Twin Tree Management, LP

Q1 2014 13F-HR Holdings

Location
Dallas, TX
Holdings as of
3/31/2014
Date filed
5/15/2014
Form type
13F-HR
Num holdings
539
Total value ($000)
$265,135
Net value change ($000)
+14,988 (6.0%)
New positions
86
Sold out positions
85
Turnover %
84.1%
Sector allocation + QoQ delta (equities-only)

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
BMY 4,554 677.7%
C 4,262 NEW
ENCANA CORP 3,807 NEW
FOREST LAB 3,418 86.2%
STX 3,191 NEW
PBR 3,122 180.4%
IBM 3,091 NEW
VOD 3,037 NEW
AZN 2,919 NEW
CHINA MOBILE LIMITED 2,841 255.5%
Top Reduces (Value $000, Stocks/ETFs)
INVSC QQQ TRUST SRS 1 ETF -13,528 -100.0%
FE -5,419 -100.0%
Time Warner Cable -3,969 -100.0%
JNJ -3,624 -100.0%
HRI -3,565 -100.0%
MU -3,414 -100.0%
SPY -3,306 -100.0%
TMUS -3,031 -100.0%
ADM -2,789 -100.0%
Dow Chemical Company -2,637 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 36,003 (13.6% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type