TWNasdaqSecurity & Commodity Brokers, Dealers, Exchanges & ServicesFiscal year ends December 31
Tradeweb Markets Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$114.70+1.21 (+1.07%)
Close on Oct 19, 2026
- Market cap
- $24.41B
- P/E (TTM)
- 27.4
- Dividend yield
- 0.42%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
50.0%
117M of 234M shares
Institutional holders
562
70 new, 86 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
0 buys · 23 sales
Net sold $44.61M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Wellington Investment Advisors Holdings LLP | 8,971,666 | 7.70% | 13G (passive) amendment | Sep 30, 2025 |
| BlackRock, Inc. | 6,450,951 | 5.50% | 13G (passive) amendment | Mar 31, 2025 |
| Wellington Management Company LLP | 6,204,054 | 5.00% | 13G (passive) amendment | Jun 30, 2026 |
| Vanguard Portfolio Management | 6,071,791 | 5.23% | 13G (passive) | Jun 30, 2026 |
| Vanguard Capital Management | 6,053,962 | 5.21% | 13G (passive) | Mar 31, 2026 |
| T. Rowe Price Associates, Inc. | 15,791,253 | 13.60% | 13G (passive) amendment | Dec 31, 2025 |
| Refinitiv Parent Limited | 119,921,521 | 50.80% | 13D (active) amendment | Mar 6, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of TW | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Price T Rowe Associates Inc /Md/ | 16,376,924 | 7.00% | $1.63M | +1,436,428 | 0.16% |
| BlackRock, Inc. | 6,882,278 | 2.94% | $685.89M | +53,444 | 0.01% |
| Wellington Management Group Llp | 6,204,054 | 2.65% | $618.30M | −1,300,121 | 0.11% |
| Vanguard Portfolio Management LLC | 6,057,601 | 2.59% | $603.70M | +447,730 | 0.03% |
| Vanguard Capital Management LLC | 5,238,973 | 2.24% | $522.12M | +48,178 | 0.01% |
| Carmignac Gestion | 3,876,800 | 1.66% | $386.36M | +1,590,600 | 5.01% |
| T. Rowe Price Investment Management, Inc. | 3,301,026 | 1.41% | $328.98K | −97,737 | 0.22% |
| State Street Corp | 2,807,827 | 1.20% | $279.83M | +63,023 | 0.01% |
| Aqr Capital Management LLC | 2,787,932 | 1.19% | $272.38M | −108,277 | 0.09% |
| Grantham, Mayo, Van Otterloo & Co. LLC | 2,663,518 | 1.14% | $265.45M | +12,855 | 0.60% |
| Capital World Investors | 2,313,422 | 0.99% | $230.56M | +114,561 | 0.03% |
| Geode Capital Management, LLC | 2,105,472 | 0.90% | $209.22M | −14,458 | 0.01% |
| Nordea Investment Management Ab | 1,688,604 | 0.72% | $165.15M | +39,570 | 0.13% |
| Morgan Stanley | 1,685,129 | 0.72% | $167.94M | −18,749 | 0.01% |
| Bessemer Group Inc | 1,603,992 | 0.69% | $159.85K | −22,607 | 0.22% |
| Norges Bank | 1,544,599 | 0.66% | $153.93M | New | 0.02% |
| Millennium Management LLC | 1,428,050 | 0.61% | $142.32M | −540,373 | 0.05% |
| Citadel Advisors LLC | 1,398,377 | 0.60% | $139.36M | +698,432 | 0.02% |
| Ninety One UK Ltd | 1,342,823 | 0.57% | $133.83M | −247,481 | 0.30% |
| Marshall Wace, Llp | 1,282,797 | 0.55% | $127.84M | +905,356 | 0.10% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 562 | 117M | 50.0% | 70 / 230 | 213 / 86 | 17M | 16M |
| Q1 2026 | 585 | 117M | 49.8% | 100 / 239 | 187 / 62 | 28M | 16M |
| Q4 2025 | 553 | 118M | 50.6% | 96 / 181 | 224 / 70 | 20M | 20M |
| Q3 2025 | 544 | 119M | 50.6% | 92 / 179 | 211 / 111 | 23M | 21M |
| Q2 2025 | 571 | 117M | 50.1% | 82 / 202 | 219 / 55 | 12M | 14M |
| Q1 2025 | 550 | 120M | 51.3% | 87 / 204 | 196 / 62 | 14M | 8M |
| Q4 2024 | 533 | 115M | 48.9% | 117 / 185 | 169 / 29 | 8M | 10M |
| Q3 2024 | 451 | 117M | 50.0% | 61 / 172 | 157 / 43 | 17M | 7M |
| Q2 2024 | 438 | 118M | 50.3% | 53 / 198 | 140 / 52 | 12M | 14M |
