TWIN TREE MANAGEMENT, LP

other names
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Adviser Profile
As of Date 03/29/2024
Adviser Type - Large advisory firm
Number of Employees 11 37.50%
of those in investment advisory functions 8 33.33%
Registration Texas, Terminated, 3/21/2012
Other registrations (1)
AUM* 8,633,164,520 49.54%
of that, discretionary 8,633,164,520 49.54%
Private Fund GAV* 8,633,164,520 49.54%
Avg Account Size 2,877,721,507 49.54%
SMA’s No
Private Funds 1
Contact Info 214 xxxxxxx

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
6B 5B 4B 4B 3B 2B 881M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$8,633,164,520

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Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker78462F103 Stock NameSPDR S&P 500 ETF TR (CALL) $ Position$4,265,269,598 % Position10.00% $ Change70.00% # Change63.00%
Stck Ticker78463V107 Stock NameSPDR GOLD TR (PUT) $ Position$2,778,122,638 % Position6.00% $ Change1.00% # Change-3.00%
Stck Ticker78462F103 Stock NameSPDR S&P 500 ETF TR (PUT) $ Position$1,601,476,108 % Position4.00% $ Change0.00% # Change-3.00%
Stck Ticker464287655 Stock NameISHARES TR (PUT) $ Position$964,173,855 % Position2.00% $ Change-5.00% # Change-2.00%
Stck Ticker464285204 Stock NameISHARES GOLD TR (PUT) $ Position$986,259,258 % Position2.00% $ Change35.00% # Change29.00%
Stck Ticker007903107 Stock NameADVANCED MICRO DEVICES INC (PUT) $ Position$256,064,717 % Position1.00% $ Change-51.00% # Change-46.00%
Stck Ticker46090E103 Stock NameINVESCO QQQ TR (CALL) $ Position$243,435,784 % Position1.00% $ Change-74.00% # Change-76.00%
Stck Ticker032654105 Stock NameANALOG DEVICES INC (PUT) $ Position$245,950,144 % Position1.00% $ Change # Change
Stck Ticker384802104 Stock NameGRAINGER W W INC (PUT) $ Position$275,363,645 % Position1.00% $ Change-34.00% # Change-25.00%
Stck Ticker464287655 Stock NameISHARES TR (CALL) $ Position$605,707,804 % Position1.00% $ Change0.00% # Change3.00%

Brochure Summary

Overview

FIRM DESCRIPTION Twin Tree Management, L.P., a Texas limited partnership and private investment advisory firm, was formed in 2009. We provide investment management and other services with respect to our affiliated private investment funds (the “Funds”) and have full discretionary authority with respect to their investment decisions. Our investment advisory services are provided in accordance with the investment objectives and guidelines set forth in the applicable offering and governing documents. The information set forth in this brochure is qualified in its entirety by the applicable offering and governing documents. PRINCIPAL OWNERS The general partner of Twin Tree Management, L.P. is Twin Tree Capital Management, LLC, a Texas limited liability company, which is owned and controlled by Michael E. Presley. Mr. Presley is also principal owner and a limited partner of Twin Tree Management, L.P. TYPES OF ADVISORY SERVICES We provide investment management and other services to the Funds with respect to a relative value investment strategy that seeks to profit from perceived mispricings in the implied volatility
and correlation markets. Our investment advisory services involve a variety of derivative instruments including listed and over-the-counter options, variance swaps, volatility swaps, correlation swaps, convertible bonds, structured products, and a hedging policy with respect to underlying securities. We are responsible for investing and re-investing the capital of the Funds in securities, financial instruments and/or other assets in accordance with the investment objectives, policies and guidelines set forth in the applicable offering and governing documents. See Item 8 below. We tailor our advisory services to the individual needs and objectives of the Funds, and investors are not permitted to impose restrictions and/or limitations on the Funds’ investments and strategies. However, we have entered and may enter into side agreements and other arrangements with certain investors that alter or modify the terms of the interests held thereby. ASSETS UNDER MANAGEMENT As of December 31, 2023, we had approximately $8,633,164,520 in regulatory assets under management. All of these assets were managed on a discretionary basis.