Twin Lakes Capital Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 23, 2025), Twin Lakes Capital Management, LLC reported 221 stock positions worth $148.4 million. Its top holding was Apple (AAPL) at 12.2% of the portfolio, followed by Gilead Sciences (GILD, 4.7%) and Capri (CPRI, 4.3%). Compared with Q4 2024, it opened 8 new positions, sold out of 27, added to 44 and reduced 48. The biggest buy was a new position in Berkshire Hathaway Class A (BRK.A) and the biggest sale Apple (AAPL, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- REDWOOD SHORES, CA
- CIK
- 0001847794
- Portfolio Value
- $148.4M (Q1 2025)
- SEC Filing
- 0001095449-25-000047 ↗ filed May 23, 2025
Holdings Value
Holdings 221 stocks · $148.4M
| AAPL Apple Inc. | 12.21% | 81,563 | $18.1M | Reduce -0.9% |
| GILD Gilead Sciences Inc. | 4.72% | 62,516 | $7.0M | Reduce -17.0% |
| CPRI Capri Holdings Ltd. | 4.30% | 323,498 | $6.4M | Reduce -0.1% |
| SCHW Schwab (charles) Corp. | 3.57% | 67,761 | $5.3M | Reduce -3.2% |
| CPF Central Pacific Financial Co. | 3.38% | 185,657 | $5.0M | Add +0.3% |
| XOM Exxon Mobil Corp. | 3.13% | 39,054 | $4.6M | Reduce -0.7% |
| FDX FedEx Corp. | 3.10% | 18,855 | $4.6M | Add +0.4% |
| STX Seagate Technology Holdings | 3.02% | 52,701 | $4.5M | No change |
| NOW ServiceNow Inc. | 2.90% | 5,397 | $4.3M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.80% | 7,422 | $4.2M | Add +0.2% |
| LUV Southwest Airlines Co. | 2.80% | 123,604 | $4.2M | Reduce -0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 2.76% | 7,683 | $4.1M | Reduce -1.6% |
| STWD Starwood Property Trust Inc. | 2.44% | 182,810 | $3.6M | Add +2.1% |
| VTI VG Morningstar TS MKT ETF-US | 2.42% | 13,048 | $3.6M | Add +0.4% |
| JPM JPMorgan Chase & Co. | 2.31% | 13,969 | $3.4M | Add +0.3% |
| AMZN Amazon.com Inc. | 2.14% | 16,695 | $3.2M | No change |
| MSFT Microsoft Corp. | 2.12% | 8,372 | $3.1M | Reduce -1.2% |
| LHX L3HARRIS Technologies Inc. | 2.01% | 14,259 | $3.0M | Add +0.4% |
| PROTAGONIST THERAPEUTICS INC | 2.00% | 61,455 | $3.0M | Reduce -0.1% |
| NCLH Norwegian Cruise Line Holdin | 1.96% | 153,258 | $2.9M | Reduce -0.2% |
| META Meta Platforms Inc. Class A | 1.72% | 4,416 | $2.5M | Add +0.1% |
| V Visa Inc. Class A | 1.37% | 5,803 | $2.0M | Add +0.1% |
| AEM Agnico Eagle Mines Ltd. | 1.33% | 18,199 | $2.0M | Reduce -7.6% |
| BABA Alibaba Group Holding-SP ADR | 1.27% | 14,273 | $1.9M | Reduce -12.7% |
| GOOGL Alphabet Inc. Class A | 1.14% | 10,940 | $1.7M | Reduce -14.1% |
| BA The Boeing Co. | 1.09% | 9,502 | $1.6M | Reduce -4.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.08% | 2 | $1.6M | New |
| FUN Six Flags Entertainment Corp. | 0.97% | 40,545 | $1.4M | Reduce -0.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.92% | 3,683 | $1.4M | Add +0.1% |
| JNJ Johnson & Johnson | 0.89% | 8,000 | $1.3M | Add +0.5% |
