Twin Tree Management, LP

Q3 2025 13F-HR Holdings

Location
Dallas, TX
Holdings as of
9/30/2025
Date filed
11/13/2025
Form type
13F-HR
Num holdings
1,413
Total value ($000)
$24,044,708
Net value change ($000)
-29,639,786 (-55.2%)
New positions
153
Sold out positions
196
Turnover %
79.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 7/28/2025 Next filing: 2/11/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
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)
SPY 58,690 NEW
STX 40,366 NEW
XBI 36,258 118.9%
GDXJ 26,696 122.5%
KLAC 25,509 27137.2%
COIN 24,669 NEW
CVS 20,597 NEW
GOOGL 20,484 NEW
GLW 19,656 116.1%
META 18,913 NEW
Top Reduces (Value $000, Stocks/ETFs)
VOO -69,125 -94.2%
PWR -67,931 -99.2%
IGV -56,882 -57.1%
XLK -51,289 -66.0%
SMH -50,396 -63.1%
HPE -46,473 -100.0%
RCL -45,556 -90.6%
HWM -44,920 -73.3%
LULU -40,515 -82.5%
CDNS -38,888 -90.9%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 21,902,887 (91.1% 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