Skip to main content
Livermore
Livermore
ZHEN

Twin Tree Management, LP

SEC CIK
0001535588
Latest filing
Aug 12, 2026

Holdings in Q3 2022

Holdings as of Sep 30, 2022, filed Nov 10, 2022. Long positions only; changes compare share counts with Q2 2022.

Institution overview
Positions
445
−117 vs. Q2 2022
Portfolio value
$3.67B
−$1.69B (−31.5%) vs. Q2 2022
Filed
Nov 10, 2022
SEC
Holdings of Twin Tree Management, LP in Q3 2022
SecurityClassSharesValue% of portfolioShare changeActionHistory
Vanguard S&P 500 ETF922908363ETF598,531$196.5M5.4%+598,531New–
VanEck Semiconductor ETF92189F676ETF630,863$116.8M3.2%+160,987+34.3%Added–
NVDANVIDIA CorpStock753,663$91.5M2.5%−31,424−4.0%ReducedHistory
Kraneshares Trust500767306CSI CHI INTERNET2,487,802$61.3M1.7%+1,709,580+219.7%Added–
GOOGLAlphabet Inc.Stock630,037$60.3M1.6%+514,017+443.0%AddedConverted for a 20-for-1 splitHistory
AMDAdvanced Micro Devices IncStock912,286$57.8M1.6%−229,342−20.1%ReducedHistory
METAMeta Platforms, Inc.Stock410,185$55.7M1.5%+14,895+3.8%AddedHistory
CRMSalesforce, Inc.Stock335,195$48.2M1.3%+3,062+0.9%AddedHistory
SHOPShopify Inc.Stock1,569,890$42.3M1.2%−825,858−34.5%ReducedHistory
UBERUber Technologies, IncStock1,561,353$41.4M1.1%−1,053,762−40.3%ReducedHistory
AMZNAmazon Com IncStock360,720$40.8M1.1%−355,576−49.6%ReducedHistory
BNTXBioNTech SESPONSORED ADS301,418$40.7M1.1%+38,788+14.8%AddedHistory
TMOThermo Fisher Scientific Inc.Stock77,084$39.1M1.1%+68,534+801.6%AddedHistory
GMGeneral Motors CoCOM1,210,585$38.8M1.1%−410,625−25.3%ReducedHistory
State Street Health Care Select Sector SPDR ETF81369Y209ETF317,860$38.5M1.0%+317,860New–
LINLinde PLCSHS140,885$38.0M1.0%+69,545+97.5%AddedHistory
AZNAstraZeneca PLCSPONSORED ADR689,813$37.8M1.0%+689,813NewHistory
XYZBlock, Inc.CL A666,277$36.6M1.0%−86,417−11.5%ReducedHistory
iShares Tr46429B671MSCI CHINA ETF857,096$36.5M1.0%+812,804+1,835.1%Added–
ASMLASML Holding NVADR80,106$33.3M0.9%−62,210−43.7%ReducedHistory
iShares Russell 1000 Value ETF464287598ETF239,433$32.6M0.9%+239,433New–
ELEstee Lauder Companies IncCL A145,961$31.5M0.9%+55,798+61.9%AddedHistory
FCXFreeport-McMoran IncStock1,139,019$31.1M0.8%+745,089+189.1%AddedHistory
VanEck ETF Trust92189F791JUNIOR GOLD MINE1,056,457$31.1M0.8%+401,959+61.4%Added–
MRVLMarvell Technology, Inc.COM723,230$31.0M0.8%−478,897−39.8%ReducedHistory
QCOMQualcomm IncStock270,218$30.5M0.8%−81,645−23.2%ReducedHistory
BIIBBiogen Inc.COM113,812$30.4M0.8%+17,208+17.8%AddedHistory
