC | Consumer Discretionary | $15.2M | — | 447K | +102% | |||
| 62 | $DELL CALL | Dell Technologies Inc. | Technology | $14.9M | — | 35K | -55% | |||
| 63 | $MCK CALL | MCKESSON CORP | Consumer Staples | $14.9M | — | 20K | +208% | |||
| 64 | $MKL CALL | MARKEL GROUP INC. | Financials | $14.8M | — | 7,600 | -28% | |||
| 65 | $BURL PUT | Burlington Stores, Inc. | Consumer Discretionary | $14.6M | — | 46K | New | |||
| 66 | $META PUT | Meta Platforms, Inc. | Technology | $14.5M | — | 26K | +70% | |||
| 67 | $TM PUT | TOYOTA MOTOR CORP/ | Consumer Discretionary | $14.0M | — | 83K | +142% | |||
| 68 | $O CALL | REALTY INCOME CORP | Real Estate | $13.9M | — | 225K | +28% | |||
| 69 | $LLY PUT | ELI LILLY & Co | Healthcare | $13.8M | — | 12K | +858% | |||
| 70 | $DEO CALL | DIAGEO PLC | Consumer Staples | $13.7M | — | 170K | +851% | |||
| 71 | — PUT | STATE STR SPDR DOW JONES IND - UT SER 1 | — | $13.5M | — | 26K | New | |||
| 72 | $FTNT PUT | Fortinet, Inc. | Technology | $13.3M | — | 87K | New | |||
| 73 | $BTI CALL | British American Tobacco p.l.c. | Consumer Staples | $13.3M | — | 216K | +193% | |||
| 74 | $MRVL PUT | Marvell Technology, Inc. | Technology | $13.2M | — | 44K | -72% | |||
| 75 | $GWW CALL | W.W. GRAINGER, INC. | Consumer Discretionary | $13.2M | — | 9,700 | -23% | |||
| 76 | $GEV PUT | GE Vernova Inc. | Industrials | $13.2M | — | 11K | -50% | |||
| 77 | $DDOG PUT | Datadog, Inc. | Technology | $13.0M | — | 50K | +117% | |||
| 78 | $EXE PUT | EXPAND ENERGY Corp | Energy | $12.6M | — | 139K | +374% | |||
| 79 | $SNDK PUT | Sandisk Corp | Technology | $12.5M | — | 5,500 | -30% | |||
| 80 | $BTI PUT | British American Tobacco p.l.c. | Consumer Staples | $12.5M | — | 202K | +267% | |||
| 81 | $MSI CALL | Motorola Solutions, Inc. | Technology | $12.5M | — | 30K | +71% | |||
| 82 | — PUT | ISHARES TR - RUSSELL 2000 ETF | — | $12.2M | — | 41K | +134% | |||
| 83 | $CEG PUT | Constellation Energy Corp | Utilities | $12.2M | — | 49K | +61% | |||
| 84 | $HSBC CALL | HSBC HOLDINGS PLC | Financials | $12.2M | — | 128K | +199% | |||
| 85 | $CRWD CALL | CrowdStrike Holdings, Inc. | Technology | $12.1M | — | 16K | -36% | |||
| 86 | $XOM.R34088 CALL | EXXON MOBIL CORP | Energy | $12.0M | — | 88K | -26% | |||
| 87 | $TXN PUT | TEXAS INSTRUMENTS INC | Technology | $12.0M | — | 40K | +580% | |||
| 88 | $PYPL PUT | PayPal Holdings, Inc. | Financials | $11.9M | — | 276K | New | |||
| 89 | — PUT | SELECT SECTOR SPDR TR - ST STR STAPL ETF | — | $11.8M | — | 142K | +311% | |||
| 90 | $PLTR PUT | Palantir Technologies Inc. | Technology | $11.7M | — | 101K | +3% | |||
| 91 | $CINF CALL | CINCINNATI FINANCIAL CORP | Financials | $11.6M | — | 63K | +34% | |||
| 92 | $F PUT | FORD MOTOR CO | Consumer Discretionary | $11.5M | — | 830K | +173% | |||
| 93 | $GWW PUT | W.W. GRAINGER, INC. | Consumer Discretionary | $11.4M | — | 8,400 | -38% | |||
| 94 | $NGG CALL | NATIONAL GRID PLC | Energy | $11.4M | — | 137K | +145% | |||
| 95 | $GLW PUT | CORNING INC /NY | Materials | $11.3M | — | 44K | +58% | |||
| 96 | $URI CALL | UNITED RENTALS, INC. | Industrials | $11.2M | — | 9,900 | -39% | |||
| 97 | $ALL CALL | ALLSTATE CORP | Financials | $11.1M | — | 47K | +11% | |||
| 98 | $CVS PUT | CVS HEALTH Corp | Healthcare | $11.0M | — | 107K | +703% | |||
