Twin Tree Management, LP Q4 2025 Filing

Filed February 11, 2026

Portfolio Value

$11.5T

Holdings

716

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (716 positions)

#StockSharesValue% PortfolioType
201
LVLNSPDR SERIES TRUST
218,612$14.2B0.12%Put
202
SCHDSCHWAB STRATEGIC TR
512,300$14.1B0.12%Call
203
MCXMCCORMICK & CO INC
206,200$14.0B0.12%Call
204
FIXCOMFORT SYS USA INC
14,946$13.9B0.12%Call
205
QCOMQUALCOMM INC
81,400$13.9B0.12%Put
206
DHID R HORTON INC
96,300$13.9B0.12%Put
207
DLTRDOLLAR TREE INC
112,300$13.8B0.12%Put
208
DASHDOORDASH INC
61,000$13.8B0.12%Put
209
GEGE AEROSPACE
44,716$13.8B0.12%Put
210
ALNYALNYLAM PHARMACEUTICALS INC
34,441$13.7B0.12%Put
211
PATHUIPATH INC
832,154$13.6B0.12%Put
212
XLFISELECT SECTOR SPDR TR
175,446$13.6B0.12%Call
213
HDHOME DEPOT INC
39,600$13.6B0.12%Call
214
CUCAAVIS BUDGET GROUP
103,907$13.3B0.12%Put
215
UALUNITED AIRLS HLDGS INC
118,300$13.2B0.12%Put
216
MTBM & T BK CORP
65,200$13.1B0.11%Call
217
PHMPULTE GROUP INC
111,700$13.1B0.11%Put
218
LKQ1LKQ CORP
433,462$13.1B0.11%Put
219
KDKYNDRYL HLDGS INC
491,600$13.1B0.11%Put
220
MSFTMICROSOFT CORP
26,800$13.0B0.11%Call
221
MTDRMATADOR RES CO
305,393$13.0B0.11%Put
222
ALLYALLY FINL INC
284,300$12.9B0.11%Put
223
AFRMAFFIRM HLDGS INC
171,443$12.8B0.11%Put
224
BCEBCE INC
532,837$12.7B0.11%Put
225
ETNEATON CORP PLC
39,713$12.6B0.11%Put
226
KNSLKINSALE CAP GROUP INC
32,265$12.6B0.11%Put
227
NTAPNETAPP INC
117,400$12.6B0.11%Put
228
BJBJS WHSL CLUB HLDGS INC
139,632$12.6B0.11%Put
229
HLTHILTON WORLDWIDE HLDGS INC
43,726$12.6B0.11%Put
230
OKTAOKTA INC
144,901$12.5B0.11%Put
231
IFFINTERNATIONAL FLAVORS&FRAGRA
185,600$12.5B0.11%Call
232
FNDFLOOR & DECOR HLDGS INC
202,810$12.3B0.11%Put
233
XLKSELECT SECTOR SPDR TR
85,600$12.3B0.11%Call
234
ELFE L F BEAUTY INC
161,572$12.3B0.11%Put
235
RTXRTX CORPORATION
66,400$12.2B0.11%Call
236
KNXKNIGHT-SWIFT TRANSN HLDGS IN
232,300$12.1B0.11%Put
237
BBYBEST BUY INC
180,921$12.1B0.11%Put
238
STZCONSTELLATION BRANDS INC
87,721$12.1B0.11%Put
239
THCTENET HEALTHCARE CORP
60,400$12.0B0.10%Put
240
SLBSLB LIMITED
308,039$11.8B0.10%Put
241
TEMTEMPUS AI INC
199,205$11.8B0.10%Put
242
EWZISHARES INC
369,630$11.7B0.10%Put
243
XLYSELECT SECTOR SPDR TR
97,800$11.7B0.10%Put
244
AMKRAMKOR TECHNOLOGY INC
295,261$11.7B0.10%Put
245
DHRDANAHER CORPORATION
50,700$11.6B0.10%Call
246
GENGEN DIGITAL INC
422,212$11.5B0.10%Put
247
LYBLYONDELLBASELL INDUSTRIES N
264,638$11.5B0.10%Put
248
AMTAMERICAN TOWER CORP NEW
