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Twin Tree Management, LP

Q4 2025 · Filed 2026-02-11
Market Value
$951M
-55.3%
Holdings
523
-54
New Purchases
141
Added To
66
Closed
183
Reduced
133
Top 10 Concentration
23.8%
Turnover
62.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
TER 3.03% 0.77% +2.26% $29M
BMY 2.02% 0.00% +2.02% $19M
JNJ 1.91% 0.00% +1.91% $18M
COIN 3.02% 1.16% +1.86% $29M
SQ 2.25% 0.55% +1.70% $21M
NKE 2.76% 1.19% +1.57% $26M
SLV 2.06% 0.58% +1.47% $20M
ACN 1.40% 0.00% +1.40% $13M
PAAS 1.53% 0.32% +1.21% $15M
GLW 2.81% 1.72% +1.09% $27M
B 1.92% 0.84% +1.08% $18M
TXN 1.16% 0.12% +1.04% $11M
PINS 1.08% 0.04% +1.04% $10M
CNQ 1.07% 0.03% +1.03% $10M
AMD 1.01% 0.00% +1.01% $10M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
XBI 0.05% 3.14% -3.09% $453K
GDXJ 0.00% 2.28% -2.28% $0
STX 0.00% 1.90% -1.90% $0
SOFI 0.24% 1.66% -1.42% $2M
SMH 0.02% 1.38% -1.36% $194K
TMO 0.00% 1.34% -1.34% $0
AEM 0.29% 1.61% -1.31% $3M
XLK 0.00% 1.24% -1.24% $0
RY 0.00% 1.23% -1.23% $0
SPY 1.59% 2.76% -1.17% $15M
XLF 0.00% 1.15% -1.15% $0
APH 0.00% 1.11% -1.11% $0
CVS 0.00% 0.97% -0.97% $0
GOOGL 0.00% 0.96% -0.96% $0
GLD 0.23% 1.16% -0.93% $2M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 42 $153M 16.1%
Large Cap 348 $685M 72.1%
Mid Cap 128 $112M 11.8%
Small Cap 5 $703K 0.1%

Portfolio Analytics

Avg Market Cap
$101.9B
Median Market Cap
$22.4B
Avg P/E
40.5
Median P/E
25.8
Avg Dividend Yield
0.01%
Avg Beta
1.21
# Stocks
495
# ETFs / Funds
28

