Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Tradeweb Mkts Inc (TW)

574 + Investors. Track Smart Money conviction in TW. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +32
Streak
2Q ▲
Buyers last Q
57%

Smart Money Signals — TW

Based on 577 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds added TW than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
577 hedge funds hold TW right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +7% more funds vs a year ago

fund count last 6Q
+39 new funds entered over the past year (+7% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 57% buying

335 buying256 selling
Last quarter: 335 funds bought or added vs 256 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~99 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 87 → 90 → 101 → 99. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

54% of holders stayed for 2+ years

■ 54% conviction (2yr+) ■ 22% medium ■ 24% new
312 out of 577 hedge funds have held TW for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
📈

Growing discovery — still being found

94 → 87 → 90 → 101 → 99 new funds/Q
New funds entering each quarter: 87 → 90 → 101 → 99. A growing number of institutions are discovering TW each quarter. The narrative is still spreading — leaving room for ongoing capital accumulation.
🏛️

Veteran-anchored — 58% veterans vs 30% newcomers

■ 58% veterans ■ 11% 1-2yr ■ 30% new
Entry-cohort mix of 590 holders: 345 (58%) are 2+ year veterans, 67 entered 1–2 years ago, and 178 (30%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 44% AUM from top-100 funds

44% from top-100 AUM funds
61 of 577 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in TW. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — TW

In 2026 Q1, 335 hedge funds were net buyers of TW (99 opened a new position, 236 added to an existing one), while 256 reduced or exited (189 trimmed, 67 sold completely) — a 57% buyer ratio, indicating a slight buying edge. Net buying has persisted for two consecutive quarters, a positive momentum signal. 44% of total institutional value in TW is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +32 funds (more new holders than closures). Total institutional holders: 577.

Hedge Fund Ownership: TW

How many hedge funds hold TW — quarterly history vs. share price
Quarterly hedge fund ownership of TW vs. share price

Market Analysis: TW

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: TW

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Tradeweb Mkts Inc (TW) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much TW has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 81d ago
TW
nan%
XLF
+8.5%

TW outperformed XLF by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 36d ago
TW
nan%
XLF
+4.8%

Since the filing became public, TW outperformed XLF by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

42 top-rated funds 6 high-conviction
Consensus
7.1
/ 10
breadth
×
Elite
3.8
/ 10
conviction
Hedge Fund Positioning: TW
574 + Investors

Track Smart Money conviction in TW. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 574 545 5.32%
13F Shares 112M 116M -2.89%
Total Value $10.81B $10.71B 0.87%
New Positions 98 101 -3
Increased Positions 233 180 +53
Closed Positions 69 85 -16
Reduced Positions 181 213 -32
Total Calls 8 8 -
Total Puts 5 8 -37.5%
PUT/CALL Ratio 0.62 1.0 Bullish

Statistics: TW

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
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Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

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Profit Margin --
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Total Cash (mrq) --
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Institutional Holders (2026 Q1)

574 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in TW. Verified SEC 13F-HR filings.

QUARTER:
Top 25 TW holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Square Wave Capital, LLC 14.08% 494,815 $58.2M
2 HMI Capital Management, L.P. 7.23% 463,700 $54.6M
3 Praesidium Investment Management Company, LLC 6.31% 224,358 $26.4M
4 Linonia Partnership LP 6.10% 2,791,246 $328.4M
5 SeaTown Holdings Pte. Ltd. 5.07% 65,800 $7.7M
6 Wilson Asset Management (international) Pty Ltd 5.06% 152,134 $17.9M
7 Nutshell Asset Management Ltd 4.45% 69,619 $8.2M
8 Carmignac Gestion 4.13% 2,286,200 $269.0M
9 Evolutionary Tree Capital Management, LLC 3.66% 16,550 $1.9M
10 Kensico Capital Management Corp 2.42% 1,007,800 $118.6M
11 Alamar Capital Management, LLC 2.22% 30,825 $3.6M
12 Champlain Investment Partners, LLC 2.19% 1,469,486 $172.9M
13 Montanaro Asset Management Ltd 1.87% 53,150 $6.3M
14 Cantillon Capital Management LLC 1.85% 2,367,041 $278.5M
15 Ceera Investments, LLC 1.77% 34,384 $4.0M
16 Retireful, LLC 1.65% 9,939 $1.2M
17 American Capital Management Inc 1.58% 249,247 $29.3M
18 Illumine Investment Management, LLC 1.56% 17,278 $2.0M
19 Taylor Frigon Capital Management LLC 1.50% 22,437 $2.6M
20 North Reef Capital Management LP 1.36% 337,071 $39.7M
21 Renaissance Group LLC 1.35% 273,837 $32.2M
22 Harding Loevner LP 1.31% 1,085,069 $127.7M
23 Torray Investment Partners LLC 1.31% 76,049 $8.9M
24 Roberts Wealth Advisors, LLC 1.10% 36,955 $4.3M
25 Junto Capital Management LP 1.06% 427,544 $50.3M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Tradeweb Mkts Inc (TW)

What does the Smart Money Trend signal show for TW?

Buying streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds added TW than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for TW?

Slight buying edge — 57% buying: Last quarter: 335 funds bought or added vs 256 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for TW holders?

Elite ownership — 44% AUM from top-100 funds: 61 of 577 holders are among the 100 largest funds by AUM, controlling 44% of total institutional value in TW. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held TW?

54% of holders stayed for 2+ years: 312 out of 577 hedge funds have held TW for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Tradeweb Mkts Inc (TW) following the 2026 Q1 hedge fund 13F filings?

As of today, TW has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), TW has gained nan% vs +8.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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