Tradeweb Markets Inc.
TW- Exchange
- Nasdaq
- Industry
- Security & Commodity Brokers, Dealers, Exchanges & Services
- SEC CIK
- 0001758730
In the last 90 days, Tradeweb Markets Inc. insiders filed 0 open-market purchases and 1 sale; 565 institutions reported holding it in 13F filings for Q2 2026, worth $11.6B in total; Viking Global Investors is the only superinvestor holding it.
13F holders, Q1 2025
Institutional positions in Tradeweb Markets Inc. as of Mar 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 550
- +25 vs. Q4 2024
- Shares held
- 116.6M
- +3.10M (+2.7%) vs. Q4 2024
- Total value
- $17.3B
- +$2.43B (+16.3%) vs. Q4 2024
- New holders
- 87
- 201 more added
- Sold out
- 62
- 199 more reduced
8 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 2024: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting TW on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 565 | $11.6B |
| Q1 2026 | 585 | $13.7B |
| Q4 2025 | 553 | $12.5B |
| Q3 2025 | 545 | $12.7B |
| Q2 2025 | 572 | $17.1B |
| Q1 2025 | 550 | $17.3B |
| Q4 2024 | 533 | $14.9B |
| Q3 2024 | 451 | $14.3B |
| Q2 2024 | 438 | $12.3B |
| Q1 2024 | 442 | $11.9B |
| Q4 2023 | 411 | $10.4B |
| Q3 2023 | 365 | $9.11B |
| Q2 2023 | 344 | $7.82B |
| Q1 2023 | 355 | $8.83B |
| Q4 2022 | 341 | $7.15B |
| Q3 2022 | 333 | $6.02B |
| Q2 2022 | 334 | $7.37B |
| Q1 2022 | 321 | $9.32B |
| Q4 2021 | 320 | $10.6B |
| Q3 2021 | 296 | $8.34B |
| Q2 2021 | 277 | $8.80B |
| Q1 2021 | 279 | $7.70B |
Institutions, Q1 2025
Shares, value and share of portfolio for each institution holding Tradeweb Markets Inc.; share changes are against Q4 2024.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Lazard Asset Management LLC | 13,275 | $1.97M | 0.00% | +3,460+35.3% | Added |
| Illinois Municipal Retirement Fund | 13,425 | $1.99M | 0.03% | 00.0% | Unchanged |
| Connor, Clark & Lunn Investment Management Ltd. | 13,489 | $2.00M | 0.01% | −31,379−69.9% | Reduced |
| Wolverine Trading, LLC | 13,824 | $2.03M | 0.06% | +9,114+193.5% | Added |
| HWG Holdings LP | 13,677 | $2.03M | 0.91% | −11,562−45.8% | Reduced |
| Pathstone Holdings, LLC | 13,818 | $2.05M | 0.01% | +496+3.7% | Added |
| Goodman Advisory Group, LLC | 13,894 | $2.06M | 0.63% | −2,579−15.7% | Reduced |
| Engineers Gate Manager LP | 14,083 | $2.09M | 0.04% | −243−1.7% | Reduced |
| AIA Group Ltd | 14,200 | $2.11M | 0.05% | +14,200 | New |
| Nissay Asset Management Corp | 14,422 | $2.14M | 0.01% | +158+1.1% | Added |
| Candriam Luxembourg S.C.A. | 14,666 | $2.18M | 0.01% | −1,735−10.6% | Reduced |
| Squarepoint Ops LLC | 14,812 | $2.20M | 0.01% | −30,711−67.5% | Reduced |
| Janus Henderson Group PLC | 15,046 | $2.21M | 0.00% | +2,175+16.9% | Added |
| Linden Thomas Advisory Services, LLC | 14,881 | $2.21M | 0.29% | +273+1.9% | Added |
| Roberts Wealth Advisors, LLC | 14,892 | $2.21M | 0.68% | +14,892 | New |
| UBS Oconnor LLC | 15,000 | $2.23M | 0.05% | +15,000 | New |
| Bank of Montreal | 15,034 | $2.23M | 0.00% | −1,030−6.4% | Reduced |
| Meiji Yasuda Life Insurance Co | 15,281 | $2.27M | 0.05% | −670−4.2% | Reduced |
| AXA S.A. | 15,475 | $2.30M | 0.01% | −6,089−28.2% | Reduced |
| US Bancorp | 15,908 | $2.36M | 0.00% | −1,790−10.1% | Reduced |
| Xponance, Inc. | 16,013 | $2.38M | 0.02% | −32−0.2% | Reduced |