| 99 | $SBUX CALL | STARBUCKS CORP | Consumer Discretionary | $11.0M | — | 108K | +7% | |||
| 100 | $WPC CALL | W. P. Carey Inc. | Real Estate | $10.9M | — | 153K | -33% | |||
| 101 | $CCJ PUT | CAMECO CORP | Materials | $10.9M | — | 107K | +370% | |||
| 102 | $YUM CALL | YUM BRANDS INC | Consumer Discretionary | $10.9M | — | 68K | +66% | |||
| 103 | $CRWD PUT | CrowdStrike Holdings, Inc. | Technology | $10.8M | — | 14K | -57% | |||
| 104 | $SOLV CALL | Solventum Corp | Healthcare | $10.8M | — | 140K | +15% | |||
| 105 | $ZM PUT | Zoom Communications, Inc. | Technology | $10.7M | — | 124K | +334% | |||
| 106 | — CALL | VANGUARD INDEX FDS - REAL ESTATE ETF | — | $10.6M | — | 110K | New | |||
| 107 | $DAL PUT | DELTA AIR LINES, INC. | Industrials | $10.5M | — | 112K | +480% | |||
| 108 | $ADBE PUT | ADOBE INC. | Technology | $10.4M | — | 51K | +534% | |||
| 109 | $LUV CALL | SOUTHWEST AIRLINES CO | Industrials | $10.2M | — | 198K | +1070% | |||
| 110 | $PANW CALL | Palo Alto Networks Inc | Technology | $10.2M | — | 30K | New | |||
| 111 | $BHP PUT | BHP Group Ltd | Materials | $10.1M | — | 122K | -0.2% | |||
| 112 | $CCI CALL | CROWN CASTLE INC. | Real Estate | $10.1M | — | 134K | -23% | |||
| 113 | $PSA CALL | Public Storage | Real Estate | $10.1M | — | 32K | -43% | |||
| 114 | $GS CALL | GOLDMAN SACHS GROUP INC | Financials | $10.0M | — | 9,900 | -1% | |||
| 115 | $GRMN CALL | GARMIN LTD | Technology | $10.0M | — | 42K | +1722% | |||
| 116 | $BAC CALL | BANK OF AMERICA CORP /DE/ | Financials | $9.9M | — | 175K | New | |||
| 117 | — PUT | SPDR SERIES TRUST - ST STR SP METAL | — | $9.8M | — | 92K | New | |||
| 118 | $UBS CALL | UBS Group AG | Financials | $9.8M | — | 198K | +208% | |||
| 119 | $OHI CALL | OMEGA HEALTHCARE INVESTORS INC | Real Estate | $9.8M | — | 205K | +110% | |||
| 120 | $OXY PUT | OCCIDENTAL PETROLEUM CORP /DE/ | Energy | $9.7M | — | 199K | +87% | |||
| 121 | $ED CALL | CONSOLIDATED EDISON INC | Utilities | $9.7M | — | 87K | +511% | |||
| 122 | $SYY CALL | SYSCO CORP | Consumer Discretionary | $9.7M | — | 116K | +97% | |||
| 123 | $RKLB PUT | Rocket Lab Corp | Industrials | $9.6M | — | 95K | -7% | |||
| 124 | $EXR CALL | Extra Space Storage Inc. | Real Estate | $9.5M | — | 65K | -13% | |||
| 125 | $MO CALL | ALTRIA GROUP, INC. | Consumer Staples | $9.4M | — | 131K | -5% | |||
| 126 | $META CALL | Meta Platforms, Inc. | Technology | $9.4M | — | 17K | -18% | |||
| 127 | $AMT CALL | AMERICAN TOWER CORP /MA/ | Real Estate | $9.4M | — | 57K | New | |||
| 128 | $INTU PUT | INTUIT INC. | Technology | $9.3M | — | 36K | +750% | |||
| 129 | $GOOGL CALL | Alphabet Inc. | Technology | $9.2M | — | 26K | +1068% | |||
| 130 | $MSFT CALL | MICROSOFT CORP | Technology | $9.0M | — | 24K | +32% | |||
| 131 | — CALL | ISHARES INC - MSCI CDA ETF | — | $8.9M | — | 155K | -71% | |||
| 132 | $COST CALL | COSTCO WHOLESALE CORP /NEW | Consumer Staples | $8.9M | — | 9,500 | +850% | |||
| 133 | $DOC CALL | HEALTHPEAK PROPERTIES, INC. | Real Estate | $8.9M | — | 415K | +608% | |||
| 134 | $AGNC CALL | AGNC Investment Corp. | Real Estate | $8.9M | — | 815K | +460% | |||
| 135 | $LITE PUT | Lumentum Holdings Inc. | Technology | $8.8M | — | 10K | New | |||
| 136 | $AFL CALL | AFLAC INC | Financials | $8.7M | — | 74K | +3438% | |||
| 137 | $TXN CALL | TEXAS INSTRUMENTS INC | Technology | $8.7M | — | 29K | +120% | |||
