Institutional Manager · CIK 0001481986

DRW Securities, LLC

CHICAGO, IL · File #028-13722

Latest AUM

$3.78B

Positions

1,204

Top-10 Concentration

68.1%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	ISHARES BITCOIN TRUST ETF	IBIT	-3,123,355	-$155.1M	-$59.3M
ADD	ISHARES TR	464288513	+1,537,666	+$124.0M	-$5,194
EXITED	TRUMP MEDIA &TECHNOLOGY GRO	25400Q105	-3,881,857	-$63.9M	$0
REDUCE	ISHARES ETHEREUM TRUST ETF	46438R105	-2,553,284	-$57.3M	-$27.1M
NEW	SPDR GOLD TR	GLD	+99,098	+$39.3M	$0
NEW	ISHARES INC	46434G772	+601,395	+$38.2M	$0
REDUCE	ISHARES TR	464287184	-827,266	-$31.7M	-$2.4M
NEW	ISHARES TR	46432F834	+358,471	+$30.3M	$0
REDUCE	ISHARES RUSSELL 2000 INDEX ETF	464287655	-121,875	-$30.0M	+$765,433
ADD	ISHARES TR	46429B598	+481,624	+$26.0M	+$188,380

Sector Allocation

Financials

11.5%$436.0M

Technology

9.9%$373.3M

Consumer Discretionary

7.0%$266.7M

Healthcare

3.9%$145.9M

Materials

2.1%$81.3M

Consumer Staples

1.2%$44.0M

Communication Services

0.8%$31.1M

0.6%$23.4M

0.5%$18.2M

0.2%$8.9M

0.1%$3.8M

Filing History

Feb 12, 202613F HOLDINGS REPORTQ/E Dec 20251,204 pos · $3.78B
Nov 14, 202513F HOLDINGS REPORTQ/E Sep 20251,262 pos · $5.45B
Aug 14, 202513F HOLDINGS REPORTQ/E Jun 20251,089 pos · $4.42B
May 15, 202513F HOLDINGS REPORTQ/E Mar 2025580 pos · $3.59B
Feb 13, 202513F HOLDINGS REPORTQ/E Dec 2024583 pos · $2.92B
Nov 13, 202413F HOLDINGS REPORTQ/E Sep 2024552 pos · $3.61B
Aug 13, 202413F HOLDINGS REPORTQ/E Jun 2024513 pos · $2.52B
May 14, 202413F HOLDINGS REPORTQ/E Mar 2024380 pos · $3.73B
Nov 13, 202313F HOLDINGS REPORTQ/E Dec 2023334 pos · $4.9M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES RUSSELL 2000 INDEX ETF	464287655	2,864,500	$705.1M	27.35%
2	INVESCO QQQ TR	IVZ	536,400	$329.5M	12.78%
3	ISHARES BITCOIN TRUST ETF	IBIT	3,565,000	$177.0M	6.87%
4	ISHARES TR	464288513	1,554,000	$125.3M	4.86%
5	ASML HOLDING N V	ASMLF	99,000	$105.9M	4.11%
6	TESLA INC	TSLA	170,600	$76.7M	2.98%
7	TESLA INC	TSLA	168,600	$75.8M	2.94%
8	VANECK ETF TRUST	92189F106	700,000	$60.0M	2.33%
9	APPLE INC	AAPL	183,700	$49.9M	1.94%
10	ASTRAZENECA PLC	AZN	542,000	$49.8M	1.93%
11	ISHARES BITCOIN TRUST ETF	IBIT	982,000	$48.8M	1.89%
12	SPDR GOLD TR	GLD	99,098	$39.3M	1.52%
13	ISHARES INC	46434G772	601,395	$38.2M	1.48%
14	ISHARES BITCOIN TRUST ETF	IBIT	740,959	$36.8M	1.43%
15	SPDR S&P 500 ETF TR	SPY	53,000	$36.1M	1.40%
16	QUALCOMM INC	QCOM	198,700	$34.0M	1.32%
17	ISHARES RUSSELL 2000 INDEX ETF	464287655	137,500	$33.8M	1.31%
18	ASTRAZENECA PLC	AZN	349,500	$32.1M	1.25%
19	ISHARES TR	46429B598	578,179	$31.3M	1.21%
20	ISHARES TR	46432F834	358,471	$30.3M	1.18%