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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
Swiss Life Asset Management Ltd37,484$5.49M0.03%+27,561+277.7%Added
Aperture Investors, LLC37,742$5.53M0.74%+15,590+70.4%Added
Resona Asset Management Co.,Ltd.37,914$5.54M0.03%+3,702+10.8%Added
Clearbridge Investments, LLC38,787$5.68M0.00%−478,551−92.5%Reduced
State of New Jersey Common Pension Fund D39,053$5.72M0.02%00.0%Unchanged
Wealthfront Advisers LLC39,378$5.76M0.01%−243−0.6%Reduced
Taikang Asset Management (Hong Kong) Co Ltd40,028$5.86M0.75%00.0%Unchanged
Lakehouse Capital Pty Ltd40,880$5.99M3.65%00.0%Unchanged
Natixis Advisors, L.P.42,085$6.16M0.01%−9,024−17.7%Reduced
Great West Life Assurance Co42,387$6.22M0.01%+2,854+7.2%Added
KLP Kapitalforvaltning AS42,600$6.24M0.03%+200+0.5%Added
Advisors Capital Management, LLC42,624$6.24M0.09%−479−1.1%Reduced
Intech Investment Management LLC43,619$6.39M0.06%+21,084+93.6%Added
Brevan Howard Capital Management LP44,121$6.46M0.07%+44,121New
LPL Financial LLC44,210$6.47M0.00%+4,782+12.1%Added
Two Sigma Advisers, LP47,300$6.92M0.01%−93,000−66.3%Reduced
Principal Financial Group Inc49,357$7.23M0.00%−54,579−52.5%Reduced
Ceera Investments, LLC49,930$7.31M2.24%−495−1.0%Reduced
Atika Capital Management LLC50,000$7.32M0.76%+12,744+34.2%Added
Alliancebernstein L.P.50,086$7.33M0.00%+2,626+5.5%Added
Meiji Yasuda Asset Management Co Ltd.50,116$7.34M0.36%−3,426−6.4%Reduced
Mitsubishi UFJ Trust & Banking Corp50,411$7.38M0.02%−4,069−7.5%Reduced
Commerce Bank51,207$7.50M0.04%+78+0.2%Added
Pictet Asset Management Holding SA51,670$7.56M0.01%−100−0.2%Reduced
Alps Advisors Inc52,197$7.64M0.04%−372−0.7%Reduced
Montanaro Asset Management Ltd52,500$7.69M1.98%+5,500+11.7%Added
Danske Bank A/S52,744$7.72M0.02%+15,103+40.1%Added
Treasurer of the State of North Carolina54,460$7.97M0.03%+1,347+2.5%Added
Munro Partners55,235$8.09M0.25%+30,320+121.7%Added
BNP Paribas Arbitrage, SA55,658$8.15M0.01%+12,838+30.0%Added
APG Asset Management N.V.65,600$8.18M0.02%+2,300+3.6%Added
Aviva PLC56,646$8.29M0.02%+52,148+1,159.4%Added
2Xideas AG57,878$8.47M1.46%+3,445+6.3%Added
GDS Wealth Management59,573$8.72M0.64%+15,603+35.5%Added
Millennium Management LLC59,627$8.73M0.01%−82,807−58.1%Reduced
Wells Fargo & Company59,951$8.78M0.00%−37,080−38.2%Reduced
Janney Montgomery Scott LLC61,243$8.97M0.02%−1,142−1.8%Reduced
Bank Julius Baer & Co. Ltd, Zurich62,026$9.08M0.03%−4,214−6.4%Reduced
Twin Tree Management, LP62,274$9.12M0.23%−80,403−56.4%Reduced
Sequoia Financial Advisors, LLC62,292$9.12M0.06%+3,131+5.3%Added
Brown Advisory Inc64,693$9.47M0.01%−11,643−15.3%Reduced
SeaTown Holdings Pte. Ltd.65,800$9.63M5.67%+65,800New
Moran Wealth Management, LLC67,505$9.88M0.31%−249−0.4%Reduced
State of Wisconsin Investment Board67,626$9.90M0.02%+2,066+3.2%Added
Ensign Peak Advisors, Inc67,793$9.92M0.02%+1,727+2.6%Added
Lord, Abbett & Co. LLC71,202$10.4M0.03%−14,385−16.8%Reduced
Man Group plc71,498$10.5M0.02%−3,930−5.2%Reduced
Sone Capital Management, LLC72,201$10.6M0.98%+72,201New
Public Employees Retirement System of Ohio80,830$11.8M0.04%+2,518+3.2%Added
Korea Investment CORP84,026$12.3M0.03%−8,336−9.0%Reduced
Envestnet Asset Management Inc86,374$12.6M0.00%+4,063+4.9%Added
