Tower Research Capital LLC (TRC)

CIK

1533421

Location

NEW YORK, NY

Portfolio Value

Mid $2,853,987,590

Diversification

Diversified

Filing Date

Global Rank

#966 / 8,605 ▼ 61 · as of Mar 2026

Top Industry

Semiconductors 11.7%

3Y Alpha vs SPY

-7.4%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+45.6%

SPY

+76.0%

Annualised alpha

-7.4%

Max drawdown

−19.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

4,224 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

4.9%

−1.9 pts

Top 5

17.7%

−6.1 pts

Top 10

26.0%

−7.7 pts

HHI

Diversified−63

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	28.6%	$815,951,735	602
Financial Services	10.3%	$293,956,250	723
Healthcare	9.7%	$277,406,168	811
Consumer Cyclical	8.3%	$237,163,244	436
Industrials	8.2%	$233,285,902	532
Communication Services	7.0%	$198,762,439	178
Unclassified	6.3%	$178,390,616	44
Energy	6.2%	$178,116,934	186
Consumer Defensive	5.5%	$157,269,863	189
Real Estate	3.6%	$103,038,591	230
Basic Materials	3.2%	$91,899,579	200
Utilities	3.1%	$88,746,269	93

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
COTY	Coty Inc.	+373,372	396,089	$796,138
AMC	Amc Entertainment Holdings, Inc.	+297,213	320,109	$313,706
VOD	Vodafone Group Public Ltd Co	+275,337	1,608,450	$24,158,918
QQQ	Invesco Qqq Trust, Series 1	+241,694	241,703	$139,506,137
SHEL	Shell plc	+207,842	251,055	$23,348,115
AEG	Aegon Ltd.	+194,297	885,320	$6,427,422
STLA	Stellantis N.V.	+176,682	214,893	$1,523,590
PCG	PG&E Corp	+171,380	258,061	$4,534,131
MU	Micron Technology Inc	+168,734	268,948	$90,861,391
GSK	GSK plc	+146,782	375,994	$20,751,108
OPK	Opko Health, Inc.	+119,585	128,713	$146,732
BP	Bp PLC	+100,320	414,562	$19,484,414
WBD	Warner Bros. Discovery, Inc.	+99,145	260,093	$7,142,153
TTE	TotalEnergies SE	+90,090	98,140	$8,928,776
FLO	Flowers Foods Inc	+79,096	94,210	$767,810
GTM	ZoomInfo Technologies Inc.	+77,217	91,606	$547,803
LUMN	Lumen Technologies, Inc.	+74,842	88,736	$616,715
GT	Goodyear Tire & Rubber Co /Oh/	+67,285	96,392	$639,078
LKFT	Lakefront Biotherapeutics NV	+65,988	66,536	$1,996,080
NCLH	Norwegian Cruise Line Holdings Ltd.	+64,140	78,598	$1,469,782
RIG	Transocean Ltd.	+64,047	83,256	$551,987
CMCSA	Comcast Corp	+63,847	305,122	$8,760,052
CTRA	Coterra Energy Inc.	+61,040	76,077	$2,673,345
AIFC	AI Financial Corp	+59,200	80,228	$89,053
IBRX	ImmunityBio, Inc.	+59,139	72,513	$556,174
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
NVDA	Nvidia Corp	−568,208	376,365	$65,638,055
ERIC	Ericsson Lm Telephone Co	−563,302	70,116	$790,207
EQNR	Equinor ASA	−378,610	238	$10,043
AAPL	Apple Inc.	−353,388	441,968	$112,167,057
AMZN	Amazon Com Inc	−347,510	150,819	$31,411,072
INTC	Intel Corp	−269,235	175,313	$7,736,562
ING	Ing Groep NV	−253,717	2,619	$68,224
SNN	Smith & Nephew PLC	−213,738	93,311	$2,965,422
UMC	United Microelectronics Corp	−199,561	114	$1,023
CSCO	Cisco Systems, Inc.	−178,048	120,723	$9,366,896
PFE	Pfizer Inc	−164,577	37,406	$1,050,359
CUK	CARNIVAL PLC	−145,985	74,953	$1,931,537
PHG	Koninklijke Philips NV	−143,682	923	$25,290
AMD	Advanced Micro Devices Inc	−142,817	30,638	$6,232,688
NFLX	Netflix Inc	−139,158	184,391	$17,729,194
ASX	ASE Technology Holding Co., Ltd.	−137,513	463	$10,037
WPP	WPP plc	−135,251	884	$13,746
ONDS	Ondas Inc.	−129,155	6,668	$60,278
GOOGL	Alphabet Inc.	−121,528	169,323	$48,690,521
NIO	NIO Inc.	−117,019	16,813	$101,381
GMAB	Genmab A/S	−109,964	695	$18,646
TS	Tenaris SA	−99,906	27	$1,570
URG	Ur-Energy Inc	−95,564	6,634	$9,884
BAC	Bank Of America Corp /De/	−93,717	107,657	$5,248,278
UAA	Under Armour, Inc.	−91,040	5,739	$33,916
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AZN	Astrazeneca PLC	80,835	$15,942,278
NVO	Novo Nordisk A S	32,014	$1,176,514
RUBI	Rubico Inc.	8,053	$964,346
QSR	Restaurant Brands International Inc.	9,337	$690,003
PNFP	Pinnacle Financial Partners, Inc.	6,445	$555,172
LNKS	Linkers Industries Ltd	75,000	$450,000
SMMT	Summit Therapeutics Inc.	23,703	$449,408
TECK	Teck Resources Ltd	8,399	$434,648
DNTH	Dianthus Therapeutics, Inc. /DE/	4,791	$402,060
NAKA	Nakamoto Inc.	37,318	$329,891
BTE	Baytex Energy Corp.	67,268	$300,687
AMCR	Amcor plc	7,244	$287,949
QGEN	Qiagen N.V.	6,074	$243,202
ATS	ATS Corp /ATS	7,900	$222,780
BEKE	KE Holdings Inc.	14,280	$213,771
DNN	Denison Mines Corp.	58,859	$207,772
WNW	Meiwu Technology Co Ltd	25,000	$202,500
ALM	Almonty Industries Inc.	13,012	$188,413
MDA	MDA Space Ltd.	5,898	$149,337
BNO	United States Brent Oil Fund, LP	2,864	$148,956
IBIT	iShares Bitcoin Trust ETF	3,796	$145,842
RPGL	Republic Power Group Ltd	7,000	$142,800
DFTX	Definium Therapeutics, Inc.	7,305	$138,064
IRD	Opus Genetics, Inc.	28,741	$130,771
TWFG	TWFG, Inc.	7,011	$128,932
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
NVS	Novartis AG	29,138	$4,017,256
CM	Canadian Imperial Bank Of Commerce /Can/	12,415	$1,124,923
FMS	Fresenius Medical Care AG	38,506	$917,212
OTEX	Open Text Corp	17,876	$582,400
KIDZ	KIDZ AI Inc.	5,188	$461,732
BNS	Bank Of Nova Scotia	5,319	$391,957
SU	Suncor Energy Inc	7,193	$319,081
AGI	Alamos Gold Inc	7,938	$306,247
SHG	Shinhan Financial Group Co Ltd	5,708	$306,120
WGRX	Wellgistics Health, Inc.	14,383	$287,660
YYAI	Airwa Inc.	7,012	$218,774
TFII	TFI International Inc.	1,800	$186,030
IREN	IREN Ltd	4,758	$179,709
BCS	Barclays PLC	7,046	$179,319
ADTX	Aditxt, Inc.	937	$168,997
INMD	InMode Ltd.	11,322	$166,320
AVTX	Avalo Therapeutics, Inc.	8,737	$158,663
TBBB	Bbb Foods Inc	4,559	$152,225
CHYM	Chime Financial, Inc.	5,958	$149,962
ONCO	Onconetix, Inc.	1,819	$141,882
MODD	Modular Medical, Inc.	12,817	$139,961
NMFC	New Mountain Finance Corp	14,848	$136,750
SES	SES AI Corp	74,712	$134,481
AIFU	AIFU Inc.	2,462	$131,963
TM	Toyota Motor Corp/	606	$129,719
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

4,224 positions · $2,853,987,590 total · as of Mar 31, 2026

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

Showing 1–50 of 4,224 positions by value · page 1 of 85

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
QQQ	Invesco Qqq Trust, Series 1	Added	241,703	+241,694	$139,506,137	+2523527.7%	4.89%
AAPL	Apple Inc. Technology	Reduced	441,968	-353,388	$112,167,057	−48.1%	3.93%
MSFT	Microsoft Corp Technology	Reduced	252,983	-86,047	$93,646,716	−42.9%	3.28%
MU	Micron Technology Inc Technology	Added	268,948	+168,734	$90,861,391	+217.7%	3.18%
TSLA	Tesla, Inc. Consumer Cyclical	Added	186,139	+17,404	$69,197,172	−8.8%	2.42%
NVDA	Nvidia Corp Technology	Reduced	376,365	-568,208	$65,638,055	−62.7%	2.30%
AVGO	Broadcom Inc. Technology	Reduced	179,070	-74,897	$55,423,955	−36.9%	1.94%
GOOGL	Alphabet Inc. Communication Services	Reduced	169,323	-121,528	$48,690,521	−46.5%	1.71%
SPY	Spdr S&P 500 ETF Trust	Added	54,144	+53,457	$35,212,007	+7416.2%	1.23%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	150,819	-347,510	$31,411,072	−72.7%	1.10%
JPM	Jpmorgan Chase & Co Financial Services	Added	99,893	+1,979	$29,384,524	−6.9%	1.03%
META	Meta Platforms, Inc. Communication Services	Reduced	49,165	-78,909	$28,128,771	−66.7%	0.99%
WMT	Walmart Inc. Consumer Defensive	Added	210,293	+48,941	$26,135,213	+45.4%	0.92%
CVX	Chevron Corp Energy	Added	117,132	+54,525	$24,234,610	+154.0%	0.85%
VOD	Vodafone Group Public Ltd Co Communication Services	Added	1,608,450	+275,337	$24,158,918	+37.2%	0.85%
SHEL	Shell plc Energy	Added	251,055	+207,842	$23,348,115	+635.3%	0.82%
GSK	GSK plc Healthcare	Added	375,994	+146,782	$20,751,108	+84.6%	0.73%
LLY	ELI LILLY & Co Healthcare	Added	21,848	+2,838	$20,095,134	−1.6%	0.70%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	19,913	-14,263	$19,841,910	−32.7%	0.70%
XOM	ExxonMobil Holdings Corp Energy	Added	115,165	+42,725	$19,538,893	+124.1%	0.68%
BP	Bp PLC Energy	Added	414,562	+100,320	$19,484,414	+78.5%	0.68%
NFLX	Netflix Inc Communication Services	Reduced	184,391	-139,158	$17,729,194	−41.6%	0.62%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	36,009	-15,227	$17,255,512	−33.0%	0.60%
JNJ	Johnson & Johnson Healthcare	Added	67,436	+6,895	$16,484,055	+31.6%	0.58%
MA	Mastercard Inc Financial Services	Added	31,955	+10,399	$15,966,634	+29.7%	0.56%
AZN	Astrazeneca PLC Healthcare	NEW	80,835	NEW	$15,942,278	NEW	0.56%
DEO	Diageo PLC Consumer Defensive	Added	212,772	+42,719	$15,840,874	+8.0%	0.56%
SNDK	Sandisk Corp Technology	Added	23,440	+17,986	$14,892,368	+1050.3%	0.52%
LIN	Linde PLC Basic Materials	Reduced	29,993	-3,496	$14,869,329	+4.1%	0.52%
V	Visa Inc. Financial Services	Reduced	47,231	-7,726	$14,275,097	−25.9%	0.50%
AMAT	Applied Materials Inc /De Technology	Reduced	39,984	-19,578	$13,666,131	−10.7%	0.48%
ADI	Analog Devices Inc Technology	Added	41,133	+5,303	$13,086,052	+34.7%	0.46%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	38,990	-9,441	$12,823,421	−23.1%	0.45%
SHOP	Shopify Inc. Technology	Added	105,673	+43,957	$12,534,931	+26.2%	0.44%
ASML	Asml Holding NV Technology	Reduced	9,299	-6,454	$12,282,397	−27.1%	0.43%
PLTR	Palantir Technologies Inc. Technology	Reduced	82,056	-88,770	$12,003,151	−60.5%	0.42%
TMUS	T-Mobile US, Inc. Communication Services	Reduced	53,825	-9	$11,304,863	+3.4%	0.40%
PANW	Palo Alto Networks Inc Technology	Added	68,639	+17,910	$11,004,204	+17.8%	0.39%
APH	Amphenol Corp /De/ Technology	Added	84,788	+47,848	$10,712,963	+114.6%	0.38%
NXPI	NXP Semiconductors N.V. Technology	Added	51,781	+3,832	$10,193,607	−2.1%	0.36%
LRCX	Lam Research Corp Technology	Reduced	45,496	-62,236	$9,720,675	−47.3%	0.34%
AMGN	Amgen Inc Healthcare	Reduced	27,030	-18,751	$9,510,505	−36.5%	0.33%
PEP	Pepsico Inc Consumer Defensive	Reduced	60,548	-38,657	$9,402,498	−34.0%	0.33%
CSCO	Cisco Systems, Inc. Technology	Reduced	120,723	-178,048	$9,366,896	−59.3%	0.33%
APP	AppLovin Corp Communication Services	Added	23,007	+2,078	$9,156,786	−35.1%	0.32%
TTE	TotalEnergies SE Energy	Added	98,140	+90,090	$8,928,776	+1595.5%	0.31%
ADBE	Adobe Inc. Technology	Added	36,724	+3,714	$8,926,869	−22.7%	0.31%
RIO	Rio Tinto PLC Basic Materials	Added	95,298	+5,432	$8,890,349	+23.6%	0.31%
ARGX	Argenx SE Healthcare	Reduced	12,112	-3,161	$8,844,787	−31.1%	0.31%
MCHP	Microchip Technology Inc Technology	Added	136,647	+12,217	$8,828,762	+11.4%	0.31%