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Tradeweb Markets Inc. (TW)

USD100.02 +1.19 (+1.21%)
US NASDAQ Financial Services Financial - Capital Markets
Address 1177 Avenue of the Americas 10036
New York City, NY, US
CEO William E. Hult
IPO 2019-04-04
CIK 1758730 ISIN US8926721064

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Also trades on NASDAQ Global Select · TW (USD) Stuttgart Stock Exchange · 4T0.SG (EUR)
Description

Tradeweb Markets Inc. is a global provider that develops and manages sophisticated electronic trading platforms across the Americas, Europe, the Middle East, Africa, and Asia Pacific. These digital venues facilitate transactions in a diverse array of financial instruments, including fixed income (rates and credit), money market products, and equities. The company offers a comprehensive range of services, encompassing pre-trade analytics and data, efficient trade execution, and streamlined processing. It also delivers valuable post-trade data insights, analytical tools, and detailed reporting solutions. Tradeweb caters to a broad spectrum of market participants. It provides flexible order management and trading systems for institutional investors, operating in 45 distinct financial markets and supporting 25 different currencies. Through its Dealerweb platform, it offers a mix of electronic, voice, and hybrid trading solutions to roughly 300 dealers and financial institutions. Furthermore, the Tradeweb Direct platform is specifically designed to serve financial advisory firms and individual traders. With a substantial client network of approximately 2,500 entities, Tradeweb serves the institutional, wholesale, and retail sectors. Its extensive client base includes asset managers, hedge funds, insurance providers, central banks, commercial banks, securities dealers, proprietary trading firms, retail brokerage houses, financial advisory practices, and regional dealers. Tradeweb Markets Inc. was established in 1996, with its corporate headquarters located in New York, New York. The company operates as a subsidiary of Refinitiv Parent Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD100.02 +1.19 (+1.21%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.62
Float Shares
211.97M
Free Float %
99.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.04% +1.32% -9.47% -5.23% +0.02% +2.23% -22.33% +51.02% +38.10% +207.01% +207.01%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (28 ratings, all time) Buy
Price Targets & DCF
Current price
100.02
Low 112.00 +12.0%
Consensus 131.20 +31.2%
Median 138.00 +38.0%
High 150.00 +50.0%
DCF (Unlevered) 143.74 +43.7%
DCF (Levered) 193.22 +93.2%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 40% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 3 -1
Hold 9 0
Sell 0 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month 2
134.00
+34.0%
Last Quarter 5
136.00
+36.0%
Last Year 32
142.78
+42.7%
All Time 48
135.19
+35.2%
Quality scores
Altman Z-Score
15.57
Safe zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
8 / 10
Strong MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers ★ Strong MOAT
  • Revenue growth Financial - Capital Markets: +19.7%
    +18.9% Q1'26: +21.2% (vs Q1'25)
  • EPS growth Financial - Capital Markets: +35.3%
    +61.5% Q1'26: +39.1% (vs Q1'25)
  • FCF margin FCF growth · Financial - Capital Markets: +29.5%
    +59.2% Q1'26: +15.3% (vs Q1'25)
  • EBIT margin Financial - Capital Markets: +33.5%
    +57.3% Q1'26: +49.1% (vs Q1'25)
  • ROIC Financial - Capital Markets: +4.0%
    +17.2% Q1'26: +16.9% (vs Q1'25)
  • Share dilution Financial - Capital Markets: +0.0%
    0.0% Q1'26: -0.7% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Financial - Capital Markets: -0.30×
    0.20× Q1'26: 0.10× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.67) × ERP
WACC = 99% × Ke + 1% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 143.74 Current price: 100.02
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
12 Rev. Ana.
10 EPS Ana.
Dec 2027
13 Rev. Ana.
10 EPS Ana.
Dec 2028
8 Rev. Ana.
2 EPS Ana.
Dec 2029
7 Rev. Ana.
1 EPS Ana.
Dec 2030
7 Rev. Ana.
1 EPS Ana.
Revenue
775.57M
est: 774.93M (+0.1%)
892.66M
est: 888.91M (+0.4%)
1.08B
est: 1.08B (+0.1%)
1.19B
est: 1.20B (-0.8%)
1.34B
est: 1.51B (-11.4%)
1.73B
est: 1.73B (+0.0%)
2.05B
est: 2.05B (-0.1%)
2.35B
2.31B – 2.45B
+14.6% YoY
2.61B
2.51B – 2.70B
+11.0% YoY
2.89B
2.88B – 2.90B
+10.5% YoY
3.27B
3.18B – 3.38B
+13.2% YoY
3.67B
3.57B – 3.79B
+12.2% YoY
EBITDA
362.28M
est: 299.09M (+21.1%)
428.57M
est: 364.82M (+17.5%)
542.88M
est: 492.03M (+10.3%)
617.82M
est: 550.46M (+12.2%)
681.10M
est: 844.59M (-19.4%)
978.68M
est: 964.91M (+1.4%)
1.43B
est: 1.15B (+24.3%)
1.32B
1.29B – 1.37B
+14.6% YoY
1.46B
1.40B – 1.51B
+11.0% YoY
1.61B
1.61B – 1.62B
+10.5% YoY
1.83B
1.78B – 1.89B
+13.2% YoY
2.05B
2.00B – 2.12B
+12.2% YoY
EBIT
222.95M
est: 178.19M (+25.1%)
274.78M
est: 254.98M (+7.8%)
371.57M
est: 356.49M (+4.2%)
438.94M
est: 400.43M (+9.6%)
495.75M
est: 633.85M (-21.8%)
758.68M
est: 724.15M (+4.8%)
1.18B
est: 861.89M (+36.6%)
987.39M
970.51M – 1.03B
+14.6% YoY
1.10B
1.05B – 1.13B
+11.0% YoY
1.21B
1.21B – 1.22B
+10.5% YoY
1.37B
1.34B – 1.42B
+13.2% YoY
1.54B
1.50B – 1.59B
+12.2% YoY
Net Income
83.77M
est: 119.06M (-29.6%)
166.30M
est: 161.46M (+3.0%)
226.83M
est: 225.21M (+0.7%)
309.34M
est: 259.52M (+19.2%)
364.87M
est: 432.90M (-15.7%)
501.51M
est: 623.50M (-19.6%)
812.79M
est: 740.87M (+9.7%)
807.93M
721.21M – 921.06M
+9.1% YoY
931.37M
799.36M – 1.10B
+15.3% YoY
1.11B
1.08B – 1.14B
+19.2% YoY
1.30B
1.26B – 1.36B
+17.2% YoY
1.69B
1.63B – 1.76B
+29.6% YoY
SGA
116.96M
est: 109.63M (+6.7%)
125.86M
est: 122.07M (+3.1%)
139.05M
est: 138.33M (+0.5%)
164.91M
est: 157.63M (+4.6%)
562.05M
est: 292.61M (+92.1%)
235.23M
est: 334.29M (-29.6%)
296.07M
est: 397.87M (-25.6%)
455.81M
448.02M – 475.29M
+14.6% YoY
506.16M
486.69M – 523.68M
+11.0% YoY
559.33M
557.62M – 561.03M
+10.5% YoY
633.14M
616.61M – 654.14M
+13.2% YoY
710.26M
691.72M – 733.82M
+12.2% YoY
EPS
1.17
est: 1.00 (+16.7%)
