Tower Research Capital LLC (TRC)

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CIK 1533421

13F portfolio (2026-Q1)

$3.8B

Positions

5,081

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

5080

Top 5

14.3%

Top 10

21.5%

Effective N

144.9

HHI

0.007

This quarter

715 new · 0 exit →

By sector

Unclassified29.8%

Information Technology21.8%

Financials7.8%

Consumer Discretionary7.6%

Industrials6.7%

Health Care6.3%

Communication Services5.5%

Energy3.8%

Other10.7%

By market cap

Unknown36.3%

Mega (>$200B)28.2%

Large ($10–200B)27.2%

Mid ($2–10B)6.5%

Small ($300M–2B)1.6%

Micro (<$300M)0.3%

By region

North America65.9%

Other29.8%

Europe3.8%

Asia-Pacific0.3%

Middle East0.1%

Latin America0.0%

Africa0.0%

By industry group GICS — finer than sector

Industry group	Weight	Names
Unclassified	30.35%	1232
Semiconductors & Semiconductor Equipment	9.11%	116
Technology Hardware & Equipment	5.96%	120
Software	4.95%	162
Pharmaceuticals & Biotechnology	4.80%	488
Oil, Gas & Consumable Fuels	3.75%	116
Software & IT Services	3.65%	143
Specialty Retail	3.48%	126
Banks	3.16%	402
Utilities	2.67%	109
Equity Real Estate Investment Trusts (REITs)	2.34%	168
Commercial Services & Supplies	2.25%	142
Automobiles & Components	2.14%	52
Machinery	2.09%	144
Insurance	1.70%	118
Capital Markets	1.63%	93
Chemicals	1.53%	113
Beverages	1.36%	27
Diversified Telecommunication Services	1.34%	44
Health Care Equipment & Supplies	1.17%	148
Aerospace & Defense	1.11%	52
Metals & Mining	1.10%	104
Media & Entertainment	1.10%	66
Hotels, Restaurants & Leisure	0.83%	65
Road & Rail	0.56%	22
Distributors	0.49%	72
Construction & Engineering	0.49%	52
Electrical Equipment & Components	0.47%	17
Food Products	0.41%	45
Transportation Infrastructure	0.38%	17
Tobacco	0.36%	5
Communications Equipment	0.35%	28
Textiles, Apparel & Luxury Goods	0.33%	36
Health Care Providers & Services	0.29%	66
Real Estate Management & Development	0.28%	47
Construction Materials	0.25%	28
Airlines	0.23%	19
Paper & Forest Products	0.23%	25
Marine	0.21%	29
Professional Services	0.17%	35
Entertainment	0.17%	35
Media & Publishing	0.17%	18
Life Sciences Tools & Services	0.12%	26
Food & Staples Retailing	0.12%	13
Diversified Consumer Services	0.10%	30
Household Durables	0.08%	25
Coal & Consumable Fuels	0.06%	7
Leisure Products	0.05%	19
Agricultural Products	0.04%	14

Top holdings

#	Ticker	Name	Sector	Weight
1	QQQ	INVESCO QQQ TR	Unclassified	3.63%
2	SOXL	DIREXION SHS ETF TR	Unclassified	2.96%
3	AAPL	Apple Inc.	Information Technology	2.91%
4	MSFT	MICROSOFT CORP	Information Technology	2.43%
5	MU	MICRON TECHNOLOGY INC	Information Technology	2.36%
6	TSLA	Tesla, Inc.	Consumer Discretionary	1.80%
7	NVDA	NVIDIA CORP	Information Technology	1.71%
8	AVGO	Broadcom Inc.	Information Technology	1.44%
9	GOOGL	Alphabet Inc.	Communication Services	1.27%
10	AGG	ISHARES TR	Unclassified	1.03%

3855/5080 names classified · sector 70.2% of weight · industry 69.6% · mkt cap 63.7%; unclassified names shown, never dropped.

