UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 13F
FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended: March 31, 2012

Check here if Amendment []; Amendment Number:
This Amendment (check only one):  		[]  is a restatement
					[] adds new holdings entries

Insitutional Investment Manager Filing this Report:

				Name:              	DRW Holdings, LLC
				Address:	   	540 West Madison St, Suite 2500
						Chicago, IL 60661

				File Number:  	28-13722

This instituional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this submission.

Person Signing this Report on Behalf of Reporting Manager:

Name:			Donald R. Wilson, Jr

Title:			Manager

Phone:			312-542-1000

Signature,		Place,				and Date of Signing:

Donald R. Wilson, Jr	Chicago, IL			May 15, 2012

Report Type (Check only one.):

			[X] 13F HOLDINGS REPORT

			[]  13F NOTICE

			[]  13F COMBINATION REPORT

List of Other Managers Reporting for this Manager:



FORM 13F SUMMARY PAGE

Report Summary:

Number of Other Included Managers:			1

Form 13F Information Table Entry Total:			181

Form 13F Information Table Value Total:			$1,860,023

List of Other Included Managers:

No.					13F File Number			Name
02					28-13722			DRW SECURITIES, LLC

		 			 		  

FORM 13F INFORMATION TABLE

NAME OF ISSUER 				TITLE OF CLASS	 CUSIP		VALUE 	SHARES/ SH/ PUT/   INVESTMENT	OTHER	   VOTING
									(x$1000)PRN AMT PRN CALL   DISCRETION	MANAGERS AUTHORITY