| INCY Incyte Corp. | 0.82% | 20,000 | $1.2M | No change |
| UPS United Parcel Service Class B | 0.78% | 10,560 | $1.2M | Add +1.3% |
| CVS CVS Health Corp. | 0.78% | 17,105 | $1.2M | Reduce -0.7% |
| PG The Procter & Gamble Co. | 0.71% | 8,035 | $1.1M | Reduce -4.3% |
| WDAY Workday Inc. Class A | 0.65% | 4,133 | $965K | No change |
| PLNT Planet Fitness Inc. Class A | 0.64% | 9,868 | $953K | Reduce -0.2% |
| MLKN Millerknoll Inc. | 0.64% | 49,400 | $946K | Reduce -0.3% |
| NVDA Nvidia Corp. | 0.61% | 8,337 | $904K | Reduce -0.6% |
| ABT Abbott Laboratories | 0.60% | 6,748 | $895K | Add +0.1% |
| CSCO Cisco Systems Inc. | 0.60% | 14,438 | $891K | Reduce -1.4% |
| VWO Vanguard Ftse Emerging Marke | 0.57% | 18,786 | $850K | Add +0.1% |
| MTG Mgic Investment Corp. | 0.51% | 30,825 | $764K | Add +0.6% |
| AXP American Express Co. | 0.47% | 2,592 | $697K | Reduce -5.2% |
| LMT Lockheed Martin Corp. | 0.47% | 1,552 | $693K | Add +0.7% |
| GLD SPDR Gold Shares | 0.46% | 2,390 | $689K | No change |
| HON Honeywell International Inc. | 0.45% | 3,145 | $666K | Add +0.2% |
| RF Regions Financial Corp. | 0.40% | 27,200 | $591K | Add +0.8% |
| HHH Howard Hughes Holdings Inc. | 0.36% | 7,156 | $530K | Reduce -1.5% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.35% | 5,293 | $522K | Add +0.1% |
| RS Reliance Inc. | 0.31% | 1,613 | $466K | Add +0.4% |
| INDA iShares MSCI India ETF | 0.31% | 8,811 | $454K | No change |
| NVS Novartis AG-Sponsored ADR | 0.29% | 3,905 | $435K | No change |
| PLTR Palantir Technologies Inc. Class A | 0.29% | 5,148 | $434K | No change |
| PNC PNC Financial Services Group | 0.29% | 2,469 | $434K | Add +0.7% |
| GOOG Alphabet Inc. Class C | 0.29% | 2,733 | $427K | Reduce -39.7% |
| ETN Eaton Corp. PLC | 0.29% | 1,569 | $427K | No change |
| IAU iShares Gold Trust | 0.27% | 6,829 | $403K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.27% | 848 | $398K | No change |
| PFE Pfizer Inc. | 0.27% | 15,626 | $396K | Reduce -0.7% |
| INTC Intel Corp. | 0.26% | 17,084 | $388K | Reduce -0.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.26% | 1,550 | $385K | Add +0.2% |
| MDT Medtronic PLC | 0.25% | 4,205 | $378K | No change |
| MMM 3M Co. | 0.22% | 2,186 | $321K | Reduce -4.4% |
| WMT Walmart Inc. | 0.21% | 3,498 | $307K | No change |
| BMY Bristol-Myers Squibb Co. | 0.20% | 4,947 | $302K | Reduce -2.0% |
| ETW Eaton Vance T/M GLBL Buy-WR | 0.20% | 36,563 | $302K | Add +2.4% |
| COST Costco Wholesale Corp. | 0.20% | 318 | $301K | Reduce -55.7% |
| GS Goldman Sachs Group Inc. | 0.19% | 529 | $289K | Add +0.4% |
| MCO Moody's Corp. | 0.19% | 619 | $288K | No change |
| CI The Cigna Group | 0.19% | 868 | $286K | No change |
| LLY Eli Lilly & Co. | 0.18% | 325 | $268K | No change |
| AMD Advanced Micro Devices | 0.18% | 2,607 | $268K | No change |