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

top 5/sector, rest → “Other” · 52 quarters

Information TechnologyAAPL, MSFT, NVDA, TSM, MU · other

FinancialsBRK.B, JPM, UNH, V, BAC · other

Consumer DiscretionaryAMZN, TSLA, HD, COST, WMT · other

IndustrialsBA, HON, CAT, MMM, LRCX · other

Health CareJNJ, AMGN, LLY, GILD, GSK · other

Communication ServicesMETA, GOOGL, GOOG, NFLX, DIS · other

MaterialsPG, NKE, LIN, RIO, NEU · other

EnergyXOM, CVX, SLB, BP, SHEL · other

Real EstateAMT, PLD, SPG, PSA, CPT · other

Consumer StaplesPEP, KO, PM, CVS, DEO · other

UtilitiesNEE, SO, D, SRE, CEG · other

UnclassifiedSPY, IWM, POWERSHARES QQQ TRUST, QQQ, EEM · 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: 70.2% 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 (2163 classified)Tower Research Capital LLC (TRC) centroid (Large Core)

Information TechnologyConsumer DiscretionaryFinancialsIndustrialsCommunication ServicesHealth CareUtilitiesReal EstateMaterialsEnergyConsumer Staples

Style box summary for Tower Research Capital LLC (TRC): centroid Large Core. Heaviest cells: Large Growth 19.7%, Large Core 13.5%, Large Value 6.4%.

Classified: 58.7% of book weight (2163/5001 names) · unclassified 41.3%: QQQ, SOXL, AGG, SPY, PPH, SPIB, VOD, JAAA, SHEL, GSK +2828 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· 5,081 positions (2026-Q1) · largest first · Δ vs 2025-Q4

