Institutional Manager · CIK 0001535588
Twin Tree Management, LP
DALLAS, TX · File #028-15586
Latest AUM
$11.46B
Positions
1,351
Top-10 Concentration
54.6%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | ISHARES GOLD TR | IAU | -5,804,100 | -$471.1M | +$68.8M |
| REDUCE | ADVANCED MICRO DEVICES INC | AMD | -1,196,873 | -$256.3M | +$65.0M |
| REDUCE | ASML HOLDING N V | ASMLF | -129,611 | -$138.7M | +$13.7M |
| REDUCE | ARISTA NETWORKS INC | ANET | -862,000 | -$112.9M | -$13.2M |
| REDUCE | PALO ALTO NETWORKS INC | PANW | -511,855 | -$94.3M | -$10.3M |
| REDUCE | AMERICAN ELEC PWR CO INC | 025537101 | -722,477 | -$83.3M | +$2.0M |
| REDUCE | ORACLE CORP | ORCL-PD | -427,282 | -$83.3M | -$37.3M |
| REDUCE | MICROSOFT CORP | MSFT | -170,500 | -$82.5M | -$6.8M |
| REDUCE | SPDR SERIES TRUST | 78464A870 | -662,470 | -$80.8M | +$14.5M |
| REDUCE | CROWDSTRIKE HLDGS INC | CRWD | -171,970 | -$80.6M | -$3.9M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 20251,351 pos · $11.46B
- 13F HOLDINGS REPORTQ/E Sep 20251,413 pos · $24.04B
- 13F HOLDINGS REPORTQ/E Jun 20251,549 pos · $53.68B
- 13F HOLDINGS REPORTQ/E Mar 20251,515 pos · $53.06B
- 13F HOLDINGS REPORTQ/E Dec 20241,543 pos · $55.85B
- 13F HOLDINGS REPORTQ/E Sep 20241,472 pos · $51.03B
- 13F HOLDINGS REPORTQ/E Jun 20241,304 pos · $44.29B
- 13F HOLDINGS REPORTQ/E Mar 20241,226 pos · $45.33B
- 13F HOLDINGS REPORTQ/E Dec 20231,199 pos · $44.51B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | SPDR GOLD TR | GLD | 1,718,200 | $680.9M | 16.57% |
| 2 | SPDR S&P 500 ETF TR | SPY | 742,200 | $506.1M | 12.32% |
| 3 | SPDR S&P 500 ETF TR | SPY | 453,000 | $308.9M | 7.52% |
| 4 | ISHARES GOLD TR | IAU | 2,385,500 | $193.6M | 4.71% |
| 5 | MICRON TECHNOLOGY INC | MU | 453,100 | $129.3M | 3.15% |
| 6 | AMGEN INC | AMGN | 305,700 | $100.1M | 2.44% |
| 7 | ALPHABET INC | GOOG | 272,700 | $85.4M | 2.08% |
| 8 | UNITED PARCEL SERVICE INC | UPS | 815,600 | $80.9M | 1.97% |
| 9 | VANECK ETF TRUST | 92189F106 | 925,200 | $79.4M | 1.93% |
| 10 | APPLIED MATLS INC | 038222105 | 303,700 | $78.0M | 1.90% |
| 11 | JPMORGAN CHASE & CO. | VYLD | 241,000 | $77.7M | 1.89% |
| 12 | JPMORGAN CHASE & CO. | VYLD | 202,200 | $65.2M | 1.59% |
| 13 | CISCO SYS INC | CSCO | 828,000 | $63.8M | 1.55% |
| 14 | TESLA INC | TSLA | 137,500 | $61.8M | 1.50% |
| 15 | GOLDMAN SACHS GROUP INC | GSCE | 69,600 | $61.2M | 1.49% |
| 16 | ADVANCED MICRO DEVICES INC | AMD | 270,800 | $58.0M | 1.41% |
| 17 | REALTY INCOME CORP | O | 1,013,600 | $57.1M | 1.39% |
| 18 | APPLE INC | AAPL | 206,700 | $56.2M | 1.37% |
| 19 | ISHARES TR | 464287523 | 183,800 | $55.4M | 1.35% |
| 20 | TERADYNE INC | TER | 267,200 | $51.7M | 1.26% |