TRADEWEB MKTS INC TW
CL A · Common Stock · CUSIP 892672106 · ISIN US8926721064
- SectorFinancials
- IndustrySecurity & Commodity Brokers, Dealers, Exchanges & Services
- HeadquartersNew York, NY
- 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 ($23.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $99.46. Options: 8 managers hold calls ($14.5m notional), 6 hold puts ($5.9m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 334 |
| Q4 2022 | 341 |
| Q1 2023 | 356 |
| Q2 2023 | 346 |
| Q3 2023 | 366 |
| Q4 2023 | 412 |
| Q1 2024 | 443 |
| Q2 2024 | 439 |
| Q3 2024 | 452 |
| Q4 2024 | 534 |
| Q1 2025 | 552 |
| Q2 2025 | 572 |
| Q3 2025 | 547 |
| Q4 2025 | 554 |
| Q1 2026 | 585 |
| Q2 2026 | 564 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 224 | 199 |
| Q4 2024 | 274 | 198 |
| Q1 2025 | 278 | 256 |
| Q2 2025 | 276 | 273 |
| Q3 2025 | 265 | 319 |
| Q4 2025 | 251 | 295 |
| Q1 2026 | 326 | 246 |
| Q2 2026 | 291 | 298 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $27.9m | $21.6m | 0.77 |
| Q4 2025 | $25.1m | $16.5m | 0.65 |
| Q1 2026 | $24.4m | $16.9m | 0.69 |
| Q2 2026 | $14.5m | $5.9m | 0.40 |
Biggest buyers
| Carmignac Gestion | Added | +1.6m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +1.4m |
| MARSHALL WACE, LLP | Added | +905.4k |
| D. E. Shaw & Co., Inc. | Added | +736.6k |
| CITADEL ADVISORS LLC | Added | +698.4k |
| Artisan Partners Limited Partnership | Added | +621.1k |
| Qube Research & Technologies Ltd | Added | +592.7k |
| TWO SIGMA INVESTMENTS, LP | Added | +520.3k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Added | +447.7k |
| Point72 Asset Management, L.P. | New | +372.5k |
Biggest sellers
| Linonia Partnership LP | Sold out | -2.8m |
| Cantillon Capital Management LLC | Reduced | -2.3m |
| JPMORGAN CHASE & CO | Reduced | -1.7m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -1.3m |
| UBS Group AG | Reduced | -1.2m |
| Champlain Investment Partners, LLC | Reduced | -1.0m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -540.4k |
| JANE STREET GROUP, LLC | Reduced | -493.9k |
| Engineers Gate Manager LP | Reduced | -337.7k |
| North Reef Capital Management LP | Sold out | -337.1k |
Biggest calls
| Caption Management, LLC | New | $7.8m78.0k shares |
| JANE STREET GROUP, LLC | Added | $2.0m19.8k shares |
| CITADEL ADVISORS LLC | Reduced | $1.8m17.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.5m15.3k shares |
| IMC-Chicago, LLC | Reduced | $797.3k8.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $528.2k5.3k shares |
| GROUP ONE TRADING LLC | Reduced | $129.6k1.3k shares |
| Walleye Capital LLC | Reduced | $49.8k500 shares |
Biggest puts
| Interval Partners, LP | New | $2.2m21.7k shares |
| JANE STREET GROUP, LLC | Added | $1.6m16.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $797.3k8.0k shares |
| CITADEL ADVISORS LLC | Reduced | $747.5k7.5k shares |
| IMC-Chicago, LLC | Added | $538.2k5.4k shares |
| GROUP ONE TRADING LLC | Reduced | $10.0k100 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 |
|---|---|
London Stock Exchange Group plc
13D · may seek influence
filed 2025-03-10
Stated purposeThe penultimate paragraph of Item 4 is hereby supplemented by adding the below disclosure immediately prior to the last sentence in such paragraph: On March 6, 2025, the Board of the Issuer appointed Rich Repetto as a Class II director, effective March 6, 2025. Mr. Repetto will hold office until the annual meeting of the Issuer's stockholders to be held in 2027 and until his successor shall be elected and qualified or until his earlier death, resignation, retirement, disqualification or removal. Mr. Repetto was designated to serve on the Board by Refinitiv Parent pursuant to the Stockholders Agreement. Full filing |
50.8% |
| PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution +3.2 pts · filed 2026-02-17 | 13.6% |
| BlackRock, Inc. 13G · institution filed 2025-04-24 | 5.5% |
| WELLINGTON MANAGEMENT GROUP LLP 13G · institution -1.2 pts · filed 2026-08-13 | 5.3% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.2% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 2 | $5.0m | $5.0m |
| Q1 2025 | 0 | — | 6 | $8.6m | $8.6m |
| Q2 2025 | 0 | — | 2 | $291.5k | $291.5k |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 7 | $39.5m | $37.4m |
| Q2 2026 | 0 | — | 2 | $4.8m | $4.8m |
| Q3 2026 | 0 | — | 1 | $331.8k | $331.8k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-17 | Dixon Troy MD, Co-Head of Global Markets | Sold plan | $274.1k2.6k shares |