0.92
est: 1.30 (-29.5%)
1.13
est: 1.63 (-30.8%)
1.50
est: 1.86 (-19.5%)
1.73
est: 2.04 (-15.1%)
2.36
est: 2.90 (-18.7%)
3.81
est: 3.44 (+10.7%)
4.04
3.36 – 4.29
+17.5% YoY
4.57
3.72 – 5.14
+12.9% YoY
5.17
5.04 – 5.29
+13.2% YoY
6.06
5.85 – 6.32
+17.2% YoY
7.85
7.58 – 8.19
+29.6% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-05-11 UBS Buy Buy Maintain
2026-04-30 TD Cowen Hold Hold Maintain
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B+ 3/5 4/5 4/5 5/5 4/5 1/5 1/5
2026-05-08 B+ 3/5 4/5 4/5 5/5 3/5 1/5 1/5
2026-05-07 B+ 3/5 4/5 4/5 5/5 3/5 1/5 1/5
2026-05-06 B+ 3/5 4/5 4/5 5/5 3/5 1/5 1/5
2026-05-05 B+ 3/5 4/5 4/5 5/5 3/5 1/5 1/5
2026-05-04 B+ 3/5 4/5 4/5 5/5 3/5 1/5 1/5
2026-05-01 B+ 3/5 4/5 4/5 5/5 3/5 1/5 1/5
2026-04-30 B+ 3/5 4/5 4/5 5/5 3/5 1/5 1/5
2026-04-29 B+ 3/5 4/5 4/5 5/5 3/5 1/5 1/5
2026-04-28 B+ 3/5 4/5 4/5 5/5 3/5 1/5 1/5
2026-04-27 B+ 3/5 4/5 4/5 5/5 3/5 1/5 1/5
2026-04-24 B+ 3/5 4/5 4/5 5/5 3/5 1/5 1/5
2026-04-23 B+ 3/5 4/5 4/5 5/5 3/5 1/5 1/5
2026-04-22 B+ 3/5 4/5 4/5 5/5 3/5 1/5 1/5
2026-04-21 B+ 3/5 4/5 4/5 5/5 3/5 1/5 1/5
2026-04-20 B+ 3/5 4/5 4/5 5/5 3/5 1/5 1/5
2026-04-17 B+ 3/5 4/5 4/5 5/5 2/5 2/5 1/5
2026-04-16 B+ 3/5 4/5 4/5 5/5 2/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.16B
OE per share TTM
5.42
Owner's Yield
4.98%
Maintenance CapEx ratio
1.75%
Maint CapEx / Avg PPE
5.6%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
109
Total invested
407.04M
Insider transactions (90d)
0
Beneficial owners (>5%)
31
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 Refinitiv Holdings Limited 119.92M 65.30% 119.92M 119.92M CO Cayman Islands 2020-02-14
2 London Stock Exchange Group plc 119.92M 50.80% HC, CO 2024-09-19
3 Refinitiv Parent Limited 119.92M 50.80% OO 2024-09-19
4 Refinitiv TW Holdings Ltd. 96.93M 45.50% OO 2024-09-19
5 LSEG US Holdco, Inc. 22.99M 16.50% OO 2024-09-19
6 LSEGA, Inc. 22.99M 16.50% CO 2024-09-19
7 Refinitiv US LLC 22.99M 16.50% OO 2024-09-19
8 Refinitiv US PME LLC 22.99M 16.50% OO 2024-09-19
9 (1) BlackRock, Inc. 11.85M 11.00% 11.12M 11.85M HC Delaware 2022-06-09
10 The Vanguard Group - 23-1945930 9.08M 8.64% 71.9K 8.94M 142.3K IA Pennsylvania For 2022-02-10
11 52-0556948 8.03M 7.00% 5.28M 8.03M IA Maryland 2024-02-14
12 85-4328500 7.42M 6.50% 3.03M 7.42M IA Maryland 2024-02-14
13 Wellington Group Holdings LLP 6.17M 5.56% 5.53M HC Delaware 2023-02-06
14 Wellington Investment Advisors Holdings LLP 6.17M 5.56% 5.53M HC Delaware 2023-02-06
15 Wellington Management Group LLP 6.17M 5.56% 5.53M HC Massachusetts 2023-02-06
16 Wellington Management Company LLP 5.99M 5.39% 5.47M IA Delaware 2023-02-06
17 Owership Capital B.V. 5.72M 5.50% 4.74M 5.72M FI Netherlands 2021-06-08
18 95-1411037 13.00 7.10% 7.47M 7.47M IA Delaware 2022-02-11
19 BCP VII GP L.L.C. 0.00% OO Cayman Islands 2021-02-02
20 BCP VII Holdings Manager (Cayman) L.L.C. 0.00% OO Cayman Islands 2021-02-02
21 BCP York Holdings (Delaware) L.P. 0.00% PN Cayman Islands 2021-02-02
22 BCP York Holdings GP (Delaware) L.L.C. 0.00% OO Cayman Islands 2021-02-02
23 BCP York Subsidiary (Cayman) L.P. 0.00% PN Cayman Islands 2021-02-02
24 Blackstone Group Management L.L.C. 0.00% OO Cayman Islands 2021-02-02
25 Blackstone Holdings III GP L.P. 0.00% PN Cayman Islands 2021-02-02
26 Blackstone Holdings III GP Management L.L.C. 0.00% OO Cayman Islands 2021-02-02
27 Blackstone Holdings III L.P. 0.00% PN Cayman Islands 2021-02-02
28 Blackstone Management Associates (Cayman) VII L.P. 0.00% PN Cayman Islands 2021-02-02
29 Stephen A. Schwarzman 0.00% IN Cayman Islands 2021-02-02
30 The Blackstone Group Inc. 0.00% CO Cayman Islands 2021-02-02
31 York Parent Limited (f/k/a Refinitiv Holdings Limited) 0.00% CO Cayman Islands 2021-02-02

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
109
-452 vs prev Q
New positions
15
Closed positions
454
Increased
64
Reduced
30
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 PRICE T ROWE ASSOCIATES INC /MD/ 15.79M +2.9M (+22.5%) 1.70B +268.1M (+18.7%) 7.41% +1.366 pp 0.18% +0.030 pp USD101.62 +5.8% 27 qtrs
2 VANGUARD GROUP INC 11.96M -687.3K (-5.4%) 1.29B -117.4M (-8.4%) 5.61% -0.319 pp 0.02% -0.002 pp USD67.17 +60.1% 27 qtrs
3 WELLINGTON MANAGEMENT GROUP LLP 9.35M +378.3K (+4.2%) 1.01B +9.8M (+1.0%) 4.39% +0.183 pp 0.18% +0.002 pp USD93.92 +14.5% 22 qtrs
4 BLACKROCK, INC. 6.84M -1.1M (-13.3%) 735.94M -140.1M (-16.0%) 3.21% -0.491 pp 0.01% -0.003 pp USD123.67 -13.0% 6 qtrs
5 T. ROWE PRICE INVESTMENT MANAGEMENT, INC. 2.90M +618.6K (+27.2%) 311.53M +58.7M (+23.2%) 1.36% +0.292 pp 0.20% +0.042 pp USD68.10 +57.9% 14 qtrs
6 VIKING GLOBAL INVESTORS LP 2.77M +2.8M (+100.0%) 297.74M +297.7M (+100.0%) 1.30% +1.299 pp 0.79% +0.790 pp USD107.54 +0.0% 1 qtrs NEW
7 STATE STREET CORP 2.70M +24.6K (+0.9%) 290.80M -6.6M (-2.2%) 1.27% +0.012 pp 0.01% -0.001 pp USD69.24 +55.3% 27 qtrs
8 CANTILLON CAPITAL MANAGEMENT LLC 2.69M +753.9K (+39.0%) 289.09M +74.4M (+34.7%) 1.26% +0.355 pp 1.56% +0.381 pp USD92.94 +15.7% 11 qtrs
9 GRANTHAM, MAYO, VAN OTTERLOO & CO. LLC 2.52M +549.7K (+27.9%) 270.86M +52.3M (+24.0%) 1.18% +0.258 pp 0.69% +0.076 pp USD131.09 -18.0% 3 qtrs
10 CARMIGNAC GESTION 2.21M +954.6K (+75.8%) 238.14M +98.3M (+70.3%) 1.04% +0.449 pp 3.22% +1.137 pp USD109.32 -1.6% 15 qtrs
11 FRANKLIN RESOURCES INC 2.17M -1.4M (-39.9%) 233.45M -167.1M (-41.7%) 1.02% -0.674 pp 0.06% -0.043 pp USD57.63 +86.6% 27 qtrs
12 CAPITAL WORLD INVESTORS 2.08M +30.2K (+1.5%) 223.21M -3.8M (-1.7%) 0.97% +0.015 pp 0.03% -0.001 pp USD89.08 +20.7% 27 qtrs
13 GEODE CAPITAL MANAGEMENT, LLC 2.08M +75.8K (+3.8%) 222.94M +1.3M (+0.6%) 0.98% +0.036 pp 0.01% 0.000 pp USD72.92 +47.5% 27 qtrs
14 AQR CAPITAL MANAGEMENT LLC 1.85M +1.4M (+287.3%) 199.47M +146.3M (+275.3%) 0.87% +0.646 pp 0.10% +0.071 pp USD114.19 -5.8% 11 qtrs
15 MORGAN STANLEY 1.71M +96.3K (+6.0%) 184.26M +4.8M (+2.7%) 0.80% +0.046 pp 0.01% +0.000 pp USD87.60 +22.8% 27 qtrs
16 NORDEA INVESTMENT MANAGEMENT AB 1.62M +134.3K (+9.0%) 174.83M +10.9M (+6.7%) 0.76% +0.063 pp 0.15% +0.007 pp USD102.90 +4.5% 23 qtrs
