VIRTU FINL INC VIRT
CL A · Common Stock · CUSIP 928254101 · ISIN US9282541013
Financial services company
* 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 ($1.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $38.10. Options: 11 managers hold calls ($12.3m notional), 10 hold puts ($9.3m).
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 260 |
| Q4 2022 | 265 |
| Q1 2023 | 263 |
| Q2 2023 | 244 |
| Q3 2023 | 230 |
| Q4 2023 | 249 |
| Q1 2024 | 251 |
| Q2 2024 | 281 |
| Q3 2024 | 339 |
| Q4 2024 | 353 |
| Q1 2025 | 376 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 127 | 126 |
| Q3 2023 | 87 | 148 |
| Q4 2023 | 111 | 131 |
| Q1 2024 | 130 | 132 |
| Q2 2024 | 159 | 120 |
| Q3 2024 | 185 | 140 |
| Q4 2024 | 168 | 179 |
| Q1 2025 | 195 | 169 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $17.2m | $15.8m | 0.92 |
| Q3 2024 | $26.8m | $19.7m | 0.73 |
| Q4 2024 | $35.1m | $30.6m | 0.87 |
| Q1 2025 | $12.3m | $9.3m | 0.76 |
Biggest buyers
| Invesco Ltd. | Added | +670.8k |
| AQR CAPITAL MANAGEMENT LLC | Added | +445.6k |
| Allianz Asset Management GmbH | Added | +436.0k |
| CITADEL ADVISORS LLC | Added | +435.5k |
| UBS Group AG | Added | +326.5k |
| BANK OF AMERICA CORP /DE/ | Added | +326.3k |
| Cubist Systematic Strategies, LLC | New | +260.2k |
| HANCOCK WHITNEY CORP | Added | +257.0k |
| Freestone Grove Partners LP | Added | +227.8k |
| MILLENNIUM MANAGEMENT LLC | Added | +208.2k |
Biggest sellers
| FMR LLC | Reduced | -1.3m |
| Focus Partners Wealth | Reduced | -890.9k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Reduced | -754.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -622.1k |
| GOLDMAN SACHS GROUP INC | Reduced | -532.1k |
| Balyasny Asset Management L.P. | Reduced | -493.3k |
| D. E. Shaw & Co., Inc. | Reduced | -427.3k |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | Sold out | -388.1k |
| BlackRock, Inc. | Reduced | -351.4k |
| MARSHALL WACE, LLP | Reduced | -317.8k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $3.9m102.8k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.1m56.1k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $1.9m50.0k shares |
| IMC-Chicago, LLC | Reduced | $1.1m29.6k shares |
| JANE STREET GROUP, LLC | Reduced | $998.7k26.2k shares |
| SIMPLEX TRADING, LLC | Reduced | $560.0k14.7k shares |
| GROUP ONE TRADING LLC | Reduced | $529.9k13.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $426.7k11.3k shares |
| Walleye Capital LLC | Reduced | $346.9k9.1k shares |
| Walleye Trading LLC | Reduced | $301.1k7.9k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $4.7m122.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $1.5m39.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.0m27.4k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $792.9k20.8k shares |
| JANE STREET GROUP, LLC | Reduced | $392.6k10.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $339.0k8.9k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | $224.9k5.9k shares |
| GROUP ONE TRADING LLC | Reduced | $183.0k4.8k shares |
| Walleye Capital LLC | Reduced | $156.3k4.1k 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 |
|---|---|
Viola Vincent J
13D · may seek influence
filed 2025-04-14
Stated purposeItem 4 of the Schedule 13D is hereby amended and supplemented to incorporate by reference the information set forth in Item 3 of this Amendment No. 7. Following the transactions contemplated in this Amendment No. 7, TJMT continues to beneficially own the majority of the voting power of the outstanding capital stock of the Issuer as a result of holding shares of the Class D Common Stock and therefore can approve or disapprove any matter requiring a majority vote of the Issuer's stockholders. As a result of the Reporting Persons' stock ownership, Mr. Vincent Viola's positions as Chairman Emeritus and a member of the Board and Mr. Michael T. Viola's position as Chairman of the Board, the Reporting Persons continue to be in a position to influence the management and policies of the Issuer and… Full filing |
45.2% |
| BlackRock, Inc. 13G · institution filed 2025-04-30 | 11.1% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.4% |
| FMR LLC 13G · institution -1.6 pts · filed 2025-05-12 | 5.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.0% |
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 2025
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 2023 | 1 | $842.5k | 1 | $969.5k | — |
