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, Q3 2025
Institutional positions in Tradeweb Markets Inc. as of Sep 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
- 545
- −18 vs. Q2 2025
- Shares held
- 114.4M
- −1.21M (−1.0%) vs. Q2 2025
- Total value
- $12.7B
- −$4.20B (−24.9%) vs. Q2 2025
- New holders
- 92
- 179 more added
- Sold out
- 110
- 211 more reduced
9 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 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.
| 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, Q3 2025
Shares, value and share of portfolio for each institution holding Tradeweb Markets Inc.; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Mawer Investment Management Ltd. | 468,596 | $52.0M | 0.27% | −9,553−2.0% | Reduced |
| AQR Capital Management LLC | 478,957 | $53.2M | 0.03% | +122,902+34.5% | Added |
| Neuberger Berman Group LLC | 487,701 | $54.1M | 0.04% | −261,105−34.9% | Reduced |
| Stephens Investment Management Group LLC | 489,431 | $54.3M | 0.70% | −187,977−27.7% | Reduced |
| Two Sigma Investments, LP | 504,000 | $55.9M | 0.09% | +382,943+316.3% | Added |
| Primecap Management Co | 547,012 | $60.7M | 0.05% | −956,300−63.6% | Reduced |
| Capital International Investors | 563,493 | $62.5M | 0.01% | +3,465+0.6% | Added |
| Nomura Asset Management Co Ltd | 569,838 | $63.2M | 0.17% | −140,103−19.7% | Reduced |
| D. E. Shaw & Co., Inc. | 589,848 | $65.5M | 0.05% | +381,961+183.7% | Added |
| Handelsbanken Fonder AB | 592,213 | $65.7M | 0.21% | −547,287−48.0% | Reduced |
| UBS Asset Management Americas Inc | 604,397 | $67.1M | 0.01% | −132,969−18.0% | Reduced |
| Northern Trust Corp | 665,237 | $73.8M | 0.01% | −16,489−2.4% | Reduced |
| Bank of America Corp | 684,240 | $75.9M | 0.01% | −282,539−29.2% | Reduced |
| Goldman Sachs Group Inc | 706,900 | $78.5M | 0.01% | +548,770+347.0% | Added |
| Thrivent Financial for Lutherans | 734,702 | $81.5M | 0.16% | −262,644−26.3% | Reduced |
| Invesco Ltd. | 855,057 | $94.9M | 0.01% | −774,837−47.5% | Reduced |
| Fiera Capital Corp | 883,998 | $98.1M | 0.32% | −104,552−10.6% | Reduced |
| Charles Schwab Investment Management Inc | 914,028 | $101.4M | 0.02% | +26,996+3.0% | Added |
| Qube Research & Technologies Ltd | 938,309 | $104.1M | 0.15% | +609,825+185.6% | Added |
| Champlain Investment Partners, LLC | 970,500 | $107.7M | 0.81% | +180,995+22.9% | Added |
| CCLA Investment Management Ltd | 1,148,617 | $127.4M | 2.04% | +36,522+3.3% | Added |
| Carmignac Gestion | 1,259,800 | $139.8M | 2.08% | +686,900+119.9% | Added |
| Harding Loevner LP | 1,303,676 | $144.7M | 1.06% | −479,140−26.9% | Reduced |
| Voya Investment Management LLC | 1,399,576 | $154.9M | 0.15% | +115,020+9.0% | Added |
| Nordea Investment Management AB | 1,487,005 | $163.9M | 0.14% | +9,551+0.6% | Added |
| TD Asset Management Inc | 1,573,688 | $174.6M | 0.14% | −704,252−30.9% | Reduced |
