Twin Tree Management, LP

CIK

1535588

Location

DALLAS, TX

Portfolio Value

Mid $4,459,568,067

Diversification

Diversified

Filing Date

Global Rank

#726 / 8,605 ▼ 316 · as of Mar 2026

Top Industry

Semiconductors 7.0%

3Y Alpha vs SPY

+6.4%

Period ended 3 months ago

Filed May 14, 2026 · 56d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+105.6%

SPY

+76.0%

Annualised alpha

+6.4%

Max drawdown

−22.7%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

618 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

12.4%

+4.7 pts

Top 5

24.9%

+5.6 pts

Top 10

30.7%

+6.2 pts

HHI

235

Diversified+94

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	24.2%	$1,078,082,365	5
Technology	22.4%	$1,000,748,601	129
Industrials	9.4%	$417,272,485	102
Consumer Cyclical	9.2%	$410,011,396	77
Financial Services	7.7%	$344,984,539	69
Healthcare	7.6%	$337,140,536	65
Consumer Defensive	6.1%	$270,956,066	35
Basic Materials	3.5%	$158,017,660	38
Energy	3.2%	$141,258,095	33
Communication Services	2.8%	$123,843,206	21
Real Estate	2.3%	$101,197,734	21
Utilities	1.7%	$76,055,384	23

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
F	Ford Motor Co	+940,200	1,308,600	$15,101,244
SLV	iShares Silver Trust	+509,299	1,161,758	$79,162,190
QQQ	Invesco Qqq Trust, Series 1	+438,895	493,000	$284,549,740
KR	Kroger Co	+234,945	282,745	$20,459,428
CMG	Chipotle Mexican Grill Inc	+216,564	311,187	$9,961,095
CCI	Crown Castle Inc.	+189,100	195,900	$15,928,629
RIOT	Riot Platforms, Inc.	+183,808	307,419	$3,799,698
WPC	W. P. Carey Inc.	+178,000	228,900	$15,556,044
NVDA	Nvidia Corp	+153,601	290,304	$50,629,017
PHG	Koninklijke Philips NV	+144,800	144,900	$3,970,260
REXR	Rexford Industrial Realty, Inc.	+126,876	188,076	$6,155,727
EGO	Eldorado Gold Corp /Fi	+124,641	133,441	$4,581,029
USB	US Bancorp De	+124,200	127,200	$6,615,672
CELH	Celsius Holdings, Inc.	+113,364	186,707	$6,624,364
MO	Altria Group, Inc.	+113,000	264,600	$17,460,954
SOLV	Solventum Corp	+104,304	189,204	$12,355,021
MSFT	Microsoft Corp	+104,293	131,093	$48,526,695
PG	PROCTER & GAMBLE Co	+97,800	134,400	$19,412,736
LNC	Lincoln National Corp	+91,400	213,700	$7,586,350
EXR	Extra Space Storage Inc.	+89,209	112,509	$14,753,305
OMC	Omnicom Group Inc.	+88,856	117,200	$8,826,332
GIS	General Mills Inc	+84,382	283,282	$10,543,756
MMM	3M Co	+81,940	99,300	$14,421,339
LULU	lululemon athletica inc.	+81,640	134,365	$20,571,281
ANET	Arista Networks, Inc.	+79,939	148,139	$18,188,506
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
IAU	Ishares Gold Trust	−2,024,932	660,568	$58,235,674
PFE	Pfizer Inc	−1,698,100	727,000	$20,414,160
T	At&T Inc.	−1,625,800	34,800	$1,008,852
GLD	Spdr Gold Trust	−1,558,114	240,177	$103,345,761
HPQ	Hp Inc	−1,315,000	62,600	$1,202,546
NKE	NIKE, Inc.	−1,288,660	353,367	$18,664,844
B	Barrick Mining Corp	−1,278,515	4,450	$181,515
GLW	Corning Inc /Ny	−985,450	77,911	$10,593,558
PAAS	Pan American Silver Corp	−959,080	32,835	$1,793,776
KGC	Kinross Gold Corp	−921,568	266,600	$8,136,632
PINS	Pinterest, Inc.	−860,422	185,400	$3,400,236
