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 |
|---|---|---|---|---|---|
| VGI Partners Ltd | 105,761 | $11.4M | 0.66% | +11,313+12.0% | Added |
| State Board of Administration of Florida Retirement System | 100,384 | $10.8M | 0.02% | −506−0.5% | Reduced |
| Russell Investments Group, Ltd. | 95,727 | $10.3M | 0.01% | −4,926−4.9% | Reduced |
| Raymond James Financial Inc | 92,793 | $9.98M | 0.00% | −17,935−16.2% | Reduced |
| Robeco Institutional Asset Management B.V. | 91,663 | $9.86M | 0.01% | −80,404−46.7% | Reduced |
| Man Group plc | 85,069 | $9.15M | 0.02% | −8,463−9.0% | Reduced |
| Thrivent Financial for Lutherans | 84,225 | $9.06M | 0.02% | −650,477−88.5% | Reduced |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 78,525 | $8.44M | 0.01% | +53,462+213.3% | Added |
| Intech Investment Management LLC | 77,141 | $8.30M | 0.07% | +170+0.2% | Added |
| Assetmark, Inc | 76,833 | $8.26M | 0.02% | −25,717−25.1% | Reduced |
| Sequoia Financial Advisors, LLC | 75,274 | $8.09M | 0.05% | +8,206+12.2% | Added |
| Korea Investment CORP | 75,213 | $8.09M | 0.02% | −10,354−12.1% | Reduced |
| Moran Wealth Management, LLC | 72,115 | $7.76M | 0.24% | +72,115 | New |
| Torray LLC | 72,041 | $7.75M | 1.11% | +56,426+361.4% | Added |
| AIA Group Ltd | 71,609 | $7.70M | 0.12% | +67,981+1,873.8% | Added |
| Montanaro Asset Management Ltd | 69,500 | $7.47M | 2.08% | +4,500+6.9% | Added |
| New York State Common Retirement Fund | 66,929 | $7.20M | 0.01% | −87,155−56.6% | Reduced |
| GDS Wealth Management | 66,530 | $7.15M | 0.45% | −4,471−6.3% | Reduced |
| SeaTown Holdings Pte. Ltd. | 65,800 | $7.08M | 4.11% | 00.0% | Unchanged |
| Twinbeech Capital LP | 65,720 | $7.07M | 0.50% | −90,119−57.8% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 62,600 | $6.93M | 0.01% | +48,293+337.5% | Added |
| Aviva PLC | 64,176 | $6.90M | 0.01% | +4,474+7.5% | Added |
| State of Wisconsin Investment Board | 63,732 | $6.85M | 0.02% | +709+1.1% | Added |
| Danske Bank A/S | 63,344 | $6.81M | 0.02% | +7,300+13.0% | Added |
| Asset Management One Co.,Ltd. | 60,846 | $6.59M | 0.02% | −6,771−10.0% | Reduced |
| ExodusPoint Capital Management, LP | 60,277 | $6.48M | 0.07% | +60,277 | New |
| Connor, Clark & Lunn Investment Management Ltd. | 60,032 | $6.46M | 0.02% | +11,978+24.9% | Added |
| Pictet Asset Management Holding SA | 59,936 | $6.45M | 0.01% | −3,133−5.0% | Reduced |
| STRS Ohio | 56,993 | $6.13M | 0.02% | −286,995−83.4% | Reduced |
| Omers Administration Corp | 55,924 | $6.01M | 0.04% | +39,463+239.7% | Added |
| Bank Julius Baer & Co. Ltd, Zurich | 55,543 | $5.98M | 0.02% | −5,606−9.2% | Reduced |
| Prudential PLC | 53,896 | $5.80M | 0.05% | +49,299+1,072.4% | Added |
| Envestnet Asset Management Inc | 53,842 | $5.79M | 0.00% | −24,724−31.5% | Reduced |
