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Livermore
Livermore
ZHEN

Twin Tree Management, LP

SEC CIK
0001535588
Latest filing
Aug 12, 2026

Holdings in Q4 2023

Holdings as of Dec 31, 2023, filed Feb 14, 2024. Long positions only; changes compare share counts with Q3 2023.

Institution overview
Positions
456
+48 vs. Q3 2023
Portfolio value
$5.53B
+$2.55B (+85.5%) vs. Q3 2023
Filed
Feb 14, 2024
SEC
Holdings of Twin Tree Management, LP in Q4 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
iShares Russell 2000 ETF464287655ETF986,583$198.0M3.6%+762,143+339.6%Added–
VanEck ETF Trust92189F106GOLD MINERS ETF3,025,062$93.8M1.7%+2,077,652+219.3%Added–
BACBank of America CorpStock2,604,854$87.7M1.6%+1,387,224+113.9%AddedHistory
AMGNAmgen IncStock274,593$79.1M1.4%+230,062+516.6%AddedHistory
State Street SPDR S&P Biotech ETF78464A870ETF858,485$76.7M1.4%+824,693+2,440.5%Added–
GSGoldman Sachs Group IncStock197,807$76.3M1.4%+136,339+221.8%AddedHistory
CCitigroup IncStock1,337,537$68.8M1.2%+1,064,954+390.7%AddedHistory
SBUXStarbucks CorpStock649,549$62.4M1.1%+547,895+539.0%AddedHistory
AVGOBroadcom Inc.Stock54,814$61.2M1.1%−44,481−44.8%ReducedHistory
MUMicron Technology IncStock653,484$55.8M1.0%+395,158+153.0%AddedHistory
iShares Tr464287739U.S. REAL ES ETF599,623$54.8M1.0%+430,551+254.7%Added–
VRTXVertex Pharmaceuticals IncStock129,852$52.8M1.0%+49,532+61.7%AddedHistory
UNPUnion Pacific CorpStock212,640$52.2M0.9%+191,775+919.1%AddedHistory
SHOPShopify Inc.Stock647,367$50.4M0.9%−708,077−52.2%ReducedHistory
ADIAnalog Devices IncStock251,966$50.0M0.9%+242,157+2,468.7%AddedHistory
PHMPultegroup IncCOM484,225$50.0M0.9%+435,612+896.1%AddedHistory
AEMAgnico Eagle Mines LtdStock907,648$49.8M0.9%+580,081+177.1%AddedHistory
TSLATesla, Inc.Stock195,920$48.7M0.9%+195,920NewHistory
ALGNAlign Technology IncCOM177,465$48.6M0.9%+124,505+235.1%AddedHistory
AMDAdvanced Micro Devices IncStock324,136$47.8M0.9%−126,142−28.0%ReducedHistory
iShares Tr464287234MSCI EMG MKT ETF1,116,016$44.9M0.8%+986,172+759.5%Added–
VanEck ETF Trust92189F791JUNIOR GOLD MINE1,181,170$44.8M0.8%+852,264+259.1%Added–
BABoeing CoStock170,833$44.5M0.8%+109,072+176.6%AddedHistory
TSNTyson Foods, Inc.Stock822,288$44.2M0.8%+614,892+296.5%AddedHistory
TTWOTake Two Interactive Software IncCOM272,395$43.8M0.8%+203,702+296.5%AddedHistory
DLTRDollar Tree, Inc.COM284,085$40.4M0.7%+86,941+44.1%AddedHistory
RYRoyal Bank of CanadaStock397,966$40.2M0.7%+252,403+173.4%AddedHistory
