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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, Q2 2025

Institutional positions in Tradeweb Markets Inc. as of Jun 30, 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
572
+28 vs. Q1 2025
Shares held
117.0M
+693.1K (+0.6%) vs. Q1 2025
Total value
$17.1B
−$143.1M (−0.8%) vs. Q1 2025
New holders
83
203 more added
Sold out
55
218 more reduced

6 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: 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.

Institutional holdersQ2 2025: 572 institutions
Q1 2021: 279 institutionsQ2 2021: 277 institutionsQ3 2021: 296 institutionsQ4 2021: 320 institutionsQ1 2022: 321 institutionsQ2 2022: 334 institutionsQ3 2022: 333 institutionsQ4 2022: 341 institutionsQ1 2023: 355 institutionsQ2 2023: 344 institutionsQ3 2023: 365 institutionsQ4 2023: 411 institutionsQ1 2024: 442 institutionsQ2 2024: 438 institutionsQ3 2024: 451 institutionsQ4 2024: 533 institutionsQ1 2025: 550 institutionsQ2 2025: 572 institutionsQ3 2025: 545 institutionsQ4 2025: 553 institutionsQ1 2026: 585 institutionsQ2 2026: 565 institutions
Value heldQ2 2025: $17.1B
Q1 2021: $7.70BQ2 2021: $8.80BQ3 2021: $8.34BQ4 2021: $10.6BQ1 2022: $9.32BQ2 2022: $7.37BQ3 2022: $6.02BQ4 2022: $7.15BQ1 2023: $8.83BQ2 2023: $7.82BQ3 2023: $9.11BQ4 2023: $10.4BQ1 2024: $11.9BQ2 2024: $12.3BQ3 2024: $14.3BQ4 2024: $14.9BQ1 2025: $17.3BQ2 2025: $17.1BQ3 2025: $12.7BQ4 2025: $12.5BQ1 2026: $13.7BQ2 2026: $11.6B
Institutions holding TW and their total value by quarter
QuarterHoldersValue
Q2 2026565$11.6B
Q1 2026585$13.7B
Q4 2025553$12.5B
Q3 2025545$12.7B
Q2 2025572$17.1B
Q1 2025550$17.3B
Q4 2024533$14.9B
Q3 2024451$14.3B
Q2 2024438$12.3B
Q1 2024442$11.9B
Q4 2023411$10.4B
Q3 2023365$9.11B
Q2 2023344$7.82B
Q1 2023355$8.83B
Q4 2022341$7.15B
Q3 2022333$6.02B
Q2 2022334$7.37B
Q1 2022321$9.32B
Q4 2021320$10.6B
Q3 2021296$8.34B
Q2 2021277$8.80B
Q1 2021279$7.70B

Institutions, Q2 2025

Shares, value and share of portfolio for each institution holding Tradeweb Markets Inc.; share changes are against Q1 2025.

