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Tradeweb Markets

TW

Market cap $21.1B

552 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, 182 increasing their positions, 222 reducing their positions, and 70 closing their positions.

New

Increased

Maintained

Reduced

Closed

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: 543 → 552 (+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: 182 | Existing positions reduced: 222

38% less funds holding in top 10

Funds holding in top 10: 8 → 5 (-3)

Holders

552

Holders Change

Holders Change %

+1.66%

% of All Funds

6.72%

Holding in Top 10

Holding in Top 10 Change

-3

Holding in Top 10 Change %

-37.5%

% of All Funds

0.06%

New

Increased

182

Reduced

222

Closed

Calls

$25.1M

Puts

$16.5M

Net Calls

+$8.68M

Net Calls Change

+$2.36M

Top Buyers

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

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

#	Name	Holding	Trade Value	Shares Change	Change in Stake
1	1 T. Rowe Price Associates Baltimore, Maryland	$1.7B	+$312M	+2,904,984	+23%
2	2 Vanguard Group Malvern, Pennsylvania	$1.29B	-$73.8M	-687,277	-5%
3	3 Wellington Management Group Boston, Massachusetts	$1.01B	+$40.6M	+378,257	+4%
4	4 BlackRock New York	$736M	-$113M	-1,050,677	-13%
5	5 T. Rowe Price Investment Management Baltimore, Maryland	$312M	+$66.4M	+618,601	+27%
6	6 Viking Global Investors Stamford, Connecticut	$298M	+$297M	+2,768,659	New
7	7 State Street Boston, Massachusetts	$291M	+$2.64M	+24,552	+0.9%
8	CCM 8 Cantillon Capital Management New York	$289M	+$80.9M	+753,923	+39%
9	9 Grantham, Mayo, Van Otterloo & Co (GMO) Boston, Massachusetts	$271M	+$59M	+549,685	+28%
10	CG 10 Carmignac Gestion Paris, France	$238M	+$102M	+954,600	+76%
11	11 Franklin Resources San Mateo, California	$233M	-$154M	-1,438,641	-40%
12	12 Capital World Investors Los Angeles, California	$223M	+$3.25M	+30,233	+1%
13	13 Geode Capital Management Boston, Massachusetts	$223M	+$8.13M	+75,769	+4%
14	14 AQR Capital Management Greenwich, Connecticut	$199M	+$148M	+1,375,925	+287%
15	15 Morgan Stanley New York	$184M	+$10.3M	+96,298	+6%
16	16 Nordea Investment Management Stockholm, Sweden	$175M	+$14.4M	+134,313	+9%
17	17 Ninety One (UK) London, United Kingdom	$174M	+$1.79M	+16,699	+1%
18	18 TD Asset Management Toronto, Ontario, Canada	$171M	+$1.36M	+12,707	+0.8%
19	19 Bessemer Group Woodbridge, New Jersey	$169M	-$4.94M	-46,000	-3%
20	20 Norges Bank Oslo, Norway	$164M	+$163M	+1,521,189	New
21	21 American Century Companies Kansas City, Missouri	$152M	-$41.3M	-384,563	-21%
22	22 Capital International Investors Los Angeles, California	$135M	+$74.7M	+696,031	+124%
23	CIP 23 Champlain Investment Partners Burlington, Vermont	$131M	+$26.4M	+245,846	+25%
24	24 JP Morgan Chase New York	$131M	-$132M	-1,233,903	-50%
25	CIM 25 CCLA Investment Management London, United Kingdom	$127M	+$3.6M	+33,501	+3%