HSBCHSBC Holdings PLCSPON ADR NEW1,149,628$30.0M0.8%+1,149,628NewHistory
iShares Semiconductor ETF464287523ETF87,970$28.0M0.8%−183,573−67.6%Reduced–
SNAPSnap IncStock2,848,152$28.0M0.8%+1,213,765+74.3%AddedHistory
iShares Tr464287739U.S. REAL ES ETF342,577$27.9M0.8%+342,577New–
CRWDCrowdStrike Holdings, Inc.Stock163,737$27.0M0.7%+103,530+172.0%AddedHistory
CDNSCadence Design Systems IncStock158,765$25.9M0.7%+95,251+150.0%AddedHistory
REGNRegeneron Pharmaceuticals, Inc.COM37,634$25.9M0.7%+37,634NewHistory
COSTCostco Wholesale CorpStock54,395$25.7M0.7%−5,571−9.3%ReducedHistory
BPBP PLCADR896,532$25.6M0.7%+521,957+139.3%AddedHistory
ABTAbbott LaboratoriesStock264,087$25.6M0.7%+246,515+1,402.9%AddedHistory
GNRCGenerac Holdings Inc.Stock142,250$25.3M0.7%+73,956+108.3%AddedHistory
PCARPaccar IncCOM295,484$24.7M0.7%+295,484NewHistory
TTDTrade Desk, Inc.Stock405,600$24.2M0.7%−464,628−53.4%ReducedHistory
DISWalt Disney CoStock251,802$23.8M0.6%−80,913−24.3%ReducedHistory
VanEck ETF Trust92189H607OIL SERVICES ETF112,047$23.7M0.6%+85,707+325.4%Added–
iShares Core S&P 500 ETF464287200ETF65,001$23.3M0.6%+65,001New–
MRNAModerna, Inc.Stock193,723$22.9M0.6%−129,566−40.1%ReducedHistory
AVGOBroadcom Inc.Stock47,908$21.3M0.6%+18,480+62.8%AddedHistory
PYPLPayPal Holdings, Inc.Stock242,755$20.9M0.6%+242,755NewHistory
ZSZscaler, Inc.Stock127,034$20.9M0.6%−18,610−12.8%ReducedHistory
OXYOccidental Petroleum CorpStock338,519$20.8M0.6%+338,519NewHistory
KRKroger CoStock466,772$20.4M0.6%+392,332+527.0%AddedHistory
PINSPinterest, Inc.CL A873,956$20.4M0.6%−597,491−40.6%ReducedHistory
SLBSLB LimitedStock555,315$19.9M0.5%+147,848+36.3%AddedHistory
State Street Consumer Discretionary Select Sector SPDR ETF81369Y407ETF139,304$19.8M0.5%+124,301+828.5%Added–
BABoeing CoStock160,454$19.4M0.5%+90,105+128.1%AddedHistory
iShares Russell 1000 Growth ETF464287614ETF92,039$19.4M0.5%−491,968−84.2%Reduced–
RBLXRoblox CorpStock536,110$19.2M0.5%+289,760+117.6%AddedHistory
MARMarriott International IncStock128,706$18.0M0.5%+7,283+6.0%AddedHistory
BRK.BBerkshire Hathaway IncStock67,449$18.0M0.5%+67,449NewHistory
MDBMongoDB, Inc.CL A90,594$18.0M0.5%+20,852+29.9%AddedHistory
CLFCleveland-Cliffs Inc.COM1,316,540$17.7M0.5%+985,722+298.0%AddedHistory
FDXFedEx CorpStock116,950$17.4M0.5%+63,999+120.9%AddedHistory
DKNGDraftKings Inc.Stock1,143,343$17.3M0.5%+1,143,343NewHistory
SEDGSolaredge Technologies, Inc.COM74,376$17.2M0.5%+15,260+25.8%AddedHistory
iShares Tr464287515EXPANDED TECH66,480$16.6M0.5%−61,875−48.2%Reduced–
