Twin Lakes Capital Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 4, 2026), Twin Lakes Capital Management, LLC reported 224 stock positions worth $225.1 million. Its top holding was SS SPDR BB 1-3M T-Bill ETF (BIL) at 15.2% of the portfolio, followed by Apple (AAPL, 9.8%) and Seagate Technology (STX, 6.3%). Compared with Q3 2025, it opened 1 new position, added to 42 and reduced 51. The biggest buy was Gilead Sciences (GILD, shares +0%) and the biggest sale ServiceNow (NOW, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- REDWOOD SHORES, CA
- CIK
- 0001847794
- Portfolio Value
- $225.1M (Q4 2025)
- SEC Filing
- 0001847794-26-000001 ↗ filed Feb 4, 2026
Holdings Value
Holdings 224 stocks · $225.1M
| BIL SS SPDR BB 1-3M T-Bill ETF | 15.21% | 374,717 | $34.2M | Add +2.7% |
| AAPL Apple Inc. | 9.84% | 81,492 | $22.2M | Reduce -0.2% |
| STX Seagate Technology Holdings | 6.34% | 51,850 | $14.3M | Reduce -1.2% |
| CPRI Capri Holdings Ltd. | 3.41% | 314,742 | $7.7M | Reduce -0.9% |
| GILD Gilead Sciences Inc. | 3.20% | 58,754 | $7.2M | Add +0.1% |
| NVDA Nvidia Corp. | 3.17% | 38,212 | $7.1M | Reduce -0.3% |
| SCHW Schwab (charles) Corp. | 2.95% | 66,476 | $6.6M | Add +0.2% |
| CPF Central Pacific Financial Co. | 2.56% | 185,158 | $5.8M | Add +0.5% |
| FDX FedEx Corp. | 2.39% | 18,606 | $5.4M | Reduce -0.8% |
| PROTAGONIST THERAPEUTICS INC | 2.35% | 60,616 | $5.3M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 2.24% | 7,380 | $5.0M | Reduce -1.0% |
| XOM Exxon Mobil Corp. | 2.12% | 39,589 | $4.8M | Add +0.3% |
| LUV Southwest Airlines Co. | 2.01% | 109,402 | $4.5M | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 1.99% | 13,902 | $4.5M | Reduce -0.3% |
| VTI VG Morningstar TS MKT ETF-US | 1.96% | 13,160 | $4.4M | Add +0.6% |
| LHX L3HARRIS Technologies Inc. | 1.85% | 14,213 | $4.2M | Reduce -0.9% |
| NOW ServiceNow Inc. | 1.80% | 26,485 | $4.1M | Reduce -1.9% |
| MSFT Microsoft Corp. | 1.79% | 8,345 | $4.0M | Reduce -0.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.71% | 7,645 | $3.8M | Reduce -0.1% |
| AMZN Amazon.com Inc. | 1.70% | 16,596 | $3.8M | Reduce -0.4% |
| GOOGL Alphabet Inc. Class A | 1.52% | 10,920 | $3.4M | Reduce -0.3% |
| NCLH Norwegian Cruise Line Holdin | 1.45% | 146,585 | $3.3M | Reduce -0.7% |
| STWD Starwood Property Trust Inc. | 1.39% | 173,130 | $3.1M | Reduce -0.5% |
| AEM Agnico Eagle Mines Ltd. | 1.37% | 18,137 | $3.1M | No change |
| RH RH | 1.35% | 16,933 | $3.0M | Reduce -0.1% |
| META Meta Platforms Inc. Class A | 1.27% | 4,335 | $2.9M | Reduce -0.4% |
| BABA Alibaba Group Holding-SP ADR | 0.92% | 14,112 | $2.1M | Reduce -0.0% |
| V Visa Inc. Class A | 0.91% | 5,829 | $2.0M | Add +0.2% |
| INCY Incyte Corp. | 0.88% | 20,000 | $2.0M | No change |
| BA The Boeing Co. | 0.87% | 9,033 | $2.0M | Reduce -1.2% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.80% | 3,695 | $1.8M | Add +0.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.67% | 2 | $1.5M | No change |
| JNJ Johnson & Johnson | 0.66% | 7,143 | $1.5M | Reduce -6.4% |
| CVS CVS Health Corp. | 0.61% | 17,192 | $1.4M | Add +0.5% |
| CSCO Cisco Systems Inc. | 0.50% | 14,670 | $1.1M | Add +0.6% |
| PLNT Planet Fitness Inc. Class A | 0.46% | 9,449 | $1.0M | Reduce -1.4% |
| UPS United Parcel Service Class B | 0.45% | 10,269 | $1.0M | Reduce -4.2% |