| Ninety One SA (PTY) Ltd | 53,253 | $5.73M | 0.25% | 00.0% | Unchanged |
| Pinnacle Financial Partners, Inc. | 51,736 | $5.56M | 0.04% | +51,736 | New |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 51,586 | $5.56M | 0.01% | −1,598−3.0% | Reduced |
| APG Asset Management N.V. | 59,567 | $5.45M | 0.02% | −6,033−9.2% | Reduced |
| Seilern Investment Management Ltd | 48,939 | $5.26M | 0.41% | +48,939 | New |
| Treasurer of the State of North Carolina | 48,851 | $5.25M | 0.02% | −3,572−6.8% | Reduced |
| CWM, LLC | 48,519 | $5.22M | 0.01% | +46,430+2,222.6% | Added |
| Nutshell Asset Management Ltd | 48,457 | $5.21M | 1.86% | −41,500−46.1% | Reduced |
| Mitsubishi UFJ Trust & Banking Corp | 48,213 | $5.18M | 0.01% | −7,310−13.2% | Reduced |
| Alliancebernstein L.P. | 48,111 | $5.17M | 0.00% | −383−0.8% | Reduced |
| Munro Partners | 48,070 | $5.17M | 0.14% | −1,000−2.0% | Reduced |
| Aquatic Capital Management LLC | 47,014 | $5.06M | 0.14% | −108,191−69.7% | Reduced |
| Mariner, LLC | 46,170 | $4.97M | 0.01% | +40,202+673.6% | Added |
| Meiji Yasuda Asset Management Co Ltd. | 45,814 | $4.93M | 0.24% | −3,322−6.8% | Reduced |
| BNP Paribas Arbitrage, SA | 45,452 | $4.89M | 0.00% | −12,159−21.1% | Reduced |
| Fjarde Ap-Fonden /Fourth Swedish National Pension Fund | 44,159 | $4.75M | 0.04% | +300+0.7% | Added |
| SG Americas Securities, LLC | 43,891 | $4.72M | 0.01% | +28,264+180.9% | Added |
| Cerity Partners LLC | 43,863 | $4.72M | 0.01% | +27,930+175.3% | Added |
| Creative Planning | 43,556 | $4.68M | 0.00% | +33,469+331.8% | Added |
| Engineers Gate Manager LP | 43,339 | $4.66M | 0.06% | −151,102−77.7% | Reduced |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 42,739 | $4.60M | 0.01% | −29,278−40.7% | Reduced |
| KLP Kapitalforvaltning AS | 42,600 | $4.58M | 0.02% | 00.0% | Unchanged |
| Advisors Capital Management, LLC | 42,177 | $4.54M | 0.05% | −937−2.2% | Reduced |
| Wells Fargo & Company | 41,608 | $4.47M | 0.00% | −4,792−10.3% | Reduced |
| Mirae Asset Global ETFs Holdings Ltd. | 40,725 | $4.27M | 0.01% | +39,372+2,910.0% | Added |
| Northwestern Mutual Wealth Management Co | 39,336 | $4.23M | 0.00% | +38,514+4,685.4% | Added |
| Ceera Investments, LLC | 39,225 | $4.22M | 1.63% | −7,440−15.9% | Reduced |
| Ieq Capital, LLC | 38,651 | $4.16M | 0.01% | +38,651 | New |
| State of New Jersey Common Pension Fund D | 38,250 | $4.11M | 0.01% | −1,026−2.6% | Reduced |
| Cornerstone Advisors, LLC | 37,715 | $4.06M | 0.14% | +37,715 | New |
| First Trust Advisors LP | 37,375 | $4.02M | 0.00% | −117,382−75.8% | Reduced |
| Allianz Asset Management GmbH | 37,273 | $4.01M | 0.00% | −120,760−76.4% | Reduced |
| Two Sigma Advisers, LP | 37,200 | $4.00M | 0.01% | +8,500+29.6% | Added |
