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 |
|---|---|---|---|---|---|
| Toronto Dominion Bank | 24,063 | $2.59M | 0.00% | +716+3.1% | Added |
| Taylor Frigon Capital Management LLC | 22,611 | $2.43M | 1.23% | +7,375+48.4% | Added |
| Mercer Global Advisors Inc | 22,435 | $2.41M | 0.00% | +11,459+104.4% | Added |
| Evolutionary Tree Capital Management, LLC | 22,343 | $2.40M | 2.79% | +10,034+81.5% | Added |
| IFM Investors Pty Ltd | 22,172 | $2.38M | 0.02% | 00.0% | Unchanged |
| George Kaiser Family Foundation | 21,983 | $2.36M | 0.32% | +135+0.6% | Added |
| Summit Trail Advisors, LLC | 21,699 | $2.33M | 0.04% | +1,031+5.0% | Added |
| Skandinaviska Enskilda Banken AB (publ) | 21,497 | $2.31M | 0.01% | −7,071−24.8% | Reduced |
| DnB Asset Management AS | 21,402 | $2.30M | 0.01% | 00.0% | Unchanged |
| La Banque Postale Asset Management SA | 20,974 | $2.26M | 0.03% | −11,917−36.2% | Reduced |
| Hennion & Walsh Asset Management, Inc. | 20,909 | $2.25M | 0.08% | −3,627−14.8% | Reduced |
| Forsta Ap-Fonden | 20,800 | $2.24M | 0.01% | −2,200−9.6% | Reduced |
| Numerai GP LLC | 20,735 | $2.23M | 0.27% | +18,493+824.8% | Added |
| British Columbia Investment Management Corp | 20,633 | $2.22M | 0.01% | +3,897+23.3% | Added |
| Bridges Investment Management Inc | 20,595 | $2.21M | 0.03% | +9,902+92.6% | Added |
| Brown Advisory Inc | 20,365 | $2.19M | 0.00% | −11,780−36.6% | Reduced |
| KBC Group NV | 19,759 | $2.13M | 0.00% | −40,331−67.1% | Reduced |
| Sumitomo Life Insurance Co | 19,699 | $2.12M | 0.06% | −4,149−17.4% | Reduced |
| Ninety One North America, Inc. | 19,160 | $2.06M | 0.08% | +19,160 | New |
| DekaBank Deutsche Girozentrale | 18,226 | $2.05M | 0.00% | 00.0% | Unchanged |
| Meiji Yasuda Life Insurance Co | 18,675 | $2.01M | 0.06% | +3,491+23.0% | Added |
| Balyasny Asset Management LLC | 18,415 | $1.98M | 0.00% | +18,415 | New |
| Bank of Montreal | 18,346 | $1.97M | 0.00% | +3,076+20.1% | Added |
| Sciencast Management LP | 18,337 | $1.97M | 0.27% | +5,011+37.6% | Added |
| Janus Henderson Group PLC | 18,306 | $1.97M | 0.00% | +2,368+14.9% | Added |
| Swedbank AB | 18,250 | $1.96M | 0.00% | 00.0% | Unchanged |
| Investment Management Corp of Ontario | 18,232 | $1.96M | 0.03% | +2,338+14.7% | Added |
| Pinebridge Investments LLC | 17,769 | $1.91M | 0.01% | +17,769 | New |
| Police & Firemen's Retirement System of New Jersey | 17,680 | $1.90M | 0.02% | −1,118−5.9% | Reduced |
| Westpac Banking Corp | 17,433 | $1.87M | 0.12% | +2,576+17.3% | Added |
| OP Asset Management Ltd | 17,325 | $1.86M | 0.02% | −4,751−21.5% | Reduced |
| Illumine Investment Management, LLC | 17,324 | $1.86M | 1.36% | +124+0.7% | Added |