| Q1 2024 | 442 | 120M | 51.3% | 74 / 167 | 153 / 38 | 13M | 11M |
| Q4 2023 | 410 | 118M | 50.6% | 86 / 160 | 125 / 34 | 14M | 9M |
| Q3 2023 | 363 | 114M | 48.5% | 57 / 133 | 128 / 35 | 10M | 11M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of TW | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 3,684,088 | 1.57% | $367.16M | 0.02% | Jun 30, 2026 |
| Growth Fund of America | 2,700,140 | 1.15% | $270.69M | 0.08% | May 31, 2026 |
| Vanguard Mid-Cap Index Fund | 2,514,186 | 1.07% | $250.56M | 0.11% | Jun 30, 2026 |
| Vanguard Windsor Fund | 2,054,207 | 0.88% | $206.45M | 0.82% | Jul 31, 2026 |
| Vanguard Growth Index Fund | 1,867,769 | 0.80% | $186.14M | 0.05% | Jun 30, 2026 |
| T. Rowe Price Mid-Cap Growth Fund, Inc. | 1,733,781 | 0.74% | $172.79M | 0.75% | Jun 30, 2026 |
| T. Rowe Price Large-Cap Growth Fund | 1,446,009 | 0.62% | $144.11M | 0.70% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 1,330,463 | 0.57% | $132.59M | 0.14% | Jun 30, 2026 |
| T. Rowe Price U.S. Large-Cap Core Fund, Inc. | 1,193,713 | 0.51% | $118.97M | 0.66% | Jun 30, 2026 |
| Vanguard U.S. Growth Fund | 1,047,116 | 0.45% | $104.97M | 0.22% | May 31, 2026 |
| Vanguard Mid-Cap Growth Index Fund | 888,847 | 0.38% | $88.58M | 0.25% | Jun 30, 2026 |
| Franklin Growth Fund | 858,052 | 0.37% | $85.51M | 0.49% | Jun 30, 2026 |
| GMO Quality Fund | 781,093 | 0.33% | $78.30M | 0.62% | May 31, 2026 |
| T. Rowe Price Communications & Technology Fund | 718,414 | 0.31% | $71.60M | 0.88% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 596,872 | 0.26% | $59.84M | 0.14% | May 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| William Hult | Chief Executive Officer, Director | 144,285 | 0.06% | Mar 19, 2026 |
| Troy Dixon | MD, Co-Head of Global Markets | 31,863 | 0.01% | Aug 18, 2026 |
| Justin Peterson | Chief Technology Officer | 15,070 | 0.01% | Jun 2, 2026 |
| Amy Clack | Chief Administrative Officer | 21,557 | 0.01% | Mar 24, 2026 |
| Sara Furber | Chief Financial Officer | 22,264 | 0.01% | Mar 24, 2026 |
| Douglas Friedman | Chief Legal Officer | 13,921 | 0.01% | Mar 24, 2026 |
| Enrico Bruni | MD, Co-Head of Global Markets | 108,228 | 0.05% | Mar 19, 2026 |
| Scott Zucker | Chief Risk Officer | 21,033 | 0.01% | Mar 21, 2025 |
| Steven Berns | Director | 4,884 | 0.00% | May 27, 2026 |
| Scott Ganeles | Director | 15,330 | 0.01% | May 20, 2026 |
| Jacques Aigrain | Director | 12,222 | 0.01% | May 20, 2026 |
| Rana Yared | Director | 4,239 | 0.00% | May 20, 2026 |
| Lisa Opoku | Director | 4,469 | 0.00% | May 20, 2026 |
| Richard H. Repetto | Director | 3,178 | 0.00% | May 20, 2026 |
| Paula Madoff | Director | 16,845 | 0.01% | May 20, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Troy Dixon MD, Co-Head of Global Markets | Aug 17, 2026 | Sale(10b5-1 plan) | −2,584 | $106.06 | $274.06K | 31,863 |
| Troy Dixon MD, Co-Head of Global Markets | Aug 14, 2026 | Sale(10b5-1 plan) | −546 | $105.74 | $57.73K | 34,447 |
| Justin Peterson Chief Technology Officer | Jun 1, 2026 | Sale(10b5-1 plan) | −21,221 | $102.00 | $2.16M | 15,070 |
| Steven Berns Director | May 26, 2026 | Sale(10b5-1 plan) | −425 | $105.26 | $44.74K | 4,884 |
| Paula Madoff Director | May 19, 2026 | Award | +1,912 | – | – | 16,845 |
| Steven Berns Director | May 19, 2026 | Award | +1,645 | – | – | 5,309 |
| Scott Ganeles Director | May 19, 2026 | Award | +1,645 | – | – | 15,330 |
| Jacques Aigrain Director | May 19, 2026 | Award | +2,668 | – | – | 12,222 |
