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 |
|---|---|---|---|---|---|
| Dutch Asset Corp | 12,382 | $1.33M | 1.03% | +12,382 | New |
| Cetera Investment Advisers | 12,554 | $1.35M | 0.00% | −681−5.1% | Reduced |
| US Bancorp | 12,575 | $1.35M | 0.00% | +216+1.7% | Added |
| Alberta Investment Management Corp | 12,900 | $1.39M | 0.01% | +12,900 | New |
| Mediolanum International Funds Ltd | 12,937 | $1.40M | 0.01% | +1,604+14.2% | Added |
| Tredje AP-fonden | 13,277 | $1.43M | 0.01% | −19,946−60.0% | Reduced |
| Axq Capital, LP | 13,288 | $1.43M | 0.32% | +5,761+76.5% | Added |
| Elo Mutual Pension Insurance Co | 13,675 | $1.47M | 0.02% | −6,019−30.6% | Reduced |
| Acumen Wealth Advisors, LLC | 13,710 | $1.47M | 0.42% | +13,710 | New |
| Ethic Inc. | 13,811 | $1.49M | 0.02% | −2,226−13.9% | Reduced |
| Xponance, Inc. | 13,812 | $1.49M | 0.01% | +203+1.5% | Added |
| Linden Thomas Advisory Services, LLC | 14,584 | $1.57M | 0.16% | −79−0.5% | Reduced |
| Nissay Asset Management Corp | 15,084 | $1.62M | 0.01% | +116+0.8% | Added |
| Knollwood Investment Advisory, LLC | 15,200 | $1.63M | 0.15% | −6,588−30.2% | Reduced |
| Qsemble Capital Management, LP | 15,426 | $1.66M | 0.14% | −60,544−79.7% | Reduced |
| Captrust Financial Advisors | 15,933 | $1.71M | 0.00% | +9,227+137.6% | Added |
| Ostrum Asset Management | 16,076 | $1.73M | 0.08% | −8,641−35.0% | Reduced |
| Allworth Financial LP | 16,343 | $1.76M | 0.01% | +1,066+7.0% | Added |
| Mirae Asset Global Investments Co., Ltd. | 16,458 | $1.77M | 0.00% | +297+1.8% | Added |
| C WorldWide Group Holding A/S | 16,799 | $1.81M | 0.03% | +16,799 | New |
| Brevan Howard Capital Management LP | 16,943 | $1.82M | 0.03% | −21,136−55.5% | Reduced |
| Illumine Investment Management, LLC | 17,324 | $1.86M | 1.36% | +124+0.7% | Added |
| OP Asset Management Ltd | 17,325 | $1.86M | 0.02% | −4,751−21.5% | Reduced |
| Westpac Banking Corp | 17,433 | $1.87M | 0.12% | +2,576+17.3% | Added |
| Police & Firemen's Retirement System of New Jersey | 17,680 | $1.90M | 0.02% | −1,118−5.9% | Reduced |
| Pinebridge Investments LLC | 17,769 | $1.91M | 0.01% | +17,769 | New |
| Investment Management Corp of Ontario | 18,232 | $1.96M | 0.03% | +2,338+14.7% | Added |
| Swedbank AB | 18,250 | $1.96M | 0.00% | 00.0% | Unchanged |
| Janus Henderson Group PLC | 18,306 | $1.97M | 0.00% | +2,368+14.9% | Added |
| Sciencast Management LP | 18,337 | $1.97M | 0.27% | +5,011+37.6% | Added |
| Bank of Montreal | 18,346 | $1.97M | 0.00% | +3,076+20.1% | Added |
| Balyasny Asset Management LLC | 18,415 | $1.98M | 0.00% | +18,415 | New |
| Meiji Yasuda Life Insurance Co | 18,675 | $2.01M | 0.06% | +3,491+23.0% | Added |
| DekaBank Deutsche Girozentrale | 18,226 | $2.05M | 0.00% | 00.0% | Unchanged |