| Stifel Financial Corp | 16,027 | $2.38M | 0.00% | +272+1.7% | Added |
| Susquehanna Fundamental Investments, LLC | 16,491 | $2.45M | 0.04% | −57,239−77.6% | Reduced |
| Cumberland Partners Ltd | 16,500 | $2.45M | 0.19% | −3,500−17.5% | Reduced |
| Eventide Asset Management, LLC | 16,619 | $2.46M | 0.05% | +2,733+19.7% | Added |
| Police & Firemen's Retirement System of New Jersey | 16,950 | $2.52M | 0.03% | 00.0% | Unchanged |
| Illumine Investment Management, LLC | 16,992 | $2.52M | 2.07% | +157+0.9% | Added |
| Nutshell Asset Management Ltd | 17,000 | $2.52M | 1.32% | +17,000 | New |
| Tredje AP-fonden | 17,136 | $2.54M | 0.02% | 00.0% | Unchanged |
| Vontobel Holding Ltd. | 17,517 | $2.60M | 0.01% | +1,512+9.4% | Added |
| DekaBank Deutsche Girozentrale | 18,201 | $2.62M | 0.01% | −25−0.1% | Reduced |
| EFG Asset Management (Americas) Corp. | 17,665 | $2.62M | 0.53% | −4,347−19.7% | Reduced |
| Sheaff Brock Investment Advisors, LLC | 18,087 | $2.69M | 0.25% | −243−1.3% | Reduced |
| Torray LLC | 18,555 | $2.75M | 0.41% | −77−0.4% | Reduced |
| Element Capital Management LLC | 18,760 | $2.79M | 0.69% | +18,760 | New |
| George Kaiser Family Foundation | 18,791 | $2.79M | 0.41% | +18,791 | New |
| Ethic Inc. | 19,146 | $2.83M | 0.06% | +1,627+9.3% | Added |
| DnB Asset Management AS | 20,078 | $2.98M | 0.01% | −447−2.2% | Reduced |
| Toronto Dominion Bank | 20,194 | $3.00M | 0.01% | +1,888+10.3% | Added |
| SG Americas Securities, LLC | 20,381 | $3.03M | 0.01% | +15,755+340.6% | Added |
| Mn Services Vermogensbeheer B.V. | 20,400 | $3.03M | 0.02% | −4,200−17.1% | Reduced |
| XTX Topco Ltd | 20,457 | $3.04M | 0.16% | +17,892+697.5% | Added |
| Taylor Frigon Capital Management LLC | 20,837 | $3.09M | 1.84% | −497−2.3% | Reduced |
| Forsta Ap-Fonden | 20,900 | $3.10M | 0.02% | −9,100−30.3% | Reduced |
| PDT Partners, LLC | 21,010 | $3.12M | 0.22% | +18,510+740.4% | Added |
| IFM Investors Pty Ltd | 21,749 | $3.23M | 0.03% | −969−4.3% | Reduced |
| EFG Asset Management (North America) Corp. | 21,795 | $3.24M | 0.54% | −3,178−12.7% | Reduced |
| Knollwood Investment Advisory, LLC | 21,860 | $3.25M | 0.36% | 00.0% | Unchanged |
| Citadel Advisors LLC | 21,955 | $3.26M | 0.00% | −231,153−91.3% | Reduced |
| Aperture Investors, LLC | 22,152 | $3.29M | 0.50% | −5,610−20.2% | Reduced |
| Mirae Asset Global Investments Co., Ltd. | 22,461 | $3.30M | 0.01% | −8,417−27.3% | Reduced |
| British Columbia Investment Management Corp | 22,226 | $3.30M | 0.02% | −41−0.2% | Reduced |
| Intech Investment Management LLC | 22,535 | $3.35M | 0.03% | −937−4.0% | Reduced |
| Synovus Financial Corp | 23,140 | $3.44M | 0.04% | −1,946−7.8% | Reduced |
| D L Carlson Investment Group Inc | 23,607 | $3.50M | 0.67% | −143−0.6% | Reduced |
| Skandinaviska Enskilda Banken AB (publ) | 23,787 | $3.53M | 0.02% | 00.0% | Unchanged |
| Capital Group Private Client Services, Inc. | 24,447 | $3.63M | 0.04% | −328−1.3% | Reduced |
| Sumitomo Life Insurance Co | 24,847 | $3.69M | 0.13% | −112−0.4% | Reduced |
| Federated Hermes, Inc. | 24,864 | $3.69M | 0.01% | +1,790+7.8% | Added |
| Munro Partners | 24,915 | $3.70M | 0.18% | +14,110+130.6% | Added |
| Oribel Capital Management, LP | 25,300 | $3.76M | 0.47% | +25,300 | New |
