Twin Tree Management, LP Q1 2025 Filing

Filed May 15, 2025

Portfolio Value

$53.1B

Holdings

838

Report Date

Q1 2025

Filing Type

13F-HR

All Holdings (838 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	SPYSPDR S&P 500 ETF TR	27,053,300	$15.1B	28.52%	Put
2	GQ9SPDR GOLD TR	8,148,183	$2.3B	4.43%	Put
3	NDQINVESCO QQQ TR	3,253,600	$1.5B	2.88%	Put
4	DONSPDR DOW JONES INDL AVERAGE	2,075,406	$871.4M	1.64%	Put
5	AAPLAPPLE INC	3,380,200	$750.8M	1.42%	Put
6	XLVSELECT SECTOR SPDR TR	3,866,278	$564.5M	1.06%	Put
7	SMHVANECK ETF TRUST	2,587,369	$547.2M	1.03%	Put
8	SOXXISHARES TR	2,838,629	$534.1M	1.01%	Put
9	IAU*ISHARES GOLD TR	8,105,900	$477.9M	0.90%	Put
10	NFLXNETFLIX INC	482,000	$449.5M	0.85%	Put
11	GDXVANECK ETF TRUST	8,945,658	$411.2M	0.78%	Put
12	SLVISHARES SILVER TR	12,537,200	$388.5M	0.73%	Put
13	IWMISHARES TR	1,945,764	$388.2M	0.73%	Put
14	BRK/BBERKSHIRE HATHAWAY INC DEL	694,200	$369.7M	0.70%	Put
15	GOOGLALPHABET INC	2,364,921	$365.7M	0.69%	Put
16	AVGOBROADCOM INC	2,120,321	$355.0M	0.67%	Put
17	AMGNAMGEN INC	1,113,200	$346.8M	0.65%	Put
18	HDHOME DEPOT INC	943,000	$345.6M	0.65%	Call
19	TSLATESLA INC	1,303,636	$337.9M	0.64%	Put
20	AMZNAMAZON COM INC	1,669,156	$317.6M	0.60%	Put
21	GWWGRAINGER W W INC	320,435	$316.5M	0.60%	Put
22	TXNTEXAS INSTRS INC	1,725,942	$310.2M	0.58%	Put
23	ADBEADOBE INC	800,918	$307.2M	0.58%	Put
24	METAMETA PLATFORMS INC	505,000	$291.1M	0.55%	Put
25	ORCLORACLE CORP	2,026,894	$283.4M	0.53%	Put
26	PGPROCTER AND GAMBLE CO	1,625,000	$276.9M	0.52%	Put
27	MUMICRON TECHNOLOGY INC	3,164,856	$275.0M	0.52%	Put
28	FDXFEDEX CORP	1,077,306	$262.6M	0.49%	Put
29	XLKSELECT SECTOR SPDR TR	1,247,700	$257.6M	0.49%	Put
30	NKENIKE INC	4,006,009	$254.3M	0.48%	Put
31	AMDADVANCED MICRO DEVICES INC	2,324,729	$238.8M	0.45%	Put
32	COSTCOSTCO WHSL CORP NEW	244,078	$230.8M	0.44%	Put
33	UNPUNION PAC CORP	960,000	$226.8M	0.43%	Call
34	PLTRPALANTIR TECHNOLOGIES INC	2,616,000	$220.8M	0.42%	Put
35	CVXCHEVRON CORP NEW	1,312,000	$219.5M	0.41%	Put
36	BACVERIZON COMMUNICATIONS INC	4,689,300	$212.7M	0.40%	Put
37	XOMEXXON MOBIL CORP	1,762,100	$209.6M	0.39%	Call
38	ABBVABBVIE INC	984,500	$206.3M	0.39%	Put
39	NEMNEWMONT CORP	4,244,862	$204.9M	0.39%	Put
40	8CWCROWN CASTLE INC	1,925,800	$200.7M	0.38%	Put
41	LULULULULEMON ATHLETICA INC	686,260	$194.3M	0.37%	Put
42	BABOEING CO	1,109,230	$189.2M	0.36%	Put
43	SBUXSTARBUCKS CORP	1,922,925	$188.6M	0.36%	Put
44	ABNBAIRBNB INC	1,563,123	$186.7M	0.35%	Put
45	XYZBLOCK INC	3,352,141	$182.1M	0.34%	Put
46	CVSCVS HEALTH CORP	2,569,191	$174.1M	0.33%	Put
47	LLYELI LILLY & CO	207,267	$171.2M	0.32%	Put
48	NVDANVIDIA CORPORATION	1,551,954	$168.2M	0.32%	Put
49	BXBLACKSTONE INC	1,202,100	$168.0M	0.32%	Put