MRKMerck & Co., Inc.Stock192,253$16.6M0.5%+65,825+52.1%AddedHistory
MKLMarkel Group Inc.COM15,201$16.5M0.4%+6,646+77.7%AddedHistory
ROKURoku, IncCOM CL A291,258$16.4M0.4%+291,258NewHistory
HCAHCA Healthcare, Inc.COM88,877$16.3M0.4%+52,107+141.7%AddedHistory
PLUGPlug Power IncStock755,417$15.9M0.4%−249,095−24.8%ReducedHistory
ONOn Semiconductor CorpStock254,489$15.9M0.4%−409,062−61.6%ReducedHistory
TGTTarget CorpStock102,180$15.2M0.4%+102,180NewHistory
SPGSimon Property Group Inc.REIT168,805$15.2M0.4%−743−0.4%ReducedHistory
SPLKSplunk IncCOM200,655$15.1M0.4%+64,922+47.8%AddedHistory
iShares Tr464287184CHINA LG-CAP ETF572,080$14.8M0.4%+572,080New–
PEPPepsiCo IncStock90,480$14.8M0.4%+90,480NewHistory
NFLXNetflix IncStock62,109$14.6M0.4%−76,535−55.2%ReducedHistory
ALNYAlnylam Pharmaceuticals, Inc.COM72,861$14.6M0.4%+63,421+671.8%AddedHistory
INTUIntuit Inc.Stock37,641$14.6M0.4%+16,547+78.4%AddedHistory
AEMAgnico Eagle Mines LtdStock345,037$14.6M0.4%+146,112+73.5%AddedHistory
SYYSysco CorpStock201,687$14.3M0.4%+201,687NewHistory
HPQHP IncStock555,850$13.9M0.4%−855,353−60.6%ReducedHistory
CMGChipotle Mexican Grill IncCOM9,144$13.7M0.4%+7,837+599.6%AddedHistory
ALBAlbemarle CorpStock51,911$13.7M0.4%−100,293−65.9%ReducedHistory
State Street SPDR S&P Regional Banking ETF78464A698ETF230,474$13.6M0.4%−126,426−35.4%Reduced–
BHPBHP Group LtdADR260,928$13.1M0.4%+260,928NewHistory
RACEFerrari N.V.COM70,033$13.0M0.4%+10,928+18.5%AddedHistory
FSLRFirst Solar, Inc.Stock97,184$12.9M0.4%+91,663+1,660.3%AddedHistory
Barrick Gold Corp067901108COM825,153$12.8M0.3%+676,698+455.8%Added–
DBDeutsche Bank AktiengesellschaftNAMEN AKT1,682,228$12.4M0.3%+1,682,228NewHistory
MCKMcKesson CorpStock35,849$12.2M0.3%−9,152−20.3%ReducedHistory
RGENRepligen CorpCOM63,951$12.0M0.3%+63,951NewHistory
MPWRMonolithic Power Systems, Inc.COM32,921$12.0M0.3%−5,553−14.4%ReducedHistory
AMATApplied Materials IncStock144,834$11.9M0.3%−224,404−60.8%ReducedHistory
ULTAUlta Beauty, Inc.Stock29,383$11.8M0.3%−14,671−33.3%ReducedHistory
ENTGEntegris IncCOM139,527$11.6M0.3%+29,158+26.4%AddedHistory
XPOXPO, Inc.COM254,280$11.3M0.3%−194,677−43.4%ReducedHistory
CARAvis Budget Group, Inc.COM76,094$11.3M0.3%+76,094NewHistory
ANETArista Networks, Inc.COM98,801$11.2M0.3%+98,801NewHistory
DARDarling Ingredients Inc.COM168,247$11.1M0.3%−224,068−57.1%ReducedHistory
OKEONEOK IncCOM216,393$11.1M0.3%−210,448−49.3%ReducedHistory
KKRKKR & Co. Inc.COM255,616$11.0M0.3%−157,503−38.1%ReducedHistory

