Twin Tree Management, LP

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 9, 2024), Twin Tree Management, LP reported 382 stock positions worth $4.4 billion. Its top holding was Micron Technology (MU) at 2.3% of the portfolio, followed by Super Micro Computer (SMCI, 2.2%) and SS Financial Select Sector (XLF, 2.0%). Compared with Q4 2023, it opened 126 new positions, sold out of 201, added to 123 and reduced 133. The biggest buy was Super Micro Computer (SMCI, shares +125%) and the biggest sale iShares Russell 2000 ETF (IWM, shares −63%).

Most Recent 13F
Q2 2026
Location
DALLAS, TX
CIK
0001535588
Portfolio Value
$4.4B (Q1 2024)
SEC Filing
0001535588-24-000002 ↗ filed May 9, 2024

Holdings Value

0$1.0B$2.0B$3.0B$4.0B$5.0B Q1 2024: $4.4B $4.4B Q1 2024 Q2 2024: $3.4B Q2 2024 Q3 2024: $4.3B Q3 2024 Q4 2024: $4.1B Q4 2024 Q1 2025: $4.5B Q1 2025 Q2 2025: $4.0B Q2 2025 Q3 2025: $2.1B Q3 2025 Q4 2025: $976.2M Q4 2025 Q1 2026: $476.2M Q1 2026 Q2 2026: $642.1M Q2 2026