Cookson Peirce & Co Inc86,908$12.7M0.56%−1,876−2.1%Reduced
Macquarie Group Ltd88,104$12.9M0.02%−7,086−7.4%Reduced
Norinchukin Bank, The89,082$13.0M0.19%+89,082New
Asset Management One Co.,Ltd.93,388$13.7M0.04%−33,513−26.4%Reduced
Citigroup Inc93,853$13.7M0.01%+278+0.3%Added
Susquehanna International Group, LLP95,408$14.0M0.02%−68,805−41.9%Reduced
Raymond James Financial Inc95,797$14.0M0.00%−1,162−1.2%Reduced
VGI Partners Ltd96,948$14.2M1.20%−67,816−41.2%Reduced
Assetmark, Inc100,366$14.7M0.03%−65−0.1%Reduced
State Board of Administration of Florida Retirement System102,070$14.9M0.03%+570+0.6%Added
Jupiter Asset Management Ltd104,839$15.3M0.13%+29,629+39.4%Added
Square Wave Capital, LLC106,870$15.6M15.01%+596+0.6%Added
KBC Group NV111,335$16.3M0.04%−51,054−31.4%Reduced
Sumitomo Mitsui DS Asset Management Company, Ltd111,757$16.4M0.15%−1,125−1.0%Reduced
Universal- Beteiligungs- und Servicegesellschaft mbH113,415$16.6M0.03%−13,812−10.9%Reduced
Barclays PLC113,724$16.6M0.01%+29,911+35.7%Added
Russell Investments Group, Ltd.118,844$17.4M0.02%−966−0.8%Reduced
New York State Common Retirement Fund119,499$17.5M0.02%−18,907−13.7%Reduced
Two Sigma Investments, LP121,057$17.7M0.03%−777−0.6%Reduced
Vinva Investment Management Ltd125,088$18.1M0.49%+22,081+21.4%Added
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.123,979$18.2M0.01%00.0%Unchanged
Schroder Investment Management Group127,346$18.6M0.02%+4,973+4.1%Added
Agf Management Ltd129,576$19.0M0.09%+38,885+42.9%Added
Andra AP-fonden132,600$19.4M0.27%+56,900+75.2%Added
Driehaus Capital Management LLC132,644$19.4M0.16%−52,620−28.4%Reduced
Gotham Asset Management, LLC133,717$19.6M0.12%+31,932+31.4%Added
Comerica Bank134,071$19.6M0.08%−42,132−23.9%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)134,226$19.7M0.05%+86,832+183.2%Added
Rhumbline Advisers134,622$19.7M0.02%−12,052−8.2%Reduced
Oddo BHF Asset Management SAS135,663$19.9M0.75%−34,758−20.4%Reduced
Blair William & Co136,537$20.0M0.06%+10,286+8.1%Added
Wilson Asset Management (International) Pty Ltd143,579$21.0M5.17%+10,544+7.9%Added
Robeco Institutional Asset Management B.V.150,491$22.0M0.04%−3,313−2.2%Reduced
Allianz Asset Management GmbH157,424$23.0M0.03%−10,113−6.0%Reduced
Goldman Sachs Group Inc158,130$23.2M0.00%+28,397+21.9%Added
Ameriprise Financial Inc163,531$23.9M0.01%+65,148+66.2%Added
Amundi172,470$23.9M0.01%−434,159−71.6%Reduced
Carnegie Capital Asset Management, LLC164,033$24.0M0.48%+10,940+7.1%Added
Canada Pension Plan Investment Board164,506$24.1M0.02%+31,059+23.3%Added
Arrowstreet Capital, Limited Partnership170,084$24.9M0.02%−180,570−51.5%Reduced
Fisher Funds Management LTD175,357$25.7M0.61%+175,357New
Public Employees Retirement Association of Colorado175,384$25.7M0.10%00.0%Unchanged
California State Teachers Retirement System188,339$27.6M0.03%+9,045+5.0%Added
Deutsche Bank AG198,266$29.0M0.01%−8,600−4.2%Reduced
D. E. Shaw & Co., Inc.207,887$30.4M0.03%−252,455−54.8%Reduced
Renaissance Group LLC217,451$31.8M1.24%−48,276−18.2%Reduced
Kensico Capital Management Corp220,100$32.2M0.62%−8,400−3.7%Reduced
Manufacturers Life Insurance Company, The222,825$32.6M0.03%+21,720+10.8%Added
Citadel Advisors LLC230,797$33.8M0.03%+208,842+951.2%Added