#	Security	Shares	Value	Weight	Δ QoQ
1	QQQINVESCO QQQ TR	241,703	$140M	3.6%	ADD 2685489%
2	SOXLDIREXION SHS ETF TR	2,381,162	$114M	3.0%	ADD 888393%
3	AAPLAPPLE INC	441,968	$112M	2.9%	TRIM −44%
4	MSFTMICROSOFT CORP	252,983	$94M	2.4%	TRIM −25%
5	MUMICRON TECHNOLOGY INC	268,948	$91M	2.4%	ADD 168%
6	TSLATESLA INC	186,139	$69M	1.8%	ADD 10%
7	NVDANVIDIA CORPORATION	376,365	$66M	1.7%	TRIM −60%
8	AVGOBROADCOM INC	179,070	$55M	1.4%	TRIM −29%
9	GOOGLALPHABET INC	169,323	$49M	1.3%	TRIM −42%
10	AGGISHARES TR	400,371	$40M	1.0%	NEW
11	SPYSTATE STR SPDR S&P 500 ETF T	54,144	$35M	0.9%	ADD 7781%
12	PPHVANECK ETF TRUST	304,499	$32M	0.8%	ADD 3380%
13	AMZNAMAZON COM INC	150,819	$31M	0.8%	TRIM −70%
14	JPMJPMORGAN CHASE & CO	99,893	$29M	0.8%	ADD 2%
15	METAMETA PLATFORMS INC	49,165	$28M	0.7%	TRIM −62%
16	GOOGALPHABET INC	92,814	$27M	0.7%	TRIM −68%
17	WMTWALMART INC	210,293	$26M	0.7%	ADD 30%
18	SPIBSPDR SERIES TRUST	755,550	$25M	0.7%	NEW
19	CVXCHEVRON CORP NEW	117,132	$24M	0.6%	ADD 87%
20	VODVODAFONE GROUP PLC	1,608,450	$24M	0.6%	ADD 21%
21	JAAAJANUS DETROIT STR TR	473,439	$24M	0.6%	NEW
22	SHELSHELL PLC	251,055	$23M	0.6%	ADD 481%
23	GSKGSK PLC	375,994	$21M	0.5%	ADD 64%
24	LLYELI LILLY & CO	21,848	$20M	0.5%	ADD 15%
25	COSTCOSTCO WHSL CORP NEW	19,913	$20M	0.5%	TRIM −42%
26	XOMEXXON MOBIL CORP	115,165	$20M	0.5%	ADD 59%
27	BPBP PLC	414,562	$19M	0.5%	ADD 32%
28	NFLXNETFLIX INC	184,391	$18M	0.5%	TRIM −43%
29	BRK.BBERKSHIRE HATHAWAY INC DEL	36,009	$17M	0.4%	TRIM −30%
30	JNJJOHNSON & JOHNSON	67,436	$16M	0.4%	ADD 11%
31	MAMASTERCARD INCORPORATED	31,955	$16M	0.4%	ADD 48%
32	AZNASTRAZENECA PLC	80,835	$16M	0.4%	NEW
33	DEODIAGEO PLC	212,772	$16M	0.4%	ADD 25%
34	SNDKSANDISK CORP	23,440	$15M	0.4%	ADD 330%
35	LINLINDE PLC	29,993	$15M	0.4%	TRIM −10%
36	VVISA INC	47,231	$14M	0.4%	TRIM −14%
37	XLISELECT SECTOR SPDR TR	85,664	$14M	0.4%	NEW
38	AMATAPPLIED MATLS INC	39,984	$14M	0.4%	TRIM −33%
39	ADIANALOG DEVICES INC	41,133	$13M	0.3%	ADD 15%
40	USMVISHARES TR	140,619	$13M	0.3%	ADD 286%
41	USFRWISDOMTREE TR	258,347	$13M	0.3%	TRIM −60%
42	HDHOME DEPOT INC	38,990	$13M	0.3%	TRIM −19%
43	OIHVANECK ETF TRUST	31,181	$13M	0.3%	ADD 376%
44	SHOPSHOPIFY INC	105,673	$13M	0.3%	ADD 71%
45	ASMLASML HOLDING N V	9,299	$12M	0.3%	TRIM −41%
46	PLTRPALANTIR TECHNOLOGIES INC	82,056	$12M	0.3%	TRIM −52%
47	IWNISHARES TR	61,728	$12M	0.3%	ADD 365%
48	TMUST-MOBILE US INC	53,825	$11M	0.3%	HOLD
49	VIGVANGUARD SPECIALIZED FUNDS	52,252	$11M	0.3%	NEW
50	PANWPALO ALTO NETWORKS INC	68,639	$11M	0.3%	ADD 35%
51	APHAMPHENOL CORP	84,788	$11M	0.3%	ADD 130%
52	BKNGBOOKING HOLDINGS INC	2,515	$11M	0.3%	TRIM −10%
53	FLOTISHARES TR	205,745	$10M	0.3%	NEW
54	CLOABLACKROCK ETF TRUST II	200,422	$10M	0.3%	ADD 219%
55	KLACKLA CORP	7,012	$10M	0.3%	TRIM −35%
56	IWOISHARES TR	32,741	$10M	0.3%	ADD 3201%
57	NXPINXP SEMICONDUCTORS N V	51,781	$10M	0.3%	ADD 8%
58	VTVVANGUARD INDEX FDS	51,043	$10M	0.3%	ADD 231914%
59	LRCXLAM RESEARCH CORP	45,496	$10M	0.3%	TRIM −58%
60	AMGNAMGEN INC	27,030	$10M	0.2%	TRIM −41%
61	PEPPEPSICO INC	60,548	$9M	0.2%	TRIM −39%
62	CSCOCISCO SYS INC	120,723	$9M	0.2%	TRIM −60%
63	APPAPPLOVIN CORP	23,007	$9M	0.2%	ADD 10%
64	TTETotalEnergies SE	98,140	$9M	0.2%	ADD 1119%
65	ADBEADOBE INC	36,724	$9M	0.2%	ADD 11%
66	RIORIO TINTO PLC	95,298	$9M	0.2%	ADD 6%
67	ARGXARGENX SE	12,112	$9M	0.2%	TRIM −21%
68	MCHPMICROCHIP TECHNOLOGY INC.	136,647	$9M	0.2%	ADD 10%