Options (864)

Puts and calls in the same filing. Amounts are the market value of the underlying shares, which is what 13F reports.

The largest 100 of 864 by value.

Option positions of Twin Tree Management, LP in Q3 2022
SecurityClassPutsCalls
SPDR S&P 500 ETF Tr78462F953PUT$8.24B–
SPDR S&P 500 ETF Tr78462F903CALL–$4.98B
Vanguard Index FDS922908953PUT$1.68B–
Invesco QQQ Tr46090E903UNIT SER 1–$1.47B
Invesco QQQ Tr46090E953PUT$970.3M–
SPDR Gold Tr78463V957GOLD SHS$868.4M–
iShares Tr464287955PUT$737.5M–
SPDR Dow Jones Indl Average78467X959PUT$699.9M–
Amazon Com Inc023135956PUT$505.2M–
VanEck Vectors ETF Tr92189F956PUT$504.8M–
Select Sector SPDR Tr81369Y906CALL–$471.9M
VanEck Vectors ETF Tr92189F906CALL–$463.9M
Costco WHSL Corp New22160K955PUT$377.3M–
iShares Tr464287954PUT$335.4M–
NVIDIA Corporation67066G954PUT$308.1M–
International Business Machs459200901CALL–$300.4M
Select Sector SPDR Tr81369Y959COMM$283.3M–
Salesforce Com Inc79466L952PUT$269.7M–
SPDR Ser Tr78464A900CALL–$269.2M
Alphabet Inc02079K955PUT$268.8M–
iShares Tr464287903CALL–$252.0M
Vanguard Index FDS922908959PUT$234.1M–
Amazon Com Inc023135906CALL–$233.2M
Vanguard Index FDS922908909CALL–$224.2M
iShares Tr464287904CALL–$218.1M
Exxon Mobil Corp30231G952PUT$213.4M–
iShares Tr464287905CALL–$203.3M
Select Sector SPDR Tr81369Y903CALL–$200.6M
Pfizer Inc717081903CALL–$195.2M
SPDR Ser Tr78464A998CALL–$194.7M
SPDR Ser Tr78464A950PUT$194.1M–
American Tower Corp New03027X900CALL–$192.8M
Berkshire Hathaway Inc Del084670952PUT$189.7M–
Walmart Inc931142953PUT$188.9M–
Airbnb Inc009066951PUT$181.1M–
AT&T Inc00206R902CALL–$170.7M
Facebook Inc30303M952PUT$165.1M–
Occidental Pete Corp674599955PUT$163.0M–
iShares Tr464287908CALL–$159.0M
SPDR Dow Jones Indl Average78467X909CALL–$153.0M
iShares Tr464287958PUT$151.8M–
Wells Fargo Co New949746901CALL–$147.3M
Vanguard Index FDS922908903CALL–$146.3M
VanEck Vectors ETF Tr92189H957PUT$143.3M–
Airbnb Inc009066901CALL–$141.1M
SPDR Ser Tr78464A958PUT$140.8M–
Square Inc852234953PUT$140.5M–
Walmart Inc931142903CALL–$139.2M
Select Sector SPDR Tr81369Y908CALL–$138.9M
Kraneshares Tr500767956OPT$137.0M–
Cadence Design System Inc127387958PUT$137.0M–
Target Corp87612E956PUT$136.4M–
Dollar Gen Corp New256677955PUT$135.1M–
Shopify Inc82509L957PUT$132.9M–
NVIDIA Corporation67066G904CALL–$131.8M
SPDR Gold Tr78463V907CALL–$127.9M
The Trade Desk Inc88339J955PUT$127.7M–
Starbucks Corp855244909CALL–$127.1M
SPDR S&P Midcap 400 ETF Tr78467Y907CALL–$126.5M
BP PLC055622954PUT$124.3M–
Apple Inc037833900CALL–$124.1M
BK of America Corp060505954PUT$122.6M–
Netflix Inc64110L956PUT$122.1M–
Advanced Micro Devices Inc007903957PUT$120.6M–
Tesla Inc88160R901CALL–$120.1M
Blackstone Group Inc09260D907CALL–$119.4M
ASML Holding N VN07059950PUT$119.0M–
Intuit461202953PUT$118.8M–
Schlumberger Ltd806857958PUT$117.4M–
Snowflake Inc833445959PUT$115.9M–
CrowdStrike Hldgs Inc22788C955PUT$113.3M–
Albemarle Corp012653951PUT$112.5M–
Vanguard Specialized Funds921908904CALL–$110.7M
On Semiconductor Corp682189955PUT$108.2M–
Select Sector SPDR Tr81369Y957PUT$106.5M–
iShares Tr464287909CALL–$106.5M
Wells Fargo Co New949746951PUT$104.8M–
Select Sector SPDR Tr81369Y905CALL–$103.6M
ASML Holding N VN07059900CALL–$103.3M
Moderna Inc60770K957PUT$102.8M–
Starbucks Corp855244959PUT$101.4M–
Roku Inc77543R952PUT$96.9M–
Freeport-McMoran Inc35671D957PUT$96.8M–
Intuit461202903CALL–$96.3M
BP PLC055622904CALL–$95.8M
BioNTech SE09075V952PUT$94.1M–
Deere & Co244199955PUT$93.9M–
Pinterest Inc72352L956PUT$93.0M–
EPAM Sys Inc29414B954PUT$92.9M–
HCA Healthcare Inc40412C951PUT$92.8M–
Thermo Fisher Scientific Inc883556952PUT$92.7M–
Nike Inc654106953PUT$92.6M–
AstraZeneca PLC046353908CALL–$91.3M
TJX Cos Inc New872540909CALL–$91.2M
iShares Tr464287907CALL–$91.2M
TJX Cos Inc New872540959PUT$89.4M–
iShares Silver Tr46428Q959ISHARES$89.1M–
Costar Group Inc22160N959PUT$88.8M–
Boeing Co097023955PUT$87.4M–
Roblox Corp771049953PUT$87.4M–