17 NINETY ONE UK LTD 1.62M +16.7K (+1.0%) 174.40M -3.7M (-2.1%) 0.76% +0.008 pp 0.37% -0.011 pp USD130.98 -17.9% 27 qtrs
18 TD ASSET MANAGEMENT INC 1.59M +12.7K (+0.8%) 170.60M -4.0M (-2.3%) 0.74% +0.006 pp 0.14% -0.005 pp USD139.38 -22.8% 26 qtrs
19 BESSEMER GROUP INC 1.57M -46.0K (-2.8%) 169.11M -10.5M (-5.9%) 0.74% -0.021 pp 0.26% -0.015 pp USD70.88 +51.7% 13 qtrs
20 NORGES BANK 1.52M +1.5M (+100.0%) 163.59M +163.6M (+100.0%) 0.71% +0.714 pp 0.02% +0.018 pp USD107.54 +0.0% 1 qtrs NEW
21 AMERICAN CENTURY COMPANIES INC 1.41M -384.6K (-21.4%) 151.69M -47.5M (-23.9%) 0.66% -0.180 pp 0.08% -0.025 pp USD108.36 -0.8% 25 qtrs
22 CAPITAL INTERNATIONAL INVESTORS 1.26M +696.0K (+123.5%) 135.45M +72.9M (+116.6%) 0.59% +0.327 pp 0.02% +0.011 pp USD121.40 -11.4% 5 qtrs
23 CHAMPLAIN INVESTMENT PARTNERS, LLC 1.22M +245.8K (+25.3%) 130.81M +23.1M (+21.4%) 0.57% +0.116 pp 1.32% +0.512 pp USD74.27 +44.8% 25 qtrs
24 JPMORGAN CHASE & CO 1.22M -1.2M (-50.4%) 130.68M -141.1M (-51.9%) 0.57% -0.578 pp 0.01% -0.008 pp USD111.22 -3.3% 22 qtrs
25 CCLA INVESTMENT MANAGEMENT 1.18M +33.5K (+2.9%) 127.12M -269.0K (-0.2%) 0.55% +0.016 pp 2.04% +0.001 pp USD81.75 +31.5% 12 qtrs
26 HARDING LOEVNER LP 1.12M -182.5K (-14.0%) 120.57M -24.1M (-16.7%) 0.53% -0.085 pp 1.06% 0.000 pp USD84.92 +26.6% 22 qtrs
27 UBS GROUP AG 945.4K +488.8K (+107.1%) 101.67M +51.0M (+100.6%) 0.44% +0.229 pp 0.02% +0.009 pp USD111.83 -3.8% 27 qtrs
28 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 932.3K +18.3K (+2.0%) 100.26M -1.2M (-1.2%) 0.44% +0.009 pp 0.02% -0.001 pp USD71.19 +51.1% 27 qtrs
29 KENSICO CAPITAL MANAGEMENT CORP 728.1K +266.1K (+57.6%) 78.30M +27.0M (+52.7%) 0.34% +0.125 pp 1.33% +0.541 pp USD121.05 -11.2% 4 qtrs
30 FIERA CAPITAL CORP 712.4K -171.6K (-19.4%) 76.61M -21.5M (-21.9%) 0.33% -0.080 pp 0.24% -0.074 pp USD92.12 +16.7% 12 qtrs
31 NORTHERN TRUST CORP 662.0K -3.3K (-0.5%) 71.19M -2.6M (-3.6%) 0.31% -0.001 pp 0.01% 0.000 pp USD70.81 +51.9% 27 qtrs
32 UBS ASSET MANAGEMENT AMERICAS INC 653.2K +48.8K (+8.1%) 70.25M +3.2M (+4.7%) 0.31% +0.023 pp 0.01% +0.000 pp USD99.72 +7.8% 27 qtrs
33 NOMURA ASSET MANAGEMENT CO LTD 641.2K +71.3K (+12.5%) 68.95M +5.7M (+9.0%) 0.30% +0.034 pp 0.17% +0.010 pp USD120.83 -11.0% 23 qtrs
34 FIL LTD 619.7K +200.0K (+47.6%) 66.64M +20.1M (+43.1%) 0.29% +0.094 pp 0.05% +0.013 pp USD95.68 +12.4% 27 qtrs
35 TWO SIGMA INVESTMENTS, LP 597.8K +93.8K (+18.6%) 64.29M +8.4M (+14.9%) 0.28% +0.044 pp 0.09% +0.007 pp USD108.75 -1.1% 17 qtrs
36 RENAISSANCE TECHNOLOGIES LLC 592.5K -1.1M (-64.0%) 63.72M -118.8M (-65.1%) 0.28% -0.493 pp 0.10% -0.142 pp USD110.98 -3.1% 18 qtrs
37 BANK OF AMERICA CORP /DE/ 585.9K -98.4K (-14.4%) 63.01M -12.9M (-17.0%) 0.27% -0.046 pp 0.00% -0.001 pp USD117.67 -8.6% 27 qtrs
38 FMR LLC 566.4K -1.0M (-64.7%) 60.91M -117.4M (-65.8%) 0.27% -0.487 pp 0.00% -0.006 pp USD101.20 +6.3% 27 qtrs
39 HMI CAPITAL MANAGEMENT, L.P. 532.0K +93.5K (+21.3%) 57.21M +8.5M (+17.6%) 0.25% +0.044 pp 4.70% +1.886 pp USD110.38 -2.6% 2 qtrs
40 MAWER INVESTMENT MANAGEMENT LTD. 531.2K +62.6K (+13.4%) 57.12M +5.1M (+9.8%) 0.25% +0.030 pp 0.32% +0.050 pp USD71.15 +51.1% 21 qtrs
41 SQUARE WAVE CAPITAL, LLC 525.6K +107.7K (+25.8%) 56.52M +10.1M (+21.9%) 0.25% +0.051 pp 13.14% -3.830 pp USD114.59 -6.2% 5 qtrs
42 VICTORY CAPITAL MANAGEMENT INC 505.4K +56.8K (+12.7%) 54.35M +4.6M (+9.2%) 0.24% +0.027 pp 0.03% +0.002 pp USD117.89 -8.8% 26 qtrs
43 STEPHENS INVESTMENT MANAGEMENT GROUP LLC 489.8K +410.0 (+0.1%) 52.68M -1.6M (-3.0%) 0.23% +0.000 pp 0.69% -0.018 pp USD52.70 +104.1% 27 qtrs
44 QUBE RESEARCH & TECHNOLOGIES LTD 481.1K -457.2K (-48.7%) 51.74M -52.4M (-50.3%) 0.23% -0.214 pp 0.05% -0.055 pp USD111.21 -3.3% 11 qtrs
45 DIMENSIONAL FUND ADVISORS LP 473.7K +48.6K (+11.4%) 50.94M +3.8M (+8.0%) 0.22% +0.023 pp 0.01% +0.001 pp USD90.76 +18.5% 24 qtrs
46 COLONY GROUP, LLC 457.5K +29.0K (+6.8%) 49.20M +1.6M (+3.5%) 0.21% +0.014 pp 0.06% -0.021 pp USD105.45 +2.0% 8 qtrs
47 AUSTRALIANSUPER PTY LTD 449.8K +174.0K (+63.1%) 48.37M +17.8M (+58.0%) 0.21% +0.082 pp 0.22% +0.084 pp USD132.63 -18.9% 4 qtrs
48 NEUBERGER BERMAN GROUP LLC 445.5K -42.2K (-8.6%) 47.91M -6.2M (-11.5%) 0.21% -0.020 pp 0.04% -0.004 pp USD71.44 +50.5% 27 qtrs
49 D. E. SHAW & CO., INC. 428.9K -160.9K (-27.3%) 46.13M -19.3M (-29.5%) 0.20% -0.075 pp 0.03% -0.012 pp USD112.97 -4.8% 26 qtrs
50 PRIMECAP MANAGEMENT CO/CA/ 420.3K -126.7K (-23.2%) 45.20M -15.5M (-25.6%) 0.20% -0.059 pp 0.03% -0.012 pp USD61.27 +75.5% 27 qtrs
51 BAMCO INC /NY/ 381.3K -10.8K (-2.7%) 41.01M -2.5M (-5.8%) 0.18% -0.005 pp 0.11% -0.004 pp USD47.72 +125.4% 27 qtrs
52 MILLENNIUM MANAGEMENT LLC 368.2K -70.9K (-16.1%) 39.60M -9.1M (-18.7%) 0.17% -0.033 pp 0.02% -0.004 pp USD112.96 -4.8% 27 qtrs
53 CIBC PRIVATE WEALTH GROUP, LLC 357.1K -30.0K (-7.7%) 38.40M -4.6M (-10.6%) 0.17% -0.014 pp 0.06% -0.009 pp USD79.66 +35.0% 25 qtrs
54 FISHER FUNDS MANAGEMENT LTD 348.4K +17.1K (+5.2%) 37.72M +957.2K (+2.6%) 0.16% +0.008 pp 0.97% +0.003 pp USD128.64 -16.4% 3 qtrs
55 BANK OF NEW YORK MELLON CORP 349.2K -42.6K (-10.9%) 37.56M -5.9M (-13.6%) 0.16% -0.020 pp 0.01% -0.002 pp USD59.21 +81.6% 27 qtrs
56 HANDELSBANKEN FONDER AB 348.3K -243.9K (-41.2%) 37.46M -28.3M (-43.0%) 0.16% -0.114 pp 0.11% -0.096 pp USD120.40 -10.7% 23 qtrs
57 CAISSE DE DEPOT ET PLACEMENT DU QUEBEC 340.3K +827.0 (+0.2%) 36.60M -1.1M (-2.9%) 0.16% +0.001 pp 0.06% -0.006 pp USD96.77 +11.1% 21 qtrs
58 GOLDMAN SACHS GROUP INC 324.5K -382.4K (-54.1%) 34.89M -43.6M (-55.5%) 0.15% -0.179 pp 0.00% -0.005 pp USD107.50 +0.0% 26 qtrs
59 NORTH REEF CAPITAL MANAGEMENT LP 316.0K +274.8K (+667.1%) 33.99M +29.4M (+643.3%) 0.15% +0.129 pp 1.37% +1.154 pp USD107.99 -0.4% 2 qtrs
60 BROWN BROTHERS HARRIMAN & CO 305.9K +305.6K (+84,644.9%) 32.90M +32.9M (+82,017.6%) 0.14% +0.143 pp 0.18% +0.179 pp USD107.57 0.0% 7 qtrs
61 CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM 303.8K -72.6K (-19.3%) 32.67M -9.1M (-21.8%) 0.14% -0.034 pp 0.02% -0.006 pp USD75.82 +41.8% 27 qtrs
62 SUMITOMO MITSUI TRUST HOLDINGS, INC. 293.5K +52.9K (+22.0%) 31.56M +4.9M (+18.2%) 0.14% +0.025 pp 0.02% +0.003 pp USD78.34 +37.3% 24 qtrs
