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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, 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.

Institutional holdersQ4 2025: 553 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 heldQ4 2025: $12.5B
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, Q4 2025

Shares, value and share of portfolio for each institution holding Tradeweb Markets Inc.; share changes are against Q3 2025.

Institutions holding TW in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
PEAK6 LLC4,384$471.5K0.01%+4,384New
Evolve Private Wealth, LLC4,424$475.8K0.03%+4,424New
Sava Infond d.o.o.4,450$478.6K0.06%−1,400−23.9%Reduced
Krilogy Financial LLC4,548$483.6K0.02%−18,334−80.1%Reduced
Tokio Marine Asset Management Co Ltd4,503$484.3K0.02%00.0%Unchanged
Park Avenue Securities LLC4,509$485.0K0.00%−943−17.3%Reduced
Sompo Asset Management Co., Ltd.4,510$485.0K0.08%+2,390+112.7%Added
NewEdge Wealth, LLC4,576$492.1K0.01%+79+1.8%Added
Allspring Global Investments Holdings, LLC4,639$492.7K0.00%−1,049−18.4%Reduced
Kirtland Hills Capital Management, LLC4,649$499.9K0.18%−108−2.3%Reduced
Hunting Hill Global Capital, LLC4,687$504.0K0.50%−6,913−59.6%Reduced
ASR Vermogensbeheer N.V.4,775$513.5K0.01%−45−0.9%Reduced
Federation des caisses Desjardins du Quebec4,823$518.7K0.00%+733+17.9%Added
Venture Visionary Partners LLC4,833$519.7K0.02%+1,733+55.9%Added
Integrated Wealth Concepts LLC4,916$528.7K0.01%+934+23.5%Added
one8zero8, LLC4,950$532.3K0.12%+1,200+32.0%Added
Rakuten Investment Management, Inc.4,933$534.1K0.00%−29,984−85.9%Reduced
Rockefeller Capital Management L.P.5,041$542.1K0.00%−1,753−25.8%Reduced
Capital Group Private Client Services, Inc.5,059$544.0K0.01%−130−2.5%Reduced
Vident Advisory, LLC5,067$544.9K0.01%−2,227−30.5%Reduced
Verition Fund Management LLC5,069$545.1K0.00%−17,516−77.6%Reduced
Boston Private Wealth LLC5,078$546.1K0.03%−2,287−31.1%Reduced
Ofi Invest Asset Management5,174$548.1K0.01%+4,655+896.9%Added
Royal London Asset Management Ltd5,135$552.2K0.00%00.0%Unchanged
Fiduciary Trust Co5,159$554.8K0.01%−716−12.2%Reduced
CIBC Asset Management Inc5,229$562.3K0.00%+1,514+40.8%Added
Horizon Kinetics Asset Management LLC5,283$568.1K0.01%00.0%Unchanged
Prudential Financial Inc5,283$569.8K0.00%−3,410−39.2%Reduced
Lavelle Capital LP5,420$582.9K0.37%+5,420New
BI Asset Management Fondsmaeglerselskab A/S5,424$583.0K0.01%−20,213−78.8%Reduced
Bokf, NA5,483$589.6K0.01%−1,770−24.4%Reduced
Eurizon Capital SGR S.p.A.5,625$604.9K0.00%+5,625New
Lazard Asset Management LLC5,662$608.9K0.00%00.0%Unchanged
Wealth Enhancement Trust Services, Inc.5,687$611.6K0.08%+5,687New
Hamilton Capital Partners Inc.5,688$611.7K0.02%+545+10.6%Added
Maryland State Retirement & Pension System5,731$616.3K0.01%00.0%Unchanged
Manufacturers Life Insurance Company, The5,813$625.1K0.00%−31,584−84.5%Reduced
HB Wealth Management, LLC5,943$639.1K0.00%+2,054+52.8%Added
EP Wealth Advisors, LLC5,975$642.6K0.00%+5,975New
Pallas Capital Advisors LLC5,978$642.9K0.02%+5,978New
Stifel Financial Corp6,004$645.7K0.00%−2,048−25.4%Reduced
Gulf International Bank (UK) Ltd6,043$650.0K0.02%00.0%Unchanged
AdvisorNet Financial, Inc6,088$654.7K0.03%−6−0.1%Reduced
Utah Retirement Systems6,163$662.8K0.01%00.0%Unchanged