Sold out since Q2 2022 (243)

Positions held at the end of Q2 2022 that are gone from this filing.

The largest 100 of 243 by value last quarter.

Positions of Twin Tree Management, LP sold out since Q2 2022
SecurityClassShares in Q2 2022Value in Q2 2022% of portfolio in Q2 2022History
SPGIS&P Global Inc.Stock323,647$109.1M2.0%History
LULUlululemon athletica inc.Stock192,530$52.5M1.0%History
DALDelta Air Lines, Inc.COM NEW1,440,172$41.7M0.8%History
AXPAmerican Express CoStock272,507$37.8M0.7%History
MAMastercard IncStock100,645$31.8M0.6%History
BKNGBooking Holdings Inc.Stock15,704$27.5M0.5%History
NKENIKE, Inc.Stock244,102$24.9M0.5%History
BMYBristol Myers Squibb CoStock315,799$24.3M0.5%History
TSMTaiwan Semiconductor Manufacturing Co LtdADR278,683$22.8M0.4%History
FTNTFortinet, Inc.Stock384,693$21.8M0.4%History
ETSYEtsy IncCOM294,812$21.6M0.4%History
ORCLOracle CorpStock292,666$20.4M0.4%History
WFCWells Fargo & CompanyStock511,949$20.1M0.4%History
State Street Financial Select Sector SPDR ETF81369Y605ETF631,435$19.9M0.4%–
DXCMDexcom IncCOM256,279$19.1M0.4%History
First Trust Dow Jones Internet Index Fund33733E302ETF150,172$19.1M0.4%–
VMCVulcan Materials COCOM133,673$19.0M0.4%History
PHMPultegroup IncCOM475,536$18.8M0.4%History
MTCHMatch Group, Inc.COM259,909$18.1M0.3%History
ECLEcolab Inc.Stock117,454$18.1M0.3%History
NCLHNorwegian Cruise Line Holdings Ltd.SHS1,529,509$17.0M0.3%History
DELLDell Technologies Inc.Stock364,260$16.8M0.3%History
COHRCoherent Corp.COM330,079$16.8M0.3%History
UNPUnion Pacific CorpStock77,958$16.6M0.3%History
LENLennar CorpCL A229,643$16.2M0.3%History
CINFCincinnati Financial CorpCOM129,104$15.4M0.3%History
LNCLincoln National CorpCOM326,251$15.3M0.3%History
ITGartner IncCOM61,163$14.8M0.3%History
VEEVVeeva Systems IncStock74,003$14.7M0.3%History
RLRalph Lauren CorpCL A152,359$13.7M0.3%History
SIVBSVB Financial GroupCOM33,134$13.1M0.2%History
iShares Select Dividend ETF464287168ETF110,413$13.0M0.2%–
MDTMedtronic plcStock143,307$12.9M0.2%History
LOGILogitech International S.A.SHS233,611$12.2M0.2%History
DBAInvesco DB Agriculture FundAGRICULTURE FD587,987$12.0M0.2%History
Tata MTRS Ltd876568502SPONSORED ADR462,366$12.0M0.2%–
MSCIMSCI Inc.Stock28,946$11.9M0.2%History
LPXLouisiana-Pacific CorpCOM220,596$11.6M0.2%History
MTBM&T Bank CorpCOM72,335$11.5M0.2%History
AMEDAmedisys IncCOM106,236$11.2M0.2%History
State Street SPDR S&P Homebuilders ETF78464A888ETF203,848$11.2M0.2%–
EXPEagle Materials IncCOM98,727$10.9M0.2%History
DEDeere & CoStock34,643$10.4M0.2%History
OCOwens CorningStock138,557$10.3M0.2%History
USBUS Bancorp DECOM NEW222,917$10.3M0.2%History
SFStifel Financial CorpCOM179,743$10.1M0.2%History
MRSHMarsh & McLennan Companies, Inc.Stock62,929$9.77M0.2%History