CLAYMORE EXCHANGE TRD FD TR		GUGGEN DEFN EQTY18383M878	445	15770	SH	2		NONE
CLAYMORE EXCHANGE TRD FD TR		GUGG INSDR SENT	18383M209	1090	30887	SH	2		NONE
CLAYMORE EXCHANGE TRD FD TR		GUGG CHN RL EST	18383Q861	182	10550	SH	2		NONE
DIREXION SHS ETF TR			DLY FIN BULL NEW	25459Y694	1315	11781	SH	2		NONE
DIREXION SHS ETF TR			DLY MIDCAP ETF3X	25459W730	634	15017	SH	2		NONE
DIREXION SHS ETF TR			RETAIL BULL 3X	25459W417	639	7215	SH	2		NONE
DIREXION SHS ETF TR			20YR TRES BULL	25459W540	3958	69044	SH	2		NONE
DIREXION SHS ETF TR			20YR TRES BEAR	25459Y678	3409	42674	SH	2		NONE
DIREXION SHS ETF TR			7 10YR TRES BEAR	25459W557	1593	56468	SH	2		NONE
EGA EMERGING GLOBAL SHS TR		EGS BRAZ INF ETF	268461829	357	14500	SH	2		NONE
FIRST TR DJS MICROCAP INDEX		COM SHS ANNUAL	33718M105	1209	53016	SH	2		NONE
FIRST TR EXCHANGE TRADED FD		NY ARCA BIOTECH	33733E203	210	4994	SH	2		NONE
FIRST TR EXCHANGE TRADED FD		DJ INTERNT IDX	33733E302	1030	27674	SH	2		NONE
FIRST TR EXCHANGE TRADED FD		HLTH CARE ALPH	33734X143	219	7076	SH	2		NONE
FIRST TR EXCHANGE TRADED FD		UTILITIES ALPH	33734X184	196	11034	SH	2		NONE
FIRST TR EXCHANGE TRADED FD		MATERIALS ALPH	33734X168	347	13643	SH	2		NONE
FIRST TR ISE WATER INDEX FD		COM		33733B100	735	30384	SH	2		NONE
FIRST TR MID CAP CORE ALPHAD		COM SHS		33735B108	1665	45108	SH	2		NONE
FIRST TR NAS100 EQ WEIGHTED		SHS		337344105	849	31284	SH	2		NONE
FIRST TR NASDAQ100 TECH INDE		SHS		337345102	625	21625	SH	2		NONE
FOCUSSHARES TR				MRNGSTR US MKT	34416W502	513	18949	SH	2		NONE
GLOBAL X FDS				CHINA FINL ETF	37950E606	129	11504	SH	2		NONE
HOLLYWOOD MEDIA CORP			COM		436233100	49	46200	SH	2		NONE
ISHARES TR				BARCLY USAGG B	464287226	1745	15915	SH	2		NONE
ISHARES TR				MSCI EMERG MKT	464287234	2135	49032	SH	2		NONE
ISHARES TR				MSCI EAFE INDEX	464287465	383	6900	SH	2		NONE
ISHARES TR				MSCI PAC J IDX	464286665	260	5932	SH	2		NONE
ISHARES TR				MSCI TAIWAN	464286731	1175	88020	SH	2		NONE
ISHARES TR				REAL EST 50 IN	464288521	1076	27990	SH	2		NONE
ISHARES TR				FTSE CHINA25 IDX	464287184	841	22678	SH	2		NONE
ISHARES TR				DJ US UTILS	464287697	2632	30415	SH	2		NONE
ISHARES TR				BARCLY 3-7 YR	464288661	280	2315	SH	2		NONE
ISHARES TR				DJ OIL&GAS EXP	464288851	1250	18718	SH	2		NONE
ISHARES TR				DJ OIL EQUIP	464288844	574	10648	SH	2		NONE
ISHARES TR				S&P NA NAT RES	464287374	3267	81915	SH	2		NONE
ISHARES TR				S&P NA MULTIMD	464287531	403	12888	SH	2		NONE
ISHARES TR				S&P NA SOFTWR	464287515	642	9642	SH	2		NONE
ISHARES TR				DJ PHARMA INDX	464288836	560	6692	SH	2		NONE
ISHARES TR				DJ HEALTH CARE	464288828	450	6662	SH	2		NONE
ISHARES TR				DJ MED DEVICES	464288810	632	9272	SH	2		NONE
ISHARES TR				S&P MIDCAP 400	464287507	1041	10442	SH	2		NONE
ISHARES TR				S&P SMLCAP 600	464287804	585	7572	SH	2		NONE
ISHARES TR				S&P 500 INDEX	464287200	971	6823	SH	2		NONE
ISHARES TR				S&P500 GRW	464287309	1288	16942	SH	2		NONE
ISHARES TR				RUSSELL 1000	464287622	355	4512	SH	2		NONE
