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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
True Wealth Design, LLC35$3.88K0.00%+25+250.0%Added
JPL Wealth Management, LLC35$3.88K0.00%+35New
Massmutual Trust Co FSB30$3.33K0.00%−14−31.8%Reduced
Fortitude Family Office, LLC30$3.33K0.00%+2+7.1%Added
Harbour Investments, Inc.30$3.33K0.00%+18+150.0%Added
First Pacific Financial28$3.11K0.00%+1+3.7%Added
Quent Capital, LLC28$3.11K0.00%+28New
CVA Family Office, LLC26$2.88K0.00%−4−13.3%Reduced
Transamerica Financial Advisors, Inc.24$2.55K0.00%+24New
Manchester Capital Management LLC22$2.44K0.00%+20+1,000.0%Added
Marquette Asset Management, LLC22$2.44K0.00%+22New
HighMark Wealth Management LLC20$2.22K0.00%−11−35.5%Reduced
Cloud Capital Management, LLC19$2.00K0.00%+19New
MV Capital Management, Inc.18$2.00K0.00%00.0%Unchanged
Zions Bancorporation, National Association17$1.89K0.00%00.0%Unchanged
Binnacle Investments Inc16$1.78K0.00%00.0%Unchanged
Glen Eagle Advisors, LLC15$1.67K0.00%+15New
Wealthspire Advisors, LLC14$1.55K0.00%+14New
Sachetta, LLC13$1.44K0.00%−3−18.8%Reduced
Johnson Financial Group, Inc.13$1.44K0.00%+13New
Umb Bank N A12$1.33K0.00%−23,821−99.9%Reduced
Prestige Wealth Management Group LLC12$1.33K0.00%00.0%Unchanged
Aspect Partners, LLC12$1.33K0.00%+12New
Valley National Advisers Inc16$1.00K0.00%+16New
Kilter Group LLC9$9990.00%00.0%Unchanged
Montag A & Associates Inc8$9250.00%−324−97.6%Reduced
South State Corp.8$8880.00%−4−33.3%Reduced
Private Wealth Management Group, LLC8$8880.00%00.0%Unchanged
SJS Investment Consulting Inc.7$7770.00%00.0%Unchanged
Cromwell Holdings LLC6$6660.00%−9−60.0%Reduced
Principia Wealth Advisory, LLC5$5550.00%−1−16.7%Reduced
Tortoise Investment Management, LLC5$5550.00%00.0%Unchanged
Murphy & Mullick Capital Management Corp5$5550.00%00.0%Unchanged
Heartwood Wealth Advisors LLC4$4440.00%+4New
Bay Harbor Wealth Management, LLC4$4430.00%00.0%Unchanged
Pacer Advisors, Inc.3$3330.00%00.0%Unchanged
NBC Securities, Inc.3$3320.00%+3New
Clearstead Advisors, LLC2$2220.00%−120−98.4%Reduced
HFM Investment Advisors, LLC2$2220.00%−3−60.0%Reduced
Quaker Wealth Management, LLC2$2220.00%−2−50.0%Reduced
Private Wealth Asset Management, LLC2$2220.00%00.0%Unchanged
Seneschal Advisors, LLC2$2220.00%+2New
Rialto Wealth Management, LLC1$1110.00%−2−66.7%Reduced
Ogorek Anthony Joseph5$00.00%00.0%Unchanged
Cornerstone Planning Group LLC4––+2+100.0%Added
NVWM, LLC0$00.00%−2,444−100.0%Sold out
Erste Asset Management GmbH0$00.00%−1,800−100.0%Sold out
Activest Wealth Management0$00.00%−8−100.0%Sold out
Axiom Investors LLC0$00.00%−1,893,905−100.0%Sold out
Massachusetts Financial Services Co0$00.00%−1,301,903−100.0%Sold out
Artisan Partners Limited Partnership0$00.00%−1,188,792−100.0%Sold out