| Lansforsakringar Fondforvaltning AB (publ) | 36,826 | $3.96M | 0.02% | +74+0.2% | Added |
| Nomura Asset Management International Inc. | 36,658 | $3.94M | 0.01% | +36,658 | New |
| Great West Life Assurance Co | 36,573 | $3.93M | 0.01% | −11,903−24.6% | Reduced |
| Roberts Wealth Advisors, LLC | 35,699 | $3.84M | 1.00% | +20,492+134.8% | Added |
| Public Employees Retirement System of Ohio | 35,422 | $3.81M | 0.01% | −2,174−5.8% | Reduced |
| Cumberland Partners Ltd | 34,000 | $3.66M | 0.22% | −57,271−62.7% | Reduced |
| Resona Asset Management Co.,Ltd. | 33,938 | $3.65M | 0.02% | −2,694−7.4% | Reduced |
| Cinctive Capital Management LP | 33,170 | $3.57M | 0.21% | +33,170 | New |
| Alamar Capital Management, LLC | 32,918 | $3.54M | 1.95% | −2,990−8.3% | Reduced |
| PensionDanmark Pensionsforsikringsaktieselskab | 32,350 | $3.48M | 0.03% | +32,350 | New |
| Ensign Peak Advisors, Inc | 32,175 | $3.46M | 0.01% | −29,184−47.6% | Reduced |
| Royal Bank of Canada | 32,166 | $3.46M | 0.00% | −223,891−87.4% | Reduced |
| Arizona State Retirement System | 31,927 | $3.43M | 0.02% | −2,367−6.9% | Reduced |
| XTX Topco Ltd | 31,883 | $3.43M | 0.09% | +31,883 | New |
| Thornburg Investment Management Inc | 31,760 | $3.42M | 0.04% | +3,107+10.8% | Added |
| Osmosis Investment Management UK Ltd | 31,707 | $3.41M | 0.09% | +31,707 | New |
| Wealthfront Advisers LLC | 31,262 | $3.36M | 0.01% | −5,249−14.4% | Reduced |
| LPL Financial LLC | 31,237 | $3.36M | 0.00% | −20,549−39.7% | Reduced |
| Grandeur Peak Global Advisors, LLC | 31,042 | $3.34M | 0.45% | −9,652−23.7% | Reduced |
| Quantinno Capital Management LP | 30,373 | $3.27M | 0.01% | +8,929+41.6% | Added |
| Commerce Bank | 29,617 | $3.19M | 0.02% | −427−1.4% | Reduced |
| Dark Forest Capital Management LP | 28,749 | $3.09M | 0.14% | +4,555+18.8% | Added |
| 2Xideas AG | 28,208 | $3.03M | 0.85% | −17,049−37.7% | Reduced |
| Clear Harbor Asset Management, LLC | 27,700 | $2.98M | 0.20% | −2,701−8.9% | Reduced |
| Canada Post Corp Registered Pension Plan | 27,589 | $2.97M | 0.11% | +4,875+21.5% | Added |
| Taikang Asset Management (Hong Kong) Co Ltd | 27,563 | $2.96M | 0.29% | 00.0% | Unchanged |
| Agf Management Ltd | 27,248 | $2.93M | 0.01% | +27,248 | New |
| Citadel Advisors LLC | 26,668 | $2.87M | 0.00% | −33,078−55.4% | Reduced |
| North Star Asset Management Inc | 26,361 | $2.83M | 0.11% | +26,361 | New |
| Clearbridge Investments, LLC | 25,824 | $2.78M | 0.00% | −1,500−5.5% | Reduced |
| Mn Services Vermogensbeheer B.V. | 25,562 | $2.75M | 0.02% | +3,262+14.6% | Added |
| Assenagon Asset Management S.A. | 25,453 | $2.74M | 0.00% | −36,485−58.9% | Reduced |
| Entropy Technologies, LP | 24,499 | $2.63M | 0.14% | +13,203+116.9% | Added |
| BLI - Banque de Luxembourg Investments | 24,000 | $2.59M | 0.08% | +24,000 | New |