Twin Tree Management, LP

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CIK 1535588

13F portfolio (2026-Q1)

$476M

Positions

385

Implied 1Y CAGR

modeled · as filed

Long positions in SEC Section 13(f) securities (US-listed stocks, ADRs and ETFs), largest first · Δ vs 2025-Q4. A lagged quarterly snapshot (filed ≤45 days after quarter-end); excludes shorts, options, cash, and shares listed only on non-US exchanges — foreign companies held via a US listing or ADR (e.g. Alibaba, TSMC) ARE included.

Implied return what this book implies · modeled, not advice methodology →

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As filed = each book applied at its quarter-end (what the reported book did) · As copyable = applied at its statutory 45-day filing deadline (what a 13F follower could have earned).

Computing…

Hypothetical modeled performance constructed with hindsight — not actual results, and not indicative of future results. See the Disclaimer.

Exposures · what this manager owns, by sector & size (2026-Q1)

Holdings

385

Top 5

10.4%

Top 10

17.9%

Effective N

134.8

HHI

0.007

This quarter

210 new · 0 exit →

By sector

Information Technology27.5%

Unclassified13.7%

Consumer Discretionary12.9%

Materials11.0%

Industrials10.3%

Financials6.6%

Health Care5.6%

Energy3.2%

Other9.2%

By market cap

Large ($10–200B)54.8%

Unknown21.5%

Mega (>$200B)12.8%

Mid ($2–10B)10.7%

Small ($300M–2B)0.1%

By region

North America80.6%

Other13.7%

Europe3.7%

Asia-Pacific1.5%

Middle East0.4%

Africa0.0%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	15.86%	31
Software	10.08%	29
Semiconductors & Semiconductor Equipment	8.68%	24
Chemicals	6.36%	16
Technology Hardware & Equipment	5.75%	20
Pharmaceuticals & Biotechnology	3.96%	13
Metals & Mining	3.96%	18
Specialty Retail	3.23%	11
Oil, Gas & Consumable Fuels	3.18%	15
Aerospace & Defense	2.90%	13
Software & IT Services	2.79%	15
Banks	2.63%	14
Commercial Services & Supplies	2.61%	12
Machinery	2.57%	16
Utilities	2.47%	13
Hotels, Restaurants & Leisure	2.29%	10
Textiles, Apparel & Luxury Goods	2.28%	5
Automobiles & Components	1.90%	8
Capital Markets	1.84%	15
Food & Staples Retailing	1.47%	1
Distributors	1.41%	3
Equity Real Estate Investment Trusts (REITs)	1.26%	7
Food Products	1.17%	7
Media & Entertainment	1.07%	6
Health Care Equipment & Supplies	0.92%	5
Airlines	0.67%	5
Insurance	0.66%	3
Construction & Engineering	0.65%	9
Construction Materials	0.60%	4
Household Durables	0.58%	2
Professional Services	0.57%	3
Beverages	0.54%	5
Road & Rail	0.53%	4
Electrical Equipment & Components	0.53%	2
Communications Equipment	0.47%	2
Life Sciences Tools & Services	0.42%	2
Health Care Providers & Services	0.33%	6
Transportation Infrastructure	0.30%	1
Entertainment	0.23%	2
Diversified Telecommunication Services	0.14%	3
Paper & Forest Products	0.08%	3
Marine	0.06%	1
Media & Publishing	0.00%	1

Top holdings

#	Ticker	Name	Sector	Weight
1	IAU	ISHARES GOLD TR	Unclassified	2.32%
2	GLD	SPDR GOLD TR	Unclassified	2.21%
3	NOW	ServiceNow, Inc.	Information Technology	2.18%
4	LYB	LyondellBasell Industries N.V.	Materials	1.87%
5	MSFT	MICROSOFT CORP	Information Technology	1.80%
6	LULU	lululemon athletica inc.	Consumer Discretionary	1.66%
7	GDX	VANECK ETF TRUST GOLD MINERS ETF	Unclassified	1.56%
8	MU	MICRON TECHNOLOGY INC	Information Technology	1.48%
9	KR	KROGER CO	Consumer Staples	1.47%
10	MRNA	Moderna, Inc.	Health Care	1.34%

356/385 names classified · sector 86.3% of weight · industry 84.1% · mkt cap 78.5%; unclassified names shown, never dropped.