Westfield Capital Management Co LP0$00.00%−447,615−100.0%Sold out
Perpetual Ltd0$00.00%−394,969−100.0%Sold out
Arrowstreet Capital, Limited Partnership0$00.00%−170,084−100.0%Sold out
Oddo BHF Asset Management SAS0$00.00%−135,663−100.0%Sold out
Driehaus Capital Management LLC0$00.00%−132,644−100.0%Sold out
Agf Management Ltd0$00.00%−129,576−100.0%Sold out
Jupiter Asset Management Ltd0$00.00%−104,839−100.0%Sold out
Cookson Peirce & Co Inc0$00.00%−86,908−100.0%Sold out
Lord, Abbett & Co. LLC0$00.00%−71,202−100.0%Sold out
Moran Wealth Management, LLC0$00.00%−67,505−100.0%Sold out
Twin Tree Management, LP0$00.00%−62,274−100.0%Sold out
Alps Advisors Inc0$00.00%−52,197−100.0%Sold out
Atika Capital Management LLC0$00.00%−50,000−100.0%Sold out
Natixis Advisors, L.P.0$00.00%−42,085−100.0%Sold out
Gunderson Capital Management Inc.0$00.00%−31,228−100.0%Sold out
D L Carlson Investment Group Inc0$00.00%−26,507−100.0%Sold out
Pier 88 Investment Partners LLC0$00.00%−21,675−100.0%Sold out
AXA S.A.0$00.00%−15,573−100.0%Sold out
Element Squared LLC0$00.00%−15,335−100.0%Sold out
Cim, LLC0$00.00%−14,829−100.0%Sold out
Ieq Capital, LLC0$00.00%−14,662−100.0%Sold out
Rational Advisors LLC0$00.00%−14,600−100.0%Sold out
Landscape Capital Management, L.L.C.0$00.00%−13,970−100.0%Sold out
Generali Asset Management SPA SGR0$00.00%−13,660−100.0%Sold out
HWG Holdings LP0$00.00%−12,938−100.0%Sold out
Quadrature Capital Ltd0$00.00%−11,470−100.0%Sold out
Harvest Investment Services, LLC0$00.00%−10,007−100.0%Sold out
Central Pacific Bank - Trust Division0$00.00%−9,510−100.0%Sold out
Highland Capital Management, LLC0$00.00%−8,484−100.0%Sold out
PDT Partners, LLC0$00.00%−8,067−100.0%Sold out
WBI Investments0$00.00%−7,389−100.0%Sold out
Williamson Legacy Group, LLC0$00.00%−6,827−100.0%Sold out
Freestone Grove Partners LP0$00.00%−6,721−100.0%Sold out
Dakota Wealth Management0$00.00%−6,708−100.0%Sold out
Bryn Mawr Trust Co0$00.00%−6,351−100.0%Sold out
XTX Topco Ltd0$00.00%−5,412−100.0%Sold out
Toth Financial Advisory Corp0$00.00%−5,315−100.0%Sold out
Hudson Bay Capital Management LP0$00.00%−4,880−100.0%Sold out
Nebula Research & Development LLC0$00.00%−4,820−100.0%Sold out
Capula Management Ltd0$00.00%−4,407−100.0%Sold out
Eqis Capital Management, Inc.0$00.00%−4,153−100.0%Sold out
Wealthedge Investment Advisors, LLC0$00.00%−3,937−100.0%Sold out
Newbridge Financial Services Group, Inc.0$00.00%−3,756−100.0%Sold out
Everence Capital Management Inc0$00.00%−3,740−100.0%Sold out
Lighthouse Investment Partners, LLC0$00.00%−3,600−100.0%Sold out
Delta Investment Management, LLC0$00.00%−3,594−100.0%Sold out
Simplicity Wealth,LLC0$00.00%−3,388−100.0%Sold out
CIBC World Markets Inc.0$00.00%−2,960−100.0%Sold out
Nelson, Van Denburg & Campbell Wealth Management Group, LLC0$00.00%−2,847−100.0%Sold out