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 | |
|---|---|---|---|---|---|---|---|
51
PUT
TeraWulf
WULF
$6.33B
| $28.4M | 0.02% |
+1,916,000
| New | +$33.5M |
2026 Q3
0 quarters
|
|
52
Alphabet (Google) Class A
GOOGL
$3.64T
| $28.2M | 0.02% |
81,835
+70,848
| +645% | +$24.6M |
2022 Q4
15 quarters
|
|
|
53
TeraWulf
WULF
$6.33B
| $26.8M | 0.02% |
+1,812,852
| New | +$31.7M |
2026 Q3
0 quarters
|
|
54
Circle Internet Group
CRCL
$16B
| $26.5M | 0.02% |
+322,603
| New | +$24.9M |
2026 Q3
0 quarters
|
|
55
CALL
Oracle
ORCL
$391B
| $26.2M | 0.02% |
191,000
+141,000
| +282% | +$19.9M |
2025 Q2
5 quarters
|
|
56
iShares MSCI ACWI ETF
ACWI
$32.3B
| $25.5M | 0.02% |
+160,646
| New | +$25.5M |
2026 Q3
0 quarters
|
|
57
CALL
Core Scientific
CORZ
$4.68B
| $24.9M | 0.01% |
+1,555,800
| New | +$30.6M |
2026 Q3
0 quarters
|
|
58
CALL
Microsoft
MSFT
$3.89T
| $23.7M | 0.01% |
46,300
+13,900
| +43% | +$6.43M |
2019 Q4
27 quarters
|
|
59
TSMC
TSM
$2.07T
| $22.9M | 0.01% |
50,250
+47,999
| +2,132% | +$20.3M |
2023 Q3
12 quarters
|
|
|
60
Oracle
ORCL
$391B
| $20.4M | 0.01% |
148,294
+111,609
| +304% | +$15.7M |
2026 Q1
2 quarters
|
|
61
Wells Fargo
WFC
$258B
| $19.6M | 0.01% |
244,832
+180,098
| +278% | +$15.6M |
2024 Q2
9 quarters
|
|
62
BP
BP
$118B
| $19.5M | 0.01% |
443,076
+81,351
| +22% | +$3.49M |
2022 Q2
17 quarters
|
|
63
PUT
Arista Networks
ANET
$249B
| $19.2M | 0.01% |
+94,300
| New | +$17.7M |
2026 Q3
0 quarters
|
|
|
64
Microsoft
MSFT
$3.89T
| $19M | 0.01% |
37,004
+23,590
| +176% | +$10.9M |
2022 Q1
18 quarters
|
|
|
65
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.2B
| $18.4M | 0.01% |
180,027
-423,025
| -70% | -$44.8M |
2025 Q2
5 quarters
|
|
66
CALL
Amazon
AMZN
$2.88T
| $17.1M | 0.01% |
68,600
+27,600
| +67% | +$7.01M |
2020 Q2
25 quarters
|
|
67
PUT
Delta Air Lines
DAL
$56.7B
| $16M | 0.01% |
191,300
+121,000
| +172% | +$10.3M |
2026 Q2
1 quarter
|
|
68
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46B
| $15.8M | 0.01% |
+31,042
| New | +$16.3M |
2026 Q3
0 quarters
|
|
|
69
PUT
Alphabet (Google) Class A
GOOGL
$3.64T
| $15.6M | 0.01% |
45,400
-17,900
| -28% | -$6.21M |
2021 Q4
19 quarters
|
|
70
State Street Energy Select Sector SPDR ETF
XLE
$42.6B
| $15.6M | 0.01% |
+253,112
| New | +$15.3M |
2026 Q3
0 quarters
|
|
71
BitGo Holdings
BTGO
$496M
| $15.3M | 0.01% |
2,063,945
+80
| +0% | +$490 |
2026 Q2
1 quarter
|
|
72
CALL
Alibaba
BABA
$235B
| $15.1M | 0.01% |
140,000
+70,000
| +100% | +$8.09M |
2026 Q2
1 quarter
|
|
|
73
PUT
Alibaba
BABA
$235B
| $15.1M | 0.01% |
+140,000
| New | +$16.2M |
2026 Q3
0 quarters
|
|
74
Meta Platforms (Facebook)
META
$1.64T
| $15M | 0.01% |
20,666
+13,129
| +174% | +$8.19M |
2022 Q2
17 quarters
|
|
75
iShares Core MSCI EAFE ETF
IEFA
$191B
| $14.5M | 0.01% |
149,546
+50,228
| +51% | +$4.96M |
2026 Q1
2 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.