Twin Tree Management, LP
Long book
$476.2M
Q1 2026
Positions
385
Top-10 weight
18%
concentration
Last quarter
+17.0%
SPY +14.8%
Turnover
69%
of book per quarter
Strategy in plain words
auto-generated from filingsTwin Tree Management, LP is a quantitative fund whose holdings reflect models, not opinions, running a $476.2M US long book across 385 positions.
The portfolio is broadly diversified across 385 positions (top 10 only 18%). Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: ISHARES GOLD TRUST, SPDR GOLD SHARES, SERVICENOW INC, LYONDELLBASELL INDU-CL A, MICROSOFT CORP.
Over the last 9 quarters its long book ran on average 1.5pp per quarter ahead of the S&P 500, beating the index in 5 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.1%
Q2 2024
+3.6%
Q3 2024
+0.6%
Q4 2024
-4.5%
Q1 2025
+17.4%
Q2 2025
+9.4%
Q3 2025
+5.9%
Q4 2025
+3.8%
Q1 2026
+17.0%
Sector allocation
Technology 30%
Industrials 16%
Other 13%
Consumer discretionary 9%
Financials 7%
Healthcare 7%
Services media 5%
Energy 4%
Long book by quarter
What does Twin Tree own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NOW SERVICENOW INC | Technology | 99.2K | $10.4M | 2.2% | +949.9% |
| LYB LYONDELLBASELL INDU-CL A | Other | 110.3K | $8.9M | 1.9% | +99.0% |
| MSFT MICROSOFT CORP | Technology | 23.1K | $8.5M | 1.8% | New |
| LULU LULULEMON ATHLETICA INC | Other | 51.7K | $7.9M | 1.7% | +442.4% |
| MU MICRON TECHNOLOGY INC | Technology | 20.9K | $7.0M | 1.5% | -21.8% |
| KR KROGER CO | Consumer discretionary | 96.6K | $7.0M | 1.5% | New |
| MRNA MODERNA INC | Healthcare | 125.2K | $6.4M | 1.3% | +83.6% |
| MCK MCKESSON CORP | Consumer discretionary | 7.0K | $6.1M | 1.3% | New |
| GLW CORNING INC | Industrials | 43.4K | $5.9M | 1.2% | -85.8% |
| RACE FERRARI NV | Industrials | 17.2K | $5.8M | 1.2% | -32.8% |
| CRWD CROWDSTRIKE HOLDINGS INC - A | Technology | 13.7K | $5.3M | 1.1% | +70.1% |
| NXT NEXTPOWER INC-CL A | Technology | 41.3K | $5.0M | 1.0% | New |
| MRVL MARVELL TECHNOLOGY INC | Technology | 44.3K | $4.4M | 0.9% | +16.3% |
| ASML ASML HOLDING NV-NY REG SHS | Industrials | 3.3K | $4.4M | 0.9% | -40.0% |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 9.0K | $4.3M | 0.9% | New |
| WLK WESTLAKE CORP | Other | 36.0K | $4.2M | 0.9% | New |
| DELL DELL TECHNOLOGIES -C | Technology | 25.6K | $4.2M | 0.9% | -62.9% |
| ANET ARISTA NETWORKS INC | Technology | 34.0K | $4.2M | 0.9% | New |
| RBRK RUBRIK INC-A | Technology | 85.0K | $4.2M | 0.9% | +204.3% |
| EL ESTEE LAUDER COMPANIES-CL A | Other | 56.2K | $4.0M | 0.8% | New |
| VRTX VERTEX PHARMACEUTICALS INC | Healthcare | 7.8K | $3.5M | 0.7% | New |
| HOOD ROBINHOOD MARKETS INC - A | Financials | 47.8K | $3.3M | 0.7% | New |
| META META PLATFORMS INC-CLASS A | Technology | 5.8K | $3.3M | 0.7% | +580.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 13.3K | $3.3M | 0.7% | -84.8% |
| DLTR DOLLAR TREE INC | Consumer discretionary | 29.4K | $3.2M | 0.7% | New |
| ALAB ASTERA LABS INC | Technology | 29.2K | $3.2M | 0.7% | -9.8% |
| CF CF INDUSTRIES HOLDINGS INC | Other | 24.6K | $3.2M | 0.7% | -32.9% |
| TSLA TESLA INC | Industrials | 8.2K | $3.1M | 0.6% | New |
| CPAY CORPAY INC | Services media | 10.3K | $3.0M | 0.6% | New |
| TJX TJX COMPANIES INC | Consumer discretionary | 18.7K | $3.0M | 0.6% | New |
| CMG CHIPOTLE MEXICAN GRILL INC | Consumer discretionary | 89.9K | $2.9M | 0.6% | +177.2% |
| AVGO BROADCOM INC | Technology | 9.2K | $2.9M | 0.6% | New |
| TD TORONTO-DOMINION BANK | Financials | 30.6K | $2.9M | 0.6% | -12.5% |
| COIN COINBASE GLOBAL INC -CLASS A | Financials | 15.1K | $2.6M | 0.6% | -88.1% |
| CHWY CHEWY INC - CLASS A | Consumer discretionary | 97.1K | $2.6M | 0.6% | +26.4% |
| VST VISTRA CORP | Utilities | 17.2K | $2.6M | 0.5% | +13.1% |
| SU SUNCOR ENERGY INC | Energy | 39.1K | $2.6M | 0.5% | +2923.2% |
| CI THE CIGNA GROUP | Financials | 9.6K | $2.6M | 0.5% | +34.8% |
| PAYX PAYCHEX INC | Services media | 27.0K | $2.5M | 0.5% | New |
| HEI HEICO CORP | Industrials | 8.6K | $2.4M | 0.5% | New |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 2.3K | $2.3M | 0.5% | New |
| OXY OCCIDENTAL PETROLEUM CORP | Energy | 35.0K | $2.3M | 0.5% | -43.3% |
| FFIV F5 INC | Technology | 7.8K | $2.3M | 0.5% | New |
| NKE NIKE INC -CL B | Other | 42.7K | $2.3M | 0.5% | -89.6% |
| AZN ASTRAZENECA PLC | Healthcare | 11.4K | $2.3M | 0.5% | New |
| GNRC GENERAC HOLDINGS INC | Industrials | 11.5K | $2.3M | 0.5% | +137.5% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 4.8K | $2.2M | 0.5% | +163.6% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 9.0K | $2.2M | 0.5% | -1.6% |
| EOG EOG RESOURCES INC | Energy | 15.1K | $2.2M | 0.5% | New |
| ATI ATI INC | Industrials | 15.0K | $2.2M | 0.5% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 1240 | $4.75B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 11, 2026 | 1351 | $11.46B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 1413 | $24.04B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 28, 2025 | 1549 | $53.68B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 1515 | $53.06B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 1543 | $55.85B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 13, 2024 | 1472 | $51.03B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 1304 | $44.29B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 9, 2024 | 1226 | $45.33B | canonical | SEC ↗ |
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