Twin Tree Management, LP
Follow13F filer, CIK 1535588, DALLAS, TX
Twin Tree Management, LP reported $24,044,708,334 across 1,413 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-13. Its ten largest share positions make up 19.68% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001535588-25-000009
- Period
- 2025-09-30
- Reported value
- $24B
- Holdings
- 1,413
- Top 10 weight
- 19.68%
- New
- 364
- Sold out
- 500
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| SPYnew | +88,100 | $58.7M |
| STXnew | +170,997 | $40.4M |
| XBIadded | +298,482 | $29.9M |
| KLACadded | +23,632 | $25.5M |
| COINnew | +73,095 | $24.7M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| VOOreduced | -122,239 | -$74.9M |
| PWRreduced | -179,806 | -$74.5M |
| SMHreduced | -196,070 | -$64M |
| IGVreduced | -538,167 | -$61.9M |
| XLKreduced | -213,142 | -$60.1M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Back to all 390 share positions
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| MGAMAGNA INTL INC Stock | call | 2,700 | $128K | -368,400 |
| UNMUNUM GROUP Stock | put | 1,300 | $101K | new |
| HASHASBRO INC Stock | put | 1,200 | $91K | -189,600 |
| INDAISHARES TR MSCI INDIA ETF | call | 1,700 | $88.5K | 0 |
| SONYSONY GROUP CORP ADR | put | 2,900 | $83.5K | -380,000 |
| VWOVANGUARD INTL EQUITY INDEX F SHS | call | 1,400 | $75.9K | -2,800 |
| PIPRPIPER SANDLER COS COM | put | 100 | $34.7K | new |
| PCORPROCORE TECHNOLOGIES INC Stock | put | 300 | $21.9K | new |
| MLIMUELLER INDS INC Stock | call | 200 | $20.2K | new |
| FIVEFIVE BELOW INC Stock | call | 100 | $15.5K | -105,800 |
| STAGSTAG INDUSTRIAL INC COM | call | 400 | $14.1K | new |
| ROADCONSTRUCTION PARTNERS INC COM CL A | put | 100 | $12.7K | new |
| AGCOAGCO CORP COM | put | 100 | $10.7K | new |
| TFCTRUIST FINL CORP Stock | put | 200 | $9.14K | -79,200 |
| AUANGLOGOLD ASHANTI PLC COM SHS | call | 100 | $7.03K | -148,800 |
| RIORIO TINTO PLC ADR | call | 100 | $6.6K | -841,000 |
| CFGCITIZENS FINL GROUP INC Stock | call | 100 | $5.32K | new |
| DINOHF SINCLAIR CORP Stock | put | 100 | $5.23K | -63,500 |
| EXELEXELIXIS INC Stock | put | 100 | $4.13K | -7,200 |
| TSTENARIS S A ADR | call | 100 | $3.58K | new |
| RCIROGERS COMMUNICATIONS INC Stock | call | 100 | $3.45K | 0 |
| BRXBRIXMOR PPTY GROUP INC COM | call | 100 | $2.77K | new |
| ELANELANCO ANIMAL HEALTH INC Stock | put | 100 | $2.01K | 0 |
Sold out in Q3 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
The largest 100 of 500. All 500
| Security | Shares before | Value before | Type |
|---|---|---|---|
| QQQINVESCO QQQ TR | 1,570,400 | $866M | put |
