Fund Holdings

Twin Tree Management, LP

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Weight (%)
Change
INVESCO QQQ TRUST SERIES 1(Call)32,500427,700+395,20019,965,075246,859,883+226,894,808
ISHARES SILVER TRUST(SLV)(Call)41,700639,800+598,1002,686,31443,595,972+40,909,658
NVIDIA CORP(NVDA)(Call)5,100237,100+232,000951,15041,350,239+40,399,089
MICROSOFT CORPORATION(MSFT)(Put)089,700+89,700033,204,250+33,204,250
ISHARES INC.(Call)0526,500+526,500028,846,935+28,846,935
INVESCO QQQ TRUST SERIES 1(Put)15,30065,300+50,0009,398,94337,689,854+28,290,911
VANECK ETF TRUST(Put)
GOLD MINERS ETF
43,200344,000+300,8003,705,26431,568,879+27,863,615
GE VERNOVA INC.(GEV)(Call)5,00031,000+26,0003,267,85027,059,901+23,792,051
ISHARES TRUST(Call)160,300247,600+87,30039,459,44961,404,800+21,945,351
BRISTOL-MYERS SQUIBB CO.(BMY)(Put)243,100560,100+317,00013,112,81433,970,066+20,857,252
COSTCO WHOLESALE CORP(COST)(Put)019,800+19,800019,729,314+19,729,314
ISHARES SILVER TRUST(SLV)(Put)307,200516,500+209,30019,789,82335,194,310+15,404,487
BANK OF MONTREAL(Put)14,800123,500+108,7001,920,89216,714,490+14,793,598
CROWN CASTLE INC(CCI)(Call)0174,600+174,600014,196,726+14,196,726
PROCTER & GAMBLE CO.(PG)(Call)15,800112,800+97,0002,264,29816,292,832+14,028,534
AMPHENOL CORP.(Put)0107,600+107,600013,595,260+13,595,260
KROGER CO.(KR)(Put)0186,100+186,100013,466,196+13,466,196
W. P. CAREY INC(WPC)(Call)50,900228,900+178,0003,275,92415,556,044+12,280,120
GILEAD SCIENCES, INC.(GILD)(Call)086,300+86,300012,027,631+12,027,631
WALMART INC(WMT)(Put)094,100+94,100011,694,748+11,694,748
MCKESSON CORPORATION(MCK)(Put)2,00015,400+13,4001,640,58013,326,544+11,685,964
SLB LTD.(SLB)(Put)30,800247,200+216,4001,182,10412,703,608+11,521,504
ISHARES GOLD TRUST(IAU)0125,168+125,168011,034,8112.32%+11,034,811
FERGUSON ENTERPRISES INC.(FERG)(Put)046,800+46,800010,916,568+10,916,568
HEICO CORP.(HEI)(Put)039,700+39,700010,885,740+10,885,740
ISHARES TRUST(Call)067,700+67,700010,250,457+10,250,457
WASTE CONNECTIONS INC(WCN)(Call)062,500+62,500010,152,500+10,152,500
TYSON FOODS, INC.(TSN)(Call)0156,200+156,200010,007,734+10,007,734
3M CO.(MMM)(Call)9,50078,200+68,7001,520,95011,356,986+9,836,036
NASDAQ INC(NDAQ)(Call)0109,700+109,70009,312,433+9,312,433
SERVICENOW INC(NOW)9,44899,199+89,7511,447,33910,371,2562.18%+8,923,917
ULTA BEAUTY INC(ULTA)(Call)4,70021,800+17,1002,843,54711,395,078+8,551,531
MICROSOFT CORPORATION(MSFT)023,093+23,09308,548,3361.80%+8,548,336
BHP GROUP LIMITED(Put)5,600121,900+116,300338,0728,867,006+8,528,934
SPDR GOLD TRUST(GLD)5,49124,477+18,9862,176,13810,532,2092.21%+8,356,071
FORD MOTOR CO.(F)(Call)263,0001,004,200+741,2003,450,56011,588,468+8,137,908
ARISTA NETWORKS INC(ANET)(Put)39,100104,000+64,9005,123,27312,769,120+7,645,847
ALTRIA GROUP INC.(MO)(Put)14,000127,200+113,200807,2408,393,928+7,586,688
BIONTECH SE(BNTX)(Put)084,000+84,00007,465,920+7,465,920
STRATEGY INC.(MSTR)(Call)057,700+57,70007,200,960+7,200,960
W.W. GRAINGER INC.(GWW)(Put)7,60013,600+6,0007,668,78014,835,017+7,166,237
KROGER CO.(KR)096,645+96,64506,993,2321.47%+6,993,232
KEYSIGHT TECHNOLOGIES INC(KEYS)(Put)024,500+24,50006,918,065+6,918,065
EXTRA SPACE STORAGE INC.(EXR)(Call)23,30075,300+52,0003,034,1269,874,089+6,839,963
AMERICAN WATER WORKS CO. INC(Put)047,800+47,80006,505,102+6,505,102
LYONDELLBASELL INDUSTRIES NV
SHS - A -
55,438110,313+54,8752,400,4658,886,8151.87%+6,486,350
ASML HOLDING NV(Put)
N Y REGISTRY SHS
8,70011,900+3,2009,307,78215,717,876+6,410,094
ALBEMARLE CORP.(ALB)(Call)035,300+35,30006,337,409+6,337,409
