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Twin Tree Management, LP

Q2 2025 · Filed 2025-07-28
Market Value
$3.9B
-11.8%
Holdings
670
-52
New Purchases
139
Added To
129
Closed
240
Reduced
162
Top 10 Concentration
17.2%
Turnover
56.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IGV 2.52% 0.09% +2.43% $100M
XLK 1.97% 0.00% +1.97% $78M
VOO 1.86% 0.00% +1.86% $73M
SMH 2.02% 0.42% +1.60% $80M
APH 1.39% 0.06% +1.33% $55M
PWR 1.73% 0.42% +1.31% $68M
VST 1.11% 0.07% +1.04% $44M
RCL 1.27% 0.27% +1.00% $50M
LULU 1.24% 0.27% +0.97% $49M
CCJ 0.92% 0.00% +0.92% $36M
HPE 1.18% 0.27% +0.91% $46M
QQQ 0.88% 0.00% +0.88% $35M
GS 1.10% 0.23% +0.87% $44M
HWM 1.55% 0.72% +0.83% $61M
ROST 0.77% 0.00% +0.77% $30M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
GOOGL 0.00% 2.89% -2.89% $0
AVGO 0.00% 1.67% -1.67% $0
ORCL 0.00% 1.63% -1.63% $0
AMZN 0.00% 1.42% -1.42% $0
IWM 0.00% 1.41% -1.41% $0
BP 0.06% 1.43% -1.38% $2M
DECK 0.19% 1.42% -1.24% $7M
MU 0.10% 1.28% -1.18% $4M
SQ 0.09% 1.10% -1.01% $4M
AMD 0.00% 0.92% -0.92% $0
GWW 0.13% 0.95% -0.82% $5M
TSLA 1.03% 1.83% -0.81% $40M
COIN 0.00% 0.81% -0.81% $0
DELL 0.00% 0.77% -0.77% $0
ADBE 0.59% 1.33% -0.74% $23M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 47 $573M 14.5%
Large Cap 445 $2.9B 74.4%
Mid Cap 162 $404M 10.2%
Small Cap 14 $35M 0.9%
Micro Cap 2 $0 0.0%

Portfolio Analytics

Avg Market Cap
$92.3B
Median Market Cap
$22.5B
Avg P/E
37.8
Median P/E
25.7
Avg Dividend Yield
0.01%
Avg Beta
1.12
# Stocks
626
# ETFs / Funds
44