| IWMISHARES TR | 2,335,600 | $504M | put |
| QQQINVESCO QQQ TR | 431,400 | $238M | call |
| INTUINTUIT | 199,800 | $157M | put |
| GEVGE VERNOVA INC | 257,500 | $136M | call |
| AMZNAMAZON COM INC | 469,300 | $103M | put |
| XLFSELECT SECTOR SPDR TR | 1,877,300 | $98.3M | put |
| EEMISHARES TR | 1,943,200 | $93.7M | put |
| DIASTATE STR SPDR DOW JONES IND | 194,500 | $85.7M | call |
| XLPSELECT SECTOR SPDR TR | 1,050,300 | $85M | put |
| HCAHCA HEALTHCARE INC | 209,800 | $80.4M | call |
| XLISELECT SECTOR SPDR TR | 541,300 | $79.9M | put |
| CATCATERPILLAR INC | 182,000 | $70.7M | call |
| XLESELECT SECTOR SPDR TR | 829,000 | $70.3M | put |
| ROSTROSS STORES INC | 549,400 | $70.1M | put |
| CDNSCADENCE DESIGN SYSTEM INC | 220,000 | $67.8M | call |
| MDYSTATE STR SPDR S&P MIDCAP 40 | 104,200 | $59M | put |
| DEDEERE & CO | 114,400 | $58.2M | call |
| CVNACARVANA CO | 164,100 | $55.3M | put |
| FFORD MTR CO | 5,020,100 | $54.5M | call |
| MSFTMICROSOFT CORP | 105,300 | $52.4M | put |
| SPGIS&P GLOBAL INC | 99,200 | $52.3M | put |
| UNHUNITEDHEALTH GROUP INC | 153,200 | $47.8M | call |
| AWKAMERICAN WTR WKS CO INC NEW | 336,700 | $46.8M | call |
| HPEHEWLETT PACKARD ENTERPRISE C | 2,272,508 | $46.5M | shares |
| METMETLIFE INC | 571,300 | $45.9M | call |
| NETCLOUDFLARE INC | 221,700 | $43.4M | put |
| STXSEAGATE TECHNOLOGY HLDNGS PL | 298,700 | $43.1M | call |
| PFEPFIZER INC | 1,736,800 | $42.1M | put |
| AAGILENT TECHNOLOGIES INC | 352,800 | $41.6M | call |
| KRESPDR SERIES TRUST | 661,600 | $39.3M | put |
| WFCWELLS FARGO & CO | 476,400 | $38.2M | put |
| ZSZSCALER INC | 120,300 | $37.8M | put |
| VZVERIZON COMMUNICATIONS INC | 872,100 | $37.7M | put |
| ASMLASML HLDG NV | 46,409 | $37.2M | shares |
| CMGCHIPOTLE MEXICAN GRILL INC | 658,100 | $37M | call |
| PYPLPAYPAL HLDGS INC | 492,400 | $36.6M | put |
| MPWRMONOLITHIC PWR SYS INC | 49,300 | $36.1M | put |
| JEFJEFFERIES FINANCIAL GROUP IN | 635,800 | $34.8M | call |
| QQQINVESCO QQQ TR | 62,738 | $34.6M | shares |
| AZNASTRAZENECA PLC-SPONS ADR | 484,300 | $33.8M | call |
| BSXBOSTON SCIENTIFIC CORP | 286,700 | $30.8M | put |
| JBHTHUNT J B TRANS SVCS INC | 213,900 | $30.7M | call |
| ROSTROSS STORES INC | 237,933 | $30.4M | shares |
| WPMWHEATON PRECIOUS METALS CORP | 336,323 | $30.2M | shares |
| GEGE AEROSPACE | 113,413 | $29.2M | shares |
| TTWOTAKE-TWO INTERACTIVE SOFTWAR | 116,778 | $28.4M | shares |
| BRK-BBERKSHIRE HATHAWAY INC DEL | 57,454 | $27.9M | shares |
| QRVOQORVO INC | 327,600 | $27.8M | put |
| ETNEATON CORP PLC | 77,598 | $27.7M | shares |
| EAELECTRONIC ARTS INC | 172,400 | $27.5M | call |
| ADSKAUTODESK INC | 88,100 | $27.3M | put |