DLTRDollar Tree, Inc.COM62,146$9.69M0.2%History
LITELumentum Holdings Inc.COM110,344$8.76M0.2%History
NVONovo Nordisk A SADR77,862$8.68M0.2%History
State Street SPDR S&P Bank ETF78464A797ETF196,906$8.64M0.2%–
SNPSSynopsys IncCOM27,856$8.46M0.2%History
MORNMorningstar, Inc.COM34,950$8.45M0.2%History
TMUST-Mobile US, Inc.Stock62,522$8.41M0.2%History
HDHome Depot, Inc.Stock30,065$8.25M0.2%History
PVHPVH Corp.COM136,411$7.76M0.1%History
JLLJones Lang Lasalle IncCOM42,471$7.43M0.1%History
DKSDick's Sporting Goods, Inc.Stock97,385$7.34M0.1%History
TJXTJX Companies IncStock131,328$7.33M0.1%History
MMacy's, Inc.COM390,130$7.15M0.1%History
TOLToll Brothers, Inc.COM156,423$6.98M0.1%History
GMEDGlobus Medical IncStock121,038$6.79M0.1%History
Signature BK New York N Y82669G104COM36,785$6.59M0.1%–
DLRDigital Realty Trust, Inc.COM50,175$6.51M0.1%History
TDToronto Dominion BankStock99,165$6.50M0.1%History
ROPRoper Technologies IncStock15,835$6.25M0.1%History
RHIRobert Half Inc.COM82,103$6.15M0.1%History
PSXPhillips 66Stock74,813$6.13M0.1%History
EPAMEPAM Systems, Inc.COM20,407$6.02M0.1%History
MHKMohawk Industries IncCOM47,420$5.88M0.1%History
ZBHZimmer Biomet Holdings, Inc.Stock55,998$5.88M0.1%History
JBHTHunt J B Transport Services IncCOM37,109$5.84M0.1%History
ABBNYABB LtdSPONSORED ADR212,801$5.69M0.1%History
FITBFifth Third BancorpCOM167,884$5.64M0.1%History
iShares Inc464286871MSCI HONG KG ETF251,223$5.58M0.1%–
BENFranklin Templeton IncCOM231,549$5.40M0.1%History
GPNGlobal Payments IncStock48,246$5.34M0.1%History
OLNOLIN CorpStock114,002$5.28M0.1%History
AALAmerican Airlines Group Inc.Stock411,901$5.22M0.1%History
TROWPrice T Rowe Group IncStock45,352$5.15M0.1%History
CAHCardinal Health IncStock98,108$5.13M0.1%History
CCLCarnival Corp Ltd.UNIT 99/99/9999589,156$5.10M0.1%History
PNFPPinnacle Financial Partners, Inc.COM68,863$4.98M0.1%History
LUMNLumen Technologies, Inc.Stock446,670$4.87M0.1%History
WSMWilliams Sonoma IncCOM43,284$4.80M0.1%History
RYRoyal Bank of CanadaStock48,947$4.74M0.1%History
RFRegions Financial CorpCOM249,744$4.68M0.1%History
ZZillow Group, Inc.CL C CAP STK141,598$4.50M0.1%History
AOSSmith A O CorpCOM80,674$4.41M0.1%History
CBChubb LtdStock22,331$4.39M0.1%History
ZIONZions Bancorporation, National AssociationCOM83,460$4.25M0.1%History
BCEBce IncCOM NEW79,210$3.90M0.1%History
MUMicron Technology IncStock70,256$3.88M0.1%History
LYFTLyft, Inc.CL A COM284,363$3.78M0.1%History
BXPBXP, Inc.COM39,789$3.54M0.1%History
HESHess CorpStock31,814$3.37M0.1%History
CARRCarrier Global CorpStock90,269$3.22M0.1%History
GEGeneral Electric CoStock48,370$3.08M0.1%History
KDPKeurig Dr Pepper Inc.COM86,218$3.05M0.1%History
AMEAmetek IncCOM26,941$2.96M0.1%History