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 |
|---|---|---|---|---|---|
| Engineers Gate Manager LP | 43,339 | $4.66M | 0.06% | −151,102−77.7% | Reduced |
| Creative Planning | 43,556 | $4.68M | 0.00% | +33,469+331.8% | Added |
| Cerity Partners LLC | 43,863 | $4.72M | 0.01% | +27,930+175.3% | Added |
| SG Americas Securities, LLC | 43,891 | $4.72M | 0.01% | +28,264+180.9% | Added |
| Fjarde Ap-Fonden /Fourth Swedish National Pension Fund | 44,159 | $4.75M | 0.04% | +300+0.7% | Added |
| BNP Paribas Arbitrage, SA | 45,452 | $4.89M | 0.00% | −12,159−21.1% | Reduced |
| Meiji Yasuda Asset Management Co Ltd. | 45,814 | $4.93M | 0.24% | −3,322−6.8% | Reduced |
| Mariner, LLC | 46,170 | $4.97M | 0.01% | +40,202+673.6% | Added |
| Aquatic Capital Management LLC | 47,014 | $5.06M | 0.14% | −108,191−69.7% | Reduced |
| Munro Partners | 48,070 | $5.17M | 0.14% | −1,000−2.0% | Reduced |
| Alliancebernstein L.P. | 48,111 | $5.17M | 0.00% | −383−0.8% | Reduced |
| Mitsubishi UFJ Trust & Banking Corp | 48,213 | $5.18M | 0.01% | −7,310−13.2% | Reduced |
| Nutshell Asset Management Ltd | 48,457 | $5.21M | 1.86% | −41,500−46.1% | Reduced |
| CWM, LLC | 48,519 | $5.22M | 0.01% | +46,430+2,222.6% | Added |
| Treasurer of the State of North Carolina | 48,851 | $5.25M | 0.02% | −3,572−6.8% | Reduced |
| Seilern Investment Management Ltd | 48,939 | $5.26M | 0.41% | +48,939 | New |
| APG Asset Management N.V. | 59,567 | $5.45M | 0.02% | −6,033−9.2% | Reduced |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 51,586 | $5.56M | 0.01% | −1,598−3.0% | Reduced |
| Pinnacle Financial Partners, Inc. | 51,736 | $5.56M | 0.04% | +51,736 | New |
| Ninety One SA (PTY) Ltd | 53,253 | $5.73M | 0.25% | 00.0% | Unchanged |
| Envestnet Asset Management Inc | 53,842 | $5.79M | 0.00% | −24,724−31.5% | Reduced |
| Prudential PLC | 53,896 | $5.80M | 0.05% | +49,299+1,072.4% | Added |
| Bank Julius Baer & Co. Ltd, Zurich | 55,543 | $5.98M | 0.02% | −5,606−9.2% | Reduced |
| Omers Administration Corp | 55,924 | $6.01M | 0.04% | +39,463+239.7% | Added |
| STRS Ohio | 56,993 | $6.13M | 0.02% | −286,995−83.4% | Reduced |
| Pictet Asset Management Holding SA | 59,936 | $6.45M | 0.01% | −3,133−5.0% | Reduced |
| Connor, Clark & Lunn Investment Management Ltd. | 60,032 | $6.46M | 0.02% | +11,978+24.9% | Added |
| ExodusPoint Capital Management, LP | 60,277 | $6.48M | 0.07% | +60,277 | New |
| Asset Management One Co.,Ltd. | 60,846 | $6.59M | 0.02% | −6,771−10.0% | Reduced |
| Danske Bank A/S | 63,344 | $6.81M | 0.02% | +7,300+13.0% | Added |
| State of Wisconsin Investment Board | 63,732 | $6.85M | 0.02% | +709+1.1% | Added |
| Aviva PLC | 64,176 | $6.90M | 0.01% | +4,474+7.5% | Added |
| Wealth Enhancement Advisory Services, LLC | 62,600 | $6.93M | 0.01% | +48,293+337.5% | Added |