| Brevan Howard Capital Management LP | 16,943 | $1.82M | 0.03% | −21,136−55.5% | Reduced |
| C WorldWide Group Holding A/S | 16,799 | $1.81M | 0.03% | +16,799 | New |
| Mirae Asset Global Investments Co., Ltd. | 16,458 | $1.77M | 0.00% | +297+1.8% | Added |
| Allworth Financial LP | 16,343 | $1.76M | 0.01% | +1,066+7.0% | Added |
| Ostrum Asset Management | 16,076 | $1.73M | 0.08% | −8,641−35.0% | Reduced |
| Captrust Financial Advisors | 15,933 | $1.71M | 0.00% | +9,227+137.6% | Added |
| Qsemble Capital Management, LP | 15,426 | $1.66M | 0.14% | −60,544−79.7% | Reduced |
| Knollwood Investment Advisory, LLC | 15,200 | $1.63M | 0.15% | −6,588−30.2% | Reduced |
| Nissay Asset Management Corp | 15,084 | $1.62M | 0.01% | +116+0.8% | Added |
| Linden Thomas Advisory Services, LLC | 14,584 | $1.57M | 0.16% | −79−0.5% | Reduced |
| Xponance, Inc. | 13,812 | $1.49M | 0.01% | +203+1.5% | Added |
| Ethic Inc. | 13,811 | $1.49M | 0.02% | −2,226−13.9% | Reduced |
| Acumen Wealth Advisors, LLC | 13,710 | $1.47M | 0.42% | +13,710 | New |
| Elo Mutual Pension Insurance Co | 13,675 | $1.47M | 0.02% | −6,019−30.6% | Reduced |
| Axq Capital, LP | 13,288 | $1.43M | 0.32% | +5,761+76.5% | Added |
| Tredje AP-fonden | 13,277 | $1.43M | 0.01% | −19,946−60.0% | Reduced |
| Mediolanum International Funds Ltd | 12,937 | $1.40M | 0.01% | +1,604+14.2% | Added |
| Alberta Investment Management Corp | 12,900 | $1.39M | 0.01% | +12,900 | New |
| US Bancorp | 12,575 | $1.35M | 0.00% | +216+1.7% | Added |
| Cetera Investment Advisers | 12,554 | $1.35M | 0.00% | −681−5.1% | Reduced |
| Dutch Asset Corp | 12,382 | $1.33M | 1.03% | +12,382 | New |
| Public Employees Retirement Association of Colorado | 12,210 | $1.31M | 0.00% | −125,874−91.2% | Reduced |
| Headlands Technologies LLC | 12,048 | $1.30M | 0.11% | −8,258−40.7% | Reduced |
| Bank of Nova Scotia | 11,966 | $1.29M | 0.00% | −87,874−88.0% | Reduced |
| Fieldview Capital Management, LLC | 11,936 | $1.28M | 0.22% | +11,936 | New |
| Lecap Asset Management Ltd | 11,796 | $1.27M | 0.51% | −13,907−54.1% | Reduced |
| Jefferies Financial Group Inc. | 11,635 | $1.25M | 0.01% | +11,635 | New |
| Williams Jones Wealth Management, LLC. | 11,525 | $1.24M | 0.01% | −3,475−23.2% | Reduced |
| Two Sigma Securities, LLC | 11,329 | $1.22M | 0.17% | +11,329 | New |
| Richard Bernstein Advisors LLC | 11,169 | $1.20M | 0.04% | −1,419−11.3% | Reduced |
| Diversified Trust Co | 11,097 | $1.19M | 0.02% | +4,744+74.7% | Added |
| Merit Financial Group, LLC | 10,901 | $1.17M | 0.01% | +10,901 | New |
| JustInvest LLC | 10,669 | $1.15M | 0.01% | −947−8.2% | Reduced |