64,800$11.4B0.10%Put
249
HLHECLA MNG CO
591,019$11.3B0.10%Put
250
SNSHARKNINJA INC
100,534$11.2B0.10%Put
251
STLASTELLANTIS N.V
1,029,467$11.2B0.10%Put
252
LULULULULEMON ATHLETICA INC
52,725$11.0B0.10%Put
253
BMTABRITISH AMERN TOB PLC
192,800$10.9B0.10%Put
254
INTUINTUIT
16,300$10.8B0.09%Put
255
LOGILOGITECH INTL S A
106,500$10.7B0.09%Call
256
ALBALBEMARLE CORP
75,306$10.7B0.09%Put
257
AMGAFFILIATED MANAGERS GROUP IN
36,900$10.6B0.09%Call
258
HBC2HSBC HLDGS PLC
133,700$10.5B0.09%Put
259
VOOVANGUARD INDEX FDS
16,686$10.5B0.09%Call
260
ITGARTNER INC
41,350$10.4B0.09%Put
261
FLEXFLEX LTD
171,959$10.4B0.09%Put
262
DGDOLLAR GEN CORP NEW
78,200$10.4B0.09%Put
263
VSTVISTRA CORP
64,343$10.4B0.09%Put
264
CINFCINCINNATI FINL CORP
63,500$10.4B0.09%Call
265
KVUEKENVUE INC
601,008$10.4B0.09%Put
266
PWRQUANTA SVCS INC
24,500$10.3B0.09%Put
267
BCSBARCLAYS PLC
403,900$10.3B0.09%Put
268
NTRNUTRIEN LTD
165,700$10.2B0.09%Call
269
GDXJVANECK ETF TRUST
89,700$10.2B0.09%Call
270
FLUTFLUTTER ENTMT PLC
47,270$10.2B0.09%Put
271
FICOFAIR ISAAC CORP
5,996$10.1B0.09%Put
272
FEFIRSTENERGY CORP
226,300$10.1B0.09%Put
273
LENLENNAR CORP
98,300$10.1B0.09%Call
274
FT2FIRST HORIZON CORPORATION
416,484$10.0B0.09%Put
275
KHCKRAFT HEINZ CO
404,430$9.8B0.09%Call
276
UNMUNUM GROUP
125,400$9.7B0.08%Call
277
PEPPEPSICO INC
67,600$9.7B0.08%Call
278
YUMYUM BRANDS INC
63,000$9.5B0.08%Call
279
CARRCARRIER GLOBAL CORPORATION
179,700$9.5B0.08%Call
280
EXEEXPAND ENERGY CORPORATION
85,900$9.5B0.08%Put
281
OXYOCCIDENTAL PETE CORP
229,326$9.4B0.08%Put
282
IRMIRON MTN INC DEL
113,200$9.4B0.08%Put
283
GPNGLOBAL PMTS INC
121,220$9.4B0.08%Put
284
FDSFACTSET RESH SYS INC
31,975$9.3B0.08%Put
285
GISGENERAL MLS INC
198,900$9.2B0.08%Call
286
DKNGDRAFTKINGS INC NEW
268,308$9.2B0.08%Put
287
SMHVANECK ETF TRUST
25,640$9.2B0.08%Put
288
WYNNWYNN RESORTS LTD
76,726$9.2B0.08%Put
289
BHPBHP GROUP LTD
152,000$9.2B0.08%Put
290
JBHTHUNT J B TRANS SVCS INC
46,800$9.1B0.08%Put
291
EIXEDISON INTL
151,256$9.1B0.08%Put
292
CFCF INDS HLDGS INC
117,239$9.1B0.08%Put
293
CHWYCHEWY INC
274,145$9.1B0.08%Put
294
CTRACOTERRA ENERGY INC
343,170$9.0B0.08%Put
295
UUNITY SOFTWARE INC
204,048$9.0B0.08%Put
296
FIVEFIVE BELOW INC
47,684$9.0B0.08%Put
297
PYPLPAYPAL HLDGS INC
153,386$9.0B0.08%Put
298
DOWDOW INC
382,435$8.9B0.08%Put
299
ANETARISTA NETWORKS INC
68,200$8.9B0.08%Put
300
SJMSMUCKER J M CO
90,500$8.9B0.08%Call
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