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Livermore
Livermore
ZHEN

Twin Tree Management, LP

SEC CIK
0001535588
Latest filing
Aug 12, 2026

Holdings in Q3 2023

Holdings as of Sep 30, 2023, filed Nov 14, 2023. Long positions only; changes compare share counts with Q2 2023.

Institution overview
Positions
408
−57 vs. Q2 2023
Portfolio value
$2.98B
−$1.88B (−38.7%) vs. Q2 2023
Filed
Nov 14, 2023
SEC
Holdings of Twin Tree Management, LP in Q3 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
GLDSPDR Gold TrustETF582,646$99.9M3.3%+295,761+103.1%AddedHistory
AVGOBroadcom Inc.Stock99,295$82.5M2.8%−54,940−35.6%ReducedHistory
SHOPShopify Inc.Stock1,355,444$74.0M2.5%+1,355,444NewHistory
LOWLowes Companies IncStock319,506$66.4M2.2%+319,506NewHistory
DIASPDR Dow Jones Industrial Average ETF TrustUT SER 1191,481$64.1M2.2%+191,481NewHistory
MMM3M CoStock632,673$59.2M2.0%+632,673NewHistory
AMDAdvanced Micro Devices IncStock450,278$46.3M1.6%−140,055−23.7%ReducedHistory
FSLRFirst Solar, Inc.Stock257,705$41.6M1.4%+160,398+164.8%AddedHistory
iShares Russell 2000 ETF464287655ETF224,440$39.7M1.3%−198,845−47.0%Reduced–
JNJJohnson & JohnsonStock236,246$36.8M1.2%+174,746+284.1%AddedHistory
NVDANVIDIA CorpStock81,869$35.6M1.2%−238,345−74.4%ReducedHistory
SPDR Series Trust78468R556SP O&G EXPL PRO231,551$34.2M1.1%−888−0.4%Reduced–
BACBank of America CorpStock1,217,630$33.3M1.1%+1,217,630NewHistory
MRNAModerna, Inc.Stock318,357$32.9M1.1%+22,461+7.6%AddedHistory
SNOWSnowflake Inc.Stock212,574$32.5M1.1%+212,574NewHistory
HDHome Depot, Inc.Stock101,339$30.6M1.0%+101,339NewHistory
RHRHCOM110,067$29.1M1.0%+88,121+401.5%AddedHistory
VanEck Semiconductor ETF92189F676ETF195,651$28.4M1.0%+14,804+8.2%Added–
VRTXVertex Pharmaceuticals IncStock80,320$27.9M0.9%+52,863+192.5%AddedHistory
APAAPA CorpStock660,562$27.1M0.9%+100,282+17.9%AddedHistory
JBLJabil IncStock213,567$27.1M0.9%+46,028+27.5%AddedHistory
CCJCameco CorpStock664,048$26.3M0.9%−27,175−3.9%ReducedHistory
NKENIKE, Inc.Stock275,218$26.3M0.9%+175,875+177.0%AddedHistory
PLTRPalantir Technologies Inc.Stock1,623,507$26.0M0.9%+1,438,159+775.9%AddedHistory
CRWDCrowdStrike Holdings, Inc.Stock153,835$25.7M0.9%+25,396+19.8%AddedHistory
SUSuncor Energy IncStock743,697$25.6M0.9%+709,033+2,045.4%AddedHistory
VanEck ETF Trust92189F106GOLD MINERS ETF947,410$25.5M0.9%−1,751,464−64.9%Reduced–
IPInternational Paper CoCOM712,745$25.3M0.8%+351,085+97.1%AddedHistory
CRHCRH Public Ltd CoORD454,572$24.9M0.8%+454,572NewHistory
