TW
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 | 152 | +2 | 85.11M | $8.47B | +8 | −5 |
| 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 | T. Rowe Price ✦ | 12.89M | +51.0% | $1.43B | 0.2% | ▲ Add | 6 | SEC ↗ |
| 3 | The Vanguard Group ✦ (passive) | 12.64M | +6.6% | $1.40B | 0.0% | ▲ Add | 2 | SEC ↗ |
| 4 | The Vanguard Group ✦ (passive) | 12.64M | +6.6% | $1.40B | 0.0% | ▲ Add | 2 | SEC ↗ |
| 5 | The Vanguard Group ✦ (passive) | 12.64M | +6.6% | $1.40B | 0.0% | ▲ Add | 2 | SEC ↗ |
| 6 | The Vanguard Group ✦ (passive) | 12.64M | +6.6% | $1.40B | 0.0% | ▲ Add | 2 | SEC ↗ |
| 7 | The Vanguard Group ✦ (passive) | 12.64M | +6.6% | $1.40B | 0.0% | ▲ Add | 2 | SEC ↗ |
| 8 | The Vanguard Group ✦ (passive) | 12.64M | +6.6% | $1.40B | 0.0% | ▲ Add | 2 | SEC ↗ |
| 9 | Wellington Management ✦ | 8.97M | +30.7% | $995.68M | 0.2% | ▲ Add | 6 | SEC ↗ |
| 10 | Wellington Management ✦ | 8.97M | +30.7% | $995.68M | 0.2% | ▲ Add | 6 | SEC ↗ |
| 11 | Wellington Management ✦ | 8.97M | +30.7% | $995.68M | 0.2% | ▲ Add | 6 | SEC ↗ |
| 12 | Wellington Management ✦ | 8.97M | +30.7% | $995.68M | 0.2% | ▲ Add | 6 | SEC ↗ |
| 13 | Wellington Management ✦ | 8.97M | +30.7% | $995.68M | 0.2% | ▲ Add | 6 | SEC ↗ |
| 14 | Wellington Management ✦ | 8.97M | +30.7% | $995.68M | 0.2% | ▲ Add | 6 | SEC ↗ |
| 15 | Wellington Management ✦ | 8.97M | +30.7% | $995.68M | 0.2% | ▲ Add | 6 | SEC ↗ |
| 16 | Wellington Management ✦ | 8.97M | +30.7% | $995.68M | 0.2% | ▲ Add | 6 | SEC ↗ |
| 17 | Wellington Management ✦ | 8.97M | +30.7% | $995.68M | 0.2% | ▲ Add | 6 | SEC ↗ |
| 18 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 19 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 20 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 21 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 22 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 23 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 24 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 25 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 26 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 27 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 28 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 29 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 30 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 31 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 32 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 33 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 34 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 35 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 36 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 37 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 38 | BlackRock ✦ (passive) | 7.89M | -6.1% | $876.09M | 0.0% | ▼ Trim | 2 | SEC ↗ |
| 39 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 40 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 41 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 42 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 43 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 44 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 45 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 46 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 47 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 48 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 49 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 50 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 51 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 52 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 53 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 54 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 55 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 56 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 57 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 58 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 59 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 60 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 61 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 62 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 63 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 64 | JPMorgan Chase ✦ | 4.90M | — | $543.61M | 0.0% | n/c | 1 | SEC ↗ |