FCX	Freeport-Mcmoran Inc	−858,831	110,169	$6,475,733
O	Realty Income Corp	−838,400	175,200	$10,718,736
AAL	American Airlines Group Inc.	−823,547	167,153	$1,795,223
VFC	V F Corp	−789,925	308,315	$5,238,271
UPS	United Parcel Service Inc	−756,256	83,944	$8,258,410
PATH	UiPath, Inc.	−750,879	81,275	$902,152
XYZ	Block, Inc.	−741,152	140,549	$8,458,238
CVS	CVS HEALTH Corp	−694,400	189,200	$13,588,344
NEE	Nextera Energy Inc	−659,445	37,955	$3,525,260
CNQ	CANADIAN NATURAL RESOURCES Ltd	−587,288	288,700	$14,068,351
LVS	Las Vegas Sands Corp	−584,428	63,572	$3,425,259
RIVN	Rivian Automotive, Inc. / DE	−583,202	311,304	$4,685,125
SOFI	SoFi Technologies, Inc.	−534,688	41,700	$662,196
HL	Hecla Mining Co/De/	−526,853	64,166	$1,195,412
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
WCN	Waste Connections, Inc.	103,141	$16,754,224
FERG	Ferguson Enterprises Inc. /DE/	63,548	$14,823,206
NDAQ	Nasdaq, Inc.	161,331	$13,695,388
CPAY	Corpay, Inc.	38,817	$11,295,358
TSN	Tyson Foods, Inc.	156,200	$10,007,734
KEYS	Keysight Technologies, Inc.	34,802	$9,827,040
BNTX	BioNTech SE	108,493	$9,642,857
ECL	Ecolab Inc.	31,073	$8,266,039
VMC	Vulcan Materials CO	27,414	$7,464,832
EVR	Evercore Inc.	24,535	$7,323,942
SNDK	Sandisk Corp	11,090	$7,045,920
CRH	Crh Public Ltd Co	62,942	$6,616,463
STE	STERIS plc	28,900	$6,390,657
EXP	Eagle Materials Inc	32,206	$6,101,426
HALO	Halozyme Therapeutics, Inc.	92,648	$5,987,840
SOBO	South Bow Corp	170,800	$5,691,056
VG	Venture Global, Inc.	358,000	$5,642,080
EMR	Emerson Electric Co	41,632	$5,454,624
MCO	Moodys Corp /De/	11,900	$5,191,375
EME	EMCOR Group, Inc.	6,700	$4,946,677
BLD	QXO Insulation, LLC	13,579	$4,770,302
TJX	Tjx Companies Inc /De/	29,767	$4,753,789
GEHC	GE HealthCare Technologies Inc.	61,800	$4,398,924
MHK	Mohawk Industries Inc	41,118	$4,048,478
BCO	Brinks Co	37,500	$3,886,125
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
LRCX	Lam Research Corp	423,800	$72,546,084
BX	Blackstone Inc.	311,100	$47,952,954
PANW	Palo Alto Networks Inc	248,145	$45,708,309
ROKU	Roku, Inc	334,900	$36,333,301
IBKR	Interactive Brokers Group, Inc.	492,981	$31,703,608
ROST	Ross Stores, Inc.	172,800	$31,128,192
APP	AppLovin Corp	46,120	$31,076,578
KKR	KKR & Co. Inc.	242,500	$30,913,900
ELV	Elevance Health, Inc.	81,465	$28,557,555
DIA	Spdr Dow Jones Industrial Average ETF Trust	55,600	$26,719,692
DUK	Duke Energy CORP	194,100	$22,750,461
MTD	Mettler Toledo International Inc/	14,300	$19,936,915
DOCS	Doximity, Inc.	447,664	$19,822,561
BURL	Burlington Stores, Inc.	63,000	$18,197,550
PGR	Progressive Corp/Oh/	79,557	$18,116,720
BAC	Bank Of America Corp /De/	323,100	$17,770,500
HUM	Humana Inc	68,071	$17,435,025
KMB	Kimberly Clark Corp	171,400	$17,292,546
MS	Morgan Stanley	96,687	$17,164,843
PODD	Insulet Corp	55,860	$15,877,646
AEP	American Electric Power Co Inc	124,523	$14,358,747
FTNT	Fortinet, Inc.	178,500	$14,174,685
QCOM	Qualcomm Inc/De	81,400	$13,923,470
HD	Home Depot, Inc.	39,600	$13,626,360
CAR	Avis Budget Group, Inc.	103,907	$13,333,346
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

