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, Q4 2025
Institutional positions in Tradeweb Markets Inc. as of Dec 31, 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
- 553
- +25 vs. Q3 2025
- Shares held
- 116.3M
- +2.28M (+2.0%) vs. Q3 2025
- Total value
- $12.5B
- −$149.2M (−1.2%) vs. Q3 2025
- New holders
- 96
- 183 more added
- Sold out
- 71
- 221 more reduced
17 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding Tradeweb Markets Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Price T Rowe Associates Inc | 15,790,200 | $1.70B | 0.18% | +2,904,984+22.5% | Added |
| Vanguard Group Inc | 11,955,735 | $1.29B | 0.02% | −687,277−5.4% | Reduced |
| Wellington Management Group LLP | 9,349,923 | $1.01B | 0.18% | +378,257+4.2% | Added |
| BlackRock, Inc. | 6,843,451 | $735.9M | 0.01% | −1,050,677−13.3% | Reduced |
| T. Rowe Price Investment Management, Inc. | 2,896,875 | $311.5M | 0.20% | +618,601+27.2% | Added |
| Viking Global Investors LPSuperinvestorViking Global Investors | 2,768,659 | $297.7M | 0.79% | +2,768,659 | New |
| State Street Corp | 2,704,112 | $290.8M | 0.01% | +24,552+0.9% | Added |
| Cantillon Capital Management LLC | 2,688,245 | $289.1M | 1.56% | +753,923+39.0% | Added |
| Grantham, Mayo, Van Otterloo & Co. LLC | 2,518,721 | $270.9M | 0.69% | +549,685+27.9% | Added |
| Carmignac Gestion | 2,214,400 | $238.1M | 3.22% | +954,600+75.8% | Added |
| Franklin Resources Inc | 2,170,827 | $233.5M | 0.06% | −1,438,641−39.9% | Reduced |
| Capital World Investors | 2,075,580 | $223.2M | 0.03% | +30,233+1.5% | Added |
| Geode Capital Management, LLC | 2,079,100 | $222.9M | 0.01% | +75,769+3.8% | Added |
| AQR Capital Management LLC | 1,854,882 | $199.5M | 0.10% | +1,375,925+287.3% | Added |
| Morgan Stanley | 1,713,418 | $184.3M | 0.01% | +96,298+6.0% | Added |
| Nordea Investment Management AB | 1,621,318 | $174.8M | 0.15% | +134,313+9.0% | Added |
| Ninety One UK Ltd | 1,621,694 | $174.4M | 0.37% | +16,699+1.0% | Added |
| TD Asset Management Inc | 1,586,395 | $170.6M | 0.14% | +12,707+0.8% | Added |
| Bessemer Group Inc | 1,572,505 | $169.1M | 0.26% | −46,000−2.8% | Reduced |
| Norges Bank | 1,521,189 | $163.6M | 0.02% | +1,521,189 | New |
| American Century Companies Inc | 1,410,527 | $151.7M | 0.08% | −384,563−21.4% | Reduced |
| Capital International Investors | 1,259,524 | $135.4M | 0.02% | +696,031+123.5% | Added |
| Champlain Investment Partners, LLC | 1,216,346 | $130.8M | 1.32% | +245,846+25.3% | Added |
| JPMorgan Chase & Co | 1,215,198 | $130.7M | 0.01% | −1,233,903−50.4% | Reduced |
| CCLA Investment Management Ltd | 1,182,118 | $127.1M | 2.04% | +33,501+2.9% | Added |
| Harding Loevner LP | 1,121,185 | $120.6M | 1.06% | −182,491−14.0% | Reduced |
| UBS Group AG | 945,414 | $101.7M | 0.02% | +488,843+107.1% | Added |
| Charles Schwab Investment Management Inc | 932,336 | $100.3M | 0.02% | +18,308+2.0% | Added |