ULTAUlta Beauty, Inc.Stock81,622$40.0M0.7%+81,622NewHistory
TXNTexas Instruments IncStock232,353$39.6M0.7%+148,635+177.5%AddedHistory
WBAWalgreens Boots Alliance, Inc.COM1,515,078$39.6M0.7%+1,515,078NewHistory
iShares Tr464287630RUS 2000 VAL ETF240,955$37.4M0.7%+240,955New–
PLTRPalantir Technologies Inc.Stock2,155,185$37.0M0.7%+531,678+32.7%AddedHistory
FANGDiamondback Energy, Inc.Stock238,052$36.9M0.7%+99,572+71.9%AddedHistory
BLKBlackRock, Inc.COM45,070$36.6M0.7%+36,645+435.0%AddedHistory
UUnity Software Inc.COM893,492$36.5M0.7%+613,856+219.5%AddedHistory
NVDANVIDIA CorpStock72,778$36.0M0.7%−9,091−11.1%ReducedHistory
OLNOLIN CorpStock662,187$35.7M0.6%+654,374+8,375.5%AddedHistory
FTNTFortinet, Inc.Stock602,785$35.3M0.6%+590,606+4,849.4%AddedHistory
XYZBlock, Inc.CL A444,502$34.4M0.6%+159,432+55.9%AddedHistory
MRKMerck & Co., Inc.Stock315,121$34.4M0.6%+296,337+1,577.6%AddedHistory
IPInternational Paper CoCOM945,065$34.2M0.6%+232,320+32.6%AddedHistory
TJXTJX Companies IncStock359,622$33.7M0.6%+89,813+33.3%AddedHistory
SNPSSynopsys IncCOM65,280$33.6M0.6%+35,983+122.8%AddedHistory
LENLennar CorpCL A224,208$33.4M0.6%+205,655+1,108.5%AddedHistory
JCIJohnson Controls International plcStock575,687$33.2M0.6%+464,783+419.1%AddedHistory
BBYBest Buy Co IncStock420,409$32.9M0.6%+420,409NewHistory
UPSUnited Parcel Service IncStock200,609$31.5M0.6%+200,609NewHistory
KEYSKeysight Technologies, Inc.Stock195,130$31.0M0.6%+159,275+444.2%AddedHistory
EWEdwards Lifesciences CorpStock402,822$30.7M0.6%+364,257+944.5%AddedHistory
ELEstee Lauder Companies IncCL A209,933$30.7M0.6%+209,573+58,214.7%AddedHistory
VRTVertiv Holdings CoCOM CL A627,465$30.1M0.5%+364,033+138.2%AddedHistory
State Street SPDR S&P Regional Banking ETF78464A698ETF570,639$29.9M0.5%+124,417+27.9%Added–
APOApollo Global Management, Inc.COM319,652$29.8M0.5%+203,283+174.7%AddedHistory
HPQHP IncStock973,010$29.3M0.5%+841,396+639.3%AddedHistory
KHCKraft Heinz CoStock768,559$28.4M0.5%+460,098+149.2%AddedHistory
RBLXRoblox CorpStock612,113$28.0M0.5%+539,089+738.2%AddedHistory
LYVLive Nation Entertainment, Inc.COM298,374$27.9M0.5%+282,252+1,750.7%AddedHistory
MSCIMSCI Inc.Stock47,892$27.1M0.5%+40,760+571.5%AddedHistory
GEGeneral Electric CoStock211,598$27.0M0.5%+132,938+169.0%AddedHistory
FCXFreeport-McMoran IncStock632,049$26.9M0.5%+475,497+303.7%AddedHistory
BILLBILL Holdings, Inc.Stock328,403$26.8M0.5%+250,123+319.5%AddedHistory
TMOThermo Fisher Scientific Inc.Stock50,275$26.7M0.5%+50,275NewHistory