| 138 | $INTU CALL | INTUIT INC. | Technology | $8.6M | — | 33K | +91% | |||
| 139 | — CALL | ISHARES TR - SELECT DIVID ETF | — | $8.6M | — | 55K | -19% | |||
| 140 | $COP PUT | CONOCOPHILLIPS | Energy | $8.5M | — | 82K | New | |||
| 141 | $CM CALL | CANADIAN IMPERIAL BANK OF COMMERCE /CAN/ | Financials | $8.5M | — | 74K | New | |||
| 142 | $ING CALL | ING GROEP NV | Financials | $8.5M | — | 271K | New | |||
| 143 | $DVA CALL | DAVITA INC. | Healthcare | $8.5M | — | 38K | +617% | |||
| 144 | $XOM.R34088 PUT | EXXON MOBIL CORP | Energy | $8.4M | — | 61K | +202% | |||
| 145 | $SLB PUT | SLB LIMITED/NV | Energy | $8.4M | — | 180K | -27% | |||
| 146 | $NKE PUT | NIKE, Inc. | Consumer Discretionary | $8.4M | — | 204K | +35% | |||
| 147 | $COP CALL | CONOCOPHILLIPS | Energy | $8.3M | — | 80K | New | |||
| 148 | $BBY CALL | BEST BUY CO INC | Consumer Discretionary | $8.3M | — | 110K | New | |||
| 149 | $EQT PUT | EQT Corp | Energy | $8.3M | — | 157K | New | |||
| 150 | $AMZN CALL | AMAZON COM INC | Consumer Discretionary | $8.2M | — | 35K | -84% |
What changed in Q2 2026
Against the previous quarter's 13F: 515 new, 376 added to, 408 trimmed, 400 sold out. Share-count changes; largest moves by dollar size first.
New positions (515)
- CALLVANECK ETF TRUST - SEMICONDUCTR ETF$36.3M
first bought this quarter
$MTDCALLMETTLER TOLEDO INTERNATIONAL INC/$18.4M
first bought this quarter
$RSGPUTREPUBLIC SERVICES, INC.$17.6M
first bought this quarter
$WELLCALLWELLTOWER INC.$17.4M
first bought this quarter
$CRMPUTSalesforce, Inc.$17.4M
first bought this quarter
- CALLVANGUARD STAR FDS - VG TL INTL STK F$15.8M
first bought this quarter
+509 more in the Excel export
Added to (376)
- PUTSELECT SECTOR SPDR TR - ST STR ENERG ETF+2278%
now $38.9M
$AMZNPUTAMAZON COM INC+400%
now $38.9M
$GOOGLPUTAlphabet Inc.+317%
now $38.6M
$ASMLPUTASML HOLDING NV+123%
now $52.7M
$TCALLAT&T INC.+3910%
now $28.9M
$CATPUTCATERPILLAR INC+581%
now $31.2M
+370 more in the Excel export
Holdings by quarter
Every 13F Twin Tree Management, LP has filed, 41 earlier quarters. Pick one to see what it held then.
Is it too late to follow Twin Tree Management?
Q2 2026 13F filed with the SEC on Aug 12, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Twin Tree Management's top 20 holdings: 74/100 (our AI quality score, weighted by position size; 16 of the 20 are scored)
Top 10 since filing
-7.3%
Value-weighted move of the 10 largest stock positions
Turnover
57%
Last quarter; 153% over the last 4
Top 10 weight
18%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
24%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Twin Tree Management, LP disclosed 1,357 positions worth $5.3B in its Form 13F-HR for Q2 2026 — $642.1M in common stock plus $4.7B of put/call option positions (reported at underlying notional value, not premium at risk), led by $MSFT (MICROSOFT CORP) at 2.5% of the equity portfolio, followed by $IAU and $NFLX. During the quarter the fund opened 515 new positions and exited 400 and a full exit from $NVDA. The portfolio is most concentrated in Technology (34.0% of disclosed assets). All figures are sourced directly from Twin Tree Management, LP’s Form 13F-HR filing with the SEC under CIK 1535588.
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