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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
WPG Advisers, LLC69$7.42K0.01%−8−10.4%Reduced
Quent Capital, LLC69$7.42K0.00%+41+146.4%Added
International Assets Investment Management, LLC69$7.42K0.00%+69New
Clearstead Advisors, LLC67$7.21K0.00%+65+3,250.0%Added
Flagship Harbor Advisors, LLC64$6.93K0.00%+64New
UMA Financial Services, Inc.56$6.02K0.00%−12−17.6%Reduced
Aviso Financial Inc.54$5.81K0.00%+54New
Legacy Wealth Managment, LLC49$5.27K0.00%00.0%Unchanged
Hantz Financial Services, Inc.45$5.00K0.00%−70−60.9%Reduced
CVA Family Office, LLC44$4.73K0.00%+18+69.2%Added
Fideuram Asset Management (Ireland) dac35$4.56K0.00%+35New
McGuire Capital Advisors Inc34$3.66K0.00%+34New
Sachetta, LLC33$3.55K0.00%+20+153.8%Added
Fortitude Family Office, LLC31$3.33K0.00%+1+3.3%Added
Umb Bank N A29$3.12K0.00%+17+141.7%Added
IFC & Insurance Marketing, Inc.25$3.00K0.00%+25New
Elyxium Wealth, LLC21$2.26K0.00%+21New
Leonteq Securities AG20$2.15K0.00%−11,549−99.8%Reduced
SageView Advisory Group, LLC17$1.83K0.00%+17New
Pinnacle Wealth Planning Services, Inc.17$1.83K0.00%+17New
Cornerstone Financial Management LLC17$1.83K0.00%+17New
MV Capital Management, Inc.15$1.61K0.00%−3−16.7%Reduced
Optima Capital LLC15$1.61K0.00%+15New
Advocate Investing Services LLC14$1.51K0.00%+14New
Prestige Wealth Management Group LLC12$1.29K0.00%00.0%Unchanged
Aspect Partners, LLC12$1.29K0.00%00.0%Unchanged
Bay Harbor Wealth Management, LLC11$1.18K0.00%+7+175.0%Added
Cromwell Holdings LLC10$1.07K0.00%+4+66.7%Added
Avion Wealth10$1.00K0.00%+10New
Private Wealth Management Group, LLC8$8610.00%00.0%Unchanged
Caitong International Asset Management Co., Ltd8$8600.00%−673−98.8%Reduced
Marquette Asset Management, LLC7$7530.00%−15−68.2%Reduced
Cape Investment Advisory, Inc.7$7530.00%+7New
South State Corp.5$5380.00%−3−37.5%Reduced
Murphy & Mullick Capital Management Corp5$5380.00%00.0%Unchanged
Rialto Wealth Management, LLC5$5380.00%+4+400.0%Added
North Star Investment Management Corp.5$5380.00%+5New
Bogart Wealth, LLC5$5380.00%+5New
Johnson Financial Group, Inc.4$4310.00%−9−69.2%Reduced
Principia Wealth Advisory, LLC4$4300.00%−1−20.0%Reduced
Hughes Financial Services, LLC4$4300.00%+4New
Rossby Financial, LCC4$4300.00%+4New
Pacer Advisors, Inc.3$3230.00%00.0%Unchanged
Seneschal Advisors, LLC2$2160.00%00.0%Unchanged
HFM Investment Advisors, LLC2$2160.00%00.0%Unchanged
American Capital Advisory, LLC2$2160.00%+2New
NorthAvenue LLC2$2160.00%+2New
Private Wealth Asset Management, LLC2$2150.00%00.0%Unchanged
Trust Co2$2150.00%+2New
1015 Capital Partners, LLC2$2150.00%+2New
Manchester Capital Management LLC1$1080.00%−21−95.5%Reduced
Quaker Wealth Management, LLC1$1080.00%−1−50.0%Reduced