| Q3 2023 | 2 | $1.1m | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 1 | $810.5k | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 1 | $147.4k | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 2 | $5.2m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-02-18 | Cavoli Stephen EVP | Sold | $1.3m34.0k shares |
| 2025-02-14 | Cavoli Stephen EVP | Sold | $1.3m34.0k shares |
| 2025-02-12 | Fairclough Brett Co-President & Co-COO | Sold | $2.7m73.0k 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, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 10.8m $409.8m | Reduced -351.4k |
| VANGUARD GROUP INC 0.01% of their portfolio | 9.6m $364.8m | Added +165.4k |
| FMR LLC 0.01% of their portfolio | 5.1m $193.3m | Reduced -1.3m |
| RENAISSANCE TECHNOLOGIES LLC 0.21% of their portfolio | 3.7m $141.2m | Reduced -77.1k |
| STATE STREET CORP 0.00% of their portfolio | 2.9m $109.8m | Reduced -237.7k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.8m $70.1m | Added +21.7k |
| Invesco Ltd. 0.01% of their portfolio | 1.5m $56.2m | Added +670.8k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.4m $54.8m | Added +51.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.4m $53.6m | Reduced -43.4k |
| AQR CAPITAL MANAGEMENT LLC 0.05% of their portfolio | 1.3m $49.8m | Added +445.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.2m $45.6m | Reduced -75.7k |
| Allianz Asset Management GmbH 0.06% of their portfolio | 1.1m $40.5m | Added +436.0k |
| MORGAN STANLEY 0.00% of their portfolio | 963.1k $36.7m | Added +125.0k |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 930.1k $35.9m | Added +95.7k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 916.5k $34.9m | Added +435.5k |
| Focus Partners Wealth 0.09% of their portfolio | 912.2k $34.8m | Reduced -890.9k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 908.0k $34.6m | Added +101.7k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 905.8k $34.5m | Added +208.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 876.7k $33.4m | Added +326.3k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.13% of their portfolio | 796.8k $30.4m | Reduced -234.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 766.5k $29.2m | Reduced -43.3k |
| Balyasny Asset Management L.P. 0.06% of their portfolio | 627.6k $23.9m | Reduced -493.3k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 617.4k $23.5m | Added +99.0k |
| TWO SIGMA INVESTMENTS, LP 0.05% of their portfolio | 613.9k $23.4m | Reduced -220.5k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 549.7k $21.0m | Reduced -427.3k |
| UBS Group AG 0.00% of their portfolio | 497.4k $19.0m | Added +326.5k |
| Nuveen, LLC 0.01% of their portfolio | 497.3k $19.0m | First filing |
| Connor, Clark & Lunn Investment Management Ltd. 0.08% of their portfolio | 491.3k $18.7m | Added +191.7k |
| Stephens Investment Management Group LLC 0.27% of their portfolio | 485.6k $18.5m | Added +34.8k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 421.3k $16.1m | Added +79.5k |
| FIL Ltd 0.02% of their portfolio | 417.4k $15.9m | Reduced -125.1k |
| Old West Investment Management, LLC 5.69% of their portfolio | 413.6k $15.8m | Reduced -258.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 401.1k $15.3m | Added +9.6k |
| GLENMEDE TRUST CO NA 0.08% of their portfolio | 400.1k $15.3m | Reduced -18.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 397.6k $15.2m | Reduced -40.9k |
| TWO SIGMA ADVISERS, LP 0.03% of their portfolio | 395.8k $15.1m | Reduced -68.8k |
| Portolan Capital Management, LLC 1.13% of their portfolio | 388.8k $14.8m | Reduced -139.8k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 383.9k $14.6m | Added +63.7k |
| CONGRESS ASSET MANAGEMENT CO 0.10% of their portfolio | 343.0k $13.1m | Reduced -25.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.01% of their portfolio | 326.5k $12.4m | Reduced -622.1k |
| HAHN CAPITAL MANAGEMENT LLC 5.76% of their portfolio | 312.4k $11.9m | Reduced -33.6k |
| OLD NATIONAL BANCORP /IN/ 0.31% of their portfolio | 309.2k $11.8m | Reduced -19.7k |
| Public Sector Pension Investment Board 0.05% of their portfolio | 302.7k $11.5m | Added +101.5k |
| HANCOCK WHITNEY CORP 0.37% of their portfolio | 293.8k $11.2m | Added +257.0k |
| TUDOR INVESTMENT CORP ET AL 0.09% of their portfolio | 266.3k $10.2m | Added +21.1k |
| Cubist Systematic Strategies, LLC 0.13% of their portfolio | 260.2k $9.9m | New |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.31% of their portfolio | 248.8k $9.5m | Reduced -18.7k |
