Tower Research Capital LLC (TRC)

Q3 2025 13F-HR Holdings

Location
New York, NY
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
5,191
Total value ($000)
$3,624,057
Net value change ($000)
-84,422 (-2.3%)
New positions
589
Sold out positions
644
Turnover %
10.6%
Sector allocation + QoQ delta (equities-only)

Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown

Prev filing: 8/15/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
SPY 275,326 183.5%
SHY 46,461 23230.5%
JPST 30,591 NEW
VBIL 29,246 NEW
SOXL 26,575 185.4%
SGOV 24,756 7688.2%
IWB 22,970 580.6%
ITOT 17,683 8301.9%
VCIT 16,474 674.9%
SPTS 15,251 849.2%
Top Reduces (Value $000, Stocks/ETFs)
MSFT -41,119 -29.6%
QQQ -35,080 -45.5%
AAPL -27,626 -27.2%
BRK-B -24,204 -73.1%
AMZN -23,836 -32.3%
VOO -23,560 -100.0%
IWM -20,053 -52.7%
BIL -20,014 -100.0%
PLTR -19,724 -59.1%
V -17,746 -68.7%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type