Sector allocation over time · how the GICS mix & top names shifted quarter by quarter

top 5/sector, rest → “Other” · 53 quarters

Information TechnologyNVDA, AVGO, TSM, ORCL, TER · other

Consumer DiscretionaryAMZN, TSLA, CMG, PCAR, LOW · other

IndustrialsFDX, BABA, MMM, BKNG, SPGI · other

FinancialsBRK.B, GS, PYPL, MA, COIN · other

Health CareBIIB, BMY, JNJ, AZN, BAX · other

MaterialsNKE, GLW, EL, LYB, B · other

EnergyDVN, MPC, CVX, PBR, PSX · other

Communication ServicesGOOGL, DIS, META, NFLX, ROKU · other

Consumer StaplesCVS, KO, KR, CPB, TAP · other

UtilitiesKMI, WMB, VST, NRG, FE · other

Real EstateSPG, AMT, EQIX, CCI, IRM · other

UnclassifiedSPY, Vaneck Vectors Gold Miners ETF, DIA, POWERSHARES QQQ TRUST, VOO · other

Sector is classified on each name's CURRENT fundamentals, not point-in-time — apparent sector drift can reflect the market re-rating a holding, not a manager trade. 13F is a lagged quarterly snapshot of long positions in US-listed securities only — foreign companies held via a US listing or ADR ARE included, but shares listed only on non-US exchanges (plus shorts, options and cash) are not. Latest quarter: 86.3% of the book is sector-classified (unclassified names shown, never dropped).

Style box · size × value-growth placement of the reported book (2026-Q1), classified on current fundamentals (not point-in-time) — load it into PORT to overlay your own portfolio

holdings, colored by sector (264 classified)Twin Tree Management, LP centroid (Mid Core)

Information TechnologyConsumer DiscretionaryMaterialsIndustrialsFinancialsHealth CareConsumer StaplesEnergyUtilitiesCommunication ServicesReal Estate

Style box summary for Twin Tree Management, LP: centroid Mid Core. Heaviest cells: Large Growth 16.8%, Mid Growth 10.9%, Mid Value 9.4%.

Classified: 65.0% of book weight (264/385 names) · unclassified 35.0%: IAU, GLD, GDX, MRNA, XBI, RACE, XRT, CRWD, XOP, XLE +111 more. Size: cap 70/20/10 bands; style: value/growth composite on our own metrics — not Morningstar's model.

Contribution holdings-based, any period

No contribution data for this period.