| Kensico Capital Management Corp | 728,100 | $78.3M | 1.33% | +266,100+57.6% | Added |
| Fiera Capital Corp | 712,369 | $76.6M | 0.24% | −171,629−19.4% | Reduced |
| Northern Trust Corp | 661,961 | $71.2M | 0.01% | −3,276−0.5% | Reduced |
| UBS Asset Management Americas Inc | 653,236 | $70.2M | 0.01% | +48,839+8.1% | Added |
| Nomura Asset Management Co Ltd | 641,169 | $69.0M | 0.17% | +71,331+12.5% | Added |
| FIL Ltd | 619,681 | $66.6M | 0.05% | +199,954+47.6% | Added |
| Two Sigma Investments, LP | 597,825 | $64.3M | 0.10% | +93,825+18.6% | Added |
| Renaissance Technologies LLC | 592,518 | $63.7M | 0.10% | −1,052,302−64.0% | Reduced |
| Bank of America Corp | 585,877 | $63.0M | 0.00% | −98,363−14.4% | Reduced |
| FMR LLC | 566,419 | $60.9M | 0.00% | −1,040,048−64.7% | Reduced |
| HMI Capital Management, L.P. | 532,000 | $57.2M | 4.70% | +93,500+21.3% | Added |
| Mawer Investment Management Ltd. | 531,171 | $57.1M | 0.32% | +62,575+13.4% | Added |
| Square Wave Capital, LLC | 525,600 | $56.5M | 13.14% | +107,737+25.8% | Added |
| Victory Capital Management Inc | 505,435 | $54.4M | 0.03% | +56,760+12.7% | Added |
| Stephens Investment Management Group LLC | 489,841 | $52.7M | 0.69% | +410+0.1% | Added |
| Qube Research & Technologies Ltd | 481,130 | $51.7M | 0.07% | −457,179−48.7% | Reduced |
| Dimensional Fund Advisors LP | 473,666 | $50.9M | 0.01% | +48,616+11.4% | Added |
| Colony Group, LLC | 457,493 | $49.2M | 0.06% | +28,973+6.8% | Added |
| AustralianSuper Pty Ltd | 449,823 | $48.4M | 0.22% | +173,967+63.1% | Added |
| Neuberger Berman Group LLC | 445,541 | $47.9M | 0.04% | −42,160−8.6% | Reduced |
| D. E. Shaw & Co., Inc. | 428,918 | $46.1M | 0.04% | −160,930−27.3% | Reduced |
| Primecap Management Co | 420,272 | $45.2M | 0.03% | −126,740−23.2% | Reduced |
| Bamco Inc | 381,337 | $41.0M | 0.11% | −10,773−2.7% | Reduced |
| Millennium Management LLC | 368,189 | $39.6M | 0.03% | −70,911−16.1% | Reduced |
| CIBC Private Wealth Group, LLC | 357,060 | $38.4M | 0.06% | −29,957−7.7% | Reduced |
| Fisher Funds Management LTD | 348,380 | $37.7M | 0.98% | +17,101+5.2% | Added |
| Bank of New York Mellon Corp | 349,246 | $37.6M | 0.01% | −42,604−10.9% | Reduced |
| Handelsbanken Fonder AB | 348,300 | $37.5M | 0.11% | −243,913−41.2% | Reduced |
| Caisse de Depot Et Placement du Quebec | 340,318 | $36.6M | 0.06% | +827+0.2% | Added |
| Goldman Sachs Group Inc | 324,455 | $34.9M | 0.00% | −382,445−54.1% | Reduced |
| North Reef Capital Management LP | 316,039 | $34.0M | 1.37% | +274,839+667.1% | Added |
| Brown Brothers Harriman & Co | 305,929 | $32.9M | 0.18% | +305,568+84,644.9% | Added |
| California Public Employees Retirement System | 303,827 | $32.7M | 0.02% | −72,552−19.3% | Reduced |
| Sumitomo Mitsui Trust Holdings, Inc. | 293,501 | $31.6M | 0.02% | +52,884+22.0% | Added |
| Jane Street Group, LLC | 262,910 | $28.3M | 0.03% | −127,319−32.6% | Reduced |
| Legal & General Group Plc | 261,136 | $28.1M | 0.01% | −31,456−10.8% | Reduced |