ISHARES TR				RUSL MCRCP IDX	464288869	1240	23810	SH	2		NONE
ISHARES TR				RUSSELL1000GRW	464287614	1640	24595	SH	2		NONE
ISHARES TR				RUSSELL 2000	464287655	1173	13993	SH	2		NONE
ISHARES TR				RUSL 2000 VALU	464287630	1417	19160	SH	2		NONE
ISHARES TR				RUSL 2000 GROW	464287648	2183	22643	SH	2		NONE
ISHARES TR				RUSSELL MCP GR	464287481	3134	49363	SH	2		NONE
ISHARES TR				RUSSELL MIDCAP	464287499	2009	18004	SH	2		NONE
ISHARES TR				CONS SRVC IDX	464287580	1454	17893	SH	2		NONE
ISHARES TR				DJ US ENERGY	464287796	1221	29138	SH	2		NONE
ISHARES TR				DJ US FINL SEC	464287788	218	3690	SH	2		NONE
ISHARES TR				DJ US FINL SVC	464287770	1351	23419	SH	2		NONE
ISHARES TR				DJ US HEALTHCR	464287762	2225	28349	SH	2		NONE
ISHARES TR				CONS GOODS IDX	464287812	458	6125	SH	2		NONE
ISHARES TR				DJ US REAL EST	464287739	1651	26324	SH	2		NONE
ISHARES TR				DJ US INDEX FD	464287846	1358	19050	SH	2		NONE
ISHARES TR				MID GRWTH INDX	464288307	809	7449	SH	2		NONE
ISHARES TR				SMLL CORE INDX	464288505	739	7743	SH	2		NONE
ISHARES TR				SMLL VAL INDX	464288703	735	8312	SH	2		NONE
ISHARES TR				BARCLYS MBS BD	464288588	2058	19088	SH	2		NONE
ISHARES TR				MSCI CHINA IDX	46429B671	415	9400	SH	2		NONE
ISHARES TR				RESIDENT PLS CAP	464288562	549	11761	SH	2		NONE
ISHARES TR				BARCLYS SH TREA	464288679	6834	62011	SH	2		NONE
ISHARES TR				BARCLYS 1-3 YR	464287457	12923	153277	SH	2		NONE
ISHARES TR				BARCLYS TIPS BD	464287176	476	4039	SH	2		NONE
ISHARES TR				BARCLYS 10-20YR	464288653	7517	58760	SH	2		NONE
ISHARES TR				BARCLYS 20+ YR	464287432	43748	388764	SH	2		NONE
MARKET VECTORS ETF TR			MV ENVIR SVCS	57060U209	1966	37294	SH	2		NONE
MARKET VECTORS ETF TR			GOLD MINER ETF	57060U100	509	10107	SH	2		NONE
OILSANDS QUEST INC			COM		678046103	3	14542	SH	2		NONE
OVERLAND STORAGE INC			COM NEW		690310206	115	50000	SH	2		NONE
PENDRELL CORP				COM		70686R104	107	40000	SH	2		NONE
PIMCO ETF TR				3-7YR US TREAS	72201R601	1282	15869	SH	2		NONE
PIMCO ETF TR				ENHAN SHRT MAT	72201R833	2599	25714	SH	2		NONE
PIMCO ETF TR				1-3YR USTREIDX	72201R106	493	9675	SH	2		NONE
POWERSHARES ACTIVE MNG ETF T		US REAL EST FD	73935B508	534	9650	SH	2		NONE
POWERSHARES ETF TR II			S&P SMCP ENE P	73937B704	618	16324	SH	2		NONE
POWERSHARES ETF TR II			S&P SMCP FIN P	73937B803	1320	43565	SH	2		NONE
POWERSHARES ETF TR II			S&P SMCP IT PO	73937B860	1653	51957	SH	2		NONE
POWERSHARES ETF TRUST			DYN FD & BEV	73935X849	828	41408	SH	2		NONE
POWERSHARES ETF TRUST			WNDRHLL CLN EN	73935X500	377	68421	SH	2		NONE
POWERSHARES ETF TRUST			DYN LSR & ENT	73935X757	626	28549	SH	2		NONE
POWERSHARES ETF TRUST			HI YLD EQ DVDN	73935X302	482	50669	SH	2		NONE
POWERSHARES ETF TRUST			DIV ACHV PRTF	73935X732	202	12718	SH	2		NONE
POWERSHARES ETF TRUST			WATER RESOURCE	73935X575	1538	79125	SH	2		NONE
POWERSHARES ETF TRUST			FTSE US1500 SM	73935X567	303	4407	SH	2		NONE
POWERSHARES ETF TRUST			DYN SFTWR PORT	73935X773	467	17202	SH	2		NONE
POWERSHARES ETF TRUST			HLTHCR SEC POR	73935X351	399	12268	SH	2		NONE
