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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
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.123,979$18.2M0.01%00.0%Unchanged
Vinva Investment Management Ltd125,088$18.1M0.49%+22,081+21.4%Added
Two Sigma Investments, LP121,057$17.7M0.03%−777−0.6%Reduced
New York State Common Retirement Fund119,499$17.5M0.02%−18,907−13.7%Reduced
Russell Investments Group, Ltd.118,844$17.4M0.02%−966−0.8%Reduced
Barclays PLC113,724$16.6M0.01%+29,911+35.7%Added
Universal- Beteiligungs- und Servicegesellschaft mbH113,415$16.6M0.03%−13,812−10.9%Reduced
Sumitomo Mitsui DS Asset Management Company, Ltd111,757$16.4M0.15%−1,125−1.0%Reduced
KBC Group NV111,335$16.3M0.04%−51,054−31.4%Reduced
Square Wave Capital, LLC106,870$15.6M15.01%+596+0.6%Added
Jupiter Asset Management Ltd104,839$15.3M0.13%+29,629+39.4%Added
State Board of Administration of Florida Retirement System102,070$14.9M0.03%+570+0.6%Added
Assetmark, Inc100,366$14.7M0.03%−65−0.1%Reduced
VGI Partners Ltd96,948$14.2M1.20%−67,816−41.2%Reduced
Raymond James Financial Inc95,797$14.0M0.00%−1,162−1.2%Reduced
Susquehanna International Group, LLP95,408$14.0M0.02%−68,805−41.9%Reduced
Citigroup Inc93,853$13.7M0.01%+278+0.3%Added
Asset Management One Co.,Ltd.93,388$13.7M0.04%−33,513−26.4%Reduced
Norinchukin Bank, The89,082$13.0M0.19%+89,082New
Macquarie Group Ltd88,104$12.9M0.02%−7,086−7.4%Reduced
Cookson Peirce & Co Inc86,908$12.7M0.56%−1,876−2.1%Reduced
Envestnet Asset Management Inc86,374$12.6M0.00%+4,063+4.9%Added
Korea Investment CORP84,026$12.3M0.03%−8,336−9.0%Reduced
Public Employees Retirement System of Ohio80,830$11.8M0.04%+2,518+3.2%Added
Sone Capital Management, LLC72,201$10.6M0.98%+72,201New
Man Group plc71,498$10.5M0.02%−3,930−5.2%Reduced
Lord, Abbett & Co. LLC71,202$10.4M0.03%−14,385−16.8%Reduced
Ensign Peak Advisors, Inc67,793$9.92M0.02%+1,727+2.6%Added
State of Wisconsin Investment Board67,626$9.90M0.02%+2,066+3.2%Added
Moran Wealth Management, LLC67,505$9.88M0.31%−249−0.4%Reduced
SeaTown Holdings Pte. Ltd.65,800$9.63M5.67%+65,800New
Brown Advisory Inc64,693$9.47M0.01%−11,643−15.3%Reduced
Sequoia Financial Advisors, LLC62,292$9.12M0.06%+3,131+5.3%Added
Twin Tree Management, LP62,274$9.12M0.23%−80,403−56.4%Reduced
Bank Julius Baer & Co. Ltd, Zurich62,026$9.08M0.03%−4,214−6.4%Reduced
Janney Montgomery Scott LLC61,243$8.97M0.02%−1,142−1.8%Reduced
Wells Fargo & Company59,951$8.78M0.00%−37,080−38.2%Reduced
Millennium Management LLC59,627$8.73M0.01%−82,807−58.1%Reduced
GDS Wealth Management59,573$8.72M0.64%+15,603+35.5%Added
2Xideas AG57,878$8.47M1.46%+3,445+6.3%Added
Aviva PLC56,646$8.29M0.02%+52,148+1,159.4%Added
APG Asset Management N.V.65,600$8.18M0.02%+2,300+3.6%Added
BNP Paribas Arbitrage, SA55,658$8.15M0.01%+12,838+30.0%Added
Munro Partners55,235$8.09M0.25%+30,320+121.7%Added
Treasurer of the State of North Carolina54,460$7.97M0.03%+1,347+2.5%Added
Danske Bank A/S52,744$7.72M0.02%+15,103+40.1%Added
Montanaro Asset Management Ltd52,500$7.69M1.98%+5,500+11.7%Added
Alps Advisors Inc52,197$7.64M0.04%−372−0.7%Reduced
Pictet Asset Management Holding SA51,670$7.56M0.01%−100−0.2%Reduced
Commerce Bank51,207$7.50M0.04%+78+0.2%Added