69	RTXRTX CORPORATION	45,471	$9M	0.2%	ADD 75%
70	CMCSACOMCAST CORP NEW	305,122	$9M	0.2%	ADD 26%
71	SBUXSTARBUCKS CORP	97,732	$9M	0.2%	ADD 15%
72	CCITIGROUP INC	76,166	$9M	0.2%	ADD 64%
73	NSCNORFOLK SOUTHN CORP	29,803	$9M	0.2%	ADD 227%
74	GSGOLDMAN SACHS GROUP INC	10,041	$8M	0.2%	TRIM −47%
75	MSMORGAN STANLEY	50,968	$8M	0.2%	ADD 11%
76	XLRESELECT SECTOR SPDR TR	205,235	$8M	0.2%	ADD 595%
77	IVEISHARES TR	39,463	$8M	0.2%	ADD 4851%
78	WELLWELLTOWER INC	42,002	$8M	0.2%	ADD 109%
79	SPSBSPDR SERIES TRUST	276,085	$8M	0.2%	NEW
80	GEGE AEROSPACE	28,386	$8M	0.2%	ADD 8%
81	AMTAMERICAN TOWER CORP	46,297	$8M	0.2%	ADD 39%
82	TERTERADYNE INC	26,446	$8M	0.2%	TRIM −23%
83	CTASCINTAS CORP	46,165	$8M	0.2%	ADD 71%
84	INTCINTEL CORP	175,313	$8M	0.2%	TRIM −61%
85	BLKBLACKROCK INC	8,013	$8M	0.2%	ADD 31%
86	PGPROCTER AND GAMBLE CO	52,710	$8M	0.2%	TRIM −43%
87	BILSPDR SERIES TRUST	82,749	$8M	0.2%	TRIM −26%
88	PMPHILIP MORRIS INTL INC	45,591	$8M	0.2%	HOLD
89	KOCOCA COLA CO	98,087	$7M	0.2%	ADD 12%
90	PLDPROLOGIS INC.	56,157	$7M	0.2%	ADD 121%
91	VNQVANGUARD INDEX FDS	83,495	$7M	0.2%	NEW
92	UNHUNITEDHEALTH GROUP INC	27,308	$7M	0.2%	TRIM −41%
93	GILDGILEAD SCIENCES INC	52,946	$7M	0.2%	TRIM −39%
94	RWRSPDR SERIES TRUST	73,045	$7M	0.2%	NEW
95	ISRGINTUITIVE SURGICAL INC	15,627	$7M	0.2%	TRIM −39%
96	WBDWARNER BROS DISCOVERY INC	260,093	$7M	0.2%	ADD 62%
97	LABUDIREXION SHS ETF TR	42,919	$7M	0.2%	ADD 86%
98	BUDANHEUSER BUSCH INBEV SA/NV	101,049	$7M	0.2%	ADD 70%
99	XLYSELECT SECTOR SPDR TR	64,276	$7M	0.2%	TRIM −8%
100	WDCWESTERN DIGITAL CORP	25,813	$7M	0.2%	TRIM −3%
101	HONHONEYWELL INTL INC	30,564	$7M	0.2%	TRIM −52%
102	COFCAPITAL ONE FINL CORP	37,686	$7M	0.2%	ADD 12%
103	WFCWELLS FARGO CO NEW	85,891	$7M	0.2%	ADD 3%
104	SPUUDIREXION SHS ETF TR	41,350	$7M	0.2%	ADD 1031%
105	MTSIMACOM TECH SOLUTIONS HLDGS I	30,618	$7M	0.2%	ADD 124%
106	MARMARRIOTT INTL INC NEW	20,645	$7M	0.2%	ADD 8%
107	BSXBOSTON SCIENTIFIC CORP	107,293	$7M	0.2%	ADD 58%
108	TXNTEXAS INSTRS INC	34,446	$7M	0.2%	TRIM −59%
109	IYFISHARES TR	56,587	$7M	0.2%	ADD 514327%
110	BILZPIMCO ETF TR	65,648	$7M	0.2%	NEW
111	NOWSERVICENOW INC	62,577	$7M	0.2%	ADD 25%
112	ABBVABBVIE INC	30,065	$7M	0.2%	TRIM −20%
113	UPROPROSHARES TR	67,239	$7M	0.2%	ADD 147%
114	AEGAEGON LTD	885,320	$6M	0.2%	ADD 28%
115	AEPAMERICAN ELEC PWR CO INC	47,979	$6M	0.2%	ADD 28%
116	CEGCONSTELLATION ENERGY CORP	22,334	$6M	0.2%	TRIM −3%
117	AMDADVANCED MICRO DEVICES INC	30,638	$6M	0.2%	TRIM −82%
118	VRTXVERTEX PHARMACEUTICALS INC	13,904	$6M	0.2%	ADD 2%
119	MELIMERCADOLIBRE INC	3,561	$6M	0.2%	ADD 52%
120	EQIXEQUINIX INC	6,277	$6M	0.2%	ADD 219%
121	SCHHSCHWAB STRATEGIC TR	285,716	$6M	0.2%	ADD 169%
122	XLGINVESCO EXCHANGE TRADED FD T	112,209	$6M	0.2%	ADD 1867%
123	INTUINTUIT	14,153	$6M	0.2%	TRIM −31%
124	LMTLOCKHEED MARTIN CORP	10,064	$6M	0.2%	ADD 46%
125	IBBISHARES TR	35,945	$6M	0.2%	ADD 92%
126	CRMSALESFORCE INC	32,491	$6M	0.2%	TRIM −6%
127	WMBWILLIAMS COS INC	83,263	$6M	0.2%	ADD 118%
128	CLOZSERIES PORTFOLIOS TR	235,706	$6M	0.2%	ADD 17%
129	SPMDSPDR SERIES TRUST	100,952	$6M	0.2%	ADD 438822%
130	VUSBVANGUARD BD INDEX FDS	119,216	$6M	0.2%	NEW
131	CATCATERPILLAR INC	8,370	$6M	0.2%	TRIM −55%
132	VXFVANGUARD INDEX FDS	27,992	$6M	0.1%	ADD 349800%
133	SKYYFIRST TR EXCHANGE-TRADED FD	52,033	$6M	0.1%	ADD 28%
134	SPIPSPDR SERIES TRUST	215,794	$6M	0.1%	ADD 638%