Institutions holding TW in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Vanguard Group Inc11,858,095$1.74B0.03%+90,577+0.8%Added
Price T Rowe Associates Inc8,531,608$1.25B0.14%+1,650,254+24.0%Added
BlackRock, Inc.8,410,668$1.23B0.02%−268,678−3.1%Reduced
Wellington Management Group LLP6,863,618$1.00B0.18%−2,516,503−26.8%Reduced
Franklin Resources Inc3,842,526$562.5M0.15%−41,191−1.1%Reduced
Capital World Investors2,698,340$395.0M0.06%+399,737+17.4%Added
State Street Corp2,623,826$384.1M0.01%+61,611+2.4%Added
JPMorgan Chase & Co2,598,097$380.4M0.03%−628,912−19.5%Reduced
T. Rowe Price Investment Management, Inc.2,468,694$361.4M0.23%−1,470−0.1%Reduced
TD Asset Management Inc2,277,940$333.5M0.28%+1,541,770+209.4%Added
Geode Capital Management, LLC2,070,924$302.2M0.02%+3,531+0.2%Added
Morgan Stanley2,004,665$293.5M0.02%+73,329+3.8%Added
Axiom Investors LLC1,893,905$277.3M2.27%−48,670−2.5%Reduced
Harding Loevner LP1,782,816$261.0M1.76%+531,715+42.5%Added
American Century Companies Inc1,774,612$259.8M0.14%+8,714+0.5%Added
Renaissance Technologies LLC1,748,220$255.9M0.34%−59,600−3.3%Reduced
Invesco Ltd.1,629,894$238.6M0.04%+234,438+16.8%Added
Bessemer Group Inc1,623,584$237.7M0.39%−140,194−7.9%Reduced
Primecap Management Co1,503,312$220.1M0.17%−23,578−1.5%Reduced
Allspring Global Investments Holdings, LLC1,578,624$217.6M0.36%−333,231−17.4%Reduced
Grantham, Mayo, Van Otterloo & Co. LLC1,483,629$217.2M0.66%+1,483,629New
Nordea Investment Management AB1,477,454$212.1M0.20%+376,165+34.2%Added
FMR LLC1,431,312$209.5M0.01%−223,265−13.5%Reduced
Norges Bank1,392,461$203.9M0.03%−184,758−11.7%Reduced
Massachusetts Financial Services Co1,301,903$190.6M0.06%+147,314+12.8%Added
Voya Investment Management LLC1,284,556$187.3M0.19%−185,607−12.6%Reduced
Ninety One UK Ltd1,229,500$180.0M0.42%+1,061,228+630.7%Added
Artisan Partners Limited Partnership1,188,792$174.0M0.26%−643,147−35.1%Reduced
Handelsbanken Fonder AB1,139,500$166.8M0.59%−94,900−7.7%Reduced
Cantillon Capital Management LLC1,129,909$165.4M0.96%−33,291−2.9%Reduced
CCLA Investment Management Ltd1,112,095$162.8M2.67%+68,716+6.6%Added
Thrivent Financial for Lutherans997,346$146.0M0.32%−95,023−8.7%Reduced
Fiera Capital Corp988,550$144.7M0.49%−20,110−2.0%Reduced
Bank of America Corp966,779$141.5M0.01%+169,256+21.2%Added
Charles Schwab Investment Management Inc887,032$129.9M0.02%+12,184+1.4%Added
Champlain Investment Partners, LLC789,505$115.6M0.81%−34,155−4.1%Reduced
Neuberger Berman Group LLC748,806$109.6M0.08%−220,710−22.8%Reduced
UBS Asset Management Americas Inc737,366$108.0M0.02%+112,791+18.1%Added
Nomura Asset Management Co Ltd709,941$103.9M0.29%−66,911−8.6%Reduced
UBS Group AG699,430$102.4M0.02%−87,302−11.1%Reduced
Northern Trust Corp681,726$99.8M0.01%−14,596−2.1%Reduced
Stephens Investment Management Group LLC677,408$99.2M1.31%−44,515−6.2%Reduced
Victory Capital Management Inc629,203$92.1M0.06%+226,325+56.2%Added
STRS Ohio617,321$90.4M0.34%+25,821+4.4%Added
Carmignac Gestion572,900$83.9M1.29%+241,900+73.1%Added
Capital International Investors560,028$82.0M0.01%+4,264+0.8%Added
Bank of New York Mellon Corp526,433$77.1M0.01%−28,433−5.1%Reduced
Ownership Capital B.V.518,911$76.0M4.42%−164,740−24.1%Reduced
AustralianSuper Pty Ltd490,758$71.8M0.36%−67,765−12.1%Reduced
Mawer Investment Management Ltd.478,149$70.0M0.35%−54,103−10.2%Reduced