| Ninety One North America, Inc. | 19,160 | $2.06M | 0.08% | +19,160 | New |
| Sumitomo Life Insurance Co | 19,699 | $2.12M | 0.06% | −4,149−17.4% | Reduced |
| KBC Group NV | 19,759 | $2.13M | 0.00% | −40,331−67.1% | Reduced |
| Brown Advisory Inc | 20,365 | $2.19M | 0.00% | −11,780−36.6% | Reduced |
| Bridges Investment Management Inc | 20,595 | $2.21M | 0.03% | +9,902+92.6% | Added |
| British Columbia Investment Management Corp | 20,633 | $2.22M | 0.01% | +3,897+23.3% | Added |
| Numerai GP LLC | 20,735 | $2.23M | 0.27% | +18,493+824.8% | Added |
| Forsta Ap-Fonden | 20,800 | $2.24M | 0.01% | −2,200−9.6% | Reduced |
| Hennion & Walsh Asset Management, Inc. | 20,909 | $2.25M | 0.08% | −3,627−14.8% | Reduced |
| La Banque Postale Asset Management SA | 20,974 | $2.26M | 0.03% | −11,917−36.2% | Reduced |
| DnB Asset Management AS | 21,402 | $2.30M | 0.01% | 00.0% | Unchanged |
| Skandinaviska Enskilda Banken AB (publ) | 21,497 | $2.31M | 0.01% | −7,071−24.8% | Reduced |
| Summit Trail Advisors, LLC | 21,699 | $2.33M | 0.04% | +1,031+5.0% | Added |
| George Kaiser Family Foundation | 21,983 | $2.36M | 0.32% | +135+0.6% | Added |
| IFM Investors Pty Ltd | 22,172 | $2.38M | 0.02% | 00.0% | Unchanged |
| Evolutionary Tree Capital Management, LLC | 22,343 | $2.40M | 2.79% | +10,034+81.5% | Added |
| Mercer Global Advisors Inc | 22,435 | $2.41M | 0.00% | +11,459+104.4% | Added |
| Taylor Frigon Capital Management LLC | 22,611 | $2.43M | 1.23% | +7,375+48.4% | Added |
| Toronto Dominion Bank | 24,063 | $2.59M | 0.00% | +716+3.1% | Added |
| BLI - Banque de Luxembourg Investments | 24,000 | $2.59M | 0.08% | +24,000 | New |
| Entropy Technologies, LP | 24,499 | $2.63M | 0.14% | +13,203+116.9% | Added |
| Assenagon Asset Management S.A. | 25,453 | $2.74M | 0.00% | −36,485−58.9% | Reduced |
| Mn Services Vermogensbeheer B.V. | 25,562 | $2.75M | 0.02% | +3,262+14.6% | Added |
| Clearbridge Investments, LLC | 25,824 | $2.78M | 0.00% | −1,500−5.5% | Reduced |
| North Star Asset Management Inc | 26,361 | $2.83M | 0.11% | +26,361 | New |
| Citadel Advisors LLC | 26,668 | $2.87M | 0.00% | −33,078−55.4% | Reduced |
| Agf Management Ltd | 27,248 | $2.93M | 0.01% | +27,248 | New |
| Taikang Asset Management (Hong Kong) Co Ltd | 27,563 | $2.96M | 0.29% | 00.0% | Unchanged |
| Canada Post Corp Registered Pension Plan | 27,589 | $2.97M | 0.11% | +4,875+21.5% | Added |
| Clear Harbor Asset Management, LLC | 27,700 | $2.98M | 0.20% | −2,701−8.9% | Reduced |
| 2Xideas AG | 28,208 | $3.03M | 0.85% | −17,049−37.7% | Reduced |
| Dark Forest Capital Management LP | 28,749 | $3.09M | 0.14% | +4,555+18.8% | Added |
| Commerce Bank | 29,617 | $3.19M | 0.02% | −427−1.4% | Reduced |
