MARKETAXESS HLDGS INC MKTX
COM · Common Stock · CUSIP 57060D108 · ISIN US57060D1081
American financial services company
- SectorFinancials
- IndustrySecurity Brokers, Dealers & Flotation Companies
- HeadquartersNew York, NY
- Founded2000
- Websitemarketaxess.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($9.7m this quarter). Holder counts are more reliable. Shares outstanding: 37.7m as of 2023-07-24, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $261.79. Options: 13 managers hold calls ($22.3m notional), 10 hold puts ($14.2m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 483 |
| Q4 2022 | 500 |
| Q1 2023 | 542 |
| Q2 2023 | 515 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 253 | 221 |
| Q1 2023 | 278 | 225 |
| Q2 2023 | 230 | 281 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $23.4m | $53.8m | 2.30 |
| Q4 2022 | $13.2m | $22.7m | 1.72 |
| Q1 2023 | $52.9m | $46.5m | 0.88 |
| Q2 2023 | $22.3m | $14.2m | 0.64 |
Biggest buyers
| VAN ECK ASSOCIATES CORP | Added | +483.3k |
| Qube Research & Technologies Ltd | New | +181.8k |
| MILLENNIUM MANAGEMENT LLC | Added | +170.6k |
| ALLIANCEBERNSTEIN L.P. | Added | +168.3k |
| JUPITER ASSET MANAGEMENT LTD | New | +118.4k |
| Artisan Partners Limited Partnership | Added | +114.0k |
| CITADEL ADVISORS LLC | Added | +110.5k |
| TWINBEECH CAPITAL LP | New | +90.0k |
| GUARDCAP ASSET MANAGEMENT Ltd | Added | +86.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +72.0k |
Biggest sellers
| LORD, ABBETT & CO. LLC | Reduced | -480.9k |
| PRUDENTIAL FINANCIAL INC | Reduced | -216.1k |
| EAGLE ASSET MANAGEMENT INC | Reduced | -178.7k |
| California Public Employees Retirement System | Reduced | -175.4k |
| T. Rowe Price Investment Management, Inc. | Reduced | -139.4k |
| FMR LLC | Reduced | -125.4k |
| Ownership Capital B.V. | Reduced | -110.4k |
| NEUBERGER BERMAN GROUP LLC | Reduced | -65.3k |
| AMERICAN CENTURY COMPANIES INC | Reduced | -57.6k |
| HRT FINANCIAL LP | Sold out | -52.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $9.3m35.7k shares |
| CITADEL ADVISORS LLC | Reduced | $2.7m10.4k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $2.3m8.7k shares |
| Cubist Systematic Strategies, LLC | New | $2.0m7.8k shares |
| JPMORGAN CHASE & CO | New | $1.9m7.1k shares |
| Parallax Volatility Advisers, L.P. | New | $1.3m5.0k shares |
| SIMPLEX TRADING, LLC | Added | $836.0k3.2k shares |
| PEAK6 Investments LLC | Reduced | $522.8k2.0k shares |
| Squarepoint Ops LLC | Reduced | $496.7k1.9k shares |
| JANE STREET GROUP, LLC | Reduced | $418.3k1.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $5.9m22.4k shares |
| CITADEL ADVISORS LLC | Reduced | $3.9m15.0k shares |
| Cubist Systematic Strategies, LLC | New | $1.5m5.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $1.2m4.7k shares |
| WOLVERINE TRADING, LLC | Added | $628.8k2.4k shares |
| Twin Tree Management, LP | Reduced | $470.6k1.8k shares |
| JANE STREET GROUP, LLC | Reduced | $261.4k1.0k shares |
| PEAK6 Investments LLC | Reduced | $261.4k1.0k shares |
| GROUP ONE TRADING LLC | New | $130.7k500 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution +1.0 pts · filed 2026-02-06 | 10.9% |
| PRIMECAP MANAGEMENT CO/CA/ 13G · institution +1.3 pts · filed 2026-08-06 | 9.9% |
| North Reef Capital Management LP 13G · institution +4.3 pts · filed 2026-08-14 | 9.6% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.1% |
| AQR CAPITAL MANAGEMENT LLC 13G · institution -1.3 pts · filed 2026-08-13 | 5.6% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.3% |
Fell to 5% or below in the last year: FMR LLC (4.2%, 2026-05-06), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), T. Rowe Price Investment Management, Inc. (3.7%, 2025-11-14)
Insider purchases and sales in Q2 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 2 | $1.1m | — |
| Q1 2022 | 0 | — | 1 | $729.8k | — |
| Q2 2022 | 1 | $271.2k | 1 | $496.0k | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 3 | $659.8k | — |
| Q2 2023 | 0 | — | 1 | $825.2k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-06-15 | McPherson Kevin M Global Head of Sales | Sold | $277.2k1.0k shares |
| 2023-06-14 | McPherson Kevin M Global Head of Sales | Sold | $548.0k2.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 4.5m $1.2bn | Added +3.4k |