63 JANE STREET GROUP, LLC 262.9K -127.3K (-32.6%) 28.27M -15.0M (-34.7%) 0.12% -0.060 pp 0.00% -0.002 pp USD110.98 -3.1% 27 qtrs
64 LEGAL & GENERAL GROUP PLC 261.1K -31.5K (-10.8%) 28.08M -4.4M (-13.5%) 0.12% -0.015 pp 0.01% -0.001 pp USD75.93 +41.6% 27 qtrs
65 AMERICAN CAPITAL MANAGEMENT INC 258.7K -7.3K (-2.7%) 27.82M -1.7M (-5.8%) 0.12% -0.003 pp 1.23% +0.052 pp USD79.99 +34.4% 23 qtrs
66 TUDOR INVESTMENT CORP ET AL 249.1K +9.3K (+3.9%) 26.79M +169.8K (+0.6%) 0.12% +0.005 pp 0.05% +0.004 pp USD110.85 -3.0% 2 qtrs
67 DEUTSCHE BANK AG\ 242.7K +28.6K (+13.4%) 26.10M +2.3M (+9.8%) 0.11% +0.014 pp 0.01% +0.001 pp USD85.77 +25.4% 27 qtrs
68 RENAISSANCE GROUP LLC 232.9K -4.5K (-1.9%) 25.04M -1.3M (-4.9%) 0.11% -0.002 pp 1.01% +0.012 pp USD122.61 -12.3% 6 qtrs
69 AMUNDI 224.2K +13.1K (+6.2%) 24.11M +2.2M (+10.3%) 0.11% +0.006 pp 0.01% -0.001 pp USD112.07 -4.0% 19 qtrs
70 MARSHALL WACE, LLP 219.0K +219.0K (+100.0%) 23.56M +23.6M (+100.0%) 0.10% +0.103 pp 0.02% +0.021 pp USD107.54 +0.0% 15 qtrs
71 NORINCHUKIN BANK, THE 213.9K +55.4K (+35.0%) 23.00M +5.4M (+30.8%) 0.10% +0.026 pp 0.27% +0.032 pp USD124.84 -13.9% 3 qtrs
72 INVESCO LTD. 213.3K -641.8K (-75.1%) 22.93M -72.0M (-75.8%) 0.10% -0.301 pp 0.00% -0.011 pp USD110.81 -3.0% 27 qtrs
73 SQUAREPOINT OPS LLC 207.3K -201.8K (-49.3%) 22.29M -23.1M (-50.9%) 0.10% -0.095 pp 0.02% -0.022 pp USD110.98 -3.1% 17 qtrs
74 ALTSHULER SHAHAM LTD 205.0K +— (+0.0%) 22.05M -705.2K (-3.1%) 0.10% +0.000 pp 0.34% -0.041 pp USD110.98 -3.1% 2 qtrs
75 VINVA INVESTMENT MANAGEMENT LTD 199.2K +53.8K (+37.0%) 21.48M +5.3M (+32.7%) 0.09% +0.025 pp 0.27% -0.049 pp USD115.69 -7.0% 12 qtrs
76 PRAESIDIUM INVESTMENT MANAGEMENT COMPANY, LLC 186.8K -37.9K (-16.8%) 20.09M -4.8M (-19.4%) 0.09% -0.018 pp 3.72% -1.143 pp USD148.20 -27.4% 4 qtrs
77 CREDIT AGRICOLE S A 183.8K +25.4K (+16.1%) 19.76M +2.2M (+12.5%) 0.09% +0.012 pp 0.04% -0.002 pp USD110.50 -2.7% 2 qtrs
78 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 181.9K -9.6K (-5.0%) 19.56M -1.7M (-8.0%) 0.09% -0.004 pp 0.02% -0.002 pp USD72.82 +47.7% 23 qtrs
79 CANADA PENSION PLAN INVESTMENT BOARD 176.0K +5.1K (+3.0%) 18.93M -35.9K (-0.2%) 0.08% +0.003 pp 0.01% -0.001 pp USD91.11 +18.0% 14 qtrs
80 GOTHAM ASSET MANAGEMENT, LLC 175.6K +133.8K (+319.8%) 18.89M +14.2M (+306.8%) 0.08% +0.063 pp 0.07% +0.049 pp USD111.09 -3.2% 19 qtrs
81 NUVEEN, LLC 175.3K -31.8K (-15.3%) 18.86M -4.1M (-18.0%) 0.08% -0.015 pp 0.00% -0.001 pp USD148.46 -27.6% 4 qtrs
82 CARNEGIE CAPITAL ASSET MANAGEMENT, LLC 171.4K +4.9K (+2.9%) 18.43M -50.9K (-0.3%) 0.08% +0.002 pp 0.34% -0.008 pp USD95.80 +12.3% 23 qtrs
83 VOYA INVESTMENT MANAGEMENT LLC 167.5K -1.2M (-88.0%) 18.02M -136.9M (-88.4%) 0.08% -0.578 pp 0.02% -0.137 pp USD72.74 +47.8% 23 qtrs
84 SUMITOMO MITSUI DS ASSET MANAGEMENT COMPANY, LTD 155.4K +11.2K (+7.8%) 16.71M +710.3K (+4.4%) 0.07% +0.005 pp 0.13% +0.002 pp USD88.36 +21.7% 23 qtrs
85 ANDRA AP-FONDEN 151.1K -100.4K (-39.9%) 16.25M -11.7M (-41.8%) 0.07% -0.047 pp 0.20% -0.156 pp USD116.88 -8.0% 8 qtrs
86 AMERIPRISE FINANCIAL INC 150.3K +4.2K (+2.8%) 16.17M -56.5K (-0.3%) 0.07% +0.002 pp 0.00% 0.000 pp USD119.52 -10.0% 26 qtrs
87 WILSON ASSET MANAGEMENT (INTERNATIONAL) PTY LTD 148.1K +— (+0.0%) 15.92M -509.4K (-3.1%) 0.07% +0.000 pp 4.09% +0.021 pp USD76.99 +39.7% 13 qtrs
88 BLAIR WILLIAM & CO/IL 135.0K -11.9K (-8.1%) 14.52M -1.8M (-10.9%) 0.06% -0.006 pp 0.04% -0.004 pp USD116.85 -8.0% 12 qtrs
89 RHUMBLINE ADVISERS 131.2K -6.9K (-5.0%) 14.11M -1.2M (-7.9%) 0.06% -0.003 pp 0.01% -0.001 pp USD69.42 +54.9% 23 qtrs
90 JAIN GLOBAL LLC 124.5K +90.7K (+268.0%) 13.39M +9.6M (+256.6%) 0.06% +0.043 pp 0.06% +0.047 pp USD108.47 -0.9% 2 qtrs
91 SUSQUEHANNA INTERNATIONAL GROUP, LLP 118.3K -15.1K (-11.3%) 12.72M -2.1M (-14.1%) 0.06% -0.007 pp 0.00% 0.000 pp USD124.51 -13.6% 27 qtrs
92 CITADEL ADVISORS LLC 117.8K +73.3K (+164.7%) 12.67M +7.7M (+156.5%) 0.06% +0.034 pp 0.00% +0.001 pp USD112.18 -4.1% 27 qtrs
93 WORLDQUANT MILLENNIUM ADVISORS LLC 115.2K +67.6K (+142.3%) 12.39M +7.1M (+134.8%) 0.05% +0.032 pp 0.05% +0.025 pp USD108.96 -1.3% 5 qtrs
94 BARCLAYS PLC 113.7K +41.2K (+56.8%) 12.22M +3.3M (+36.4%) 0.05% +0.019 pp 0.00% +0.001 pp USD107.38 +0.1% 26 qtrs
95 SEI INVESTMENTS CO 112.8K -58.8K (-34.3%) 12.13M -6.9M (-36.3%) 0.05% -0.028 pp 0.01% -0.009 pp USD68.15 +57.8% 27 qtrs
96 CITIGROUP INC 111.5K -12.1K (-9.8%) 11.99M -1.7M (-12.6%) 0.05% -0.006 pp 0.01% -0.001 pp USD89.78 +19.8% 27 qtrs
97 CAPITAL FUND MANAGEMENT S.A. 109.7K +9.5K (+9.4%) 11.79M +672.4K (+6.0%) 0.05% +0.005 pp 0.03% +0.004 pp USD110.68 -2.8% 2 qtrs
98 LAKEHOUSE CAPITAL PTY LTD 108.9K +28.0K (+34.6%) 11.71M +2.7M (+30.4%) 0.05% +0.013 pp 8.44% +2.958 pp USD98.54 +9.1% 10 qtrs
99 HSBC HOLDINGS PLC 107.6K +55.1K (+104.9%) 11.62M +5.8M (+99.6%) 0.05% +0.026 pp 0.01% +0.003 pp USD104.48 +2.9% 25 qtrs
100 MITSUBISHI UFJ KOKUSAI ASSET MANAGEMENT CO., LTD. 108.7K -120.0 (-0.1%) 11.55M -533.0K (-4.4%) 0.05% 0.000 pp 0.01% -0.001 pp USD81.55 +31.9% 23 qtrs
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 290 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Baron Financials ETF BCFN 2.70% 1.24M 0.80%
2 Horizon Kinetics Blockchain Development ETF BCDF 2.29% 517.0K 0.85%
3 Invesco Bloomberg Financial Data Providers ETF FDIQ 2.06% 1.03M 0.35%
4 Neuberger Berman Disrupters ETF NBDS 1.91% 2.78M 0.65%
5 Invesco KBW NASDAQ Fintech UCITS ETF FTEK.L 1.82% 829.5K 0.49%
6 Nuveen ESG Mid-Cap Growth NUMG 1.53% 5.46M 0.31%
7 State Street SPDR S&P Capital Markets ETF KCE 1.49% 6.66M 0.35%
8 Invesco Zacks Mid-Cap ETF CZA 1.26% 2.35M 0.69%
9 Fidelity Disruptive Finance ETF FDFF 1.16% 477.6K 0.50%
10 iShares U.S. Broker-Dealers & Securities Exchanges ETF IAI 1.01% 14.24M 0.38%

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Ratio by volume
0.00
Bearish
Buys
0
Sells
1
Shares acquired
Shares disposed
21.2K
Cash buys
Cash sales
1.00
Net activity
-21,221
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-04-15 Peterson Justin Officer S-Sale D Class A common stock 21,221 120.66 2.56M 36,291 D
2026-03-23 Furber Sara Officer S-Sale D Class A common stock 1,614 124.86 201.5K 22,264 D