AKAMAkamai Technologies IncCOM231,235$24.6M0.8%+151,470+189.9%AddedHistory
BPBP PLCADR621,753$24.1M0.8%+596,027+2,316.8%AddedHistory
TJXTJX Companies IncStock269,809$24.0M0.8%+207,146+330.6%AddedHistory
DDDuPont de Nemours, Inc.COM317,192$23.7M0.8%−32,533−9.3%ReducedHistory
PFEPfizer IncStock696,945$23.1M0.8%+606,458+670.2%AddedHistory
SPGSimon Property Group Inc.REIT213,248$23.0M0.8%+90,438+73.6%AddedHistory
FANGDiamondback Energy, Inc.Stock138,480$21.4M0.7%−145,870−51.3%ReducedHistory
TOSTToast, Inc.Stock1,141,089$21.4M0.7%+1,139,930+98,354.6%AddedHistory
DLTRDollar Tree, Inc.COM197,144$21.0M0.7%+189,602+2,513.9%AddedHistory
VanEck ETF Trust92189H607OIL SERVICES ETF60,528$20.9M0.7%+30,093+98.9%Added–
MDYSPDR S&P Midcap 400 ETF TrustETF45,347$20.7M0.7%+45,347NewHistory
MDTMedtronic plcStock255,744$20.0M0.7%+255,744NewHistory
GSGoldman Sachs Group IncStock61,468$19.9M0.7%+47,863+351.8%AddedHistory
SPOTSpotify Technology S.A.Stock127,520$19.7M0.7%+127,520NewHistory
FICOFair Isaac CorpCOM21,869$19.0M0.6%−8,594−28.2%ReducedHistory
QCOMQualcomm IncStock169,274$18.8M0.6%+45,618+36.9%AddedHistory
State Street SPDR S&P Regional Banking ETF78464A698ETF446,222$18.6M0.6%−555,416−55.5%Reduced–
AAAlcoa CorpStock636,088$18.5M0.6%+462,010+265.4%AddedHistory
Liberty Media Corp531229789Stock712,779$18.1M0.6%+712,779New–
MUMicron Technology IncStock258,326$17.6M0.6%+180,066+230.1%AddedHistory
LLYEli Lilly & CoStock32,521$17.5M0.6%−28,220−46.5%ReducedHistory
PNCPNC Financial Services Group, Inc.Stock139,327$17.1M0.6%−206,186−59.7%ReducedHistory
ROKURoku, IncCOM CL A238,634$16.8M0.6%−10,161−4.1%ReducedHistory
DISWalt Disney CoStock205,794$16.7M0.6%−12,408−5.7%ReducedHistory
CCLCarnival Corp Ltd.UNIT 99/99/99991,180,104$16.2M0.5%+422,470+55.8%AddedHistory
ALGNAlign Technology IncCOM52,960$16.2M0.5%−7,578−12.5%ReducedHistory
MSMorgan StanleyStock184,874$15.1M0.5%−1,198−0.6%ReducedHistory
TTDTrade Desk, Inc.Stock191,222$14.9M0.5%+41,640+27.8%AddedHistory
AEMAgnico Eagle Mines LtdStock327,567$14.9M0.5%+4,941+1.5%AddedHistory
AMZNAmazon Com IncStock115,841$14.7M0.5%+115,841NewHistory
GNRCGenerac Holdings Inc.Stock131,426$14.3M0.5%+5,933+4.7%AddedHistory
iShares Core S&P Mid-Cap ETF464287507ETF55,700$13.9M0.5%+55,700New–
GMGeneral Motors CoCOM417,740$13.8M0.5%+45,312+12.2%AddedHistory
SNPSSynopsys IncCOM29,297$13.4M0.5%−59,982−67.2%ReducedHistory
FFord Motor CoStock1,072,617$13.3M0.4%+1,072,617NewHistory
