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 ($8.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $79.13. Options: 11 managers hold calls ($28.1m notional), 6 hold puts ($3.8m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 334 |
| Q4 2022 | 341 |
| Q1 2023 | 356 |
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 | 189 | 167 |
| Q1 2023 | 199 | 141 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $17.9m | $23.5m | 1.31 |
| Q4 2022 | $24.9m | $11.8m | 0.47 |
| Q1 2023 | $28.1m | $3.8m | 0.13 |
Biggest buyers
| STRS OHIO | Added | +1.3m |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | New | +805.1k |
| CCLA Investment Management | New | +700.9k |
| VOYA INVESTMENT MANAGEMENT LLC | Added | +662.3k |
| LORD, ABBETT & CO. LLC | New | +600.0k |
| Balyasny Asset Management L.P. | Added | +557.3k |
| FMR LLC | Added | +537.0k |
| BESSEMER GROUP INC | Added | +427.7k |
| Fiera Capital Corp | New | +414.6k |
| Junto Capital Management LP | Added | +348.7k |
Biggest sellers
| DEUTSCHE BANK AG\ | Reduced | -1.0m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -963.1k |
| BlackRock Inc. | Reduced | -631.2k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -419.1k |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC | Reduced | -400.1k |
| Allspring Global Investments Holdings, LLC | Reduced | -316.6k |
| JANE STREET GROUP, LLC | Reduced | -306.8k |
| GOLDMAN SACHS GROUP INC | Reduced | -282.8k |
| MARSHALL WACE, LLP | Reduced | -280.5k |
| Capital World Investors | Reduced | -254.7k |
Biggest calls
| PEAK6 Investments LLC | Added | $6.5m82.3k shares |
| JANE STREET GROUP, LLC | Added | $5.4m68.3k shares |
| UBS Group AG | New | $4.5m57.4k shares |
| CITADEL ADVISORS LLC | Reduced | $2.9m36.9k shares |
| NOMURA HOLDINGS INC | New | $2.8m36.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $2.2m27.3k shares |
| Walleye Trading LLC | Reduced | $1.6m20.6k shares |
| SIMPLEX TRADING, LLC | Added | $1.4m17.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $371.0k4.7k shares |
| GROUP ONE TRADING LLC | Reduced | $363.5k4.6k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $1.7m21.5k shares |
| PEAK6 Investments LLC | Reduced | $1.0m13.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $861.3k10.9k shares |
| Walleye Trading LLC | Reduced | $102.7k1.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $71.0k900 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 |
|---|---|
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 in Q1 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 |
|---|---|---|---|---|---|
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 5 | $95.3m | — |
| Q1 2022 | 0 | — | 7 | $31.5m | — |
| Q2 2022 | 0 | — | 5 | $29.3m | — |
| Q3 2022 | 0 | — | 2 | $9.2m | — |
| Q4 2022 | 0 | — | 2 | $1.7m | — |
| Q1 2023 | 0 | — | 7 | $34.7m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-03-31 | Olesky Lee Director | Sold | $5.6m71.3k shares |
| 2023-03-30 | Olesky Lee Director | Sold | $1.8m22.3k shares |
| 2023-03-29 | Olesky Lee Director | Sold | $11.2m143.9k shares |
| 2023-03-27 | Bruni Enrico Managing Director, Europe/Asia | Sold | $1.0m14.0k shares |
| 2023-03-22 | Peterson Justin Chief Technology Officer | Sold | $145.5k1.9k shares |
| 2023-03-21 | Hult William Chief Executive Officer, director | Sold | $2.3m30.0k shares |
| 2023-03-20 | Hult William Chief Executive Officer, director | Sold | $3.4m45.0k shares |
| 2023-03-20 | Peterson Justin Chief Technology Officer | Sold | $222.3k3.0k shares |
| 2023-03-20 | Furber Sara Chief Financial Officer | Sold | $169.2k2.2k shares |
| 2023-03-16 | Furber Sara Chief Financial Officer | Sold | $715.7k9.8k shares |
| 2023-01-26 | Friedman Douglas General Counsel and Secretary | Sold | $750.0k10.0k shares |
| 2023-01-17 | Zucker Scott Chief Admin. and Risk Officer | Sold | $2.3m31.6k shares |
| 2023-01-13 | Zucker Scott Chief Admin. and Risk Officer | Sold | $119.5k1.7k shares |
| 2023-01-05 | Hult William Chief Executive Officer, director | Sold | $2.6m41.3k shares |
| 2023-01-05 | Peterson Justin Chief Technology Officer | Sold | $880.2k13.8k shares |
| 2023-01-05 | Friedman Douglas General Counsel and Secretary | Sold | $851.3k13.4k shares |