2026-03-23 Friedman Douglas Officer S-Sale D Class A common stock 592 124.86 73.9K 13,921 D
2026-03-20 Peterson Justin Officer S-Sale D Class A common stock 1,005 125.13 125.8K 57,512 D
2026-03-20 Furber Sara Officer S-Sale D Class A common stock 4,911 125.13 614.5K 23,878 D
2026-03-20 Friedman Douglas Officer S-Sale D Class A common stock 2,219 125.12 277.6K 14,513 D
2026-03-20 Dixon Troy Officer S-Sale D Class A common stock 2,584 125.75 324.9K 34,993 D
2026-03-20 Clack Amy Officer S-Sale D Class A common stock 271 125.75 34.1K 21,557 D
2026-03-18 Peterson Justin Officer S-Sale D Class A common stock 3,212 124.76 400.7K 58,517 D
2026-03-17 Peterson Justin Officer F-InKind D Class A common stock 1,241 126.17 156.6K 61,726 D
2026-03-17 Hult William Director / Officer F-InKind D Class A common stock 5,656 126.17 713.6K 144,285 D
2026-03-17 Furber Sara Officer F-InKind D Class A common stock 1,679 126.17 211.8K 28,783 D
2026-03-17 Friedman Douglas Officer F-InKind D Class A common stock 619 126.17 78.1K 16,731 D
2026-03-17 Clack Amy Officer A-Award A Class A common stock 3 0.00 21,828 D
2026-03-17 Bruni Enrico Officer F-InKind D Class A common stock 1,511 126.17 190.6K 108,228 D
2026-03-15 Peterson Justin Officer F-InKind D Class A common stock 3,940 124.42 490.2K 62,938 D
2026-03-15 Hult William Director / Officer A-Award A Class A common stock 104 0.00 149,941 D
2026-03-15 Furber Sara Officer F-InKind D Class A common stock 5,077 124.42 631.7K 30,418 D
2026-03-15 Friedman Douglas Officer A-Award A Class A common stock 6,510 0.00 19,638 D
2026-03-15 Dixon Troy Officer A-Award A Class A common stock 10,850 0.00 42,916 D
2026-03-15 Clack Amy Officer A-Award A Class A common stock 6,429 0.00 22,953 D
2026-03-15 Bruni Enrico Officer F-InKind D Class A common stock 4,376 124.42 544.5K 109,695 D
2026-03-03 Hult William Director / Officer M-Exempt D Stock Option (Right to Buy) 72,450 20.59 1.49M 0 D
2026-02-20 Bruni Enrico Officer S-Sale D Class A common stock 17,380 119.27 2.07M 102,319 D
2026-02-10 Peterson Justin Officer S-Sale D Class A common stock 11,254 115.47 1.30M 58,841 D
2026-02-10 Hult William Director / Officer M-Exempt A Class A common stock 72,450 20.59 1.49M 247,956 D
2026-02-10 Furber Sara Officer S-Sale D Class A common stock 63,128 115.10 7.27M 23,520 D
2026-02-10 Friedman Douglas Officer S-Sale D Class A common stock 6,760 115.50 780.8K 13,128 D
2026-02-10 Clack Amy Officer S-Sale D Class A common stock 838 114.68 96.1K 17,363 D
2026-01-01 Peterson Justin Officer A-Award A Class A common stock 129 0.00 70,095 D
2026-01-01 Hult William Director / Officer F-InKind D Class A common stock 43,240 106.20 4.59M 175,099 D
2026-01-01 Furber Sara Officer A-Award A Class A common stock 193 0.00 86,648 D
2026-01-01 Friedman Douglas Officer A-Award A Class A common stock 77 0.00 43,677 D
2026-01-01 Clack Amy Officer A-Award A Class A common stock 21 0.00 18,201 D
2026-01-01 Bruni Enrico Officer A-Award A Class A common stock 562 0.00 134,684 D
2025-05-20 Yared Rana Director A-Award A Class A common stock 1,271 0.00 2,594 D
2025-05-20 Repetto Richard H Director A-Award A Class A common stock 1,533 0.00 1,533 D
2025-05-20 Opoku Lisa Director A-Award A Class A common stock 1,271 0.00 2,824 D
2025-05-20 Madoff Paula Director A-Award A Class A common stock 1,478 0.00 14,933 D
2025-05-20 Ganeles Scott Director A-Award A Class A common stock 1,271 0.00 13,685 D
2025-05-20 BERNS STEVEN Director A-Award A Class A common stock 1,271 0.00 3,664 D
2025-05-20 AIGRAIN JACQUES Director A-Award A Class A common stock 2,062 0.00 9,554 D
2025-05-14 BERNS STEVEN Director S-Sale D Class A common stock 450 141.30 63.6K 2,393 D
2025-05-12 Dixon Troy Officer F-InKind D Class A common stock 309 141.55 43.7K 32,066 D
2025-04-07 Furber Sara Officer S-Sale D Class A common stock 1,786 127.60 227.9K 57,401 D
2025-03-31 Furber Sara Officer A-Award A Class A common stock 15 0.00 59,187 D
2025-03-20 Furber Sara Officer S-Sale D Class A common stock 7,139 142.83 1.02M 61,020 D
2025-03-20 Bruni Enrico Officer S-Sale D Class A common stock 1,624 142.74 231.8K 85,929 D
2025-03-19 Zucker Scott Officer S-Sale D Class A common stock 2,314 141.48 327.4K 21,033 D
2025-03-19 Peterson Justin Officer S-Sale D Class A common stock 4,635 141.50 655.9K 41,289 D
2025-03-19 Friedman Douglas Officer S-Sale D Class A common stock 3,061 141.59 433.4K 26,810 D
2025-03-19 Bruni Enrico Officer S-Sale D Class A common stock 2,872 141.54 406.5K 87,553 D
2025-03-17 Zucker Scott Officer A-Award A Class A common stock 2,708 0.00 23,347 D
2025-03-17 Peterson Justin Officer A-Award A Class A common stock 6,728 0.00 45,924 D
2025-03-17 Hult William Director / Officer A-Award A Class A common stock 30,682 0.00 169,571 D
2025-03-17 Furber Sara Officer A-Award A Class A common stock 9,860 0.00 68,159 D
2025-03-17 Friedman Douglas Officer A-Award A Class A common stock 3,631 0.00 29,871 D
2025-03-17 Clack Amy Officer A-Award A Class A common stock 6,627 0.00 20,200 D
2025-03-17 Bruni Enrico Officer A-Award A Class A common stock 9,638 0.00 92,222 D
2025-03-15 Zucker Scott Officer F-InKind D Class A common stock 2,417 141.57 342.2K 20,631 D
2025-03-15 Peterson Justin Officer F-InKind D Class A common stock 5,714 141.57 808.9K 39,176 D
2025-03-15 Hult William Director / Officer A-Award A Class A common stock 67 0.00 138,889 D
2025-03-15 Furber Sara Officer F-InKind D Class A common stock 7,416 141.57 1.05M 58,267 D
2025-03-15 Friedman Douglas Officer F-InKind D Class A common stock 3,196 141.57 452.5K 26,229 D
2025-03-15 Bruni Enrico Officer A-Award A Class A common stock 61 0.00 82,584 D
2025-03-06 Repetto Richard H Director 0 0.00 0
2025-02-03 Dixon Troy Officer A-Award A Class A common stock 31,520 0.00 32,375 D
2025-01-21 Dixon Troy Officer Class A common stock 0 0.00 855 D
2025-01-06 Zucker Scott Officer S-Sale D Class A common stock 3,654 132.38 483.7K 23,048 D
2025-01-06 Peterson Justin Officer S-Sale D Class A common stock 6,669 132.38 882.8K 44,890 D
