Tower Research Capital LLC (TRC) VNQ — VANGUARD INDEX FDS REIT ETF

Ownership history in Tower Research Capital LLC (TRC)  ·  44 quarters on record

AI Ownership Summary

Tower Research Capital LLC (TRC) reported VANGUARD INDEX FDS REIT ETF (VNQ) in 44 quarterly 13F filings from 2023 Q4 through 2025 Q3. Peak portfolio weight reached 0.43% in 2024 Q3. The latest visible filing shows VNQ at 0.18% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings. Older history is available after unlock; the visible window still shows the most recent pattern.

What this VNQ ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was Tower Research Capital LLC (TRC)'s position in VANGUARD INDEX FDS REIT ETF, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2025 Q3

VNQ was reported at 0.18% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
0.43% in 2024 Q3

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2023 Q4 to 2025 Q3

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

VNQ stock page Tower Research Capital LLC (TRC) fund profile Tower Research Capital LLC (TRC) full holdings
How Tower Research Capital LLC (TRC) held VNQ — position size vs. price
% of Fund (quarterly)    VNQ price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 8 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2025 Q3 ADDED — — — 73,117 +61,133 +510.1% 0.18% $6.7M 2025-11-14 $87.84
2025 Q2 REDUCED 54.4% +3.2% ❌ 11,984 -14,278 -54.4% 0.03% $1.1M 2025-08-15 $87.09
2025 Q1 REDUCED 64.3% -0.7% ✅ 26,262 -47,292 -64.3% 0.07% $2.4M 2025-05-15 $85.78
2024 Q4 REDUCED 56.3% +2.7% ❌ 73,554 -94,628 -56.3% 0.13% $6.6M 2025-02-13 $87.63
2024 Q3 ADDED — — — 168,182 +83,599 +98.8% 0.43% $16.4M 2024-11-14 $88.39
2024 Q2 ADDED — — — 84,583 +46,266 +120.7% 0.12% $7.1M 2024-08-13 $85.28
2024 Q1 ADDED — — — 38,317 +38,043 +13884.3% 0.08% $3.3M 2024-05-15 $78.46
2023 Q4 REDUCED 99.8% -3.0% ✅ 274 -174,229 -99.8% 0.00% $24K 2024-02-13 $75.69
36 older quarters hidden  —  Sign in free or upgrade to Premium to see full history

🏢 Other funds also holding VNQ

As of 2026 Q1 — sorted by position size

Gibson Capital, LLC 3Y 7Y 22.91% Vanderbilt University 14.58% DEFINE FINANCIAL, LLC 10.46% Fort Henry Capital, LLC 3Y 8.89% Somnio Financial Group, LLC 8.23% Whelan Financial 3Y 7.28% Horizons Wealth Management 3Y 6.81% Allodium Investment Consultants, LLC 6.72% BluePrint Investing LLC 6.07% ATMOS ADVISORY, LLC 3Y 5.76%

FAQ About Tower Research Capital LLC (TRC) and VNQ

These are the practical questions this page is built to answer before you even open the full history table.

How long has Tower Research Capital LLC (TRC) reported owning VNQ?

Tower Research Capital LLC (TRC) reported VNQ across 8 quarterly 13F filings, from 2023 Q4 through 2025 Q3.

What was the largest reported VNQ position in Tower Research Capital LLC (TRC)'s portfolio?

The largest reported portfolio weight for VNQ was 0.43% in 2024 Q3.

What is the latest reported VNQ position on this page?

The most recent filing on this page is 2025 Q3, when Tower Research Capital LLC (TRC) reported 73,117 shares, equal to 0.18% of portfolio, with an estimated market value of $6.7M.

What does the chart on this VNQ ownership page compare?

The chart compares Tower Research Capital LLC (TRC)'s quarterly VNQ portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did Tower Research Capital LLC (TRC) time their VNQ position?

Based on 13F filing dates vs. subsequent VNQ price moves, Tower Research Capital LLC (TRC) correctly timed 17 out of 43 reported position changes (40%). The annualised alpha on VNQ relative to SPY over the holding period was -7.4%.

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