Mitsubishi UFJ Trust & Banking Corp50,411$7.38M0.02%−4,069−7.5%Reduced
Meiji Yasuda Asset Management Co Ltd.50,116$7.34M0.36%−3,426−6.4%Reduced
Alliancebernstein L.P.50,086$7.33M0.00%+2,626+5.5%Added
Atika Capital Management LLC50,000$7.32M0.76%+12,744+34.2%Added
Ceera Investments, LLC49,930$7.31M2.24%−495−1.0%Reduced
Principal Financial Group Inc49,357$7.23M0.00%−54,579−52.5%Reduced
Two Sigma Advisers, LP47,300$6.92M0.01%−93,000−66.3%Reduced
LPL Financial LLC44,210$6.47M0.00%+4,782+12.1%Added
Brevan Howard Capital Management LP44,121$6.46M0.07%+44,121New
Intech Investment Management LLC43,619$6.39M0.06%+21,084+93.6%Added
Advisors Capital Management, LLC42,624$6.24M0.09%−479−1.1%Reduced
KLP Kapitalforvaltning AS42,600$6.24M0.03%+200+0.5%Added
Great West Life Assurance Co42,387$6.22M0.01%+2,854+7.2%Added
Natixis Advisors, L.P.42,085$6.16M0.01%−9,024−17.7%Reduced
Lakehouse Capital Pty Ltd40,880$5.99M3.65%00.0%Unchanged
Taikang Asset Management (Hong Kong) Co Ltd40,028$5.86M0.75%00.0%Unchanged
Wealthfront Advisers LLC39,378$5.76M0.01%−243−0.6%Reduced
State of New Jersey Common Pension Fund D39,053$5.72M0.02%00.0%Unchanged
Clearbridge Investments, LLC38,787$5.68M0.00%−478,551−92.5%Reduced
Resona Asset Management Co.,Ltd.37,914$5.54M0.03%+3,702+10.8%Added
Aperture Investors, LLC37,742$5.53M0.74%+15,590+70.4%Added
Swiss Life Asset Management Ltd37,484$5.49M0.03%+27,561+277.7%Added
Fjarde Ap-Fonden /Fourth Swedish National Pension Fund37,294$5.46M0.05%+5,600+17.7%Added
Lansforsakringar Fondforvaltning AB (publ)36,752$5.38M0.03%−913−2.4%Reduced
Alamar Capital Management, LLC36,167$5.29M2.87%−1,139−3.1%Reduced
Investment Management Corp of Ontario35,718$5.23M0.08%−500−1.4%Reduced
OP Asset Management Ltd34,843$5.10M0.08%+839+2.5%Added
Pinebridge Investments, L.P.34,574$5.06M0.04%−6,071−14.9%Reduced
Arizona State Retirement System34,005$4.98M0.03%+434+1.3%Added
HSBC Holdings PLC33,934$4.94M0.00%+5,025+17.4%Added
Vident Advisory, LLC33,054$4.84M0.05%+4,159+14.4%Added
Grandeur Peak Global Advisors, LLC32,457$4.75M0.57%+743+2.3%Added
Gunderson Capital Management Inc.31,228$4.57M1.91%−39−0.1%Reduced
Clear Harbor Asset Management, LLC31,038$4.54M0.34%−211−0.7%Reduced
Thornburg Investment Management Inc29,447$4.31M0.06%−2,782−8.6%Reduced
La Banque Postale Asset Management SA29,129$4.26M0.06%+29,129New
Hennion & Walsh Asset Management, Inc.28,915$4.23M0.17%−688−2.3%Reduced
Skandinaviska Enskilda Banken AB (publ)27,687$4.05M0.02%+3,900+16.4%Added
Ninety One SA (PTY) Ltd26,811$3.92M0.64%+26,811New
Federated Hermes, Inc.26,521$3.88M0.01%+1,657+6.7%Added
D L Carlson Investment Group Inc26,507$3.88M0.71%+2,900+12.3%Added
Ostrum Asset Management25,583$3.75M0.18%−5,879−18.7%Reduced
Capital Group Private Client Services, Inc.24,445$3.58M0.03%−20.0%Reduced
Toronto Dominion Bank24,314$3.56M0.01%+4,120+20.4%Added
Sumitomo Life Insurance Co24,168$3.54M0.24%−679−2.7%Reduced
Ci Investments Inc.24,145$3.54M0.01%+22,523+1,388.6%Added
Umb Bank N A23,833$3.49M0.05%+23,831+1,191,550.0%Added
Cumberland Partners Ltd23,781$3.48M0.24%+7,281+44.1%Added
Assenagon Asset Management S.A.23,696$3.47M0.01%+23,696New
Nutshell Asset Management Ltd23,655$3.46M2.06%+6,655+39.1%Added