Tower Research Capital (TRC)’s Defiance Daily Target 2x Short MSTR ETF SMST Stock Holding History

Tower Research Capital (TRC)’s Portfolio SMST Stock Details SMST Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$634	Sell	8 -81	-91%	-$3.53K	﹤0.01%	4983
2026 Q1	$5.84K	Sell	89 -2,445	-96%	-$175K	﹤0.01%	4097
2025 Q4	$235K	Buy	2,534 +2,056	+430%	+$115K	0.01%	1324
2025 Q3	$14K	Buy	478 +385	+414%	+$9.72K	﹤0.01%	3634
2025 Q2	$2.23K	Buy	+93	New	+$3.38K	﹤0.01%	4684
2025 Q1	–	Sell	-5	Closed	-$776	–	5938
2024 Q4	$776	Buy	+5	New	+$2.19K	﹤0.01%	5175

Other funds holding SMST

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Bank of New York Mellon New York $609B AUM 40.19% 1-Year Est. Return

Susquehanna International Group Bala Cynwyd, Pennsylvania $1.28T AUM 58.89% 1-Year Est. Return

HRT Financial New York $54.8B AUM 81.03% 1-Year Est. Return

Optiver Holding Amsterdam, Netherlands $371B AUM 64.6% 1-Year Est. Return

StoneX Group New York $2.48B AUM 33.54% 1-Year Est. Return

GTS Securities Miami, Florida $4.75B AUM 41.97% 1-Year Est. Return

Jump Financial Chicago, Illinois $12.4B AUM 62.79% 1-Year Est. Return

TSS

Two Sigma Securities New York $1.16B AUM 36.23% 1-Year Est. Return

CSP

Cary Street Partners Richmond, Virginia $4.58B AUM 24% 1-Year Est. Return

Tower Research Capital (TRC)'s SMST Position: Q2 2026 in Review

Tower Research Capital (TRC) reduced its Defiance Daily Target 2x Short MSTR ETF (SMST) stake by 91% in Q2 2026, selling an estimated $3.53K and leaving 8 shares worth $634. The position accounts for ﹤0.01% of the portfolio, ranked #4983.

Tower Research Capital (TRC) first reported a position in SMST in Q4 2024 and has held it in 6 quarters since. The position peaked at $235K in Q4 2025. 15 funds tracked by Wall St. Rank hold SMST as of Q2 2026.

Tower Research Capital (TRC) held 8 shares of Defiance Daily Target 2x Short MSTR ETF worth $634 as of Q2 2026.
Tower Research Capital (TRC) sold 81 Defiance Daily Target 2x Short MSTR ETF shares in Q2 2026, an estimated $3.53K.
Defiance Daily Target 2x Short MSTR ETF made up ﹤0.01% of Tower Research Capital (TRC)'s portfolio in Q2 2026, its #4983 holding.
Tower Research Capital (TRC) first reported a position in Defiance Daily Target 2x Short MSTR ETF in Q4 2024 and has held it in 6 quarters since.
Tower Research Capital (TRC)'s Defiance Daily Target 2x Short MSTR ETF position peaked at $235K in Q4 2025.
15 funds tracked by Wall St. Rank held Defiance Daily Target 2x Short MSTR ETF as of Q2 2026.

Based on Tower Research Capital (TRC)'s 13F filing for Q2 2026, filed 11 Aug 2026.