Tower Research Capital LLC (TRC)

CIK 0001533421 · Q2 2026

13F Equity AUM

$4.1B

+6.1% QoQ

Positions

4,729

+153 QoQ

AUM Rank

#1,665

Top 13%

Skill Alpha (FF)

+13.3%/yr^ns

No Clear Edge

Rank #201 · Top 2%

vs S&P +1.9%/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

No sector data available.

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

New0Increased0Decreased0Exited0

No position changes this quarter.

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

Loading position changes...

Holdings

Loading holdings...