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Tradeweb Markets
TW

570 hedge funds and large institutions have $16.9B invested in Tradeweb Markets in 2025 Q2 according to their latest regulatory filings, with 81 funds opening new positions, 202 increasing their positions, 218 reducing their positions, and 55 closing their positions.

New
Increased
Maintained
Reduced
Closed

74% more call options, than puts

Call options by funds: $69.9M | Put options by funds: $40.1M

47% more first-time investments, than exits

New positions opened: 81 | Existing positions closed: 55

4% more funds holding

Funds holding: 550 → 570 (+20)

0.09% more ownership

Funds ownership: 100.42% → 100.51% (+0.09%)

2% less capital invested

Capital invested by funds: $17.3B → $16.9B (-$394M)

7% less repeat investments, than reductions

Existing positions increased: 202 | Existing positions reduced: 218

20% less funds holding in top 10

Funds holding in top 10: 10 → 8 (-2)

Holders
570
Holders Change
+20
Holders Change %
+3.64%
% of All Funds
7.5%
Holding in Top 10
8
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-20%
% of All Funds
0.11%
New
81
Increased
202
Reduced
218
Closed
55
Calls
$69.9M
Puts
$40.1M
Net Calls
+$29.8M
Net Calls Change
-$91.2M

Top Buyers

Rank Fund Capital Flow
1
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
+$230M
2
TD Asset Management
TD Asset Management
Ontario, Canada
+$215M
3
Grantham, Mayo, Van Otterloo & Co (GMO)
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
+$207M
4
Ninety One (UK)
Ninety One (UK)
United Kingdom
+$148M
5
HL
Harding Loevner
New Jersey
+$74.2M

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$351M
2
Artisan Partners
Artisan Partners
Wisconsin
-$89.7M
3
JP Morgan Chase
JP Morgan Chase
New York
-$87.7M
4
ClearBridge Investments
ClearBridge Investments
New York
-$66.8M
5
Amundi
Amundi
France
-$60.6M
Name Holding Trade Value Shares
Change 		Change in
Stake
SC
551
Stephens Consulting
Michigan
$732 +$698 +5 New
TIM
552
Tortoise Investment Management
New York
$732 +$698 +5 New
MMCM
553
Murphy & Mullick Capital Management
New York
$693 +$698 +5 New
PWM
554
Parkworth Wealth Management
California
$586 +$279 +2 +100%
Fifth Third Bancorp
555
Fifth Third Bancorp
Ohio
$586 +$558 +4 New
QWM
556
Quaker Wealth Management
New Jersey
$586 +$558 +4 New
BHWM
557
Bay Harbor Wealth Management
Maryland
$585 +$140 +1 +33%
RWM
558
Rialto Wealth Management
New York
$440 -$140 -1 -25%
AWM
559
Atticus Wealth Management
Florida
$440 +$419 +3 New
PWA
560
Physician Wealth Advisors
Utah
$440 +$419 +3 New
CIAS
561
CBIZ Investment Advisory Services
Ohio
$439 – – –
Pacer Advisors
562
Pacer Advisors
Pennsylvania
$439 – – –
WA
563
Whipplewood Advisors
Colorado
$439 +$419 +3 New
ACA
564
American Capital Advisory
Idaho
$293 -$140 -1 -33%
MCM
565
Manchester Capital Management
Vermont
$293 – – –
PWAM
566
Private Wealth Asset Management
Iowa
$293 – – –
CPG
567
Cornerstone Planning Group
New Jersey
$281 – – –
TPWA
568
Twin Peaks Wealth Advisors
California
$262 +$279 +2 New
HNW
569
High Note Wealth
Minnesota
$146 – – –
SPC
570
Stony Point Capital
New York
– -$34.2M -230,315 Closed
Adage Capital Partners
571
Adage Capital Partners
Massachusetts
– -$26M -175,000 Closed
STP
572
Science & Technology Partners
New York
– -$7.22M -48,600 Closed
WorldQuant Millennium Advisors
573
WorldQuant Millennium Advisors
New York
– -$6.48M -43,623 Closed
FAM
574
Fred Alger Management
New York
– -$4.1M -27,602 Closed
Jane Street
575
Jane Street
New York
– -$3.7M -26,493 Closed
21 22
23
24 25

TW Hedge Fund Activity: Q2 2025 in Review

570 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Tradeweb Markets (TW) for Q2 2025, worth a combined $16.9B — down 2.3% from $17.3B a quarter earlier.

Buyers outnumbered sellers: 81 funds opened new TW positions and 55 closed out — a net gain of 26 holders — while 202 added to existing stakes and 218 trimmed.

The largest buyer was T. Rowe Price Associates, adding an estimated $230M. The largest seller was Wellington Management Group, cutting an estimated $351M.

  • 570 institutional investors held Tradeweb Markets (TW) as of Q2 2025, up from 550 in Q1 2025.
  • Funds reported $16.9B of Tradeweb Markets stock for Q2 2025, down 2.3% quarter-over-quarter.
  • 81 funds opened new Tradeweb Markets positions in Q2 2025 and 55 closed out, a net change of +26 holders.
  • The largest Tradeweb Markets buyer in Q2 2025 was T. Rowe Price Associates, an estimated $230M added.
  • The largest Tradeweb Markets seller in Q2 2025 was Wellington Management Group, an estimated $351M sold.

Based on aggregated 13F filings for Q2 2025.