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Tower Research Capital LLC (trc)
Tower Research Capital LLC (TRC) is a leading American quantitative trading and technology-driven firm headquartered in New York, New York, with over 1,100 employees globally as of 2025. Founded in 1998 by Mark Gorton and Alistair Brown, Tower specializes in automated and quantitative trading across a broad spectrum of asset classes in global markets. The firm is known for its robust internal technology platform, supporting diverse trading and research teams operating with independence but sharing common infrastructure. Tower welcomes top systematic portfolio managers to build their own strategies while benefiting from advanced engineering, research, risk management, and compliance resources. TRC serves institutional clients and operates offices in major financial centers worldwide, including London, Singapore, Mumbai, Chicago, and others.
Investment Strategy
Tower Research Capital LLC deploys a wide array of quantitative and automated trading strategies that leverage high-performance technology and cutting-edge engineering. Its teams operate with significant autonomy to create, test, and implement systematic trading models using proprietary software and ultra-low latency infrastructure. The firm invests heavily in data-driven research, machine learning, and simulation to identify trends and exploit market inefficiencies across more than 150 global trading venues. Focused on innovation, speed, and scientific rigor, Tower continually seeks new opportunities in equities, futures, foreign exchange, and other asset classes, while maintaining a strong culture of risk management and compliance.
Latest 13F Filing Activity
Tower Research Capital LLC (trc) filed their most recent 13F report on Jun 30, 2025 disclosing 4,837 equity positions with a total 13F market value of $4B. The fund increased holdings in SPDR S&P 500 Etf TR, Palantir Technologies Inc., SPDR Series Trust among other positions. Tower Research Capital LLC (trc) reduced exposure to Invesco QQQ TR, Meta Platforms Inc., Apple Inc. among others.
Top Holdings
Equity Positions (4,837)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TR | 4.05% | $150.1M | 242,860 | $606.35 | $617.85 | +$138.7M |
M MSFT | MICROSOFT CORP | 3.75% | $139.0M | 279,391 | $403.23 | $497.41 | +$3.7M |
N NVDA | NVIDIA CORPORATION | 3.14% | $116.4M | 736,574 | $92.01 | $157.99 | +$17.1M |
A AAPL | APPLE INC | 2.74% | $101.6M | 495,427 | $229.26 | $205.17 | -$24.6M |
Q QQQ | INVESCO QQQ TR | 2.08% | $77.2M | 139,884 | $469.28 | $551.64 | -$179.4M |
Industry Allocation
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