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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
CIS
401
Capital International Sarl
California
$266K -$59.8K -465 -16%
FWM
402
Forza Wealth Management
Florida
$252K
N
403
Numerai
California
$249K +$288K +2,242 New
PCM
404
Prana Capital Management
Connecticut
$245K +$284K +2,207 New
WC
405
Westerkirk Capital
$244K
SCA
406
Summit Creek Advisors
Minnesota
$239K -$248K -1,927 -47%
PE
407
Point72 Europe
United Kingdom
$237K +$275K +2,137 New
SFI
408
Siemens Fonds Invest
Germany
$235K -$1.03K -8 -0.4%
SAM
409
Sompo Asset Management
Japan
$235K
PNC Financial Services Group
410
PNC Financial Services Group
Pennsylvania
$234K +$32.9K +256 +14%
Carson Wealth (CWM LLC)
411
Carson Wealth (CWM LLC)
Nebraska
$232K -$428K -3,332 -61%
MGP
412
Metis Global Partners
California
$230K -$16.2K -126 -6%
UM
413
UniSuper Management
Australia
$222K
GKWIM
414
Gerber Kawasaki Wealth & Investment Management
California
$221K -$192K -1,497 -43%
New York State Teachers Retirement System (NYSTRS)
415
New York State Teachers Retirement System (NYSTRS)
New York
$219K
C
416
Covestor
United Kingdom
$219K +$48.7K +379 +24%
BPCE
417
Bank Pictet & Cie (Europe)
Germany
$219K -$30.9K -240 -11%
Envestnet Portfolio Solutions
418
Envestnet Portfolio Solutions
Illinois
$218K -$36.8K -286 -13%
QI
419
Qtron Investments
Massachusetts
$217K +$252K +1,957 New
ATC
420
Argent Trust Co
Tennessee
$216K +$52.3K +407 +26%
SFS
421
Sowell Financial Services
Arkansas
$213K -$677K -5,264 -73%
FCFC
422
First Commonwealth Financial Corp
Pennsylvania
$211K -$15.2K -118 -6%
BFM
423
Boothbay Fund Management
New York
$210K +$243K +1,888 New
ACM
424
Aster Capital Management
United Arab Emirates
$209K +$243K +1,887 New
KPWS
425
Kestra Private Wealth Services
Texas
$208K -$20.1K -156 -8%

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.