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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
Sowell Financial Services LLC7,182$1.05M0.04%+439+6.5%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.7,163$1.05M0.00%−1,152−13.9%Reduced
Sterling Capital Management LLC7,124$1.04M0.01%+3,066+75.6%Added
Guggenheim Capital LLC7,036$1.03M0.01%+1,075+18.0%Added
O'Shaughnessy Asset Management, LLC6,882$1.01M0.01%−401−5.5%Reduced
Wolverine Trading, LLC6,921$1.00M0.03%−6,903−49.9%Reduced
Williamson Legacy Group, LLC6,827$999.5K0.84%+6,827New
Freestone Grove Partners LP6,721$984.0K0.01%+6,721New
Dakota Wealth Management6,708$982.1K0.02%+373+5.9%Added
Royal London Asset Management Ltd6,566$961.3K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)6,548$958.6K0.03%+232+3.7%Added
AdvisorNet Financial, Inc6,533$956.4K0.06%−150−2.2%Reduced
Advisor Group Holdings, Inc.6,326$936.3K0.00%+5,671+865.8%Added
Toroso Investments, LLC6,379$933.9K0.01%−319−4.8%Reduced
Bryn Mawr Trust Co6,351$929.8K0.02%−405−6.0%Reduced
Plato Investment Management Ltd6,316$921.3K0.07%−1,208−16.1%Reduced
Fiduciary Trust Co6,221$910.8K0.01%−7−0.1%Reduced
Utah Retirement Systems6,163$902.3K0.01%−58−0.9%Reduced
Gulf International Bank (UK) Ltd6,043$884.0K0.03%00.0%Unchanged
Frank, Rimerman Advisors LLC5,881$861.0K0.06%−78−1.3%Reduced
Sigma Planning Corp5,806$850.0K0.03%+3,276+129.5%Added
AG2R la Mondiale Gestion D'Actifs5,778$845.9K0.04%00.0%Unchanged
Park Avenue Securities LLC5,740$840.0K0.01%+1,065+22.8%Added
Hamilton Capital Partners Inc.5,654$827.7K0.04%−908−13.8%Reduced
Inspire Advisors, LLC5,617$822.3K0.09%−747−11.7%Reduced
Maryland State Retirement & Pension System5,425$794.2K0.02%00.0%Unchanged
CWM, LLC5,421$794.0K0.00%+3,215+145.7%Added
XTX Topco Ltd5,412$792.3K0.03%−15,045−73.5%Reduced
BI Asset Management Fondsmaeglerselskab A/S5,412$792.0K0.01%−38,532−87.7%Reduced
Flputnam Investment Management Co5,373$786.6K0.01%−64−1.2%Reduced
Sava Infond d.o.o.5,350$783.2K0.12%00.0%Unchanged
Toth Financial Advisory Corp5,315$778.1K0.09%+2,300+76.3%Added
Horizon Kinetics Asset Management LLC5,283$773.4K0.01%+530+11.2%Added
Verition Fund Management LLC5,270$771.5K0.00%+554+11.7%Added
Lido Advisors, LLC5,183$758.8K0.00%−61−1.2%Reduced
Bangor Savings Bank5,083$744.2K0.07%−644−11.2%Reduced
Wealth Enhancement Advisory Services, LLC5,336$741.6K0.00%+2,594+94.6%Added
Summit Global Investments5,004$733.0K0.04%+5,004New
Integrated Wealth Concepts LLC4,945$723.9K0.01%+939+23.4%Added
Hudson Bay Capital Management LP4,880$714.4K0.00%+4,880New
Federation des caisses Desjardins du Quebec4,872$713.6K0.00%−73−1.5%Reduced
CIBC World Markets Corp4,849$709.9K0.00%−440−8.3%Reduced
ASR Vermogensbeheer N.V.4,848$709.7K0.01%−19−0.4%Reduced
Nebula Research & Development LLC4,820$705.6K0.06%+4,820New
Kirtland Hills Capital Management, LLC4,757$696.4K0.32%−42−0.9%Reduced
Diversified Trust Co4,629$677.7K0.02%+53+1.2%Added
TFB Advisors LLC4,594$672.6K0.18%−249−5.1%Reduced
Commonwealth Equity Services, LLC4,565$668.0K0.00%+1,147+33.6%Added
Oppenheimer Asset Management Inc.4,431$648.7K0.01%+590+15.4%Added
