Tradeweb Markets
553 hedge funds and large institutions have $12.5B invested in Tradeweb Markets in 2025 Q4 according to their latest regulatory filings, with 95 funds opening new positions, 183 increasing their positions, 222 reducing their positions, and 70 closing their positions.
53% more call options, than puts
Call options by funds: $25.1M | Put options by funds: $16.5M
36% more first-time investments, than exits
New positions opened: 95 | Existing positions closed: 70
2% more funds holding
Funds holding: 544 → 553 (+9)
1.58% more ownership
Funds ownership: 98.25% → 99.83% (+1.6%)
2% less capital invested
Capital invested by funds: $12.7B → $12.5B (-$194M)
18% less repeat investments, than reductions
Existing positions increased: 183 | Existing positions reduced: 222
38% less funds holding in top 10
Funds holding in top 10: 8 → 5 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$312M |
| 2 |
Viking Global Investors
Stamford,
Connecticut
|
+$297M |
| 3 |
AQR Capital Management
Greenwich,
Connecticut
|
+$148M |
| 4 |
CG
Carmignac Gestion
Paris,
France
|
+$102M |
| 5 |
CCM
Cantillon Capital Management
New York
|
+$80.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Franklin Resources
San Mateo,
California
|
-$154M |
| 2 |
JP Morgan Chase
New York
|
-$132M |
| 3 |
VOYA Investment Management
Atlanta,
Georgia
|
-$132M |
| 4 |
Renaissance Technologies
New York
|
-$113M |
| 5 |
BlackRock
New York
|
-$113M |
TW Hedge Fund Activity: Q4 2025 in Review
553 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Tradeweb Markets (TW) for Q4 2025, worth a combined $12.5B — down 1.5% from $12.7B a quarter earlier.
Buyers outnumbered sellers: 95 funds opened new TW positions and 70 closed out — a net gain of 25 holders — while 183 added to existing stakes and 222 trimmed.
The largest buyer was T. Rowe Price Associates, adding an estimated $312M. The largest seller was Franklin Resources, cutting an estimated $154M.
- 553 institutional investors held Tradeweb Markets (TW) as of Q4 2025, up from 544 in Q3 2025.
- Funds reported $12.5B of Tradeweb Markets stock for Q4 2025, down 1.5% quarter-over-quarter.
- 95 funds opened new Tradeweb Markets positions in Q4 2025 and 70 closed out, a net change of +25 holders.
- The largest Tradeweb Markets buyer in Q4 2025 was T. Rowe Price Associates, an estimated $312M added.
- The largest Tradeweb Markets seller in Q4 2025 was Franklin Resources, an estimated $154M sold.
Based on aggregated 13F filings for Q4 2025.