TTTwin Tree Management, LP

Top Holdings1,267 positions

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Activity:AllNewIncreasedDecreasedExitedUnchangedFirst report

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
??SPDR S&P 500 ETF TR PUT	18.7M	$7.2B	15.5%	—	—	—	—	Decreased —
??SPDR S&P 500 ETF TR CALL Delisted	8.4M	$3.2B	6.9%	—	—	—	—	Decreased —
??INVESCO QQQ TR PUT	4.8M	$1.3B	2.7%	—	—	—	—	Increased —
IWM PUT ISHARES RUSSELL 2000 ETF	5.1M	$887.6M	1.9%	—	—	—	—	New —
??INVESCO QQQ TR CALL Delisted	3.3M	$885.2M	1.9%	—	—	—	—	Decreased —
??SPDR GOLD TR PUT Delisted	4.1M	$689.6M	1.5%	—	—	—	—	Decreased —
SLX CALL VANECK ETF TRUST	4.3M	$660.7M	1.4%	—	—	—	—	Increased —
??ISHARES TR CALL Delisted	1.2M	$417.1M	0.9%	—	—	—	—	Increased —
??SELECT SECTOR SPDR TR CALL Delisted	5.1M	$379.9M	0.8%	—	—	—	—	Decreased —
??ISHARES SILVER TR PUT	14.1M	$311.6M	0.7%	—	—	—	—	Increased —
??SPDR SER TR CALL Delisted	3.7M	$308.6M	0.7%	—	—	—	—	Increased —
??NVIDIA CORPORATION PUT	2.1M	$307.1M	0.7%	—	—	—	—	Decreased —
??ISHARES TR PUT Delisted	1.8M	$293.8M	0.6%	—	—	—	—	Increased —
??NIKE INC PUT Delisted	2.4M	$282.6M	0.6%	—	—	—	—	Increased —
??BERKSHIRE HATHAWAY INC DEL PUT	906,200	$279.9M	0.6%	—	—	—	—	Increased —
??AMAZON COM INC PUT	3.3M	$273.4M	0.6%	—	—	—	—	Decreased —
??META PLATFORMS INC CALL Delisted	2.2M	$263.9M	0.6%	—	—	—	—	Increased —
??VANECK ETF TRUST PUT Delisted	4.1M	$257.2M	0.6%	—	—	—	—	Increased —
??FREEPORT-MCMORAN INC PUT	6.6M	$250M	0.5%	—	—	—	—	Increased —
??BOEING CO PUT	1.2M	$237.3M	0.5%	—	—	—	—	Increased —

$46.2B

AUM

1,267

Positions

Q4 2022

Filing

HI score · 1.0/5

Quarterly 13F Value Change

FilingEquity

Activity profile

$ moved · Q4'22

New13%Increased29%Decreased48%Exited11%

Composition

Equity vs derivatives

Equity7%Puts52%Calls41%

Holding period

Avg 1.2 years

<1Q11%1-4Q60%1-2Y2%2Y+27%

Twin Tree Management, LP manages $46.2B across 1267 positions as of Q4 2022. Top holdings: SPDR S&P 500 ETF TR puts (15.5%), SPDR S&P 500 ETF TR calls (6.9%), INVESCO QQQ TR puts (2.7%). Fund DNA: Momentum Trader. HoldingsIntel Score: 1/5.0.

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

MQ2Q held

MARQETA INC

Avg $7.08 · $22 est. P&L

—

Est. P&L

+155.79%

VTI1Q held

VANGUARD TOTAL STOCK MARKET ETF

Avg $181.91 · $14.8M est. P&L

—

Est. P&L

+109.96%

RNR1Q held

RenaissanceRe Holdings Ltd

Avg $180.74 · $30,580 est. P&L

—

Est. P&L

+83.35%

Top Losers

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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.