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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, 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.

Institutional holdersQ3 2025: 545 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 heldQ3 2025: $12.7B
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, Q3 2025

Shares, value and share of portfolio for each institution holding Tradeweb Markets Inc.; share changes are against Q2 2025.

Institutions holding TW in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Forsta Ap-Fonden23,000$2.55M0.02%+700+3.1%Added
Canada Post Corp Registered Pension Plan22,714$2.53M0.11%+22,714New
EFG Asset Management (North America) Corp.22,712$2.52M0.33%+1,872+9.0%Added
Verition Fund Management LLC22,585$2.51M0.01%+17,315+328.6%Added
Mn Services Vermogensbeheer B.V.22,300$2.48M0.02%00.0%Unchanged
IFM Investors Pty Ltd22,172$2.46M0.02%00.0%Unchanged
OP Asset Management Ltd22,076$2.45M0.03%−12,767−36.6%Reduced
George Kaiser Family Foundation21,848$2.42M0.34%00.0%Unchanged
Knollwood Investment Advisory, LLC21,788$2.42M0.22%−72−0.3%Reduced
Synovus Financial Corp21,610$2.40M0.03%−104−0.5%Reduced
Krilogy Financial LLC22,882$2.39M0.09%+22,882New
Quantinno Capital Management LP21,444$2.38M0.01%+2,305+12.0%Added
DnB Asset Management AS21,402$2.38M0.01%+697+3.4%Added
Aigen Investment Management, LP21,283$2.36M0.37%+21,283New
Summit Trail Advisors, LLC20,668$2.29M0.03%+11,895+135.6%Added
Raiffeisen Bank International AG20,552$2.29M0.03%+3,152+18.1%Added
Headlands Technologies LLC20,306$2.25M0.18%+20,306New
Elo Mutual Pension Insurance Co19,694$2.19M0.04%−33−0.2%Reduced
Aperture Investors, LLC19,557$2.17M0.30%−18,185−48.2%Reduced
Police & Firemen's Retirement System of New Jersey18,798$2.09M0.02%+1,075+6.1%Added
EFG Asset Management (Americas) Corp.18,744$2.08M0.36%+1,842+10.9%Added
Swedbank AB18,250$2.03M0.00%+5,300+40.9%Added
Voleon Capital Management LP18,164$2.02M0.05%+18,164New
DekaBank Deutsche Girozentrale18,226$2.00M0.00%00.0%Unchanged
Capstone Investment Advisors, LLC17,405$1.93M0.02%+14,420+483.1%Added
Illumine Investment Management, LLC17,200$1.91M1.36%+125+0.7%Added
British Columbia Investment Management Corp16,736$1.86M0.01%−1,580−8.6%Reduced
Storebrand Asset Management AS16,492$1.83M0.00%+724+4.6%Added
Omers Administration Corp16,461$1.83M0.01%00.0%Unchanged
HRT Financial LP16,230$1.80M0.01%+1,596+10.9%Added
Mirae Asset Global Investments Co., Ltd.16,161$1.79M0.01%−2,943−15.4%Reduced
Ethic Inc.16,037$1.78M0.03%−1,713−9.7%Reduced
Virtu Financial LLC15,977$1.77M0.10%+15,977New
Janus Henderson Group PLC15,938$1.77M0.00%00.0%Unchanged
Cerity Partners LLC15,933$1.77M0.00%+7,927+99.0%Added
Point72 (DIFC) Ltd15,906$1.77M0.12%+15,906New
Investment Management Corp of Ontario15,894$1.76M0.03%−19,824−55.5%Reduced
SG Americas Securities, LLC15,627$1.73M0.01%+14,925+2,126.1%Added
Torray LLC15,615$1.73M0.24%+659+4.4%Added
Simplex Trading, LLC15,524$1.72M0.04%+15,524New
Allworth Financial LP15,277$1.70M0.01%−276−1.8%Reduced
Bank of Montreal15,270$1.69M0.00%+879+6.1%Added
Teacher Retirement System of Texas15,258$1.69M0.01%−329,715−95.6%Reduced
Taylor Frigon Capital Management LLC15,236$1.69M0.84%−498−3.2%Reduced