135	ANETARISTA NETWORKS INC	45,645	$6M	0.1%	ADD 35%
136	PGRPROGRESSIVE CORP	28,246	$6M	0.1%	TRIM −14%
137	PMMFBLACKROCK ETF TRUST	55,178	$6M	0.1%	NEW
138	ABTABBOTT LABS	53,293	$5M	0.1%	ADD 34%
139	XARSPDR SERIES TRUST	21,404	$5M	0.1%	ADD 16%
140	VZVERIZON COMMUNICATIONS INC	108,099	$5M	0.1%	TRIM −37%
141	TSMTAIWAN SEMICONDUCTOR MFG LTD	16,022	$5M	0.1%	TRIM −19%
142	MUBISHARES TR	50,847	$5M	0.1%	ADD 423625%
143	ENTGENTEGRIS INC	46,014	$5M	0.1%	ADD 55%
144	ISHARES TR	587,117	$5M	0.1%	ADD 436%
145	MRKMERCK & CO INC	44,739	$5M	0.1%	TRIM −45%
146	BILSSPDR SERIES TRUST	53,656	$5M	0.1%	NEW
147	DHRDANAHER CORP DEL	28,064	$5M	0.1%	ADD 103%
148	MGKVanguard Mega Cap Growth ETF	14,308	$5M	0.1%	ADD 680%
149	XHBSPDR SERIES TRUST	53,236	$5M	0.1%	NEW
150	SGVTSCHWAB STRATEGIC TR	52,155	$5M	0.1%	TRIM −33%
151	BACBANK AMERICA CORP	107,657	$5M	0.1%	TRIM −47%
152	SCHOSCHWAB SHORT-TERM US TREASURY ETF	215,761	$5M	0.1%	ADD 38987%
153	SPTBSPDR SERIES TRUST	171,996	$5M	0.1%	ADD 100%
154	IWPISHARES TR	39,950	$5M	0.1%	ADD 20816%
155	NEENEXTERA ENERGY INC	55,017	$5M	0.1%	ADD 73%
156	IYTISHARES TR	66,988	$5M	0.1%	ADD 52%
157	FTECFIDELITY COVINGTON TRUST	23,466	$5M	0.1%	ADD 230%
158	TQQQPROSHARES TR	115,397	$5M	0.1%	ADD 229%
159	FANGDIAMONDBACK ENERGY INC	24,177	$5M	0.1%	ADD 88%
160	ROSTROSS STORES INC	22,057	$5M	0.1%	TRIM −14%
161	FTNTFORTINET INC	58,290	$5M	0.1%	ADD 11%
162	PDDPDD HOLDINGS INC	46,461	$5M	0.1%	ADD 21%
163	VSTVISTRA CORP	30,571	$5M	0.1%	ADD 66%
164	PCGPG&E CORP	258,061	$5M	0.1%	ADD 198%
165	MOALTRIA GROUP INC	68,036	$4M	0.1%	ADD 11%
166	EXCEXELON CORP	91,013	$4M	0.1%	ADD 23%
167	SEIXVIRTUS ETF TR II	192,342	$4M	0.1%	ADD 196%
168	MOATVANECK ETF TRUST	45,757	$4M	0.1%	ADD 915040%
169	ALABASTERA LABS INC	40,195	$4M	0.1%	ADD 58%
170	FCXFREEPORT MCMORAN INC	74,747	$4M	0.1%	TRIM −3%
171	NVMINOVA LTD	10,060	$4M	0.1%	ADD 18%
172	IAIISHARES TR	26,586	$4M	0.1%	ADD 3403%
173	HIMUBLACKROCK ETF TRUST II	90,152	$4M	0.1%	ADD 72%
174	PHPARKER-HANNIFIN CORP	4,812	$4M	0.1%	ADD 11%
175	GRNYTidal TR Fundstrat Granny Shots US LC ETF	178,871	$4M	0.1%	ADD 471%
176	ADPAUTOMATIC DATA PROCESSING IN	20,932	$4M	0.1%	TRIM −36%
177	USDPROSHARES TR	87,711	$4M	0.1%	ADD 135%
178	XBISPDR SERIES TRUST	32,918	$4M	0.1%	ADD 3179%
179	CBRECBRE GROUP INC	30,993	$4M	0.1%	ADD 135%
180	MCDMCDONALDS CORP	13,486	$4M	0.1%	TRIM −65%
181	FASTFASTENAL CO	90,156	$4M	0.1%	ADD 2%
182	SHWSHERWIN WILLIAMS CO	12,974	$4M	0.1%	TRIM −48%
183	DASHDOORDASH INC	27,568	$4M	0.1%	TRIM −22%
184	STIPISHARES TR	39,814	$4M	0.1%	TRIM −66%
185	CGMUCAPITAL GRP FIXED INCM ETF T	151,580	$4M	0.1%	ADD 129%
186	ITOTISHARES TR	28,841	$4M	0.1%	ADD 77%
187	MRVLMARVELL TECHNOLOGY INC	41,401	$4M	0.1%	TRIM −60%
188	SHYGISHARES TR	96,691	$4M	0.1%	ADD 29%
189	FDXFEDEX CORP	11,465	$4M	0.1%	ADD 177%
190	AMEAMETEK INC	18,928	$4M	0.1%	ADD 154%
191	RMBSRAMBUS INC DEL	46,839	$4M	0.1%	ADD 90%
192	SPGIS&P GLOBAL INC	9,433	$4M	0.1%	TRIM −4%
193	MMM3M CO	27,614	$4M	0.1%	TRIM −17%
194	MPWRMONOLITHIC PWR SYS INC	3,614	$4M	0.1%	TRIM −62%
195	VONVVANGUARD SCOTTSDALE FDS	42,092	$4M	0.1%	ADD 123700%
196	MPCMARATHON PETE CORP	16,138	$4M	0.1%	ADD 112%
197	VHTVANGUARD WORLD FD	14,415	$4M	0.1%	TRIM −13%
198	TTWOTAKE-TWO INTERACTIVE SOFTWAR	19,827	$4M	0.1%	ADD 67%
199	ONON SEMICONDUCTOR CORP	63,177	$4M	0.1%	TRIM −15%
200	SPTLSPDR SERIES TRUST	148,228	$4M	0.1%	TRIM −60%