| T AT&T Inc. | 0.18% | 9,448 | $267K | Reduce -1.3% |
| DOCU Docusign Inc. | 0.18% | 3,230 | $263K | No change |
| HD Home Depot Inc. | 0.17% | 704 | $258K | No change |
| LI Li Auto Inc. - ADR | 0.16% | 9,384 | $236K | No change |
| TSLA Tesla Inc. | 0.16% | 897 | $232K | No change |
| CVX Chevron Corp. | 0.15% | 1,352 | $226K | No change |
| VZ Verizon Communications Inc. | 0.15% | 4,975 | $226K | Add +0.6% |
| NEE Nextera Energy Inc. | 0.15% | 3,111 | $221K | Add +0.2% |
| SPOT Spotify Technology SA | 0.15% | 395 | $217K | No change |
| KMB Kimberly-Clark Corp. | 0.14% | 2,893 | $208K | Add +1.0% |
| JAZZ Jazz Pharmaceuticals PLC | 0.14% | 1,615 | $201K | Reduce -15.7% |
| GDX Vaneck Gold Miners ETF | 0.13% | 4,300 | $198K | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.13% | 1,127 | $187K | No change |
| REGN Regeneron Pharmaceuticals | 0.11% | 266 | $169K | No change |
| MA Mastercard Inc. Class A | 0.10% | 276 | $151K | Add +0.4% |
| A Agilent Technologies Inc. | 0.10% | 1,284 | $150K | Reduce -13.5% |
| PLD Prologis Inc. | 0.10% | 1,343 | $150K | No change |
| MCD McDonald's Corp. | 0.09% | 409 | $128K | Reduce -19.5% |
| ESTA Establishment Labs Holdings | 0.08% | 2,931 | $120K | No change |
| CYVNY Ceryvyn Therapeutics-ADR filed as OPTHEA LTD | 0.08% | 33,156 | $113K | Add +67.4% |
| NOC Northrop Grumman Corp. | 0.08% | 221 | $113K | No change |
| MRK Merck & Co. Inc. | 0.07% | 1,209 | $109K | Add +0.3% |
| GE General Electric filed as GE AEROSPACE | 0.07% | 540 | $108K | No change |
| UAL United Airlines Holdings Inc. | 0.07% | 1,550 | $107K | No change |
| APD Air Products & Chemicals Inc. | 0.07% | 351 | $104K | No change |
| UNP Union Pacific Corp. | 0.07% | 424 | $100K | No change |
| LULU Lululemon Athletica Inc. | 0.07% | 351 | $99K | Reduce -36.3% |
| GFI Gold Fields Ltd.-Spons ADR | 0.06% | 4,323 | $95K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| AAPL Apple Inc. | Reduce -0.9% | 12.21% | −1.01 |
| NCLH Norwegian Cruise Line Holdin | Reduce -0.2% | 1.96% | −0.58 |
| GOOGL Alphabet Inc. Class A | Reduce -14.1% | 1.14% | −0.41 |
| FUN Six Flags Entertainment Corp. | Reduce -0.2% | 0.97% | −0.28 |
| GOOG Alphabet Inc. Class C | Reduce -39.7% | 0.29% | −0.27 |
| NBR Nabors Industries Ltd. | Sold out | 0.00% | −0.22 |
| COST Costco Wholesale Corp. | Reduce -55.7% | 0.20% | −0.22 |
| MSFT Microsoft Corp. | Reduce -1.2% | 2.12% | −0.17 |
| AMGN Amgen Inc. | Sold out | 0.00% | −0.17 |
| NVDA Nvidia Corp. | Reduce -0.6% | 0.61% | −0.11 |
| DXJ Wisdomtree Japan Hedged Eq | Sold out | 0.00% | −0.08 |
| MLKN Millerknoll Inc. | Reduce -0.3% | 0.64% | −0.08 |
| CPRI Capri Holdings Ltd. | Reduce -0.1% | 4.30% | −0.07 |
| LULU Lululemon Athletica Inc. | Reduce -36.3% | 0.07% | −0.07 |
| DFAC Dimensional US Core Equity 2 | Sold out | 0.00% | −0.07 |
