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MarketAxess Holdings

509 hedge funds and large institutions have $8.05B invested in MarketAxess Holdings in 2025 Q1 according to their latest regulatory filings, with 79 funds opening new positions, 200 increasing their positions, 181 reducing their positions, and 83 closing their positions.

New
Increased
Maintained
Reduced
Closed

113% more call options, than puts

Call options by funds: $40.6M | Put options by funds: $19.1M

100% more funds holding in top 10

Funds holding in top 10: 24 (+2)

10% more repeat investments, than reductions

Existing positions increased: 200 | Existing positions reduced: 181

5% less first-time investments, than exits

New positions opened: 79 | Existing positions closed: 83

1.19% less ownership

Funds ownership: 99.95%98.76% (-1.2%)

2% less funds holding

Funds holding: 518509 (-9)

5% less capital invested

Capital invested by funds: $8.52B → $8.05B (-$463M)

Holders
509
Holders Change
-9
Holders Change %
-1.74%
% of All Funds
6.83%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.05%
New
79
Increased
200
Reduced
181
Closed
83
Calls
$40.6M
Puts
$19.1M
Net Calls
+$21.5M
Net Calls Change
+$24.8M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$953M -$5.84M -27,810 -0.6%
BlackRock
2
BlackRock
New York
$564M -$117M -558,489 -18%
T. Rowe Price Investment Management
3
T. Rowe Price Investment Management
Maryland
$503M +$5.17M +24,606 +1%
Fidelity Investments
4
Fidelity Investments
Massachusetts
$474M -$23.2M -110,620 -5%
VanEck Associates
5
VanEck Associates
New York
$434M +$1.09M +5,180 +0.3%
GAM
6
GuardCap Asset Management
United Kingdom
$330M -$50.5M -240,202 -14%
State Street
7
State Street
Massachusetts
$317M -$34.5M -164,105 -10%
Primecap Management
8
Primecap Management
California
$295M -$1.59M -7,590 -0.6%
Geode Capital Management
9
Geode Capital Management
Massachusetts
$245M +$4.5M +21,442 +2%
Invesco
10
Invesco
Georgia
$196M -$29.4M -140,157 -13%
WA
11
Wasatch Advisors
Utah
$149M +$31.4M +149,327 +28%
FPP
12
Findlay Park Partners
United Kingdom
$147M +$1.91M +9,100 +1%
Millennium Management
13
Millennium Management
New York
$134M +$99.7M +474,776 +329%
Macquarie Group
14
Macquarie Group
Australia
$133M -$22.6M -107,545 -15%
Norges Bank
15
Norges Bank
Norway
$110M -$4.1M -19,528 -4%
Citadel Advisors
16
Citadel Advisors
Florida
$103M +$78.5M +373,757 +372%
Dimensional Fund Advisors
17
Dimensional Fund Advisors
Texas
$102M +$15.3M +72,893 +18%
JP Morgan Chase
18
JP Morgan Chase
New York
$96.3M -$38.9M -185,237 -29%
Two Sigma Investments
19
Two Sigma Investments
New York
$93.1M +$29.9M +142,203 +49%
BAM
20
Burgundy Asset Management
Ontario, Canada
$87.1M +$33.2M +158,240 +65%
Bank of New York Mellon
21
Bank of New York Mellon
New York
$84.2M -$10.9M -51,880 -12%
Charles Schwab
22
Charles Schwab
California
$80.6M +$1.94M +9,244 +3%
NRCM
23
North Reef Capital Management
California
$77.9M +$18.6M +88,682 +33%
Marshall Wace
24
Marshall Wace
United Kingdom
$77.5M -$25.9M -123,099 -26%
CAM
25
Congress Asset Management
Massachusetts
$73.9M +$5.71M +27,177 +9%

MKTX Hedge Fund Activity: Q1 2025 in Review

509 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in MarketAxess Holdings (MKTX) for Q1 2025, worth a combined $8.05B — down 5.4% from $8.52B a quarter earlier.

Sellers outnumbered buyers: 83 funds closed out of MKTX and 79 opened new positions — a net loss of 4 holders — while 181 trimmed existing stakes and 200 added.

The largest buyer was Millennium Management, adding an estimated $99.7M. The largest seller was BlackRock, cutting an estimated $117M.

  • 509 institutional investors held MarketAxess Holdings (MKTX) as of Q1 2025, down from 518 in Q4 2024.
  • Funds reported $8.05B of MarketAxess Holdings stock for Q1 2025, down 5.4% quarter-over-quarter.
  • 79 funds opened new MarketAxess Holdings positions in Q1 2025 and 83 closed out, a net change of -4 holders.
  • The largest MarketAxess Holdings buyer in Q1 2025 was Millennium Management, an estimated $99.7M added.
  • The largest MarketAxess Holdings seller in Q1 2025 was BlackRock, an estimated $117M sold.

Based on aggregated 13F filings for Q1 2025.