Who Owns Tradeweb Markets Inc. (TW)?Hedge Fund & Institutional Holders

$124.42+0.70 (+0.57%)Financial ServicesNASDAQ

Institutional Holders

50

as of Q4 2025

Total Institutional Value

$InfinityT

% of Float Held

Infinity%

QoQ Change in Holders

+9 / -1

Price History

$99.48$111.87$124.25$136.63$149.02Sep 24Jun 25Mar 26

TW — Biggest New Institutional Buyers This Quarter

FundActionShares AddedValue Added
Entropy Technologies, LPIncreased+13K+$2.0T
VIKING GLOBAL INVESTORS LPNew Position+2.8M+$297.7B
CANTILLON CAPITAL MANAGEMENT LLCNew Position+2.7M+$289.1B
NORDEA INVESTMENT MANAGEMENT ABNew Position+1.6M+$174.8B
Ninety One UK LtdNew Position+1.6M+$174.4B
AQR CAPITAL MANAGEMENT LLCIncreased+1.4M+$144.8B
Carmignac GestionIncreased+955K+$98.3B
Mawer Investment Management Ltd.New Position+531K+$57.0B
Stephens Investment Management Group LLCNew Position+490K+$52.7B
Grantham, Mayo, Van Otterloo & Co. LLCIncreased+550K+$51.5B
UBS Group AGIncreased+489K+$51.0B
AustralianSuper Pty LtdNew Position+450K+$48.0B
Fisher Funds Management LTDNew Position+348K+$37.7B
BROWN BROTHERS HARRIMAN & COIncreased+306K+$32.0B
Sumitomo Mitsui Trust Group, Inc.New Position+294K+$31.6B

TW — Institutions Reducing or Closing Positions

FundActionShares SoldValue Sold
FRANKLIN RESOURCES INCDecreased-1.4M-$168.6B
JPMORGAN CHASE & CODecreased-1.2M-$143.8B
VOYA INVESTMENT MANAGEMENT LLCDecreased-1.2M-$137.9B
RENAISSANCE TECHNOLOGIES LLCDecreased-1.1M-$119.5B
Qube Research & Technologies LtdDecreased-457K-$104.1B
Invesco Ltd.Decreased-642K-$72.0B
AMERICAN CENTURY COMPANIES INCDecreased-385K-$48.2B
GOLDMAN SACHS GROUP INCDecreased-382K-$45.5B
Squarepoint Ops LLCDecreased-202K-$45.4B
CIBC Bancorp USA Inc.Closed Position-391K-$43.4B
JANE STREET GROUP, LLCDecreased-127K-$43.3B
ROYAL BANK OF CANADADecreased-224K-$26.4B
Praesidium Investment Management Company, LLCDecreased-38K-$24.9B
HARDING LOEVNER LPDecreased-182K-$24.7B
Fiera Capital CorpDecreased-172K-$22.1B

Top Institutional Holders(Q4 2025)

