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
|
+$218M |
| 2 |
Vanguard S&P 500 ETF
VOO
|
+$17.9M |
| 3 |
iShares Core S&P 500 ETF
IVV
|
+$14.5M |
| 4 |
ProShares Ultra S&P500
SSO
|
+$11.1M |
| 5 |
ProShares UltraShort QQQ
QID
|
+$6.72M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPDR Gold Trust
GLD
|
+$105M |
| 2 |
ProShares Ultra QQQ
QLD
|
+$5.61M |
| 3 |
Vanguard Total Bond Market
BND
|
+$5.19M |
| 4 |
XIV
VelocityShares Daily Inverse VIX Short Term ETN
XIV
|
+$2.93M |
| 5 |
ProShares Short S&P500
SH
|
+$2.58M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 98.85% |
| 2 | Financials | 0.85% |
| 3 | Industrials | 0.18% |
| 4 | Energy | 0.06% |
| 5 | Healthcare | 0.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$796B
| $473M | 35.96% |
2,118,100
+899,300
| +74% | +$196M |
2016 Q1
3 quarters
|
|
|
2
CALL
SPDR Gold Trust
GLD
$135B
| $246M | 18.67% |
2,242,100
-953,100
| -30% | -$111M |
2014 Q3
9 quarters
|
|
|
3
State Street SPDR S&P 500 ETF Trust
SPY
$796B
| $223M | 16.92% |
+996,764
| New | +$218M |
2016 Q4
0 quarters
|
|
|
4
PUT
SPDR Gold Trust
GLD
$135B
| $131M | 9.94% |
1,193,900
-564,800
| -32% | -$65.6M |
2014 Q3
9 quarters
|
|
|
5
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$796B
| $60.1M | 4.57% |
269,000
-992,000
| -79% | -$217M |
2016 Q1
3 quarters
|
|
|
6
Vanguard S&P 500 ETF
VOO
$1.04T
| $18.3M | 1.39% |
+89,079
| New | +$17.9M |
2016 Q4
0 quarters
|
|
7
PUT
iShares Silver Trust
SLV
$25B
| $16M | 1.21% |
1,057,800
-29,100
| -3% | -$473K |
2015 Q1
7 quarters
|
|
|
8
CALL
iShares Silver Trust
SLV
$25B
| $15.1M | 1.15% |
997,600
-137,800
| -12% | -$2.24M |
2015 Q1
7 quarters
|
|
|
9
iShares Core S&P 500 ETF
IVV
$870B
| $14.9M | 1.13% |
+66,044
| New | +$14.5M |
2016 Q4
0 quarters
|
|
|
10
iShares Silver Trust
SLV
$25B
| $13.3M | 1.01% |
882,221
-127,805
| -13% | -$2.08M |
2015 Q4
4 quarters
|
|
|
11
ProShares Ultra S&P500
SSO
$7.23B
| $11.7M | 0.89% |
+1,225,712
| New | +$11.1M |
2016 Q4
0 quarters
|
|
12
CALL
Aon
AON
$71.3B
| $8.31M | 0.63% |
+74,500
| New | +$8.3M |
2016 Q4
0 quarters
|
|
13
ProShares UltraPro S&P 500
UPRO
$5.17B
| $6.67M | 0.51% |
+489,624
| New | +$6.18M |
2016 Q4
0 quarters
|
|
|
14
ProShares UltraShort QQQ
QID
$264M
| $6.59M | 0.5% |
+3,441
| New | +$6.72M |
2016 Q4
0 quarters
|
|
15
iShares Russell 2000 ETF
IWM
$77.9B
| $6.3M | 0.48% |
+46,736
| New | +$5.97M |
2016 Q4
0 quarters
|
|
16
Direxion Daily S&P 500 Bull 3x ETF
SPXL
$6.1B
| $6.18M | 0.47% |
229,396
+188,984
| +468% | +$4.72M |
2016 Q3
1 quarter
|
|
17
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$32.5B
| $5.57M | 0.42% |
47,540
+38,463
| +424% | +$4.57M |
2016 Q3
1 quarter
|
|
|
GARS
18
DELISTED
Garrison Capital Inc.
GARS
| $5.36M | 0.41% |
572,917
| – | – |
2014 Q2
10 quarters
|
|
19
iShares 0-1 Year Treasury Bond ETF
SHV
$21.3B
| $5.11M | 0.39% |
46,332
-4,112
| -8% | -$454K |
2016 Q3
1 quarter
|
|
20
CME Group
CME
$111B
| $4.61M | 0.35% |
40,000
| – | – |
2015 Q2
6 quarters
|
|
21
iShares China Large-Cap ETF
FXI
$3.95B
| $3.96M | 0.3% |
+113,933
| New | +$4.19M |
2016 Q4
0 quarters
|
|
|
KATE
22
CALL
DELISTED
Kate Spade & Company
KATE
| $3.32M | 0.25% |
+177,600
| New | +$2.91M |
2016 Q4
0 quarters
|
|
23
CALL
Honeywell
HON
$72.3B
| $2.97M | 0.23% |
+28,339
| New | +$2.88M |
2016 Q4
0 quarters
|
|
24
iShares 3-7 Year Treasury Bond ETF
IEI
$16.9B
| $2.88M | 0.22% |
23,483
-300
| -1% | -$37.2K |
2016 Q1
3 quarters
|
|
25
ProShares UltraPro Short QQQ
SQQQ
$1.92B
| $2.49M | 0.19% |
19
+17
| +850% | +$2.29M |
2016 Q3
1 quarter
|
|
Similar funds
DRW Securities's Q4 2016 Portfolio in Review
As of Q4 2016, DRW Securities held 113 positions worth $1.32B, down 10% from $1.47B the previous quarter. Its ten largest holdings account for 92% of the portfolio.
DRW Securities deployed $160M of net new capital in Q4 2016, opening 32 new positions and adding to 13 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 996,764 shares worth $223M.
By sector, the portfolio is most concentrated in Miscellaneous at 99% of assets, up from 99% a quarter earlier, followed by Financials and Industrials.
On the sell side, the largest reduction was iShares Silver Trust, an estimated $2.08M trimmed.
- DRW Securities's largest Q4 2016 buy was State Street SPDR S&P 500 ETF Trust: 996,764 shares worth $223M.
- DRW Securities added most to Direxion Daily S&P 500 Bull 3x ETF in Q4 2016, an estimated $4.72M increase.
- DRW Securities's biggest Q4 2016 reduction was iShares Silver Trust, cutting an estimated $2.08M.
- DRW Securities fully exited SPDR Gold Trust in Q4 2016, selling an estimated $105M.
- DRW Securities's ten largest holdings make up 92% of its $1.32B portfolio in Q4 2016.
- DRW Securities opened 32 new positions and closed 43 in Q4 2016.
- DRW Securities's portfolio value fell 10% quarter-over-quarter to $1.32B.
Based on DRW Securities's 13F filing for Q4 2016, filed 14 Feb 2017.