Twin Tree Management, LP — 13F Holdings & Portfolio

CIK 1535588 · latest 13F-HR filed 2026-08-12

Twin Tree Management, LP manages $5.31B in 13F-reported U.S. long-equity assets across 1,357 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SPY (5.40%), SPY (4.28%), QQQ (2.02%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 197 new positions and exited 162; 127 existing positions rose in reported value and 92 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

AUM

$5.31B

Long-equity book

Holdings

1,357

Distinct positions

Period

2026-06-30

Filed 2026-08-12

Q/Q Activity

+197 / −162 / ↑127 / ↓92

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26

MSFT2.4% · +82%IAU2.3% · +56%NFLX2.2% · +2847%GLD2.0% · +46%ORCL1.8% · +1140%GDX1.6% · +66%ASML1.4% · +33%CEG1.3% · new AMAT1.3% · new AMZN1.2% · new CRM1.2% · new GLW1.1% · -35%TM1.1% · +202%KR1.1% · +30%RY1.0% · +4134%PLTR1.0% · +410%GOOGL0.9% · +593%ECL0.9% · +415%AVGO0.9% · +71%NVDA0.9% · +551%VWO0.9% · +355%APH0.9% · new ZM0.9% · +792%NEM0.8% · new DIA0.8% · new MU0.8% · -78%FFIV0.8% · +61%SLV0.8% · +1683%STX0.8% · +32%XLF0.8% · new META0.7% · +40%OXY0.7% · +156%GFS0.7% · +97%XLB0.7% · new COHR0.6% · +91%ITB0.6% · new ADBE0.6% · +508%AU0.6% · +2295%XLU0.6% · -12%EWY0.6% · new XBI0.6% · -48%CMG0.6% · +23%AXP0.6% · +556%BNS0.6% · +4514%TSM0.6% · +16%WDC0.6% · +1017%BNY0.6% · new PWR0.5% · new LOW0.5% · new EWT0.5% · +598%STZ0.5% · +989%NKE0.5% · +87%XME0.5% · +574%XLP0.5% · new UNP0.5% · +2659%INTU0.5% · +4487%PAYX0.5% · +14%TROW0.5% · new SMTC0.5% · +688%CIEN0.5% · +31%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 17.5%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 31, 2026.

Assets Under Management

$1.46B

Discretionary

$1.46B

Employees

Accounts

Address

6688 N. CENTRAL EXPRESSWAY
SUITE 1610
DALLAS, TX 75206

Phone

(214) 979-2313

Name	Title / Status	Ownership	Type
PRESLEY, MICHAEL, EDWARD Control	MANAGING PARTNER since Jan 2009	50–75%	Individual
TWIN TREE CAPITAL MANAGEMENT, LLC Control	GENERAL PARTNER since Jan 2009	Less than 5%	Domestic Entity
CHIANG, JOE	CHIEF COMPLIANCE OFFICER AND CHIEF FINANCIAL OFFICER since Oct 2010	Less than 5%	Individual
GRABEKLIS, JAY, MICHAEL	LIMITED PARTNER since Oct 2009	5–10%	Individual
WEELDREYER, JOHN, S.	LIMITED PARTNER since Jul 2009	10–25%	Individual
PRESLEY, MICHAEL, EDWARD Control Indirect owner via TWIN TREE CAPITAL MANAGEMENT, LLC	MEMBER since Jan 2009	75% or more	Individual

Ownership & leadership changes · 4 filings with changes since Feb 1, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 31, 2026 filing

No longer listedSAWYER, JOHN, SAMUEL · LIMITED PARTNER · 10–25% · listed since Jan 2009

Mar 22, 2022 filing

ChangedWEELDREYER, JOHN, S. · ownership 5–10% → 10–25%

Jan 5, 2017 filing

No longer listedSAWYER, JOHN, SAMUEL · MEMBER · 50–75% · indirect via TWIN TREE CAPITAL MANAGEMENT, LLC · control person · listed since Jan 2009
ChangedPRESLEY, MICHAEL, EDWARD · title CO-MANAGING PARTNER → MANAGING PARTNER
ChangedPRESLEY, MICHAEL, EDWARD · indirect via TWIN TREE CAPITAL MANAGEMENT, LLC: ownership 50–75% → 75% or more
ChangedSAWYER, JOHN, SAMUEL · title CO-MANAGING PARTNER → LIMITED PARTNER; ownership 25–50% → 10–25%; no longer a control person