Holdings 382 stocks · $4.4B
MU Micron Technology Inc. 2.31% 863,465 $101.8M Add +32.1%
SMCI Super Micro Computer Inc. 2.17% 94,949 $95.9M Add +125.5%
XLF SS Financial Select Sector 1.99% 2,084,997 $87.8M Add +338.3%
NVDA Nvidia Corp. 1.82% 88,920 $80.3M Add +22.2%
IWM iShares Russell 2000 ETF 1.74% 365,214 $76.8M Reduce -63.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 1.42% 512,934 $62.8M Add +141.7%
VST Vistra Corp. 1.37% 868,288 $60.5M New
MPC Marathon Petroleum Corp. 1.32% 289,358 $58.3M Add +105.7%
AVGO Broadcom Inc. 1.26% 42,097 $55.8M Reduce -23.2%
APO Apollo Global Management Inc. 1.24% 487,813 $54.9M Add +52.6%
MS Morgan Stanley 1.19% 556,732 $52.4M Add +131.1%
TXN Texas Instruments Inc. 1.18% 299,990 $52.3M Add +29.1%
MRK Merck & Co. Inc. 1.18% 395,696 $52.2M Add +25.6%
CRM Salesforce Inc. 1.18% 172,516 $52.0M Add +137.4%
FCX Freeport-McMoran Inc. 1.16% 1,085,169 $51.0M Add +71.7%
PLTR Palantir Technologies Inc. Class A 1.16% 2,217,116 $51.0M Add +2.9%
SOXX iShares Semiconductor ETF 1.14% 222,369 $50.2M Add +19102.8%
TSN Tyson Foods Inc. Class A 1.06% 793,712 $46.6M Reduce -3.5%
FDX FedEx Corp. 1.05% 160,096 $46.4M Add +65.2%
C Citigroup Inc. 1.05% 730,147 $46.2M Reduce -45.4%
TSM Taiwan Semiconductor-SP ADR 1.02% 331,622 $45.1M Add +108.6%
SNOW Snowflake Inc. 1.02% 278,744 $45.0M New
CVE Cenovus Energy Inc. 0.96% 2,122,874 $42.4M Add +479.8%
NRG NRG Energy Inc. 0.91% 590,553 $40.0M Add +95.5%
HAS Hasbro Inc. 0.90% 703,021 $39.7M Add +106.0%
AEM Agnico Eagle Mines Ltd. 0.90% 664,434 $39.6M Reduce -26.8%
GDX Vaneck Gold Miners ETF 0.89% 1,241,127 $39.2M Reduce -59.0%
VRT Vertiv Holdings Co. Class A 0.87% 472,566 $38.6M Reduce -24.7%
NKE Nike Inc. Class B 0.86% 404,827 $38.0M New
AXP American Express Co. 0.86% 166,795 $38.0M Add +47.1%
XOP SS SPDR S&P Og Exp & Prod 0.85% 241,970 $37.5M Add +723.4%
CTAS Cintas Corp. 0.84% 54,150 $37.2M New
GDXJ Vaneck Junior Gold Miners 0.76% 871,134 $33.7M Reduce -26.3%
MSFT Microsoft Corp. 0.76% 79,909 $33.6M New
CTVA Corteva Inc. 0.76% 580,396 $33.5M Add +263.4%
DE Deere & Co. 0.75% 80,911 $33.2M Add +742.5%
DVN Devon Energy Corp. 0.75% 658,029 $33.0M Add +1852.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.73% 317,610 $32.2M Reduce -11.7%
NTAP Netapp Inc. 0.70% 294,949 $31.0M Add +267.1%
LLY Eli Lilly & Co. 0.68% 38,735 $30.1M Reduce -11.0%
DD Dupont DE Nemours Inc. 0.68% 389,834 $29.9M Add +987.5%
DFS Discover Financial Services 0.65% 219,544 $28.8M Add +0.3%
GDDY GoDaddy Inc. Class A 0.65% 242,099 $28.7M Add +168.7%
FNV Franco-Nevada Corp. 0.65% 240,189 $28.6M Add +91.5%
LEN Lennar Corp. Class A 0.64% 163,657 $28.1M Reduce -27.0%
GLW Corning Inc. 0.63% 840,009 $27.7M Add +29.1%
SMH Vaneck Semiconductor ETF 0.63% 122,699 $27.6M Add +31.9%
JNJ Johnson & Johnson 0.62% 173,781 $27.5M Add +82.7%
