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TRCT

Tower Research Capital (TRC) Portfolio holdings

AUM $3.85B
1-Year Est. Return 32.11%
This Fund
S&P 500
This Quarter Est. Return
+10.48%
1 Year Est. Return
+32.11%
3 Year Est. Return
+93.86%
5 Year Est. Return
+112.79%
10 Year Est. Return
+377.38%
AUM
$3.62B
AUM Growth
-$84.4M
Cap. Flow
-$358M
Cap. Flow %
-9.89%
Top 10 Hldgs %
26.83%
Holding
5,773
New
535
Increased
1,572
Reduced
3,043
Closed
580

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$254M
2
SHY icon
iShares 1-3 Year Treasury Bond ETF
SHY
+$46.3M
3
JPST icon
JPMorgan Ultra-Short Income ETF
JPST
+$30.5M
4
VBIL
Vanguard 0-3 Month Treasury Bill ETF
VBIL
+$29.2M
5
SGOV icon
iShares 0-3 Month Treasury Bond ETF
SGOV
+$24.7M

Top Sells

Rank Stock Value
1
AAPL icon
Apple
AAPL
+$46.2M
2
MSFT icon
Microsoft
MSFT
+$46.2M
3
QQQ icon
Invesco QQQ Trust
QQQ
+$40M
4
NVDA icon
NVIDIA
NVDA
+$27.6M
5
PLTR icon
Palantir
PLTR
+$27.6M

Sector Composition

Rank Sector Weight
1 Technology 17.33%
2 Financials 7.48%
3 Consumer Discretionary 6.48%
4 Healthcare 6.28%
5 Communication Services 6.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$425M 11.74%
638,532
+395,672
+163% +$254M
NVDA icon
2
NVIDIA
NVDA
$5.01T
$108M 2.98%
578,462
-158,112
-21% -$27.6M
MSFT icon
3
Microsoft
MSFT
$2.84T
$97.9M 2.7%
188,923
-90,468
-32% -$46.2M
AAPL icon
4
Apple
AAPL
$4.89T
$74M 2.04%
290,700
-204,727
-41% -$46.2M
AMZN icon
5
Amazon
AMZN
$2.5T
$49.9M 1.38%
227,038
-108,835
-32% -$24.6M
SHY icon
6
iShares 1-3 Year Treasury Bond ETF
SHY
$25.4B
$46.7M 1.29%
562,446
+560,035
+23,228% +$46.3M
META icon
7
Meta Platforms (Facebook)
META
$1.51T
$45.1M 1.24%
61,394
+1,255
+2% +$934K
AVGO icon
8
Broadcom
AVGO
$1.82T
$42.6M 1.18%
129,084
+466
+0.4% +$143K
QQQ icon
9
Invesco QQQ Trust
QQQ
$455B
$42.1M 1.16%
70,100
-69,784
-50% -$40M
SOXL icon
10
Direxion Daily Semiconductor Bull 3X ETF
SOXL
$18.7B
$40.9M 1.13%
1,174,290
+603,324
+106% +$16.8M
GOOGL icon
11
Alphabet (Google) Class A
GOOGL
$3.91T
$37.1M 1.02%
152,669
-32,464
-18% -$6.8M
JPST icon
12
JPMorgan Ultra-Short Income ETF
JPST
$40B
$30.6M 0.84%
+603,010
New +$30.5M
VBIL
13
Vanguard 0-3 Month Treasury Bill ETF
VBIL
$9.39B
$29.2M 0.81%
+386,776
New +$29.2M
IWB icon
14
iShares Russell 1000 ETF
IWB
$47.7B
$26.9M 0.74%
73,673
+62,022
+532% +$21.8M
SGOV icon
15
iShares 0-3 Month Treasury Bond ETF
SGOV
$98.6B
$25.1M 0.69%
249,038
+245,837
+7,680% +$24.7M
TSLA icon
16
Tesla
TSLA
$1.24T
$23.4M 0.65%
52,560
-24,459
-32% -$8.48M
NFLX icon
17
Netflix
NFLX
$292B
$23.1M 0.64%
192,900
+101,230
+110% +$12.4M
COST icon
18
Costco
COST
$415B
$22.7M 0.63%
24,504
+8,122
+50% +$7.79M
GOOG icon
19
Alphabet (Google) Class C
GOOG
$3.9T
$20.4M 0.56%
83,843
-66,259
-44% -$13.9M
HOOD icon
20
Robinhood
HOOD
$85.2B
$19.8M 0.55%
138,012
+56,739
+70% +$6.19M
VCIT icon
21
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.1B
$18.9M 0.52%
224,890
+195,453
+664% +$16.3M
VOD icon
22
Vodafone
VOD
$34.9B
$18.6M 0.51%
1,607,426
+58,972
+4% +$673K
JPM icon
23
JPMorgan Chase
JPM
$939B
$18.3M 0.5%
57,887
-61,673
-52% -$18.3M
IWM icon
24
iShares Russell 2000 ETF
IWM
$80.9B
$18M 0.5%
74,467
-101,958
-58% -$23.4M
ITOT icon
25
iShares Core S&P Total US Stock Market ETF
ITOT
$93.2B
$17.9M 0.49%
122,872
+121,295
+7,692% +$17M
1
2 3 4 5

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Tower Research Capital (TRC)'s Q3 2025 Portfolio in Review

As of Q3 2025, Tower Research Capital (TRC) held 5,773 positions worth $3.62B, down 2.3% from $3.71B the previous quarter. Its ten largest holdings account for 27% of the portfolio.

Tower Research Capital (TRC) withdrew a net $358M in Q3 2025, closing 580 positions and reducing 3,043 holdings. Its most notable exit was Vanguard S&P 500 ETF, an estimated $23.6M position sold in full.

By sector, the portfolio is most concentrated in Technology at 17% of assets, down from 20% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Tower Research Capital (TRC) opened a new position in JPMorgan Ultra-Short Income ETF worth $30.6M.

  • Tower Research Capital (TRC)'s largest Q3 2025 buy was JPMorgan Ultra-Short Income ETF: 603,010 shares worth $30.6M.
  • Tower Research Capital (TRC) added most to State Street SPDR S&P 500 ETF Trust in Q3 2025, an estimated $254M increase.
  • Tower Research Capital (TRC)'s biggest Q3 2025 reduction was Apple, cutting an estimated $46.2M.
  • Tower Research Capital (TRC) fully exited Vanguard S&P 500 ETF in Q3 2025, selling an estimated $23.6M.
  • Tower Research Capital (TRC)'s ten largest holdings make up 27% of its $3.62B portfolio in Q3 2025.
  • Tower Research Capital (TRC) opened 535 new positions and closed 580 in Q3 2025.
  • Tower Research Capital (TRC)'s portfolio value fell 2.3% quarter-over-quarter to $3.62B.

Based on Tower Research Capital (TRC)'s 13F filing for Q3 2025, filed 14 Nov 2025.