| MTTR Matterport Inc. | Sold out | 0.00% | −0.06 |
| VYM Vanguard High DVD Yield ETF | Sold out | 0.00% | −0.06 |
| ORCL Oracle Corp. | Reduce -62.5% | 0.03% | −0.06 |
| AXP American Express Co. | Reduce -5.2% | 0.47% | −0.05 |
| VIG Vanguard Dividend Apprec ETF | Reduce -68.0% | 0.02% | −0.04 |
| BA The Boeing Co. | Reduce -4.2% | 1.09% | −0.03 |
| GD General Dynamics Corp. | Sold out | 0.00% | −0.03 |
| AMAT Applied Materials Inc. | Sold out | 0.00% | −0.03 |
| RMD Resmed Inc. | Sold out | 0.00% | −0.03 |
| BIIB Biogen Inc. | Reduce -51.1% | 0.02% | −0.03 |
| A Agilent Technologies Inc. | Reduce -13.5% | 0.10% | −0.03 |
| MS Morgan Stanley | Reduce -43.3% | 0.03% | −0.03 |
| CAT Caterpillar Inc. | Sold out | 0.00% | −0.02 |
| TGT Target Corp. | Reduce -46.6% | 0.02% | −0.02 |
| GSK GSK PLC-Spon ADR | Sold out | 0.00% | −0.02 |
| RIO Rio Tinto PLC-Spon ADR | Sold out | 0.00% | −0.02 |
| JAZZ Jazz Pharmaceuticals PLC | Reduce -15.7% | 0.14% | −0.02 |
| JCI Johnson Controls Internation | Reduce -41.0% | 0.03% | −0.02 |
| COR Cencora Inc. | Sold out | 0.00% | −0.01 |
| NDAQ Nasdaq Inc. | Reduce -40.0% | 0.02% | −0.01 |
| PGF Invesco Financial Preferred | Sold out | 0.00% | −0.01 |
| AMP Ameriprise Financial Inc. | Reduce -33.8% | 0.02% | −0.01 |
| HNI Hni Corp. | Sold out | 0.00% | −0.01 |
| HSY The Hershey Co. | Reduce -25.0% | 0.03% | −0.01 |
| MCD McDonald's Corp. | Reduce -19.5% | 0.09% | −0.01 |
| GIS General Mills Inc. | Sold out | 0.00% | −0.01 |
| VAC Marriott Vacations World | Sold out | 0.00% | −0.01 |
| VTRS Viatris Inc. | Reduce -0.4% | 0.01% | −0.01 |
| DLB Dolby Laboratories Inc. Class A | Sold out | 0.00% | −0.01 |
| MGM MGM Resorts International | Reduce -79.0% | 0.00% | −0.00 |
| TEL Te Connectivity PLC | Sold out | 0.00% | −0.00 |
| ARRY Array Technologies Inc. | Sold out | 0.00% | −0.00 |
| SEG Seaport Entertainment Group | Reduce -0.3% | 0.01% | −0.00 |
| HPQ HP Inc. | Reduce -13.6% | 0.01% | −0.00 |
| HLN Haleon PLC-ADR | Sold out | 0.00% | −0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| BRK.A Berkshire Hathaway Inc. Class A | New | 1.08% | +1.08 |
| STWD Starwood Property Trust Inc. | Add +2.1% | 2.44% | +0.26 |
| V Visa Inc. Class A | Add +0.1% | 1.37% | +0.20 |
| JPM JPMorgan Chase & Co. | Add +0.3% | 2.31% | +0.17 |
| JNJ Johnson & Johnson | Add +0.5% | 0.89% | +0.16 |
| ABT Abbott Laboratories | Add +0.1% | 0.60% | +0.11 |
| LHX L3HARRIS Technologies Inc. | Add +0.4% | 2.01% | +0.10 |
| META Meta Platforms Inc. Class A | Add +0.1% | 1.72% | +0.06 |
| MTG Mgic Investment Corp. | Add +0.6% | 0.51% | +0.05 |
| VWO Vanguard Ftse Emerging Marke | Add +0.1% | 0.57% | +0.04 |
| IBM Intl Business Machines Corp. | Add +0.2% | 0.26% | +0.04 |
| IEFA iShares Core MSCI Eafe ETF | New | 0.04% | +0.04 |
| RS Reliance Inc. | Add +0.4% | 0.31% | +0.04 |
