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Livermore
Livermore
ZHEN

DRW Securities, LLC

SEC CIK
0001481986
Latest filing
Aug 14, 2026

The latest 13F from DRW Securities, LLC covers Q2 2026 (filed Aug 14, 2026): 811 long positions worth $1.68B. The top 10 holdings make up 36.3% of the portfolio, and the largest is SPDR S&P 500 ETF Trust (SPY) at 6.7%. Livermore has 21 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
313
Est. +$424.6M
Added
171
Est. +$408.7M
Reduced
295
Est. −$616.5M
Sold out
606
Est. −$514.0M

Top 5 holdings

Share of this quarter's portfolio value

  1. SPYSPDR S&P 500 ETF Trust
    6.7%$111.9MHistory
  2. IBITiShares Bitcoin Trust ETF
    5.6%$94.3MHistory
  3. NVDANVIDIA Corp
    4.1%$68.3MHistory
  4. iShares Iboxx $ Investment Grade Corporate Bond ETF464287242
    3.9%$65.8M
  5. Invesco QQQ Trust Series I46090E103
    3.2%$53.8M

Biggest buys

New and added positions, by estimated amount bought

  1. IBITiShares Bitcoin Trust ETF
    +$94.3MNewHistory
  2. iShares Iboxx $ Investment Grade Corporate Bond ETF464287242
    +$63.2MAdded
  3. iShares Inc464286400
    +$45.3MAdded
  4. iShares Tips Bond ETF464287176
    +$45.1MNew
  5. Invesco QQQ Trust Series I46090E103
    +$31.7MAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. IBITiShares Bitcoin Trust ETF
    +5.62 pp0.0% → 5.6%History
  2. iShares Iboxx $ Investment Grade Corporate Bond ETF464287242
    +3.78 pp0.1% → 3.9%
  3. iShares Inc464286400
    +2.70 pp0.1% → 2.7%
  4. iShares Tips Bond ETF464287176
    +2.69 pp0.0% → 2.7%
  5. Invesco QQQ Trust Series I46090E103
    +2.26 pp0.9% → 3.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GOOGLAlphabet Inc.
    −$76.4MReducedHistory
  2. iShares Core MSCI Emerging Markets ETF46434G103
    −$76.2MSold out
  3. Vanguard Ftse Developed Markets ETF921943858
    −$58.8MReduced
  4. iShares Tr464287234
    −$51.1MReduced
  5. iShares Tr464287184
    −$28.3MReduced

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. iShares Core MSCI Emerging Markets ETF46434G103
    −4.15 pp4.1% → 0.0%
  2. GOOGLAlphabet Inc.
    −3.29 pp3.5% → 0.2%History
  3. Vanguard Ftse Developed Markets ETF921943858
    −2.80 pp3.2% → 0.4%
  4. iShares Tr464287234
    −2.27 pp2.4% → 0.1%
  5. iShares Tr464287184
    −1.80 pp2.9% → 1.1%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.68B
−$157.9M (−8.6%) vs. prior quarter
Positions
811
−293 vs. prior quarter
Top 10 concentration
36.3%
Top 10 as share of value
Turnover
47.4%
Q2 2026, one quarter
Average holding period
4.4 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

21 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $3.33B (Q4 2023)

Q1 2021: $284.8MQ2 2021: $746.7MQ3 2021: $338.8MQ4 2021: $1.15BQ1 2022: $397.9MQ2 2022: $381.3MQ4 2022: $491.5MQ1 2023: $683.2MQ2 2023: $1.29BQ3 2023: $1.26BQ4 2023: $3.33BQ1 2024: $1.75BQ2 2024: $1.63BQ3 2024: $1.82BQ4 2024: $1.48BQ1 2025: $1.18BQ2 2025: $1.42BQ3 2025: $1.95BQ4 2025: $1.31BQ1 2026: $1.84BQ2 2026: $1.68B
Q1 2021Q2 2026
13F filings of DRW Securities, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 14, 2026811$1.68BSPYIBITNVDAvs. Q1 2026SEC
Q1 2026May 13, 20261,104$1.84BSPYiShares Core MSCI Emerging Markets ETFGOOGLvs. Q4 2025SEC
Q4 2025Feb 12, 20261,065$1.31BGLDiShares IncIBITvs. Q3 2025SEC
Q3 2025Nov 14, 20251,078$1.95BIBITETHADJTvs. Q2 2025SEC
Q2 2025Aug 14, 2025951$1.42BGLDDJTiShares Russell 2000 ETFvs. Q1 2025SEC
Q1 2025May 15, 2025453$1.18BNVDAIBITTSMvs. Q4 2024SEC
Q4 2024Feb 13, 2025457$1.48BIBITiShares Core MSCI Eafe ETFAAPLvs. Q3 2024SEC
Q3 2024Nov 13, 2024462$1.82BSPYiShares TriShares MSCI Eafe ETFvs. Q2 2024SEC
Q2 2024Aug 13, 2024403$1.63BSPYETHEInvesco QQQ Trust Series Ivs. Q1 2024SEC
Q1 2024May 14, 2024278$1.75BSPYiShares MSCI India ETFAAPLvs. Q4 2023SEC
Q4 2023Feb 16, 2024248$3.33BSPYiShares TriShares Core MSCI Emerging Markets ETFvs. Q3 2023SEC
Q3 2023Nov 13, 2023260$1.26BSPYGOOGLMSFTvs. Q2 2023SEC
Q2 2023Aug 15, 2023258$1.29BSPYiShares TriShares MSCI Acwi Ex U.S. ETFvs. Q1 2023SEC
Q1 2023May 15, 2023220$683.2MiShares TrNVDAAMDvs. Q4 2022SEC
Q4 2022Feb 15, 2023169$491.5MSPYSLViShares Tr–SEC
Q2 2022Aug 12, 2022160$381.3MiShares TrMSFTAAPLvs. Q1 2022SEC
Q1 2022May 12, 2022176$397.9MTSLAiShares TriShares MSCI Eafe ETFvs. Q4 2021SEC
Q4 2021Feb 14, 2022147$1.15BSPYiShares TrTSLAvs. Q3 2021SEC
Q3 2021Nov 12, 2021169$338.8MAAPLiShares IncSLVvs. Q2 2021SEC
Q2 2021Aug 12, 2021191$746.7MSPYiShares IncAPTOvs. Q1 2021SEC
Q1 2021May 13, 2021127$284.8MAPTOiShares IncSPY–SEC