TXNTexas Instruments IncStock83,718$13.3M0.4%+39,089+87.6%AddedHistory
iShares Tr464287739U.S. REAL ES ETF169,072$13.2M0.4%−184,907−52.2%Reduced–
NETCloudflare, Inc.CL A COM207,285$13.1M0.4%+207,285NewHistory
EBAYeBay IncCOM292,064$12.9M0.4%+125,827+75.7%AddedHistory
RYRoyal Bank of CanadaStock145,563$12.7M0.4%+145,280+51,335.7%AddedHistory
WMBWilliams Companies, Inc.COM374,704$12.6M0.4%+183,208+95.7%AddedHistory
XYZBlock, Inc.CL A285,070$12.6M0.4%+285,070NewHistory
HPEHewlett Packard Enterprise CoCOM713,368$12.4M0.4%+532,918+295.3%AddedHistory
CRMSalesforce, Inc.Stock59,971$12.2M0.4%+59,971NewHistory
AMGNAmgen IncStock44,531$12.0M0.4%+41,082+1,191.1%AddedHistory
BABoeing CoStock61,761$11.8M0.4%−60,390−49.4%ReducedHistory
iShares Semiconductor ETF464287523ETF24,182$11.5M0.4%+8,122+50.6%Added–
CTSHCognizant Technology Solutions CorpCL A168,203$11.4M0.4%+6,849+4.2%AddedHistory
SCHWSchwab Charles CorpStock205,164$11.3M0.4%+205,164NewHistory
CCitigroup IncStock272,583$11.2M0.4%−74,239−21.4%ReducedHistory
FNDFloor & Decor Holdings, Inc.CL A122,247$11.1M0.4%+61,416+101.0%AddedHistory
BCEBce IncCOM NEW283,210$10.8M0.4%+148,709+110.6%AddedHistory
ENTGEntegris IncCOM115,042$10.8M0.4%+113,051+5,678.1%AddedHistory
CCChemours CoStock383,341$10.8M0.4%+383,341NewHistory
VanEck ETF Trust92189F791JUNIOR GOLD MINE328,906$10.6M0.4%+176,908+116.4%Added–
TSMTaiwan Semiconductor Manufacturing Co LtdADR121,933$10.6M0.4%−401,448−76.7%ReducedHistory
State Street Health Care Select Sector SPDR ETF81369Y209ETF81,710$10.5M0.4%+72,602+797.1%Added–
TSNTyson Foods, Inc.Stock207,396$10.5M0.4%−59,035−22.2%ReducedHistory
APOApollo Global Management, Inc.COM116,369$10.4M0.4%+116,369NewHistory
KHCKraft Heinz CoStock308,461$10.4M0.3%+308,461NewHistory
AFRMAffirm Holdings, Inc.COM CL A475,401$10.1M0.3%+475,401NewHistory
VRTVertiv Holdings CoCOM CL A263,432$9.80M0.3%+124,877+90.1%AddedHistory
State Street Utilities Select Sector SPDR ETF81369Y886ETF164,054$9.67M0.3%+164,054New–
TTWOTake Two Interactive Software IncCOM68,693$9.64M0.3%+68,693NewHistory
VEEVVeeva Systems IncStock46,653$9.49M0.3%−25,472−35.3%ReducedHistory
EXEExpand Energy CorpCOM107,954$9.31M0.3%+59,371+122.2%AddedHistory
SBUXStarbucks CorpStock101,654$9.28M0.3%+50,875+100.2%AddedHistory
GISGeneral Mills IncStock140,682$9.00M0.3%+140,682NewHistory
IAUiShares Gold TrustETF254,345$8.90M0.3%−78,592−23.6%ReducedHistory
JPMJPMorgan Chase & CoStock61,108$8.86M0.3%+61,108NewHistory
UUnity Software Inc.COM279,636$8.78M0.3%+279,636NewHistory

