DRW Securities Portfolio holdings
DRW Securities is a majority-owned subsidiary of the proprietary trading firm DRW and engages in proprietary trading itself. DRW began in 1992 under Don Wilson, who had traded options at the Chicago Mercantile Exchange, and takes its name from his initials. The group builds its trading on modeling, technology and research, and is active on exchanges on five continents across a wide variety of products. Its other businesses include Cumberland DRW, launched in 2014 as a crypto trading counterparty for institutional investors, DRW Venture Capital, which invests in fintech companies, and Convexity Properties, a real estate investor started in 2008. DRW also bought the trading firm Chopper Trading in 2015.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$242M |
| 2 |
iShares TIPS Bond ETF
TIP
|
+$100M |
| 3 |
iShares MSCI Emerging Markets ETF
EEM
|
+$92.2M |
| 4 |
iShares MSCI South Korea ETF
EWY
|
+$85.6M |
| 5 |
iShares Russell 2000 ETF
IWM
|
+$70M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Invesco QQQ Trust
QQQ
|
+$46.5M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$44.8M |
| 3 |
iShares MSCI Brazil ETF
EWZ
|
+$43.6M |
| 4 |
Baron First Principles ETF
RONB
|
+$29.9M |
| 5 |
Vanguard FTSE All-World ex-US ETF
VEU
|
+$21.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 99.39% |
| 2 | Technology | 0.23% |
| 3 | Financials | 0.12% |
| 4 | Communication Services | 0.09% |
| 5 | Consumer Discretionary | 0.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
ASML
ASML
$576B
| $476M | 0.28% |
262,900
+225,400
| +601% | +$391M |
2025 Q3
4 quarters
|
|
|
2
PUT
Invesco QQQ Trust
QQQ
$461B
| $407M | 0.24% |
549,800
+175,200
| +47% | +$125M |
2024 Q1
10 quarters
|
|
|
3
State Street SPDR S&P 500 ETF Trust
SPY
$800B
| $357M | 0.21% |
468,420
+318,571
| +213% | +$242M |
2026 Q1
2 quarters
|
|
|
4
PUT
iShares Russell 2000 ETF
IWM
$77.1B
| $220M | 0.13% |
791,700
-57,100
| -7% | -$16.8M |
2024 Q3
8 quarters
|
|
5
PUT
TSMC
TSM
$2.07T
| $186M | 0.11% |
408,000
+330,800
| +428% | +$140M |
2022 Q3
16 quarters
|
|
6
CALL
NVIDIA
NVDA
$3.93T
| $167M | 0.1% |
729,600
+544,300
| +294% | +$117M |
2021 Q2
21 quarters
|
|
|
7
iShares TIPS Bond ETF
TIP
$14.4B
| $140M | 0.08% |
1,348,434
+936,452
| +227% | +$100M |
2026 Q2
1 quarter
|
|
8
PUT
VanEck Semiconductor ETF
SMH
$63B
| $137M | 0.08% |
+224,400
| New | +$129M |
2026 Q3
0 quarters
|
|
9
iShares Bitcoin Trust
IBIT
$55.2B
| $115M | 0.07% |
2,432,523
-401,380
| -14% | -$16.2M |
2026 Q2
1 quarter
|
|
|
10
CALL
Invesco QQQ Trust
QQQ
$461B
| $111M | 0.07% |
149,900
+6,700
| +5% | +$4.79M |
2024 Q1
10 quarters
|
|
|
11
iShares MSCI South Korea ETF
EWY
$20.9B
| $105M | 0.06% |
574,219
+486,375
| +554% | +$85.6M |
2026 Q1
2 quarters
|
|
12
PUT
Broadcom
AVGO
$1.66T
| $104M | 0.06% |
296,200
+182,500
| +161% | +$68.7M |