| 2026-08-14 | Dixon Troy MD, Co-Head of Global Markets | Sold plan | $57.7k546 shares |
| 2026-06-01 | Peterson Justin Chief Technology Officer | Sold plan | $2.2m21.2k shares |
| 2026-05-26 | BERNS STEVEN Director | Sold plan | $44.7k425 shares |
| 2026-04-15 | Peterson Justin Chief Technology Officer | Sold plan | $2.6m21.2k 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 2026
| Manager | Shares | Change |
|---|---|---|
| PRICE T ROWE ASSOCIATES INC /MD/ 0.16% of their portfolio | 16.4m $1.6bn | Added +1.4m |
| BlackRock, Inc. 0.01% of their portfolio | 6.9m $685.9m | Added +53.4k |
| WELLINGTON MANAGEMENT GROUP LLP 0.11% of their portfolio | 6.2m $618.3m | Reduced -1.3m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.03% of their portfolio | 6.1m $603.7m | Added +447.7k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 5.2m $522.1m | Added +48.2k |
| Carmignac Gestion 5.01% of their portfolio | 3.9m $386.4m | Added +1.6m |
| T. Rowe Price Investment Management, Inc. 0.22% of their portfolio | 3.3m $329.0m | Reduced -97.7k |
| STATE STREET CORP 0.01% of their portfolio | 2.8m $279.8m | Added +63.0k |
| AQR CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 2.8m $272.4m | Reduced -108.3k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.60% of their portfolio | 2.7m $265.4m | Added +12.9k |
| Capital World Investors 0.03% of their portfolio | 2.3m $230.6m | Added +114.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.1m $209.2m | Reduced -14.5k |
| NORDEA INVESTMENT MANAGEMENT AB 0.13% of their portfolio | 1.7m $165.1m | Added +39.6k |
| MORGAN STANLEY 0.01% of their portfolio | 1.7m $167.9m | Reduced -18.7k |
| BESSEMER GROUP INC 0.22% of their portfolio | 1.6m $159.9m | Reduced -22.6k |
| NORGES BANK 0.02% of their portfolio | 1.5m $153.9m | Not comparable |
| MILLENNIUM MANAGEMENT LLC 0.10% of their portfolio | 1.4m $142.3m | Reduced -540.4k |
| CITADEL ADVISORS LLC 0.08% of their portfolio | 1.4m $139.4m | Added +698.4k |
| Ninety One UK Ltd 0.30% of their portfolio | 1.3m $133.8m | Reduced -247.5k |
| MARSHALL WACE, LLP 0.11% of their portfolio | 1.3m $127.8m | Added +905.4k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 1.2m $116.3m | Reduced -191.4k |
| Artisan Partners Limited Partnership 0.19% of their portfolio | 1.2m $114.8m | Added +621.1k |
| JUPITER ASSET MANAGEMENT LTD 0.52% of their portfolio | 1.1m $105.2m | Added +15.7k |
| D. E. Shaw & Co., Inc. 0.07% of their portfolio | 1.1m $111.7m | Added +736.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.1m $105.4m | Added +68.4k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.0m $100.5m | Added +183.8k |
| KENSICO CAPITAL MANAGEMENT CORP 1.72% of their portfolio | 1.0m $100.1m | Reduced -3.1k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 938.7k $93.5m | Reduced -20.5k |
| Capital International Investors 0.02% of their portfolio | 931.5k $92.8m | Added +2.0k |
| Harding Loevner LP 0.79% of their portfolio | 843.2k $84.0m | Reduced -241.9k |
| Qube Research & Technologies Ltd 0.09% of their portfolio | 828.7k $82.6m | Added +592.7k |
| TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio | 821.5k $81.9m | Added +520.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 753.2k $75.1m | Added +58.1k |
| UBS Group AG 0.01% of their portfolio | 746.3k $74.4m | Reduced -1.2m |
| VANGUARD FIDUCIARY TRUST CO 0.02% of their portfolio | 735.7k $73.3m | Added +16.7k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 683.7k $68.1m | Added +13.0k |
| NOMURA ASSET MANAGEMENT CO LTD 0.15% of their portfolio | 682.3k $68.0m | Added +49.7k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 602.1k $60.0m | Added +328.5k |
| FIL Ltd 0.04% of their portfolio | 591.1k $58.9m | Reduced -196.5k |
| Stephens Investment Management Group LLC 0.63% of their portfolio | 590.1k $58.8m | Added +60.2k |
| Mawer Investment Management Ltd. 0.39% of their portfolio | 579.4k $57.7m | Reduced -47.1k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 564.0k $56.1m | Added +83.3k |
| Vinva Investment Management Ltd 0.34% of their portfolio | 552.9k $51.0m | Added +249.3k |
| FMR LLC 0.00% of their portfolio | 531.2k $52.9m | Reduced -16.6k |
| BAMCO INC /NY/ 0.08% of their portfolio | 510.9k $50.9m | Added +143.4k |
| NEUBERGER BERMAN GROUP LLC 0.03% of their portfolio | 455.9k $45.4m | Reduced -176.9k |
| HMI Capital Management, L.P. 6.61% of their portfolio | 455.4k $45.4m | Reduced -8.3k |