RL Ralph Lauren Corp. 0.62% 145,738 $27.4M Add +31.4%
AIG American International Group 0.61% 346,216 $27.1M New
QCOM Qualcomm Inc. 0.61% 159,821 $27.1M New
OIH Vaneck Oil Services ETF 0.60% 78,751 $26.5M Add +94.2%
RY Royal Bank of Canada 0.58% 254,850 $25.7M Reduce -36.0%
MUSA Murphy USA Inc. 0.58% 61,133 $25.6M Add +383.6%
ETN Eaton Corp. PLC 0.58% 81,220 $25.4M New
WMB Williams Cos Inc. 0.57% 650,750 $25.4M New
AMT American Tower Corp. 0.57% 126,451 $25.0M New
NFLX Netflix Inc. 0.56% 40,425 $24.6M New
PCAR Paccar Inc. 0.55% 197,001 $24.4M Add +134.5%
XLE SS Energy Select Sector 0.55% 258,368 $24.4M Add +312.2%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.54% 125,449 $24.0M New
ADBE Adobe Inc. 0.53% 46,397 $23.4M New
HAL Halliburton Co. 0.53% 592,290 $23.3M Add +142.6%
POOL Pool Corp. 0.52% 57,218 $23.1M Add +18.1%
HPQ HP Inc. 0.52% 759,207 $22.9M Reduce -22.0%
XPO Xpo Inc. 0.52% 186,569 $22.8M Add +89.4%
INDA iShares MSCI India ETF 0.51% 433,094 $22.3M Add +29.1%
MA Mastercard Inc. Class A 0.50% 45,518 $21.9M Reduce -10.3%
BA The Boeing Co. 0.49% 112,320 $21.7M Reduce -34.3%
DECK Deckers Outdoor Corp. 0.48% 22,735 $21.4M Add +77.0%
MRVL Marvell Technology Inc. 0.46% 287,270 $20.4M Add +134.5%
GAP The Gap Inc. 0.46% 737,056 $20.3M New
GOOGL Alphabet Inc. Class A 0.46% 134,293 $20.3M Add +32.0%
UBER Uber Technologies Inc. 0.44% 253,763 $19.5M Add +78.4%
GS Goldman Sachs Group Inc. 0.44% 46,492 $19.4M Reduce -76.5%
STX Seagate Technology Holdings 0.44% 207,406 $19.3M New
UNH Unitedhealth Group Inc. 0.43% 38,129 $18.9M New
SPG Simon Property Group Inc. 0.39% 110,027 $17.2M New
APH Amphenol Corp. Class A 0.37% 140,943 $16.3M Add +469.7%
ZS Zscaler Inc. 0.37% 84,348 $16.2M New
HRL Hormel Foods Corp. 0.37% 465,403 $16.2M New
AAPL Apple Inc. 0.37% 94,318 $16.2M New
HSY The Hershey Co. 0.36% 82,351 $16.0M New
DAL Delta Air Lines Inc. 0.36% 332,639 $15.9M Add +45.7%
NVO Novo-Nordisk A/S-Spons ADR 0.36% 122,333 $15.7M New
AMAT Applied Materials Inc. 0.35% 75,784 $15.6M New
LRCX Lam Research Corp. 0.35% 15,914 $15.5M Add +75.3%
RGLD Royal Gold Inc. 0.35% 126,023 $15.4M Add +3.9%
TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 0.34% 172,526 $15.1M Add +163.7%
SLF Sun Life Financial Inc. 0.34% 274,119 $15.0M Add +249.8%
CPNG Coupang Inc. 0.34% 834,697 $14.8M New
XYZ Block Inc. 0.34% 175,313 $14.8M Reduce -60.6%
CLF Cleveland-Cliffs Inc. 0.34% 650,746 $14.8M New
NOW ServiceNow Inc. 0.33% 19,359 $14.8M Reduce -44.1%
EQNR Equinor ASA-Spon ADR 0.33% 545,853 $14.8M Add +236.3%
MBLY Mobileye Global Inc. Class A 0.33% 457,577 $14.7M New
PYPL PayPal Holdings Inc. 0.33% 218,605 $14.6M Add +132.2%
XBI SS SPDR S&P Biotech ETF 0.33% 154,320 $14.6M Reduce -82.0%
SWKS Skyworks Solutions Inc. 0.33% 134,339 $14.6M Reduce -13.8%
CNM Core & Main Inc. Class A 0.33% 252,863 $14.5M New