618 positions · $4,459,568,067 total · as of Mar 31, 2026

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

Showing 1–50 of 618 positions by value · page 1 of 13

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
SPY	Spdr S&P 500 ETF Trust	Reduced	850,000	-367,388	$552,789,000	−33.4%	12.40%
QQQ	Invesco Qqq Trust, Series 1	Added	493,000	+438,895	$284,549,740	+756.1%	6.38%
GLD	Spdr Gold Trust	Reduced	240,177	-1,558,114	$103,345,761	−85.5%	2.32%
CSCO	Cisco Systems, Inc. Technology	Reduced	1,166,794	-33,836	$90,531,546	−2.1%	2.03%
SLV	iShares Silver Trust	Added	1,161,758	+509,299	$79,162,190	+88.3%	1.78%
IAU	Ishares Gold Trust	Reduced	660,568	-2,024,932	$58,235,674	−73.3%	1.31%
AMZN	Amazon Com Inc Consumer Cyclical	Added	246,400	+29,314	$51,317,728	+2.4%	1.15%
NVDA	Nvidia Corp Technology	Added	290,304	+153,601	$50,629,017	+98.6%	1.14%
MSFT	Microsoft Corp Technology	Added	131,093	+104,293	$48,526,695	+274.4%	1.09%
AAPL	Apple Inc. Technology	Reduced	190,600	-185,400	$48,372,374	−52.7%	1.08%
GEV	GE Vernova Inc. Industrials	Reduced	53,600	-11,462	$46,787,440	+10.0%	1.05%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	89,080	-66,320	$42,687,136	−45.4%	0.96%
ORCL	Oracle Corp Technology	Added	271,305	+26,287	$39,911,678	−16.4%	0.89%
BMY	Bristol Myers Squibb Co Healthcare	Reduced	657,400	-395,621	$39,871,310	−29.8%	0.89%
ARM	Arm Holdings PLC /Uk Technology	Reduced	227,659	-288,720	$34,440,253	−39.0%	0.77%
MU	Micron Technology Inc Technology	Reduced	91,867	-500,027	$31,036,347	−81.6%	0.70%
GWW	W.W. Grainger, Inc. Industrials	Reduced	26,200	-2,400	$28,579,224	−1.0%	0.64%
DELL	Dell Technologies Inc. Technology	Reduced	170,906	-227,749	$28,050,801	−44.1%	0.63%
ASML	Asml Holding NV Technology	Reduced	20,696	-21,793	$27,335,897	−39.9%	0.61%
TER	Teradyne, Inc Technology	Reduced	89,839	-341,335	$26,633,669	−68.1%	0.60%
BMO	Bank Of Montreal /Can/ Financial Services	Added	192,797	+43,397	$26,093,145	+34.6%	0.59%
AVGO	Broadcom Inc. Technology	Reduced	83,333	-129,867	$25,792,396	−65.0%	0.58%
WMT	Walmart Inc. Consumer Defensive	Reduced	205,800	-43,900	$25,576,824	−8.1%	0.57%
TD	Toronto Dominion Bank Financial Services	Added	273,368	+3,852	$25,507,968	+0.5%	0.57%
MCK	Mckesson Corp Healthcare	Added	28,828	+25,328	$24,946,598	+768.9%	0.56%
MRVL	Marvell Technology, Inc. Technology	Reduced	242,309	-332,375	$24,000,706	−50.9%	0.54%
META	Meta Platforms, Inc. Communication Services	Reduced	41,273	-8,576	$23,613,521	−28.2%	0.53%
NOW	ServiceNow, Inc. Technology	Reduced	225,199	-27,749	$23,544,555	−39.2%	0.53%
XOM	ExxonMobil Holdings Corp Energy	Reduced	138,300	-157,300	$23,463,978	−34.0%	0.53%
TSLA	Tesla, Inc. Consumer Cyclical	Reduced	62,417	-187,283	$23,203,519	−79.3%	0.52%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	23,083	+19,583	$23,000,593	+662.1%	0.52%
GS	Goldman Sachs Group Inc Financial Services	Reduced	26,100	-79,547	$22,080,339	−76.2%	0.50%
IBM	International Business Machines Corp Technology	Reduced	89,938	-58,647	$21,800,071	−50.5%	0.49%
MCD	Mcdonalds Corp Consumer Cyclical	Reduced	69,500	-138,620	$21,599,905	−66.0%	0.48%
VRTX	Vertex Pharmaceuticals Inc / Ma Healthcare	Added	46,569	+5,769	$20,794,921	+12.4%	0.47%
LULU	lululemon athletica inc. Consumer Cyclical	Added	134,365	+81,640	$20,571,281	+87.7%	0.46%
KR	Kroger Co Consumer Defensive	Added	282,745	+234,945	$20,459,428	+585.1%	0.46%
PFE	Pfizer Inc Healthcare	Reduced	727,000	-1,698,100	$20,414,160	−66.2%	0.46%
NFLX	Netflix Inc Communication Services	Reduced	211,257	-81,959	$20,312,360	−26.1%	0.46%
MKL	Markel Group Inc. Financial Services	Reduced	10,600	-6,400	$20,289,140	−44.5%	0.45%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	134,400	+97,800	$19,412,736	+270.1%	0.44%
NKE	NIKE, Inc. Consumer Cyclical	Reduced	353,367	-1,288,660	$18,664,844	−82.2%	0.42%
PLTR	Palantir Technologies Inc. Technology	Reduced	126,150	-46,450	$18,453,222	−39.9%	0.41%
V	Visa Inc. Financial Services	Reduced	60,852	-2,248	$18,391,908	−16.9%	0.41%
ANET	Arista Networks, Inc. Technology	Added	148,139	+79,939	$18,188,506	+103.5%	0.41%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	108,800	-71,800	$17,988,992	−37.9%	0.40%
PSA	Public Storage Real Estate	Added	65,500	+10,000	$17,742,640	+23.2%	0.40%
MO	Altria Group, Inc. Consumer Defensive	Added	264,600	+113,000	$17,460,954	+99.8%	0.39%
DLTR	Dollar Tree, Inc. Consumer Defensive	Added	154,922	+42,622	$16,965,508	+22.8%	0.38%
WCN	Waste Connections, Inc. Industrials	NEW	103,141	NEW	$16,754,224	NEW	0.38%