Mar 24, 2015 filing

ChangedPRESLEY, MICHAEL, EDWARD · ownership 25–50% → 50–75%

Feb 1, 2012 filing (earliest on record)

ListedCHIANG, JOE · CHIEF COMPLIANCE OFFICER AND CHIEF FINANCIAL OFFICER · Less than 5%
ListedGRABEKLIS, JAY, MICHAEL · LIMITED PARTNER · 5–10%
ListedPRESLEY, MICHAEL, EDWARD · CO-MANAGING PARTNER · 25–50% · control person
ListedPRESLEY, MICHAEL, EDWARD · MEMBER · 50–75% · indirect via TWIN TREE CAPITAL MANAGEMENT, LLC · control person
ListedSAWYER, JOHN, SAMUEL · CO-MANAGING PARTNER · 25–50% · control person
ListedSAWYER, JOHN, SAMUEL · MEMBER · 50–75% · indirect via TWIN TREE CAPITAL MANAGEMENT, LLC · control person
ListedTWIN TREE CAPITAL MANAGEMENT, LLC · GENERAL PARTNER · Less than 5% · control person
ListedWEELDREYER, JOHN, S. · LIMITED PARTNER · 5–10%

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

NETFLIX INC.$13.8M +2088.1%
ORACLE CORP$10.4M +1135.0%
MICROSOFT CORP$7.2M +83.7%
ROYAL BK CDA$6.5M +5317.1%
ALPHABET INC$5.3M +760.7%

Show all 127 →

Top Trims

LYONDELLBASELL INDUSTRIES NV-$8.5M -95.5%
LULULEMON ATHLETICA INC-$6.4M -81.2%
FERRARI N V-$5.8M -100.0%
SPDR SERIES TRUST-$4.9M -85.4%
MARVELL TECHNOLOGY INC-$3.5M -79.2%