2025-01-06 Hult William Director / Officer S-Sale D Class A common stock 15,163 132.38 2.01M 158,016 D
2025-01-06 Furber Sara Officer S-Sale D Class A common stock 9,826 132.39 1.30M 65,683 D
2025-01-06 Friedman Douglas Officer S-Sale D Class A common stock 4,274 132.36 565.7K 29,425 D
2025-01-01 Zucker Scott Officer F-InKind D Class A common stock 2,161 131.33 283.8K 26,672 D
2025-01-01 Peterson Justin Officer F-InKind D Class A common stock 5,795 131.33 761.1K 51,514 D
2025-01-01 Hult William Director / Officer F-InKind D Class A common stock 16,219 131.33 2.13M 173,065 D
2025-01-01 Furber Sara Officer F-InKind D Class A common stock 7,985 131.33 1.05M 75,439 D
2025-01-01 Friedman Douglas Officer F-InKind D Class A common stock 2,510 131.33 329.6K 33,664 D
2025-01-01 Clack Amy Officer A-Award A Class A common stock 5 0.00 13,573 D
2025-01-01 Bruni Enrico Director / Officer A-Award A Class A common stock 62 0.00 82,523 D
2024-12-04 Hult William Director / Officer G-Gift D Class A common stock 1,315 0.00 189,284 D
2024-11-06 Hult William Director / Officer S-Sale D Class A common stock 38,377 127.60 4.90M 190,599 D
2024-11-06 BERNS STEVEN Director S-Sale D Class A common stock 731 133.00 97.2K 2,843 D
2024-09-18 Maguire Daniel Director 0 0.00 0
2024-09-01 Clack Amy Officer A-Award A Class A common stock 15,566 0.00 15,566
2024-08-28 Hult William Director / Officer G-Gift D Class A common stock 215 0.00 228,976
2024-08-12 Clack Amy Officer 0 0.00 0
2024-08-08 Dixon Troy Director S-Sale D Class A common stock 2,486 113.64 282.5K 1,323
2024-08-06 Yared Rana Director S-Sale D Class A common stock 1,627 110.09 179.1K 1,323
2024-07-22 Bruni Enrico Director / Officer M-Exempt D Stock Option (Right to Buy) 13,609 20.59 280.2K 67,174
2024-07-19 Bruni Enrico Director / Officer S-Sale D Class A common stock 10,991 109.43 1.20M 89,169
2024-07-18 Bruni Enrico Director / Officer S-Sale D Class A common stock 400 109.40 43.8K 95,624
2024-06-03 Bruni Enrico Director / Officer S-Sale D Class A common stock 20 109.30 2.2K 89,169
2024-05-31 Bruni Enrico Director / Officer M-Exempt D Stock Option (Right to Buy) 116 20.59 2.4K 117,058
2024-05-20 BERNS STEVEN Director S-Sale D Class A common stock 760 112.71 85.7K 3,574
2024-05-17 Furber Sara Officer S-Sale D Class A common stock 7,590 112.24 851.9K 88,999
2024-05-10 Yared Rana Director A-Award A Class A common stock 1,323 0.00 2,950
2024-05-10 Opoku Lisa Director A-Award A Class A common stock 1,553 0.00 1,553
2024-05-10 Madoff Paula Director A-Award A Class A common stock 1,588 0.00 13,455
2024-05-10 Hult William Director / Officer M-Exempt D Stock Option (Right to Buy) 47,000 20.59 967.7K 144,900
2024-05-10 Ganeles Scott Director A-Award A Class A common stock 1,323 0.00 12,414
2024-05-10 Dixon Troy Director A-Award A Class A common stock 1,323 0.00 3,809
2024-05-10 BERNS STEVEN Director A-Award A Class A common stock 1,323 0.00 4,334
2024-05-10 AIGRAIN JACQUES Director A-Award A Class A common stock 2,647 0.00 7,492
2024-05-09 Hult William Director / Officer M-Exempt A Class A common stock 51,000 20.59 1.05M 280,191
2024-05-07 Zucker Scott Officer S-Sale D Class A common stock 2,517 110.56 278.3K 28,833
2024-04-01 Furber Sara Officer A-Award A Class A common stock 20 0.00 96,617
2024-03-25 Peterson Justin Officer S-Sale D Class A common stock 5,013 104.83 525.5K 57,349
2024-03-20 Friedman Douglas Officer S-Sale D Class A common stock 2,922 103.31 301.9K 36,194
2024-03-18 Zucker Scott Officer A-Award A Class A common stock 32 0.00 31,369
2024-03-18 Pluta Thomas Director / Officer F-InKind D Class A common stock 5,433 103.82 564.1K 99,427
2024-03-18 Peterson Justin Officer F-InKind D Class A common stock 6,169 103.82 640.5K 62,292
2024-03-18 Hult William Director / Officer F-InKind D Class A common stock 17,317 103.82 1.80M 229,108
2024-03-18 Furber Sara Officer F-InKind D Class A common stock 5,518 103.82 572.9K 99,071
2024-03-18 Friedman Douglas Officer F-InKind D Class A common stock 3,048 103.82 316.4K 39,081
2024-03-18 Bruni Enrico Director / Officer F-InKind D Class A common stock 6,002 103.82 623.1K 89,131
2024-03-15 Zucker Scott Officer A-Award A Class A common stock 3,869 0.00 33,963
2024-03-15 Pluta Thomas Director / Officer A-Award A Class A common stock 13,854 0.00 104,860
2024-03-15 Peterson Justin Officer A-Award A Class A common stock 7,643 0.00 68,461
2024-03-15 Hult William Director / Officer A-Award A Class A common stock 35,034 0.00 246,425
2024-03-15 Furber Sara Officer A-Award A Class A common stock 11,147 0.00 104,589
2024-03-15 Friedman Douglas Officer A-Award A Class A common stock 5,971 0.00 42,129
2024-03-15 Bruni Enrico Director / Officer A-Award A Class A common stock 10,112 0.00 95,133
2024-03-11 Peterson Justin Officer S-Sale D Class A common stock 8,287 103.09 854.3K 60,818
2024-03-07 Opoku Lisa Director 0 0.00 0
2024-02-29 Peterson Justin Officer M-Exempt A Class A common stock 10,000 20.59 205.9K 79,105
2024-02-23 Friedman Douglas Officer S-Sale D Class A common stock 26,232 104.85 2.75M 36,158
2024-02-20 Bruni Enrico Director / Officer S-Sale D Class A common stock 21,145 102.21 2.16M 85,021
2024-02-09 Zucker Scott Officer A-Award A Class A common stock 10,555 0.00 30,094
2024-02-09 Pluta Thomas Director / Officer A-Award A Class A common stock 53,429 0.00 91,006
2024-02-09 Peterson Justin Officer A-Award A Class A common stock 24,890 0.00 69,105
2024-02-09 Hult William Director / Officer A-Award A Class A common stock 78,191 0.00 211,391
2024-02-09 Furber Sara Officer A-Award A Class A common stock 33,881 0.00 93,442
2024-02-09 Friedman Douglas Officer A-Award A Class A common stock 13,682 0.00 36,158
2024-02-09 Bruni Enrico Director / Officer A-Award A Class A common stock 32,305 0.00 85,021
2024-01-29 Bruni Enrico Director / Officer M-Exempt D Stock Option (Right to Buy) 580 20.59 11.9K 167,174
2024-01-05 Hult William Director / Officer S-Sale D Class A common stock 9,616 93.86 902.6K 133,200
2024-01-04 Zucker Scott Officer S-Sale D Class A common stock 6,474 94.41 611.2K 19,539