CRWDCrowdStrike Holdings, Inc.Stock104,242$26.6M0.5%−49,593−32.2%ReducedHistory
SPOTSpotify Technology S.A.Stock140,743$26.4M0.5%+13,223+10.4%AddedHistory
ROKURoku, IncCOM CL A285,961$26.2M0.5%+47,327+19.8%AddedHistory
BKNGBooking Holdings Inc.Stock7,325$26.0M0.5%+7,325NewHistory
CDNSCadence Design Systems IncStock94,005$25.6M0.5%+63,960+212.9%AddedHistory
MRNAModerna, Inc.Stock256,122$25.5M0.5%−62,235−19.5%ReducedHistory
LLYEli Lilly & CoStock43,528$25.4M0.5%+11,007+33.8%AddedHistory
GILDGilead Sciences, Inc.Stock310,462$25.2M0.5%+310,462NewHistory
CCJCameco CorpStock572,329$24.7M0.4%−91,719−13.8%ReducedHistory
AKAMAkamai Technologies IncCOM208,117$24.6M0.4%−23,118−10.0%ReducedHistory
DFSDiscover Financial ServicesCOM218,954$24.6M0.4%+169,893+346.3%AddedHistory
FDXFedEx CorpStock96,885$24.5M0.4%+78,730+433.7%AddedHistory
NOWServiceNow, Inc.Stock34,613$24.5M0.4%+34,613NewHistory
TOSTToast, Inc.Stock1,317,794$24.1M0.4%+176,705+15.5%AddedHistory
iShares Russell 2000 Growth ETF464287648ETF95,114$24.0M0.4%+95,114New–
ABNBAirbnb, Inc.Stock173,647$23.6M0.4%+127,848+279.2%AddedHistory
NEMNEWMONT CorpStock569,686$23.6M0.4%+447,770+367.3%AddedHistory
WWayfair Inc.CL A371,799$22.9M0.4%+231,725+165.4%AddedHistory
RMDResmed IncCOM131,383$22.6M0.4%+131,383NewHistory
MSMorgan StanleyStock240,955$22.5M0.4%+56,081+30.3%AddedHistory
MAMastercard IncStock50,738$21.6M0.4%+50,738NewHistory
WHRWhirlpool CorpStock176,707$21.5M0.4%+176,707NewHistory
AXPAmerican Express CoStock113,422$21.2M0.4%+97,330+604.8%AddedHistory
SYFSynchrony FinancialCOM554,268$21.2M0.4%+554,268NewHistory
MPCMarathon Petroleum CorpStock140,662$20.9M0.4%+112,923+407.1%AddedHistory
ALBAlbemarle CorpStock141,085$20.4M0.4%+141,085NewHistory
HRHealthcare Realty Trust IncCL A COM1,179,584$20.3M0.4%+1,179,584NewHistory
BMOBank of MontrealCOM204,569$20.2M0.4%+124,256+154.7%AddedHistory
ORealty Income CorpREIT350,859$20.1M0.4%+350,859NewHistory
DGDollar General CorpCOM148,028$20.1M0.4%+148,028NewHistory
GLWCorning IncCOM650,667$19.8M0.4%+635,462+4,179.3%AddedHistory
FICOFair Isaac CorpCOM16,743$19.5M0.4%−5,126−23.4%ReducedHistory
EXRExtra Space Storage Inc.COM121,196$19.4M0.4%+121,196NewHistory
POOLPool CorpCOM48,430$19.3M0.3%+44,253+1,059.4%AddedHistory
DISWalt Disney CoStock212,247$19.2M0.3%+6,453+3.1%AddedHistory
CRMSalesforce, Inc.Stock72,662$19.1M0.3%+12,691+21.2%AddedHistory
EQTEQT CorpStock490,901$19.0M0.3%+423,173+624.8%AddedHistory
HUBSHubSpot IncCOM32,305$18.8M0.3%+32,305NewHistory