Holdings· 385 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	IAUISHARES GOLD TR	125,168	$11M	2.3%	NEW
2	GLDSPDR GOLD TR	24,477	$11M	2.2%	ADD 346%
3	NOWSERVICENOW INC	99,199	$10M	2.2%	ADD 950%
4	LYBLYONDELLBASELL INDUSTRIES N	110,313	$9M	1.9%	ADD 99%
5	MSFTMICROSOFT CORP	23,093	$9M	1.8%	NEW
6	LULULULULEMON ATHLETICA INC	51,665	$8M	1.7%	ADD 442%
7	GDXVANECK ETF TRUST GOLD MINERS ETF	80,951	$7M	1.6%	ADD 161%
8	MUMICRON TECHNOLOGY INC	20,867	$7M	1.5%	TRIM −22%
9	KRKROGER CO	96,645	$7M	1.5%	NEW
10	MRNAMODERNA INC	125,203	$6M	1.3%	ADD 84%
11	MCKMCKESSON CORP	7,028	$6M	1.3%	NEW
12	GLWCORNING INC	43,411	$6M	1.2%	TRIM −86%
13	XBISPDR SERIES TRUST	46,151	$6M	1.2%	ADD 1142%
14	RACEFERRARI N V	17,227	$6M	1.2%	TRIM −33%
15	XRTSPDR SERIES TRUST	71,270	$6M	1.2%	ADD 872%
16	CRWDCROWDSTRIKE HLDGS INC	13,659	$5M	1.1%	ADD 70%
17	NXTNEXTPOWER INC	41,278	$5M	1.0%	NEW
18	XOPSPDR SERIES TRUST	25,656	$5M	1.0%	NEW
19	XLESELECT SECTOR SPDR TR	74,039	$5M	1.0%	NEW
20	XLUSELECT SECTOR SPDR TR	98,694	$5M	1.0%	ADD 283%
21	MRVLMARVELL TECHNOLOGY INC	44,309	$4M	0.9%	ADD 16%
22	ASMLASML HOLDING N V	3,296	$4M	0.9%	TRIM −40%
23	BRK.BBERKSHIRE HATHAWAY INC DEL	8,980	$4M	0.9%	NEW
24	WLKWESTLAKE CORPORATION	35,977	$4M	0.9%	NEW
25	DELLDELL TECHNOLOGIES INC	25,606	$4M	0.9%	TRIM −63%
26	ANETARISTA NETWORKS INC	34,039	$4M	0.9%	NEW
27	RBRKRUBRIK INC.	85,031	$4M	0.9%	ADD 204%
28	EQIXEQUINIX INC	4,169	$4M	0.9%	ADD 108%
29	ELLAUDER ESTEE COS INC	56,234	$4M	0.8%	NEW
30	ARMARM HOLDINGS PLC	23,659	$4M	0.8%	TRIM −83%
31	VRTXVERTEX PHARMACEUTICALS INC	7,769	$3M	0.7%	NEW
32	HOODROBINHOOD MKTS INC	47,771	$3M	0.7%	NEW
33	METAMETA PLATFORMS INC	5,773	$3M	0.7%	ADD 580%
34	JNJJOHNSON & JOHNSON	13,322	$3M	0.7%	TRIM −85%
35	DLTRDOLLAR TREE INC	29,422	$3M	0.7%	NEW
36	ALABASTERA LABS INC	29,227	$3M	0.7%	TRIM −10%
37	CFCF INDS HLDGS INC	24,648	$3M	0.7%	TRIM −33%
38	TSLATESLA INC	8,217	$3M	0.6%	NEW
39	CPAYCORPAY INC	10,317	$3M	0.6%	NEW
40	TJXTJX COS INC NEW	18,667	$3M	0.6%	NEW
41	TMTOYOTA MOTOR CORP	14,039	$3M	0.6%	NEW
42	CMGCHIPOTLE MEXICAN GRILL INC	89,887	$3M	0.6%	ADD 177%
43	AVGOBROADCOM INC	9,233	$3M	0.6%	NEW
44	TDTORONTO DOMINION BK ONT	30,568	$3M	0.6%	TRIM −12%
45	COINCOINBASE GLOBAL INC	15,105	$3M	0.6%	TRIM −88%
46	CHWYCHEWY INC	97,118	$3M	0.6%	ADD 26%
47	VSTVISTRA CORP	17,235	$3M	0.5%	ADD 13%
48	SUSUNCOR ENERGY INC NEW	39,060	$3M	0.5%	ADD 2923%
49	CITHE CIGNA GROUP	9,574	$3M	0.5%	ADD 35%
50	PAYXPAYCHEX INC	26,959	$2M	0.5%	NEW
51	HEIHEICO CORP NEW	8,615	$2M	0.5%	NEW
