Twin Tree Management, LP Q4 2025 Filing
Filed February 11, 2026
Portfolio Value
$11.5B
Holdings
716
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (716 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | SPYSPDR S&P 500 ETF TR | 1,217,388 | $830.2B | 7243.02% | Put |
| 2 | GQ9SPDR GOLD TR | 1,798,291 | $712.7B | 6218.01% | Put |
| 3 | IAU*ISHARES GOLD TR | 2,685,500 | $218.0B | 1901.85% | Put |
| 4 | MUMICRON TECHNOLOGY INC | 591,894 | $168.9B | 1473.90% | Put |
| 5 | JPMJPMORGAN CHASE & CO. | 444,733 | $143.3B | 1250.27% | Put |
| 6 | AMGNAMGEN INC | 416,500 | $136.3B | 1189.40% | Put |
| 7 | TSLATESLA INC | 249,700 | $112.3B | 979.75% | Put |
| 8 | GOOGLALPHABET INC | 338,100 | $105.8B | 923.31% | Put |
| 9 | NKENIKE INC | 1,642,027 | $104.6B | 912.72% | Put |
| 10 | AAPLAPPLE INC | 376,000 | $102.2B | 891.84% | Put |
| 11 | AMATAPPLIED MATLS INC | 370,600 | $95.2B | 830.95% | Put |
| 12 | GLWCORNING INC | 1,063,361 | $93.1B | 812.34% | Put |
| 13 | GSGOLDMAN SACHS GROUP INC | 105,647 | $92.9B | 810.22% | Put |
| 14 | CSCOCISCO SYS INC | 1,200,630 | $92.5B | 806.90% | Put |
| 15 | GDXVANECK ETF TRUST | 999,439 | $85.7B | 747.90% | Put |
| 16 | TERTERADYNE INC | 431,174 | $83.5B | 728.15% | Put |
| 17 | UPSUNITED PARCEL SERVICE INC | 840,200 | $83.3B | 727.12% | Put |
| 18 | IWMISHARES TR | 318,400 | $78.4B | 683.82% | Put |
| 19 | BRK/BBERKSHIRE HATHAWAY INC DEL | 155,400 | $78.1B | 681.51% | Put |
| 20 | AVGOBROADCOM INC | 213,200 | $73.8B | 643.79% | Put |
| 21 | LRCXLAM RESEARCH CORP | 423,800 | $72.5B | 632.94% | Put |
| 22 | TMOTHERMO FISHER SCIENTIFIC INC | 122,300 | $70.9B | 618.29% | Put |
| 23 | CVSCVS HEALTH CORP | 883,600 | $70.1B | 611.79% | Put |
| 24 | CRWDCROWDSTRIKE HLDGS INC | 144,830 | $67.9B | 592.32% | Put |
| 25 | AMDADVANCED MICRO DEVICES INC | 315,527 | $67.6B | 589.56% | Put |
| 26 | SOXXISHARES TR | 222,848 | $67.1B | 585.52% | Put |
| 27 | COINCOINBASE GLOBAL INC | 291,980 | $66.0B | 576.08% | Put |
| 28 | MCDMCDONALDS CORP | 208,120 | $63.6B | 554.95% | Put |
| 29 | PFEPFIZER INC | 2,425,100 | $60.4B | 526.84% | Put |
| 30 | JNJJOHNSON & JOHNSON | 286,508 | $59.3B | 517.30% | Put |
| 31 | XYZBLOCK INC | 881,701 | $57.4B | 500.70% | Put |
| 32 | OREALTY INCOME CORP | 1,013,600 | $57.1B | 498.50% | Call |
| 33 | BMYBRISTOL-MYERS SQUIBB CO | 1,053,021 | $56.8B | 495.56% | Put |
| 34 | ARMARM HOLDINGS PLC | 516,379 | $56.4B | 492.47% | Put |
| 35 | NEENEXTERA ENERGY INC | 697,400 | $56.0B | 488.47% | Put |
| 36 | EFAISHARES TR | 582,500 | $55.9B | 488.04% | Put |
| 37 | BBARRICK MNG CORP | 1,282,965 | $55.9B | 487.47% | Put |
| 38 | LMTLOCKHEED MARTIN CORP | 115,303 | $55.8B | 486.56% | Put |
| 39 | ISRGINTUITIVE SURGICAL INC | 93,607 | $53.0B | 462.54% | Put |
| 40 | CEGCONSTELLATION ENERGY CORP | 146,676 | $51.8B | 452.07% | Put |
| 41 | KLACKLA CORP | 42,356 | $51.5B | 449.02% | Put |
| 42 | PAASPAN AMERN SILVER CORP | 991,915 | $51.4B | 448.36% | Put |
| 43 | APHAMPHENOL CORP | 372,200 | $50.3B | 438.85% | Put |
| 44 | DELLDELL TECHNOLOGIES INC | 398,655 | $50.2B | 437.82% | Put |
| 45 | AMZNAMAZON COM INC | 217,086 | $50.1B | 437.17% | Put |
| 46 | TEAMATLASSIAN CORPORATION | 305,406 | $49.5B | 432.03% | Put |
| 47 | FCXFREEPORT-MCMORAN INC | 969,000 | $49.2B | 429.38% | Put |
| 48 | MRVLMARVELL TECHNOLOGY INC | 574,684 | $48.8B | 426.08% | Put |
