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Tradeweb Markets

543 hedge funds and large institutions have $12.7B invested in Tradeweb Markets in 2025 Q3 according to their latest regulatory filings, with 92 funds opening new positions, 179 increasing their positions, 210 reducing their positions, and 111 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more call options, than puts

Call options by funds: $27.9M | Put options by funds: $21.6M

0% more funds holding in top 10

Funds holding in top 10: 88 (0)

2.26% less ownership

Funds ownership: 100.51%98.25% (-2.3%)

5% less funds holding

Funds holding: 570543 (-27)

15% less repeat investments, than reductions

Existing positions increased: 179 | Existing positions reduced: 210

17% less first-time investments, than exits

New positions opened: 92 | Existing positions closed: 111

25% less capital invested

Capital invested by funds: $16.9B → $12.7B (-$4.25B)

Holders
543
Holders Change
-27
Holders Change %
-4.74%
% of All Funds
7.13%
Holding in Top 10
8
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.11%
New
92
Increased
179
Reduced
210
Closed
111
Calls
$27.9M
Puts
$21.6M
Net Calls
+$6.31M
Net Calls Change
-$23.4M
Name Holding Trade Value Shares
Change
Change in
Stake
SI
326
Sava Infond
Slovenia
$649K +$64.3K +500 +9%
MSRPS
327
Maryland State Retirement & Pension System
Maryland
$636K +$39.3K +306 +6%
Lazard Asset Management
328
Lazard Asset Management
New York
$628K -$357K -2,780 -33%
QIM
329
Quantitative Investment Management
Virginia
$619K +$717K +5,579 New
ITFISA
330
Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna
$615K -$1.77M -13,800 -71%
Allspring Global Investments
331
Allspring Global Investments
North Carolina
$612K -$202M -1,572,936 -100%
IA
332
Inspire Advisors
Idaho
$609K -$16.8K -131 -2%
PAS
333
Park Avenue Securities
New York
$605K -$37K -288 -5%
HKAM
334
Horizon Kinetics Asset Management
New York
$586K
CCS
335
Concentric Capital Strategies
Connecticut
$584K +$676K +5,259 New
CGPCS
336
Capital Group Private Client Services
California
$576K -$2.48M -19,256 -79%
Royal London Asset Management
337
Royal London Asset Management
United Kingdom
$570K -$184K -1,431 -22%
TI
338
Trexquant Investment
Connecticut
$562K +$651K +5,063 New
BSB
339
Bangor Savings Bank
Maine
$560K -$4.24K -33 -0.6%
M&T Bank
340
M&T Bank
New York
$547K -$341K -2,650 -35%
FPAS
341
Focus Partners Advisor Solutions
Missouri
$542K +$424K +3,302 +201%
Wolverine Trading
342
Wolverine Trading
Illinois
$542K -$264K -2,056 -30%
AV
343
ASR Vermogensbeheer
Netherlands
$535K -$3.6K -28 -0.6%
SGI
344
Summit Global Investments
Utah
$528K -$31.6K -246 -5%
KHCM
345
Kirtland Hills Capital Management
Ohio
$528K
OSAM
346
O'Shaughnessy Asset Management
Connecticut
$521K -$281K -2,188 -32%
PP
347
Prudential plc
United Kingdom
$510K +$383K +2,979 +184%
National Pension Service
348
National Pension Service
South Korea
$508K +$347K +2,696 +143%
TMAM
349
Tokio Marine Asset Management
Japan
$500K +$19.7K +153 +4%
BAM
350
Blueshift Asset Management
New Jersey
$492K +$569K +4,430 New

TW Hedge Fund Activity: Q3 2025 in Review

543 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Tradeweb Markets (TW) for Q3 2025, worth a combined $12.7B — down 25% from $16.9B a quarter earlier.

Sellers outnumbered buyers: 111 funds closed out of TW and 92 opened new positions — a net loss of 19 holders — while 210 trimmed existing stakes and 179 added.

The largest buyer was T. Rowe Price Associates, adding an estimated $560M. The largest seller was Axiom Investors, exiting entirely with an estimated $277M sold.

  • 543 institutional investors held Tradeweb Markets (TW) as of Q3 2025, down from 570 in Q2 2025.
  • Funds reported $12.7B of Tradeweb Markets stock for Q3 2025, down 25% quarter-over-quarter.
  • 92 funds opened new Tradeweb Markets positions in Q3 2025 and 111 closed out, a net change of -19 holders.
  • The largest Tradeweb Markets buyer in Q3 2025 was T. Rowe Price Associates, an estimated $560M added.
  • The largest Tradeweb Markets seller in Q3 2025 was Axiom Investors, an estimated $277M sold.

Based on aggregated 13F filings for Q3 2025.