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MarketAxess Holdings

485 hedge funds and large institutions have $6.62B invested in MarketAxess Holdings in 2025 Q4 according to their latest regulatory filings, with 117 funds opening new positions, 156 increasing their positions, 170 reducing their positions, and 70 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more first-time investments, than exits

New positions opened: 117 | Existing positions closed: 70

65% more call options, than puts

Call options by funds: $33.7M | Put options by funds: $20.4M

50% more funds holding in top 10

Funds holding in top 10: 23 (+1)

8% more funds holding

Funds holding: 450485 (+35)

7% more capital invested

Capital invested by funds: $6.21B → $6.62B (+$404M)

2.96% more ownership

Funds ownership: 95.28%98.24% (+3%)

8% less repeat investments, than reductions

Existing positions increased: 156 | Existing positions reduced: 170

Holders
485
Holders Change
+35
Holders Change %
+7.78%
% of All Funds
5.9%
Holding in Top 10
3
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+50%
% of All Funds
0.04%
New
117
Increased
156
Reduced
170
Closed
70
Calls
$33.7M
Puts
$20.4M
Net Calls
+$13.3M
Net Calls Change
-$156M
Name Holding Trade Value Shares
Change
Change in
Stake
Vanguard Group
1
Vanguard Group
Pennsylvania
$696M -$2.46M -14,423 -0.4%
BlackRock
2
BlackRock
New York
$679M +$324M +1,896,063 +102%
Primecap Management
3
Primecap Management
California
$576M +$161M +944,830 +42%
AQR Capital Management
4
AQR Capital Management
Connecticut
$464M +$274M +1,607,009 +169%
Fidelity Investments
5
Fidelity Investments
Massachusetts
$363M -$23.8M -139,296 -6%
NRCM
6
North Reef Capital Management
California
$292M +$119M +697,972 +77%
State Street
7
State Street
Massachusetts
$226M -$12.3M -72,343 -5%
VanEck Associates
8
VanEck Associates
New York
$220M -$125M -733,666 -38%
GAM
9
GuardCap Asset Management
United Kingdom
$209M -$35.4M -207,686 -15%
Bank of Montreal
10
Bank of Montreal
Ontario, Canada
$172M +$159M +932,687 +5,086%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$151M +$353K +2,071 +0.2%
Citadel Advisors
12
Citadel Advisors
Florida
$113M +$53.8M +315,122 +102%
Neuberger Berman Group
13
Neuberger Berman Group
New York
$99.6M +$93.4M +547,573 +26,504%
JP Morgan Chase
14
JP Morgan Chase
New York
$98.8M +$16.6M +97,439 +22%
FPP
15
Findlay Park Partners
United Kingdom
$97.2M -$18.5M -108,300 -17%
Two Sigma Investments
16
Two Sigma Investments
New York
$96.7M +$28.9M +169,143 +46%
Dimensional Fund Advisors
17
Dimensional Fund Advisors
Texas
$95.5M +$999K +5,852 +1%
Norges Bank
18
Norges Bank
Norway
$91.3M +$86M +503,855 New
Morgan Stanley
19
Morgan Stanley
New York
$77M -$21.2M -124,146 -23%
BNP Paribas Financial Markets
20
BNP Paribas Financial Markets
France
$68.1M -$18.8M -110,371 -23%
Charles Schwab
21
Charles Schwab
California
$57.7M +$553K +3,238 +1%
RC
22
RDST Capital
Washington
$56.3M +$4.97M +29,150 +10%
Millennium Management
23
Millennium Management
New York
$54.7M -$52.2M -305,891 -50%
Bank of New York Mellon
24
Bank of New York Mellon
New York
$54.1M -$13.3M -77,822 -21%
Arrowstreet Capital
25
Arrowstreet Capital
Massachusetts
$52.3M +$4.83M +28,281 +11%