| CSGP Costar Group Inc. | New | 0.04% | +0.04 |
| IWF iShares Russell 1000 Growth | Add +188.7% | 0.05% | +0.03 |
| CYVNY Ceryvyn Therapeutics-ADR | Add +67.4% | 0.08% | +0.03 |
| IEMG iShares Core MSCI Emerging | New | 0.03% | +0.03 |
| VZ Verizon Communications Inc. | Add +0.6% | 0.15% | +0.03 |
| KMB Kimberly-Clark Corp. | Add +1.0% | 0.14% | +0.02 |
| IWD iShares Russell 1000 Value E | New | 0.02% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.2% | 2.80% | +0.01 |
| ETW Eaton Vance T/M GLBL Buy-WR | Add +2.4% | 0.20% | +0.01 |
| MA Mastercard Inc. Class A | Add +0.4% | 0.10% | +0.01 |
| AB Alliancebernstein Holding LP | Add +2.9% | 0.06% | +0.01 |
| NEE Nextera Energy Inc. | Add +0.2% | 0.15% | +0.01 |
| WM Waste Management Inc. | Add +0.5% | 0.03% | +0.01 |
| IWO iShares Russell 2000 Growth | New | 0.00% | +0.00 |
| BP BP PLC-Spons ADR | Add +1.4% | 0.02% | +0.00 |
| IWN iShares Russell 2000 Value E | New | 0.00% | +0.00 |
| USHY iShares Broad Usd High Yield | New | 0.00% | +0.00 |
| BOH Bank of Hawaii Corp. | Add +0.9% | 0.04% | +0.00 |
| GS Goldman Sachs Group Inc. | Add +0.4% | 0.19% | +0.00 |
| PTLC Pacer Trendpilot US Large Ca | Add +0.6% | 0.04% | +0.00 |
| XETYX Eaton Vance Tax-MGD Div Eqty | Add +2.0% | 0.03% | +0.00 |
| OGN Organon & Co. | Add +2.1% | 0.00% | 0.00 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.4% | 2.42% | 0.00 |
| EL Estee Lauder Companies Class A | Add +2.2% | 0.00% | −0.00 |
| CHI Calamos Convert Opport & Inc. | Add +2.7% | 0.00% | −0.00 |
| APA Apa Corp. | Add +1.1% | 0.02% | −0.00 |
| LEN Lennar Corp. Class A | Add +0.9% | 0.01% | −0.00 |
| MRK Merck & Co. Inc. | Add +0.3% | 0.07% | −0.00 |
| HON Honeywell International Inc. | Add +0.2% | 0.45% | −0.01 |
| EIX Edison International | Add +1.6% | 0.03% | −0.01 |
| HOG Harley-Davidson Inc. | Add +0.8% | 0.06% | −0.01 |
| RF Regions Financial Corp. | Add +0.8% | 0.40% | −0.01 |
| PNC PNC Financial Services Group | Add +0.7% | 0.29% | −0.01 |
| LMT Lockheed Martin Corp. | Add +0.7% | 0.47% | −0.01 |
| DIS The Walt Disney Co. | Add +0.1% | 0.35% | −0.03 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +0.1% | 0.92% | −0.05 |
| UPS United Parcel Service Class B | Add +1.3% | 0.78% | −0.06 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 208 | $261.5M | STX, VBIL, AAPL, NVDA, GILD |
| Q1 2026 | 219 | $219.9M | BIL, AAPL, STX, GILD, XOM |
| Q4 2025 | 224 | $225.1M | BIL, AAPL, STX, CPRI, GILD |
| Q3 2025 | 222 | $216.2M | BIL, AAPL, STX, NVDA, GILD |
| Q2 2025 | 221 | $164.4M | AAPL, STX, GILD, SCHW, NVDA |
| Q1 2025 | 221 | $148.4M | AAPL, GILD, CPRI, SCHW, CPF |
| Q4 2024 | 239 | $155.9M | AAPL, GILD, CPRI, NOW, CPF |
| Q3 2024 | 238 | $155.2M | AAPL, CPRI, GILD, STX, CPF |
| Q2 2024 | 245 | $146.5M | AAPL, FDX, CPRI, STX, GILD |
| Q1 2024 | 243 | $148.0M | AAPL, CPRI, FDX, SCHW, GILD |