Show all 92 →

New Positions

Show all 197 →

Exited Positions

Show all 162 →

Loading…

#	Issuer	Symbol	CUSIP	Value	Δ

Twin Tree Management, LP Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

#	Issuer	Symbol	CUSIP	Value	Weight	Shares	Type
1	STATE STR SPDR S&P 500 ETF T Call	SPY	78462F103	$286.9M	5.40%	384,200	SH
2	STATE STR SPDR S&P 500 ETF T Put	SPY	78462F103	$227.2M	4.28%	304,200	SH
3	INVESCO QQQ TR Call	QQQ	46090E103	$107.1M	2.02%	145,500	SH
4	ASML HLDG NV Put	ASML	N07059210	$52.7M	0.99%	26,500	SH
5	ISHARES TR Call	IWM	464287655	$51.1M	0.96%	170,200	SH
6	TORONTO DOMINION BK ONT Call	TD	891160509	$44.9M	0.85%	370,100	SH
7	MICROSOFT CORP Put	MSFT	594918104	$44.1M	0.83%	118,100	SH
8	ARM HOLDINGS PLC Put	ARM	042068205	$40.4M	0.76%	113,800	SH
9	SELECT SECTOR SPDR TR Put	XLE	81369Y506	$38.9M	0.73%	732,300	SH
10	AMAZON COM INC Put	AMZN	023135106	$38.9M	0.73%	163,100	SH
11	ALPHABET INC Put	GOOGL	02079K305	$38.6M	0.73%	108,000	SH
12	APPLE INC Call	AAPL	037833100	$38.0M	0.72%	131,400	SH
13	CISCO SYS INC Call	CSCO	17275R102	$36.4M	0.68%	309,700	SH
14	VANECK ETF TRUST Call	SMH	92189F676	$36.3M	0.68%	55,300	SH
15	COSTCO WHOLESALE CORPORATION Put	COST	22160K105	$33.1M	0.62%	35,400	SH
16	INTERNATIONAL BUSINESS MACHS Put	IBM	459200101	$33.0M	0.62%	117,500	SH
17	CATERPILLAR INC Put	CAT	149123101	$31.2M	0.59%	29,300	SH
18	ISHARES SILVER TR Put	SLV	46428Q109	$29.7M	0.56%	555,500	SH
19	MICRON TECHNOLOGY INC Put	MU	595112103	$29.4M	0.55%	25,500	SH
20	AT&T INC Call	T	00206R102	$28.9M	0.54%	1,395,400	SH
21	SPDR GOLD TR Put	GLD	78463V107	$27.0M	0.51%	73,300	SH
22	SPDR GOLD TR Call	GLD	78463V107	$24.4M	0.46%	66,200	SH
23	BOEING CO Put	BA	097023105	$24.1M	0.45%	111,300	SH
24	NETFLIX INC. Put	NFLX	64110L106	$23.6M	0.44%	330,400	SH
25	BROADCOM INC Put	AVGO	11135F101	$23.4M	0.44%	61,900	SH
26	UNITED PARCEL SVCS INC Put	UPS	911312106	$23.2M	0.44%	215,700	SH
27	ORACLE CORP Put	ORCL	68389X105	$22.9M	0.43%	156,600	SH
28	VANECK ETF TRUST Put	GDX	92189F106	$21.7M	0.41%	288,200	SH
29	NVIDIA CORPORATION Put	NVDA	67066G104	$19.7M	0.37%	98,300	SH
30	ISHARES GOLD TR Call	IAU	464285204	$19.5M	0.37%	258,800	SH
31	ISHARES SILVER TR Call	SLV	46428Q109	$19.5M	0.37%	365,400	SH
32	ISHARES GOLD TR Put	IAU	464285204	$19.5M	0.37%	257,700	SH
33	BANK MONTREAL MEDIUM Put	BMO	063671101	$19.5M	0.37%	110,100	SH
34	ALTRIA GROUP INC Put	MO	02209S103	$19.3M	0.36%	268,500	SH
35	BRISTOL-MYERS SQUIBB CO Call	BMY	110122108	$19.0M	0.36%	329,900	SH
36	CARNIVAL CORP LTD Call	CCL	G2004J103	$18.9M	0.36%	662,400	SH
37	BERKSHIRE HATHAWAY INC DEL Put	BRK.B	084670702	$18.6M	0.35%	37,200	SH
38	ISHARES TR Put	IGV	464287515	$18.4M	0.35%	203,200	SH
39	METTLER TOLEDO INTERNATIONAL Call	MTD	592688105	$18.4M	0.35%	14,400	SH
40	TESLA INC Put	TSLA	88160R101	$18.3M	0.34%	43,400	SH
41	PFIZER INC Put	PFE	717081103	$18.1M	0.34%	750,300	SH
42	REPUBLIC SVCS INC Put	RSG	760759100	$17.6M	0.33%	82,700	SH
43	ASTERA LABS INC Put	ALAB	04626A103	$17.6M	0.33%	36,400	SH
44	DELL TECHNOLOGIES INC Put	DELL	24703L202	$17.5M	0.33%	40,500	SH
45	WELLTOWER INC Call	WELL	95040Q104	$17.4M	0.33%	76,800	SH
46	SALESFORCE INC Put	CRM	79466L302	$17.4M	0.33%	110,900	SH
47	NEWMONT CORP Put	NEM	651639106	$17.4M	0.33%	185,800	SH
48	VERTIV HOLDINGS CO Put	VRT	92537N108	$16.7M	0.31%	49,800	SH
49	PFIZER INC Call	PFE	717081103	$16.4M	0.31%	681,500	SH
50	CVS HEALTH CORP Call	CVS	126650100	$16.3M	0.31%	158,000	SH

Filing History

Period	Filed	AUM	Holdings	Accession
2026-06-30	2026-08-12	$5.31B	1,357	0001535588-26-000004
2026-03-31	2026-05-14	$4.75B	1,240	0001535588-26-000003
2025-12-31	2026-02-11	$11.46B	1,351	0001535588-26-000002
2025-09-30	2025-11-13	$24.04B	1,413	0001535588-25-000009

Filer Information

Address

6688 N. CENTRAL EXPRESSWAY
SUITE 1610
DALLAS, TX 75206

Phone

(214) 979-2310

Filing Manager

Twin Tree Management, LP

DALLAS, TX

Signatory

Joe Chiang

Chief Financial Officer and Chief Compliance Officer