Twin Tree Management, LP

CIK

1535588

Location

DALLAS, TX

Portfolio Value

Mid $4,924,081,266

Diversification

Diversified

Filing Date

Global Rank

#728 / 8,517 ▲ 10

Top Industry

Software - Infrastructure 7.4%

3Y Alpha vs SPY

+37.8%

Period ended 46 days ago

Filed Aug 12, 2026 · 3d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Not a measure of this manager's performance. Most of Twin Tree Management, LP's reported book is option positions, which a stock-only clone cannot replicate. The figures below are the return of the 30% that is ordinary stock — as little as 7% in one quarter — so a manager whose options thesis lost money can still show a large gain here.

Cloned portfolio

+299.8%

SPY

+75.3%

Annualised alpha

+38.1%

Max drawdown

−22.8%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 30% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

713 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

10.4%

−1.9 pts

Top 5

16.6%

−8.1 pts

Top 10

22.0%

−8.5 pts

HHI

150

Diversified−83

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	25.0%	$1,231,992,993	155
Unclassified	17.3%	$851,309,742	10
Industrials	10.2%	$500,957,956	113
Financial Services	9.3%	$460,004,613	97
Consumer Cyclical	9.2%	$453,800,630	85
Healthcare	6.4%	$316,742,983	64
Consumer Defensive	5.6%	$275,318,800	36
Communication Services	4.6%	$228,771,217	22
Basic Materials	3.9%	$190,850,436	46
Energy	3.4%	$169,520,142	36
Real Estate	3.0%	$147,844,255	30
Utilities	2.0%	$96,967,499	19