POWERSHARES ETF TRUST			DYNAMIC MKT PT	73935X104	263	5598	SH	2		NONE
POWERSHARES ETF TRUST			DYNAMIC OTC PT	73935X203	1840	35386	SH	2		NONE
POWERSHARES ETF TRUST			DYNM LRG CP VL	73935X708	892	42607	SH	2		NONE
POWERSHARES ETF TRUST			DYN OIL SVCS	73935X625	744	35330	SH	2		NONE
POWERSHARES ETF TRUST			FND PUR MDVAL PT73935X880	2397	138232	SH	2		NONE
POWERSHARES ETF TRUST II			DWA EMRG MKTS	73936Q207	347	19025	SH	2		NONE
POWERSHARES GLOBAL ETF TRUST		I-30 LAD TREAS	73936T524	401	12843	SH	2		NONE
PROSHARES TR				PUT		74347R957	98637	4875800	PUT	1		NONE
PROSHARES TR				MSCI EMRG ETF	74347X302	333	4033	SH	2		NONE
PROSHARES TR				SHT KBW REGBNK	74347X476	511	11397	SH	2		NONE
PROSHARES TR				ULT KBW REGBNK	74347X484	714	14345	SH	2		NONE
PROSHARES TR				PSHS ULSHT 7-10Y	74347R313	1065	34070	SH	2		NONE
PROSHARES TR				PSHS ULTRA QQQ	74347R206	490	4041	SH	2		NONE
PROSHARES TR				SHRT RL EST FD	74347X641	358	11734	SH	2		NONE
PROSHARES TR				PSHS TECHNOLOGY	74347X153	954	28817	SH	2		NONE
PROSHARES TR				PSHS ULTRA TECH	74347R693	3308	37308	SH	2		NONE
PROSHARES TR				PSHS ULT HLTHCRE	74347R735	2305	31302	SH	2		NONE
PROSHARES TR				PSHS ULSHT MC GR	74347X187	392	11225	SH	2		NONE
PROSHARES TR				PSHS ULSHT SP500	74347R883	239	16103	SH	1		NONE
PROSHARES TR				PSHS ULSHT SP500	74347R903	266	336	SH	1		NONE
PROSHARES TR				PSHS ULSHT SP500	74347R953	222	223	SH	1		NONE
PROSHARES TR				PSHS ULSH1000 GR	74347R461	349	24987	SH	2		NONE
PROSHARES TR				PSHS ULSHT MC VA	74347X161	716	18700	SH	2		NONE
PROSHARES TR				BASIC MAT NEW	74347X617	251	17255	SH	2		NONE
PROSHARES TR				ULTPR SHRT QQQ	74347X666	375	35839	SH	2		NONE
PROSHARES TR				REAL EST NEW 11	74348A871	1498	51529	SH	2		NONE
PROSHARES TR				SHRT 20+YR TRE	74347X849	581	17589	SH	2		NONE
PROSHARES TR				PSHS ULSHRT TELE	74347X252	452	12191	SH	2		NONE
PROSHARES TR				PSHS CONSMR SVCS74347R750	356	5182	SH	2		NONE
PROSHARES TR				ULTRPRO DOW30	74347X823	857	5100	SH	2		NONE
PROSHARES TR				PSHS ULT1000 GRW74347R537	272	4118	SH	2		NONE
PROSHARES TR				PSHS ULT 2000 GR	74347R487	304	5896	SH	2		NONE
PROSHARES TR				PSHS ULT MDCP GR	74347R511	539	9675	SH	2		NONE
PROSHARES TR				PSHS ULT SEMICDT	74347R669	2139	47075	SH	2		NONE
PROSHARES TR				ULTR 7-10 TREA	74347R180	3279	31761	SH	2		NONE
PROSHARES TR				PSHS ULT1000 VAL	74347R529	203	6029	SH	2		NONE
PROSHARES TR				PSHS ULT MCP VAL	74347R495	682	16944	SH	2		NONE
PROSHARES TR				PSHS ULTRA INDL	74347R727	905	17180	SH	2		NONE
RETRACTABLE TECHNOLOGIES INC		COM		76129W105	31	25000	SH	2		NONE
REVENUESHARES ETF TR			NAVELLR A-100	761396704	466	11705	SH	2		NONE
RYDEX ETF TRUST				GUG S&P SC500 EQ	78355W882	1292	23480	SH	2		NONE
RYDEX ETF TRUST				GUG S&P MC400 PG	78355W601	2095	23195	SH	2		NONE
RYDEX ETF TRUST				GUG S&P500 EQ WT	78355W106	579	11080	SH	2		NONE
RYDEX ETF TRUST				GUG S&P500EQWTM78355W825	1094	17131	SH	2		NONE
RYDEX ETF TRUST				GUG S&P500EQWTE	78355W866	330	5059	SH	2		NONE