| VWO Vanguard Ftse Emerging Marke | 0.44% | 18,490 | $994K | Add +1.5% |
| AXP American Express Co. | 0.42% | 2,584 | $956K | Reduce -0.6% |
| GLD SPDR Gold Shares | 0.41% | 2,310 | $915K | Reduce -3.4% |
| WDAY Workday Inc. Class A | 0.39% | 4,133 | $888K | No change |
| GOOG Alphabet Inc. Class C | 0.38% | 2,740 | $860K | Add +0.1% |
| MLKN Millerknoll Inc. | 0.37% | 45,619 | $834K | Reduce -1.4% |
| ABT Abbott Laboratories | 0.37% | 6,634 | $831K | Reduce -2.0% |
| PG The Procter & Gamble Co. | 0.35% | 7,381 | $792K | Reduce -4.8% |
| LMT Lockheed Martin Corp. | 0.34% | 1,583 | $766K | Add +0.6% |
| RF Regions Financial Corp. | 0.34% | 28,062 | $760K | Add +1.0% |
| MTG Mgic Investment Corp. | 0.31% | 24,226 | $708K | Reduce -5.7% |
| INTC Intel Corp. | 0.28% | 16,952 | $626K | No change |
| HON Honeywell International Inc. | 0.26% | 3,048 | $595K | Add +0.3% |
| AMD Advanced Micro Devices | 0.25% | 2,607 | $558K | No change |
| FUN Six Flags Entertainment Corp. | 0.25% | 36,260 | $556K | Reduce -3.8% |
| NVS Novartis AG-Sponsored ADR | 0.24% | 3,905 | $538K | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.24% | 4,686 | $533K | Reduce -3.9% |
| HHH Howard Hughes Holdings Inc. | 0.23% | 6,585 | $525K | Reduce -1.8% |
| QQQ Invesco QQQ Trust Series 1 | 0.23% | 852 | $523K | Add +0.2% |
| IAU iShares Gold Trust | 0.23% | 6,289 | $510K | Reduce -7.9% |
| ETN Eaton Corp. PLC | 0.22% | 1,538 | $490K | Reduce -2.0% |
| RS Reliance Inc. | 0.21% | 1,633 | $472K | Add +0.4% |
| INDA iShares MSCI India ETF | 0.20% | 8,512 | $460K | Reduce -3.4% |
| GS Goldman Sachs Group Inc. | 0.20% | 507 | $446K | Reduce -4.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.19% | 1,452 | $430K | Add +0.1% |
| ATHE Alterity Therapeutics-ADR | 0.19% | 139,258 | $429K | No change |
| MDT Medtronic PLC | 0.18% | 4,205 | $404K | No change |
| TSLA Tesla Inc. | 0.18% | 897 | $403K | No change |
| PFE Pfizer Inc. | 0.18% | 15,918 | $396K | Add +0.6% |
| PNC PNC Financial Services Group | 0.17% | 1,844 | $385K | Add +0.8% |
| WMT Walmart Inc. | 0.17% | 3,337 | $372K | Reduce -4.6% |
| ETW Eaton Vance T/M GLBL Buy-WR | 0.16% | 39,129 | $361K | Add +2.2% |
| PLTR Palantir Technologies Inc. Class A | 0.16% | 1,989 | $354K | No change |
| MMM 3M Co. | 0.16% | 2,186 | $350K | No change |
| LLY Eli Lilly & Co. | 0.16% | 325 | $349K | No change |
| GDX Vaneck Gold Miners ETF | 0.15% | 4,014 | $344K | Add +0.7% |
| TSM Taiwan Semiconductor-SP ADR | 0.15% | 1,127 | $342K | No change |
| MCO Moody's Corp. | 0.14% | 620 | $317K | No change |
| COST Costco Wholesale Corp. | 0.12% | 318 | $274K | No change |
| BMY Bristol-Myers Squibb Co. | 0.12% | 5,031 | $271K | Add +1.1% |
| JAZZ Jazz Pharmaceuticals PLC | 0.12% | 1,554 | $264K | Reduce -3.8% |
| HD Home Depot Inc. | 0.10% | 675 | $232K | Reduce -4.1% |
| DOCU Docusign Inc. | 0.10% | 3,143 | $215K | No change |
| ESTA Establishment Labs Holdings | 0.09% | 2,931 | $214K | No change |
| CVX Chevron Corp. | 0.09% | 1,353 | $206K | No change |
| VZ Verizon Communications Inc. | 0.09% | 5,044 | $205K | Add +0.3% |
| REGN Regeneron Pharmaceuticals | 0.09% | 265 | $205K | No change |
| GFI Gold Fields Ltd.-Spons ADR | 0.08% | 4,323 | $189K | No change |
| T AT&T Inc. | 0.08% | 7,056 | $175K | Reduce -18.7% |