| Twinbeech Capital LP | 65,720 | $7.07M | 0.50% | −90,119−57.8% | Reduced |
| SeaTown Holdings Pte. Ltd. | 65,800 | $7.08M | 4.11% | 00.0% | Unchanged |
| GDS Wealth Management | 66,530 | $7.15M | 0.45% | −4,471−6.3% | Reduced |
| New York State Common Retirement Fund | 66,929 | $7.20M | 0.01% | −87,155−56.6% | Reduced |
| Montanaro Asset Management Ltd | 69,500 | $7.47M | 2.08% | +4,500+6.9% | Added |
| AIA Group Ltd | 71,609 | $7.70M | 0.12% | +67,981+1,873.8% | Added |
| Torray LLC | 72,041 | $7.75M | 1.11% | +56,426+361.4% | Added |
| Moran Wealth Management, LLC | 72,115 | $7.76M | 0.24% | +72,115 | New |
| Korea Investment CORP | 75,213 | $8.09M | 0.02% | −10,354−12.1% | Reduced |
| Sequoia Financial Advisors, LLC | 75,274 | $8.09M | 0.05% | +8,206+12.2% | Added |
| Assetmark, Inc | 76,833 | $8.26M | 0.02% | −25,717−25.1% | Reduced |
| Intech Investment Management LLC | 77,141 | $8.30M | 0.07% | +170+0.2% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 78,525 | $8.44M | 0.01% | +53,462+213.3% | Added |
| Thrivent Financial for Lutherans | 84,225 | $9.06M | 0.02% | −650,477−88.5% | Reduced |
| Man Group plc | 85,069 | $9.15M | 0.02% | −8,463−9.0% | Reduced |
| Robeco Institutional Asset Management B.V. | 91,663 | $9.86M | 0.01% | −80,404−46.7% | Reduced |
| Raymond James Financial Inc | 92,793 | $9.98M | 0.00% | −17,935−16.2% | Reduced |
| Russell Investments Group, Ltd. | 95,727 | $10.3M | 0.01% | −4,926−4.9% | Reduced |
| State Board of Administration of Florida Retirement System | 100,384 | $10.8M | 0.02% | −506−0.5% | Reduced |
| VGI Partners Ltd | 105,761 | $11.4M | 0.66% | +11,313+12.0% | Added |
| Sone Capital Management, LLC | 106,959 | $11.5M | 0.93% | −140,522−56.8% | Reduced |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 108,724 | $11.5M | 0.01% | −120−0.1% | Reduced |
| HSBC Holdings PLC | 107,602 | $11.6M | 0.01% | +55,093+104.9% | Added |
| Lakehouse Capital Pty Ltd | 108,875 | $11.7M | 8.44% | +27,995+34.6% | Added |
| Capital Fund Management S.A. | 109,677 | $11.8M | 0.11% | +9,458+9.4% | Added |
| Citigroup Inc | 111,522 | $12.0M | 0.01% | −12,097−9.8% | Reduced |
| SEI Investments Co | 112,779 | $12.1M | 0.01% | −58,775−34.3% | Reduced |
| Barclays PLC | 113,650 | $12.2M | 0.00% | −11,897−9.5% | Reduced |
| Worldquant Millennium Advisors LLC | 115,175 | $12.4M | 0.05% | +67,645+142.3% | Added |
| Susquehanna International Group, LLP | 118,279 | $12.7M | 0.02% | −15,129−11.3% | Reduced |
| Jain Global LLC | 124,513 | $13.4M | 0.13% | +90,674+268.0% | Added |
| Rhumbline Advisers | 131,174 | $14.1M | 0.01% | −6,898−5.0% | Reduced |
| Blair William & Co | 135,033 | $14.5M | 0.04% | −11,869−8.1% | Reduced |
| Wilson Asset Management (International) Pty Ltd | 148,081 | $15.9M | 4.09% | 00.0% | Unchanged |