VULCAN MATERIALS CO(VMC)(Call)022,900+22,90006,235,670+6,235,670
CATERPILLAR INC.(CAT)(Call)08,800+8,80006,234,448+6,234,448
VERISIGN INC.(Call)024,800+24,80006,159,328+6,159,328
MCKESSON CORPORATION(MCK)07,028+7,02806,081,7501.28%+6,081,750
OMNICOM GROUP, INC.(OMC)(Call)8,50089,600+81,100686,3756,747,776+6,061,401
LULULEMON ATHLETICA INC.(LULU)9,52551,665+42,1401,979,3907,909,9121.66%+5,930,522
U.S. BANCORP.(USB)(Call)3,000115,700+112,700160,0806,017,557+5,857,477
WASTE CONNECTIONS INC(WCN)(Put)034,900+34,90005,669,156+5,669,156
MOTOROLA SOLUTIONS INC(MSI)(Call)5,10017,500+12,4001,954,9327,594,475+5,639,543
ECOLAB, INC.(ECL)(Put)020,800+20,80005,533,216+5,533,216
SPDR SERIES TRUST
ST STR SP BIOT
3,71746,151+42,434453,2145,894,8671.24%+5,441,653
CHIPOTLE MEXICAN GRILL(CMG)(Put)44,400221,300+176,9001,642,8007,083,813+5,441,013
CORPAY INC.(CPAY)(Put)018,600+18,60005,412,414+5,412,414
MOODY`S CORP.(MCO)(Call)011,900+11,90005,191,375+5,191,375
SPDR SERIES TRUST
ST STR SP RETAIL
7,32971,270+63,941625,0905,735,0971.20%+5,110,007
STERIS PLC(STE)(Call)023,000+23,00005,085,990+5,085,990
SANDISK CORP(SNDK)(Put)07,900+7,90005,019,186+5,019,186
NEXTPOWER INC.041,278+41,27804,976,0631.04%+4,976,063
EMCOR GROUP, INC.(EME)(Put)06,700+6,70004,946,677+4,946,677
VANECK ETF TRUST
GOLD MINERS ETF
31,03980,951+49,9122,662,2157,428,8731.56%+4,766,658
EVERCORE INC(EVR)(Put)015,900+15,90004,746,309+4,746,309
SPDR SERIES TRUST
SP O&G EXPL PRO
025,656+25,65604,665,0310.98%+4,665,031
EXTRA SPACE STORAGE INC.(EXR)(Put)034,600+34,60004,537,098+4,537,098
SELECT SECTOR SPDR TRUST (TH
ST STR ENERG ETF
074,039+74,03904,535,6290.95%+4,535,629
GE HEALTHCARE TECHNOLOGIES I(GEHC)(Call)061,800+61,80004,398,924+4,398,924
SOUTH BOW CORP.(SOBO)(Call)0131,800+131,80004,391,576+4,391,576
MODERNA INC(MRNA)68,177125,203+57,0262,010,5406,360,3121.34%+4,349,772
VERTIV HOLDINGS CO(VRT)(Put)22,40031,700+9,3003,629,0247,943,386+4,314,362
MCKESSON CORPORATION(MCK)(Call)1,5006,400+4,9001,230,4355,538,304+4,307,869
BERKSHIRE HATHAWAY INC.08,980+8,98004,303,2160.90%+4,303,216
VENTURE GLOBAL INC.(VG)(Call)0270,900+270,90004,269,384+4,269,384
WESTLAKE CORPORATION(WLK)035,977+35,97704,202,8330.88%+4,202,833
XPO INC(XPO)(Put)8,60027,600+19,0001,168,8265,369,580+4,200,754
ARISTA NETWORKS INC(ANET)034,039+34,03904,179,3080.88%+4,179,308
NASDAQ INC(NDAQ)(Put)049,100+49,10004,168,099+4,168,099
A.O. SMITH CORP.(AOS)(Put)062,800+62,80004,141,032+4,141,032
ILLUMINA INC(ILMN)(Put)35,20070,800+35,6004,616,8328,726,808+4,109,976
SPDR SERIES TRUST(Put)
ST STR SP RETAIL
050,300+50,30004,047,641+4,047,641
ESTEE LAUDER COS., INC.(EL)056,234+56,23404,035,9140.85%+4,035,914
CRH PLC(Put)
ORD
038,200+38,20004,015,584+4,015,584
LULULEMON ATHLETICA INC.(LULU)(Put)41,10081,400+40,3008,540,99112,462,340+3,921,349
BRINK`S CO.(BCO)(Call)037,500+37,50003,886,125+3,886,125
CLOUDFLARE INC(NET)(Put)018,700+18,70003,858,558+3,858,558
TD SYNNEX CORP(SNX)(Call)022,800+22,80003,846,588+3,846,588
EMERSON ELECTRIC CO.(EMR)(Call)028,700+28,70003,760,274+3,760,274
TOPBUILD CORP(Put)010,700+10,70003,758,910+3,758,910
REXFORD INDUSTRIAL REALTY IN(REXR)(Call)0109,400+109,40003,580,662+3,580,662
SOLVENTUM CORP(SOLV)(Put)053,800+53,80003,513,140+3,513,140
VERTEX PHARMACEUTICALS, INC.(VRTX)07,769+7,76903,469,1690.73%+3,469,169
SELECT SECTOR SPDR TRUST (TH
ST STR UTIL ETF
25,73698,694+72,9581,098,6704,529,0680.95%+3,430,398
ROCKWELL AUTOMATION INC(ROK)(Put)09,500+9,50003,409,360+3,409,360
FERGUSON ENTERPRISES INC.(FERG)(Call)014,600+14,60003,405,596+3,405,596
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