Twin Tree Management, LP
SEC Form 13F institutional filer · CIK 0001535588
13F-HR · 182 reported holdings · 2026-03-31
Reported long-US-equity value
$0.27B
Top-10 concentration
27.7%
Twin Tree Management, LP — $265M AUM allocation strategy
Twin Tree Management, LP files SEC Form 13F and reports $265M of long US equity value across 182 reported holdings for 2026-03-31.
Its largest sector bet is Information Technology 18.8%, followed by Health Care 6.0% and Materials 3.3%.
The top 10 holdings account for 28% of reported value — a broadly spread portfolio. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
Twin Tree Management, LP — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$265M
total across 182 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
28% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$NOW +89.8K sh · +$8.92M+$XLU +73K sh · +$3.43M+$CMG +57.5K sh · +$1.68M
Biggest trims (shares)
−$NKE −369K sh · −$24M−$XYZ −313K sh · −$20.5M−$GLW −261K sh · −$20.8M
Exited to nil (held last quarter, gone now)
$BMY ($19.2M last qtr)$LMT ($17.7M last qtr)$SPY ($15.1M last qtr)$NEM ($12.6M last qtr)$MS ($12.3M last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Systems Software9.1%—
- Semiconductors4.3%—
- Biotechnology3.7%—
- Specialty Chemicals3.3%—
- Apparel, Accessories & Luxury Goods3.0%—
- Food Retail2.6%—
- Health Care Distributors2.3%—
- Electronic Components2.2%—
- Other holdings69.4%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $NOW | ServiceNow Inc | 99.2K | $10.4M | +89.8K | 3.9% |
| $LYB | LyondellBasell Industries NV Ordinary Shares Class A | 110K | $8.89M | +54.9K | 3.4% |
| $MSFT | Microsoft Corporation | 23.1K | $8.55M | — | 3.2% |
| $LULU | lululemon athletica inc | 51.7K | $7.91M | +42.1K | 3.0% |
| $MU | Micron Technology Inc | 20.9K | $7.05M | -5.83K | 2.7% |
| $KR | Kroger Company | 96.6K | $6.99M | — | 2.6% |
| $MRNA | Moderna Inc | 125K | $6.36M | +57K | 2.4% |
| $MCK | McKesson Corporation | 7.03K | $6.08M | — | 2.3% |
| $GLW | Corning Incorporated | 43.4K | $5.9M | -261K | 2.2% |
| $CRWD | CrowdStrike Holdings Inc | 13.7K | $5.33M | +5.63K | 2.0% |
…and 172 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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