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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
Polymer Capital Management (US) LLC7,458$827.7K0.11%+7,458New
Boston Private Wealth LLC7,365$817.4K0.04%−2,053−21.8%Reduced
Toroso Investments, LLC7,360$816.8K0.00%+981+15.4%Added
Kentucky Retirement Systems7,320$812.4K0.02%−117−1.6%Reduced
Vident Advisory, LLC7,294$809.5K0.01%−25,760−77.9%Reduced
Bokf, NA7,253$804.9K0.01%−23−0.3%Reduced
Schroder Investment Management Group7,093$787.2K0.00%−120,253−94.4%Reduced
Guggenheim Capital LLC6,861$761.4K0.01%−175−2.5%Reduced
Rockefeller Capital Management L.P.6,794$754.0K0.00%+6,794New
Captrust Financial Advisors6,706$744.2K0.00%−3,104−31.6%Reduced
Scientech Research LLC6,626$735.4K0.26%+6,626New
Sterling Capital Management LLC6,619$734.6K0.01%−505−7.1%Reduced
Maridea Wealth Management LLC6,724$732.1K0.11%+6,724New
Federated Hermes, Inc.6,514$722.9K0.00%−20,007−75.4%Reduced
Advisor Group Holdings, Inc.6,317$709.7K0.00%−9−0.1%Reduced
Diversified Trust Co6,353$705.1K0.01%+1,724+37.2%Added
HighTower Advisors, LLC6,287$697.9K0.00%−1,863−22.9%Reduced
Plato Investment Management Ltd6,316$695.6K0.05%00.0%Unchanged
Utah Retirement Systems6,163$684.0K0.01%00.0%Unchanged
AdvisorNet Financial, Inc6,094$676.3K0.04%−439−6.7%Reduced
Gulf International Bank (UK) Ltd6,043$671.0K0.02%00.0%Unchanged
Goodman Advisory Group, LLC6,027$668.9K0.17%+6,027New
Mariner, LLC5,968$662.3K0.00%−5,392−47.5%Reduced
Frank, Rimerman Advisors LLC5,902$655.0K0.04%+21+0.4%Added
Fiduciary Trust Co5,875$652.0K0.01%−346−5.6%Reduced
Sava Infond d.o.o.5,850$649.2K0.09%+500+9.3%Added
Maryland State Retirement & Pension System5,731$636.0K0.01%+306+5.6%Added
Lazard Asset Management LLC5,662$628.4K0.00%−2,780−32.9%Reduced
Quantitative Investment Management, LLC5,579$619.0K0.09%+5,579New
Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna5,540$614.8K0.25%−13,800−71.4%Reduced
Allspring Global Investments Holdings, LLC5,688$612.0K0.00%−1,572,936−99.6%Reduced
Inspire Advisors, LLC5,486$608.8K0.06%−131−2.3%Reduced
Park Avenue Securities LLC5,452$605.0K0.00%−288−5.0%Reduced
Horizon Kinetics Asset Management LLC5,283$586.3K0.01%00.0%Unchanged
Concentric Capital Strategies, LP5,259$583.6K0.03%+5,259New
Capital Group Private Client Services, Inc.5,189$575.9K0.01%−19,256−78.8%Reduced
Hamilton Capital Partners Inc.5,143$570.8K0.02%−511−9.0%Reduced
Royal London Asset Management Ltd5,135$569.9K0.00%−1,431−21.8%Reduced
Trexquant Investment LP5,063$561.9K0.01%+5,063New
Bangor Savings Bank5,050$560.4K0.05%−33−0.6%Reduced
M&T Bank Corp4,932$546.9K0.00%−2,650−35.0%Reduced
Buckingham Strategic Partners4,946$542.2K0.01%+3,302+200.9%Added
Wolverine Trading, LLC4,865$541.8K0.01%−2,056−29.7%Reduced
ASR Vermogensbeheer N.V.4,820$534.9K0.01%−28−0.6%Reduced
Summit Global Investments4,758$528.0K0.03%−246−4.9%Reduced
Kirtland Hills Capital Management, LLC4,757$527.9K0.21%00.0%Unchanged
O'Shaughnessy Asset Management, LLC4,694$520.9K0.00%−2,188−31.8%Reduced
Prudential PLC4,597$510.2K0.00%+2,979+184.1%Added
National Pension Service4,581$508.4K0.00%+2,696+143.0%Added
Tokio Marine Asset Management Co Ltd4,503$499.7K0.02%+153+3.5%Added
Blueshift Asset Management, LLC4,430$491.6K0.15%+4,430New
Oppenheimer Asset Management Inc.4,415$490.0K0.01%−16−0.4%Reduced
Truist Financial Corp4,401$488.4K0.00%+728+19.8%Added
Fox Run Management, L.L.C.4,339$481.5K0.08%+4,339New
EntryPoint Capital, LLC4,268$473.7K0.18%+4,268New
TFB Advisors LLC4,367$472.6K0.14%−227−4.9%Reduced
Principal Financial Group Inc4,231$469.6K0.00%−45,126−91.4%Reduced
NewEdge Wealth, LLC4,497$469.5K0.01%−8,016−64.1%Reduced
Exchange Traded Concepts, LLC4,209$467.1K0.00%+898+27.1%Added
CIBC Bancorp USA Inc.4,175$463.3K0.00%+4,175New
Allstate Corp4,171$462.9K0.01%+4,171New
Flputnam Investment Management Co4,171$462.9K0.01%−1,202−22.4%Reduced
Federation des caisses Desjardins du Quebec4,090$453.9K0.00%−782−16.1%Reduced
MML Investors Services, LLC4,023$446.5K0.00%−252−5.9%Reduced
Comerica Bank4,006$444.6K0.00%−130,065−97.0%Reduced
Integrated Wealth Concepts LLC3,982$441.9K0.00%−963−19.5%Reduced
R Squared Ltd3,927$435.8K0.19%+3,927New
HB Wealth Management, LLC3,889$431.6K0.00%+1,320+51.4%Added
Sanctuary Advisors, LLC3,866$429.1K0.00%+39+1.0%Added
Evergreen Capital Management LLC3,827$424.7K0.01%+42+1.1%Added
Janney Montgomery Scott LLC3,771$419.0K0.00%−57,472−93.8%Reduced
one8zero8, LLC3,750$416.2K0.09%00.0%Unchanged
CIBC Asset Management Inc3,715$412.3K0.00%00.0%Unchanged
Dynamic Advisor Solutions LLC3,628$402.6K0.01%−383−9.5%Reduced
AIA Group Ltd3,628$402.6K0.01%+3,628New
Steward Partners Investment Advisory, LLC3,449$382.7K0.00%−49−1.4%Reduced
Yarbrough Capital, LLC3,426$380.2K0.01%00.0%Unchanged
Beirne Wealth Consulting Services, LLC3,408$378.3K0.09%+3,408New
QRG Capital Management, Inc.3,300$366.2K0.00%−3,900−54.2%Reduced
Caxton Associates LLP3,222$357.6K0.01%+3,222New
Lifestyle Asset Management, Inc.3,141$348.6K0.12%+278+9.7%Added
TD Waterhouse Canada Inc.3,185$344.6K0.00%−4,872−60.5%Reduced
Venture Visionary Partners LLC3,100$344.0K0.01%00.0%Unchanged
Kentucky Retirement Systems Insurance Trust Fund3,068$340.5K0.02%−88−2.8%Reduced
Traynor Capital Management, Inc.3,045$337.9K0.02%+3,045New
Amica Mutual Insurance Co3,000$333.0K0.03%00.0%Unchanged
Principal Securities, Inc.2,951$327.5K0.01%+735+33.2%Added
B. Metzler seel. Sohn & Co. AG2,900$321.8K0.00%00.0%Unchanged
Stephens Inc2,846$315.8K0.00%−120−4.0%Reduced
Values First Advisors, Inc.2,751$305.3K0.16%−121−4.2%Reduced
Eventide Asset Management, LLC2,676$298.0K0.00%−8,213−75.4%Reduced
Empowered Funds, LLC2,585$286.9K0.00%+18+0.7%Added
Farther Finance Advisors, LLC2,570$285.2K0.00%+1,118+77.0%Added
Liberty One Investment Management, LLC2,527$280.4K0.02%+141+5.9%Added
Commonwealth Equity Services, LLC2,509$278.0K0.00%−2,056−45.0%Reduced
Novare Capital Management LLC2,500$277.4K0.02%+600+31.6%Added
Vestcor Inc2,457$273.0K0.01%00.0%Unchanged
Citizens Financial Group Inc2,434$270.1K0.00%+2,434New
Coldstream Capital Management Inc2,420$268.6K0.00%+879+57.0%Added
MetLife Investment Management2,407$267.1K0.00%+20+0.8%Added