TD Securities (USA) LLC
TD Securities (USA) LLC was an authorized participant (AP) for 880 US ETFs in Form N-CEN periods ending Jul 31, 2025 to Jun 30, 2026. It created $765m and redeemed $633m of their shares. It was active in 20 of them.
tdsecurities.com, the firm’s website ↗| # | Ticker | Fund | Category | Created | Redeemed | Created and redeemed ↓ | Share of the fund’s AP dollars | Active APs in the fund | Period ending |
|---|---|---|---|---|---|---|---|---|---|
| 1 | XMMO | Invesco S&P MidCap Momentum ETF | U.S. stocks | $227m | $233m | $459m | 8.3% | 13 | Apr 30, 2026 |
| 2 | XMVM | Invesco S&P MidCap Value with Momentum ETF | U.S. stocks | $109m | $110m | $219m | 47.4% | 9 | Apr 30, 2026 |
| 3 | GRPM | Invesco S&P MidCap 400 GARP ETF | U.S. stocks | $84.2m | $85.3m | $170m | 42.1% | 6 | Apr 30, 2026 |
| 4 | NULG | Nuveen ESG Large-Cap Growth ETF | U.S. stocks | $129m | $0 | $129m | 8.4% | 6 | Oct 31, 2025 |
| 5 | CZA | Invesco Zacks Mid-Cap ETF | U.S. stocks | $39.9m | $40.6m | $80.4m | 77.9% | 6 | Apr 30, 2026 |
| 6 | SQQQ | ProShares UltraPro Short QQQ | Leverage | $65.7m | $0 | $65.7m | 0.2% | 9 | May 31, 2026 |
| 7 | UPGD | Invesco Bloomberg Analyst Rating Improvers ETF | U.S. stocks | $26.2m | $26.5m | $52.7m | 73.8% | 5 | Apr 30, 2026 |
| 8 | AAPB | GraniteShares 2x Long AAPL Daily ETF | Leverage | $24.0m | $24.0m | $48.1m | 14.6% | 8 | Jun 30, 2026 |
| 9 | TSLL | Direxion Daily TSLA Bull 2X ETF | Leverage | $7.2m | $29.2m | $36.4m | 0.2% | 11 | Oct 31, 2025 |
| 10 | NVDU | Direxion Daily NVDA Bull 2X ETF | Leverage | $3.7m | $24.8m | $28.6m | 0.9% | 7 | Oct 31, 2025 |
| 11 | AMZZ | GraniteShares 2x Long AMZN Daily ETF | Leverage | $13.3m | $13.3m | $26.5m | 5.5% | 8 | Jun 30, 2026 |
| 12 | AMZU | Direxion Daily AMZN Bull 2X ETF | Leverage | $0 | $20.8m | $20.8m | 2.0% | 9 | Oct 31, 2025 |
| 13 | GGLL | Direxion Daily GOOGL Bull 2X ETF | Leverage | $12.9m | $7.5m | $20.4m | 1.6% | 7 | Oct 31, 2025 |
| 14 | PPA | Invesco Aerospace & Defense ETF | Themes | $15.1m | $0 | $15.1m | 0.5% | 12 | Apr 30, 2026 |
| 15 | MSFU | Direxion Daily MSFT Bull 2X ETF | Leverage | $0 | $8.4m | $8.4m | 1.6% | 6 | Oct 31, 2025 |
| 16 | BRKU | Direxion Daily BRKB Bull 2X ETF | Leverage | $0 | $5.4m | $5.4m | 3.5% | 8 | Oct 31, 2025 |
| 17 | TQQQ | ProShares UltraPro QQQ | Leverage | $4.6m | $0 | $4.6m | 0.0% | 10 | May 31, 2026 |
| 18 | AVL | Direxion Daily AVGO Bull 2X ETF | Leverage | $0 | $4.5m | $4.5m | 1.3% | 7 | Oct 31, 2025 |
| 19 | FTSL | First Trust Senior Loan Fund | Bonds | $2.3m | $0 | $2.3m | 0.5% | 9 | Oct 31, 2025 |
| 20 | NVDL | GraniteShares 2x Long NVDA Daily ETF | Leverage | $864k | $854k | $1.7m | 0.0% | 12 | Jun 30, 2026 |
TD Securities (USA) by category
The ETFs TD Securities (USA) LLC serves, by the category each is placed in, with what it created and redeemed in each.