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

QQQINVESCO QQQ TR

15K

554K

140K

70K

242K

$140M

SOXLDIREXION SHS ETF TR

849K

571K

1.2M

268

2.4M

$114M

AAPLAPPLE INC

1.1M

571K

495K

291K

795K

442K

$112M

MSFTMICROSOFT CORP

567K

348K

279K

189K

339K

253K

$94M

MUMICRON TECHNOLOGY INC

208K

39K

35K

48K

100K

269K

$91M

TSLATESLA INC

204K

165K

77K

53K

169K

186K

$69M

NVDANVIDIA CORPORATION

1.7M

949K

737K

578K

945K

376K

$66M

AVGOBROADCOM INC

389K

289K

129K

254K

179K

$55M

GOOGLALPHABET INC

509K

310K

185K

153K

291K

169K

$49M

AGGISHARES TR

10K

166K

20K

—

400K

$40M

SPYSTATE STR SPDR S&P 500 ETF T

186K

20K

243K

639K

687

54K

$35M

PPHVANECK ETF TRUST

35K

22K

304K

$32M

AMZNAMAZON COM INC

720K

515K

336K

227K

498K

151K

$31M

JPMJPMORGAN CHASE & CO

169K

108K

120K

58K

98K

100K

$29M

METAMETA PLATFORMS INC

186K

121K

60K

61K

128K

49K

$28M

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.

☆Tower Research Capital LLC (TRC)

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

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

By sector

By market cap

By region

By industry group GICS — finer than sector

Top holdings

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

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

Contribution holdings-based, any period

Holdings· 5,081 positions (2026-Q1) · largest first · Δ vs 2025-Q4

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

Tower Research Capital LLC (TRC)