| Ameriprise Financial Inc | 150,323 | $16.2M | 0.00% | +4,151+2.8% | Added |
| Andra AP-fonden | 151,100 | $16.2M | 0.20% | −100,400−39.9% | Reduced |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 155,382 | $16.7M | 0.13% | +11,217+7.8% | Added |
| Voya Investment Management LLC | 167,545 | $18.0M | 0.02% | −1,232,031−88.0% | Reduced |
| Carnegie Capital Asset Management, LLC | 171,357 | $18.4M | 0.34% | +4,852+2.9% | Added |
| Nuveen, LLC | 175,342 | $18.9M | 0.00% | −31,784−15.3% | Reduced |
| Gotham Asset Management, LLC | 175,644 | $18.9M | 0.07% | +133,805+319.8% | Added |
| Canada Pension Plan Investment Board | 176,039 | $18.9M | 0.01% | +5,133+3.0% | Added |
| California State Teachers Retirement System | 181,890 | $19.6M | 0.02% | −9,613−5.0% | Reduced |
| Credit Agricole S A | 183,789 | $19.8M | 0.05% | +25,420+16.1% | Added |
| Praesidium Investment Management Company, LLC | 186,840 | $20.1M | 3.72% | −37,851−16.8% | Reduced |
| Vinva Investment Management Ltd | 199,159 | $21.5M | 0.27% | +53,830+37.0% | Added |
| Altshuler Shaham Ltd | 205,000 | $22.0M | 0.34% | 00.0% | Unchanged |
| Squarepoint Ops LLC | 207,306 | $22.3M | 0.04% | −201,847−49.3% | Reduced |
| Invesco Ltd. | 213,263 | $22.9M | 0.00% | −641,794−75.1% | Reduced |
| Norinchukin Bank, The | 213,907 | $23.0M | 0.27% | +55,410+35.0% | Added |
| Marshall Wace, LLP | 219,038 | $23.6M | 0.02% | +219,038 | New |
| Amundi | 224,203 | $24.1M | 0.01% | +13,115+6.2% | Added |
| Renaissance Group LLC | 232,856 | $25.0M | 1.01% | −4,468−1.9% | Reduced |
| Deutsche Bank AG | 242,665 | $26.1M | 0.01% | +28,605+13.4% | Added |
| Tudor Investment Corp Et Al | 249,143 | $26.8M | 0.15% | +9,253+3.9% | Added |
| American Capital Management Inc | 258,715 | $27.8M | 1.23% | −7,291−2.7% | Reduced |
| Legal & General Group Plc | 261,136 | $28.1M | 0.01% | −31,456−10.8% | Reduced |
| Jane Street Group, LLC | 262,910 | $28.3M | 0.03% | −127,319−32.6% | Reduced |
| Sumitomo Mitsui Trust Holdings, Inc. | 293,501 | $31.6M | 0.02% | +52,884+22.0% | Added |
| California Public Employees Retirement System | 303,827 | $32.7M | 0.02% | −72,552−19.3% | Reduced |
| Brown Brothers Harriman & Co | 305,929 | $32.9M | 0.18% | +305,568+84,644.9% | Added |
| North Reef Capital Management LP | 316,039 | $34.0M | 1.37% | +274,839+667.1% | Added |
| Goldman Sachs Group Inc | 324,455 | $34.9M | 0.00% | −382,445−54.1% | Reduced |
| Caisse de Depot Et Placement du Quebec | 340,318 | $36.6M | 0.06% | +827+0.2% | Added |
| Handelsbanken Fonder AB | 348,300 | $37.5M | 0.11% | −243,913−41.2% | Reduced |
| Bank of New York Mellon Corp | 349,246 | $37.6M | 0.01% | −42,604−10.9% | Reduced |
| Fisher Funds Management LTD | 348,380 | $37.7M | 0.98% | +17,101+5.2% | Added |