| 49 | BXBLACKSTONE INC | 311,100 | $48.0B | 418.37% | Put |
| 50 | TSMTAIWAN SEMICONDUCTOR MFG LTD | 157,704 | $47.9B | 418.13% | Put |
| 51 | ORCLORACLE CORP | 245,018 | $47.8B | 416.65% | Put |
| 52 | LLYELI LILLY & CO | 44,100 | $47.4B | 413.49% | Put |
| 53 | ZMZOOM COMMUNICATIONS INC | 546,300 | $47.1B | 411.28% | Put |
| 54 | ADBEADOBE INC | 133,200 | $46.6B | 406.73% | Put |
| 55 | PANWPALO ALTO NETWORKS INC | 248,145 | $45.7B | 398.78% | Put |
| 56 | ASMLASML HOLDING N V | 42,489 | $45.5B | 396.60% | Put |
| 57 | ACNACCENTURE PLC IRELAND | 168,729 | $45.3B | 394.96% | Put |
| 58 | IBMINTERNATIONAL BUSINESS MACHS | 148,585 | $44.0B | 383.99% | Put |
| 59 | GEVGE VERNOVA INC | 65,062 | $42.5B | 370.99% | Put |
| 60 | LVSLAS VEGAS SANDS CORP | 648,000 | $42.2B | 367.99% | Put |
| 61 | SLVISHARES SILVER TR | 652,459 | $42.0B | 366.71% | Put |
| 62 | TAT&T INC | 1,660,600 | $41.2B | 359.89% | Put |
| 63 | CRMSALESFORCE INC | 152,743 | $40.5B | 353.02% | Put |
| 64 | CCOCAMECO CORP | 440,027 | $40.3B | 351.23% | Put |
| 65 | HOODROBINHOOD MKTS INC | 355,300 | $40.2B | 350.60% | Put |
| 66 | ATDATI INC | 345,300 | $39.6B | 345.72% | Put |
| 67 | HWMHOWMET AEROSPACE INC | 189,100 | $38.8B | 338.25% | Put |
| 68 | NOWSERVICENOW INC | 252,948 | $38.7B | 338.07% | Put |
| 69 | IGVISHARES TR | 357,253 | $37.8B | 329.42% | Put |
| 70 | SNOWSNOWFLAKE INC | 170,109 | $37.3B | 325.56% | Put |
| 71 | CVNACARVANA CO | 88,300 | $37.3B | 325.12% | Put |
| 72 | MKLMARKEL GROUP INC | 17,000 | $36.5B | 318.83% | Put |
| 73 | ROKUROKU INC | 334,900 | $36.3B | 316.99% | Put |
| 74 | SHOPSHOPIFY INC | 222,800 | $35.9B | 312.90% | Put |
| 75 | UNPUNION PAC CORP | 154,743 | $35.8B | 312.30% | Put |
| 76 | XOMEXXON MOBIL CORP | 295,600 | $35.6B | 310.35% | Put |
| 77 | MDBMONGODB INC | 83,398 | $35.0B | 305.37% | Put |
| 78 | CIENCIENA CORP | 149,285 | $34.9B | 304.60% | Put |
| 79 | ELLAUDER ESTEE COS INC | 326,900 | $34.2B | 298.67% | Put |
| 80 | URIUNITED RENTALS INC | 41,777 | $33.8B | 294.98% | Put |
| 81 | KGCKINROSS GOLD CORP | 1,188,168 | $33.5B | 291.92% | Put |
| 82 | AEMAGNICO EAGLE MINES LTD | 197,340 | $33.5B | 291.88% | Put |
| 83 | NDQINVESCO QQQ TR | 54,105 | $33.2B | 289.98% | Put |
| 84 | METAMETA PLATFORMS INC | 49,849 | $32.9B | 287.08% | Put |
| 85 | DALDELTA AIR LINES INC DEL | 474,000 | $32.9B | 287.00% | Put |
| 86 | TPRTAPESTRY INC | 255,619 | $32.7B | 284.94% | Put |
| 87 | IBKRINTERACTIVE BROKERS GROUP IN | 492,981 | $31.7B | 276.60% | Put |
| 88 | EWEDWARDS LIFESCIENCES CORP | 369,200 | $31.5B | 274.60% | Put |
| 89 | PSTGPURE STORAGE INC | 469,341 | $31.4B | 274.39% | Put |
| 90 | APDAIR PRODS & CHEMS INC | 126,700 | $31.3B | 273.06% | Call |
| 91 | TXNTEXAS INSTRS INC | 180,140 | $31.3B | 272.65% | Put |
| 92 | ROSTROSS STORES INC | 172,800 | $31.1B | 271.58% | Put |
| 93 | APPAPPLOVIN CORP | 46,120 | $31.1B | 271.13% | Put |
| 94 | KKRKKR & CO INC | 242,500 | $30.9B | 269.71% | Put |
| 95 | ALABASTERA LABS INC | 185,698 | $30.9B | 269.52% | Put |
| 96 | 7HPHP INC | 1,377,600 | $30.7B | 267.77% | Put |
| 97 | PLTRPALANTIR TECHNOLOGIES INC | 172,600 | $30.7B | 267.67% | Put |
| 98 | TMTOYOTA MOTOR CORP | 142,500 | $30.5B | 266.13% | Put |
| 99 | CITHE CIGNA GROUP | 110,803 | $30.5B | 266.06% | Put |
| 100 | CRCCANADIAN NAT RES LTD | 875,988 | $29.7B | 258.70% | Put |
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