Roberts Wealth Advisors, LLC15,207$1.69M0.45%+184+1.2%Added
Meiji Yasuda Life Insurance Co15,184$1.69M0.05%−97−0.6%Reduced
Williams Jones Wealth Management, LLC.15,000$1.66M0.02%+5,218+53.3%Added
Nissay Asset Management Corp14,968$1.66M0.01%+173+1.2%Added
Westpac Banking Corp14,857$1.65M0.10%+6,151+70.7%Added
Linden Thomas Advisory Services, LLC14,663$1.63M0.16%−125−0.8%Reduced
Dynamic Technology Lab Private Ltd14,422$1.60M0.27%+14,422New
Xponance, Inc.13,609$1.51M0.01%+176+1.3%Added
Wealth Enhancement Advisory Services, LLC14,307$1.50M0.00%+8,971+168.1%Added
Sciencast Management LP13,326$1.48M0.28%+13,326New
Pathstone Holdings, LLC13,309$1.48M0.01%−804−5.7%Reduced
Virtus Investment Advisers, Inc.13,299$1.48M0.42%+3,054+29.8%Added
Cetera Investment Advisers13,235$1.47M0.00%+2,457+22.8%Added
1832 Asset Management L.P.13,071$1.45M0.00%+510+4.1%Added
Bridgefront Capital, LLC12,823$1.42M0.42%+12,823New
Richard Bernstein Advisors LLC12,588$1.40M0.04%−10,239−44.9%Reduced
Swiss Life Asset Management Ltd12,390$1.38M0.01%−25,094−66.9%Reduced
US Bancorp12,359$1.37M0.00%−736−5.6%Reduced
Evolutionary Tree Capital Management, LLC12,309$1.37M1.49%+12,309New
JustInvest LLC11,616$1.29M0.01%−510−4.2%Reduced
Hunting Hill Global Capital, LLC11,600$1.29M0.48%00.0%Unchanged
Leonteq Securities AG11,569$1.28M0.07%+11,569New
Mediolanum International Funds Ltd11,333$1.26M0.01%+288+2.6%Added
Entropy Technologies, LP11,296$1.25M0.09%+7,193+175.3%Added
Mercer Global Advisors Inc10,976$1.22M0.00%+1,902+21.0%Added
AXA Investment Managers S.A.10,883$1.21M0.00%+10,883New
Bridges Investment Management Inc10,693$1.19M0.02%+633+6.3%Added
Catalyst Funds Management Pty Ltd10,400$1.15M0.18%00.0%Unchanged
Harbour Capital Advisors, LLC10,937$1.14M0.23%−797−6.8%Reduced
Banque Pictet & Cie SA10,302$1.14M0.01%−66−0.6%Reduced
Achmea Investment Management B.V.10,206$1.13M0.01%+247+2.5%Added
Oak Thistle LLC10,097$1.12M0.17%+10,097New
Creative Planning10,087$1.12M0.00%+296+3.0%Added
Daiwa Securities Group Inc.9,867$1.09M0.00%+400+4.2%Added
ABN AMRO Bank N.V.9,845$1.09M0.01%+6,011+156.8%Added
Candriam Luxembourg S.C.A.9,637$1.07M0.01%−2,070−17.7%Reduced
Lido Advisors, LLC9,393$1.04M0.00%+4,210+81.2%Added
Standard Life Aberdeen plc9,213$1.02M0.00%−2,761−23.1%Reduced
FORA Capital, LLC9,083$1.01M0.18%+9,083New
Sigma Planning Corp8,921$990.1K0.03%+3,115+53.7%Added
Sherbrooke Park Advisers LLC8,749$971.0K0.45%+8,749New
Prudential Financial Inc8,693$964.7K0.00%+60+0.7%Added
Atria Investments LLC8,439$936.6K0.01%−2,049−19.5%Reduced
Vontobel Holding Ltd.8,417$934.1K0.00%−872−9.4%Reduced
Ossiam8,318$923.1K0.01%+524+6.7%Added
Malaga Cove Capital, LLC8,297$920.8K0.33%+8,297New
Private Trust Co NA8,161$905.7K0.08%−227−2.7%Reduced
Stifel Financial Corp8,052$893.6K0.00%−4,333−35.0%Reduced
Amalgamated Bank7,876$874.0K0.01%−156−1.9%Reduced
Pier Capital, LLC7,867$873.1K0.14%−592−7.0%Reduced
LGT Group Foundation7,988$859.5K0.01%+155+2.0%Added
Mackenzie Financial Corp7,705$855.1K0.00%+388+5.3%Added
GAM Holding AG7,695$854.0K0.05%−157−2.0%Reduced
Machina Capital S.A.S.7,643$848.2K0.15%+7,643New
AG2R la Mondiale Gestion D'Actifs5,778$845.9K0.04%00.0%Unchanged
Axq Capital, LP7,527$835.3K0.32%+7,527New