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 |
Vanguard Total Bond Market
BND
|
+$38.9M |
| 2 |
XIV
VelocityShares Daily Inverse VIX Short Term ETN
XIV
|
+$16.8M |
| 3 |
ProShares Short VIX Short-Term Futures ETF
SVXY
|
+$15.8M |
| 4 |
Biogen
BIIB
|
+$9.5M |
| 5 |
Invesco S&P 500 Equal Weight Industrials ETF
RSPN
|
+$8.46M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Short-Term Bond ETF
BSV
|
+$10.8M |
| 2 |
iShares 7-10 Year Treasury Bond ETF
IEF
|
+$9.9M |
| 3 |
Vanguard Information Technology ETF
VGT
|
+$8.56M |
| 4 |
iShares Russell Mid-Cap Value ETF
IWS
|
+$8.35M |
| 5 |
Walmart Inc
WMT
|
+$8.17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 87.32% |
| 2 | Healthcare | 3.6% |
| 3 | Financials | 2.7% |
| 4 | Real Estate | 2.46% |
| 5 | Technology | 1.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PUT
iShares MSCI Brazil ETF
EWZ
$9.29B
| $98.2M | 17.99% |
+2,055,400
| New | +$98.4M |
2014 Q2
0 quarters
|
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$794B
| $82.4M | 15.1% |
421,100
-2,778,300
| -87% | -$528M |
2013 Q2
4 quarters
|
|
|
3
Vanguard Total Bond Market
BND
$166B
| $65.8M | 12.06% |
800,492
+475,801
| +147% | +$38.9M |
2014 Q1
1 quarter
|
|
|
4
CALL
ProShares Short VIX Short-Term Futures ETF
SVXY
$196M
| $42.4M | 7.76% |
+480,000
| New | +$34.5M |
2014 Q2
0 quarters
|
|
5
CALL
iShares MSCI Emerging Markets ETF
EEM
$28B
| $23.6M | 4.33% |
546,700
-316,900
| -37% | -$13.5M |
2013 Q3
3 quarters
|
|
|
XIV
6
DELISTED
VelocityShares Daily Inverse VIX Short Term ETN
XIV
| $20.6M | 3.78% |
+458,918
| New | +$16.8M |
2014 Q2
0 quarters
|
|
|
7
ProShares Short VIX Short-Term Futures ETF
SVXY
$196M
| $19.4M | 3.56% |
+220,000
| New | +$15.8M |
2014 Q2
0 quarters
|
|
8
CALL
ProShares Ultra VIX Short-Term Futures ETF
UVXY
$180M
| – | – |
0
| – | – |
2014 Q2
0 quarters
|
|
|
9
CALL
iShares MSCI Brazil ETF
EWZ
$9.29B
| $14.3M | 2.63% |
+300,000
| New | +$14.4M |
2014 Q2
0 quarters
|
|
|
10
PUT
iShares MSCI Emerging Markets ETF
EEM
$28B
| $11.6M | 2.12% |
267,600
-2,977,100
| -92% | -$126M |
2013 Q3
3 quarters
|
|
|
11
Biogen
BIIB
$37.6B
| $10M | 1.83% |
+31,700
| New | +$9.5M |
2014 Q2
0 quarters
|
|
|
12
Invesco S&P 500 Equal Weight Industrials ETF
RSPN
$849M
| $8.64M | 1.58% |
+500,000
| New | +$8.46M |
2014 Q2
0 quarters
|
|
|
GARS
13
DELISTED
Garrison Capital Inc.
GARS
| $7.61M | 1.39% |
+497,609
| New | +$7.18M |
2014 Q2
0 quarters
|
|
14
Apple
AAPL
$5.07T
| $6.7M | 1.23% |
288,456
+56
| +0% | +$1.19K |
2013 Q2
4 quarters
|
|
|
15
PUT
Apple
AAPL
$5.07T
| $6.7M | 1.23% |
288,400
-1,856,400
| -87% | -$39.5M |
2013 Q2
4 quarters
|
|
|
RMGN
16
DELISTED
RMG Networks Holding Corporation
RMGN
| $5.27M | 0.97% |
588,663
| – | – |
2013 Q3
3 quarters
|
|
|
ALXN
17
DELISTED
Alexion Pharmaceuticals
ALXN
| $5.08M | 0.93% |
+32,503
| New | +$5.13M |
2014 Q2
0 quarters
|
|
18
iShares 0-1 Year Treasury Bond ETF
SHV
$21.3B
| $4.67M | 0.86% |
42,363
+1,344
| +3% | +$148K |
2014 Q1
1 quarter
|
|
|
19
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$794B
| $4.5M | 0.82% |
23,000
-408,100
| -95% | -$77.6M |
2013 Q2
4 quarters
|
|
20
Simon Property Group
SPG
$75.7B
| $4.42M | 0.81% |
+26,600
| New | +$4.34M |
2014 Q2
0 quarters
|
|
|
AMRI
21
DELISTED
Albany Molecular Research Inc
AMRI
| $4.22M | 0.77% |
+210,000
| New | +$3.56M |
2014 Q2
0 quarters
|
|
|
BPY
22
DELISTED
Brookfield Property Partners L.P. Limited Partnership Units
BPY
| $3.39M | 0.62% |
162,480
+27,889
| +21% | +$555K |
2013 Q2
4 quarters
|
|
23
iShares 1-3 Year Treasury Bond ETF
SHY
$27.4B
| $2.9M | 0.53% |
+34,325
| New | +$2.9M |
2014 Q2
0 quarters
|
|
24
CALL
DELISTED
SANDISK CORP
SNDK
| $2.87M | 0.53% |
+27,500
| New | +$2.5M |
2014 Q2
0 quarters
|
|
25
PUT
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $2.86M | 0.52% |
6,250
+2,494
| +66% | +$1.45M |
2013 Q4
2 quarters
|
|
Similar funds
DRW Securities's Q2 2014 Portfolio in Review
As of Q2 2014, DRW Securities held 200 positions worth $546M, down 58% from $1.3B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
DRW Securities's Q2 2014 filing shows 62 new, 21 increased, 22 reduced and 78 closed positions. Its largest new stake was VelocityShares Daily Inverse VIX Short Term ETN: 458,918 shares worth $20.6M. The largest sale was Vanguard Short-Term Bond ETF, an estimated $10.8M.
By sector, the portfolio is most concentrated in Miscellaneous at 87% of assets, down from 96% a quarter earlier, followed by Healthcare and Financials.
- DRW Securities's largest Q2 2014 buy was VelocityShares Daily Inverse VIX Short Term ETN: 458,918 shares worth $20.6M.
- DRW Securities added most to Vanguard Total Bond Market in Q2 2014, an estimated $38.9M increase.
- DRW Securities's biggest Q2 2014 reduction was iShares 7-10 Year Treasury Bond ETF, cutting an estimated $9.9M.
- DRW Securities fully exited Vanguard Short-Term Bond ETF in Q2 2014, selling an estimated $10.8M.
- DRW Securities's ten largest holdings make up 72% of its $546M portfolio in Q2 2014.
- DRW Securities opened 62 new positions and closed 78 in Q2 2014.
- DRW Securities's portfolio value fell 58% quarter-over-quarter to $546M.
Based on DRW Securities's 13F filing for Q2 2014, filed 15 Aug 2014.