Top Holdings (523 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 TER 3.03% 148,774 $29M $193.56 $12M +29,726 +25.0%
2 COIN 3.02% 126,980 $29M $226.14 $4M +53,885 +73.7%
3 GLW 2.81% 304,861 $27M $87.56 -$10M -141,193 -31.6%
4 NKE 2.76% 412,127 $26M $63.71 $931K +48,932 +13.5%
5 SQ 2.25% 329,101 $21M $65.09 $10M +165,832 +101.6%
6 SLV 2.06% 303,559 $20M $64.42 $7M +9,968 +3.4%
7 BMY 2.02% 356,621 $19M $53.94 +356,621 NEW
8 IGV 2.02% 181,353 $19M $105.69 -$24M -190,142 -51.2%
9 B 1.92% 419,965 $18M $43.55 $325K -128,249 -23.4%
10 JNJ 1.91% 87,808 $18M $206.95 +87,808 NEW
11 LMT 1.86% 36,603 $18M $483.67 -$639K -140 -0.4%
12 KLAC 1.69% 13,256 $16M $1,215.08 -$9M -10,481 -44.1%
13 ARM 1.62% 141,079 $15M $109.31 -$269K +30,185 +27.2%
14 SPY 1.59% 22,188 $15M $681.92 -$44M -65,912 -74.8%
15 PAAS 1.53% 280,215 $15M $51.81 $8M +106,335 +61.1%
16 CIEN 1.51% 61,185 $14M $233.87 -$5M -70,321 -53.5%
17 ACN 1.40% 49,629 $13M $268.30 +49,629 NEW
18 NEM 1.33% 126,552 $13M $99.85 -$1M -40,506 -24.2%
19 MS 1.30% 69,387 $12M $177.53 -$17M -112,759 -61.9%
20 WDC 1.29% 70,982 $12M $172.27 -$8M -96,220 -57.5%
21 KGC 1.16% 391,868 $11M $28.16 -$9M -395,149 -50.2%
22 TXN 1.16% 63,540 $11M $173.49 $8M +49,663 +357.9%
23 PINS 1.08% 396,622 $10M $25.89 $9M +367,273 +1251.4%
24 CNQ 1.07% 299,388 $10M $33.85 $9M +276,401 +1202.4%
25 AMD 1.01% 44,727 $10M $214.16 +44,727 NEW
26 RACE 1.00% 25,653 $9M $369.56 $4M +13,379 +109.0%
27 CCJ 0.96% 99,627 $9M $91.49 $4M +44,246 +79.9%
28 DELL 0.91% 69,055 $9M $125.88 +69,055 NEW
29 SMCI 0.91% 295,303 $9M $29.27 $27K +115,571 +64.3%
30 SOXX 0.84% 26,448 $8M $301.15 -$17M -65,762 -71.3%
31 MU 0.80% 26,694 $8M $285.41 $5M +8,497 +46.7%
32 DOCS 0.80% 171,464 $8M $44.28 $5M +137,009 +397.6%
33 SAP 0.76% 29,894 $7M $242.91 $626K +5,061 +20.4%
34 AXON 0.71% 11,816 $7M $567.93 +11,816 NEW
35 GS 0.68% 7,347 $6M $879.00 -$16M -21,382 -74.4%
36 EPAM 0.68% 31,344 $6M $204.88 $5M +19,063 +155.2%
37 ON 0.65% 113,771 $6M $54.15 $3M +54,582 +92.2%
38 CAR 0.65% 47,907 $6M $128.32 $3M +26,774 +126.7%
39 ELF 0.64% 80,372 $6M $76.04 $3M +53,251 +196.3%
40 HL 0.63% 309,919 $6M $19.19 $5M +212,135 +216.9%
41 ASML 0.62% 5,489 $6M $1,069.86 +5,489 NEW
42 BCE 0.60% 239,637 $6M $23.82 $753K +27,801 +13.1%
43 FND 0.58% 90,810 $6M $60.89 $164K +18,013 +24.7%
44 VFC 0.58% 305,740 $6M $18.08 $3M +138,172 +82.5%
45 KDP 0.57% 193,144 $5M $28.01 $1M +21,945 +12.8%
46 SLB 0.57% 140,839 $5M $38.38 -$3M -107,112 -43.2%
47 ALAB 0.57% 32,398 $5M $166.36 +32,398 NEW
48 VEEV 0.57% 24,104 $5M $223.23 +24,104 NEW
49 RCI 0.55% 139,315 $5M $37.73 $3M +67,233 +93.3%
50 TPR 0.55% 41,119 $5M $127.77 $2M +10,377 +33.8%
51 OKTA 0.55% 60,301 $5M $86.47 -$5M -54,025 -47.3%
52 OR 0.55% 147,093 $5M $35.39 -$4M -88,882 -37.7%
53 EWZ 0.54% 161,730 $5M $31.77 -$9M -289,167 -64.1%
54 PODD 0.52% 17,560 $5M $284.24 $2M +8,113 +85.9%
55 KRE 0.51% 74,812 $5M $64.81 -$408K -8,231 -9.9%
56 SBUX 0.49% 55,603 $5M $84.21 -$2M -28,923 -34.2%
57 AMKR 0.49% 117,361 $5M $39.48 $2M +34,475 +41.6%
58 ONON 0.48% 97,542 $5M $46.48 +97,542 NEW
59 PATH 0.47% 269,754 $4M $16.39 $2M +107,594 +66.3%
60 GM 0.46% 54,339 $4M $81.32 -$4M -77,839 -58.9%
61 AGI 0.46% 113,746 $4M $38.58 $3M +82,991 +269.9%
62 CRM 0.44% 15,943 $4M $264.91 -$1M -7,040 -30.6%
63 MCD 0.44% 13,720 $4M $305.63 +13,720 NEW
64 DECK 0.44% 40,359 $4M $103.67 -$3M -32,189 -44.4%
65 RIVN 0.42% 200,406 $4M $19.71 $2M +90,141 +81.8%
66 GFI 0.41% 90,288 $4M $43.66 -$10M -235,390 -72.3%
67 ILMN 0.41% 29,650 $4M $131.16 +29,650 NEW
68 FLEX 0.41% 64,159 $4M $60.42 $2M +29,870 +87.1%
69 QQQ 0.41% 6,305 $4M $614.31 +6,305 NEW
70 ETN 0.40% 11,913 $4M $318.51 +11,913 NEW
71 CRWD 0.40% 8,030 $4M $468.76 +8,030 NEW
72 SEZL 0.39% 57,673 $4M $63.48 -$264K +8,320 +16.9%
73 PANW 0.38% 19,845 $4M $184.20 +19,845 NEW
74 MDB 0.38% 8,698 $4M $419.69 -$5M -18,376 -67.9%
75 CEG 0.37% 10,076 $4M $353.27 $81K -495 -4.7%
76 KVUE 0.36% 200,608 $3M $17.25 -$5M -294,628 -59.5%
77 AFRM 0.35% 45,143 $3M $74.43 -$4M -57,334 -56.0%
78 GEN 0.35% 121,512 $3M $27.19 $2M +76,889 +172.3%
79 TD 0.35% 34,916 $3M $94.20 +34,916 NEW
80 FHN 0.34% 136,484 $3M $23.90 -$245K -18,616 -12.0%
81 MRVL 0.34% 38,084 $3M $84.98 -$9M -109,610 -74.2%
82 CSCO 0.33% 40,730 $3M $77.03 -$189K -7,888 -16.2%
83 U 0.32% 68,748 $3M $44.17 -$3M -74,138 -51.9%
84 LITE 0.32% 8,227 $3M $368.59 -$5M -38,542 -82.4%
85 SN 0.32% 27,034 $3M $111.90 -$586K -7,971 -22.8%
86 PYPL 0.31% 51,086 $3M $58.38 +51,086 NEW
87 KNSL 0.31% 7,565 $3M $391.12 $2M +5,348 +241.2%
88 JOBY 0.31% 223,442 $3M $13.20 $287K +58,502 +35.5%
89 CSL 0.30% 9,056 $3M $319.86 $2M +5,452 +151.3%
90 CF 0.30% 36,739 $3M $77.34 +36,739 NEW
91 AEM 0.29% 16,540 $3M $169.53 -$31M -186,613 -91.9%
92 APP 0.29% 4,120 $3M $673.82 +4,120 NEW
93 LKQ 0.29% 90,662 $3M $30.20 -$2M -79,133 -46.6%
94 IBM 0.29% 9,185 $3M $296.21 -$11M -40,202 -81.4%
95 ALB 0.28% 19,006 $3M $141.44 -$2M -38,532 -67.0%
96 ACHR 0.28% 355,751 $3M $7.52 -$4M -349,938 -49.6%
97 AZO 0.28% 785 $3M $3,391.50 +785 NEW
98 GDX 0.28% 31,039 $3M $85.77 +31,039 NEW
99 TMUS 0.28% 12,922 $3M $203.04 -$9M -34,882 -73.0%
100 IONS 0.27% 32,476 $3M $79.11 $700K +3,901 +13.7%