Westfield Capital Management Co LP447,615$65.5M0.27%−182,417−29.0%Reduced
California Public Employees Retirement System433,784$63.5M0.04%−88,038−16.9%Reduced
Vaughan Nelson Investment Management, L.P.422,871$61.9M0.58%−104,504−19.8%Reduced
Colony Group, LLC411,581$60.3M0.13%−57,005−12.2%Reduced
CIBC Private Wealth Group, LLC395,919$58.0M0.10%−95,773−19.5%Reduced
Perpetual Ltd394,969$57.8M0.68%+394,969New
Bamco Inc393,877$57.7M0.16%+2,641+0.7%Added
Caisse de Depot Et Placement du Quebec365,923$53.6M0.11%−98,711−21.2%Reduced
Dimensional Fund Advisors LP362,099$53.0M0.01%+12,767+3.7%Added
AQR Capital Management LLC356,055$52.1M0.04%+260,268+271.7%Added
Teacher Retirement System of Texas344,973$50.5M0.21%−90,117−20.7%Reduced
Los Angeles Capital Management LLC337,895$49.5M0.19%+42,919+14.5%Added
Qube Research & Technologies Ltd328,484$48.1M0.07%−86,769−20.9%Reduced
FIL Ltd305,802$44.8M0.04%−28,351−8.5%Reduced
First Trust Advisors LP301,475$44.1M0.04%+12,821+4.4%Added
Legal & General Group Plc298,090$43.6M0.01%−6,838−2.2%Reduced
SEI Investments Co293,013$42.9M0.05%−48,619−14.2%Reduced
American Capital Management Inc289,819$42.4M1.76%−24,305−7.7%Reduced
Nuveen, LLC259,398$38.0M0.01%−51,554−16.6%Reduced
Royal Bank of Canada239,676$35.1M0.01%+118,269+97.4%Added
Sumitomo Mitsui Trust Holdings, Inc.236,661$34.6M0.02%+4,498+1.9%Added
Praesidium Investment Management Company, LLC234,042$34.3M6.04%+30,000+14.7%Added
Citadel Advisors LLC230,797$33.8M0.03%+208,842+951.2%Added
Manufacturers Life Insurance Company, The222,825$32.6M0.03%+21,720+10.8%Added
Kensico Capital Management Corp220,100$32.2M0.62%−8,400−3.7%Reduced
Renaissance Group LLC217,451$31.8M1.24%−48,276−18.2%Reduced
D. E. Shaw & Co., Inc.207,887$30.4M0.03%−252,455−54.8%Reduced
Deutsche Bank AG198,266$29.0M0.01%−8,600−4.2%Reduced
California State Teachers Retirement System188,339$27.6M0.03%+9,045+5.0%Added
Public Employees Retirement Association of Colorado175,384$25.7M0.10%00.0%Unchanged
Fisher Funds Management LTD175,357$25.7M0.61%+175,357New
Arrowstreet Capital, Limited Partnership170,084$24.9M0.02%−180,570−51.5%Reduced
Canada Pension Plan Investment Board164,506$24.1M0.02%+31,059+23.3%Added
Carnegie Capital Asset Management, LLC164,033$24.0M0.48%+10,940+7.1%Added
Amundi172,470$23.9M0.01%−434,159−71.6%Reduced
Ameriprise Financial Inc163,531$23.9M0.01%+65,148+66.2%Added
Goldman Sachs Group Inc158,130$23.2M0.00%+28,397+21.9%Added
Allianz Asset Management GmbH157,424$23.0M0.03%−10,113−6.0%Reduced
Robeco Institutional Asset Management B.V.150,491$22.0M0.04%−3,313−2.2%Reduced
Wilson Asset Management (International) Pty Ltd143,579$21.0M5.17%+10,544+7.9%Added
Blair William & Co136,537$20.0M0.06%+10,286+8.1%Added
Oddo BHF Asset Management SAS135,663$19.9M0.75%−34,758−20.4%Reduced
Rhumbline Advisers134,622$19.7M0.02%−12,052−8.2%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)134,226$19.7M0.05%+86,832+183.2%Added
Comerica Bank134,071$19.6M0.08%−42,132−23.9%Reduced
Gotham Asset Management, LLC133,717$19.6M0.12%+31,932+31.4%Added
Driehaus Capital Management LLC132,644$19.4M0.16%−52,620−28.4%Reduced
Andra AP-fonden132,600$19.4M0.27%+56,900+75.2%Added
Agf Management Ltd129,576$19.0M0.09%+38,885+42.9%Added
Schroder Investment Management Group127,346$18.6M0.02%+4,973+4.1%Added