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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 (2014Q4)
Portfolio Summary: 4,347 holdings with a total value of $1,030,349,000.
#
Name
Shares
Value ($)
%
Options
Notes
4251 ISHARES INC 40,293 893,000 0.09%
4252 FIRST TR LRGE CP CORE ALPHA 19,804 904,000 0.09%
4253 ISHARES 25,407 929,000 0.09%
4254 FIRST TRUST EXCH TRADED FUND 2 FINLS ALPHADEX ETF 43,934 1,022,000 0.10%
4255 FIRST TRUST EXCH TRADED FUND 2 INDLS PROD DUR ETF 33,687 1,022,000 0.10%
4256 ISHARES TR 9,539 1,065,000 0.10%
4257 POWERSHARES ETF TRUST 42,194 1,086,000 0.11%
4258 ISHARES TR 7,275 1,101,000 0.11%
4259 ISHARES MSCI ACWI EX US IDX FD 26,513 1,140,000 0.11%
4260 ISHARES INC 21,966 1,215,000 0.12%
4261 iShares Mortgage Real Estate C 106,231 1,244,000 0.12%
4262 DIREXION DAILY GOLD MINERS BUL 113,760 1,270,000 0.12%
4263 DIREXION SHS ETF TR 10,441 1,328,000 0.13%
4264 ISHARES TR 14,474 1,343,000 0.13%
4265 DIREXION SHS ETF TR 56,655 1,397,000 0.14%
4266 CHENIERE ENERGY INC 20,407 1,437,000 0.14%
4267 AMERICAN TOWER CORP NEW 14,881 1,471,000 0.14%
4268 SCHWAB US DIVIDEND EQUITY ETF 37,789 1,506,000 0.15%
4269 Vaneck Vectors Gold 83,514 1,535,000 0.15%
4270 PROSHARES TR 16,424 1,540,000 0.15%
4271 VANGUARD WORLD FDS 14,737 1,583,000 0.15%
4272 ISHARES TR 17,360 1,613,000 0.16%
4273 SCHWAB U.S. REIT ETF 44,225 1,722,000 0.17%
4274 SCIENCE APPLICATNS INTL CP N 35,446 1,756,000 0.17%
4275 DIREXION SHS ETF TR 141,164 1,789,000 0.17%
4276 ProShares TR 47,878 1,821,000 0.18%
4277 PROSHARES ULTRASHORT RUSSELL2000 46,584 1,844,000 0.18%
4278 ISHARES RUSSELL 3000 ETF 15,265 1,867,000 0.18%
4279 ISHARES TR 13,297 1,916,000 0.19%
4280 VANGUARD INDEX FDS 18,353 1,941,000 0.19%
4281 DIREXION SHS ETF TR 25,544 2,241,000 0.22%
4282 DIREXION SHS ETF TR 28,580 2,254,000 0.22%
4283 VANGUARD INDEX FDS 18,350 2,267,000 0.22%
4284 FIRST TRUST EXCH TRADED FUND 2 MATERIALS ALPH ETF 73,305 2,313,000 0.22%
4285 SPDR SERIES TRUST 21,591 2,331,000 0.23%
4286 PROSHARES TR 114,851 2,499,000 0.24%
4287 PROSHARES TR 85,199 2,542,000 0.25%
4288 VANGUARD WORLD FD 22,930 2,559,000 0.25%
4289 ISHARES RUSSELL 2000 VALUE ETF 27,001 2,745,000 0.27%
4290 VANGUARD WORLD FD 34,551 2,808,000 0.27%
4291 Ishares - Japan 250,460 2,815,000 0.27%
4292 ISHARES TR 49,528 2,897,000 0.28%
4293 DIREXION SHS ETF TR 142,719 2,997,000 0.29%
4294 ISHARES TR 32,236 3,005,000 0.29%
4295 ISHARES TR 27,006 3,055,000 0.30%
4296 VANGUARD INDEX FDS 24,915 3,138,000 0.30%
4297 SELECT SECTOR SPDR TR 44,046 3,178,000 0.31%
4298 PROSHARES TR 25,397 3,187,000 0.31%
4299 PROSHARES TR 30,219 3,193,000 0.31%
4300 VANGUARD WORLD FDS 30,004 3,205,000 0.31%
Page 86 of 87

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001533421-15-000003, filed 2015.02.05).

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.