Tower Research Capital LLC (TRC)

13F filer, CIK 1533421, NEW YORK, NY

Tower Research Capital LLC (TRC) reported $3,357,796,032 across 5,125 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 28.65% of the portfolio.

Filed 2025-05-15 (acceptance time not in the bulk data set), ingested 2026-10-07 18:25:06 UTC13F-HR 0001533421-25-000007

Period: 2025-03-31
Reported value: $3.36B
Holdings: 5,125
Top 10 weight: 28.65%
New: 459
Sold out: 1,010

Part of the filer group Tower Research Capital LLC (TRC)

Latour Trading LLC (Latour)TOWER PRINCIPAL MARKETS LLC +2 others

How groups are built

Largest buys vs the previous quarter

Security	Shares change	Approx. value
QQQadded	+539,242	$249M
IEFadded	+221,446	$21M
VOOnew	+35,404	$18.3M
XLYadded	+80,392	$15.6M
XOMadded	+127,487	$14.9M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

Security	Shares change	Approx. value
AAPLreduced	-545,161	-$120M
SPYreduced	-166,391	-$94.5M
MSFTreduced	-219,421	-$85.3M
NVDAreduced	-793,926	-$83M
XLVreduced	-262,039	-$38.8M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001533421-25-000007, largest first. % of portfolio is the value over $3,357,796,032, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Latest event	Timeline
YINNDIREXION SHARES ETF TRUST	4	$163	<0.01%	-118		Timeline
VNQIVANGUARD INTL EQUITY INDEX F	4	$162	<0.01%	new		Timeline
JMIAJUMIA TECHNOLOGIES AG	74	$158	<0.01%	-1,678		Timeline
OMOUTSET MED INC	14	$155	<0.01%	new		Timeline
EESWISDOMTREE TR	3	$147	<0.01%	-3		Timeline
ISTBISHARES TR	3	$145	<0.01%	-4		Timeline
HEDJWISDOMTREE TR	3	$142	<0.01%	-302		Timeline
BTZBLACKROCK CR ALLOCATION	13	$139	<0.01%	-5		Timeline
ZENAZENATECH INC	53	$137	<0.01%	-84		Timeline
LITBLIGHTINTHEBOX HLDG CO LTD	67	$134	<0.01%	new		Timeline
DBEUDBX ETF TR	3	$132	<0.01%	0		Timeline
LOGICMARK INCLOGICMARK INC	6,100	$129	<0.01%	+1,617
EWDISHARES INC	3	$126	<0.01%	-425		Timeline
DRDDRDGOLD LIMITED	8	$124	<0.01%	-2,425		Timeline
SLXVANECK ETF TRUST	2	$123	<0.01%	new		Timeline
NZFNUVEEN MUN CR INCOME FD	10	$122	<0.01%	-16		Timeline
NCDLNUVEEN CHURCHILL DIRECT LEND	7	$119	<0.01%	-2,879		Timeline
CBDMD INCCBDMD INC	518	$119	<0.01%	+7
RABROOKFIELD REAL ASSETS INCOM	9	$118	<0.01%	+3		Timeline
IBNDSPDR SERIES TRUST	4	$118	<0.01%	-2		Timeline
IJHISHARES TR	2	$117	<0.01%	new		Timeline
XETYXEATON VANCE TAX-MANAGED DIVE	8	$114	<0.01%	+6		Timeline
CRDLCARDIOL THERAPEUTICS INC	118	$114	<0.01%	new		Timeline
ALLTALLOT LTD	20	$114	<0.01%	+2		Timeline
EWXSPDR INDEX SHS FDS	2	$113	<0.01%	new		Timeline
FFAIFARADAY FUTURE INTLGT ELEC I	100	$113	<0.01%	new		Timeline
FPXFIRST TR EXCHANGE-TRADED FD	1	$112	<0.01%	new		Timeline
RAINRAIN ENHANCEMENT TECHNOLOGIE	55	$109	<0.01%	new		Timeline
RDWRRADWARE LTD	5	$108	<0.01%	-535		Timeline
LFTLUMENT FINANCE TRUST INC	41	$107	<0.01%	new		Timeline
IXGISHARES TR	1	$104	<0.01%	-62		Timeline
DBEINVESCO DB MULTI-SECTOR COMM	5	$98	<0.01%	-349		Timeline
SSYSSTRATASYS LTD	10	$98	<0.01%	-54		Timeline
MONEYLION INCMONEYLION INC	359	$96	<0.01%	+124
EWTISHARES INC	2	$95	<0.01%	-569		Timeline
HERITAGE DISTILLING HLDG COHERITAGE DISTILLING HLDG CO	187	$94	<0.01%	new
TXTERNIUM SA	3	$93	<0.01%	-2		Timeline
FPFFIRST TR INTER DURATN PFD &	5	$92	<0.01%	0		Timeline
IDLVINVESCO EXCH TRADED FD TR II	3	$91	<0.01%	0		Timeline
XFRAXBLACKROCK FLOATING RATE INCO	7	$90	<0.01%	0		Timeline
DHFBNY MELLON HIGH YIELD STRATE	35	$89	<0.01%	-1,246		Timeline
DIGITAL ALLY INCDIGITAL ALLY INC	3,618	$87	<0.01%	-27
XEFRXEATON VANCE SR FLTNG RTE TR	7	$86	<0.01%	0		Timeline
GXCSPDR INDEX SHS FDS	1	$86	<0.01%	new		Timeline
BTTBLACKROCK MUN TARGET TERM TR	4	$85	<0.01%	0		Timeline
BGBBLACKSTONE STRATEGIC CRED 20	7	$85	<0.01%	0		Timeline
DEMWISDOMTREE TR	2	$84	<0.01%	-220		Timeline
CO-DIAGNOSTICS INCCO-DIAGNOSTICS INC	258	$84	<0.01%	-5,974
RWAYRUNWAY GROWTH FINANCE CORP	8	$83	<0.01%	-522		Timeline
FEPFIRST TR EXCH TRD ALPHDX FD	2	$82	<0.01%	0		Timeline
XJQCXNUVEEN CR STRATEGIES INCOME	15	$81	<0.01%	-43		Timeline
FDDFIRST TR EXCHANGE-TRADED FD	6	$81	<0.01%	-9		Timeline
DFJWISDOMTREE TR	1	$79	<0.01%	-2		Timeline
IGHGPROSHARES TR	1	$77	<0.01%	0		Timeline
VMOINVESCO MUN OPPORTUNIT TR	8	$76	<0.01%	0		Timeline
MPAAMOTORCAR PTS AMER INC	8	$76	<0.01%	-158		Timeline
EPHEISHARES TR	3	$76	<0.01%	+1		Timeline
GRYPHON DIGITAL MNG INCGRYPHON DIGITAL MNG INC	429	$73	<0.01%	-21,297
IBIOIBIO INC	18	$72	<0.01%	-1,603		Timeline
XEVVXEATON VANCE LIMITED DURATION	7	$70	<0.01%	-4		Timeline
XEADXALLSPRING INCOME OPPORTUNIT	10	$68	<0.01%	-300		Timeline
SATELLOGIC INCSATELLOGIC INC	19	$68	<0.01%	new
XBOEXBLACKROCK ENHANCED GLOBAL	6	$65	<0.01%	+5		Timeline
NEWGENIVF GROUP LIMITEDNEWGENIVF GROUP LIMITED	100	$64	<0.01%	new
XMLVINVESCO EXCH TRADED FD TR II	1	$62	<0.01%	0		Timeline
DWMWISDOMTREE TR	1	$58	<0.01%	0		Timeline
NFRAFLEXSHARES TR	1	$58	<0.01%	new		Timeline
ETWEATON VANCE TAX-MANAGED GLOB	7	$58	<0.01%	new		Timeline
LFVNLIFEVANTAGE CORP	4	$58	<0.01%	-707		Timeline
HYTBLACKROCK CORPOR HI YLD FD I	6	$57	<0.01%	+4		Timeline
PMLPIMCO MUN INCOME FD II	7	$57	<0.01%	new		Timeline
ZCARZOOMCAR HLDGS INC	11	$55	<0.01%	new		Timeline
STPZPIMCO ETF TR	1	$54	<0.01%	new		Timeline
NUVNUVEEN MUN VALUE FD INC	6	$53	<0.01%	new		Timeline
CLOIVANECK ETF TRUST	1	$53	<0.01%	new		Timeline
USDUWISDOMTREE TR	2	$53	<0.01%	0		Timeline
IIMINVESCO VALUE MUN INCOME TR	4	$48	<0.01%	0		Timeline
HEPAHEPION PHARMACEUTICALS INC COM	110	$47	<0.01%	new		Timeline
SABSSAB BIOTHERAPEUTICS INC	34	$46	<0.01%	-808		Timeline
HYPDHYPERION DEFI INC	41	$45	<0.01%	new		Timeline
XRNPXCOHEN & STEERS REIT & PFD &	2	$44	<0.01%	+1		Timeline
CISOCISO GLOBAL INC	100	$44	<0.01%	-1,760		Timeline
TYGTORTOISE ENERGY INFRSTRCTR C	1	$43	<0.01%	new		Timeline
LUCKLUCKY STRIKE ENTERTAINMENT C	4	$39	<0.01%	-36,952		Timeline
EMHYISHARES INC	1	$38	<0.01%	new		Timeline
AOKISHARES TR	1	$38	<0.01%	0		Timeline
BRIACELL THERAPEUTICS CORPBRIACELL THERAPEUTICS CORP	10	$37	<0.01%	new
KEEN VISION ACQUISITION CORPKEEN VISION ACQUISITION CORP	3	$34	<0.01%	0
BRLSWBOREALIS FOODS INC	274	$33	<0.01%	0		Timeline
SLAISOLAI LIMITED	19	$33	<0.01%	-1		Timeline
CSQCALAMOS STRATEGIC TOTAL RETU	2	$32	<0.01%	-15		Timeline
VIXMPROSHARES TR II	2	$32	<0.01%	new		Timeline
ACONACLARION INC	3	$32	<0.01%	new		Timeline
EDCDIREXION SHARES ETF TRUST	1	$31	<0.01%	-1		Timeline
DIANA SHIPPING INCDIANA SHIPPING INC	247	$29	<0.01%	0
CMBTCMB.TECH NV	3	$27	<0.01%	-1,073		Timeline
EVEX/WSEVE HLDG INC	100	$27	<0.01%	0		Timeline
WLGSFWANG & LEE GROUP INC. USD ORD	100	$27	<0.01%	new		Timeline
VVRINVESCO SR INCOME TR	7	$26	<0.01%	-1,954		Timeline
XBGYXBLACKROCK ENHANCED INTL DIV	4	$22	<0.01%	0		Timeline
BWXSPDR SERIES TRUST	1	$22	<0.01%	0		Timeline
NUAINEW ERA ENERGY & DIGITAL INC	19	$22	<0.01%	new		Timeline
VPCETFIS SER TR I	1	$21	<0.01%	new		Timeline
TVGRUPO TELEVISA S A B	10	$18	<0.01%	-31,043		Timeline
CRGOWFREIGHTOS LTD	90	$16	<0.01%	new		Timeline
Aethlon Medical Inc OLDAethlon Medical Inc OLD	38	$14	<0.01%	-3,788
LULUFAX HOLDING LTD	4	$12	<0.01%	-4,175		Timeline
Treasure Global IncTreasure Global Inc	132	$10	<0.01%	-2,063
HCW BIOLOGICS INCHCW BIOLOGICS INC	32	$9	<0.01%	-1,755
BZFDWBUZZFEED INC	100	$7	<0.01%	0		Timeline
XIGDXVOYA GLBL EQTY DIV & PREM OP	1	$6	<0.01%	-2		Timeline
YALAYALLA GROUP LTD	1	$5	<0.01%	-99		Timeline
AERTWAERIES TECHNOLOGY INC	156	$5	<0.01%	0		Timeline
IPHAINNATE PHARMA S A	3	$5	<0.01%	new		Timeline
ZYBTZHENGYE BIOTECHNOLOGY HLDG L	1	$5	<0.01%	new		Timeline
ICON ENERGY CORPICON ENERGY CORP	100	$5	<0.01%	new
GRMLGREENLAND MINES LTD	19	$4	<0.01%	new		Timeline
FTCIFTC SOLAR INC	1	$3	<0.01%	new		Timeline
SHARPS TECHNOLOGY INCSHARPS TECHNOLOGY INC	100	$3	<0.01%	new
IZMICZOOM GROUP INC.	1	$2	<0.01%	new		Timeline
SIYATA MOBILE INCSIYATA MOBILE INC	1	$2	<0.01%	-72
Sharplink Gaming IncSharplink Gaming Inc	8	$2	<0.01%	new
PETROS PHARMACEUTICALS INCPETROS PHARMACEUTICALS INC	11	$1	<0.01%	new
NUVEEN CR STRATEGIES INCOMENUVEEN CR STRATEGIES INCOME	15	$0	0%	new	Value filed as zero, left out of ratios.
SOBR SAFE INCSOBR SAFE INC	1	$0	0%	new	Value filed as zero, left out of ratios.

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

The largest 100 of 1,010. All 1,010

Security	Shares before	Value before	Type
MAGSLISTED FDS TR	162,869	$8.86M	shares
IVVISHARES TR	13,622	$8.02M	shares
ARKKARK ETF TR	105,582	$5.99M	shares
USMVISHARES TR	67,476	$5.99M	shares
JPSTJ P MORGAN EXCHANGE TRADED F	109,548	$5.52M	shares
IYRISHARES TR	40,674	$3.79M	shares
TECLDIREXION SHARES ETF TRUST	31,453	$2.85M	shares
EPSWISDOMTREE TR	40,779	$2.49M	shares
PSQPROSHARES TR	41,914	$1.57M	shares
BITOPROSHARES TR	67,061	$1.53M	shares
PULSPGIM ETF TR	21,833	$1.08M	shares
VYMVANGUARD WHITEHALL FDS	7,987	$1.02M	shares
AFMCFIRST TR EXCHNG TRADED FD VI	29,639	$936K	shares
PBWINVESCO EXCHANGE TRADED FD T	43,933	$879K	shares
XHSSPDR SERIES TRUST	9,497	$856K	shares
QQQMINVESCO EXCH TRADED FD TR II	3,696	$778K	shares
SPTISPDR SERIES TRUST	24,327	$678K	shares
FUTYFIDELITY COVINGTON TRUST	12,973	$633K	shares
SUMMIT MATERIALS INC CLASS ASUMMIT MATERIALS INC CLASS A	11,165	$565K	shares
CFOVICTORY PORTFOLIOS II	8,070	$556K	shares
NIONIO INC	125,400	$547K	shares
WCLDWISDOMTREE TR	14,283	$536K	shares
ALTAIR ENGINEERING INCALTAIR ENGINEERING INC	4,819	$526K	shares
BARNES GROUP INCBARNES GROUP INC	10,666	$504K	shares
WEBLDIREXION SHARES ETF TRUST	18,665	$500K	shares
PHYSSPROTT ASSET MANAGEMENT LP	20,909	$421K	shares
KBWDINVESCO EXCH TRADED FD TR II	28,538	$419K	shares
SCHXSCHWAB STRATEGIC TR	17,729	$411K	shares
SPYINEOS ETF TRUST	8,075	$410K	shares
QDTEROUNDHILL ETF TRUST	10,147	$406K	shares
ASPEN TECHNOLOGY INCASPEN TECHNOLOGY INC	1,599	$399K	shares
VIGIVANGUARD WHITEHALL FDS	4,949	$396K	shares
XMMOINVESCO EXCHANGE TRADED FD T	2,868	$354K	shares
ARCADIUM LITHIUM PLCARCADIUM LITHIUM PLC	68,536	$352K	shares
RSPTINVESCO EXCHANGE TRADED FD T	9,252	$346K	shares
VOOGVANGUARD ADMIRAL FDS INC	912	$334K	shares
BOXXEA SERIES TRUST	3,000	$331K	shares
CONSOL ENERGY INC NEWCONSOL ENERGY INC NEW	3,092	$330K	shares
DFACDIMENSIONAL ETF TRUST	8,603	$298K	shares
BIRKBIRKENSTOCK HOLDING PLC	5,244	$297K	shares
CROSSFIRST BANKSHARES INCCROSSFIRST BANKSHARES INC	19,596	$297K	shares
GSUSGOLDMAN SACHS ETF TR	3,595	$291K	shares
SDVYFIRST TR EXCHANGE TRADED FD	7,717	$277K	shares
SMARTSHEET INC. (CLASS A)SMARTSHEET INC. (CLASS A)	4,809	$269K	shares
FVCFIRST TR EXCHANGE TRADED FD	7,124	$260K	shares
COWZPACER FDS TR	4,535	$256K	shares
SCHBSCHWAB STRATEGIC TR	10,881	$247K	shares
UNIVERSAL STAINLESS & ALLOYUNIVERSAL STAINLESS & ALLOY	5,490	$242K	shares
ENLINK MIDSTREAM LLCENLINK MIDSTREAM LLC	16,624	$235K	shares
AVGXTIDAL TRUST II	7,233	$234K	shares
NVDYTIDAL TRUST II	9,968	$233K	shares
GRNYTIDAL TRUST I	11,071	$221K	shares
ZUORA INCZUORA INC	22,227	$220K	shares
EDRENDEAVOR GROUP HLDGS INC	6,867	$215K	shares
INARI MED INCINARI MED INC	4,192	$214K	shares
AFLGFIRST TR EXCHNG TRADED FD VI	6,116	$211K	shares
IAUISHARES GOLD TR	4,200	$208K	shares
FUTUFUTU HLDGS LTD	2,588	$207K	shares
BANK MONTREAL MEDIUMBANK MONTREAL MEDIUM	354	$207K	shares
ETENERGY TRANSFER L P	10,353	$203K	shares
GATOS SILVER INCGATOS SILVER INC	14,487	$203K	shares
BOILPROSHARES TR II	3,524	$197K	shares
TASKTASKUS INC	11,425	$194K	shares
DCTHDELCATH SYS INC	14,694	$177K	shares
QYLDGLOBAL X FDS	9,647	$176K	shares
TRMDTORM PLC	8,991	$175K	shares
IDUISHARES TR	1,817	$175K	shares
OXFORD LANE CAP CORPOXFORD LANE CAP CORP	32,090	$163K	shares
FERFERROVIAL NV	3,762	$158K	shares
AVID BIOSERVICES INCAVID BIOSERVICES INC	12,739	$157K	shares
CLSMEXCHANGE LISTED FDS TR	7,221	$147K	shares
HDBHDFC BANK LTD	2,291	$146K	shares
MGVVANGUARD WORLD FD	1,129	$141K	shares
AMXAMERICA MOVIL SAB DE CV	9,742	$139K	shares
FRHCFREEDOM HOLDING CORP	1,065	$139K	shares
ISHARES TRISHARES TR	1,802	$126K	shares
TDSCEXCHANGE LISTED FDS TR	5,158	$126K	shares
ARKQARK ETF TR	1,604	$124K	shares
FRELFIDELITY COVINGTON TRUST	4,560	$123K	shares
SCHHSCHWAB STRATEGIC TR	5,600	$118K	shares
HASHICORP INCHASHICORP INC	3,330	$114K	shares
QIAGEN NVQIAGEN NV	2,490	$111K	shares
OUTFRONT MEDIA INCOUTFRONT MEDIA INC	6,161	$109K	shares
INVESTMENT MANAGERS SER TR IINVESTMENT MANAGERS SER TR I	4,280	$109K	shares
NICENICE LTD	601	$102K	shares
IAUMISHARES GOLD TRUST MICRO	3,850	$101K	shares
POLESTAR AUTOMOTIVE HLDG UKPOLESTAR AUTOMOTIVE HLDG UK	95,904	$101K	shares
TWFGTWFG INC	3,233	$99.6K	shares
VLUSPDR SERIES TRUST	531	$97.7K	shares
BALLYS CORPORATIONBALLYS CORPORATION	5,269	$94.3K	shares
ARLPALLIANCE RESOURCE PARTNERS L	3,406	$89.5K	shares
FCOMFIDELITY COVINGTON TRUST	1,512	$88.8K	shares
ARCH RESOURCES INCARCH RESOURCES INC	623	$88K	shares
OPYOPPENHEIMER HLDGS INC	1,352	$86.7K	shares
VYMIVANGUARD WHITEHALL FDS	1,230	$83.5K	shares
EEMAISHARES INC	1,136	$81.4K	shares
IWYISHARES TR	340	$80K	shares
RETAIL OPPORTUNITY INVESTME…RETAIL OPPORTUNITY INVESTMENTS	4,515	$78.4K	shares
MICROCLOUD HOLOGRAM INCMICROCLOUD HOLOGRAM INC	15,895	$78.4K	shares
INDEPENDENT BANK GROUP INCINDEPENDENT BANK GROUP INC	1,264	$76.7K	shares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0001533421-25-000007	base		2025-05-15	acceptance time not in the bulk data set	2026-10-07 18:25:06 UTC