Tower Research Capital LLC (TRC)

CIK 0001533421 · Q2 2026

13F Equity AUM

$4.1B

+6.1% QoQ

Positions

4,729

+153 QoQ

AUM Rank

#980

Top 11%

Skill Alpha (FF)

+1.8%/yr^ns

No Clear Edge

Rank #1,469 · Top 18%

vs S&P +3.3%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 12.2%Top 10: 19.3%Top 20: 28.2%

SPY4.3%

NVDA2.3%

IVV2.1%

AAPL1.9%

SPIB1.7%

MU1.6%

SOXL1.6%

MSFT1.4%

AVGO1.3%

AMZN1.3%

Others (4719)80.7%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services41.6%

Technology24.1%

Healthcare6.5%

Industrials6.5%

Consumer Cyclical5.0%

Communication Services4.0%

Consumer Defensive2.9%

Energy2.7%

Other6.7%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 4729Median: 0.00%Avg: 0.02%

0–0.5%

4699(65.3%)

0.5–1%

17(12.2%)

1–3%

12(18.1%)

3–5%

1(4.3%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

Loading summary cards...

Portfolio Overlap

Shared: 0Unique: 4,729vs 20 funds

0%Low

4,729

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Loading overlap analysis...

Position Changes This Quarter

New822Increased1925Decreased2386Exited724

New Positions

IVV2.1%

+112K

BCS0.4%

+666K

BHP0.3%

+168K

SPHY0.3%

+521K

IBTG0.2%

+376K

HONEYWELL INTL INC0.2%

+34K

IWV0.2%

+16K

IGV0.1%

+66K

SCHA0.1%

+174K

SJNK0.1%

+232K

Increased

SPIB1.7%

+1.3M(+176%)

BILI0.4%

+857K(+97190%)

NWG0.3%

+796K(+4310%)

LYG0.1%

+664K(+5886%)

SPSB0.6%

+573K(+207%)

QXO0.2%

+492K(+3212%)

AAL0.2%

+384K(+1902%)

SGOV1.0%

+378K(+1028%)

ING0.3%

+347K(+13254%)

CAG0.1%

+318K(+546%)

Decreased

SOXL1.6%

-2,142,241(-90%)

AEG0.1%

-546,875(-62%)

VOD0.4%

-436,517(-27%)

AGG0.0%

-389,721(-97%)

COTY0.0%

-380,320(-96%)

JAAA0.1%

-365,848(-77%)

AMC0.0%

-293,610(-92%)

PPH0.1%

-273,149(-90%)

CMCSA0.0%

-230,718(-76%)

SCHO0.0%

-215,757(-100%)

Exited

-140,619

-258,347

-205,745

-30,564

-64,276

-56,587

-235,706

-35,945

-215,794

-587,117

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

Loading position changes...

Holdings

Loading holdings...