#FundSharesValue% of PortfolioType
1Entropy Technologies, LP24,499$2.0T0.11%Share
2WELLINGTON MANAGEMENT GROUP LLP7,990,157$859.0B0.15%Share
3VIKING GLOBAL INVESTORS LP2,768,659$297.7B0.79%Share
4Grantham, Mayo, Van Otterloo & Co. LLC2,518,721$270.0B0.69%Share
5Carmignac Gestion2,214,400$238.1B3.22%Share
6Capital World Investors2,075,580$223.0B0.03%Share
7FRANKLIN RESOURCES INC2,005,769$215.0B0.05%Share
8AQR CAPITAL MANAGEMENT LLC1,804,110$194.0B0.10%Share
9CANTILLON CAPITAL MANAGEMENT LLC1,761,037$189.4B1.02%Share
10Ninety One UK Ltd1,621,694$174.4B0.37%Share
11TD ASSET MANAGEMENT INC1,432,684$154.0B0.12%Share
12AMERICAN CENTURY COMPANIES INC1,410,527$151.0B0.08%Share
13Champlain Investment Partners, LLC1,216,346$130.8B1.32%Share
14JPMORGAN CHASE & CO1,178,728$126.0B0.01%Share
15HARDING LOEVNER LP1,121,185$120.0B1.06%Share
16NORDEA INVESTMENT MANAGEMENT AB969,198$104.5B0.09%Share
17CHARLES SCHWAB INVESTMENT MANAGEMENT INC932,336$100.0B0.02%Share
18CANTILLON CAPITAL MANAGEMENT LLC927,208$99.7B0.54%Share
19UBS Group AG838,343$90.2B0.01%Share
20KENSICO CAPITAL MANAGEMENT CORP728,100$78.3B1.33%Share
21NOMURA ASSET MANAGEMENT CO LTD617,530$66.0B0.17%Share
22TWO SIGMA INVESTMENTS, LP597,825$64.0B0.09%Share
23RENAISSANCE TECHNOLOGIES LLC592,518$63.0B0.10%Share
24FIL Ltd563,257$60.0B0.04%Share
25WELLINGTON MANAGEMENT GROUP LLP559,400$60.0B0.01%Share
26HMI Capital Management, L.P.532,000$57.2B4.70%Share
27Mawer Investment Management Ltd.531,171$57.0B0.32%Share
28Square Wave Capital, LLC525,600$56.5B13.14%Share
29NORTHERN TRUST CORP513,990$55.0B0.01%Share
30NORDEA INVESTMENT MANAGEMENT AB508,832$54.9B0.05%Share
31VICTORY CAPITAL MANAGEMENT INC505,435$54.0B0.03%Share
32FMR LLC495,375$53.0B0.00%Share
33Stephens Investment Management Group LLC489,841$52.7B0.69%Share
34Focus Partners Wealth457,493$49.0B0.06%Share
35AustralianSuper Pty Ltd449,823$48.0B0.22%Share
36Fiera Capital Corp430,509$46.0B0.15%Share
37Neuberger Berman Group LLC432,051$46.0B0.03%Share
38PRIMECAP MANAGEMENT CO/CA/420,272$45.2B0.03%Share
39D. E. Shaw & Co., Inc.414,091$44.0B0.02%Share
40BAMCO INC /NY/381,337$41.0B0.11%Share
41DIMENSIONAL FUND ADVISORS LP372,106$40.0B0.01%Share
42MILLENNIUM MANAGEMENT LLC368,189$39.0B0.02%Share
43CIBC Private Wealth Group LLC357,060$38.0B0.06%Share
44Fisher Funds Management LTD348,380$37.7B0.97%Share
45WELLINGTON MANAGEMENT GROUP LLP345,915$37.0B0.01%Share
46CAISSE DE DEPOT ET PLACEMENT DU QUEBEC340,318$36.0B0.06%Share
47BANK OF AMERICA CORP /DE/298,726$32.0B0.00%Share
48CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM303,827$32.0B0.02%Share
49BROWN BROTHERS HARRIMAN & CO305,929$32.0B0.17%Share
50Sumitomo Mitsui Trust Group, Inc.293,501$31.6B0.02%Share

TW Institutional Ownership History

QuarterHoldersTotal ValueChange
Q4 2025544$8.4T+177
Q3 2025367$6.0T-121
Q2 2025488$7.2T-49
Q1 2025537$11.3T+57
Q4 2024480$17.7T+111
Q3 2024369$176.2T+12
Q2 2024357$320.4T+6
Q1 2024351$143.2T—

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As of Q4 2025, 50 institutional investors hold TW (Tradeweb Markets Inc.). The largest holder is Entropy Technologies, LP with $2.0T in shares. This quarter, 9 institutions opened new positions and 1 closed their positions.

Frequently Asked Questions

How many hedge funds own TW?

As of Q4 2025, 50 institutional investors report holding TW (Tradeweb Markets Inc.) in their 13F filings.

Who is the largest institutional holder of TW?

The largest institutional holder of TW is Entropy Technologies, LP with $2.0T in shares.

Is institutional ownership of TW increasing or decreasing?

This quarter, 9 institutions opened new positions in TW and 1 closed their positions.