Options (782)

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 782 by value.

Option positions of Twin Tree Management, LP in Q3 2023
SecurityClassPutsCalls
SPDR S&P 500 ETF Tr78462F903CALL–$7.91B
SPDR S&P 500 ETF Tr78462F953PUT$2.84B–
SPDR Gold Tr78463V957GOLD SHS$1.67B–
iShares Tr464287905CALL–$546.1M
Apple Inc037833900CALL–$527.7M
iShares Tr464287955PUT$473.3M–
Exxon Mobil Corp30231G902CALL–$467.3M
SPDR Ser Tr78464A908CALL–$440.4M
Facebook Inc30303M952PUT$439.0M–
Adobe Systems Incorporated00724F951PUT$418.0M–
iShares Gold Tr464285954PUT$385.1M–
SPDR S&P Midcap 400 ETF Tr78467Y907CALL–$376.0M
Amazon Com Inc023135956PUT$315.6M–
Advanced Micro Devices Inc007903957PUT$313.6M–
AbbVie Inc00287Y909CALL–$294.1M
Alphabet Inc02079K955PUT$282.5M–
Blackstone Group Inc09260D907CALL–$272.8M
Netflix Inc64110L956PUT$269.6M–
American Tower Corp New03027X900CALL–$266.5M
iShares Silver Tr46428Q959ISHARES$265.1M–
Alphabet Inc02079K905CALL–$229.9M
Deere & Co244199905CALL–$225.3M
Tesla Inc88160R951PUT$220.3M–
NVIDIA Corporation67066G954PUT$219.8M–
Exxon Mobil Corp30231G952PUT$206.2M–
Select Sector SPDR Tr81369Y909CALL–$200.9M
Qualcomm Inc747525953PUT$200.7M–
Progressive Corp743315903CALL–$195.9M
United Parcel Service Inc911312906CALL–$192.1M
Select Sector SPDR Tr81369Y959COMM$187.0M–
Home Depot Inc437076902CALL–$185.3M
JPMorgan Chase & Co46625H900CALL–$180.6M
Microsoft Corp594918904CALL–$177.6M
Facebook Inc30303M902CALL–$175.9M
Nike Inc654106903CALL–$169.4M
Lowes Cos Inc548661907CALL–$168.8M
Select Sector SPDR Tr81369Y906CALL–$168.1M
Shopify Inc82509L957PUT$166.0M–
Intel Corp458140950PUT$165.0M–
UnitedHealth Group Inc91324P902COM–$161.0M
Lowes Cos Inc548661957PUT$160.1M–
CrowdStrike Hldgs Inc22788C955PUT$157.6M–
Marvell Technology Inc573874954PUT$154.8M–
SPDR S&P Midcap 400 ETF Tr78467Y957PUT$147.4M–
VanEck Vectors ETF Tr92189F956PUT$144.0M–
Amazon Com Inc023135906CALL–$141.4M
Broadcom Inc11135F951PUT$136.5M–
Johnson & Johnson478160904CALL–$135.7M
Verizon Communications Inc92343V904CALL–$133.4M
Devon Energy Corp New25179M903CALL–$130.0M
Eaton Corp PLCG29183903CALL–$129.5M
Berkshire Hathaway Inc Del084670902CALL–$128.8M
SPDR Dow Jones Indl Average78467X959PUT$123.2M–
Nike Inc654106953PUT$122.8M–
Salesforce Com Inc79466L952PUT$122.2M–
Eaton Corp PLCG29183953PUT$121.5M–
Schwab Charles Corp808513905CALL–$121.4M
Anthem Inc036752903CALL–$118.4M
Intuit461202953PUT$118.4M–
Schwab Strategic Tr808524907CALL–$117.9M
Berkshire Hathaway Inc Del084670952PUT$117.3M–
Chevron Corp New166764950PUT$117.2M–
SPDR Gold Tr78463V907CALL–$117.2M
Tesla Inc88160R901CALL–$115.2M
Invesco Exchange Traded FD T46137V907CALL–$114.9M
Invesco QQQ Tr46090E953PUT$112.2M–
NVIDIA Corporation67066G904CALL–$108.4M
Snowflake Inc833445959PUT$107.9M–
Williams Sonoma Inc969904901CALL–$107.5M
Valero Energy Corp91913Y900CALL–$107.4M
Veeva Sys Inc922475958PUT$106.9M–
Diamondback Energy Inc25278X909CALL–$106.4M
Wells Fargo Co New949746901CALL–$106.0M
SPDR Dow Jones Indl Average78467X909CALL–$105.3M
Chipotle Mexican Grill Inc169656905CALL–$105.1M
Chesapeake Energy Corp165167955PUT$102.5M–
iShares Silver Tr46428Q909CALL–$101.8M
Qualcomm Inc747525903CALL–$101.0M
Texas Instrs Inc882508954PUT$99.1M–
Select Sector SPDR Tr81369Y903CALL–$97.5M
Bunge LimitedG16962905CALL–$94.8M
AstraZeneca PLC046353958SPONSORED ADR$94.6M–
Deere & Co244199955PUT$93.9M–
BHP Group Ltd088606908CALL–$93.9M
3M Co88579Y951PUT$92.8M–
American Express Co025816909CALL–$92.0M
Marvell Technology Inc573874904CALL–$91.6M
Intel Corp458140900CALL–$91.6M
SPDR Series Trust78464A954PUT$91.4M–
Select Sector SPDR Tr81369Y908CALL–$90.6M
iShares Tr464287957PUT$90.1M–
Palo Alto Networks Inc697435955PUT$89.8M–
iShares Tr464287953PUT$88.6M–
iShares Gold Tr464285904CALL–$87.6M
Suncor Energy Inc New867224907CALL–$87.2M
Oracle Corp68389X905CALL–$86.7M
Novo-Nordisk A S670100955PUT$86.1M–
Intuit461202903CALL–$86.0M
FedEx Corp31428X956PUT$85.0M–
US Bancorp Del902973904CALL–$84.9M

