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Institutional Investment Manager
Tower Research Capital LLC (TRC)
Tower Research Capital LLC (TRC) (CIK: 0001533421) incorporated in New York, located at 120 Broadway, New York, NY. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q2)
Portfolio Summary: 4,229 holdings with a total value of $778,053,000.
#
Name
Shares
Value ($)
%
Options
Notes
4201 ISHARES TR 58,218 2,828,000 0.36%
4202 DIREXION SHS ETF TR 34,983 2,844,000 0.37%
4203 ISHARES TR 30,189 2,925,000 0.38%
4204 PROSHARES TR 33,602 2,995,000 0.38%
4205 ISHARES TR 55,045 3,127,000 0.40%
4206 ISHARES RUSSELL 3000 ETF 28,017 3,299,000 0.42%
4207 ISHARES TR 29,971 3,460,000 0.44%
4208 ISHARES RUSSELL 1000 ETF 34,011 3,745,000 0.48%
4209 SPDR SER TR 51,641 3,955,000 0.51%
4210 VANGUARD WORLD FDS 35,581 4,122,000 0.53%
4211 ISHARES TRUST U.S. FINLS ETF 49,795 4,140,000 0.53%
4212 PROSHARES TR 48,363 4,271,000 0.55%
4213 DIREXION SHS ETF TR 241,728 4,288,000 0.55%
4214 PROSHARES TR 42,946 4,883,000 0.63%
4215 VANGUARD WORLD FD 53,610 5,184,000 0.67%
4216 VANGUARD WORLD FDS 55,716 5,808,000 0.75%
4217 VANGUARD INDEX FDS 51,419 6,022,000 0.77%
4218 PROSHARES ULTRA FNCLS NEW ETF 48,032 6,086,000 0.78%
4219 ISHARES INC MSCI EURZONE ETF 147,972 6,262,000 0.80%
4220 VANGUARD SPECIALIZED FUNDS 84,035 6,551,000 0.84%
4221 ISHARES TR 165,951 7,174,000 0.92%
4222 ISHARES TR 47,600 7,477,000 0.96%
4223 ISHARES RUSSELL 2000 GROWTH ETF 58,354 8,077,000 1.04%
4224 VANGUARD INDEX FDS 84,331 8,897,000 1.14%
4225 ISHARES TR 89,185 9,032,000 1.16%
4226 POWERSHARES QQQ TRUST 104,437 9,808,000 1.26%
4227 ISHARES TR 84,845 10,080,000 1.30%
4228 VANGUARD WORLD FD 73,643 10,602,000 1.36%
4229 SPDR S&P 500 ETF TR 971,354 190,113,000 24.43%
Page 85 of 85

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001533421-14-000005, filed 2014.08.14).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.