| 65 | State Street Global Advisors ✦ (passive) | 2.68M | +2.1% | $297.38M | 0.0% | ▲ Add | 4 | SEC ↗ |
| 66 | Capital World Investors ✦ | 2.05M | -24.2% | $226.99M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 67 | Geode Capital Management ✦ (passive) | 2.00M | -3.3% | $221.64M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 68 | Geode Capital Management ✦ (passive) | 2.00M | -3.3% | $221.64M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 69 | Renaissance Technologies ✦ | 1.64M | -5.9% | $182.54M | 0.2% | ▼ Trim | 6 | SEC ↗ |
| 70 | Morgan Stanley ✦ | 1.62M | — | $179.47M | 0.0% | n/c | 1 | SEC ↗ |
| 71 | Morgan Stanley ✦ | 1.62M | — | $179.47M | 0.0% | n/c | 1 | SEC ↗ |
| 72 | Morgan Stanley ✦ | 1.62M | — | $179.47M | 0.0% | n/c | 1 | SEC ↗ |
| 73 | Morgan Stanley ✦ | 1.62M | — | $179.47M | 0.0% | n/c | 1 | SEC ↗ |
| 74 | Morgan Stanley ✦ | 1.62M | — | $179.47M | 0.0% | n/c | 1 | SEC ↗ |
| 75 | Morgan Stanley ✦ | 1.62M | — | $179.47M | 0.0% | n/c | 1 | SEC ↗ |
| 76 | Morgan Stanley ✦ | 1.62M | — | $179.47M | 0.0% | n/c | 1 | SEC ↗ |
| 77 | Morgan Stanley ✦ | 1.62M | — | $179.47M | 0.0% | n/c | 1 | SEC ↗ |
| 78 | Morgan Stanley ✦ | 1.62M | — | $179.47M | 0.0% | n/c | 1 | SEC ↗ |
| 79 | Morgan Stanley ✦ | 1.62M | — | $179.47M | 0.0% | n/c | 1 | SEC ↗ |
| 80 | Morgan Stanley ✦ | 1.62M | — | $179.47M | 0.0% | n/c | 1 | SEC ↗ |
| 81 | Morgan Stanley ✦ | 1.62M | — | $179.47M | 0.0% | n/c | 1 | SEC ↗ |
| 82 | Morgan Stanley ✦ | 1.62M | — | $179.47M | 0.0% | n/c | 1 | SEC ↗ |
| 83 | Morgan Stanley ✦ | 1.62M | — | $179.47M | 0.0% | n/c | 1 | SEC ↗ |
| 84 | Morgan Stanley ✦ | 1.62M | — | $179.47M | 0.0% | n/c | 1 | SEC ↗ |
| 85 | Morgan Stanley ✦ | 1.62M | — | $179.47M | 0.0% | n/c | 1 | SEC ↗ |
| 86 | Fidelity (FMR) ✦ | 1.61M | +12.2% | $178.29M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 87 | Fidelity (FMR) ✦ | 1.61M | +12.2% | $178.29M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 88 | Fidelity (FMR) ✦ | 1.61M | +12.2% | $178.29M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 89 | Fidelity (FMR) ✦ | 1.61M | +12.2% | $178.29M | 0.0% | ▲ Add | 2 | SEC ↗ |
| 90 | Goldman Sachs Group ✦ | 706.90K | — | $78.45M | 0.0% | n/c | 1 | SEC ↗ |
| 91 | Goldman Sachs Group ✦ | 706.90K | — | $78.45M | 0.0% | n/c | 1 | SEC ↗ |
| 92 | D. E. Shaw & Co. ✦ | 589.85K | +183.7% | $65.46M | 0.1% | ▲ Add | 6 | SEC ↗ |
| 93 | D. E. Shaw & Co. ✦ | 589.85K | +183.7% | $65.46M | 0.1% | ▲ Add | 6 | SEC ↗ |
| 94 | PRIMECAP Management ✦ | 547.01K | -63.6% | $60.71M | 0.0% | ▼ Trim | 6 | SEC ↗ |
| 95 | Two Sigma Investments ✦ | 504.00K | +316.3% | $55.93M | 0.1% | ▲ Add | 6 | SEC ↗ |
| 96 | AQR Capital Management ✦ | 478.96K | +34.5% | $53.15M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 97 | AQR Capital Management ✦ | 478.96K | +34.5% | $53.15M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 98 | AQR Capital Management ✦ | 478.96K | +34.5% | $53.15M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 99 | AQR Capital Management ✦ | 478.96K | +34.5% | $53.15M | 0.0% | ▲ Add | 6 | SEC ↗ |
| 100 | AQR Capital Management ✦ | 478.96K | +34.5% | $53.15M | 0.0% | ▲ Add | 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