Top Holdings (670 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IGV 2.52% 909,662 $100M $109.50 $95M +862,487 +1828.3%
2 SMH 2.02% 286,282 $80M $278.88 $61M +197,913 +224.0%
3 XLK 1.97% 306,934 $78M $253.23 +306,934 NEW
4 VOO 1.86% 129,245 $73M $568.03 +129,245 NEW
5 PWR 1.73% 181,177 $68M $378.08 $50M +106,578 +142.9%
6 SOXX 1.61% 266,911 $64M $238.70 $22M +44,382 +19.9%
7 HWM 1.55% 329,330 $61M $186.13 $29M +80,134 +32.2%
8 APH 1.39% 555,966 $55M $98.75 $52M +511,680 +1155.4%
9 RCL 1.27% 160,616 $50M $313.14 $38M +100,835 +168.7%
10 LULU 1.24% 206,721 $49M $237.58 $37M +163,861 +382.3%
11 HPE 1.18% 2,272,508 $46M $20.45 $34M +1,487,240 +189.4%
12 VST 1.11% 225,909 $44M $193.81 $41M +200,685 +795.6%
13 GS 1.10% 61,464 $44M $707.75 $33M +42,679 +227.2%
14 CDNS 1.08% 138,795 $43M $308.15 $10M +11,569 +9.1%
15 AEM 1.08% 359,267 $43M $118.93 -$14M -162,380 -31.1%
16 TSLA 1.03% 127,471 $40M $317.66 -$42M -189,465 -59.8%
17 ASML 0.94% 46,409 $37M $801.39 $14M +11,372 +32.5%
18 CCJ 0.92% 489,033 $36M $74.23 +489,033 NEW
19 NKE 0.91% 505,825 $36M $71.04 -$10M -218,784 -30.2%
20 QQQ 0.88% 62,738 $35M $551.64 +62,738 NEW
21 ARM 0.85% 207,424 $34M $161.74 -$25M -341,544 -62.2%
22 CM 0.81% 452,159 $32M $70.83 $22M +266,110 +143.0%
23 CNI 0.80% 305,465 $32M $104.04 $26M +243,546 +393.3%
24 ARES 0.78% 178,254 $31M $173.20 $22M +115,139 +182.4%
25 PM 0.78% 168,864 $31M $182.13 $28M +149,958 +793.2%
26 TPR 0.77% 347,622 $31M $87.81 $18M +167,952 +93.5%
27 XBI 0.77% 367,705 $30M $82.93 $4M +41,909 +12.9%
28 ROST 0.77% 237,933 $30M $127.58 +237,933 NEW
29 WPM 0.76% 336,323 $30M $89.80 $4M +4,544 +1.4%
30 TTD 0.74% 407,500 $29M $71.99 $23M +284,462 +231.2%
31 GE 0.74% 113,413 $29M $257.39 $24M +88,815 +361.1%
32 TTWO 0.72% 116,778 $28M $242.85 $9M +23,289 +24.9%
33 BRK-B 0.71% 57,454 $28M $485.77 +57,454 NEW
34 ETN 0.70% 77,598 $28M $356.99 -$35M -151,893 -66.2%
35 SOFI 0.69% 1,500,633 $27M $18.21 $15M +470,051 +45.6%
36 AMAT 0.68% 147,053 $27M $183.07 -$30M -245,365 -62.5%
37 XRT 0.67% 342,861 $26M $77.06 $8M +69,430 +25.4%
38 MRVL 0.67% 340,569 $26M $77.40 -$33M -622,160 -64.6%
39 ADI 0.66% 109,985 $26M $238.02 $10M +28,644 +35.2%
40 LDOS 0.66% 165,026 $26M $157.76 $13M +69,101 +72.0%
41 CCL 0.64% 894,285 $25M $28.12 $4M -196,411 -18.0%
42 ANET 0.63% 241,901 $25M $102.31 $4M -29,981 -11.0%
43 TSM 0.62% 108,686 $25M $226.49 $22M +91,602 +536.2%
44 RY 0.62% 184,683 $24M $131.55 $11M +67,181 +57.2%
45 LLY 0.61% 30,807 $24M $779.53 $24M +30,240 +5333.3%
46 KRE 0.59% 394,582 $23M $59.39 $20M +325,644 +472.4%
47 ADBE 0.59% 60,516 $23M $386.88 -$36M -95,302 -61.2%
48 EVR 0.59% 86,524 $23M $270.02 +86,524 NEW
49 HD 0.58% 62,808 $23M $366.64 +62,808 NEW
50 OXY 0.56% 530,305 $22M $42.01 $7M +226,652 +74.6%
51 OKTA 0.56% 220,944 $22M $99.97 -$10M -88,642 -28.6%
52 GDXJ 0.55% 322,475 $22M $67.59 $4M +6,841 +2.2%
53 CAH 0.55% 129,657 $22M $168.00 $8M +28,785 +28.5%
54 GM 0.54% 430,035 $21M $49.21 +430,035 NEW
55 OWL 0.53% 1,084,896 $21M $19.21 $20M +1,021,128 +1601.3%
56 CLS 0.52% 132,280 $21M $156.11 $16M +79,177 +149.1%
57 SNPS 0.51% 39,200 $20M $512.68 -$5M -18,336 -31.9%
58 MSTR 0.50% 49,011 $20M $404.23 -$8M -48,574 -49.8%
59 SNOW 0.50% 87,832 $20M $223.77 $2M -34,266 -28.1%
60 CHWY 0.50% 458,982 $20M $42.62 +458,982 NEW
61 ABNB 0.46% 135,795 $18M $132.34 -$3M -43,528 -24.3%
62 NTRS 0.45% 141,146 $18M $126.79 +141,146 NEW
63 EEM 0.45% 367,093 $18M $48.24 $17M +341,139 +1314.4%
64 FCX 0.44% 404,222 $18M $43.35 -$15M -467,734 -53.6%
65 COHR 0.44% 194,807 $17M $89.21 $2M -37,990 -16.3%
66 CME 0.44% 62,583 $17M $275.62 $1M +1,763 +2.9%
67 SHOP 0.44% 149,437 $17M $115.35 -$4M -75,757 -33.6%
68 TER 0.44% 191,510 $17M $89.92 -$4M -59,414 -23.7%
69 MO 0.44% 293,348 $17M $58.63 +293,348 NEW
70 GLW 0.43% 321,993 $17M $52.59 $10M +177,226 +122.4%
71 NVO 0.43% 245,148 $17M $69.02 -$3M -44,050 -15.2%
72 SAP 0.42% 54,920 $17M $304.10 $3M +3,288 +6.4%
73 WDAY 0.42% 69,349 $17M $240.00 +69,349 NEW
74 SPLG 0.41% 223,647 $16M $72.69 +223,647 NEW
75 CRS 0.41% 58,096 $16M $276.38 +58,096 NEW
76 TKO 0.41% 88,021 $16M $181.95 -$15M -116,915 -57.0%
77 WMB 0.40% 250,418 $16M $62.81 -$11M -195,875 -43.9%
78 XOP 0.39% 123,964 $16M $125.80 $13M +106,185 +597.2%
79 MS 0.39% 109,749 $15M $140.86 $15M +108,163 +6819.9%
80 BK 0.39% 169,583 $15M $91.11 $2M +6,642 +4.1%
81 FLR 0.39% 299,595 $15M $51.27 $12M +202,078 +207.2%
82 KEY 0.39% 874,207 $15M $17.42 +874,207 NEW
83 GLD 0.38% 49,662 $15M $304.83 $6M +16,779 +51.0%
84 KGC 0.38% 956,513 $15M $15.63 $14M +871,701 +1027.8%
85 SMCI 0.38% 303,409 $15M $49.01 $6M +30,999 +11.4%
86 INDA 0.37% 264,135 $15M $55.68 $14M +251,021 +1914.2%
87 FTNT 0.37% 138,467 $15M $105.72 $8M +69,603 +101.1%
88 CLX 0.36% 118,150 $14M $120.07 $13M +112,903 +2151.8%
89 EWY 0.36% 197,269 $14M $71.78 $13M +184,678 +1466.8%
90 ADSK 0.35% 45,027 $14M $309.57 $393K -6,713 -13.0%
91 CNM 0.35% 228,738 $14M $60.35 +228,738 NEW
92 AFRM 0.35% 198,443 $14M $69.14 -$8M -292,339 -59.6%
93 MRK 0.35% 172,940 $14M $79.16 +172,940 NEW
94 VWO 0.35% 276,131 $14M $49.46 $7M +133,205 +93.2%
95 CI 0.34% 41,208 $14M $330.58 $7M +21,753 +111.8%
96 CEG 0.34% 41,826 $13M $322.76 -$23M -141,324 -77.2%
97 CACI 0.34% 28,150 $13M $476.70 $10M +17,923 +175.2%
98 MAR 0.34% 48,418 $13M $273.21 +48,418 NEW
99 LRCX 0.33% 133,846 $13M $97.34 -$11M -193,841 -59.1%
100 EWZ 0.32% 440,928 $13M $28.85 $10M +321,431 +269.0%