| Junto Capital Management LP 0.83% of their portfolio | 449.6k $44.8m | Added +22.1k |
| Champlain Investment Partners, LLC 1.11% of their portfolio | 434.8k $43.3m | Reduced -1.0m |
| BROWN BROTHERS HARRIMAN & CO 0.19% of their portfolio | 424.6k $42.3m | Added +73.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 400.2k $39.9m | Reduced -77.6k |
| TD Asset Management Inc 0.03% of their portfolio | 396.2k $39.5m | Reduced -26.9k |
| Focus Partners Wealth 0.04% of their portfolio | 392.9k $39.2m | Reduced -55.7k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 376.6k $37.5m | Reduced -7.9k |
| Point72 Asset Management, L.P. 0.06% of their portfolio | 372.5k $37.1m | New |
| PANAGORA ASSET MANAGEMENT INC 0.11% of their portfolio | 344.6k $34.3m | New |
| Amundi 0.01% of their portfolio | 331.5k $33.0m | Added +142.9k |
| CIBC Bancorp USA Inc. 0.04% of their portfolio | 330.5k $32.9m | Reduced -11.3k |
| PRIMECAP MANAGEMENT CO/CA/ 0.02% of their portfolio | 327.9k $32.7m | Reduced -220 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 326.0k $32.5m | Added +205.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 323.2k $30.3m | Reduced -1.7m |
| Bank of New York Mellon Corp 0.01% of their portfolio | 318.3k $31.7m | Reduced -14.0k |
| Fiera Capital Corp 0.11% of their portfolio | 314.9k $31.4m | Reduced -92.8k |
| VIKING GLOBAL INVESTORS LP 0.09% of their portfolio | 314.2k $31.3m | New |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 302.1k $30.1m | Reduced -106.7k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 302.0k $30.1m | Added +78.3k |
| Fisher Funds Management LTD 0.85% of their portfolio | 300.6k $30.0m | Reduced -3.2k |
| Nuveen, LLC 0.01% of their portfolio | 296.5k $29.6m | Added +87.4k |
| Square Wave Capital, LLC 4.17% of their portfolio | 280.2k $27.9m | Reduced -214.6k |
| Gotham Asset Management, LLC 0.06% of their portfolio | 268.4k $26.8m | Added +40.2k |
| HRT FINANCIAL LP 0.06% of their portfolio | 267.2k $26.6m | Added +187.5k |
| Legal & General Group Plc 0.01% of their portfolio | 264.9k $26.4m | Reduced -4.3k |
| AMERICAN CAPITAL MANAGEMENT INC 1.06% of their portfolio | 238.2k $23.7m | Reduced -11.0k |
| Invesco Ltd. 0.00% of their portfolio | 234.2k $23.3m | Added +15.1k |
| Freestone Grove Partners LP 0.15% of their portfolio | 228.7k $22.8m | New |
| Holocene Advisors, LP 0.05% of their portfolio | 227.6k $22.7m | New |
| CREDIT AGRICOLE S A 0.06% of their portfolio | 227.5k $22.7m | Added +1.2k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 220.2k $22.0m | Added +35.7k |
| Handelsbanken Fonder AB 0.06% of their portfolio | 217.6k $21.7m | Reduced -1.9k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 216.3k $21.6m | Added +174.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 216.1k $21.5m | Added +40.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 213.4k $21.3m | Reduced -68.5k |
| RENAISSANCE GROUP LLC 0.86% of their portfolio | 211.8k $21.1m | Reduced -62.0k |
| Altshuler Shaham Ltd 0.26% of their portfolio | 205.0k $20.4m | Unchanged |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 203.6k $20.3m | Added +156.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 202.6k $20.2m | Added +123.3k |
| Norinchukin Bank, The 0.20% of their portfolio | 202.6k $20.2m | Added +8.7k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 201.9k $20.1m | Reduced -493.9k |
| Sone Capital Management, LLC 1.42% of their portfolio | 187.5k $18.7m | Added +85.2k |
| Distillate Capital Partners LLC 0.96% of their portfolio | 184.5k $18.4m | New |
| BANQUE PICTET & CIE SA 0.18% of their portfolio | 178.0k $17.7m | Added +175.0k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.02% of their portfolio | 176.2k $17.5m | Added +9.3k |
| Schonfeld Strategic Advisors LLC 0.09% of their portfolio | 175.4k $17.5m | New |
| TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio | 170.4k $17.0m | Added +52.3k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 167.9k $16.7m | Added +80.7k |
| California Public Employees Retirement System 0.01% of their portfolio | 155.8k $15.5m | Reduced -66.5k |
| WILSON ASSET MANAGEMENT (INTERNATIONAL) PTY LTD 4.21% of their portfolio | 153.8k $15.3m | Added +1.7k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 148.6k $14.8m | Added +97.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 147.1k $14.7m | Added +27.6k |
| Sumitomo Mitsui DS Asset Management Company, Ltd 0.10% of their portfolio | 143.8k $14.3m | Reduced -5.1k |