52	COSTCOSTCO WHSL CORP NEW	2,283	$2M	0.5%	NEW
53	OXYOCCIDENTAL PETE CORP	34,977	$2M	0.5%	TRIM −43%
54	FFIVF5 INC	7,829	$2M	0.5%	NEW
55	NKENIKE INC	42,667	$2M	0.5%	TRIM −90%
56	AZNASTRAZENECA PLC	11,420	$2M	0.5%	NEW
57	GNRCGENERAC HLDGS INC	11,519	$2M	0.5%	ADD 137%
58	TSMTAIWAN SEMICONDUCTOR MFG LTD	6,580	$2M	0.5%	ADD 265%
59	ISRGINTUITIVE SURGICAL INC	4,763	$2M	0.5%	ADD 164%
60	IBMINTERNATIONAL BUSINESS MACHS	9,038	$2M	0.5%	HOLD
61	EOGEOG RES INC	15,149	$2M	0.5%	NEW
62	ATIALLEGHENY TECHNOLOGIES INC	14,980	$2M	0.5%	NEW
63	TEAMATLASSIAN CORPORATION	31,211	$2M	0.4%	ADD 108%
64	FNVFRANCO NEV CORP	8,410	$2M	0.4%	ADD 35%
65	SLBSCHLUMBERGER LTD	40,400	$2M	0.4%	TRIM −71%
66	IOTSAMSARA INC	65,174	$2M	0.4%	ADD 3533%
67	GDGENERAL DYNAMICS CORP	6,011	$2M	0.4%	NEW
68	RKLBROCKET LAB CORP	30,764	$2M	0.4%	ADD 46%
69	PYPLPAYPAL HLDGS INC	42,672	$2M	0.4%	TRIM −16%
70	HDVISHARES TR	14,162	$2M	0.4%	NEW
71	SNOWSNOWFLAKE INC	12,742	$2M	0.4%	ADD 370%
72	LVSLAS VEGAS SANDS CORP	35,372	$2M	0.4%	NEW
73	NVMINOVA LTD	4,315	$2M	0.4%	ADD 99%
74	AOSSMITH A O CORP	28,299	$2M	0.4%	NEW
75	RKTROCKET COS INC	129,673	$2M	0.4%	HOLD
76	SPOTSPOTIFY TECHNOLOGY S A	3,784	$2M	0.4%	NEW
77	TLNTALEN ENERGY CORP	5,624	$2M	0.4%	NEW
78	AVAVAEROVIRONMENT INC	9,793	$2M	0.4%	ADD 5001%
79	SBUXSTARBUCKS CORP	20,005	$2M	0.4%	TRIM −64%
80	IRINGERSOLL RAND INC	22,178	$2M	0.4%	NEW
81	CIENCIENA CORP	4,573	$2M	0.4%	TRIM −93%
82	ILMNILLUMINA INC	14,283	$2M	0.4%	TRIM −52%
83	AXONAXON ENTERPRISE INC	4,066	$2M	0.4%	TRIM −66%
84	EGOELDORADO GOLD CORP NEW	50,241	$2M	0.4%	ADD 471%
85	BHPBHP BILLITON LIMITED	22,757	$2M	0.3%	NEW
86	SAPSAP SE	9,618	$2M	0.3%	TRIM −68%
87	TWTRADEWEB MKTS INC	13,818	$2M	0.3%	NEW
88	FEZSPDR INDEX SHS FDS	25,837	$2M	0.3%	NEW
89	ONON SEMICONDUCTOR CORP	25,681	$2M	0.3%	TRIM −77%
90	PLTRPALANTIR TECHNOLOGIES INC	10,750	$2M	0.3%	NEW
91	AWKAMERICAN WTR WKS CO INC NEW	11,263	$2M	0.3%	ADD 1055%
92	STXSEAGATE TECHNOLOGY HLDNGS PL	3,853	$2M	0.3%	NEW
93	DASHDOORDASH INC	9,943	$1M	0.3%	ADD 729%
94	AAAlcoa Upstream Corp.	22,325	$1M	0.3%	ADD 253%
95	TTWOTAKE-TWO INTERACTIVE SOFTWAR	7,454	$1M	0.3%	NEW
96	BBYBest Buy Company, Inc.	22,682	$1M	0.3%	ADD 138%
97	XPOXPO INC	7,460	$1M	0.3%	NEW
98	ALBALBEMARLE CORP	8,060	$1M	0.3%	TRIM −58%
99	KTOSKRATOS DEFENSE & SEC SOLUTIO	20,479	$1M	0.3%	ADD 654%
100	LOGILOGITECH INTL S A	15,777	$1M	0.3%	NEW
101	SMCISUPER MICRO COMPUTER INC	62,355	$1M	0.3%	TRIM −79%
102	LHXL3HARRIS TECHNOLOGIES INC	4,104	$1M	0.3%	TRIM −12%