| BlackRock Inc. 0.03% of their portfolio | 3.9m $1.0bn | Reduced -19.6k |
| GUARDCAP ASSET MANAGEMENT Ltd 6.98% of their portfolio | 2.0m $519.4m | Added +86.4k |
| STATE STREET CORP 0.02% of their portfolio | 1.7m $438.2m | Added +37.0k |
| ROYAL BANK OF CANADA 0.12% of their portfolio | 1.7m $437.3m | Reduced -21.7k |
| T. Rowe Price Investment Management, Inc. 0.25% of their portfolio | 1.4m $365.5m | Reduced -139.4k |
| BAILLIE GIFFORD & CO 0.31% of their portfolio | 1.4m $364.1m | Reduced -37.5k |
| PRIMECAP MANAGEMENT CO/CA/ 0.24% of their portfolio | 1.1m $289.6m | Reduced -1.5k |
| Ownership Capital B.V. 4.66% of their portfolio | 1.0m $266.2m | Reduced -110.4k |
| MACQUARIE GROUP LTD 0.30% of their portfolio | 1.0m $261.9m | Added +30.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 851.3k $222.0m | Reduced -8.8k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.53% of their portfolio | 717.2k $187.5m | Reduced -43.2k |
| AMERICAN CENTURY COMPANIES INC 0.14% of their portfolio | 701.4k $183.4m | Reduced -57.6k |
| Allspring Global Investments Holdings, LLC 0.25% of their portfolio | 588.5k $153.8m | Reduced -22.8k |
| Artisan Partners Limited Partnership 0.22% of their portfolio | 517.9k $135.4m | Added +114.0k |
| VAN ECK ASSOCIATES CORP 0.29% of their portfolio | 513.7k $134.3m | Added +483.3k |
| Invesco Ltd. 0.03% of their portfolio | 425.4k $111.2m | Added +24.9k |
| NORGES BANK 0.02% of their portfolio | 422.7k $110.5m | Added +20.0k |
| EAGLE ASSET MANAGEMENT INC 0.56% of their portfolio | 381.8k $99.8m | Reduced -178.7k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 379.3k $99.2m | Added +5.3k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 366.9k $95.9m | Reduced -19.1k |
| Allianz Asset Management GmbH 0.19% of their portfolio | 350.6k $91.6m | Added +48.0k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 348.9k $91.2m | Added +48.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 335.1k $87.6m | Added +642 |
| NEUBERGER BERMAN GROUP LLC 0.07% of their portfolio | 286.7k $75.0m | Reduced -65.3k |
| MORGAN STANLEY 0.01% of their portfolio | 284.6k $74.4m | Added +9.5k |
| MILLENNIUM MANAGEMENT LLC 0.08% of their portfolio | 281.9k $73.7m | Added +170.6k |
| APG Asset Management N.V. 0.13% of their portfolio | 269.4k $64.5m | Reduced -8.1k |
| Legal & General Group Plc 0.02% of their portfolio | 249.8k $65.3m | Added +14.0k |
| ALLIANCEBERNSTEIN L.P. 0.02% of their portfolio | 229.7k $60.0m | Added +168.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 214.6k $84.0m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 212.2k $55.5m | Added +35.9k |
| Tandem Investment Advisors, Inc. 2.31% of their portfolio | 201.3k $52.6m | Added +45.4k |
| Stephens Investment Management Group LLC 0.81% of their portfolio | 198.4k $51.9m | Added +3.9k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 198.1k $51.8m | Added +24.2k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 193.1k $50.5m | Added +5.2k |
| Qube Research & Technologies Ltd 0.18% of their portfolio | 181.8k $47.5m | New |
| Bridgewater Associates, LP 0.29% of their portfolio | 181.7k $47.5m | Added +34.4k |
| BAMCO INC /NY/ 0.13% of their portfolio | 178.0k $46.5m | Reduced -12.5k |
| Jackson Square Partners, LLC 1.31% of their portfolio | 171.8k $44.9m | Reduced -15.6k |
| Baird Financial Group, Inc. 0.11% of their portfolio | 155.6k $40.7m | Added +20.9k |
| RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio | 154.6k $40.4m | Reduced -960 |
| WESTFIELD CAPITAL MANAGEMENT CO LP 0.26% of their portfolio | 153.9k $40.2m | Added +14.0k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 146.7k $38.3m | Added +110.5k |
| GW&K Investment Management, LLC 0.35% of their portfolio | 142.4k $37.2m | Reduced -1.5k |
| Van Berkom & Associates Inc. 1.33% of their portfolio | 140.6k $36.8m | Reduced -1.9k |
| Caisse de depot et placement du Quebec 0.10% of their portfolio | 138.3k $36.1m | Added +17.7k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.17% of their portfolio | 138.0k $36.1m | Added +72.0k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 136.4k $35.7m | Added +53.2k |
