Twin Tree Management, LP Q3 2025 Filing

Filed November 13, 2025

Portfolio Value

$24.0B

Holdings

751

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (751 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	SPYSSGA ACTIVE TRUST	3,481,800	$2.3B	9.65%	Put
2	GQ9SPDR GOLD TRUST	4,584,407	$1.6B	6.78%	Put
3	IAU*BLACKROCK INSTITUTIONAL TRUS	9,059,400	$659.3M	2.74%	Put
4	AAPLAPPLE INC	1,593,000	$405.6M	1.69%	Put
5	MUMICRON TECHNOLOGY INC.	1,877,997	$314.2M	1.31%	Put
6	TSLATESLA INC	700,370	$311.5M	1.30%	Put
7	AMDADVANCED MICRO DEVICES INC.	1,834,600	$296.8M	1.23%	Put
8	ORCLORACLE CORP.	835,100	$234.9M	0.98%	Put
9	SOXXBLACKROCK INSTITUTIONAL TRUS	793,110	$215.0M	0.89%	Put
10	AMATAPPLIED MATERIALS INC.	974,778	$199.6M	0.83%	Put
11	XLVSSGA ACTIVE TRUST	1,425,800	$198.4M	0.83%	Put
12	GDXVANECK ETF TRUST	2,436,300	$186.1M	0.77%	Put
13	ASMLASML HOLDING NV	191,100	$185.0M	0.77%	Put
14	DELLDELL TECHNOLOGIES INC	1,253,600	$177.7M	0.74%	Put
15	IBMINTERNATIONAL BUSINESS MACHI	623,787	$176.0M	0.73%	Put
16	SLVBLACKROCK INSTITUTIONAL TRUS	4,105,591	$174.0M	0.72%	Put
17	ANETARISTA NETWORKS INC	1,156,300	$168.5M	0.70%	Put
18	AMGNAMGEN INC.	591,450	$166.9M	0.69%	Put
19	MCDMCDONALD`S CORP	516,800	$157.1M	0.65%	Put
20	GOOGLALPHABET INC	643,663	$156.5M	0.65%	Put
21	CRWDCROWDSTRIKE HOLDINGS INC	296,700	$145.5M	0.61%	Put
22	ARMARM HOLDINGS PLC.	1,008,894	$142.7M	0.59%	Put
23	NKENIKE, INC.	2,027,895	$141.4M	0.59%	Put
24	METAMETA PLATFORMS INC	191,154	$140.4M	0.58%	Put
25	PANWPALO ALTO NETWORKS INC	679,100	$138.3M	0.58%	Put
26	SOFISOFI TECHNOLOGIES INC	5,159,674	$136.3M	0.57%	Put
27	LLYLILLY(ELI) & CO	175,406	$133.8M	0.56%	Put
28	JNJJOHNSON & JOHNSON	720,400	$133.6M	0.56%	Put
29	APPAPPLOVIN CORP	176,900	$127.1M	0.53%	Put
30	AVGOBROADCOM INC	369,570	$121.9M	0.51%	Put
31	EFABLACKROCK INSTITUTIONAL TRUS	1,305,400	$121.9M	0.51%	Put
32	DONSSGA ACTIVE TRUST	250,786	$116.3M	0.48%	Put
33	ALABASTERA LABS INC.	579,300	$113.4M	0.47%	Put
34	COINCOINBASE GLOBAL INC	331,495	$111.9M	0.47%	Put
35	CVSCVS HEALTH CORP	1,465,208	$110.5M	0.46%	Put
36	ADBEADOBE INC	311,836	$110.0M	0.46%	Put
37	AEMAGNICO EAGLE MINES LTD	629,753	$106.2M	0.44%	Put
38	SNOWSNOWFLAKE INC	463,900	$104.6M	0.44%	Put
39	SHOPSHOPIFY INC	697,085	$103.6M	0.43%	Put
40	UBSUBS GROUP AG	2,496,300	$102.3M	0.43%	Put
41	MSFTMICROSOFT CORPORATION	197,300	$102.2M	0.43%	Call
42	TSMTAIWAN SEMICONDUCTOR MANUFAC	351,928	$98.3M	0.41%	Put
43	VEEVVEEVA SYSTEMS INC	323,100	$96.3M	0.40%	Put
44	PLTRPALANTIR TECHNOLOGIES INC	526,200	$96.0M	0.40%	Put
45	NFLXNETFLIX INC.	79,791	$95.7M	0.40%	Put
46	MRVLMARVELL TECHNOLOGY INC	1,133,494	$95.3M	0.40%	Put
47	GSGOLDMAN SACHS GROUP, INC.	119,429	$95.1M	0.40%	Put
48	TMUST-MOBILE US INC	395,404	$94.7M	0.39%	Put