2023 Q4
11 quarters
|
|
13
iShares MSCI EAFE ETF
EFA
$77.3B
| $103M | 0.06% |
995,853
+659,240
| +196% | +$69.8M |
2026 Q1
2 quarters
|
|
|
14
PUT
NVIDIA
NVDA
$3.93T
| $100M | 0.06% |
438,100
-262,200
| -37% | -$56.2M |
2021 Q2
21 quarters
|
|
|
15
iShares MSCI Emerging Markets ETF
EEM
$28.2B
| $95.5M | 0.06% |
1,429,795
+1,393,358
| +3,824% | +$92.2M |
2026 Q1
2 quarters
|
|
16
CALL
Micron Technology
MU
$881B
| $94.7M | 0.06% |
88,900
+75,000
| +540% | +$71.2M |
2024 Q1
10 quarters
|
|
|
17
NVIDIA
NVDA
$3.93T
| $94.4M | 0.06% |
413,525
+72,182
| +21% | +$15.5M |
2022 Q1
18 quarters
|
|
|
18
CALL
ASML
ASML
$576B
| $83.7M | 0.05% |
46,200
+23,600
| +104% | +$40.9M |
2025 Q3
4 quarters
|
|
19
CALL
TeraWulf
WULF
$6.33B
| $76.8M | 0.05% |
+5,190,200
| New | +$90.9M |
2026 Q3
0 quarters
|
|
|
20
iShares Russell 2000 ETF
IWM
$77.1B
| $74.2M | 0.04% |
267,048
+238,410
| +832% | +$70M |
2023 Q2
13 quarters
|
|
|
21
CALL
iShares Bitcoin Trust
IBIT
$55.2B
| $70.5M | 0.04% |
1,488,500
+817,700
| +122% | +$33M |
2025 Q3
4 quarters
|
|
22
iShares Core MSCI Emerging Markets ETF
IEMG
$146B
| $63.9M | 0.04% |
+787,154
| New | +$63.3M |
2026 Q3
0 quarters
|
|
|
23
CALL
VanEck Semiconductor ETF
SMH
$63B
| $62.4M | 0.04% |
+102,500
| New | +$58.7M |
2026 Q3
0 quarters
|
|
24
PUT
GE Vernova
GEV
$213B
| $60M | 0.04% |
+63,100
| New | +$62.5M |
2026 Q3
0 quarters
|
|
25
Alphabet (Google) Class C
GOOG
$3.6T
| $57.9M | 0.03% |
169,795
+50,986
| +43% | +$17.6M |
2022 Q3
16 quarters
|
|
Similar funds
DRW Securities's Q3 2026 Portfolio in Review
As of Q3 2026, DRW Securities held 1,400 positions worth $170B, up 4,022% from $4.11B the previous quarter. Its ten largest holdings account for 98% of the portfolio.
DRW Securities's Q3 2026 filing shows 472 new, 195 increased, 181 reduced and 514 closed positions. Its largest new stake was iShares Core MSCI Emerging Markets ETF: 787,154 shares worth $63.9M. The largest sale was Invesco QQQ Trust, an estimated $46.5M.
By sector, the portfolio is most concentrated in Miscellaneous at 99% of assets, up from 81% a quarter earlier, followed by Technology and Financials.
- DRW Securities's largest Q3 2026 buy was iShares Core MSCI Emerging Markets ETF: 787,154 shares worth $63.9M.
- DRW Securities added most to State Street SPDR S&P 500 ETF Trust in Q3 2026, an estimated $242M increase.
- DRW Securities's biggest Q3 2026 reduction was Invesco QQQ Trust, cutting an estimated $46.5M.
- DRW Securities fully exited Baron First Principles ETF in Q3 2026, selling an estimated $29.9M.
- DRW Securities's ten largest holdings make up 98% of its $170B portfolio in Q3 2026.
- DRW Securities opened 472 new positions and closed 514 in Q3 2026.
- DRW Securities's portfolio value rose 4,022% quarter-over-quarter to $170B.
Based on DRW Securities's 13F filing for Q3 2026, filed 13 Nov 2026.