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
T	At&T Inc.	+1,605,900	1,640,700	$33,962,490
PFE	Pfizer Inc	+772,107	1,499,107	$36,098,496
AGNC	AGNC Investment Corp.	+669,400	814,800	$8,881,320
CCL	Carnival Corp Ltd.	+644,300	738,900	$21,110,373
HMC	Honda Motor Co Ltd	+482,664	487,500	$13,216,125
NFLX	Netflix Inc	+408,893	620,150	$44,278,710
DOC	Healthpeak Properties, Inc.	+338,920	415,100	$8,883,140
BTI	British American Tobacco p.l.c.	+295,473	424,073	$26,190,748
CMG	Chipotle Mexican Grill Inc	+293,225	604,412	$20,550,008
NEM	NEWMONT Corp /DE/	+286,212	293,912	$27,451,380
PHG	Koninklijke Philips NV	+283,000	427,900	$11,634,601
PYPL	PayPal Holdings, Inc.	+270,492	336,264	$14,519,879
UBS	UBS Group AG	+270,300	334,500	$16,577,820
VG	Venture Global, Inc.	+243,721	601,721	$6,697,154
OXY	Occidental Petroleum Corp /De/	+226,293	367,970	$17,872,302
KR	Kroger Co	+220,096	502,841	$27,922,760
TOST	Toast, Inc.	+219,585	224,185	$6,236,826
AG	First Majestic Silver Corp	+217,245	333,989	$5,664,453
HL	Hecla Mining Co/De/	+210,306	274,472	$4,235,102
EQT	EQT Corp	+197,386	205,769	$10,940,737
TU	Telus Corp	+194,311	222,631	$2,353,209
MFC	Manulife Financial Corp	+186,958	238,200	$9,649,482
UPS	United Parcel Service Inc	+179,656	263,600	$28,337,000
CRM	Salesforce, Inc.	+176,495	198,895	$31,158,890
DEO	Diageo PLC	+170,573	196,300	$15,778,594
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CSCO	Cisco Systems, Inc.	−817,014	349,780	$41,085,158
LEVI	Levi Strauss & Co	−389,856	9,344	$232,011
QQQ	Invesco Qqq Trust, Series 1	−347,500	145,500	$107,146,200
VFC	V F Corp	−291,144	17,171	$286,412
BMY	Bristol Myers Squibb Co	−259,400	398,000	$22,932,760
KGC	Kinross Gold Corp	−245,941	20,659	$487,965
CNQ	CANADIAN NATURAL RESOURCES Ltd	−241,735	46,965	$1,855,117
CHWY	Chewy, Inc.	−241,618	50,500	$992,325
RIOT	Riot Platforms, Inc.	−209,219	98,200	$2,688,716
AMTM	Amentum Holdings, Inc.	−187,000	59,900	$1,238,133
MRVL	Marvell Technology, Inc.	−186,940	55,369	$16,493,871
IOT	Samsara Inc.	−167,074	34,800	$1,128,564
LNC	Lincoln National Corp	−165,600	48,100	$1,700,335
WMT	Walmart Inc.	−163,650	42,150	$4,773,909
NVDA	Nvidia Corp	−162,674	127,630	$25,537,486
SPY	Spdr S&P 500 ETF Trust	−161,600	688,400	$514,076,468
AM	Antero Midstream Corp	−157,700	14,800	$336,700
SLV	iShares Silver Trust	−143,554	1,018,204	$54,443,367
REXR	Rexford Industrial Realty, Inc.	−142,476	45,600	$1,527,600
MOS	Mosaic Co	−137,124	49,548	$1,049,922
RKT	Rocket Companies, Inc.	−132,659	242,914	$3,825,895
LYB	LyondellBasell Industries N.V.	−124,333	23,980	$1,262,547
CAG	Conagra Brands Inc.	−121,859	79,643	$1,071,994
CELH	Celsius Holdings, Inc.	−116,641	70,066	$2,051,532
TSN	Tyson Foods, Inc.	−114,600	41,600	$2,381,600
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
DIA	Spdr Dow Jones Industrial Average ETF Trust	39,853	$20,818,808
COP	Conocophillips	180,466	$18,761,245
MTD	Mettler Toledo International Inc/	14,400	$18,396,144
VXUS	Vanguard Total International Stock ETF	205,800	$17,593,842
WELL	Welltower Inc.	76,800	$17,431,296
BURL	Burlington Stores, Inc.	52,909	$16,761,571
FTNT	Fortinet, Inc.	108,200	$16,621,684
PANW	Palo Alto Networks Inc	41,200	$14,050,024
IFF	International Flavors & Fragrances Inc	150,500	$11,922,610
AMRZ	Amrize Ltd	206,857	$11,025,478
BAC	Bank Of America Corp /De/	174,600	$9,948,708
LRCX	Lam Research Corp	22,371	$9,694,025
CRWV	CoreWeave, Inc.	94,436	$9,400,159
TT	Trane Technologies plc	18,700	$9,184,692
CM	Canadian Imperial Bank Of Commerce /Can/	74,000	$8,510,000
ING	Ing Groep NV	271,000	$8,503,980
ERIC	Ericsson Lm Telephone Co	756,481	$8,434,763
SLF	Sun Life Financial Inc	102,955	$8,073,731
VEA	Vanguard FTSE Developed Markets ETF	112,500	$8,015,625
ROAD	Construction Partners, Inc.	63,300	$7,518,141
ZS	Zscaler, Inc.	51,947	$7,332,319
CAR	Avis Budget Group, Inc.	44,216	$6,536,451
TFC	Truist Financial Corp	121,300	$6,043,166
ZION	Zions Bancorporation, National Association /Ut/	85,400	$5,908,826
ROKU	Roku, Inc	42,761	$5,907,004
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
NOW	ServiceNow, Inc.	225,199	$23,544,555
LKQ	Lkq Corp	356,800	$10,479,216
AWK	American Water Works Company, Inc.	68,063	$9,262,693
GE	General Electric Co	26,500	$7,519,905
AMD	Advanced Micro Devices Inc	32,630	$6,637,920
MRNA	Moderna, Inc.	125,203	$6,360,312
AOS	Smith A O Corp	91,099	$6,007,068
LOGI	Logitech International S.A.	55,477	$5,055,064
CR	Crane Co	21,977	$3,758,067
IMO	Imperial Oil Ltd	27,800	$3,636,796
CHTR	Charter Communications, Inc. /Mo/	16,812	$3,629,374
LVS	Las Vegas Sands Corp	63,572	$3,425,259
BDC	Belden Inc.	28,700	$3,295,621
HLT	Hilton Worldwide Holdings Inc.	10,545	$3,206,523
ODFL	Old Dominion Freight Line, Inc.	14,700	$2,872,380
EG	Everest Group, Ltd.	8,600	$2,810,910
UHS	Universal Health Services Inc	15,295	$2,737,346
JOBY	Joby Aviation, Inc.	320,297	$2,645,653
EW	Edwards Lifesciences Corp	32,700	$2,618,616
OLED	Universal Display Corp Pa	27,700	$2,538,982
MIR	Mirion Technologies, Inc.	130,375	$2,423,671
CHE	Chemed Corp	6,100	$2,304,214
NBIX	Neurocrine Biosciences Inc	17,300	$2,279,102
ELAN	Elanco Animal Health Inc	95,200	$2,278,136
CME	Cme Group Inc.	7,700	$2,274,195
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