| Quantinno Capital Management LP | 30,373 | $3.27M | 0.01% | +8,929+41.6% | Added |
| Grandeur Peak Global Advisors, LLC | 31,042 | $3.34M | 0.45% | −9,652−23.7% | Reduced |
| LPL Financial LLC | 31,237 | $3.36M | 0.00% | −20,549−39.7% | Reduced |
| Wealthfront Advisers LLC | 31,262 | $3.36M | 0.01% | −5,249−14.4% | Reduced |
| Osmosis Investment Management UK Ltd | 31,707 | $3.41M | 0.09% | +31,707 | New |
| Thornburg Investment Management Inc | 31,760 | $3.42M | 0.04% | +3,107+10.8% | Added |
| XTX Topco Ltd | 31,883 | $3.43M | 0.09% | +31,883 | New |
| Arizona State Retirement System | 31,927 | $3.43M | 0.02% | −2,367−6.9% | Reduced |
| Royal Bank of Canada | 32,166 | $3.46M | 0.00% | −223,891−87.4% | Reduced |
| Ensign Peak Advisors, Inc | 32,175 | $3.46M | 0.01% | −29,184−47.6% | Reduced |
| PensionDanmark Pensionsforsikringsaktieselskab | 32,350 | $3.48M | 0.03% | +32,350 | New |
| Alamar Capital Management, LLC | 32,918 | $3.54M | 1.95% | −2,990−8.3% | Reduced |
| Cinctive Capital Management LP | 33,170 | $3.57M | 0.21% | +33,170 | New |
| Resona Asset Management Co.,Ltd. | 33,938 | $3.65M | 0.02% | −2,694−7.4% | Reduced |
| Cumberland Partners Ltd | 34,000 | $3.66M | 0.22% | −57,271−62.7% | Reduced |
| Public Employees Retirement System of Ohio | 35,422 | $3.81M | 0.01% | −2,174−5.8% | Reduced |
| Roberts Wealth Advisors, LLC | 35,699 | $3.84M | 1.00% | +20,492+134.8% | Added |
| Great West Life Assurance Co | 36,573 | $3.93M | 0.01% | −11,903−24.6% | Reduced |
| Nomura Asset Management International Inc. | 36,658 | $3.94M | 0.01% | +36,658 | New |
| Lansforsakringar Fondforvaltning AB (publ) | 36,826 | $3.96M | 0.02% | +74+0.2% | Added |
| Two Sigma Advisers, LP | 37,200 | $4.00M | 0.01% | +8,500+29.6% | Added |
| Allianz Asset Management GmbH | 37,273 | $4.01M | 0.00% | −120,760−76.4% | Reduced |
| First Trust Advisors LP | 37,375 | $4.02M | 0.00% | −117,382−75.8% | Reduced |
| Cornerstone Advisors, LLC | 37,715 | $4.06M | 0.14% | +37,715 | New |
| State of New Jersey Common Pension Fund D | 38,250 | $4.11M | 0.01% | −1,026−2.6% | Reduced |
| Ieq Capital, LLC | 38,651 | $4.16M | 0.01% | +38,651 | New |
| Ceera Investments, LLC | 39,225 | $4.22M | 1.63% | −7,440−15.9% | Reduced |
| Northwestern Mutual Wealth Management Co | 39,336 | $4.23M | 0.00% | +38,514+4,685.4% | Added |
| Mirae Asset Global ETFs Holdings Ltd. | 40,725 | $4.27M | 0.01% | +39,372+2,910.0% | Added |
| Wells Fargo & Company | 41,608 | $4.47M | 0.00% | −4,792−10.3% | Reduced |
| Advisors Capital Management, LLC | 42,177 | $4.54M | 0.05% | −937−2.2% | Reduced |
| KLP Kapitalforvaltning AS | 42,600 | $4.58M | 0.02% | 00.0% | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 42,739 | $4.60M | 0.01% | −29,278−40.7% | Reduced |