103	UBERUBER TECHNOLOGIES INC	19,628	$1M	0.3%	NEW
104	VICRVICOR CORP	8,634	$1M	0.3%	ADD 100%
105	SOSOUTHERN CO	14,377	$1M	0.3%	NEW
106	CELHCELSIUS HLDGS INC	38,607	$1M	0.3%	ADD 205%
107	CMCSACOMCAST CORP NEW	47,062	$1M	0.3%	NEW
108	OKLOOKLO INC	27,139	$1M	0.3%	ADD 22%
109	KHCKRAFT HEINZ CO	59,815	$1M	0.3%	ADD 235%
110	CRHCRH PLC	12,742	$1M	0.3%	NEW
111	SHOPSHOPIFY INC	11,273	$1M	0.3%	NEW
112	VLOVALERO ENERGY CORP	5,314	$1M	0.3%	NEW
113	COHRCOHERENT CORP	5,464	$1M	0.3%	NEW
114	RIVNRIVIAN AUTOMOTIVE INC	86,304	$1M	0.3%	TRIM −57%
115	CSCOCISCO SYS INC	16,194	$1M	0.3%	TRIM −60%
116	EXPEAGLE MATLS INC	6,606	$1M	0.3%	NEW
117	TEMTEMPUS AI INC	27,556	$1M	0.3%	ADD 282%
118	JOBYJOBY AVIATION INC	149,897	$1M	0.3%	TRIM −33%
119	UPSUNITED PARCEL SERVICE INC	12,444	$1M	0.3%	NEW
120	CHTRCHARTER COMMUNICATIONS INC	5,612	$1M	0.3%	NEW
121	MOSMOSAIC CO NEW	46,872	$1M	0.3%	ADD 337%
122	TWLOTWILIO INC	9,486	$1M	0.3%	NEW
123	BMOBANK MONTREAL MEDIUM	8,797	$1M	0.3%	NEW
124	GFSGLOBALFOUNDRIES INC	26,589	$1M	0.2%	TRIM −4%
125	BWXTBWX TECHNOLOGIES INC	5,715	$1M	0.2%	ADD 1404%
126	ZTSZOETIS INC	9,830	$1M	0.2%	HOLD
127	VWOVANGUARD INTL EQUITY INDEX F	21,439	$1M	0.2%	NEW
128	HLTHILTON WORLDWIDE HLDGS INC	3,745	$1M	0.2%	TRIM −22%
129	DINOHF SINCLAIR CORP	17,929	$1M	0.2%	NEW
130	LUVSOUTHWEST AIRLS CO	29,654	$1M	0.2%	NEW
131	BNTXBIONTECH SE	12,493	$1M	0.2%	NEW
132	ECLECOLAB INC	4,173	$1M	0.2%	NEW
133	MHKMOHAWK INDS INC	11,118	$1M	0.2%	NEW
134	ALGNALIGN TECHNOLOGY INC	6,317	$1M	0.2%	ADD 439%
135	UHSUniversal Health Svcs., Cl. B	5,795	$1M	0.2%	ADD 54%
136	ONTOONTO INNOVATION INC	5,036	$1M	0.2%	ADD 300%
137	ACNACCENTURE PLC IRELAND	5,113	$1M	0.2%	TRIM −90%
138	BLDTOPBUILD COR	2,879	$1M	0.2%	NEW
139	SNDKSANDISK CORP	1,590	$1M	0.2%	NEW
140	HALHALLIBURTON CO	25,530	$995,415	0.2%	NEW
141	DTDYNATRACE INC	26,907	$995,021	0.2%	NEW
142	CTSHCOGNIZANT TECHNOLOGY SOLUTIO	16,057	$985,097	0.2%	NEW
143	NTRNUTRIEN LTD	13,009	$981,659	0.2%	NEW
144	XYZBLOCK INC	16,049	$965,829	0.2%	TRIM −95%
145	CAVACAVA GROUP INC	11,920	$964,328	0.2%	NEW
146	LPLALPL FINL HLDGS INC	3,171	$953,932	0.2%	ADD 426%
147	VVISA INC	3,152	$952,660	0.2%	NEW
148	CRCRANE COMPANY	5,477	$936,567	0.2%	NEW
149	WCNWASTE CONNECTIONS INC	5,741	$932,568	0.2%	NEW
150	RIOTRIOT PLATFORMS INC	74,519	$921,055	0.2%	ADD 343%
151	ORCLORACLE CORP	6,205	$912,818	0.2%	ADD 37%
152	SNSHARKNINJA INC	8,611	$911,905	0.2%	TRIM −68%
153	APLDAPPLIED DIGITAL CORP	38,158	$905,871	0.2%	TRIM −17%