| 2023-01-05 | Zucker Scott Chief Administrative Officer | Sold | $705.9k11.1k 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, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| BlackRock Inc. 0.03% of their portfolio | 12.7m $1.0bn | Reduced -631.2k |
| VANGUARD GROUP INC 0.02% of their portfolio | 10.4m $823.5m | Added +145.4k |
| T. Rowe Price Investment Management, Inc. 0.41% of their portfolio | 7.3m $576.9m | Reduced -21.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.10% of their portfolio | 6.5m $515.3m | Added +347.6k |
| Ownership Capital B.V. 7.12% of their portfolio | 5.1m $404.9m | Reduced -71.0k |
| FRANKLIN RESOURCES INC 0.17% of their portfolio | 4.2m $333.2m | Added +21.9k |
| Champlain Investment Partners, LLC 2.03% of their portfolio | 4.1m $321.9m | Reduced -62.9k |
| Capital World Investors 0.06% of their portfolio | 3.9m $311.3m | Reduced -254.7k |
| Harding Loevner LP 1.24% of their portfolio | 2.8m $218.0m | Reduced -20.6k |
| STATE STREET CORP 0.01% of their portfolio | 2.3m $182.8m | Added +91.8k |
| Artisan Partners Limited Partnership 0.30% of their portfolio | 2.3m $180.2m | Reduced -17.4k |
| VOYA INVESTMENT MANAGEMENT LLC 0.19% of their portfolio | 2.2m $175.5m | Added +662.3k |
| Allspring Global Investments Holdings, LLC 0.27% of their portfolio | 2.1m $164.9m | Reduced -316.6k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 2.0m $159.5m | Added +79.3k |
| STRS OHIO 0.19% of their portfolio | 1.6m $126.2m | Added +1.3m |
| PRIMECAP MANAGEMENT CO/CA/ 0.11% of their portfolio | 1.6m $124.4m | Added +218.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 1.6m $123.9m | Added +50.3k |
| CITADEL ADVISORS LLC 0.13% of their portfolio | 1.6m $122.8m | Reduced -33.4k |
| VAN ECK ASSOCIATES CORP 0.27% of their portfolio | 1.5m $120.3m | Added +124.3k |
| BESSEMER GROUP INC 0.27% of their portfolio | 1.4m $113.7m | Added +427.7k |
| NORGES BANK 0.02% of their portfolio | 1.2m $91.1m | Added +36.9k |
| MORGAN STANLEY 0.01% of their portfolio | 1.1m $87.5m | Added +28.1k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.1m $86.1m | Reduced -12.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.0m $80.2m | Added +5.4k |
| Junto Capital Management LP 2.18% of their portfolio | 988.3k $78.1m | Added +348.7k |
| Stephens Investment Management Group LLC 1.19% of their portfolio | 903.1k $71.4m | Reduced -421 |
| FMR LLC 0.00% of their portfolio | 860.0k $68.0m | Added +537.0k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.22% of their portfolio | 805.1k $63.6m | New |
| Bridgewater Associates, LP 0.36% of their portfolio | 741.1k $58.6m | Reduced -16.8k |
| California Public Employees Retirement System 0.05% of their portfolio | 711.2k $56.2m | Reduced -36.6k |
| CCLA Investment Management 1.09% of their portfolio | 700.9k $55.4m | New |
| MARSHALL WACE, LLP 0.13% of their portfolio | 656.8k $51.9m | Reduced -280.5k |
| Mawer Investment Management Ltd. 0.28% of their portfolio | 653.8k $51.7m | Added +6.5k |
| Amundi 0.02% of their portfolio | 626.1k $45.9m | Added +148.8k |
| TWO SIGMA ADVISERS, LP 0.13% of their portfolio | 616.4k $48.7m | Reduced -187.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 615.8k $48.7m | Reduced -8.7k |
| NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio | 602.7k $47.6m | Reduced -92.2k |
| LORD, ABBETT & CO. LLC 0.09% of their portfolio | 600.0k $47.4m | New |
| Clearbridge Investments, LLC 0.05% of their portfolio | 598.6k $47.3m | Added +115.5k |
| Balyasny Asset Management L.P. 0.15% of their portfolio | 589.6k $46.6m | Added +557.3k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 563.0k $44.5m | Reduced -963.1k |
| TD Asset Management Inc 0.05% of their portfolio | 547.3k $43.2m | Reduced -27.1k |
| Connectus Wealth, LLC 1.01% of their portfolio | 518.3k $41.0m | Added +115.6k |
| Carmignac Gestion 0.60% of their portfolio | 456.5k $36.1m | Reduced -254.3k |
| Legal & General Group Plc 0.01% of their portfolio | 455.6k $36.0m | Added +16.0k |
| FIL Ltd 0.04% of their portfolio | 451.6k $35.7m | Added +51.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 446.5k $35.3m | Added +4.7k |
| Capital International Investors 0.01% of their portfolio | 440.7k $34.8m | Reduced -393 |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 436.0k $34.4m | Added +35.8k |
| Handelsbanken Fonder AB 0.19% of their portfolio | 423.8k $33.5m | Reduced -12.7k |