| UAL United Airlines Holdings Inc. | 0.08% | 1,550 | $173K | No change |
| CI The Cigna Group | 0.08% | 629 | $173K | No change |
| A Agilent Technologies Inc. | 0.08% | 1,247 | $170K | Reduce -2.9% |
| GE General Electric filed as GE AEROSPACE | 0.07% | 540 | $166K | No change |
| KMB Kimberly-Clark Corp. | 0.07% | 2,983 | $160K | Add +1.1% |
| LI Li Auto Inc. - ADR | 0.07% | 9,384 | $159K | No change |
| MA Mastercard Inc. Class A | 0.07% | 277 | $158K | Add +0.4% |
| NEE Nextera Energy Inc. | 0.07% | 1,923 | $154K | Add +0.2% |
| PLD Prologis Inc. | 0.06% | 1,113 | $142K | Reduce -2.6% |
| MRK Merck & Co. Inc. | 0.06% | 1,322 | $139K | Add +0.3% |
| AFRM Affirm Holdings Inc. | 0.06% | 1,811 | $135K | No change |
| NOC Northrop Grumman Corp. | 0.06% | 221 | $126K | No change |
| MCD McDonald's Corp. | 0.06% | 409 | $125K | No change |
| IONS Ionis Pharmaceuticals Inc. | 0.05% | 1,500 | $119K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| NOW ServiceNow Inc. | Reduce -1.9% | 1.80% | −0.49 |
| BABA Alibaba Group Holding-SP ADR | Reduce -0.0% | 0.92% | −0.25 |
| RH RH | Reduce -0.1% | 1.35% | −0.25 |
| NCLH Norwegian Cruise Line Holdin | Reduce -0.7% | 1.45% | −0.23 |
| MSFT Microsoft Corp. | Reduce -0.5% | 1.79% | −0.22 |
| META Meta Platforms Inc. Class A | Reduce -0.4% | 1.27% | −0.21 |
| STWD Starwood Property Trust Inc. | Reduce -0.5% | 1.39% | −0.17 |
| LHX L3HARRIS Technologies Inc. | Reduce -0.9% | 1.85% | −0.17 |
| FUN Six Flags Entertainment Corp. | Reduce -3.8% | 0.25% | −0.15 |
| NVDA Nvidia Corp. | Reduce -0.3% | 3.17% | −0.14 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 1.71% | −0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -1.0% | 2.24% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -4.8% | 0.35% | −0.06 |
| ETN Eaton Corp. PLC | Reduce -2.0% | 0.22% | −0.05 |
| ABT Abbott Laboratories | Reduce -2.0% | 0.37% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -0.3% | 1.99% | −0.04 |
| EWW iShares MSCI Mexico ETF | Reduce -73.7% | 0.01% | −0.04 |
| BA The Boeing Co. | Reduce -1.2% | 0.87% | −0.04 |
| T AT&T Inc. | Reduce -18.7% | 0.08% | −0.04 |
| HD Home Depot Inc. | Reduce -4.1% | 0.10% | −0.03 |
| MTG Mgic Investment Corp. | Reduce -5.7% | 0.31% | −0.02 |
| DIS The Walt Disney Co. | Reduce -3.9% | 0.24% | −0.02 |
| HHH Howard Hughes Holdings Inc. | Reduce -1.8% | 0.23% | −0.02 |
| MLKN Millerknoll Inc. | Reduce -1.4% | 0.37% | −0.01 |
| INDA iShares MSCI India ETF | Reduce -3.4% | 0.20% | −0.01 |
| TME Tencent Music Entertainm-ADR | Reduce -4.2% | 0.01% | −0.01 |
| PLNT Planet Fitness Inc. Class A | Reduce -1.4% | 0.46% | −0.00 |
| XYZ Block Inc. | Reduce -0.7% | 0.02% | −0.00 |
| IAU iShares Gold Trust | Reduce -7.9% | 0.23% | −0.00 |
| SEG Seaport Entertainment Group | Reduce -8.5% | 0.01% | −0.00 |
| WMT Walmart Inc. | Reduce -4.6% | 0.17% | −0.00 |
| A Agilent Technologies Inc. | Reduce -2.9% | 0.08% | −0.00 |
| SOLS Solstice Adv Materials Inc. | Reduce -0.4% | 0.02% | −0.00 |
| AZTA Azenta Inc. | Reduce -10.0% | 0.01% | 0.00 |
| LUMN Lumen Technologies Inc. | Reduce -50.0% | 0.00% | 0.00 |
| MRNA Moderna Inc. | Reduce -2.5% | 0.02% | +0.00 |
| GS Goldman Sachs Group Inc. | Reduce -4.7% | 0.20% | +0.00 |
| JNJ Johnson & Johnson | Reduce -6.4% | 0.66% | +0.00 |
| VTRS Viatris Inc. | Reduce -0.0% | 0.01% | +0.00 |