154	DECKDECKERS OUTDOOR CORP	9,049	$905,714	0.2%	TRIM −78%
155	IGVISHARES TR	11,278	$902,804	0.2%	TRIM −94%
156	BGBUNGE GLOBAL SA	7,038	$895,234	0.2%	TRIM −89%
157	DARDARLING INGREDIENTS INC	14,460	$894,351	0.2%	TRIM −65%
158	EWWISHARES INC MSCI MEXICO ETF	11,743	$883,426	0.2%	NEW
159	MTSIMACOM TECH SOLUTIONS HLDGS I	3,971	$881,840	0.2%	NEW
160	FCXFREEPORT MCMORAN INC	14,969	$879,878	0.2%	NEW
161	ADIANALOG DEVICES INC	2,764	$879,339	0.2%	NEW
162	SOLVSOLVENTUM CORP	13,404	$875,281	0.2%	NEW
163	DISDISNEY WALT CO	8,805	$848,626	0.2%	ADD 11799%
164	RLRALPH LAUREN CORP	2,464	$847,591	0.2%	ADD 216%
165	ALKAlaska Air Group, Inc.	22,730	$836,009	0.2%	NEW
166	FDXFEDEX CORP	2,317	$825,269	0.2%	NEW
167	CDWCDW CORP	6,809	$824,025	0.2%	NEW
168	GDXJVANECK ETF TRUST	6,776	$813,391	0.2%	NEW
169	TERTERADYNE INC	2,739	$812,004	0.2%	TRIM −98%
170	WYWEYERHAEUSER CO	33,144	$809,708	0.2%	ADD 33%
171	AMKRAMKOR TECHNOLOGY INC	17,917	$806,802	0.2%	TRIM −85%
172	MARMARRIOTT INTL INC NEW	2,459	$804,265	0.2%	ADD 78%
173	BROSDUTCH BROS INC	15,720	$796,375	0.2%	ADD 234%
174	ADBEADOBE INC	3,268	$794,385	0.2%	NEW
175	CNICANADIAN NATL RY CO	7,655	$786,704	0.2%	TRIM −37%
176	PIIMPINJ INC	7,654	$786,066	0.2%	NEW
177	NVDANVIDIA CORPORATION	4,504	$785,498	0.2%	TRIM −36%
178	ROKROCKWELL AUTOMATION INC	2,169	$778,411	0.2%	NEW
179	ENPHENPHASE ENERGY INC	20,563	$777,487	0.2%	ADD 2808%
180	LINLINDE PLC	1,553	$769,915	0.2%	NEW
181	GISGENERAL MILLS INC	19,982	$743,730	0.2%	NEW
182	EWZISHARES INC MSCI BRAZIL ETF	19,052	$731,406	0.2%	TRIM −88%
183	SHELSHELL PLC	7,864	$731,352	0.2%	NEW
184	VRSKVERISK ANALYTICS INC	3,844	$729,399	0.2%	ADD 202%
185	PATHUIPATH INC	64,775	$719,003	0.2%	TRIM −76%
186	VIAVVIAVI SOLUTIONS INC	21,334	$709,995	0.1%	NEW
187	MIRMIRION TECHNOLOGIES INC	38,075	$707,814	0.1%	ADD 51%
188	GOOGLALPHABET INC	2,444	$702,797	0.1%	NEW
189	CAGCONAGRA BRANDS INC	44,702	$702,715	0.1%	NEW
190	KLACKLA CORP	476	$700,867	0.1%	TRIM −96%
191	SMRNUSCALE PWR CORP	64,644	$700,741	0.1%	NEW
192	AMDADVANCED MICRO DEVICES INC	3,430	$697,765	0.1%	TRIM −92%
193	RGTIRIGETTI COMPUTING INC	49,159	$690,192	0.1%	ADD 106%
194	EMNEASTMAN CHEM CO	8,947	$682,835	0.1%	TRIM −46%
195	OSKOSHKOSH CORP	4,522	$665,684	0.1%	NEW
196	HALOHALOZYME THERAPEUTICS INC	10,248	$662,328	0.1%	NEW
197	CLSCELESTICA INC	2,344	$660,258	0.1%	TRIM −54%
198	NFLXNETFLIX INC	6,857	$659,301	0.1%	TRIM −69%
199	ABNBAIRBNB INC	5,218	$658,929	0.1%	NEW
200	FLRFLUOR CORP NEW	13,823	$644,843	0.1%	ADD 57%