50	ETNEATON CORP PLC	617,791	$167.9M	0.32%	Put
51	CRMSALESFORCE INC	621,715	$166.8M	0.31%	Put
52	CRWDCROWDSTRIKE HLDGS INC	470,772	$166.0M	0.31%	Put
53	QCOMQUALCOMM INC	1,056,435	$162.3M	0.31%	Put
54	TMOTHERMO FISHER SCIENTIFIC INC	319,100	$158.8M	0.30%	Put
55	SUSUNCOR ENERGY INC NEW	4,088,950	$158.3M	0.30%	Put
56	MIGAMICROSTRATEGY INC	540,785	$155.9M	0.29%	Put
57	MRVLMARVELL TECHNOLOGY INC	2,398,229	$147.7M	0.28%	Put
58	JNJJOHNSON & JOHNSON	884,200	$146.6M	0.28%	Put
59	TMUST-MOBILE US INC	538,122	$143.5M	0.27%	Put
60	ARMARM HOLDINGS PLC	1,343,968	$143.5M	0.27%	Put
61	CATCATERPILLAR INC	431,834	$142.4M	0.27%	Put
62	XLUSELECT SECTOR SPDR TR	1,803,552	$142.2M	0.27%	Put
63	URIUNITED RENTALS INC	226,784	$142.1M	0.27%	Put
64	TRVCCITIGROUP INC	1,988,100	$141.1M	0.27%	Put
65	DUKDUKE ENERGY CORP NEW	1,086,500	$132.5M	0.25%	Call
66	SHOPSHOPIFY INC	1,375,494	$131.3M	0.25%	Put
67	VEEVVEEVA SYS INC	554,500	$128.4M	0.24%	Put
68	DECKDECKERS OUTDOOR CORP	1,142,685	$127.8M	0.24%	Put
69	CVNACARVANA CO	607,600	$127.0M	0.24%	Put
70	OKTAOKTA INC	1,190,286	$125.2M	0.24%	Put
71	INTUINTUIT	202,696	$124.5M	0.23%	Put
72	GSGOLDMAN SACHS GROUP INC	224,385	$122.6M	0.23%	Put
73	DELLDELL TECHNOLOGIES INC	1,344,298	$122.5M	0.23%	Put
74	CEGCONSTELLATION ENERGY CORP	598,350	$120.6M	0.23%	Put
75	AMATAPPLIED MATLS INC	827,618	$120.1M	0.23%	Put
76	TEAMATLASSIAN CORPORATION	524,401	$111.3M	0.21%	Put
77	BPBP PLC	3,286,550	$111.1M	0.21%	Put
78	LRCXLAM RESEARCH CORP	1,521,287	$110.6M	0.21%	Put
79	REEVEREST GROUP LTD	303,491	$110.3M	0.21%	Put
80	AG8AGILENT TECHNOLOGIES INC	932,767	$109.1M	0.21%	Put
81	DYHTARGET CORP	1,028,987	$107.4M	0.20%	Put
82	APPAPPLOVIN CORP	397,100	$105.2M	0.20%	Put
83	FCXFREEPORT-MCMORAN INC	2,778,956	$105.2M	0.20%	Put
84	ZMZOOM COMMUNICATIONS INC	1,417,044	$104.5M	0.20%	Put
85	EXPEEXPEDIA GROUP INC	616,829	$103.7M	0.20%	Put
86	SOSOUTHERN CO	1,119,300	$102.9M	0.19%	Call
87	PFEPFIZER INC	4,001,354	$101.4M	0.19%	Put
88	ULTAULTA BEAUTY INC	274,042	$100.4M	0.19%	Put
89	QSRRESTAURANT BRANDS INTL INC	1,484,600	$98.9M	0.19%	Call
90	CDNSCADENCE DESIGN SYSTEM INC	382,026	$97.2M	0.18%	Put
91	COINCOINBASE GLOBAL INC	562,782	$96.9M	0.18%	Put
92	CFCF INDS HLDGS INC	1,234,900	$96.5M	0.18%	Put
93	XBISPDR SER TR	1,188,196	$96.4M	0.18%	Put
94	TSMTAIWAN SEMICONDUCTOR MFG LTD	569,284	$94.5M	0.18%	Put
95	EFAISHARES TR	1,139,042	$93.1M	0.18%	Put
96	FNVFRANCO NEV CORP	589,518	$92.9M	0.18%	Put
97	NEENEXTERA ENERGY INC	1,247,200	$88.4M	0.17%	Call
98	EOGEOG RES INC	682,400	$87.5M	0.16%	Put
99	APDAIR PRODS & CHEMS INC	295,940	$87.3M	0.16%	Put
100	ADIANALOG DEVICES INC	431,641	$87.0M	0.16%	Put

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