| Rana Yared Director | May 19, 2026 | Award | +1,645 | – | – | 4,239 |
| Richard H. Repetto Director | May 19, 2026 | Award | +1,645 | – | – | 3,178 |
| Lisa Opoku Director | May 19, 2026 | Award | +1,645 | – | – | 4,469 |
| Justin Peterson Chief Technology Officer | Apr 15, 2026 | Sale(10b5-1 plan) | −21,221 | $120.66 | $2.56M | 36,291 |
| Sara Furber Chief Financial Officer | Mar 23, 2026 | Sale(10b5-1 plan) | −1,614 | $124.86 | $201.52K | 22,264 |
| Douglas Friedman Chief Legal Officer | Mar 23, 2026 | Sale(10b5-1 plan) | −592 | $124.86 | $73.92K | 13,921 |
| Troy Dixon MD, Co-Head of Global Markets | Mar 20, 2026 | Sale(10b5-1 plan) | −2,584 | $125.75 | $324.94K | 34,993 |
| Amy Clack Chief Administrative Officer | Mar 20, 2026 | Sale(10b5-1 plan) | −271 | $125.75 | $34.08K | 21,557 |
| Sara Furber Chief Financial Officer | Mar 20, 2026 | Sale(10b5-1 plan) | −4,911 | $125.13 | $614.51K | 23,878 |
| Douglas Friedman Chief Legal Officer | Mar 20, 2026 | Sale(10b5-1 plan) | −2,219 | $125.12 | $277.64K | 14,513 |
| Justin Peterson Chief Technology Officer | Mar 20, 2026 | Sale(10b5-1 plan) | −1,005 | $125.13 | $125.76K | 57,512 |
| Justin Peterson Chief Technology Officer | Mar 18, 2026 | Sale(10b5-1 plan) | −3,212 | $124.76 | $400.73K | 58,517 |
| Enrico Bruni MD, Co-Head of Global Markets | Mar 17, 2026 | Tax withholding | −1,511 | $126.17 | $190.64K | 108,228 |
| Enrico Bruni MD, Co-Head of Global Markets | Mar 17, 2026 | Award | +6 | – | – | 108,234 |
| Amy Clack Chief Administrative Officer | Mar 17, 2026 | Award | +3 | – | – | 21,828 |
| Amy Clack Chief Administrative Officer | Mar 17, 2026 | Tax withholding | −1,128 | $126.17 | $142.32K | 21,825 |
| Justin Peterson Chief Technology Officer | Mar 17, 2026 | Tax withholding | −1,241 | $126.17 | $156.58K | 61,726 |
| Justin Peterson Chief Technology Officer | Mar 17, 2026 | Award | +3 | – | – | 61,729 |
| Sara Furber Chief Financial Officer | Mar 17, 2026 | Tax withholding | −1,679 | $126.17 | $211.84K | 28,783 |
| Sara Furber Chief Financial Officer | Mar 17, 2026 | Award | +6 | – | – | 28,789 |
| William Hult Chief Executive Officer, Director | Mar 17, 2026 | Tax withholding | −5,656 | $126.17 | $713.62K | 144,285 |
| William Hult Chief Executive Officer, Director | Mar 17, 2026 | Award | +17 | – | – | 144,302 |
| Douglas Friedman Chief Legal Officer | Mar 17, 2026 | Tax withholding | −619 | $126.17 | $78.10K | 16,731 |
| Douglas Friedman Chief Legal Officer | Mar 17, 2026 | Award | +1 | – | – | 16,732 |
| Troy Dixon MD, Co-Head of Global Markets | Mar 15, 2026 | Award | +10,850 | – | – | 42,916 |
| Troy Dixon MD, Co-Head of Global Markets | Mar 15, 2026 | Tax withholding | −5,364 | $124.42 | $667.39K | 37,552 |
| Troy Dixon MD, Co-Head of Global Markets | Mar 15, 2026 | Award | +25 | – | – | 37,577 |
| Amy Clack Chief Administrative Officer | Mar 15, 2026 | Award | +6,429 | – | – | 22,953 |
| Enrico Bruni MD, Co-Head of Global Markets | Mar 15, 2026 | Award | +11,752 | – | – | 114,071 |
| Enrico Bruni MD, Co-Head of Global Markets | Mar 15, 2026 | Award | +44 | – | – | 109,739 |
| Enrico Bruni MD, Co-Head of Global Markets | Mar 15, 2026 | Tax withholding | −4,376 | $124.42 | $544.46K | 109,695 |
| Douglas Friedman Chief Legal Officer | Mar 15, 2026 | Award | +6,510 | – | – | 19,638 |
| Douglas Friedman Chief Legal Officer | Mar 15, 2026 | Award | +18 | – | – | 17,350 |
| Douglas Friedman Chief Legal Officer | Mar 15, 2026 | Tax withholding | −2,306 | $124.42 | $286.91K | 17,332 |
