Tradeweb Markets
544 hedge funds and large institutions have $12.7B invested in Tradeweb Markets in 2025 Q3 according to their latest regulatory filings, with 93 funds opening new positions, 178 increasing their positions, 211 reducing their positions, and 110 closing their positions.
29% more call options, than puts
Call options by funds: $27.9M | Put options by funds: $21.6M
14% more funds holding in top 10
Funds holding in top 10: 7 → 8 (+1)
1.3% less ownership
Funds ownership: 99.56% → 98.25% (-1.3%)
4% less funds holding
Funds holding: 569 → 544 (-25)
15% less first-time investments, than exits
New positions opened: 93 | Existing positions closed: 110
16% less repeat investments, than reductions
Existing positions increased: 178 | Existing positions reduced: 211
25% less capital invested
Capital invested by funds: $16.9B → $12.7B (-$4.25B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$560M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$271M |
| 3 |
CCM
Cantillon Capital Management
New York
|
+$103M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$101M |
| 5 |
CG
Carmignac Gestion
Paris,
France
|
+$88.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AI
Axiom Investors
Greenwich,
Connecticut
|
-$277M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$202M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$191M |
| 4 |
Artisan Partners
Milwaukee,
Wisconsin
|
-$174M |
| 5 |
Primecap Management
Pasadena,
California
|
-$123M |
TW Hedge Fund Activity: Q3 2025 in Review
544 of the 7,638 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: 110 funds closed out of TW and 93 opened new positions — a net loss of 17 holders — while 211 trimmed existing stakes and 178 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.
- 544 institutional investors held Tradeweb Markets (TW) as of Q3 2025, down from 569 in Q2 2025.
- Funds reported $12.7B of Tradeweb Markets stock for Q3 2025, down 25% quarter-over-quarter.
- 93 funds opened new Tradeweb Markets positions in Q3 2025 and 110 closed out, a net change of -17 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.