| Ninety One UK Ltd | 1,604,995 | $178.1M | 0.38% | +375,495+30.5% | Added |
| FMR LLC | 1,606,467 | $178.3M | 0.01% | +175,155+12.2% | Added |
| Morgan Stanley | 1,617,120 | $179.5M | 0.01% | −387,545−19.3% | Reduced |
| Bessemer Group Inc | 1,618,505 | $179.6M | 0.27% | −5,079−0.3% | Reduced |
| Renaissance Technologies LLC | 1,644,820 | $182.5M | 0.24% | −103,400−5.9% | Reduced |
| American Century Companies Inc | 1,795,090 | $199.2M | 0.10% | +20,478+1.2% | Added |
| Cantillon Capital Management LLC | 1,934,322 | $214.7M | 1.18% | +804,413+71.2% | Added |
| Grantham, Mayo, Van Otterloo & Co. LLC | 1,969,036 | $218.5M | 0.62% | +485,407+32.7% | Added |
| Geode Capital Management, LLC | 2,003,331 | $221.6M | 0.01% | −67,593−3.3% | Reduced |
| Capital World Investors | 2,045,347 | $227.0M | 0.03% | −652,993−24.2% | Reduced |
| T. Rowe Price Investment Management, Inc. | 2,278,274 | $252.8M | 0.15% | −190,420−7.7% | Reduced |
| JPMorgan Chase & Co | 2,449,101 | $271.8M | 0.02% | −148,996−5.7% | Reduced |
| State Street Corp | 2,679,560 | $297.4M | 0.01% | +55,734+2.1% | Added |
| Franklin Resources Inc | 3,609,468 | $400.6M | 0.10% | −233,058−6.1% | Reduced |
| BlackRock, Inc. | 7,894,128 | $876.1M | 0.02% | −516,540−6.1% | Reduced |
| Wellington Management Group LLP | 8,971,666 | $995.7M | 0.17% | +2,108,048+30.7% | Added |
| Vanguard Group Inc | 12,643,012 | $1.40B | 0.02% | +784,917+6.6% | Added |
| Price T Rowe Associates Inc | 12,885,216 | $1.43B | 0.15% | +4,353,608+51.0% | Added |
| Cornerstone Planning Group LLC | 4 | – | – | +2+100.0% | Added |
| NVWM, LLC | 0 | $0 | 0.00% | −2,444−100.0% | Sold out |
| Erste Asset Management GmbH | 0 | $0 | 0.00% | −1,800−100.0% | Sold out |
| Activest Wealth Management | 0 | $0 | 0.00% | −8−100.0% | Sold out |
| Axiom Investors LLC | 0 | $0 | 0.00% | −1,893,905−100.0% | Sold out |
| Massachusetts Financial Services Co | 0 | $0 | 0.00% | −1,301,903−100.0% | Sold out |
| Artisan Partners Limited Partnership | 0 | $0 | 0.00% | −1,188,792−100.0% | Sold out |
| Westfield Capital Management Co LP | 0 | $0 | 0.00% | −447,615−100.0% | Sold out |
| Perpetual Ltd | 0 | $0 | 0.00% | −394,969−100.0% | Sold out |
| Arrowstreet Capital, Limited Partnership | 0 | $0 | 0.00% | −170,084−100.0% | Sold out |
| Oddo BHF Asset Management SAS | 0 | $0 | 0.00% | −135,663−100.0% | Sold out |
| Driehaus Capital Management LLC | 0 | $0 | 0.00% | −132,644−100.0% | Sold out |
| Agf Management Ltd | 0 | $0 | 0.00% | −129,576−100.0% | Sold out |
| Jupiter Asset Management Ltd | 0 | $0 | 0.00% | −104,839−100.0% | Sold out |
| Cookson Peirce & Co Inc | 0 | $0 | 0.00% | −86,908−100.0% | Sold out |
| Lord, Abbett & Co. LLC | 0 | $0 | 0.00% | −71,202−100.0% | Sold out |
| Moran Wealth Management, LLC | 0 | $0 | 0.00% | −67,505−100.0% | Sold out |
| Twin Tree Management, LP | 0 | $0 | 0.00% | −62,274−100.0% | Sold out |