Show all 382 holdings

Options reported separately and not counted above: GLD puts ($2.7B), SPY calls ($2.5B), SPY puts ($1.6B), IWM puts ($1.0B), QQQ calls ($952.2M), IAU puts ($731.2M), IWM calls ($608.1M), AMD puts ($523.5M), AVGO puts ($498.4M), MSFT puts ($473.6M), SMCI puts ($441.8M), NFLX puts ($431.4M), and 832 more.

Portfolio Sells Q4 2023 → Q1 2024
IWM iShares Russell 2000 ETF Reduce -63.0% 1.74% −1.84
BAC Bank of America Corp. Reduce -94.9% 0.11% −1.47
AMGN Amgen Inc. Sold out 0.00% −1.43
XBI SS SPDR S&P Biotech ETF Reduce -82.0% 0.33% −1.05
IYR iShares US Real Estate ETF Sold out 0.00% −0.99
SBUX Starbucks Corp. Reduce -88.0% 0.16% −0.97
VRTX Vertex Pharmaceuticals Inc. Sold out 0.00% −0.95
GS Goldman Sachs Group Inc. Reduce -76.5% 0.44% −0.94
ADI Analog Devices Inc. Sold out 0.00% −0.90
TSLA Tesla Inc. Sold out 0.00% −0.88
ALGN Align Technology Inc. Reduce -97.3% 0.04% −0.84
EEM iShares MSCI Emerging Market Sold out 0.00% −0.81
GDX Vaneck Gold Miners ETF Reduce -59.0% 0.89% −0.81
SHOP Shopify Inc. Class A Reduce -90.5% 0.11% −0.80
UNP Union Pacific Corp. Reduce -88.1% 0.14% −0.80
AMD Advanced Micro Devices Reduce -95.3% 0.06% −0.80
TTWO Take-Two Interactive Softwre Sold out 0.00% −0.79
DLTR Dollar Tree Inc. Sold out 0.00% −0.73
ULTA Ulta Beauty Inc. Sold out 0.00% −0.72
PHM Pultegroup Inc. Reduce -84.4% 0.21% −0.70
IWN iShares Russell 2000 Value E Sold out 0.00% −0.68
FANG Diamondback Energy Inc. Sold out 0.00% −0.67
OLN Olin Corp. Sold out 0.00% −0.65
FTNT Fortinet Inc. Reduce -99.8% 0.00% −0.64
IP International Paper Co. Sold out 0.00% −0.62
BBY Best Buy Co. Inc. Sold out 0.00% −0.59
UPS United Parcel Service Class B Sold out 0.00% −0.57
EW Edwards Lifesciences Corp. Sold out 0.00% −0.56
KEYS Keysight Technologies Inc. Reduce -98.0% 0.01% −0.55
U Unity Software Inc. Reduce -78.4% 0.12% −0.54
SNPS Synopsys Inc. Reduce -90.4% 0.08% −0.53
BLK BlackRock Finance Inc. Reduce -83.5% 0.14% −0.52
KHC The Kraft Heinz Co. Sold out 0.00% −0.51
RBLX Roblox Corp. Class A Sold out 0.00% −0.51
MSCI MSCI Inc. Sold out 0.00% −0.49
TMO Thermo Fisher Scientific Inc. Reduce -97.5% 0.02% −0.47
BILL Bill Holdings Inc. Reduce -96.0% 0.02% −0.46
GILD Gilead Sciences Inc. Sold out 0.00% −0.45
AKAM Akamai Technologies Inc. Sold out 0.00% −0.45
JCI Johnson Controls Internation Reduce -81.5% 0.16% −0.44
TOST Toast Inc. Class A Sold out 0.00% −0.43
IWO iShares Russell 2000 Growth Sold out 0.00% −0.43
MRNA Moderna Inc. Reduce -93.3% 0.04% −0.42
W Wayfair Inc. Class A Sold out 0.00% −0.41
BKNG Booking Holdings Inc. Reduce -88.0% 0.07% −0.40
WBA Walgreens Boots Alliance Inc. Reduce -57.2% 0.32% −0.40
ALB Albemarle Corp. Sold out 0.00% −0.37
HR Healthcare Realty Trust Inc. Sold out 0.00% −0.37
BMO Bank of Montreal Sold out 0.00% −0.37
ABNB Airbnb Inc. Class A Reduce -90.3% 0.06% −0.36