Sold out since Q2 2023 (211)

Positions held at the end of Q2 2023 that are gone from this filing.

The largest 100 of 211 by value last quarter.

Positions of Twin Tree Management, LP sold out since Q2 2023
SecurityClassShares in Q2 2023Value in Q2 2023% of portfolio in Q2 2023History
TSLATesla, Inc.Stock310,430$81.3M1.7%History
ADBEAdobe Inc.Stock160,584$78.5M1.6%History
ORCLOracle CorpStock518,948$61.8M1.3%History
NFLXNetflix IncStock118,603$52.2M1.1%History
AAPLApple Inc.Stock221,070$42.9M0.9%History
METAMeta Platforms, Inc.Stock124,729$35.8M0.7%History
iShares Tr464288752US HOME CONS ETF397,558$34.0M0.7%–
Invesco QQQ Trust Series I46090E103ETF89,894$33.2M0.7%–
TGTTarget CorpStock247,175$32.6M0.7%History
SMCISuper Micro Computer, Inc.COM113,744$28.4M0.6%History
MAMastercard IncStock69,071$27.2M0.6%History
URIUnited Rentals, Inc.COM55,698$24.8M0.5%History
iShares Inc46434G822MSCI JAPAN ETF394,679$24.4M0.5%–
SYKStryker CorpStock76,161$23.2M0.5%History
RMBSRambus IncCOM358,789$23.0M0.5%History
CMGChipotle Mexican Grill IncCOM10,173$21.8M0.4%History
NOWServiceNow, Inc.Stock36,673$20.6M0.4%History
TOLToll Brothers, Inc.COM256,311$20.3M0.4%History
LVSLas Vegas Sands CorpCOM335,573$19.5M0.4%History
TMUST-Mobile US, Inc.Stock130,199$18.1M0.4%History
PYPLPayPal Holdings, Inc.Stock267,798$17.9M0.4%History
BNSBank of Nova ScotiaCOM353,898$17.7M0.4%History
CHWYChewy, Inc.CL A425,942$16.8M0.3%History
Kraneshares Trust500767306CSI CHI INTERNET618,334$16.7M0.3%–
UNHUnitedHealth Group IncStock34,627$16.6M0.3%History
EAElectronic Arts Inc.COM126,580$16.4M0.3%History
Liberty Media Corp Del531229607COM C SIRIUSXM486,379$15.9M0.3%–
AMATApplied Materials IncStock108,405$15.7M0.3%History
CGNXCognex CorpCOM278,256$15.6M0.3%History
DRIDarden Restaurants IncCOM85,676$14.3M0.3%History
GTMZoomInfo Technologies Inc.Stock531,643$13.5M0.3%History
DXCMDexcom IncCOM101,335$13.0M0.3%History
ALGMAllegro Microsystems, Inc.COM288,385$13.0M0.3%History
MPMP Materials Corp.COM CL A551,201$12.6M0.3%History
DHIHorton D R IncCOM102,876$12.5M0.3%History
PIIPolaris Inc.Stock103,305$12.5M0.3%History
DPZDominos Pizza IncCOM36,871$12.4M0.3%History
MOHMolina Healthcare, Inc.COM40,838$12.3M0.3%History
DDOGDatadog, Inc.CL A COM124,419$12.2M0.3%History
DELLDell Technologies Inc.Stock207,585$11.2M0.2%History
HALHalliburton CoStock335,269$11.1M0.2%History
TPRTapestry, Inc.COM258,101$11.0M0.2%History
NTRNutrien Ltd.COM184,607$10.9M0.2%History
UPSUnited Parcel Service IncStock59,792$10.7M0.2%History
PXDPioneer Natural Resources CoCOM50,625$10.5M0.2%History
MNSTMonster Beverage CorpCOM181,505$10.4M0.2%History
ILMNIllumina, Inc.COM54,428$10.2M0.2%History
BGBunge Global SACOM102,564$9.68M0.2%History
GILDGilead Sciences, Inc.Stock124,076$9.56M0.2%History
ADSKAutodesk, Inc.COM46,604$9.54M0.2%History
SLBSLB LimitedStock189,395$9.30M0.2%History
STXSeagate Technology Holdings plcORD SHS138,710$8.58M0.2%History
BIIBBiogen Inc.COM29,552$8.42M0.2%History
NSCNorfolk Southern CorpStock35,205$7.98M0.2%History
PTONPeloton Interactive, Inc.CL A COM1,020,923$7.85M0.2%History
BRK.BBerkshire Hathaway IncStock22,826$7.78M0.2%History
DDominion Energy, IncStock146,034$7.56M0.2%History
MGMMGM Resorts InternationalStock171,122$7.52M0.2%History
AALAmerican Airlines Group Inc.Stock410,666$7.37M0.2%History
LWLamb Weston Holdings, Inc.Stock62,607$7.20M0.1%History
CINFCincinnati Financial CorpCOM73,070$7.11M0.1%History
NEENextera Energy IncStock95,740$7.10M0.1%History
DGDollar General CorpCOM41,324$7.02M0.1%History
SEDGSolaredge Technologies, Inc.COM25,421$6.84M0.1%History
BURLBurlington Stores, Inc.COM40,664$6.40M0.1%History
HONHoneywell International IncCOM30,323$6.29M0.1%History
LSCCLattice Semiconductor CorpCOM61,875$5.94M0.1%History
NUENucor CorpCOM35,581$5.83M0.1%History
RUNSunrun Inc.COM317,112$5.66M0.1%History
DASHDoorDash, Inc.Stock70,052$5.35M0.1%History
EMREmerson Electric CoStock56,270$5.09M0.1%History
CPCanadian Pacific Kansas City LtdCOM62,845$5.08M0.1%History
OLEDUniversal Display CorpCOM34,429$4.96M0.1%History
XOMExxonMobil Holdings CorpCOM46,059$4.94M0.1%History
LMTLockheed Martin CorpStock10,720$4.94M0.1%History
SHELShell plcADR75,464$4.56M0.1%History
PVHPVH Corp.COM53,591$4.55M0.1%History
UAAUnder Armour, Inc.Stock621,644$4.49M0.1%History
NXPINXP Semiconductors N.V.COM21,599$4.42M0.1%History
AREAlexandria Real Estate Equities, Inc.COM38,038$4.32M0.1%History
RMDResmed IncCOM19,313$4.22M0.1%History
DOWDow Inc.Stock78,191$4.16M0.1%History
SLViShares Silver TrustETF197,525$4.13M0.1%History
PHParker-Hannifin CorpStock10,119$3.95M0.1%History
SNAPSnap IncStock331,293$3.92M0.1%History
CSXCSX CorpStock110,540$3.77M0.1%History
MOAltria Group, Inc.Stock83,162$3.77M0.1%History
AESAES CorpStock178,279$3.70M0.1%History
IOTSamsara Inc.Stock125,684$3.48M0.1%History
USFDUS Foods Holding Corp.COM75,897$3.34M0.1%History
OGNOrganon & Co.Stock157,785$3.28M0.1%History
TFCTruist Financial CorpCOM108,145$3.28M0.1%History
TRIThomson Reuters CorpCOM NO PAR24,097$3.25M0.1%History
DKSDick's Sporting Goods, Inc.Stock24,373$3.22M0.1%History
AFLAflac IncStock45,755$3.19M0.1%History
FIVNFive9, Inc.COM38,514$3.18M0.1%History
CSLCarlisle Companies IncCOM11,856$3.04M0.1%History
RRXRegal Rexnord CorpCOM18,994$2.92M0.1%History
HUMHumana IncStock6,235$2.79M0.1%History
Paramount Global92556H206CL B172,841$2.75M0.1%–