TRCT
SMST

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
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

Optiver Holding
Optiver Holding Amsterdam, Netherlands $289B AUM 33.63% 1-Year Est. Return
HF
HRT Financial New York $40.1B AUM 58.22% 1-Year Est. Return
Susquehanna International Group
Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return
Jane Street
Jane Street New York $777B AUM 61.18% 1-Year Est. Return
FTUS
Flow Traders U.S. New York $3.16B AUM 19.52% 1-Year Est. Return
Group One Trading
Group One Trading Chicago, Illinois $52.2B AUM 104.56% 1-Year Est. Return

Tower Research Capital (TRC)'s SMST Position: Q1 2026 in Review

Tower Research Capital (TRC) reduced its Defiance Daily Target 2x Short MSTR ETF (SMST) stake by 96% in Q1 2026, selling an estimated $175K and leaving 89 shares worth $5.84K. The position accounts for ﹤0.01% of the portfolio, ranked #4097.

Tower Research Capital (TRC) first reported a position in SMST in Q4 2024 and has held it in 5 quarters since. The position peaked at $235K in Q4 2025. 7 funds tracked by Wall St. Rank hold SMST as of Q1 2026.

  • Tower Research Capital (TRC) held 89 shares of Defiance Daily Target 2x Short MSTR ETF worth $5.84K as of Q1 2026.
  • Tower Research Capital (TRC) sold 2,445 Defiance Daily Target 2x Short MSTR ETF shares in Q1 2026, an estimated $175K.
  • Defiance Daily Target 2x Short MSTR ETF made up ﹤0.01% of Tower Research Capital (TRC)'s portfolio in Q1 2026, its #4097 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 5 quarters since.
  • Tower Research Capital (TRC)'s Defiance Daily Target 2x Short MSTR ETF position peaked at $235K in Q4 2025.
  • 7 funds tracked by Wall St. Rank held Defiance Daily Target 2x Short MSTR ETF as of Q1 2026.

Based on Tower Research Capital (TRC)'s 13F filing for Q1 2026, filed 15 May 2026.