Options (902)

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 902 by value.

Option positions of Twin Tree Management, LP in Q4 2023
SecurityClassPutsCalls
SPDR S&P 500 ETF Tr78462F903CALL–$5.38B
SPDR Gold Tr78463V957GOLD SHS$3.01B–
SPDR S&P 500 ETF Tr78462F953PUT$793.3M–
Invesco QQQ Tr46090E903UNIT SER 1–$717.6M
iShares Tr464287905CALL–$695.4M
Broadcom Inc11135F951PUT$691.1M–
Apple Inc037833900CALL–$551.8M
iShares Tr464287955PUT$542.9M–
iShares Gold Tr464285954PUT$507.6M–
Advanced Micro Devices Inc007903957PUT$473.2M–
NVIDIA Corporation67066G954PUT$467.0M–
SPDR Ser Tr78464A908CALL–$413.5M
American Tower Corp New03027X900CALL–$391.5M
Amazon Com Inc023135906CALL–$389.4M
Microsoft Corp594918904CALL–$377.5M
Select Sector SPDR Tr81369Y906CALL–$357.5M
Select Sector SPDR Tr81369Y959COMM$349.4M–
Intel Corp458140950PUT$338.7M–
General MTRS Co37045V950PUT$330.3M–
Invesco QQQ Tr46090E953PUT$330.1M–
Colgate Palmolive Co194162903CALL–$323.9M
Nike Inc654106953PUT$318.7M–
Facebook Inc30303M952PUT$310.1M–
Exxon Mobil Corp30231G902CALL–$299.1M
AbbVie Inc00287Y909CALL–$284.9M
Blackstone Group Inc09260D907CALL–$270.5M
SPDR S&P Midcap 400 ETF Tr78467Y907CALL–$270.3M
Home Depot Inc437076902CALL–$258.6M
Snowflake Inc833445959PUT$253.9M–
Square Inc852234953PUT$251.0M–
iShares Silver Tr46428Q959ISHARES$250.3M–
UnitedHealth Group Inc91324P902COM–$242.5M
Adobe Systems Incorporated00724F951PUT$240.8M–
Deere & Co244199955PUT$237.2M–
Netflix Inc64110L956PUT$236.7M–
American Elec PWR Co Inc025537901COM–$221.3M
Nike Inc654106903CALL–$221.0M
iShares Silver Tr46428Q909CALL–$218.1M
Caterpillar Inc149123901CALL–$217.5M
SPDR Ser Tr78464A958PUT$215.2M–
Deere & Co244199905CALL–$211.3M
Grainger W W Inc384802954PUT$207.6M–
Target Corp87612E956PUT$201.6M–
SPDR Gold Tr78463V907CALL–$196.9M
Northrop Grumman Corp666807902CALL–$195.3M
AT&T Inc00206R902CALL–$193.1M
Occidental Pete Corp674599905CALL–$192.1M
NVIDIA Corporation67066G904CALL–$191.7M
Occidental Pete Corp674599955PUT$189.4M–
AT&T Inc00206R952PUT$187.3M–
Zscaler Inc98980G952PUT$179.9M–
Amazon Com Inc023135956PUT$173.8M–
Tesla Inc88160R951PUT$173.8M–
Select Sector SPDR Tr81369Y909CALL–$173.3M
BHP Group Ltd088606908CALL–$168.4M
US Bancorp Del902973904CALL–$167.9M
Grainger W W Inc384802904CALL–$167.2M
Medtronic PLCG5960L953PUT$167.1M–
Facebook Inc30303M902CALL–$166.1M
Southern Co842587907CALL–$156.6M
Intel Corp458140900CALL–$153.4M
Sherwin Williams Co824348906CALL–$153.2M
iShares Tr464287950PUT$144.6M–
Nucor Corp670346905CALL–$141.9M
Medtronic PLCG5960L903CALL–$140.8M
Verizon Communications Inc92343V904CALL–$138.1M
CrowdStrike Hldgs Inc22788C955PUT$135.9M–
Chubb LimitedH1467J904CALL–$133.0M
Costco WHSL Corp New22160K955PUT$131.5M–
Palantir Technologies Inc69608A958PUT$130.6M–
Northrop Grumman Corp666807952PUT$130.0M–
JPMorgan Chase & Co46625H900CALL–$128.0M
Schwab Strategic Tr808524907CALL–$126.3M
Anthem Inc036752903CALL–$124.4M
Coinbase Global Inc19260Q907CALL–$123.8M
Progressive Corp743315903CALL–$119.8M
Cigna Corp New125523900CALL–$118.6M
Salesforce Com Inc79466L952PUT$118.5M–
Zions Bancorporation N A989701907CALL–$116.4M
iShares Tr464287953PUT$115.2M–
Lockheed Martin Corp539830959PUT$115.1M–
Verizon Communications Inc92343V954PUT$113.3M–
Linde PLCG54950903SHS–$110.9M
Cigna Corp New125523950PUT$110.1M–
Affirm Hldgs Inc00827B956PUT$108.8M–
Ief 210618C00115000464287900CALL–$108.2M
Salesforce Com Inc79466L902CALL–$106.4M
BHP Group Ltd088606958PUT$106.2M–
PNC Finl Svcs Group Inc693475905CALL–$105.8M
Schwab Charles Corp808513905CALL–$103.8M
BK of America Corp060505954PUT$103.7M–
VanEck Vectors ETF Tr92189F956PUT$102.6M–
Select Sector SPDR Tr81369Y907CALL–$102.3M
Nucor Corp670346955PUT$101.9M–
Netflix Inc64110L906CALL–$101.7M
Williams Sonoma Inc969904901CALL–$97.3M
Lululemon Athletica Inc550021959PUT$95.5M–
Snowflake Inc833445909CALL–$94.9M
SPDR S&P Midcap 400 ETF Tr78467Y957PUT$94.2M–
iShares Tr464287908CALL–$93.0M

Sold out since Q3 2023 (147)

Positions held at the end of Q3 2023 that are gone from this filing.

