DRW SECURITIES, L.L.C.

CIK

1068940

Location

CHICAGO, IL

Portfolio Value

Mid $4,693,241,164

Diversification

Moderately concentrated

Reports for

DRW Securities, LLC DRW Investments, LLC DRW Europe B.V.

Filing Date

Sep 30, 2022

Global Rank

#582 / 6,827 · as of Sep 2022

Top Industry

Consumer Electronics 17.2%

Period ended 4 years ago

Filed Nov 14, 2022 · 3y

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2022, never from the firm's own description.

Style

Diversified active

Top 10 weight 56.3%, 18.5 effective positions, active share 60.1% against the S&P 500 as of 2022-09-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Turnover unknown

It needs four straight quarters of measured turnover

Horizon

Short horizon

Value-weighted holding period 1.0 quarters (under 4)

Closest benchmark: the S&P 500 as of 2022-09-30, active share 60.1%; sector active share 19.1% against the combined 13F book's sector weights.

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

178 tracked positions · as of Sep 30, 2022

Top Position

35.9%

of portfolio value

Top 5

76.6%

of portfolio value

Top 10

89.3%

of portfolio value

HHI

2,141

Moderately concentrated

Sector Breakdown

As of Sep 30, 2022

Sector	% Portfolio	Value	Positions
Unclassified	70.5%	$3,306,645,265	43
Technology	12.7%	$594,327,193	27
Consumer Cyclical	7.3%	$343,028,421	10
Communication Services	6.2%	$290,240,348	12
Financial Services	1.9%	$88,008,535	20
Healthcare	0.8%	$38,609,382	23
Real Estate	0.2%	$10,639,253	21
Consumer Defensive	0.2%	$9,645,424	7
Energy	0.2%	$8,454,203	3
Industrials	0.1%	$2,347,750	8
Utilities	0.0%	$1,000,755	3
Basic Materials	0.0%	$294,635	1

Portfolio Positions

Compact Export CSV View 13F filing

178 tracked positions · $4,693,241,164 total · filing declares 245 positions · $4,723,466,000 · as of Sep 30, 2022

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 178 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
SPY	Spdr S&P 500 ETF Trust PUT CALL	First	4,713,900	—	$1,683,710,802	—	—	—	35.88%
GLD	Spdr Gold Trust PUT CALL	First	8,333,500	—	$1,288,942,445	—	—	—	27.46%
AAPL	Apple Inc. PUT CALL + SHARES Technology	First	1,726,322	—	$238,577,700	—	1	before history	5.08%
TSLA	Tesla, Inc. PUT CALL + SHARES Consumer Cyclical	First	843,481	—	$223,733,335	—	1	before history	4.77%
MSFT	Microsoft Corp PUT CALL + SHARES Technology	First	684,519	—	$159,424,475	—	1	before history	3.40%
SLV	iShares Silver Trust PUT CALL	First	6,872,900	—	$120,275,750	—	—	—	2.56%
FXI	iShares China Large-Cap ETF CALL	First	4,000,000	—	$103,440,000	—	—	—	2.20%
NVDA	Nvidia Corp PUT CALL + SHARES Technology	First	839,197	—	$101,870,123	—	1	before history	2.17%
META	Meta Platforms, Inc. PUT CALL + SHARES Communication Services	First	640,051	—	$86,842,119	—	1	before history	1.85%
GOOG	Alphabet Inc. PUT CALL + SHARES Communication Services	First	686,546	—	$66,011,397	—	1	before history	1.41%
GOOGL	Alphabet Inc. PUT CALL Communication Services	First	674,900	—	$64,554,185	—	—	—	1.38%
AMZN	Amazon Com Inc PUT CALL + SHARES Consumer Cyclical	First	544,572	—	$61,536,636	—	1	before history	1.31%
NFLX	Netflix Inc PUT CALL + SHARES Communication Services	First	215,166	—	$50,658,683	—	1	before history	1.08%
BABA	Alibaba Group Holding Ltd PUT CALL + SHARES Consumer Cyclical	First	576,046	—	$46,077,919	—	1	before history	0.98%
AMD	Advanced Micro Devices Inc PUT CALL + SHARES Technology	First	720,837	—	$45,672,232	—	1	before history	0.97%
IEFA	iShares Core MSCI EAFE ETF	First	483,728	—	$25,477,953	—	1	before history	0.54%
JPM	Jpmorgan Chase & Co PUT CALL + SHARES Financial Services	First	241,055	—	$25,190,247	—	1	before history	0.54%
V	Visa Inc. PUT CALL + SHARES Financial Services	First	125,889	—	$22,364,180	—	1	before history	0.48%
JNJ	Johnson & Johnson PUT CALL + SHARES Healthcare	First	135,204	—	$22,086,925	—	1	before history	0.47%
PYPL	PayPal Holdings, Inc. PUT CALL + SHARES Financial Services	First	215,621	—	$18,558,499	—	1	before history	0.40%
	PUT CALL	First	358,700	—	$15,725,000	—	—	—	0.34%
DIS	Walt Disney Co PUT CALL Communication Services	First	161,900	—	$15,272,027	—	—	—	0.33%
EFA	iShares MSCI EAFE ETF	First	265,325	—	$14,860,853	—	1	before history	0.32%
XYZ	Block, Inc. PUT CALL + SHARES Technology	First	249,745	—	$13,733,477	—	1	before history	0.29%
TSM	Taiwan Semiconductor Manufacturing Co Ltd PUT CALL + SHARES Technology	First	191,113	—	$13,102,707	—	1	before history	0.28%
MU	Micron Technology Inc PUT CALL + SHARES Technology	First	166,579	—	$8,345,607	—	1	before history	0.18%
BP	Bp PLC Energy	First	271,640	—	$7,755,322	—	1	before history	0.17%
IWM	iShares Russell 2000 ETF PUT CALL	First	38,100	—	$6,283,452	—	—	—	0.13%
MA	Mastercard Inc PUT CALL + SHARES Financial Services	First	21,596	—	$6,140,606	—	1	before history	0.13%
HD	Home Depot, Inc. PUT CALL + SHARES Consumer Cyclical	First	20,645	—	$5,696,781	—	1	before history	0.12%
BTI	British American Tobacco p.l.c. Consumer Defensive	First	158,598	—	$5,630,229	—	1	before history	0.12%
BRK-B	Berkshire Hathaway Inc Financial Services	First	21,011	—	$5,610,357	—	1	before history	0.12%
SNAP	Snap Inc PUT CALL + SHARES Communication Services	First	556,767	—	$5,467,451	—	1	before history	0.12%
QID	ProShares UltraShort QQQ	First	190,410	—	$5,222,946	—	1	before history	0.11%
EWZ	iShares MSCI Brazil ETF	First	164,481	—	$4,873,572	—	1	before history	0.10%
SQQQ	ProShares UltraPro Short QQQ	First	76,010	—	$4,660,933	—	1	before history	0.10%
IVV	iShares Core S&P 500 ETF	First	11,634	—	$4,172,534	—	1	before history	0.09%
VOO	VANGUARD 500 INDEX FUND	First	10,146	—	$3,330,931	—	1	before history	0.07%
RIOT	Riot Platforms, Inc. PUT CALL Financial Services	First	473,800	—	$3,321,338	—	—	—	0.07%
INTC	Intel Corp PUT CALL Technology	First	119,800	—	$3,087,246	—	—	—	0.07%
DIA	Spdr Dow Jones Industrial Average ETF Trust	First	9,540	—	$2,740,842	—	1	before history	0.06%
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	First	100,353	—	$2,589,107	—	1	before history	0.06%
ICLN	iShares Global Clean Energy ETF	First	120,514	—	$2,300,612	—	1	before history	0.05%
UPRO	ProShares UltraPro S&P500	First	79,711	—	$2,264,589	—	1	before history	0.05%
		First	89,620	—	$2,208,236	—	1	before history	0.05%
ACN	Accenture plc Technology	First	7,907	—	$2,034,471	—	1	before history	0.04%
DHR	Danaher Corp Healthcare	First	7,776	—	$2,008,463	—	1	before history	0.04%
RGEN	Repligen Corp CALL Healthcare	First	10,600	—	$1,983,366	—	—	—	0.04%
GME	GameStop Corp. PUT CALL + SHARES Consumer Cyclical	First	77,180	—	$1,939,533	—	1	before history	0.04%
DKNG	DraftKings Inc. PUT CALL Consumer Cyclical	First	127,100	—	$1,924,294	—	—	—	0.04%

Showing the top 50 of 178 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.