Portfolio Buys Q4 2023 → Q1 2024
SMCI Super Micro Computer Inc. Add +125.5% 2.17% +1.96
XLF SS Financial Select Sector Add +338.3% 1.99% +1.67
VST Vistra Corp. New 1.37% +1.37
MU Micron Technology Inc. Add +32.1% 2.31% +1.30
NVDA Nvidia Corp. Add +22.2% 1.82% +1.17
SOXX iShares Semiconductor ETF Add +19102.8% 1.14% +1.13
DIS The Walt Disney Co. Add +141.7% 1.42% +1.08
SNOW Snowflake Inc. New 1.02% +1.02
MPC Marathon Petroleum Corp. Add +105.7% 1.32% +0.94
NKE Nike Inc. Class B New 0.86% +0.86
CVE Cenovus Energy Inc. Add +479.8% 0.96% +0.85
CTAS Cintas Corp. New 0.84% +0.84
CRM Salesforce Inc. Add +137.4% 1.18% +0.83
MS Morgan Stanley Add +131.1% 1.19% +0.78
XOP SS SPDR S&P Og Exp & Prod Add +723.4% 0.85% +0.78
MSFT Microsoft Corp. New 0.76% +0.76
TSM Taiwan Semiconductor-SP ADR Add +108.6% 1.02% +0.72
DVN Devon Energy Corp. Add +1852.1% 0.75% +0.72
APO Apollo Global Management Inc. Add +52.6% 1.24% +0.70
DE Deere & Co. Add +742.5% 0.75% +0.68
FCX Freeport-McMoran Inc. Add +71.7% 1.16% +0.67
DD Dupont DE Nemours Inc. Add +987.5% 0.68% +0.63
NRG NRG Energy Inc. Add +95.5% 0.91% +0.62
CTVA Corteva Inc. Add +263.4% 0.76% +0.62
AIG American International Group New 0.61% +0.61
QCOM Qualcomm Inc. New 0.61% +0.61
FDX FedEx Corp. Add +65.2% 1.05% +0.61
HAS Hasbro Inc. Add +106.0% 0.90% +0.59
ETN Eaton Corp. PLC New 0.58% +0.58
WMB Williams Cos Inc. New 0.57% +0.57
NTAP Netapp Inc. Add +267.1% 0.70% +0.57
AMT American Tower Corp. New 0.57% +0.57
MRK Merck & Co. Inc. Add +25.6% 1.18% +0.56
NFLX Netflix Inc. New 0.56% +0.56
IBM Intl Business Machines Corp. New 0.54% +0.54
ADBE Adobe Inc. New 0.53% +0.53
MUSA Murphy USA Inc. Add +383.6% 0.58% +0.50
PLTR Palantir Technologies Inc. Class A Add +2.9% 1.16% +0.49
GDDY GoDaddy Inc. Class A Add +168.7% 0.65% +0.48
AXP American Express Co. Add +47.1% 0.86% +0.48
TXN Texas Instruments Inc. Add +29.1% 1.18% +0.47
GAP The Gap Inc. New 0.46% +0.46
XLE SS Energy Select Sector Add +312.2% 0.55% +0.46
STX Seagate Technology Holdings New 0.44% +0.44
UNH Unitedhealth Group Inc. New 0.43% +0.43
PCAR Paccar Inc. Add +134.5% 0.55% +0.40
FNV Franco-Nevada Corp. Add +91.5% 0.65% +0.40
SPG Simon Property Group Inc. New 0.39% +0.39
OIH Vaneck Oil Services ETF Add +94.2% 0.60% +0.37
HAL Halliburton Co. Add +142.6% 0.53% +0.37