The largest 100 of 147 by value last quarter.

Positions of Twin Tree Management, LP sold out since Q3 2023
SecurityClassShares in Q3 2023Value in Q3 2023% of portfolio in Q3 2023History
GLDSPDR Gold TrustETF582,646$99.9M3.3%History
LOWLowes Companies IncStock319,506$66.4M2.2%History
DIASPDR Dow Jones Industrial Average ETF TrustUT SER 1191,481$64.1M2.2%History
SNOWSnowflake Inc.Stock212,574$32.5M1.1%History
HDHome Depot, Inc.Stock101,339$30.6M1.0%History
APAAPA CorpStock660,562$27.1M0.9%History
NKENIKE, Inc.Stock275,218$26.3M0.9%History
SUSuncor Energy IncStock743,697$25.6M0.9%History
CRHCRH Public Ltd CoORD454,572$24.9M0.8%History
PFEPfizer IncStock696,945$23.1M0.8%History
SPGSimon Property Group Inc.REIT213,248$23.0M0.8%History
MDYSPDR S&P Midcap 400 ETF TrustETF45,347$20.7M0.7%History
MDTMedtronic plcStock255,744$20.0M0.7%History
QCOMQualcomm IncStock169,274$18.8M0.6%History
AAAlcoa CorpStock636,088$18.5M0.6%History
CCLCarnival Corp Ltd.UNIT 99/99/99991,180,104$16.2M0.5%History
AMZNAmazon Com IncStock115,841$14.7M0.5%History
iShares Core S&P Mid-Cap ETF464287507ETF55,700$13.9M0.5%–
NETCloudflare, Inc.CL A COM207,285$13.1M0.4%History
WMBWilliams Companies, Inc.COM374,704$12.6M0.4%History
SCHWSchwab Charles CorpStock205,164$11.3M0.4%History
ENTGEntegris IncCOM115,042$10.8M0.4%History
State Street Health Care Select Sector SPDR ETF81369Y209ETF81,710$10.5M0.4%–
AFRMAffirm Holdings, Inc.COM CL A475,401$10.1M0.3%History
State Street Utilities Select Sector SPDR ETF81369Y886ETF164,054$9.67M0.3%–
GISGeneral Mills IncStock140,682$9.00M0.3%History
IAUiShares Gold TrustETF254,345$8.90M0.3%History
JPMJPMorgan Chase & CoStock61,108$8.86M0.3%History
BXPBXP, Inc.COM143,850$8.56M0.3%History
PANWPalo Alto Networks IncStock36,057$8.45M0.3%History
MTBM&T Bank CorpCOM65,042$8.22M0.3%History
NVONovo Nordisk A SADR87,246$7.93M0.3%History
CLXClorox CoStock58,452$7.66M0.3%History
ANETArista Networks, Inc.COM39,235$7.22M0.2%History
MSFTMicrosoft CorpStock22,394$7.07M0.2%History
KRTXKaruna Therapeutics, Inc.COM41,282$6.98M0.2%History
BALLBALL CorpCOM139,729$6.96M0.2%History
ISRGIntuitive Surgical IncCOM NEW23,686$6.92M0.2%History
PEverpure, Inc.CL A193,117$6.88M0.2%History
CLFCleveland-Cliffs Inc.COM401,036$6.27M0.2%History
WCCWesco International IncCOM42,861$6.16M0.2%History
MCDMcDonalds CorpStock23,265$6.13M0.2%History
WDCWestern Digital CorpCOM125,956$5.75M0.2%History
FITBFifth Third BancorpCOM223,478$5.66M0.2%History
ELFe.l.f. Beauty, Inc.COM49,767$5.47M0.2%History
INTCIntel CorpStock148,630$5.28M0.2%History
INFYInfosys LtdSPONSORED ADR301,300$5.16M0.2%History
CELHCelsius Holdings, Inc.COM NEW29,305$5.03M0.2%History