| Justin Peterson Chief Technology Officer | Mar 15, 2026 | Award | +8,037 | – | – | 66,878 |
| Justin Peterson Chief Technology Officer | Mar 15, 2026 | Award | +29 | – | – | 62,967 |
| Justin Peterson Chief Technology Officer | Mar 15, 2026 | Tax withholding | −3,940 | $124.42 | $490.21K | 62,938 |
| William Hult Chief Executive Officer, Director | Mar 15, 2026 | Award | +37,507 | – | – | 164,245 |
| William Hult Chief Executive Officer, Director | Mar 15, 2026 | Tax withholding | −14,408 | $124.42 | $1.79M | 149,837 |
| William Hult Chief Executive Officer, Director | Mar 15, 2026 | Award | +104 | – | – | 149,941 |
| Sara Furber Chief Financial Officer | Mar 15, 2026 | Tax withholding | −5,077 | $124.42 | $631.68K | 30,418 |
| Sara Furber Chief Financial Officer | Mar 15, 2026 | Award | +44 | – | – | 30,462 |
| Sara Furber Chief Financial Officer | Mar 15, 2026 | Award | +11,975 | – | – | 35,495 |
| William Hult Chief Executive Officer, Director | Mar 3, 2026 | Option exercise | +72,450 | $20.59 | $1.49M | 199,188 |
| William Hult Chief Executive Officer, Director | Mar 3, 2026 | Sale(10b5-1 plan) | −72,450 | $125.62 | $9.10M | 126,738 |
| Enrico Bruni MD, Co-Head of Global Markets | Feb 20, 2026 | Sale | −17,380 | $119.27 | $2.07M | 102,319 |
| Sara Furber Chief Financial Officer | Feb 10, 2026 | Sale(10b5-1 plan) | −63,128 | $115.10 | $7.27M | 23,520 |
| Douglas Friedman Chief Legal Officer | Feb 10, 2026 | Sale(10b5-1 plan) | −6,760 | $115.50 | $780.78K | 13,128 |
| Douglas Friedman Chief Legal Officer | Feb 10, 2026 | Sale(10b5-1 plan) | −23,789 | $115.45 | $2.75M | 19,888 |
| Amy Clack CAO and CRO | Feb 10, 2026 | Sale(10b5-1 plan) | −839 | $114.68 | $96.22K | 16,524 |
| Amy Clack CAO and CRO | Feb 10, 2026 | Sale(10b5-1 plan) | −838 | $114.68 | $96.10K | 17,363 |
| Justin Peterson Chief Technology Officer | Feb 10, 2026 | Sale(10b5-1 plan) | −11,254 | $115.47 | $1.30M | 58,841 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Troy Dixon T Officer | Aug 14, 2026 | 3,130 | $330.31K | Aug 14, 2026 | Restricted Stock Units |
| Peterson Justin Officer | Jun 1, 2026 | 21,221 | $2.13M | Jun 1, 2026 | Performance Stock Units |
| Berns Steven Director | May 26, 2026 | 425 | $45.14K | May 26, 2026 | Restricted Stock Units |
| Peterson Justin Officer | Apr 15, 2026 | 21,221 | $2.58M | Apr 15, 2026 | Performance Stock Units |
| Furber Sara Officer | Mar 20, 2026 | 6,525 | $822.22K | Mar 20, 2026 | Restricted Stock Units |
| L. Friedman Douglas Officer | Mar 20, 2026 | 2,811 | $354.21K | Mar 20, 2026 | Restricted Stock Units |
| Clack Amy Officer | Mar 20, 2026 | 271 | $34.15K | Mar 20, 2026 | Restricted Stock Units |
| Troy Dixon T. Director | Mar 20, 2026 | 2,584 | $325.61K | Mar 20, 2026 | Restricted Stock Units |
| Peterson Justin Officer | Mar 20, 2026 | 1,005 | $126.64K | Mar 20, 2026 | Restricted Stock Units |
| Peterson Justin Officer | Mar 18, 2026 | 3,212 | $405.26K | Mar 18, 2026 | Restricted Stock Units |
| Hult William Director, Officer | Mar 3, 2026 | 72,450 | $8.91M | Mar 3, 2026 | Exercise of Stock Options |
| Bruni Enrico Officer | Feb 20, 2026 | 17,380 | $2.07M | Feb 20, 2026 | Restricted stock vesting under a registered plan |
| L. Friedman Douglas Officer | Feb 10, 2026 | 30,549 | $3.53M | Feb 10, 2026 | Performance Restricted Stock Units |
| Hult William Director, Officer | Feb 10, 2026 | 121,218 | $14.02M | Feb 10, 2026 | Exercise of Stock Options |
| Clack Amy Officer | Feb 10, 2026 | 1,677 | $193.96K | Feb 10, 2026 | Restricted Stock Units |