We are live on ! Find out more
TW icon

Tradeweb Markets

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: 550570 (+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: 108 (-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
Name Holding Trade Value Shares
Change
Change in
Stake
California Public Employees Retirement System
51
California Public Employees Retirement System
California
$63.5M -$12.3M -88,038 -17%
VNIM
52
Vaughan Nelson Investment Management
Texas
$61.9M -$14.6M -104,504 -20%
Focus Partners Wealth
53
Focus Partners Wealth
Massachusetts
$60.3M -$7.95M -57,005 -12%
CIBC Private Wealth Group
54
CIBC Private Wealth Group
Georgia
$58M -$13.4M -95,773 -19%
PL
55
Perpetual Ltd
Australia
$57.8M +$55.1M +394,969 New
BAMCO Inc
56
BAMCO Inc
New York
$57.7M +$368K +2,641 +0.7%
Caisse de Depot et Placement du Quebec (CDPQ)
57
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$53.6M -$13.8M -98,711 -21%
Dimensional Fund Advisors
58
Dimensional Fund Advisors
Texas
$53M +$1.78M +12,767 +4%
AQR Capital Management
59
AQR Capital Management
Connecticut
$52.1M +$36.3M +260,268 +272%
Teacher Retirement System of Texas
60
Teacher Retirement System of Texas
Texas
$50.5M -$12.6M -90,117 -21%
Los Angeles Capital Management
61
Los Angeles Capital Management
California
$49.5M +$5.99M +42,919 +15%
Qube Research & Technologies (QRT)
62
Qube Research & Technologies (QRT)
United Kingdom
$48.1M -$12.1M -86,769 -21%
Fidelity International
63
Fidelity International
Bermuda
$44.8M -$3.96M -28,351 -8%
First Trust Advisors
64
First Trust Advisors
Illinois
$44.1M +$1.79M +12,821 +4%
Legal & General Group
65
Legal & General Group
United Kingdom
$43.6M -$954K -6,838 -2%
SEI Investments
66
SEI Investments
Pennsylvania
$42.9M -$6.78M -48,619 -14%
ACM
67
American Capital Management
New York
$42.4M -$3.39M -24,305 -8%
N
68
Nuveen
North Carolina
$38M -$7.19M -51,554 -17%
Royal Bank of Canada
69
Royal Bank of Canada
Ontario, Canada
$35.1M +$16.5M +118,269 +97%
Sumitomo Mitsui Trust Group
70
Sumitomo Mitsui Trust Group
Japan
$34.6M +$628K +4,498 +2%
PIMC
71
Praesidium Investment Management Company
New York
$34.3M +$4.19M +30,000 +15%
Citadel Advisors
72
Citadel Advisors
Florida
$33.8M +$29.1M +208,842 +951%
Manulife (Manufacturers Life Insurance)
73
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$32.6M +$3.03M +21,720 +11%
KCM
74
Kensico Capital Management
Connecticut
$32.2M -$1.17M -8,400 -4%
RG
75
Renaissance Group
Kentucky
$31.8M -$6.74M -48,276 -18%

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.