| Polymer Capital Management (US) LLC | 10,605 | $1.14M | 0.15% | +3,147+42.2% | Added |
| Gsa Capital Partners LLP | 10,526 | $1.13M | 0.10% | +10,526 | New |
| Catalyst Funds Management Pty Ltd | 10,400 | $1.12M | 0.26% | 00.0% | Unchanged |
| Swiss Life Asset Management Ltd | 10,336 | $1.11M | 0.01% | −2,054−16.6% | Reduced |
| Quest Partners LLC | 10,150 | $1.09M | 0.06% | +8,726+612.8% | Added |
| Mackenzie Financial Corp | 9,960 | $1.07M | 0.00% | +2,255+29.3% | Added |
| Daiwa Securities Group Inc. | 9,867 | $1.06M | 0.00% | 00.0% | Unchanged |
| Y-Intercept (Hong Kong) Ltd | 9,744 | $1.05M | 0.02% | −66,407−87.2% | Reduced |
| Maridea Wealth Management LLC | 9,723 | $1.05M | 0.16% | +2,999+44.6% | Added |
| Lido Advisors, LLC | 9,362 | $1.02M | 0.00% | −31−0.3% | Reduced |
| Raiffeisen Bank International AG | 9,474 | $1.02M | 0.01% | −11,078−53.9% | Reduced |
| GAM Holding AG | 9,454 | $1.02M | 0.06% | +1,759+22.9% | Added |
| ABN AMRO Bank N.V. | 9,350 | $1.00M | 0.01% | −495−5.0% | Reduced |
| Storebrand Asset Management AS | 9,289 | $998.9K | 0.00% | −7,203−43.7% | Reduced |
| Toroso Investments, LLC | 8,804 | $946.8K | 0.00% | +1,444+19.6% | Added |
| Candriam Luxembourg S.C.A. | 8,762 | $942.3K | 0.00% | −875−9.1% | Reduced |
| Pier Capital, LLC | 8,452 | $908.9K | 0.15% | +585+7.4% | Added |
| Pathstone Holdings, LLC | 8,446 | $908.3K | 0.00% | −4,863−36.5% | Reduced |
| Private Trust Co NA | 8,413 | $904.7K | 0.08% | +252+3.1% | Added |
| Banque Pictet & Cie SA | 8,342 | $897.1K | 0.01% | −1,960−19.0% | Reduced |
| Allstate Corp | 8,271 | $889.5K | 0.01% | +4,100+98.3% | Added |
| Malaga Cove Capital, LLC | 8,036 | $864.2K | 0.30% | −261−3.1% | Reduced |
| National Pension Service | 7,917 | $851.4K | 0.00% | +3,336+72.8% | Added |
| Frank, Rimerman Advisors LLC | 7,873 | $846.7K | 0.05% | +1,971+33.4% | Added |
| Quadrant Capital Group LLC | 7,848 | $844.0K | 0.03% | +6,575+516.5% | Added |
| Buckingham Strategic Partners | 7,796 | $838.4K | 0.01% | +2,850+57.6% | Added |
| Kentucky Retirement Systems | 7,320 | $787.2K | 0.02% | 00.0% | Unchanged |
| Atria Investments LLC | 7,113 | $764.9K | 0.01% | −1,326−15.7% | Reduced |
| Vontobel Holding Ltd. | 7,096 | $763.1K | 0.00% | −1,321−15.7% | Reduced |
| LGT Group Foundation | 7,034 | $758.7K | 0.01% | −954−11.9% | Reduced |
| M&T Bank Corp | 7,014 | $754.0K | 0.00% | +2,082+42.2% | Added |
| Regal Investment Advisors LLC | 7,001 | $752.9K | 0.05% | +7,001 | New |
| HRT Financial LP | 6,989 | $751.0K | 0.00% | −9,241−56.9% | Reduced |
| Quantitative Investment Management, LLC | 6,888 | $740.0K | 0.07% | +1,309+23.5% | Added |
| Point72 Asset Management, L.P. | 6,792 | $730.4K | 0.00% | +6,792 | New |