| ZGZILLOW GROUP INC | 393,200 | $26.9M | put |
| ADIANALOG DEVICES INC | 109,985 | $26.2M | shares |
| OZKBANK OZK LITTLE ROCK ARK | 552,300 | $26M | call |
| KEYSKEYSIGHT TECHNOLOGIES INC | 154,200 | $25.3M | put |
| HPEHEWLETT PACKARD ENTERPRISE C | 1,210,400 | $24.8M | put |
| ANETARISTA NETWORKS INC | 241,901 | $24.7M | shares |
| KKRKKR & CO INC | 185,300 | $24.7M | call |
| MGMMGM RESORTS INTERNATIONAL | 715,200 | $24.6M | put |
| CFCF INDUSTRIES HOLD | 262,100 | $24.1M | call |
| OMFONEMAIN HLDGS INC | 420,500 | $24M | call |
| IGVISHARES TR | 215,500 | $23.6M | call |
| NEMNEWMONT CORP | 392,000 | $22.8M | call |
| FFORD MTR CO | 2,088,200 | $22.7M | put |
| OXYOCCIDENTAL PETE CORP | 530,305 | $22.3M | shares |
| SPLVINVESCO EXCH TRADED FD TR II | 303,900 | $22.1M | call |
| EOGEOG RES INC | 183,300 | $21.9M | call |
| CAHCARDINAL HEALTH INC | 129,657 | $21.8M | shares |
| BXBLACKSTONE INC | 142,800 | $21.4M | put |
| SPGIS&P GLOBAL INC | 40,200 | $21.2M | call |
| CITHE CIGNA GROUP | 63,300 | $20.9M | call |
| CLSCELESTICA INC | 132,280 | $20.7M | shares |
| SNOWSNOWFLAKE INC | 87,832 | $19.7M | shares |
| TAT&T INC | 655,700 | $19M | put |
| DPZDOMINOS PIZZA INC | 42,000 | $18.9M | call |
| HPEHEWLETT PACKARD ENTERPRISE C | 921,100 | $18.8M | call |
| HQYHEALTHEQUITY INC | 179,400 | $18.8M | put |
| DOWDOW HLDGS INC | 709,400 | $18.8M | put |
| APDAIR PRODUCTS AND CHEMICALS I | 65,700 | $18.5M | put |
| EMREMERSON ELEC CO | 136,800 | $18.2M | put |
| ABNBAIRBNB INC | 135,795 | $18M | shares |
| NTRSNORTHERN TR CORP | 141,146 | $17.9M | shares |
| KOCOCA COLA CO | 251,200 | $17.8M | call |
| ADSKAUTODESK INC | 57,400 | $17.8M | call |
| AWKAMERICAN WTR WKS CO INC NEW | 127,400 | $17.7M | put |
| EEMISHARES TR | 367,093 | $17.7M | shares |
| CRCRANE COMPANY | 92,500 | $17.6M | put |
| MPWRMONOLITHIC PWR SYS INC | 24,000 | $17.6M | call |
| MTARCELORMITTAL SA LUXEMBOURG | 551,300 | $17.4M | put |
| COHRCOHERENT CORP | 194,807 | $17.4M | shares |
| MOALTRIA GROUP INC | 293,348 | $17.2M | shares |
| XLESELECT SECTOR SPDR TR | 201,400 | $17.1M | call |
| CCICROWN CASTLE INC | 166,000 | $17.1M | put |
| TTTRANE TECHNOLOGIES PLC | 38,200 | $16.7M | call |
| SPYMSPDR SERIES TRUST | 223,647 | $16.3M | shares |
| TECKTECK RESOURCES LTD | 392,600 | $15.9M | put |
| EXEEXPAND ENERGY CORPORATION | 135,100 | $15.8M | call |
| WMBWILLIAMS COS INC | 250,418 | $15.7M | shares |
| BNYBANK OF NY MELLON CORP | 169,583 | $15.5M | shares |
How Q3 2025 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001535588-25-000009 | base | 2025-11-13 | acceptance time not in the bulk data set |