Ogorek Anthony Joseph5$00.00%00.0%Unchanged
Voloridge Investment Management, LLC0$00.00%−126,855−100.0%Sold out
Magnetar Financial LLC0$00.00%−56,134−100.0%Sold out
Jump Financial, LLC0$00.00%−41,487−100.0%Sold out
Quantbot Technologies LP0$00.00%−34,094−100.0%Sold out
Campbell & CO Investment Adviser LLC0$00.00%−30,667−100.0%Sold out
Perbak Capital Partners LLP0$00.00%−29,678−100.0%Sold out
Edgestream Partners, L.P.0$00.00%−28,976−100.0%Sold out
Schonfeld Strategic Advisors LLC0$00.00%−27,229−100.0%Sold out
Aperture Investors, LLC0$00.00%−19,557−100.0%Sold out
Capstone Investment Advisors, LLC0$00.00%−17,405−100.0%Sold out
Virtu Financial LLC0$00.00%−15,977−100.0%Sold out
Dynamic Technology Lab Private Ltd0$00.00%−14,422−100.0%Sold out
Virtus Investment Advisers, Inc.0$00.00%−13,299−100.0%Sold out
1832 Asset Management L.P.0$00.00%−13,071−100.0%Sold out
Harbour Capital Advisors, LLC0$00.00%−10,937−100.0%Sold out
Achmea Investment Management B.V.0$00.00%−10,206−100.0%Sold out
Standard Life Aberdeen plc0$00.00%−9,213−100.0%Sold out
FORA Capital, LLC0$00.00%−9,083−100.0%Sold out
Sigma Planning Corp0$00.00%−8,921−100.0%Sold out
Sherbrooke Park Advisers LLC0$00.00%−8,749−100.0%Sold out
Ossiam0$00.00%−8,318−100.0%Sold out
Scientech Research LLC0$00.00%−6,626−100.0%Sold out
Federated Hermes, Inc.0$00.00%−6,514−100.0%Sold out
Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna0$00.00%−5,540−100.0%Sold out
Inspire Advisors, LLC0$00.00%−5,486−100.0%Sold out
Concentric Capital Strategies, LP0$00.00%−5,259−100.0%Sold out
Trexquant Investment LP0$00.00%−5,063−100.0%Sold out
Summit Global Investments0$00.00%−4,758−100.0%Sold out
Blueshift Asset Management, LLC0$00.00%−4,430−100.0%Sold out
Fox Run Management, L.L.C.0$00.00%−4,339−100.0%Sold out
R Squared Ltd0$00.00%−3,927−100.0%Sold out
Beirne Wealth Consulting Services, LLC0$00.00%−3,408−100.0%Sold out
Caxton Associates LLP0$00.00%−3,222−100.0%Sold out
Values First Advisors, Inc.0$00.00%−2,751−100.0%Sold out
Eventide Asset Management, LLC0$00.00%−2,676−100.0%Sold out
Empowered Funds, LLC0$00.00%−2,585−100.0%Sold out
Novare Capital Management LLC0$00.00%−2,500−100.0%Sold out
Coldstream Capital Management Inc0$00.00%−2,420−100.0%Sold out
Prana Capital Management, LP0$00.00%−2,207−100.0%Sold out
Gerber Kawasaki Wealth & Investment Management0$00.00%−1,995−100.0%Sold out
New York State Teachers Retirement System0$00.00%−1,971−100.0%Sold out
Pictet & Cie (Europe) SA0$00.00%−1,970−100.0%Sold out
Envestnet Portfolio Solutions, Inc.0$00.00%−1,962−100.0%Sold out
Boothbay Fund Management, LLC0$00.00%−1,888−100.0%Sold out
Kestra Private Wealth Services, LLC0$00.00%−1,873−100.0%Sold out
Advisory Services Network, LLC0$00.00%−1,809−100.0%Sold out
Fulton Bank, N.A.0$00.00%−1,806−100.0%Sold out