Options Breakdown

704 Calls $25.5B Call Value 594 Puts $24.0B Put Value 0.94 P/C Ratio

Top Calls

SymbolSharesValueStatus
SPY 11,888,700 $7.3B
MSFT 1,083,700 $539M
AAPL 2,509,100 $515M
IWM 1,478,600 $319M
XLV 2,343,600 $316M
SMH 1,049,700 $293M
CCI 2,518,400 $259M
ORCL 1,128,400 $247M
PG 1,532,500 $244M
QQQ 431,400 $238M

Top Puts

SymbolSharesValueStatus
SPY 5,264,600 $3.3B
GLD 5,122,400 $1.6B
QQQ 1,570,400 $866M
VOO 1,110,300 $631M NEW
IWM 2,335,600 $504M
ORCL 1,865,300 $408M
IAU 6,441,700 $402M
GDX 6,046,900 $315M
MU 2,434,000 $300M
TSLA 901,500 $286M

New Positions

SymbolValue% Port
XLK $78M 1.97%
VOO $73M 1.86%
CCJ $36M 0.92%
QQQ $35M 0.88%
ROST $30M 0.77%
BRK-B $28M 0.71%
EVR $23M 0.59%
HD $23M 0.58%
GM $21M 0.54%
CHWY $20M 0.50%
NTRS $18M 0.45%
MO $17M 0.44%
WDAY $17M 0.42%
SPLG $16M 0.41%
CRS $16M 0.41%

Sold Out Positions

SymbolValue% Port
ESTC —%
T —%
EXR —%
EXPD —%
AMP —%
ACN —%
ACI —%
ARMK —%
BFAM —%
CVS —%
NOW —%
UI —%
UAA —%
BMY —%
FOUR —%
View SEC EDGAR Filings for Twin Tree Management, LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms