1y return+19.2%S&P 500 +20.9%
3y return+61.1%S&P 500 +68.5%
5y return+55.8%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2020: $180 against $200 in the S&P 500.2
Tower Research Capital LLC (TRC)S&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SPYState Str Spdr S&p | $174.3M | 4.3% | +331.0% |
| NVDANvidia Corporation | $93.6M | 2.3% | +24.3% |
| IVVIshares Tr | $84.0M | 2.1% | New |
| AAPLApple Inc | $78.1M | 1.9% | −38.9% |
| SPIBSpdr Series Trust St | $69.7M | 1.7% | +175.7% |
| MUMicron Technology Inc | $64.8M | 1.6% | −79.1% |
| SOXLDirexion Shares Etf Trust | $63.7M | 1.6% | −90.0% |
| MSFTMicrosoft Corp | $55.3M | 1.4% | −41.4% |
| AVGOBroadcom Inc | $53.0M | 1.3% | −21.6% |
| AMZNAmazon Com Inc | $52.5M | 1.3% | +46.1% |
| INTCIntel Corp | $43.8M | 1.1% | +78.7% |
| SGOVIshares Tr | $41.8M | 1.0% | +1027.6% |
| GOOGLAlphabet Inc Cap Stk | $40.8M | 1.0% | −32.5% |
| AMDAdvanced Micro Devices Inc | $39.6M | 1.0% | +122.3% |
| ITOTIshares Tr | $37.9M | 0.9% | +699.1% |
| LLYEli Lilly & Co | $32.9M | 0.8% | +25.6% |
| IWMIshares Tr | $32.8M | 0.8% | +1915.3% |
| QQQInvesco Qqq Tr | $32.1M | 0.8% | −82.0% |
| TSLATesla Inc | $31.1M | 0.8% | −60.3% |
| AMATApplied Matls Inc | $30.0M | 0.7% | +3.7% |
| LRCXLam Research Corp | $29.7M | 0.7% | +50.7% |
| GOOGAlphabet Inc Cap | $29.6M | 0.7% | −9.8% |
| TQQQProshares Tr | $28.8M | 0.7% | +207.7% |
| MRVLMarvell Technology Inc | $28.7M | 0.7% | +132.9% |
| RIORio Tinto PLC | $25.9M | 0.6% | +186.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| NVDANvidia Corporation | June 30, 2020 | +2006.7% | $93.6M |
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $53.0M |
| AMATApplied Matls Inc | June 30, 2020 | +1096.1% | $30.0M |
| AMDAdvanced Micro Devices Inc | June 30, 2020 | +1004.1% | $39.6M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $32.9M |
| LRCXLam Research Corp | December 31, 2024 | +499.9% | $29.7M |
| GOOGLAlphabet Inc Cap Stk | June 30, 2020 | +404.0% | $40.8M |
| GOOGAlphabet Inc Cap | June 30, 2020 | +399.9% | $29.6M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $16.8M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $78.1M |
Sold off last quarter
- USMVIshares Tr was $13.0M
- USFRWisdomtree Tr was $13.0M
- FLOTIshares Tr was $10.5M
- XLYSelect Sector Spdr Tr State Street was $7.0M
- Honeywell Intl IncCUSIP 438516106 was $6.9M
- IYFIshares Tr was $6.7M
- IBBIshares Tr was $6.1M
- CLOZSeries Portfolios Tr was $6.0M
- SPIPSpdr Series Trust was $5.6M
- Ishares TrCUSIP 46436E577 was $5.4M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +11.8% | +14.8% |
| March 31, 2026 | −3.2% | −4.6% |
| December 31, 2025 | +1.3% | +2.4% |
| September 30, 2025 | +8.7% | +7.8% |
| June 30, 2025 | +10.5% | +10.5% |
| March 31, 2025 | −5.2% | −4.6% |
| December 31, 2024 | +1.3% | +2.1% |
| September 30, 2024 | +5.5% | +5.4% |
| June 30, 2024 | +3.2% | +4.0% |
| March 31, 2024 | +9.0% | +10.0% |
| December 31, 2023 | +11.8% | +11.2% |
| September 30, 2023 | −4.0% | −3.6% |
| June 30, 2023 | +7.6% | +8.3% |
| March 31, 2023 | +8.9% | +7.0% |
| December 31, 2022 | +5.1% | +7.1% |
| September 30, 2022 | −4.9% | −5.3% |
| June 30, 2022 | −17.7% | −16.5% |
| March 31, 2022 | −6.3% | −4.9% |
| December 31, 2021 | +8.1% | +10.7% |
| September 30, 2021 | −1.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Tower Research Capital LLC (TRC) Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1533421&type=13F-HR&dateb=&owner=include&count=40CIK 1533421
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1533421/000153342126000008/Filed August 11, 2026 · accession 0001533421-26-000008