showing the top 200 by weight

Position trends· top 15 holdings · shares held over 6 quarters

green added · red trimmed

Security

2024-Q4

2025-Q1

2025-Q2

2025-Q3

2025-Q4

2026-Q1

Latest value

IAUISHARES GOLD TR

—

89K

—

125K

$11M

GLDSPDR GOLD TR

—

33K

50K

70K

24K

$11M

NOWSERVICENOW INC

—

99K

$10M

LYBLYONDELLBASELL INDUSTRIES N

—

63K

26K

—

55K

110K

$9M

MSFTMICROSOFT CORP

108K

40K

—

23K

$9M

LULULULULEMON ATHLETICA INC

81K

43K

207K

48K

10K

52K

$8M

GDXVANECK ETF TRUST GOLD MINERS ETF

1.3M

678K

89K

—

31K

81K

$7M

MUMICRON TECHNOLOGY INC

335K

660K

31K

18K

27K

21K

$7M

KRKROGER CO

251K

—

25K

—

97K

$7M

MRNAMODERNA INC

—

366K

78K

68K

125K

$6M

MCKMCKESSON CORP

—

$6M

GLWCORNING INC

472K

145K

322K

446K

305K

43K

$6M

XBISPDR SERIES TRUST

453K

326K

368K

666K

46K

$6M

RACEFERRARI N V

33K

26K

—

12K

26K

17K

$6M

XRTSPDR SERIES TRUST

—

273K

343K

127K

71K

$6M

Shares reported each quarter by the largest current holdings. Green = added vs the prior filing of that name, red = trimmed, grey = roughly held; a dash is a quarter with no 13F on file (a gap is skipped, not read as an exit). 13F is filed up to 45 days after quarter-end. Up to 40 quarters (10 years) available — use the selector above.

☆Twin Tree Management, LP