| Alps Advisors Inc | 0 | $0 | 0.00% | −52,197−100.0% | Sold out |
| Atika Capital Management LLC | 0 | $0 | 0.00% | −50,000−100.0% | Sold out |
| Natixis Advisors, L.P. | 0 | $0 | 0.00% | −42,085−100.0% | Sold out |
| Gunderson Capital Management Inc. | 0 | $0 | 0.00% | −31,228−100.0% | Sold out |
| D L Carlson Investment Group Inc | 0 | $0 | 0.00% | −26,507−100.0% | Sold out |
| Pier 88 Investment Partners LLC | 0 | $0 | 0.00% | −21,675−100.0% | Sold out |
| AXA S.A. | 0 | $0 | 0.00% | −15,573−100.0% | Sold out |
| Element Squared LLC | 0 | $0 | 0.00% | −15,335−100.0% | Sold out |
| Cim, LLC | 0 | $0 | 0.00% | −14,829−100.0% | Sold out |
| Ieq Capital, LLC | 0 | $0 | 0.00% | −14,662−100.0% | Sold out |
| Rational Advisors LLC | 0 | $0 | 0.00% | −14,600−100.0% | Sold out |
| Landscape Capital Management, L.L.C. | 0 | $0 | 0.00% | −13,970−100.0% | Sold out |
| Generali Asset Management SPA SGR | 0 | $0 | 0.00% | −13,660−100.0% | Sold out |
| HWG Holdings LP | 0 | $0 | 0.00% | −12,938−100.0% | Sold out |
| Quadrature Capital Ltd | 0 | $0 | 0.00% | −11,470−100.0% | Sold out |
| Harvest Investment Services, LLC | 0 | $0 | 0.00% | −10,007−100.0% | Sold out |
| Central Pacific Bank - Trust Division | 0 | $0 | 0.00% | −9,510−100.0% | Sold out |
| Highland Capital Management, LLC | 0 | $0 | 0.00% | −8,484−100.0% | Sold out |
| PDT Partners, LLC | 0 | $0 | 0.00% | −8,067−100.0% | Sold out |
| WBI Investments | 0 | $0 | 0.00% | −7,389−100.0% | Sold out |
| Williamson Legacy Group, LLC | 0 | $0 | 0.00% | −6,827−100.0% | Sold out |
| Freestone Grove Partners LP | 0 | $0 | 0.00% | −6,721−100.0% | Sold out |
| Dakota Wealth Management | 0 | $0 | 0.00% | −6,708−100.0% | Sold out |
| Bryn Mawr Trust Co | 0 | $0 | 0.00% | −6,351−100.0% | Sold out |
| XTX Topco Ltd | 0 | $0 | 0.00% | −5,412−100.0% | Sold out |
| Toth Financial Advisory Corp | 0 | $0 | 0.00% | −5,315−100.0% | Sold out |
| Hudson Bay Capital Management LP | 0 | $0 | 0.00% | −4,880−100.0% | Sold out |
| Nebula Research & Development LLC | 0 | $0 | 0.00% | −4,820−100.0% | Sold out |
| Capula Management Ltd | 0 | $0 | 0.00% | −4,407−100.0% | Sold out |
| Eqis Capital Management, Inc. | 0 | $0 | 0.00% | −4,153−100.0% | Sold out |
| Wealthedge Investment Advisors, LLC | 0 | $0 | 0.00% | −3,937−100.0% | Sold out |
| Newbridge Financial Services Group, Inc. | 0 | $0 | 0.00% | −3,756−100.0% | Sold out |
| Everence Capital Management Inc | 0 | $0 | 0.00% | −3,740−100.0% | Sold out |
| Lighthouse Investment Partners, LLC | 0 | $0 | 0.00% | −3,600−100.0% | Sold out |
| Delta Investment Management, LLC | 0 | $0 | 0.00% | −3,594−100.0% | Sold out |
| Simplicity Wealth,LLC | 0 | $0 | 0.00% | −3,388−100.0% | Sold out |
| CIBC World Markets Inc. | 0 | $0 | 0.00% | −2,960−100.0% | Sold out |
| Nelson, Van Denburg & Campbell Wealth Management Group, LLC | 0 | $0 | 0.00% | −2,847−100.0% | Sold out |