Sanctuary Advisors, LLC6,186$665.3K0.00%+2,320+60.0%Added
Amalgamated Bank6,228$670.0K0.00%−1,648−20.9%Reduced
Plato Investment Management Ltd6,316$682.5K0.04%00.0%Unchanged
Sterling Capital Management LLC6,402$688.5K0.01%−217−3.3%Reduced
Bridgefront Capital, LLC6,512$700.3K0.18%−6,311−49.2%Reduced
Sivia Capital Partners, LLC6,552$704.6K0.14%+6,552New
HighTower Advisors, LLC6,600$709.7K0.00%+313+5.0%Added
AG2R la Mondiale Gestion D'Actifs6,694$719.9K0.03%+916+15.9%Added
Guggenheim Capital LLC6,762$727.2K0.01%−99−1.4%Reduced
Point72 Asset Management, L.P.6,792$730.4K0.00%+6,792New
Quantitative Investment Management, LLC6,888$740.0K0.07%+1,309+23.5%Added
HRT Financial LP6,989$751.0K0.00%−9,241−56.9%Reduced
Regal Investment Advisors LLC7,001$752.9K0.05%+7,001New
M&T Bank Corp7,014$754.0K0.00%+2,082+42.2%Added
LGT Group Foundation7,034$758.7K0.01%−954−11.9%Reduced
Vontobel Holding Ltd.7,096$763.1K0.00%−1,321−15.7%Reduced
Atria Investments LLC7,113$764.9K0.01%−1,326−15.7%Reduced
Kentucky Retirement Systems7,320$787.2K0.02%00.0%Unchanged
Buckingham Strategic Partners7,796$838.4K0.01%+2,850+57.6%Added
Quadrant Capital Group LLC7,848$844.0K0.03%+6,575+516.5%Added
Frank, Rimerman Advisors LLC7,873$846.7K0.05%+1,971+33.4%Added
National Pension Service7,917$851.4K0.00%+3,336+72.8%Added
Malaga Cove Capital, LLC8,036$864.2K0.30%−261−3.1%Reduced
Allstate Corp8,271$889.5K0.01%+4,100+98.3%Added
Banque Pictet & Cie SA8,342$897.1K0.01%−1,960−19.0%Reduced
Private Trust Co NA8,413$904.7K0.08%+252+3.1%Added
Pathstone Holdings, LLC8,446$908.3K0.00%−4,863−36.5%Reduced
Pier Capital, LLC8,452$908.9K0.15%+585+7.4%Added
Candriam Luxembourg S.C.A.8,762$942.3K0.00%−875−9.1%Reduced
Toroso Investments, LLC8,804$946.8K0.00%+1,444+19.6%Added
Storebrand Asset Management AS9,289$998.9K0.00%−7,203−43.7%Reduced
ABN AMRO Bank N.V.9,350$1.00M0.01%−495−5.0%Reduced
GAM Holding AG9,454$1.02M0.06%+1,759+22.9%Added
Raiffeisen Bank International AG9,474$1.02M0.01%−11,078−53.9%Reduced
Lido Advisors, LLC9,362$1.02M0.00%−31−0.3%Reduced
Maridea Wealth Management LLC9,723$1.05M0.16%+2,999+44.6%Added
Y-Intercept (Hong Kong) Ltd9,744$1.05M0.02%−66,407−87.2%Reduced
Daiwa Securities Group Inc.9,867$1.06M0.00%00.0%Unchanged
Mackenzie Financial Corp9,960$1.07M0.00%+2,255+29.3%Added
Quest Partners LLC10,150$1.09M0.06%+8,726+612.8%Added
Swiss Life Asset Management Ltd10,336$1.11M0.01%−2,054−16.6%Reduced
Catalyst Funds Management Pty Ltd10,400$1.12M0.26%00.0%Unchanged
Gsa Capital Partners LLP10,526$1.13M0.10%+10,526New
Polymer Capital Management (US) LLC10,605$1.14M0.15%+3,147+42.2%Added
JustInvest LLC10,669$1.15M0.01%−947−8.2%Reduced
Merit Financial Group, LLC10,901$1.17M0.01%+10,901New
Diversified Trust Co11,097$1.19M0.02%+4,744+74.7%Added
Richard Bernstein Advisors LLC11,169$1.20M0.04%−1,419−11.3%Reduced
Two Sigma Securities, LLC11,329$1.22M0.17%+11,329New
Williams Jones Wealth Management, LLC.11,525$1.24M0.01%−3,475−23.2%Reduced
Jefferies Financial Group Inc.11,635$1.25M0.01%+11,635New
Lecap Asset Management Ltd11,796$1.27M0.51%−13,907−54.1%Reduced
Fieldview Capital Management, LLC11,936$1.28M0.22%+11,936New
Bank of Nova Scotia11,966$1.29M0.00%−87,874−88.0%Reduced
Headlands Technologies LLC12,048$1.30M0.11%−8,258−40.7%Reduced
Public Employees Retirement Association of Colorado12,210$1.31M0.00%−125,874−91.2%Reduced