| SEI INVESTMENTS CO 0.06% of their portfolio | 132.3k $34.6m | Reduced -8.2k |
| LORD, ABBETT & CO. LLC 0.06% of their portfolio | 130.0k $34.0m | Reduced -480.9k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 128.2k $33.5m | Reduced -29.4k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 128.0k $33.5m | Added +21.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 126.5k $33.1m | Added +8.5k |
| JUPITER ASSET MANAGEMENT LTD 0.34% of their portfolio | 118.4k $31.0m | New |
| Source Financial Advisors LLC 9.87% of their portfolio | 115.0k $30.1m | Reduced -17 |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.12% of their portfolio | 114.3k $29.9m | Reduced -48.2k |
| FMR LLC 0.00% of their portfolio | 112.3k $29.4m | Reduced -125.4k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 111.5k $29.2m | Added +52.0k |
| Amundi 0.01% of their portfolio | 110.9k $29.1m | Reduced -23.8k |
| TD Asset Management Inc 0.03% of their portfolio | 110.6k $28.9m | Reduced -16.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 101.4k $26.5m | Reduced -13.7k |
| NFJ INVESTMENT GROUP, LLC 0.69% of their portfolio | 99.0k $25.9m | Added +26.1k |
| Curi Capital, LLC 0.81% of their portfolio | 93.9k $24.5m | Added +2.3k |
| Fiera Capital Corp 0.07% of their portfolio | 92.1k $24.1m | Added +6.9k |
| BARCLAYS PLC 0.02% of their portfolio | 90.0k $23.5m | Added +39.3k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 90.0k $25.2m | Reduced -4.3k |
| TWINBEECH CAPITAL LP 0.46% of their portfolio | 90.0k $23.5m | New |
| ASHFORD CAPITAL MANAGEMENT INC 3.25% of their portfolio | 88.8k $23.2m | Added +339 |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 88.8k $23.2m | Added +827 |
| AEGON ASSET MANAGEMENT UK Plc 0.37% of their portfolio | 87.1k $22.8m | Unchanged |
| UBS Group AG 0.01% of their portfolio | 86.7k $22.7m | Added +17.4k |
| Burgundy Asset Management Ltd. 0.27% of their portfolio | 86.4k $22.6m | Added +4.8k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.14% of their portfolio | 81.9k $21.4m | Added +44.1k |
| CITIGROUP INC 0.03% of their portfolio | 80.9k $21.1m | Added +13.9k |
| Mitsubishi UFJ Trust & Banking Corp 0.05% of their portfolio | 78.1k $20.4m | Reduced -4.6k |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.56% of their portfolio | 78.1k $20.4m | Reduced -865 |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 72.3k $18.9m | Added +2.4k |
| California Public Employees Retirement System 0.02% of their portfolio | 70.3k $18.4m | Reduced -175.4k |
| Squarepoint Ops LLC 0.10% of their portfolio | 68.0k $17.8m | New |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 67.2k $17.6m | Added +3.4k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 64.8k $16.9m | Reduced -4.7k |
| FEDERATED HERMES, INC. 0.04% of their portfolio | 64.3k $16.8m | Reduced -950 |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 63.6k $16.6m | Added +3.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 61.0k $16.0m | Reduced -1.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 60.8k $15.9m | Reduced -3.2k |
| Cubist Systematic Strategies, LLC 0.18% of their portfolio | 60.5k $15.8m | Added +52.1k |
| Bahl & Gaynor LLC 0.09% of their portfolio | 58.0k $15.2m | Reduced -1.6k |
| FIL Ltd 0.02% of their portfolio | 56.2k $14.7m | Reduced -13.2k |
| WASATCH ADVISORS LP 0.09% of their portfolio | 55.8k $14.6m | Reduced -10.1k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.07% of their portfolio | 54.2k $14.2m | Unchanged |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 50.9k $13.3m | Reduced -34.7k |
| NOMURA ASSET MANAGEMENT CO LTD 0.06% of their portfolio | 49.5k $12.9m | Reduced -1.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio | 49.2k $12.9m | Added +6.0k |
| TORONTO DOMINION BANK 0.01% of their portfolio | 48.3k $12.6m | Added +25.5k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 47.3k $12.4m | Added +14.9k |
| TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio | 43.5k $11.4m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 40.4k $10.6m | Reduced -284 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 39.3k $10.3m | Added +3.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 38.9k $10.2m | Added +6.3k |