713 tracked positions · $4,924,081,266 total · filing declares 1,357 positions · $5,313,022,800 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 713 positions by value · page 1 of 15

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust PUT CALL	Reduced	688,400	-161,600	$514,076,468	−7.0%	10.44%
QQQ	Invesco Qqq Trust, Series 1 CALL	Reduced	145,500	-347,500	$107,146,200	−62.3%	2.18%
MSFT	Microsoft Corp PUT CALL + SHARES Technology	Added	184,301	+53,208	$68,747,959	+41.7%	1.40%
GLD	Spdr Gold Trust PUT CALL + SHARES	Reduced	175,164	-65,013	$64,526,914	−37.6%	1.31%
ASML	Asml Holding NV PUT CALL + SHARES Technology	Added	32,373	+11,677	$64,404,136	+135.6%	1.31%
AMZN	Amazon Com Inc PUT CALL + SHARES Consumer Cyclical	Reduced	228,920	-17,480	$54,560,792	+6.3%	1.11%
SLV	iShares Silver Trust PUT CALL + SHARES	Reduced	1,018,204	-143,554	$54,443,367	−31.2%	1.11%
GOOGL	Alphabet Inc. PUT CALL + SHARES Communication Services	Added	150,627	+120,083	$53,829,570	+512.9%	1.09%
IAU	Ishares Gold Trust PUT CALL + SHARES	Added	711,246	+50,678	$53,706,185	−7.8%	1.09%
AAPL	Apple Inc. PUT CALL + SHARES Technology	Reduced	163,696	-26,904	$47,367,074	−2.1%	0.96%
TD	Toronto Dominion Bank CALL + SHARES Financial Services	Added	375,320	+101,952	$45,575,107	+78.7%	0.93%
NFLX	Netflix Inc PUT CALL + SHARES Communication Services	Added	620,150	+408,893	$44,278,710	+118.0%	0.90%
ARM	Arm Holdings PLC /Uk PUT CALL + SHARES Technology	Reduced	122,396	-105,263	$43,397,949	+26.0%	0.88%
COST	Costco Wholesale Corp /New PUT CALL + SHARES Consumer Defensive	Added	45,579	+22,496	$42,637,787	+85.4%	0.87%
MU	Micron Technology Inc PUT CALL + SHARES Technology	Reduced	35,732	-56,135	$41,245,090	+32.9%	0.84%
CSCO	Cisco Systems, Inc. PUT CALL + SHARES Technology	Reduced	349,780	-817,014	$41,085,158	−54.6%	0.83%
IBM	International Business Machines Corp PUT CALL + SHARES Technology	Added	140,187	+50,249	$39,421,986	+80.8%	0.80%
ORCL	Oracle Corp PUT CALL + SHARES Technology	Reduced	267,525	-3,780	$39,205,788	−1.8%	0.80%
PFE	Pfizer Inc PUT CALL + SHARES Healthcare	Added	1,499,107	+772,107	$36,098,496	+76.8%	0.73%
AVGO	Broadcom Inc. PUT CALL + SHARES Technology	Added	91,509	+8,176	$34,567,524	+34.0%	0.70%
T	At&T Inc. PUT CALL Communication Services	Added	1,640,700	+1,605,900	$33,962,490	+3266.4%	0.69%
DELL	Dell Technologies Inc. PUT CALL + SHARES Technology	Reduced	78,694	-92,212	$33,953,313	+21.0%	0.69%
CAT	Caterpillar Inc PUT CALL Industrials	Added	30,700	+17,600	$32,692,430	+252.3%	0.66%
CRM	Salesforce, Inc. PUT CALL + SHARES Technology	Added	198,895	+176,495	$31,158,890	+645.2%	0.63%