| American Capital Management Inc | 258,715 | $27.8M | 1.23% | −7,291−2.7% | Reduced |
| Tudor Investment Corp Et Al | 249,143 | $26.8M | 0.15% | +9,253+3.9% | Added |
| Deutsche Bank AG | 242,665 | $26.1M | 0.01% | +28,605+13.4% | Added |
| Renaissance Group LLC | 232,856 | $25.0M | 1.01% | −4,468−1.9% | Reduced |
| Amundi | 224,203 | $24.1M | 0.01% | +13,115+6.2% | Added |
| Marshall Wace, LLP | 219,038 | $23.6M | 0.02% | +219,038 | New |
| Norinchukin Bank, The | 213,907 | $23.0M | 0.27% | +55,410+35.0% | Added |
| Invesco Ltd. | 213,263 | $22.9M | 0.00% | −641,794−75.1% | Reduced |
| Squarepoint Ops LLC | 207,306 | $22.3M | 0.04% | −201,847−49.3% | Reduced |
| Altshuler Shaham Ltd | 205,000 | $22.0M | 0.34% | 00.0% | Unchanged |
| Vinva Investment Management Ltd | 199,159 | $21.5M | 0.27% | +53,830+37.0% | Added |
| Praesidium Investment Management Company, LLC | 186,840 | $20.1M | 3.72% | −37,851−16.8% | Reduced |
| Credit Agricole S A | 183,789 | $19.8M | 0.05% | +25,420+16.1% | Added |
| California State Teachers Retirement System | 181,890 | $19.6M | 0.02% | −9,613−5.0% | Reduced |
| Canada Pension Plan Investment Board | 176,039 | $18.9M | 0.01% | +5,133+3.0% | Added |
| Gotham Asset Management, LLC | 175,644 | $18.9M | 0.07% | +133,805+319.8% | Added |
| Nuveen, LLC | 175,342 | $18.9M | 0.00% | −31,784−15.3% | Reduced |
| Carnegie Capital Asset Management, LLC | 171,357 | $18.4M | 0.34% | +4,852+2.9% | Added |
| Voya Investment Management LLC | 167,545 | $18.0M | 0.02% | −1,232,031−88.0% | Reduced |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 155,382 | $16.7M | 0.13% | +11,217+7.8% | Added |
| Andra AP-fonden | 151,100 | $16.2M | 0.20% | −100,400−39.9% | Reduced |
| Ameriprise Financial Inc | 150,323 | $16.2M | 0.00% | +4,151+2.8% | Added |
| Wilson Asset Management (International) Pty Ltd | 148,081 | $15.9M | 4.09% | 00.0% | Unchanged |
| Blair William & Co | 135,033 | $14.5M | 0.04% | −11,869−8.1% | Reduced |
| Rhumbline Advisers | 131,174 | $14.1M | 0.01% | −6,898−5.0% | Reduced |
| Jain Global LLC | 124,513 | $13.4M | 0.13% | +90,674+268.0% | Added |
| Susquehanna International Group, LLP | 118,279 | $12.7M | 0.02% | −15,129−11.3% | Reduced |
| Worldquant Millennium Advisors LLC | 115,175 | $12.4M | 0.05% | +67,645+142.3% | Added |
| Barclays PLC | 113,650 | $12.2M | 0.00% | −11,897−9.5% | Reduced |
| SEI Investments Co | 112,779 | $12.1M | 0.01% | −58,775−34.3% | Reduced |
| Citigroup Inc | 111,522 | $12.0M | 0.01% | −12,097−9.8% | Reduced |
| Capital Fund Management S.A. | 109,677 | $11.8M | 0.11% | +9,458+9.4% | Added |
| Lakehouse Capital Pty Ltd | 108,875 | $11.7M | 8.44% | +27,995+34.6% | Added |
| HSBC Holdings PLC | 107,602 | $11.6M | 0.01% | +55,093+104.9% | Added |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 108,724 | $11.5M | 0.01% | −120−0.1% | Reduced |
| Sone Capital Management, LLC | 106,959 | $11.5M | 0.93% | −140,522−56.8% | Reduced |