| # | Category | Share of its dollars | ETFs served | Active in | Created | Redeemed | Only active AP in |
|---|---|---|---|---|---|---|---|
| 1 | U.S. stocks | 79.4% | 204 | 6 | $616m | $495m | 0 |
| 2 | International stocks | 0.0% | 118 | 0 | $0 | $0 | 0 |
| 3 | Sector stocks | 0.0% | 47 | 0 | $0 | $0 | 0 |
| 4 | Bonds | 0.2% | 113 | 1 | $2.3m | $0 | 0 |
| 5 | Commodities | 0.0% | 5 | 0 | $0 | $0 | 0 |
| 6 | Allocation | 0.0% | 3 | 0 | $0 | $0 | 0 |
| 7 | Buffer | 0.0% | 98 | 0 | $0 | $0 | 0 |
| 8 | Income | 0.0% | 47 | 0 | $0 | $0 | 0 |
| 9 | Themes | 1.1% | 105 | 1 | $15.1m | $0 | 0 |
| 10 | Leverage | 19.4% | 119 | 12 | $132m | $139m | 0 |
| 11 | Crypto | 0.0% | 2 | 0 | $0 | $0 | 0 |
| 12 | Alternatives | 0.0% | 19 | 0 | $0 | $0 | 0 |
Questions people ask
Is TD Securities (USA) an ETF authorized participant (AP)?
Which ETFs does TD Securities (USA) create and redeem the most?
How much of an ETF’s AP activity does TD Securities (USA) handle?
Where do these figures come from?
Method
TD Securities (USA) LLC is identified by CRD 18476, SEC file number 8-36747, LEI SUVUFHICNZMP2WKHG940. It is on the SEC’s list of active broker-dealers dated Oct 1, 2026 as TD SECURITIES (USA) LLC. Funds filed its name 3 ways; every spelling is in dealers.json. Every row is one authorized participant (AP) listed in item E.2 of an ETF’s latest Form N-CEN, with the dollars of the fund’s shares it purchased from the fund (created) and redeemed in the fund’s reporting period, as filed. A fund’s period is its own fiscal year, or less where the filing says so, so a firm’s total adds periods that end on different days. Rows are grouped into firms by the identifiers each row carries: the CRD number first, the SEC file number and LEI where the CRD is missing or typed wrong, never by name. 71 of 75,056 rows carry a CRD their file number and LEI place on another firm, and are counted there.
The rest of the method
A firm’s name is its registration on the SEC’s list of active broker-dealers where it is on it. Spot crypto and commodity trusts and ETNs file no N-CEN and are not here.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A list of firms is not a rating or a recommendation.
Questions people ask
Is TD Securities (USA) an ETF authorized participant (AP)?
Yes. TD Securities (USA) LLC is listed as an AP for 880 US ETFs in Form N-CEN periods ending Jul 31, 2025 to Jun 30, 2026, and created or redeemed shares in 20 of them.
Which ETFs does TD Securities (USA) create and redeem the most?
By dollars created and redeemed: XMMO, $459m; XMVM, $219m; GRPM, $170m; NULG, $129m; CZA, $80.4m.
How much of an ETF’s AP activity does TD Securities (USA) handle?
Across the 20 funds it was active in, its share of each fund’s AP dollars ran from 0.0% to 77.9%. It was the only active AP in 0 ETFs.
Where do these figures come from?
From item E.2 of each ETF’s latest Form N-CEN, which names its APs and the dollars each created and redeemed. ETFIQ groups the rows by TD Securities (USA)’s CRD, SEC file number and LEI, never by the name as typed.
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ETFIQ, TD Securities (USA) LLC as an ETF authorized participant, data as of Sep 23, 2026. https://etfiq.com/trading/authorized-participants/td-securities-usa/
ETFIQ. (Sep 23, 2026). TD Securities (USA) LLC as an ETF authorized participant. Retrieved from https://etfiq.com/trading/authorized-participants/td-securities-usa/
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