| PLD Prologis Inc. | Reduce -2.6% | 0.06% | +0.00 |
| AMZN Amazon.com Inc. | Reduce -0.4% | 1.70% | +0.01 |
| GLD SPDR Gold Shares | Reduce -3.4% | 0.41% | +0.01 |
| JAZZ Jazz Pharmaceuticals PLC | Reduce -3.8% | 0.12% | +0.02 |
| AXP American Express Co. | Reduce -0.6% | 0.42% | +0.03 |
| UPS United Parcel Service Class B | Reduce -4.2% | 0.45% | +0.04 |
| AAPL Apple Inc. | Reduce -0.2% | 9.84% | +0.23 |
| GOOGL Alphabet Inc. Class A | Reduce -0.3% | 1.52% | +0.29 |
| FDX FedEx Corp. | Reduce -0.8% | 2.39% | +0.34 |
| LUV Southwest Airlines Co. | Reduce -0.3% | 2.01% | +0.39 |
| CPRI Capri Holdings Ltd. | Reduce -0.9% | 3.41% | +0.49 |
Portfolio Buys Q3 2025 → Q4 2025
| GILD Gilead Sciences Inc. | Add +0.1% | 3.20% | +0.19 |
| GOOG Alphabet Inc. Class C | Add +0.1% | 0.38% | +0.07 |
| XOM Exxon Mobil Corp. | Add +0.3% | 2.12% | +0.06 |
| CSCO Cisco Systems Inc. | Add +0.6% | 0.50% | +0.04 |
| SCHW Schwab (charles) Corp. | Add +0.2% | 2.95% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Add +1.1% | 0.12% | +0.02 |
| GDX Vaneck Gold Miners ETF | Add +0.7% | 0.15% | +0.01 |
| MRK Merck & Co. Inc. | Add +0.3% | 0.06% | +0.01 |
| CVS CVS Health Corp. | Add +0.5% | 0.61% | +0.01 |
| IBM Intl Business Machines Corp. | Add +0.1% | 0.19% | +0.00 |
| NEE Nextera Energy Inc. | Add +0.2% | 0.07% | +0.00 |
| EIX Edison International | Add +1.5% | 0.02% | +0.00 |
| BILS SS Spdrb B 3-12M T-Bill ETF | New | 0.00% | +0.00 |
| PNC PNC Financial Services Group | Add +0.8% | 0.17% | +0.00 |
| TGT Target Corp. | Add +0.4% | 0.01% | +0.00 |
| BOH Bank of Hawaii Corp. | Add +0.9% | 0.03% | +0.00 |
| ETW Eaton Vance T/M GLBL Buy-WR | Add +2.2% | 0.16% | 0.00 |
| CHI Calamos Convert Opport & Inc. | Add +2.5% | 0.00% | −0.00 |
| FBIN Fortune Brands Innovations I | Add +1.5% | 0.00% | −0.00 |
| VIG Vanguard Dividend Apprec ETF | Add +0.6% | 0.02% | −0.00 |
| BP BP PLC-Spons ADR | Add +1.4% | 0.02% | −0.00 |
| APA Apa Corp. | Add +1.1% | 0.02% | −0.00 |
| AB Alliancebernstein Holding LP | Add +2.2% | 0.04% | −0.00 |
| DEO Diageo PLC-Sponsored ADR | Add +3.1% | 0.01% | −0.00 |
| NOBL Proshares S&P 500 Dividend A | Add +0.7% | 0.03% | −0.00 |
| RF Regions Financial Corp. | Add +1.0% | 0.34% | −0.00 |
| XETYX Eaton Vance Tax-MGD Div Eqty | Add +1.9% | 0.02% | −0.00 |
| RS Reliance Inc. | Add +0.4% | 0.21% | −0.00 |
| MA Mastercard Inc. Class A | Add +0.4% | 0.07% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Add +0.2% | 0.23% | −0.00 |
| NFLX Netflix Inc. | Add +6.5% | 0.03% | −0.01 |
| PFE Pfizer Inc. | Add +0.6% | 0.18% | −0.01 |
| V Visa Inc. Class A | Add +0.2% | 0.91% | −0.01 |
| VZ Verizon Communications Inc. | Add +0.3% | 0.09% | −0.01 |
| HOG Harley-Davidson Inc. | Add +0.9% | 0.03% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +1.5% | 0.44% | −0.01 |
| KMB Kimberly-Clark Corp. | Add +1.1% | 0.07% | −0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +0.2% | 0.80% | −0.02 |
| CPF Central Pacific Financial Co. | Add +0.5% | 2.56% | −0.02 |
| LMT Lockheed Martin Corp. | Add +0.6% | 0.34% | −0.02 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.6% | 1.96% | −0.03 |
| HON Honeywell International Inc. | Add +0.3% | 0.26% | −0.03 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +2.7% | 15.21% | −0.27 |
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 |