49	XLKSSGA ACTIVE TRUST	335,592	$94.6M	0.39%	Put
50	BACVERIZON COMMUNICATIONS INC	2,091,300	$91.9M	0.38%	Call
51	IGVBLACKROCK INSTITUTIONAL TRUS	798,595	$91.8M	0.38%	Put
52	GDXJVANECK ETF TRUST	920,674	$91.2M	0.38%	Put
53	LULULULULEMON ATHLETICA INC.	479,025	$85.2M	0.35%	Put
54	SMHVANECK ETF TRUST	255,112	$83.3M	0.35%	Put
55	QCOMQUALCOMM, INC.	498,212	$82.9M	0.34%	Put
56	CSCOCISCO SYSTEMS, INC.	1,210,218	$82.8M	0.34%	Put
57	AEPAMERICAN ELECTRIC POWER COMP	723,100	$81.3M	0.34%	Call
58	UNPUNION PACIFIC CORP.	342,800	$81.0M	0.34%	Put
59	MCHPMICROCHIP TECHNOLOGY, INC.	1,254,800	$80.6M	0.34%	Put
60	EBAEBAY INC.	882,583	$80.3M	0.33%	Put
61	TMTOYOTA MOTOR CORPORATION	419,881	$80.2M	0.33%	Put
62	SBUXSTARBUCKS CORP.	946,526	$80.1M	0.33%	Put
63	BRK/BBERKSHIRE HATHAWAY INC.	156,200	$78.5M	0.33%	Put
64	MTDMETTLER-TOLEDO INTERNATIONAL	63,600	$78.1M	0.32%	Call
65	JPMJPMORGAN CHASE & CO.	245,100	$77.3M	0.32%	Put
66	STXSEAGATE TECHNOLOGY HOLDINGS	317,197	$74.9M	0.31%	Put
67	APHAMPHENOL CORP.	582,662	$72.1M	0.30%	Put
68	AMZNAMAZON.COM INC.	328,235	$72.1M	0.30%	Call
69	GLWCORNING, INC.	875,054	$71.8M	0.30%	Put
70	AUANGLOGOLD ASHANTI PLC.	1,020,228	$71.8M	0.30%	Put
71	INTUINTUIT INC	105,059	$71.7M	0.30%	Call
72	XRTSPDR SERIES TRUST	825,181	$71.1M	0.30%	Put
73	HDHOME DEPOT, INC.	175,506	$71.1M	0.30%	Put
74	ABBVABBVIE INC	305,300	$70.7M	0.29%	Call
75	CMCSACOMCAST CORP	2,245,100	$70.5M	0.29%	Call
76	CPNGCOUPANG INC	2,167,791	$69.8M	0.29%	Put
77	XYZBLOCK INC	949,469	$68.6M	0.29%	Put
78	PAASPAN AMERICAN SILVER CORP	1,756,180	$68.0M	0.28%	Put
79	WDAYWORKDAY INC	281,624	$67.8M	0.28%	Put
80	NVDANVIDIA CORP	363,200	$67.8M	0.28%	Put
81	XBISPDR SERIES TRUST	673,287	$67.5M	0.28%	Put
82	DDOGDATADOG INC	464,116	$66.1M	0.27%	Put
83	WFCWELLS FARGO & CO.	775,900	$65.0M	0.27%	Call
84	TXNTEXAS INSTRUMENTS INC.	350,277	$64.4M	0.27%	Put
85	NEENEXTERA ENERGY INC	830,004	$62.7M	0.26%	Put
86	XLUSSGA ACTIVE TRUST	716,800	$62.5M	0.26%	Put
87	TTDTRADE DESK INC	1,266,692	$62.1M	0.26%	Put
88	ALCALCON INC.	831,846	$62.0M	0.26%	Put
89	CHRWC.H. ROBINSON WORLDWIDE, INC	467,600	$61.9M	0.26%	Put
90	DISWALT DISNEY CO (THE)	526,500	$60.3M	0.25%	Put
91	CNRCANADIAN NATIONAL RAILWAY CO	620,478	$58.5M	0.24%	Put
92	CVNACARVANA CO.	154,200	$58.2M	0.24%	Call
93	LRCXLAM RESEARCH CORP.	432,132	$57.9M	0.24%	Put
94	ZMZOOM COMMUNICATIONS INC.	701,300	$57.9M	0.24%	Put
95	SOLVSOLVENTUM CORP	773,100	$56.4M	0.23%	Put
96	TMOTHERMO FISHER SCIENTIFIC INC	115,513	$56.0M	0.23%	Put
97	APDAIR PRODUCTS & CHEMICALS INC	203,100	$55.4M	0.23%	Call
98	DUKDUKE ENERGY CORP.	445,200	$55.1M	0.23%	Put
99	PINSPINTEREST INC	1,670,449	$53.7M	0.22%	Put
100	ATDATI INC	658,200	$53.5M	0.22%	Put

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