Twin Tree Management, LP Q4 2025 Filing
Filed February 11, 2026
Portfolio Value
$11.5B
Holdings
716
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (716 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF TR | 1,217,388 | $830.2M | 7.24% | Put |
| 2 | GQ9SPDR GOLD TR | 1,798,291 | $712.7M | 6.22% | Put |
| 3 | IAU*ISHARES GOLD TR | 2,685,500 | $218.0M | 1.90% | Put |
| 4 | MUMICRON TECHNOLOGY INC | 591,894 | $168.9M | 1.47% | Put |
| 5 | JPMJPMORGAN CHASE & CO. | 444,733 | $143.3M | 1.25% | Put |
| 6 | AMGNAMGEN INC | 416,500 | $136.3M | 1.19% | Put |
| 7 | TSLATESLA INC | 249,700 | $112.3M | 0.98% | Put |
| 8 | GOOGLALPHABET INC | 338,100 | $105.8M | 0.92% | Put |
| 9 | NKENIKE INC | 1,642,027 | $104.6M | 0.91% | Put |
| 10 | AAPLAPPLE INC | 376,000 | $102.2M | 0.89% | Put |
| 11 | AMATAPPLIED MATLS INC | 370,600 | $95.2M | 0.83% | Put |
| 12 | GLWCORNING INC | 1,063,361 | $93.1M | 0.81% | Put |
| 13 | GSGOLDMAN SACHS GROUP INC | 105,647 | $92.9M | 0.81% | Put |
| 14 | CSCOCISCO SYS INC | 1,200,630 | $92.5M | 0.81% | Put |
| 15 | GDXVANECK ETF TRUST | 999,439 | $85.7M | 0.75% | Put |
| 16 | TERTERADYNE INC | 431,174 | $83.5M | 0.73% | Put |
| 17 | UPSUNITED PARCEL SERVICE INC | 840,200 | $83.3M | 0.73% | Put |
| 18 | IWMISHARES TR | 318,400 | $78.4M | 0.68% | Put |
| 19 | BRK/BBERKSHIRE HATHAWAY INC DEL | 155,400 | $78.1M | 0.68% | Put |
| 20 | AVGOBROADCOM INC | 213,200 | $73.8M | 0.64% | Put |
| 21 | LRCXLAM RESEARCH CORP | 423,800 | $72.5M | 0.63% | Put |
| 22 | TMOTHERMO FISHER SCIENTIFIC INC | 122,300 | $70.9M | 0.62% | Put |
| 23 | CVSCVS HEALTH CORP | 883,600 | $70.1M | 0.61% | Put |
| 24 | CRWDCROWDSTRIKE HLDGS INC | 144,830 | $67.9M | 0.59% | Put |
| 25 | AMDADVANCED MICRO DEVICES INC | 315,527 | $67.6M | 0.59% | Put |
| 26 | SOXXISHARES TR | 222,848 | $67.1M | 0.59% | Put |
| 27 | COINCOINBASE GLOBAL INC | 291,980 | $66.0M | 0.58% | Put |
| 28 | MCDMCDONALDS CORP | 208,120 | $63.6M | 0.55% | Put |
| 29 | PFEPFIZER INC | 2,425,100 | $60.4M | 0.53% | Put |
| 30 | JNJJOHNSON & JOHNSON | 286,508 | $59.3M | 0.52% | Put |
| 31 | XYZBLOCK INC | 881,701 | $57.4M | 0.50% | Put |
| 32 | OREALTY INCOME CORP | 1,013,600 | $57.1M | 0.50% | Call |
| 33 | BMYBRISTOL-MYERS SQUIBB CO | 1,053,021 | $56.8M | 0.50% | Put |
| 34 | ARMARM HOLDINGS PLC | 516,379 | $56.4M | 0.49% | Put |
| 35 | NEENEXTERA ENERGY INC | 697,400 | $56.0M | 0.49% | Put |
| 36 | EFAISHARES TR | 582,500 | $55.9M | 0.49% | Put |
| 37 | BBARRICK MNG CORP | 1,282,965 | $55.9M | 0.49% | Put |
| 38 | LMTLOCKHEED MARTIN CORP | 115,303 | $55.8M | 0.49% | Put |
| 39 | ISRGINTUITIVE SURGICAL INC | 93,607 | $53.0M | 0.46% | Put |
| 40 | CEGCONSTELLATION ENERGY CORP | 146,676 | $51.8M | 0.45% | Put |
| 41 | KLACKLA CORP | 42,356 | $51.5M | 0.45% | Put |
| 42 | PAASPAN AMERN SILVER CORP | 991,915 | $51.4M | 0.45% | Put |
| 43 | APHAMPHENOL CORP | 372,200 | $50.3M | 0.44% | Put |
| 44 | DELLDELL TECHNOLOGIES INC | 398,655 | $50.2M | 0.44% | Put |
| 45 | AMZNAMAZON COM INC | 217,086 | $50.1M | 0.44% | Put |
| 46 | TEAMATLASSIAN CORPORATION | 305,406 | $49.5M | 0.43% | Put |
| 47 | FCXFREEPORT-MCMORAN INC | 969,000 | $49.2M | 0.43% | Put |
| 48 | MRVLMARVELL TECHNOLOGY INC | 574,684 | $48.8M | 0.43% | Put |
| 49 | BXBLACKSTONE INC | 311,100 | $48.0M | 0.42% | Put |
