SWC
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Square Wave Capital’s Tradeweb Markets TW Stock Holding History

Square Wave Capital’s Portfolio TW Stock Details TW Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		$58.2M Sell
494,815
-30,785
-6% -$3.52M 14.08% 2
2025
Q4 		$56.5M Buy
525,600
+107,737
+26% +$11.6M 13.14% 4
2025
Q3 		$46.4M Buy
417,863
+310,993
+291% +$40M 16.97% 2
2025
Q2 		$15.6M Buy
106,870
+596
+0.6% +$83.2K 15.01% 2
2025
Q1 		$15.8M Buy
106,274
+7,161
+7% +$952K 16.88% 1
2024
Q4 		$13M Buy
+99,113
New +$13.1M 12.51% 4

Other funds holding TW

T. Rowe Price Associates
T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return
Wellington Management Group
Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return
BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
VPM
Vanguard Portfolio Management Malvern, Pennsylvania $1.91T AUM
VCM
Vanguard Capital Management Malvern, Pennsylvania $4.04T AUM
T. Rowe Price Investment Management
T. Rowe Price Investment Management Baltimore, Maryland $145B AUM 22.78% 1-Year Est. Return
AQR Capital Management
AQR Capital Management Greenwich, Connecticut $218B AUM 29.41% 1-Year Est. Return
LP
Linonia Partnership New York $5.38B AUM 20.54% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO) Boston, Massachusetts $39.1B AUM 28.69% 1-Year Est. Return

Square Wave Capital's TW Position: Q1 2026 in Review

Square Wave Capital reduced its Tradeweb Markets (TW) stake by 5.9% in Q1 2026, selling an estimated $3.52M and leaving 494,815 shares worth $58.2M. The position accounts for 14.08% of the portfolio, ranked #2.

Square Wave Capital first reported a position in TW in Q4 2024 and has held it in 6 quarters since. 581 funds tracked by Wall St. Rank hold TW as of Q1 2026.

  • Square Wave Capital held 494,815 shares of Tradeweb Markets worth $58.2M as of Q1 2026.
  • Square Wave Capital sold 30,785 Tradeweb Markets shares in Q1 2026, an estimated $3.52M.
  • Tradeweb Markets made up 14.08% of Square Wave Capital's portfolio in Q1 2026, its #2 holding.
  • Square Wave Capital first reported a position in Tradeweb Markets in Q4 2024 and has held it in 6 quarters since.
  • 581 funds tracked by Wall St. Rank held Tradeweb Markets as of Q1 2026.

Based on Square Wave Capital's 13F filing for Q1 2026, filed 15 May 2026.