Bank of Nova Scotia4,410$645.6K0.00%+296+7.2%Added
Capula Management Ltd4,407$645.2K0.01%+4,407New
Tokio Marine Asset Management Co Ltd4,350$636.8K0.02%00.0%Unchanged
MML Investors Services, LLC4,275$626.0K0.00%+20+0.5%Added
Eqis Capital Management, Inc.4,153$608.0K0.05%+266+6.8%Added
Entropy Technologies, LP4,103$600.7K0.05%−3,414−45.4%Reduced
Summit Creek Advisors LLC4,081$597.5K0.08%00.0%Unchanged
Dynamic Advisor Solutions LLC4,011$587.2K0.02%−2,630−39.6%Reduced
Wealthedge Investment Advisors, LLC3,937$576.4K0.24%−4,097−51.0%Reduced
ABN AMRO Bank N.V.3,834$563.7K0.01%−210−5.2%Reduced
Sanctuary Advisors, LLC3,827$560.2K0.00%+34+0.9%Added
Evergreen Capital Management LLC3,785$554.1K0.02%+2,173+134.8%Added
Newbridge Financial Services Group, Inc.3,756$549.9K0.09%−136−3.5%Reduced
one8zero8, LLC3,750$549.0K0.13%−300−7.4%Reduced
Everence Capital Management Inc3,740$548.0K0.04%00.0%Unchanged
Harvest Fund Management Co., Ltd3,930$544.0K0.03%00.0%Unchanged
CIBC Asset Management Inc3,715$543.9K0.00%00.0%Unchanged
Truist Financial Corp3,673$537.7K0.00%+150+4.3%Added
Lighthouse Investment Partners, LLC3,600$527.0K0.02%−1,575−30.4%Reduced
Delta Investment Management, LLC3,594$526.2K0.10%+3,594New
Steward Partners Investment Advisory, LLC3,498$512.1K0.00%−78−2.2%Reduced
Gerber Kawasaki Wealth & Investment Management3,492$511.3K0.02%+3,492New
Yarbrough Capital, LLC3,426$501.6K0.02%00.0%Unchanged
Simplicity Wealth,LLC3,388$496.0K0.02%+3,388New
Exchange Traded Concepts, LLC3,311$484.7K0.01%+258+8.5%Added
Kentucky Retirement Systems Insurance Trust Fund3,156$462.0K0.03%−219−6.5%Reduced
Venture Visionary Partners LLC3,100$453.8K0.02%+300+10.7%Added
Amica Mutual Insurance Co3,000$439.0K0.04%00.0%Unchanged
Capstone Investment Advisors, LLC2,985$437.0K0.00%+2,985New
Stephens Inc2,966$434.2K0.01%−42−1.4%Reduced
CIBC World Markets Inc.2,960$433.3K0.00%+399+15.6%Added
B. Metzler seel. Sohn & Co. AG2,900$424.6K0.00%00.0%Unchanged
Values First Advisors, Inc.2,872$420.4K0.23%+31+1.1%Added
Lifestyle Asset Management, Inc.2,863$419.1K0.20%+86+3.1%Added
Capital International Sarl2,863$419.1K0.01%00.0%Unchanged
Nelson, Van Denburg & Campbell Wealth Management Group, LLC2,847$416.8K0.01%−1,271−30.9%Reduced
Quantbot Technologies LP2,753$403.0K0.01%+2,753New
Pallas Capital Advisors LLC2,734$400.3K0.02%+2,734New
HB Wealth Management, LLC2,569$376.1K0.00%+938+57.5%Added
Empowered Funds, LLC2,567$375.8K0.00%+245+10.6%Added
Vestcor Inc2,457$360.0K0.01%−18−0.7%Reduced
NVWM, LLC2,444$357.8K0.09%+2,444New
Jump Financial, LLC2,409$352.7K0.00%+2,409New
Marshall Wace, LLP2,400$351.4K0.00%−48,867−95.3%Reduced
MetLife Investment Management2,387$349.5K0.00%−1,694−41.5%Reduced
Liberty One Investment Management, LLC2,386$349.3K0.04%−279−10.5%Reduced
Private Advisor Group, LLC2,288$334.9K0.00%+26+1.1%Added
Forza Wealth Management, LLC2,268$332.0K0.14%00.0%Unchanged
Envestnet Portfolio Solutions, Inc.2,248$329.1K0.00%−158−6.6%Reduced
Arete Wealth Advisors, LLC2,245$329.0K0.02%+2,245New
Nomura Holdings Inc2,222$325.3K0.00%+582+35.5%Added