| Freestone Grove Partners LP 0.10% of their portfolio | 243.5k $9.3m | Added +227.8k |
| 1834 INVESTMENT ADVISORS CO 1.13% of their portfolio | 229.3k $8.7m | Reduced -57.5k |
| Legal & General Group Plc 0.00% of their portfolio | 227.7k $8.7m | Reduced -4.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 226.7k $8.6m | Reduced -19.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 226.2k $8.6m | Added +26.7k |
| Trexquant Investment LP 0.10% of their portfolio | 225.5k $8.6m | Added +172.3k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 218.2k $8.3m | Reduced -101.5k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 205.3k $7.8m | Reduced -222.3k |
| Moody Aldrich Partners LLC 1.60% of their portfolio | 200.9k $7.7m | Reduced -109.8k |
| Amundi 0.00% of their portfolio | 191.9k $7.2m | Added +103.7k |
| Keeley-Teton Advisors, LLC 0.89% of their portfolio | 191.7k $7.3m | Reduced -4.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 188.6k $7.2m | Reduced -15.9k |
| NORGES BANK 0.00% of their portfolio | 187.2k $7.1m | Reduced -149.6k |
| IBEX WEALTH ADVISORS 0.94% of their portfolio | 186.8k $7.1m | Added +2.3k |
| Orion Portfolio Solutions, LLC 0.03% of their portfolio | 186.5k $6.9m | Added +91.8k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 183.1k $7.0m | Reduced -4.7k |
| Advisors Capital Management, LLC 0.10% of their portfolio | 176.3k $6.7m | Added +13.7k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 175.2k $6.7m | Added +63.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 172.1k $6.6m | Reduced -37.1k |
| Beacon Harbor Wealth Advisors, Inc. 1.51% of their portfolio | 170.5k $6.5m | New |
| ALGERT GLOBAL LLC 0.15% of their portfolio | 162.3k $6.2m | Reduced -4.6k |
| Swiss National Bank 0.00% of their portfolio | 158.2k $6.0m | Reduced -4.7k |
| GLOBALT Investments LLC / GA 0.24% of their portfolio | 153.2k $5.8m | Added +57.4k |
| Bridgewater Associates, LP 0.03% of their portfolio | 153.1k $5.8m | Added +37.4k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.10% of their portfolio | 149.4k $5.7m | Reduced -144.0k |
| Greenwich Wealth Management LLC 0.42% of their portfolio | 147.0k $5.6m | Added +4 |
| Clark Capital Management Group, Inc. 0.04% of their portfolio | 145.9k $5.6m | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 141.5k $5.4m | Reduced -532.1k |
| Alaska Permanent Fund Corp 0.07% of their portfolio | 135.1k $5.3m | Unchanged |
| HighTower Advisors, LLC 0.01% of their portfolio | 134.6k $5.1m | Added +26.3k |
| OP Asset Management Ltd 0.08% of their portfolio | 130.2k $5.0m | First filing |
| STIFEL FINANCIAL CORP 0.01% of their portfolio | 126.6k $4.8m | Added +824 |
| Harvest Fund Management Co., Ltd 0.21% of their portfolio | 117.3k $4.3m | Added +44.2k |
| SEIZERT CAPITAL PARTNERS, LLC 0.19% of their portfolio | 108.6k $4.1m | Reduced -44.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 107.8k $4.1m | Added +51.7k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 106.2k $4.0m | Added +7.6k |
| LPL Financial LLC 0.00% of their portfolio | 105.4k $4.0m | Added +32.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 104.0k $4.0m | Added +30.5k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 96.4k $3.4m | Reduced -12.6k |
| Orion Porfolio Solutions, LLC 0.03% of their portfolio | 91.8k $3.5m | Reduced -3.0k |
| CITIGROUP INC 0.00% of their portfolio | 91.3k $3.5m | Added +19.7k |
| SG Americas Securities, LLC 0.01% of their portfolio | 87.8k $3.3m | New |
| Rockefeller Capital Management L.P. 0.01% of their portfolio | 86.2k $3.3m | New |
| Richard Bernstein Advisors LLC 0.08% of their portfolio | 84.3k $3.2m | New |
| EPACRIA CAPITAL PARTNERS, LLC 2.56% of their portfolio | 82.6k $3.1m | Unchanged |
| AGF MANAGEMENT LTD 0.02% of their portfolio | 77.5k $3.0m | Added +6.5k |
| CAPITAL FUND MANAGEMENT S.A. 0.04% of their portfolio | 76.9k $2.9m | Added +41.2k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 76.8k $2.9m | Added +35.9k |
| BARCLAYS PLC 0.00% of their portfolio | 76.7k $2.9m | Reduced -82.0k |
| Schonfeld Strategic Advisors LLC 0.02% of their portfolio | 76.6k $2.9m | Added +23.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 76.1k $2.9m | Reduced -1.2k |
| LEUTHOLD GROUP, LLC 0.38% of their portfolio | 76.1k $2.9m | Reduced -4.4k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 73.1k $2.8m | Reduced -8.7k |