| Richard Bernstein Advisors LLC | 25,493 | $3.78M | 0.09% | −1,502−5.6% | Reduced |
| Rational Advisors LLC | 26,200 | $3.89M | 0.39% | +26,200 | New |
| Jane Street Group, LLC | 26,493 | $3.93M | 0.01% | −13,529−33.8% | Reduced |
| Fred Alger Management, LLC | 27,602 | $4.10M | 0.02% | +27,602 | New |
| HSBC Holdings PLC | 28,909 | $4.29M | 0.00% | −5,386−15.7% | Reduced |
| Vident Advisory, LLC | 28,895 | $4.29M | 0.06% | +24,979+637.9% | Added |
| Hennion & Walsh Asset Management, Inc. | 29,603 | $4.39M | 0.20% | −1,644−5.3% | Reduced |
| Clear Harbor Asset Management, LLC | 31,249 | $4.64M | 0.37% | −219−0.7% | Reduced |
| Gunderson Capital Management Inc. | 31,267 | $4.64M | 2.99% | +31,267 | New |
| Ostrum Asset Management | 31,462 | $4.67M | 0.25% | +6,890+28.0% | Added |
| Fjarde Ap-Fonden /Fourth Swedish National Pension Fund | 31,694 | $4.71M | 0.06% | −3,000−8.6% | Reduced |
| Grandeur Peak Global Advisors, LLC | 31,714 | $4.71M | 0.52% | −7,780−19.7% | Reduced |
| Thornburg Investment Management Inc | 32,229 | $4.78M | 0.07% | −2,766−7.9% | Reduced |
| Pier 88 Investment Partners LLC | 32,615 | $4.84M | 0.93% | +22,760+230.9% | Added |
| Arizona State Retirement System | 33,571 | $4.98M | 0.03% | −171−0.5% | Reduced |
| OP Asset Management Ltd | 34,004 | $5.05M | 0.09% | +34,004 | New |
| Resona Asset Management Co.,Ltd. | 34,212 | $5.07M | 0.03% | +1,709+5.3% | Added |
| Investment Management Corp of Ontario | 36,218 | $5.38M | 0.11% | +36,218 | New |
| Atika Capital Management LLC | 37,256 | $5.53M | 0.85% | −11,652−23.8% | Reduced |
| Alamar Capital Management, LLC | 37,306 | $5.54M | 3.29% | +11,612+45.2% | Added |
| Danske Bank A/S | 37,641 | $5.59M | 0.02% | −900−2.3% | Reduced |
| Lansforsakringar Fondforvaltning AB (publ) | 37,665 | $5.59M | 0.03% | +402+1.1% | Added |
| State of New Jersey Common Pension Fund D | 39,053 | $5.80M | 0.03% | −3,194−7.6% | Reduced |
| LPL Financial LLC | 39,428 | $5.85M | 0.00% | +11,799+42.7% | Added |
| Great West Life Assurance Co | 39,533 | $5.88M | 0.01% | −445−1.1% | Reduced |
| Wealthfront Advisers LLC | 39,621 | $5.88M | 0.02% | −1,081−2.7% | Reduced |
| Taikang Asset Management (Hong Kong) Co Ltd | 40,028 | $5.94M | 0.81% | +13,114+48.7% | Added |
| Northwestern Mutual Wealth Management Co | 40,476 | $6.01M | 0.00% | +3,951+10.8% | Added |
| Pinebridge Investments, L.P. | 40,645 | $6.03M | 0.05% | −21,182−34.3% | Reduced |
| Lakehouse Capital Pty Ltd | 40,880 | $6.07M | 4.03% | 00.0% | Unchanged |
| KLP Kapitalforvaltning AS | 42,400 | $6.29M | 0.03% | −500−1.2% | Reduced |
| BNP Paribas Arbitrage, SA | 42,820 | $6.36M | 0.00% | +2,799+7.0% | Added |
| Advisors Capital Management, LLC | 43,103 | $6.40M | 0.10% | +261+0.6% | Added |
| Worldquant Millennium Advisors LLC | 43,623 | $6.48M | 0.04% | +38,786+801.9% | Added |
| BI Asset Management Fondsmaeglerselskab A/S | 43,944 | $6.52M | 0.07% | +39,753+948.5% | Added |
| GDS Wealth Management | 43,970 | $6.53M | 0.56% | +16,069+57.6% | Added |
| Montanaro Asset Management Ltd | 47,000 | $6.98M | 2.05% | +4,000+9.3% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 47,394 | $7.04M | 0.02% | −2,627−5.3% | Reduced |
| Alliancebernstein L.P. | 47,460 | $7.05M | 0.00% | +1,784+3.9% | Added |