| Fiera Capital Corp 0.10% of their portfolio | 414.6k $32.8m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 400.9k $31.7m | Added +66.6k |
| BAMCO INC /NY/ 0.09% of their portfolio | 387.0k $30.6m | Added +323 |
| APG Asset Management N.V. 0.06% of their portfolio | 367.5k $26.7m | Reduced -2.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 362.6k $28.7m | Reduced -1.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.04% of their portfolio | 353.5k $27.9m | Added +82.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 337.4k $26.7m | Reduced -28.6k |
| SUMMIT PARTNERS PUBLIC ASSET MANAGEMENT, LLC 1.46% of their portfolio | 329.4k $26.0m | Reduced -400.1k |
| SEI INVESTMENTS CO 0.05% of their portfolio | 324.7k $25.7m | Added +26.1k |
| AMERICAN CAPITAL MANAGEMENT INC 0.87% of their portfolio | 311.6k $24.6m | Reduced -1.6k |
| Man Group plc 0.08% of their portfolio | 286.1k $22.6m | New |
| Robeco Institutional Asset Management B.V. 0.06% of their portfolio | 267.4k $21.1m | Added +164.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 255.7k $20.2m | Reduced -22.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 254.3k $20.1m | Added +88.2k |
| WASATCH ADVISORS LP 0.12% of their portfolio | 249.6k $19.7m | Reduced -40.8k |
| ROYCE & ASSOCIATES LP 0.19% of their portfolio | 241.9k $19.1m | Added +49.1k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 229.9k $18.2m | Added +161.5k |
| PUBLIC EMPLOYEES RETIREMENT ASSOCIATION OF COLORADO 0.09% of their portfolio | 227.7k $18.0m | Added +11.8k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 212.1k $16.8m | Reduced -1.0m |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 204.6k $16.2m | Reduced -55.0k |
| SeaTown Holdings Pte. Ltd. 2.19% of their portfolio | 203.0k $16.0m | New |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 202.9k $16.0m | Reduced -236 |
| CITIGROUP INC 0.02% of their portfolio | 198.0k $15.6m | Reduced -12.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.04% of their portfolio | 197.2k $15.6m | Added +6.2k |
| Prana Capital Management, LP 1.30% of their portfolio | 194.6k $15.4m | Added +25.0k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 192.7k $15.2m | Added +5.2k |
| UBS Group AG 0.01% of their portfolio | 189.0k $14.9m | Reduced -31.9k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.06% of their portfolio | 185.2k $14.6m | Added +121.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 182.9k $14.5m | Added +2.3k |
| Ninety One UK Ltd 0.04% of their portfolio | 178.6k $14.1m | Reduced -11.2k |
| Thrivent Financial for Lutherans 0.03% of their portfolio | 173.4k $13.7m | Added +602 |
| 2Xideas AG 1.25% of their portfolio | 164.0k $13.0m | Added +2.6k |
| Atika Capital Management LLC 1.97% of their portfolio | 160.0k $12.6m | New |
| Handelsinvest Investeringsforvaltning 1.95% of their portfolio | 155.0k $12.2m | Reduced -12.0k |
| BANK OF NOVA SCOTIA 0.04% of their portfolio | 154.4k $12.2m | Added +151.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 151.6k $12.0m | Reduced -282.8k |
| Hitchwood Capital Management LP 6.45% of their portfolio | 150.0k $11.9m | New |
| PUTNAM INVESTMENTS LLC 0.02% of their portfolio | 146.2k $11.6m | Unchanged |
| WILSON ASSET MANAGEMENT (INTERNATIONAL) PTY LTD 3.15% of their portfolio | 143.9k $11.4m | Added +30.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.00% of their portfolio | 140.6k $11.1m | Added +24 |
| TORONTO DOMINION BANK 0.02% of their portfolio | 131.6k $10.4m | Reduced -584 |
| Schonfeld Strategic Advisors LLC 0.10% of their portfolio | 128.6k $10.2m | Added +17.1k |
| SVB WEALTH LLC 0.14% of their portfolio | 128.2k $10.1m | Reduced -7.0k |
| Mitsubishi UFJ Trust & Banking Corp 0.02% of their portfolio | 127.5k $10.1m | Added +21.8k |
| Driehaus Capital Management LLC 0.14% of their portfolio | 124.9k $9.9m | New |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 124.3k $9.8m | Added +4.9k |
| NOMURA ASSET MANAGEMENT CO LTD 0.05% of their portfolio | 118.7k $9.4m | Unchanged |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 118.6k $9.4m | Reduced -56 |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 118.0k $9.3m | Unchanged |
| Andra AP-fonden 0.24% of their portfolio | 115.7k $9.1m | Reduced -2.4k |