Options Breakdown

655 Calls $5.0B Call Value 575 Puts $5.4B Put Value 1.08 P/C Ratio

Top Calls

SymbolSharesValueStatus
SPY 742,200 $506M
AMGN 305,700 $100M
GOOGL 272,700 $85M
UPS 815,600 $81M
GDX 925,200 $79M
JPM 241,000 $78M
CSCO 828,000 $64M
GS 69,600 $61M
O 1,013,600 $57M
AAPL 206,700 $56M

Top Puts

SymbolSharesValueStatus
GLD 1,718,200 $681M
SPY 453,000 $309M
IAU 2,385,500 $194M
MU 453,100 $129M
AMAT 303,700 $78M
JPM 202,200 $65M
TSLA 137,500 $62M
AMD 270,800 $58M
SOXX 183,800 $55M
TER 267,200 $52M

New Positions

SymbolValue% Port
BMY $19M 2.02%
JNJ $18M 1.91%
ACN $13M 1.40%
AMD $10M 1.01%
DELL $9M 0.91%
AXON $7M 0.71%
ASML $6M 0.62%
ALAB $5M 0.57%
VEEV $5M 0.57%
ONON $5M 0.48%
MCD $4M 0.44%
ILMN $4M 0.41%
QQQ $4M 0.41%
ETN $4M 0.40%
CRWD $4M 0.40%

Sold Out Positions

SymbolValue% Port
NFG —%
ARES —%
FDX —%
OC —%
CDE —%
UBER —%
HMC —%
CVS —%
GWRE —%
AGCO —%
RYAN —%
NEE —%
HWM —%
NTR —%
IQV —%
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