Options Activity Q4 2023 → Q1 2024
STATE STR SPDR S&P 500 ETF T call Sold out 11,317,700 $5.4Bbefore exit
SPDR GOLD TR put Sold out 15,731,300 $3.0Bbefore exit
GLD SPDR Gold Shares put New 13,323,100 $2.7B
SPY SS SPDR S&P 500 ETF Trust-US call New 4,805,200 $2.5B
SPY SS SPDR S&P 500 ETF Trust-US put New 3,046,500 $1.6B
IWM iShares Russell 2000 ETF put New 4,832,400 $1.0B
QQQ Invesco QQQ Trust Series 1 call New 2,144,600 $952.2M
STATE STR SPDR S&P 500 ETF T put Sold out 1,669,100 $793.3Mbefore exit
IAU iShares Gold Trust put New 17,406,400 $731.2M
INVESCO QQQ TR call Sold out 1,752,300 $717.6Mbefore exit
ISHARES TR call Sold out 5,071,300 $695.4Mbefore exit
BROADCOM INC put Sold out 619,100 $691.1Mbefore exit
IWM iShares Russell 2000 ETF call New 2,891,600 $608.1M
APPLE INC call Sold out 2,866,200 $551.8Mbefore exit
ISHARES TR put Sold out 2,705,000 $542.9Mbefore exit
AMD Advanced Micro Devices put New 2,900,500 $523.5M
ISHARES GOLD TR put Sold out 13,004,300 $507.6Mbefore exit
AVGO Broadcom Inc. put New 376,000 $498.4M
MSFT Microsoft Corp. put New 1,125,600 $473.6M
ADVANCED MICRO DEVICES INC put Sold out 3,210,200 $473.2Mbefore exit
NVIDIA CORPORATION put Sold out 943,100 $467.0Mbefore exit
SMCI Super Micro Computer Inc. put New 437,400 $441.8M
NFLX Netflix Inc. put New 710,400 $431.4M
XOM Exxon Mobil Corp. call New 3,692,600 $429.2M
AAPL Apple Inc. call New 2,466,600 $423.0M
GWW WW Grainger Inc. put New 409,600 $416.7M
SPDR SERIES TRUST call Sold out 7,886,600 $413.5Mbefore exit
GOOGL Alphabet Inc. Class A put New 2,607,500 $393.5M
AMERICAN TOWER CORP call Sold out 1,813,300 $391.5Mbefore exit
AMAZON COM INC call Sold out 2,562,700 $389.4Mbefore exit
MICROSOFT CORP call Sold out 1,003,900 $377.5Mbefore exit
CL Colgate-Palmolive Co. call New 4,123,700 $371.3M
XLK SS Technology Select Sector call New 1,761,600 $366.9M
SELECT SECTOR SPDR TR call Sold out 5,546,200 $357.5Mbefore exit
SELECT SECTOR SPDR TR put Sold out 2,561,900 $349.4Mbefore exit
INTEL CORP put Sold out 6,739,600 $338.7Mbefore exit
AMT American Tower Corp. call New 1,689,100 $333.7M
AMZN Amazon.com Inc. call New 1,840,900 $332.1M
GENERAL MTRS CO put Sold out 9,195,300 $330.3Mbefore exit
INVESCO QQQ TR put Sold out 806,000 $330.1Mbefore exit
COLGATE PALMOLIVE CO call Sold out 4,063,000 $323.9Mbefore exit
NIKE INC put Sold out 2,935,500 $318.7Mbefore exit
AEP American Electric Power call New 3,619,000 $311.6M
META PLATFORMS INC put Sold out 876,100 $310.1Mbefore exit
OXY Occidental Petroleum Corp. put New 4,611,500 $299.7M
EXXON MOBIL CORP call Sold out 2,991,900 $299.1Mbefore exit
XLU St Sr Utl SL SE SPDR ETF-Usd call New 4,412,500 $289.7M
UPS United Parcel Service Class B call New 1,923,100 $285.8M
ABBVIE INC call Sold out 1,838,700 $284.9Mbefore exit
SLV iShares Silver Trust put New 12,390,100 $281.9M

Showing the first 50 of 1,746.

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 420$642.1MMSFT, IAU, NFLX, GLD, ORCL
Q1 2026 385$476.2MIAU, GLD, NOW, LYB, MSFT
Q4 2025 350$976.2MTER, COIN, GLW, NKE, XYZ
Q3 2025 390$2.1BXBI, SPY, GDXJ, IGV, STX
Q2 2025 433$4.0BIGV, SMH, XLK, VOO, PWR
Q1 2025 541$4.5BGOOGL, TSLA, AVGO, ORCL, BP
Q4 2024 480$4.1BPLTR, CRM, GWW, NFLX, ORCL
Q3 2024 504$4.3BXLF, INTC, ASML, ITB, IYR
Q2 2024 451$3.4BVST, MU, XLF, NTAP, EL
Q1 2024 382$4.4BMU, SMCI, XLF, NVDA, IWM