Tower Research Capital LLC (TRC) BRZU — DIREXION SHS ETF TR

Ownership history in Tower Research Capital LLC (TRC)  ·  25 quarters on record

AI Ownership Summary

Tower Research Capital LLC (TRC) reported DIREXION SHS ETF TR (BRZU) in 25 quarterly 13F filings from 2023 Q4 through 2025 Q4. The latest visible filing shows BRZU at 0.00% 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 BRZU 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 DIREXION SHS ETF TR, 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 Q4

BRZU was reported at 0.00% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
0.0% in 2025 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 Q4

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.

BRZU stock page Tower Research Capital LLC (TRC) fund profile Tower Research Capital LLC (TRC) full holdings
How Tower Research Capital LLC (TRC) held BRZU — position size vs. price
% of Fund (quarterly)    BRZU 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 Q4 REDUCED 98.5% +40.3% ❌ 6 -402 -98.5% 0.00% $478 2026-02-17 $110.14
2025 Q3 ADDED — — — 408 +246 +151.9% 0.00% $30K 2025-11-14 $82.13
2025 Q2 REDUCED 57.7% +12.6% ❌ 162 -221 -57.7% 0.00% $11K 2025-08-15 $60.78
2025 Q1 ADDED — — — 383 +158 +70.2% 0.00% $20K 2025-05-15 $59.21
2024 Q3 ADDED — — — 225 +46 +25.7% 0.00% $16K 2024-11-14 $56.00
2024 Q2 ADDED — — — 179 +95 +113.1% 0.00% $11K 2024-08-13 $68.52
2024 Q1 REDUCED 16.8% -27.4% ✅ 84 -17 -16.8% 0.00% $7K 2024-05-15 $73.76
2023 Q4 REDUCED 46.0% -19.1% ✅ 101 -86 -46.0% 0.00% $10K 2024-02-13 $78.90
17 older quarters hidden  —  Sign in free or upgrade to Premium to see full history

🏢 Other funds also holding BRZU

As of 2026 Q1 — sorted by position size

SUSQUEHANNA INTERNATIONAL GROUP, LLP 3Y 7Y 0.0% GROUP ONE TRADING LLC 3Y 7Y 0.0% SUSQUEHANNA INTERNATIONAL GROUP, LLP 3Y 7Y 0.0% SUSQUEHANNA INTERNATIONAL GROUP, LLP 3Y 7Y 0.0% JANE STREET GROUP, LLC 3Y 7Y 0.0% JANE STREET GROUP, LLC 3Y 7Y 0.0% SBI Securities Co., Ltd. 0.0% HARBOUR INVESTMENTS, INC. 3Y 0.0% CITADEL ADVISORS LLC 3Y 7Y 0.0% CITADEL ADVISORS LLC 3Y 7Y 0.0%

FAQ About Tower Research Capital LLC (TRC) and BRZU

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 BRZU?

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

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

The largest reported portfolio weight for BRZU was 0.00% in 2025 Q3.

What is the latest reported BRZU position on this page?

The most recent filing on this page is 2025 Q4, when Tower Research Capital LLC (TRC) reported 6 shares, equal to 0.00% of portfolio, with an estimated market value of $478.

What does the chart on this BRZU ownership page compare?

The chart compares Tower Research Capital LLC (TRC)'s quarterly BRZU 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 BRZU position?

Based on 13F filing dates vs. subsequent BRZU price moves, Tower Research Capital LLC (TRC) correctly timed 13 out of 24 reported position changes (54%). The annualised alpha on BRZU relative to SPY over the holding period was -33.0%.

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