2024-01-04 Hult William Director / Officer S-Sale D Class A common stock 14,425 94.47 1.36M 142,816
2024-01-04 Friedman Douglas Officer S-Sale D Class A common stock 6,474 94.43 611.3K 22,476
2024-01-01 Zucker Scott Officer F-InKind D Class A common stock 3,778 89.27 337.3K 25,941
2024-01-01 Peterson Justin Officer F-InKind D Class A common stock 6,619 89.27 590.9K 44,141
2024-01-01 Hult William Director / Officer F-InKind D Class A common stock 25,895 89.27 2.31M 156,993
2024-01-01 Furber Sara Officer F-InKind D Class A common stock 3,176 89.27 283.5K 59,515
2024-01-01 Friedman Douglas Officer F-InKind D Class A common stock 3,778 89.27 337.3K 28,878
2024-01-01 Bruni Enrico Director / Officer F-InKind D Class A common stock 8,873 89.27 792.1K 52,605
2023-12-31 Refinitiv US PME LLC 10% Owner D Class C Common Stock 0 0.00 18,000,000
2023-12-29 Refinitiv US PME LLC 10% Owner C-Conversion D Class D Common Stock 18,000,000 0.00 4,988,329
2023-12-08 Hult William Director / Officer M-Exempt D Stock Option (Right to Buy) 35,000 20.59 720.7K 242,900
2023-12-01 Zucker Scott Officer S-Sale D Class A common stock 1,648 95.09 156.7K 31,119
2023-11-22 Bruni Enrico Director / Officer S-Sale D Class A common stock 1,681 95.00 159.7K 61,478
2023-11-10 Bruni Enrico Director / Officer S-Sale D Class A common stock 1,153 93.00 107.2K 67,994
2023-11-09 Bruni Enrico Director / Officer S-Sale D Class A common stock 1,672 93.00 155.5K 74,147
2023-10-16 Peterson Justin Officer S-Sale D Class A common stock 13,550 83.88 1.14M 52,760
2023-09-14 Peterson Justin Officer M-Exempt D Stock Option (Right to Buy) 20,000 20.59 411.8K 23,550
2023-07-06 Friedman Douglas Officer S-Sale D Class A common stock 853 65.72 56.1K 34,973
2023-06-15 Yared Rana Director S-Sale D Class A common stock 567 71.28 40.4K 1,627
2023-06-13 Yared Rana Director S-Sale D Class A common stock 851 69.97 59.5K 2,194
2023-05-15 Yared Rana Director A-Award A Class A common stock 1,627 0.00 3,045
2023-05-15 Madoff Paula Director A-Award A Class A common stock 3,138 0.00 11,867
2023-05-15 Johnson Catherine Director 0 0.00 0
2023-05-15 Ganeles Scott Director A-Award A Class A common stock 2,362 0.00 11,091
2023-05-15 Dixon Troy Director A-Award A Class A common stock 2,486 0.00 2,486
2023-05-15 BERNS STEVEN Director A-Award A Class A common stock 2,280 0.00 3,011
2023-05-15 AIGRAIN JACQUES Director A-Award A Class A common stock 3,427 0.00 4,845
2023-04-10 BERNS STEVEN Director S-Sale D Class A common stock 394 74.50 29.4K 731
2023-04-05 Furber Sara Officer S-Sale D Class A common stock 8,210 73.52 603.6K 62,691
2023-04-04 Olesky Lee Director S-Sale D Class A common stock 44,082 79.13 3.49M 234,357
2023-04-03 Olesky Lee Director M-Exempt A Class A common stock 17,193 20.59 354.0K 251,550
2023-04-03 Furber Sara Officer A-Award A Class A common stock 50 0.00 70,901
2023-03-31 Olesky Lee Director S-Sale D Class A common stock 71,330 79.19 5.65M 234,357
2023-03-30 Olesky Lee Director S-Sale D Class A common stock 22,325 78.84 1.76M 234,357
2023-03-29 Olesky Lee Director S-Sale D Class A common stock 95,070 78.12 7.43M 283,202
2023-03-27 Bruni Enrico Director / Officer S-Sale D Class A common stock 14,000 74.15 1.04M 75,819
2023-03-23 Pluta Thomas Director / Officer F-InKind D Class A common stock 622 74.00 46.0K 37,577
2023-03-21 Hult William Director / Officer M-Exempt D Stock Option (Right to Buy) 30,000 20.59 617.7K 277,900
2023-03-20 Zucker Scott Officer A-Award A Class A common stock 18 0.00 32,767
2023-03-20 Olesky Lee Director A-Award A Class A common stock 98 0.00 283,202
2023-03-20 Hult William Director / Officer M-Exempt D Stock Option (Right to Buy) 45,000 20.59 926.6K 307,900
2023-03-20 Friedman Douglas Officer F-InKind D Class A common stock 1,536 75.04 115.3K 35,808
2023-03-20 Bruni Enrico Director / Officer A-Award A Class A common stock 36 0.00 89,819
2023-03-16 Zucker Scott Officer F-InKind D Class A common stock 1,632 74.19 121.1K 34,277
2023-03-16 Peterson Justin Officer F-InKind D Class A common stock 3,637 74.19 269.8K 59,986
2023-03-16 Olesky Lee Director F-InKind D Class A common stock 11,184 74.19 829.7K 292,531
2023-03-16 Hult William Director / Officer F-InKind D Class A common stock 9,366 74.19 694.9K 190,702
2023-03-16 Furber Sara Officer F-InKind D Class A common stock 2,337 74.19 173.4K 81,603
2023-03-16 Friedman Douglas Officer F-InKind D Class A common stock 1,759 74.19 130.5K 37,335
2023-03-16 Bruni Enrico Director / Officer A-Award A Class A common stock 22 0.00 92,303
2023-03-15 Zucker Scott Officer A-Award A Class A common stock 5,822 0.00 35,909
2023-03-15 Pluta Thomas Director / Officer A-Award A Class A common stock 29,470 0.00 38,199
2023-03-15 Peterson Justin Officer A-Award A Class A common stock 13,729 0.00 63,623
2023-03-15 Hult William Director / Officer A-Award A Class A common stock 43,128 0.00 200,068
2023-03-15 Furber Sara Officer A-Award A Class A common stock 18,688 0.00 93,764
2023-03-15 Friedman Douglas Officer A-Award A Class A common stock 7,547 0.00 39,094
2023-03-15 Bruni Enrico Director / Officer A-Award A Class A common stock 17,819 0.00 95,492
2023-03-01 Dixon Troy Director 0 0.00 0
2023-02-24 Zucker Scott Officer A-Award A Class A common stock 5,785 0.00 30,087
2023-02-24 Peterson Justin Officer A-Award A Class A common stock 12,419 0.00 49,894
2023-02-24 Olesky Lee Director A-Award A Class A common stock 37,336 0.00 303,715
2023-02-24 Hult William Director / Officer A-Award A Class A common stock 31,268 0.00 156,940

Executive team

Top executives
EBIT / Employee
833.5K
Shares Outstanding
213.10M

Executive compensation

Executive compensation (annual)
# Year Executive Salary Bonus Stock award Option award Incentive Other Total % Stock-
based
Filing
1 2025 Billy Hult Chief Executive Officer 1.00M 15.08M 4.50M 38.6K 20.62M 73.14%
2 2025 Sara Furber Chief Financial Officer 600.0K 2.43M 4.85M 18.7K 7.90M 61.39%
3 2025 Enrico Bruni Managing Director, Co-Head of Global Markets 479.3K 2.50M 4.74M 67.3K 7.79M 60.85%