RYDEX ETF TRUST				GUG S&P500EQWTU78355W791	995	18114	SH	2		NONE
SCHWAB STRATEGIC TR			US SML CAP ETF	808524607	314	8386	SH	2		NONE
SCHWAB STRATEGIC TR			US LCAP GR ETF	808524300	1830	53002	SH	2		NONE
SCHWAB STRATEGIC TR			US LRG CAP ETF	808524201	1067	31609	SH	2		NONE
SELECT SECTOR SPDR TR			SBI MAERIALS	81369Y100	1014	27059	SH	2		NONE
SELECT SECTOR SPDR TR			SBI CONS STPLS	81369Y308	743	21623	SH	2		NONE
SPDR S&P 500 ETF TR			TR UNIT		78462F103	23832	168020	SH	1 2		NONE
SPDR S&P MIDCAP 400 ETF TR		UTSER1 S&PDCRP	78467Y107	891	4902	SH	2		NONE
SPDR SERIES TRUST				CALL		78462F903	320190	2257400	CALL	2		NONE
SPDR SERIES TRUST				PUT		78462F953	1153698	8133800	PUT	2		NONE
SPDR SERIES TRUST				BRCLYS 1-3MT ETF	78464A680	1928	42082	SH	2		NONE
SPDR SERIES TRUST				DJ LRG CAP ETF	78464A854	3007	45076	SH	2		NONE
SPDR SERIES TRUST				S&P CAP MKTS	78464A771	939	27365	SH	2		NONE
SPDR SERIES TRUST				S&P INS ETF	78464A789	984	23348	SH	2		NONE
SPDR SERIES TRUST				S&P REGL BKG	78464A698	674	23526	SH	2		NONE
SPDR SERIES TRUST				BARC CAPTL ETF	78464A474	255	8338	SH	2		NONE
SPDR SERIES TRUST				S&P 600 SMCP VAL	78464A300	816	10708	SH	2		NONE
SPDR SERIES TRUST				S&P 500 GROWTH	78464A409	3771	57313	SH	2		NONE
SPDR SERIES TRUST				DJ TTL MKT ETF	78464A805	3218	30386	SH	2		NONE
SPDR SERIES TRUST				S&P BIOTECH	78464A870	3553	43713	SH	2		NONE
SPDR SERIES TRUST				S&P METALS MNG	78464A755	720	14242	SH	2		NONE
SPDR SERIES TRUST				S&P PHARMAC	78464A722	809	14090	SH	2		NONE
SPDR SERIES TRUST				S&P SEMICNDCTR	78464A862	958	18304	SH	2		NONE
SPDR SERIES TRUST				S&P TELECOM	78464A540	1353	28885	SH	2		NONE
VANGUARD ADMIRAL FDS INC		MIDCP 400 VAL	921932844	547	8531	SH	2		NONE
VANGUARD BD INDEX FD INC			SHORT TRM BOND	921937827	4787	59179	SH	2		NONE
VANGUARD INDEX FDS			MCAP VL IDXVIP	922908512	654	11319	SH	2		NONE
VANGUARD INDEX FDS			MCAP GR IDXVIP	922908538	2747	39487	SH	2		NONE
VANGUARD INDEX FDS			VALUE ETF	922908744	344	5926	SH	2		NONE
VANGUARD INTL EQUITY INDEX F		ALLWRLD EX US	922042775	255	5700	SH	2		NONE
VANGUARD SCOTTSDALE FDS			LONG-TERM GOV	92206C847	1383	19589	SH	2		NONE
VANGUARD SCOTTSDALE FDS			SHTRM GVT BD ETF	92206C102	498	8179	SH	2		NONE
VANGUARD SPECIALIZED PORTFOL		DIV APP ETF	921908844	1702	28877	SH	2		NONE
VANGUARD WORLD FD			MEGA GRWTH IND	921910816	822	14745	SH	2		NONE
VANGUARD WORLD FDS			MATERIALS ETF	92204A801	332	3993	SH	2		NONE
VANGUARD WORLD FDS			INF TECH ETF	92204A702	5705	76134	SH	2		NONE
VANGUARD WORLD FDS			HEALTH CAR ETF	92204A504	1128	16642	SH	2		NONE
VANGUARD WORLD FDS			INDUSTRIAL ETF	92204A603	797	11391	SH	2		NONE
VANGUARD WORLD FDS			UTILITIES ETF	92204A876	3471	46159	SH	2		NONE
VRINGO INC				COM		92911N104	124	40000	SH	2		NONE
WISDOMTREE TRUST			LARGECAP DIVID	97717W307	7002	131405	SH	2		NONE
CBOE HOLDINGS INC			COM		12503M108	639	22471	SH	1 2		NONE
INTERCONTINENTAL EXCHANGE INC		COM		45865V100	381	3162	SH	1		NONE
CME GROUP INC				COM		12572Q105	2924	12001	SH	1 2		NONE