APPAppLovin CorpCOM CL A122,827$4.91M0.2%History
GTLBGitlab Inc.CLASS A COM106,427$4.81M0.2%History
LLYVKLiberty Live Holdings, Inc.COM LBTY LIV S C149,719$4.81M0.2%History
TMToyota Motor CorpADS26,532$4.77M0.2%History
ZBRAZebra Technologies CorpCL A19,983$4.73M0.2%History
BLDRBuilders FirstSource, Inc.Stock36,124$4.50M0.2%History
iShares MSCI Eafe ETF464287465ETF64,590$4.45M0.1%–
NTESNetEase, Inc.SPONSORED ADS44,196$4.43M0.1%History
FISFidelity National Information Services, Inc.Stock71,027$3.93M0.1%History
PHGKoninklijke Philips NVNY REGIS SHS NEW196,286$3.91M0.1%History
WSOWatsco IncCOM9,558$3.61M0.1%History
ONOn Semiconductor CorpStock37,494$3.49M0.1%History
SONSonoco Products CoCOM62,998$3.42M0.1%History
EFXEquifax IncCOM18,454$3.38M0.1%History
LHXL3HARRIS Technologies, Inc.Stock19,340$3.37M0.1%History
CBChubb LtdStock16,161$3.36M0.1%History
MNDYmonday.com Ltd.SHS21,099$3.36M0.1%History
EXPEExpedia Group, Inc.Stock32,546$3.35M0.1%History
Vanguard Morningstar Growth ETF922908736ETF12,002$3.27M0.1%–
MASMasco CorpCOM56,513$3.02M0.1%History
WRKWestRock CoCOM79,937$2.86M0.1%History
MCHPMicrochip Technology IncStock34,283$2.68M0.1%History
TWLOTwilio IncCL A44,192$2.59M0.1%History
MEDPMedpace Holdings, Inc.COM10,229$2.48M0.1%History
BHPBHP Group LtdADR41,933$2.39M0.1%History
XYLXylem Inc.COM25,829$2.35M0.1%History
RGENRepligen CorpCOM14,714$2.34M0.1%History
DEODiageo PLCSPON ADR NEW15,603$2.33M0.1%History
SPDR Series Trust78464A755ST STR SP METAL42,436$2.23M0.1%–
KMIKinder Morgan, Inc.Stock127,415$2.11M0.1%History
AGCOAGCO CorpCOM16,032$1.90M0.1%History
ROSTRoss Stores, Inc.COM16,443$1.86M0.1%History
BSXBoston Scientific CorpStock33,590$1.77M0.1%History
FERGFerguson Enterprises Inc.SHS10,030$1.65M0.1%History
MTDMettler Toledo International IncCOM1,382$1.53M0.1%History
USBUS Bancorp DECOM NEW41,242$1.36M<0.1%History
IBKRInteractive Brokers Group, Inc.Stock15,748$1.36M<0.1%History
ASMLASML Holding NVADR2,190$1.29M<0.1%History
CTASCintas CorpStock2,538$1.22M<0.1%History
RBARB Global Inc.COM18,388$1.15M<0.1%History
ALNYAlnylam Pharmaceuticals, Inc.COM6,289$1.11M<0.1%History
COHRCoherent Corp.COM33,570$1.10M<0.1%History
Vanguard Scottsdale FDS92206C664VNG RUS2000IDX15,286$1.09M<0.1%–
IONSIonis Pharmaceuticals IncCOM20,441$927.2K<0.1%History
ACNAccenture plcStock2,753$845.5K<0.1%History
BRKRBruker CorpCOM13,298$828.5K<0.1%History
ZSZscaler, Inc.Stock5,271$820.1K<0.1%History
CFGCitizens Financial Group IncCOM29,460$789.5K<0.1%History
ANAutonation, Inc.COM5,126$776.1K<0.1%History
iShares Global Clean Energy ETF464288224ETF50,044$731.6K<0.1%–
STAGSTAG Industrial, Inc.COM20,189$696.7K<0.1%History
RPMRPM International IncCOM7,003$664.0K<0.1%History