| 50 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 157,704 | $47.9M | 0.42% | Put |
| 51 | ORCLORACLE CORP | 245,018 | $47.8M | 0.42% | Put |
| 52 | LLYELI LILLY & CO | 44,100 | $47.4M | 0.41% | Put |
| 53 | ZMZOOM COMMUNICATIONS INC | 546,300 | $47.1M | 0.41% | Put |
| 54 | ADBEADOBE INC | 133,200 | $46.6M | 0.41% | Put |
| 55 | PANWPALO ALTO NETWORKS INC | 248,145 | $45.7M | 0.40% | Put |
| 56 | ASMLASML HOLDING N V | 42,489 | $45.5M | 0.40% | Put |
| 57 | ACNACCENTURE PLC IRELAND | 168,729 | $45.3M | 0.39% | Put |
| 58 | IBMINTERNATIONAL BUSINESS MACHS | 148,585 | $44.0M | 0.38% | Put |
| 59 | GEVGE VERNOVA INC | 65,062 | $42.5M | 0.37% | Put |
| 60 | LVSLAS VEGAS SANDS CORP | 648,000 | $42.2M | 0.37% | Put |
| 61 | SLVISHARES SILVER TR | 652,459 | $42.0M | 0.37% | Put |
| 62 | TAT&T INC | 1,660,600 | $41.2M | 0.36% | Put |
| 63 | CRMSALESFORCE INC | 152,743 | $40.5M | 0.35% | Put |
| 64 | CCOCAMECO CORP | 440,027 | $40.3M | 0.35% | Put |
| 65 | HOODROBINHOOD MKTS INC | 355,300 | $40.2M | 0.35% | Put |
| 66 | ATDATI INC | 345,300 | $39.6M | 0.35% | Put |
| 67 | HWMHOWMET AEROSPACE INC | 189,100 | $38.8M | 0.34% | Put |
| 68 | NOWSERVICENOW INC | 252,948 | $38.7M | 0.34% | Put |
| 69 | IGVISHARES TR | 357,253 | $37.8M | 0.33% | Put |
| 70 | SNOWSNOWFLAKE INC | 170,109 | $37.3M | 0.33% | Put |
| 71 | CVNACARVANA CO | 88,300 | $37.3M | 0.33% | Put |
| 72 | MKLMARKEL GROUP INC | 17,000 | $36.5M | 0.32% | Put |
| 73 | ROKUROKU INC | 334,900 | $36.3M | 0.32% | Put |
| 74 | SHOPSHOPIFY INC | 222,800 | $35.9M | 0.31% | Put |
| 75 | UNPUNION PAC CORP | 154,743 | $35.8M | 0.31% | Put |
| 76 | XOMEXXON MOBIL CORP | 295,600 | $35.6M | 0.31% | Put |
| 77 | MDBMONGODB INC | 83,398 | $35.0M | 0.31% | Put |
| 78 | CIENCIENA CORP | 149,285 | $34.9M | 0.30% | Put |
| 79 | ELLAUDER ESTEE COS INC | 326,900 | $34.2M | 0.30% | Put |
| 80 | URIUNITED RENTALS INC | 41,777 | $33.8M | 0.29% | Put |
| 81 | KGCKINROSS GOLD CORP | 1,188,168 | $33.5M | 0.29% | Put |
| 82 | AEMAGNICO EAGLE MINES LTD | 197,340 | $33.5M | 0.29% | Put |
| 83 | NDQINVESCO QQQ TR | 54,105 | $33.2M | 0.29% | Put |
| 84 | METAMETA PLATFORMS INC | 49,849 | $32.9M | 0.29% | Put |
| 85 | DALDELTA AIR LINES INC DEL | 474,000 | $32.9M | 0.29% | Put |
| 86 | TPRTAPESTRY INC | 255,619 | $32.7M | 0.28% | Put |
| 87 | IBKRINTERACTIVE BROKERS GROUP IN | 492,981 | $31.7M | 0.28% | Put |
| 88 | EWEDWARDS LIFESCIENCES CORP | 369,200 | $31.5M | 0.27% | Put |
| 89 | PSTGPURE STORAGE INC | 469,341 | $31.4M | 0.27% | Put |
| 90 | APDAIR PRODS & CHEMS INC | 126,700 | $31.3M | 0.27% | Call |
| 91 | TXNTEXAS INSTRS INC | 180,140 | $31.3M | 0.27% | Put |
| 92 | ROSTROSS STORES INC | 172,800 | $31.1M | 0.27% | Put |
| 93 | APPAPPLOVIN CORP | 46,120 | $31.1M | 0.27% | Put |
| 94 | KKRKKR & CO INC | 242,500 | $30.9M | 0.27% | Put |
| 95 | ALABASTERA LABS INC | 185,698 | $30.9M | 0.27% | Put |
| 96 | 7HPHP INC | 1,377,600 | $30.7M | 0.27% | Put |
| 97 | PLTRPALANTIR TECHNOLOGIES INC | 172,600 | $30.7M | 0.27% | Put |
| 98 | TMTOYOTA MOTOR CORP | 142,500 | $30.5M | 0.27% | Put |
| 99 | CITHE CIGNA GROUP | 110,803 | $30.5M | 0.27% | Put |
| 100 | CRCCANADIAN NAT RES LTD | 875,988 | $29.7M | 0.26% | Put |
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