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Tradeweb Markets Inc. · Financial Services · Financial - Capital Markets
Momentum inputs (comparable managers):
holder breadth -9.5% ·
share flow +10.7% ·
net new positions -15.8%
— formula
Concentrated accumulation — rising shares among fewer holders
All ownership figures: tracked 13F managers only, common-stock positions, reporting period Q3 2025
| Quarter | Holders | Δ | Shares | Reported value | New | Exits |
|---|---|---|---|---|---|---|
| Q2 2026 | 150 | +2 | 84.77M | $8.44B | +8 | −7 |
| Q1 2026 | 152 | -1 | 81.07M | $9.54B | +4 | −6 |
| Q4 2025 | 153 | +3 | 91.13M | $9.80B | +4 | — |
| Q3 2025 | 19 | -2 | 62.26M | $6.91B | — | −3 |
| Q2 2025 | 19 | -1 | 50.41M | $7.38B | — | −1 |
| Q1 2025 | 17 | 0 | 29.62M | $4.40B | — | — |
| Q4 2024 | 17 | +2 | 29.03M | $3.80B | +3 | −1 |
| Q3 2024 | 14 | 0 | 30.35M | $3.75B | +1 | −1 |
| Q2 2024 | 14 | — | 29.15M | $3.09B | — | — |
| # | Manager | Shares | Δ shares | Value | Their weight | Held | ||
|---|---|---|---|---|---|---|---|---|
| 1 | T. Rowe Price ✦ | 12.89M | +51.0% | $1.43B | 0.2% | ▲ Add | 6 | SEC ↗ ×2 |
| 2 | The Vanguard Group ✦ (passive) | 12.64M | +6.6% | $1.40B | 0.0% | ▲ Add | 2 | SEC ↗ ×6 |
| 3 | Wellington Management ✦ | 8.97M | +30.7% | $995.68M | 0.2% | ▲ Add | 6 | SEC ↗ ×9 |
| 4 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ ×21 |
| 5 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ ×26 |
| 6 | State Street Global Advisors ✦ (passive) | 2.68M | +2.1% | $297.38M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 7 | Capital World Investors ✦ | 2.05M | -24.2% | $226.99M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 8 | Geode Capital Management ✦ (passive) | 2.00M | -3.3% | $221.64M | 0.0% | ▼ Trim | 6 | SEC ↗ ×2 |
| 9 | Renaissance Technologies ✦ | 1.64M | -5.9% | $182.54M | 0.2% | ▼ Trim | 6 | SEC ↗ |
| 10 | Morgan Stanley ✦ | 1.62M | — | $179.47M | 0.0% | n/c | 1 | SEC ↗ ×16 |
| 11 | Fidelity (FMR) ✦ | 1.61M | +12.2% | $178.29M | 0.0% | ▲ Add | 2 | SEC ↗ ×4 |
| 12 | Goldman Sachs Group ✦ | 706.90K | — | $78.45M | 0.0% | n/c | 1 | SEC ↗ ×2 |
| 13 | D. E. Shaw & Co. ✦ | 589.85K | +183.7% | $65.46M | 0.1% | ▲ Add | 6 | SEC ↗ ×2 |
| 14 | PRIMECAP Management ✦ | 547.01K | -63.6% | $60.71M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 15 | Two Sigma Investments ✦ | 504.00K | +316.3% | $55.93M | 0.1% | ▲ Add | 6 | SEC ↗ |
| 16 | AQR Capital Management ✦ | 478.96K | +34.5% | $53.15M | 0.0% | ▲ Add | 6 | SEC ↗ ×6 |
| 17 | Millennium Management ✦ | 439.10K | +636.4% | $48.73M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 18 | Citadel Advisors ✦ | 59.75K | -74.1% | $6.63M | 0.0% | ▼ Trim | 6 | SEC ↗ ×2 |
| 19 | Gotham Asset Management ✦ | 41.84K | -68.7% | $4.64M | 0.0% | ▼ Trim | 6 | SEC ↗ |
“Their weight” = the position's share of that manager's reported 13F equity value — the conviction measure. ✦ = curated manager.
New buyers
| No new tracked buyers this quarter. |
Exited
| Norges Bank | $203.86M | was 0.0% |
| Arrowstreet Capital | $24.90M | was 0.0% |
| Marshall Wace | $351,360 | was 0.0% |
Full-market context: across ALL 13F filers (SEC structured data, Q1 2026): 576 holders, 112.16M shares, $10.77B reported. This is a different, older period than the tracked-universe figures above and the two are never mixed.
What else this security's tracked holders most often hold — shared-ownership counts, not fundamental relationships.
Open-market purchases (P)
No open-market insider purchases in our coverage window.
Open-market sales (S)
Officer · 2.58K sh · $274,059
Officer · 546 sh · $57,734
Awards, exercises and tax withholding are never counted as buys or sales here. Methodology