MO	Altria Group, Inc. PUT CALL + SHARES Consumer Defensive	Added	428,630	+164,030	$30,839,928	+76.6%	0.63%
META	Meta Platforms, Inc. PUT CALL + SHARES Communication Services	Added	50,591	+9,318	$28,497,404	+20.7%	0.58%
UPS	United Parcel Service Inc PUT CALL Industrials	Added	263,600	+179,656	$28,337,000	+243.1%	0.58%
BA	Boeing Co PUT CALL + SHARES Industrials	Added	130,642	+100,842	$28,280,073	+376.8%	0.57%
KR	Kroger Co PUT CALL + SHARES Consumer Defensive	Added	502,841	+220,096	$27,922,760	+36.5%	0.57%
NEM	NEWMONT Corp /DE/ PUT CALL + SHARES Basic Materials	Added	293,912	+286,212	$27,451,380	+3193.4%	0.56%
CVS	CVS HEALTH Corp PUT CALL Healthcare	Added	264,800	+75,600	$27,393,560	+101.6%	0.56%
TSLA	Tesla, Inc. PUT CALL + SHARES Consumer Cyclical	Added	65,113	+2,696	$27,386,527	+18.0%	0.56%
BMO	Bank Of Montreal /Can/ PUT CALL Financial Services	Reduced	151,600	-41,197	$26,787,720	+2.7%	0.54%
BTI	British American Tobacco p.l.c. PUT CALL + SHARES Consumer Defensive	Added	424,073	+295,473	$26,190,748	+248.3%	0.53%
NVDA	Nvidia Corp PUT + SHARES Technology	Reduced	127,630	-162,674	$25,537,486	−49.6%	0.52%
BRK-B	Berkshire Hathaway Inc PUT CALL Financial Services	Reduced	50,300	-38,780	$25,169,617	−41.0%	0.51%
GWW	W.W. Grainger, Inc. PUT CALL Industrials	Reduced	18,100	-8,100	$24,623,240	−13.8%	0.50%
RSG	Republic Services, Inc. PUT CALL + SHARES Industrials	Added	113,922	+113,701	$24,274,499	+50050.8%	0.49%
VRT	Vertiv Holdings Co PUT CALL + SHARES Industrials	Added	70,110	+24,410	$23,474,230	+105.0%	0.48%
BMY	Bristol Myers Squibb Co PUT CALL Healthcare	Reduced	398,000	-259,400	$22,932,760	−42.5%	0.47%
CRWD	CrowdStrike Holdings, Inc. PUT CALL Technology	Reduced	30,000	-40,959	$22,894,200	−17.4%	0.46%
CEG	Constellation Energy Corp PUT CALL + SHARES Utilities	Added	86,732	+46,932	$21,541,626	+93.8%	0.44%
TXN	Texas Instruments Inc PUT CALL + SHARES Technology	Added	71,922	+52,822	$21,437,790	+478.1%	0.44%
TM	Toyota Motor Corp/ PUT + SHARES Consumer Cyclical	Added	125,379	+57,940	$21,116,331	+51.9%	0.43%
CCL	Carnival Corp Ltd. PUT CALL Consumer Cyclical	Added	738,900	+644,300	$21,110,373	+762.3%	0.43%
INTU	Intuit Inc. PUT CALL + SHARES Technology	Added	80,251	+58,597	$20,945,511	+123.7%	0.43%
DIA	Spdr Dow Jones Industrial Average ETF Trust PUT CALL + SHARES	NEW	39,853	NEW	$20,818,808	NEW	0.42%
CMG	Chipotle Mexican Grill Inc PUT CALL + SHARES Consumer Cyclical	Added	604,412	+293,225	$20,550,008	+106.3%	0.42%
XOM	ExxonMobil Holdings Corp PUT CALL Energy	Added	148,800	+10,500	$20,343,936	−13.3%	0.41%
PLTR	Palantir Technologies Inc. PUT CALL + SHARES Technology	Added	173,526	+47,376	$20,245,278	+9.7%	0.41%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.