4 2025 Troy Dixon Managing Director, Co-Head of Global Markets 474.0K 2.80M 4.00M 19.5K 7.29M 54.84%
5 2025 Justin Peterson Chief Technology Officer 400.0K 1.60M 3.31M 43.5K 5.35M 61.81%
6 2024 Billy Hult Chief Executive Officer 750.0K 12.58M 3.38M 37.6K 16.74M 75.13%
7 2024 Thomas Pluta Former President 522.1K 4.97M 4.58M 10.07M 49.37%
8 2024 Sara Furber Chief Financial Officer 600.0K 2.13M 4.00M 18.1K 6.75M 59.26%
9 2024 Enrico Bruni Managing Director, Co-Head of Global Markets 372.9K 2.24M 3.63M 45.6K 6.29M 57.68%
10 2024 Justin Peterson Chief Technology Officer 400.0K 1.43M 2.74M 41.0K 4.61M 59.49%
11 2024 Amy Clack Chief Administrative Officer 156.1K 2.55M 1.84M 7.8K 4.56M 40.39%
12 2023 Billy Hult Chief Executive Officer 750.0K 10.13M 3.38M 55.9K 14.31M 70.78%
13 2023 Thomas Pluta Former President 700.0K 2.20M 7.68M 20.5K 10.60M 72.44%
14 2023 Thomas Pluta President 700.0K 2.20M 7.68M 20.5K 10.60M 72.44%
15 2023 Sara Furber Chief Financial Officer 600.0K 1.80M 6.18M 17.5K 8.59M 71.87%
16 2023 Enrico Bruni Managing Director, Head of Europe and Asia Business 371.2K 1.75M 6.06M 50.7K 8.23M 73.57%
17 2023 Enrico Bruni Managing Director, Co-Head of Global Markets 371.2K 1.75M 6.06M 50.7K 8.23M 73.57%
18 2023 Justin Peterson Chief Technology Officer 400.0K 1.23M 5.49M 40.8K 7.15M 76.71%
19 2022 Lee Olesky Chairman of the Board, Former Chief Executive Officer 770.0K 10.52M 6.04M 44.3K 17.37M 60.54%
20 2022 Billy Hult Chief Executive Officer, Former President 660.0K 4.20M 5.33M 44.1K 10.23M 41.05%
21 2022 Billy Hult Chief Executive Officer 660.0K 4.20M 5.33M 44.1K 10.23M 41.05%
22 2022 Enrico Bruni Managing Director, Head of Europe and Asia Business 412.8K 2.09M 1.85M 48.0K 4.40M 42.06%
23 2022 Enrico Bruni Managing Director, Co-Head of Global Markets 412.8K 2.09M 1.85M 48.0K 4.40M 42.06%
24 2022 Sara Furber Chief Financial Officer 500.0K 1.00M 2.30M 16.4K 3.82M 60.26%
25 2022 Justin Peterson Chief Technology Officer 400.0K 1.35M 1.61M 38.0K 3.40M 47.38%
26 2021 Lee Olesky Chief Executive Officer 770.0K 4.40M 9.56M 39.2K 14.77M 29.79%
27 2021 Lee Olesky Chairman of the Board, Former Chief Executive Officer 770.0K 4.40M 9.56M 39.2K 14.77M 29.79%
28 2021 Billy Hult Chief Executive Officer, Former President 660.0K 3.68M 8.44M 43.4K 12.83M 28.73%
29 2021 Billy Hult Chief Executive Officer 660.0K 3.68M 8.44M 43.4K 12.83M 28.73%
30 2021 Billy Hult President 660.0K 3.68M 8.44M 43.4K 12.83M 28.73%
31 2021 Sara Furber Chief Financial Officer 159.3K 800.0K 3.95M 210.00 4.91M 80.44%
32 2021 Enrico Bruni Managing Director, Head of Europe and Asia Business 384.8K 1.95M 1.40M 45.2K 3.78M 37.07%
33 2021 Justin Peterson Chief Technology Officer 375.0K 1.35M 1.30M 37.3K 3.06M 42.45%
34 2021 Robert Warshaw Former Chief Financial Officer 400.0K 1.00M 869.9K 38.1K 2.31M 37.69%
35 2020 Lee Olesky Chairman of the Board, Former Chief Executive Officer 770.0K 4.00M 7.50M 43.0K 12.31M 32.49%
36 2020 Lee Olesky Chief Executive Officer 770.0K 4.00M 7.50M 43.0K 12.31M 32.49%
37 2020 Billy Hult Chief Executive Officer, Former President 660.0K 3.35M 6.70M 44.7K 10.75M 31.15%
38 2020 Billy Hult President 660.0K 3.35M 6.70M 44.7K 10.75M 31.15%
39 2020 William Hult President 660.0K 3.35M 6.70M 44.7K 10.75M 31.15%
40 2020 Enrico Bruni Managing Director, Head of Europe and Asia Business 382.9K 1.84M 1.25M 44.3K 3.51M 35.56%
41 2020 Justin Peterson Chief Technology Officer 300.0K 1.21M 1,000.0K 37.4K 2.55M 39.25%
42 2020 Robert Warshaw Chief Financial Officer 400.0K 980.0K 814.9K 26.2K 2.22M 36.69%
43 2020 Robert Warshaw Former Chief Financial Officer 400.0K 980.0K 814.9K 26.2K 2.22M 36.69%
44 2019 Lee Olesky Chief Executive Officer 770.0K 3.39M 7.00M 48.5K 11.21M 30.26%
45 2019 William Hult President 660.0K 2.83M 6.23M 45.3K 9.77M 28.97%
46 2019 Billy Hult President 660.0K 2.83M 6.23M 45.3K 9.77M 28.97%
47 2019 Enrico Bruni Managing Director, Head of Europe and Asia Business 392.1K 1.72M 500.0K 36.0K 2.65M 18.89%
48 2018 Lee Olesky Chief Executive Officer 770.0K 2.95M 12.51M 6.40M 49.2K 22.68M 68.17%
49 2018 William Hult President 660.0K 2.46M 6.70M 5.70M 47.0K 15.57M 58.85%
CEO compensation breakdown

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-03-26 DEFA14A
2026-03-26 DEF 14A
2026-03-16 PRE 14A
2025-03-27 DEFA14A
2025-03-27 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-04-30 SC 13G
2026-04-29 8-K
2026-04-29 10-Q
2026-04-17 4
2026-03-27 SC 13G/A
2026-03-26 DEFA14A
2026-03-26 DEF 14A
2026-03-26 ARS
2026-03-24 4
2026-03-24 4

Executive team

NameTitleCompensationGender
William E. Hult Chief Executive Officer & Director 6M male
Sara Hassan Furber Chief Financial Officer 3M female
Enrico Bruni Managing Director & Co-Head of Global Markets 3M male
Troy Dixon Managing Director & Co-Head of Global Markets 3M male
Amy Clack Chief Administrative Officer & Chief Risk Officer 3M female
Justin Peterson Chief Technology Officer 2M male
James Sun MD & Head of Asia male
Li Renn Tsai MD and Head of Product & Sales
Sandra Buchanan Chief People Officer female
Devi Shanmugham Global Head of Compliance female
Scott D. Zucker Chief Risk Officer male
Chris Bruner Chief Product Officer male
ESG Rating
B
FINANCIAL - CAPITAL MARKETS
2026
E (Environmental)
64.6 / 59.1
Company / Sector avg.
S (Social)
68.8 / 74.1
Company / Sector avg.
G (Governance)
73.8 / 72.6
Company / Sector avg.
ESG Total
69.1 / 68.6
Company / Sector avg.
ESG Score History FINANCIAL - CAPITAL MARKETS
Benchmark vs Sector
Political Trading Activity (25M)
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity
Transaction Date Disclosed Representative District Owner Type Amount Link
2025-10-09 2025-11-19 Byron Donalds FL19 Spouse Purchase $1,001 - $15,000
2025-10-01 2026-01-13 Julia Letlow LA05 Sale (Full) $1,001 - $15,000
2025-09-04 2025-10-08 Byron Donalds FL19 Spouse Sale $1,001 - $15,000
2025-07-29 2026-01-13 Julia Letlow LA05 Purchase $1,001 - $15,000
2025-03-20 2025-04-15 Byron Donalds FL19 Purchase $1,001 - $15,000
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits