Twin Lakes Capital Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 21, 2025), Twin Lakes Capital Management, LLC reported 222 stock positions worth $216.2 million. Its top holding was SS SPDR BB 1-3M T-Bill ETF (BIL) at 15.5% of the portfolio, followed by Apple (AAPL, 9.6%) and Seagate Technology (STX, 5.7%). Compared with Q2 2025, it opened 1 new position, added to 50 and reduced 33. The biggest buy was a new position in SS SPDR BB 1-3M T-Bill ETF (BIL) and the biggest sale Gilead Sciences (GILD, shares −3%).

Most Recent 13F
Q2 2026
Location
REDWOOD SHORES, CA
CIK
0001847794
Portfolio Value
$216.2M (Q3 2025)
SEC Filing
0001847794-25-000003 ↗ filed Oct 21, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $148.0M Q1 2024 Q2 2024: $146.5M Q2 2024 Q3 2024: $155.2M Q3 2024 Q4 2024: $155.9M Q4 2024 Q1 2025: $148.4M Q1 2025 Q2 2025: $164.4M Q2 2025 Q3 2025: $216.2M $216.2M Q3 2025 Q4 2025: $225.1M Q4 2025 Q1 2026: $219.9M Q1 2026 Q2 2026: $261.5M Q2 2026

Holdings 222 stocks · $216.2M
BIL SS SPDR BB 1-3M T-Bill ETF 15.48% 364,906 $33.5M New
AAPL Apple Inc. 9.62% 81,658 $20.8M Add +0.1%
STX Seagate Technology Holdings 5.73% 52,467 $12.4M No change
NVDA Nvidia Corp. 3.31% 38,337 $7.2M No change
GILD Gilead Sciences Inc. 3.01% 58,719 $6.5M Reduce -2.7%
SCHW Schwab (charles) Corp. 2.93% 66,336 $6.3M Reduce -2.0%
CPRI Capri Holdings Ltd. 2.93% 317,628 $6.3M Reduce -0.8%
CPF Central Pacific Financial Co. 2.58% 184,244 $5.6M Add +0.3%
NOW ServiceNow Inc. 2.30% 5,397 $5.0M No change
SPY SS SPDR S&P 500 ETF Trust-US 2.30% 7,455 $5.0M Add +0.2%
XOM Exxon Mobil Corp. 2.06% 39,449 $4.4M Add +0.4%
FDX FedEx Corp. 2.04% 18,752 $4.4M Add +0.1%
JPM JPMorgan Chase & Co. 2.03% 13,942 $4.4M Add +0.2%
LHX L3HARRIS Technologies Inc. 2.03% 14,340 $4.4M Add +0.3%
MSFT Microsoft Corp. 2.01% 8,385 $4.3M Add +0.1%
VTI VG Morningstar TS MKT ETF-US 1.99% 13,087 $4.3M Add +0.3%
PROTAGONIST THERAPEUTICS INC 1.86% 60,616 $4.0M Reduce -1.1%
BRK.B Berkshire Hathaway Inc. Class B 1.78% 7,654 $3.8M No change
AMZN Amazon.com Inc. 1.69% 16,666 $3.7M Reduce -0.1%
NCLH Norwegian Cruise Line Holdin 1.68% 147,564 $3.6M Reduce -0.9%
LUV Southwest Airlines Co. 1.62% 109,712 $3.5M Reduce -0.5%
RH RH 1.59% 16,956 $3.4M Reduce -0.3%
STWD Starwood Property Trust Inc. 1.56% 173,910 $3.4M Add +1.2%
META Meta Platforms Inc. Class A 1.48% 4,351 $3.2M Reduce -1.0%
AEM Agnico Eagle Mines Ltd. 1.41% 18,137 $3.1M No change
GOOGL Alphabet Inc. Class A 1.23% 10,958 $2.7M Add +0.1%
BABA Alibaba Group Holding-SP ADR 1.17% 14,114 $2.5M Reduce -1.1%
V Visa Inc. Class A 0.92% 5,819 $2.0M Add +0.1%
BA The Boeing Co. 0.91% 9,140 $2.0M Reduce -0.2%
VUG Vanguard Mrngstar GR ETF-Sui 0.82% 3,688 $1.8M Add +0.1%
INCY Incyte Corp. 0.78% 20,000 $1.7M No change
BRK.A Berkshire Hathaway Inc. Class A 0.70% 2 $1.5M No change
JNJ Johnson & Johnson 0.65% 7,630 $1.4M Reduce -3.1%
CVS CVS Health Corp. 0.60% 17,101 $1.3M Reduce -0.6%
CSCO Cisco Systems Inc. 0.46% 14,587 $998K Add +0.6%
PLNT Planet Fitness Inc. Class A 0.46% 9,585 $995K Reduce -0.6%
WDAY Workday Inc. Class A 0.46% 4,133 $995K No change
VWO Vanguard Ftse Emerging Marke 0.46% 18,210 $987K Add +0.4%
ABT Abbott Laboratories 0.42% 6,773 $907K Add +0.1%
UPS United Parcel Service Class B 0.41% 10,714 $895K Add +1.4%
PG The Procter & Gamble Co. 0.41% 7,754 $892K Add +0.1%
AXP American Express Co. 0.40% 2,599 $863K Add +0.1%
FUN Six Flags Entertainment Corp. 0.40% 37,688 $856K Reduce -2.5%
GLD SPDR Gold Shares 0.39% 2,390 $850K No change
MLKN Millerknoll Inc. 0.38% 46,243 $820K Reduce -0.2%
LMT Lockheed Martin Corp. 0.36% 1,573 $785K Add +0.6%
RF Regions Financial Corp. 0.34% 27,790 $733K Add +1.0%
MTG Mgic Investment Corp. 0.34% 25,678 $728K Reduce -0.4%
GOOG Alphabet Inc. Class C 0.31% 2,738 $667K Add +0.1%
HON Honeywell International Inc. 0.30% 3,040 $640K Reduce -3.5%
ETN Eaton Corp. PLC 0.27% 1,569 $587K No change
INTC Intel Corp. 0.26% 16,952 $569K Reduce -0.6%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.26% 4,876 $558K Reduce -0.7%
HHH Howard Hughes Holdings Inc. 0.25% 6,702 $551K Reduce -1.0%
ATHE Alterity Therapeutics-ADR 0.24% 139,258 $524K Add +2250.3%
QQQ Invesco QQQ Trust Series 1 0.24% 850 $510K Add +0.1%
NVS Novartis AG-Sponsored ADR 0.23% 3,905 $501K No change
IAU iShares Gold Trust 0.23% 6,829 $497K No change
INDA iShares MSCI India ETF 0.21% 8,811 $459K No change
RS Reliance Inc. 0.21% 1,626 $457K Add +0.4%
GS Goldman Sachs Group Inc. 0.20% 532 $424K Add +0.4%
AMD Advanced Micro Devices 0.20% 2,607 $422K No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.19% 1,450 $409K Reduce -6.6%
PFE Pfizer Inc. 0.19% 15,821 $403K Add +0.6%
MDT Medtronic PLC 0.19% 4,205 $401K No change
TSLA Tesla Inc. 0.18% 897 $399K No change
PNC PNC Financial Services Group 0.17% 1,830 $368K Add +0.7%
PLTR Palantir Technologies Inc. Class A 0.17% 1,989 $363K Reduce -61.4%
WMT Walmart Inc. 0.17% 3,498 $361K No change
ETW Eaton Vance T/M GLBL Buy-WR 0.16% 38,289 $347K Add +2.3%
MMM 3M Co. 0.16% 2,186 $339K No change
TSM Taiwan Semiconductor-SP ADR 0.15% 1,127 $315K No change
GDX Vaneck Gold Miners ETF 0.14% 3,987 $305K Reduce -7.3%
MCO Moody's Corp. 0.14% 620 $295K No change
COST Costco Wholesale Corp. 0.14% 318 $294K No change
HD Home Depot Inc. 0.13% 704 $285K No change
LLY Eli Lilly & Co. 0.11% 325 $248K No change
T AT&T Inc. 0.11% 8,680 $245K Reduce -8.7%
LI Li Auto Inc. - ADR 0.11% 9,384 $238K No change
DOCU Docusign Inc. 0.10% 3,143 $227K Reduce -2.0%
BMY Bristol-Myers Squibb Co. 0.10% 4,977 $224K Add +1.4%
VZ Verizon Communications Inc. 0.10% 5,030 $221K Add +0.5%
JAZZ Jazz Pharmaceuticals PLC 0.10% 1,615 $213K No change
CVX Chevron Corp. 0.10% 1,353 $210K Add +0.1%
KMB Kimberly-Clark Corp. 0.09% 2,951 $189K Add +1.0%
GFI Gold Fields Ltd.-Spons ADR 0.08% 4,323 $181K No change
CI The Cigna Group 0.08% 629 $181K Reduce -27.6%
A Agilent Technologies Inc. 0.08% 1,284 $165K No change
GE General Electric filed as GE AEROSPACE 0.08% 540 $162K No change
MA Mastercard Inc. Class A 0.07% 276 $157K No change
UAL United Airlines Holdings Inc. 0.07% 1,550 $150K No change
REGN Regeneron Pharmaceuticals 0.07% 265 $149K Reduce -0.8%
NEE Nextera Energy Inc. 0.07% 1,920 $145K Add +0.2%
NOC Northrop Grumman Corp. 0.06% 221 $135K No change
AFRM Affirm Holdings Inc. 0.06% 1,811 $132K No change
PLD Prologis Inc. 0.06% 1,143 $131K No change
EWW iShares MSCI Mexico ETF 0.06% 1,834 $125K No change
MCD McDonald's Corp. 0.06% 409 $124K No change
ESTA Establishment Labs Holdings 0.06% 2,931 $120K No change
MRK Merck & Co. Inc. 0.05% 1,318 $111K Add +8.7%

Show all 222 holdings

Portfolio Sells Q2 2025 → Q3 2025
GILD Gilead Sciences Inc. Reduce -2.7% 3.01% −1.05
SCHW Schwab (charles) Corp. Reduce -2.0% 2.93% −0.83
LUV Southwest Airlines Co. Reduce -0.5% 1.62% −0.56
AMZN Amazon.com Inc. Reduce -0.1% 1.69% −0.53
CPRI Capri Holdings Ltd. Reduce -0.8% 2.93% −0.52
META Meta Platforms Inc. Class A Reduce -1.0% 1.48% −0.50
RH RH Reduce -0.3% 1.59% −0.36
FUN Six Flags Entertainment Corp. Reduce -2.5% 0.40% −0.32
PLTR Palantir Technologies Inc. Class A Reduce -61.4% 0.17% −0.26
BA The Boeing Co. Reduce -0.2% 0.91% −0.26
PROTAGONIST THERAPEUTICS INC Reduce -1.1% 1.86% −0.20
PLNT Planet Fitness Inc. Class A Reduce -0.6% 0.46% −0.18
SPOT Spotify Technology SA Reduce -87.8% 0.02% −0.17
MLKN Millerknoll Inc. Reduce -0.2% 0.38% −0.17
NCLH Norwegian Cruise Line Holdin Reduce -0.9% 1.68% −0.16
HON Honeywell International Inc. Reduce -3.5% 0.30% −0.15
CVS CVS Health Corp. Reduce -0.6% 0.60% −0.13
DIS The Walt Disney Co. Reduce -0.7% 0.26% −0.11
MTG Mgic Investment Corp. Reduce -0.4% 0.34% −0.10
CI The Cigna Group Reduce -27.6% 0.08% −0.09
IBM Intl Business Machines Corp. Reduce -6.6% 0.19% −0.09
JNJ Johnson & Johnson Reduce -3.1% 0.65% −0.08
T AT&T Inc. Reduce -8.7% 0.11% −0.05
DOCU Docusign Inc. Reduce -2.0% 0.10% −0.05
BAC Bank of America Corp. Reduce -81.2% 0.00% −0.03
HHH Howard Hughes Holdings Inc. Reduce -1.0% 0.25% −0.02
REGN Regeneron Pharmaceuticals Reduce -0.8% 0.07% −0.02
TDOC Teladoc Health Inc. Reduce -2.8% 0.01% −0.01
SEG Seaport Entertainment Group Reduce -5.8% 0.01% −0.00
OGN Organon & Co. Reduce -14.6% 0.00% −0.00
GDX Vaneck Gold Miners ETF Reduce -7.3% 0.14% +0.00
INTC Intel Corp. Reduce -0.6% 0.26% +0.03
BABA Alibaba Group Holding-SP ADR Reduce -1.1% 1.17% +0.18

Portfolio Buys Q2 2025 → Q3 2025
BIL SS SPDR BB 1-3M T-Bill ETF New 15.48% +15.48
ATHE Alterity Therapeutics-ADR Add +2250.3% 0.24% +0.23
GOOGL Alphabet Inc. Class A Add +0.1% 1.23% +0.06
GOOG Alphabet Inc. Class C Add +0.1% 0.31% +0.01
APA Apa Corp. Add +1.2% 0.02% +0.00
CHI Calamos Convert Opport & Inc. Add +2.6% 0.00% −0.00
CMCSA Comcast Corp. Class A Add +1.5% 0.00% −0.00
LEN Lennar Corp. Class A Add +0.9% 0.01% −0.00
ESS Essex Property Trust Inc. Add +4.5% 0.00% −0.00
VTRS Viatris Inc. Add +0.6% 0.01% −0.00
BP BP PLC-Spons ADR Add +1.5% 0.02% −0.00
EIX Edison International Add +1.6% 0.02% −0.00
VIG Vanguard Dividend Apprec ETF Add +0.6% 0.02% −0.00
HOG Harley-Davidson Inc. Add +0.6% 0.05% −0.01
XETYX Eaton Vance Tax-MGD Div Eqty Add +1.9% 0.02% −0.01
MRK Merck & Co. Inc. Add +8.7% 0.05% −0.01
WM Waste Management Inc. Add +0.5% 0.02% −0.01
NOBL Proshares S&P 500 Dividend A Add +1.0% 0.03% −0.01
BOH Bank of Hawaii Corp. Add +1.0% 0.03% −0.01
NEE Nextera Energy Inc. Add +0.2% 0.07% −0.01
AB Alliancebernstein Holding LP Add +1.8% 0.05% −0.02
CVX Chevron Corp. Add +0.1% 0.10% −0.02
VZ Verizon Communications Inc. Add +0.5% 0.10% −0.03
KMB Kimberly-Clark Corp. Add +1.0% 0.09% −0.03
GS Goldman Sachs Group Inc. Add +0.4% 0.20% −0.03
BMY Bristol-Myers Squibb Co. Add +1.4% 0.10% −0.03
PNC PNC Financial Services Group Add +0.7% 0.17% −0.04
ETW Eaton Vance T/M GLBL Buy-WR Add +2.3% 0.16% −0.04
PFE Pfizer Inc. Add +0.6% 0.19% −0.05
QQQ Invesco QQQ Trust Series 1 Add +0.1% 0.24% −0.05
RF Regions Financial Corp. Add +1.0% 0.34% −0.05
LMT Lockheed Martin Corp. Add +0.6% 0.36% −0.08
VWO Vanguard Ftse Emerging Marke Add +0.4% 0.46% −0.09
RS Reliance Inc. Add +0.4% 0.21% −0.10
AXP American Express Co. Add +0.1% 0.40% −0.10
ABT Abbott Laboratories Add +0.1% 0.42% −0.14
CSCO Cisco Systems Inc. Add +0.6% 0.46% −0.15
LHX L3HARRIS Technologies Inc. Add +0.3% 2.03% −0.16
VUG Vanguard Mrngstar GR ETF-Sui Add +0.1% 0.82% −0.16
PG The Procter & Gamble Co. Add +0.1% 0.41% −0.20
UPS United Parcel Service Class B Add +1.4% 0.41% −0.24
V Visa Inc. Class A Add +0.1% 0.92% −0.34
JPM JPMorgan Chase & Co. Add +0.2% 2.03% −0.42
VTI VG Morningstar TS MKT ETF-US Add +0.3% 1.99% −0.43
SPY SS SPDR S&P 500 ETF Trust-US Add +0.2% 2.30% −0.50
XOM Exxon Mobil Corp. Add +0.4% 2.06% −0.52
MSFT Microsoft Corp. Add +0.1% 2.01% −0.53
STWD Starwood Property Trust Inc. Add +1.2% 1.56% −0.54
FDX FedEx Corp. Add +0.1% 2.04% −0.55
CPF Central Pacific Financial Co. Add +0.3% 2.58% −0.55

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 208$261.5MSTX, VBIL, AAPL, NVDA, GILD
Q1 2026 219$219.9MBIL, AAPL, STX, GILD, XOM
Q4 2025 224$225.1MBIL, AAPL, STX, CPRI, GILD
Q3 2025 222$216.2MBIL, AAPL, STX, NVDA, GILD
Q2 2025 221$164.4MAAPL, STX, GILD, SCHW, NVDA
Q1 2025 221$148.4MAAPL, GILD, CPRI, SCHW, CPF
Q4 2024 239$155.9MAAPL, GILD, CPRI, NOW, CPF
Q3 2024 238$155.2MAAPL, CPRI, GILD, STX, CPF
Q2 2024 245$146.5MAAPL, FDX, CPRI, STX, GILD
Q1 2024 243$148.0MAAPL, CPRI, FDX, SCHW, GILD