T. Rowe Price Associates (TW) reports 13.6% stake in Tradeweb Markets

Rhea-AI Filing Summary

T. Rowe Price Associates, Inc. reported beneficial ownership of 15,791,253 shares of Tradeweb Markets Inc. Class A common stock, representing 13.6% of the class as of December 31, 2025. It has sole voting power over 14,976,422 shares and sole dispositive power over 15,790,200 shares.

The firm states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Tradeweb. It also expressly denies being the beneficial owner of the securities despite this Schedule 13G/A filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 02/17/2026 - 10:26 AM Learn about SEC filing dates

FAQ

How many Tradeweb Markets (TW) shares does T. Rowe Price Associates report owning?

T. Rowe Price Associates reports beneficial ownership of 15,791,253 shares of Tradeweb Markets Inc. Class A common stock, equal to 13.6% of the class. The firm also reports sole voting power over 14,976,422 of those shares and sole dispositive power over 15,790,200 shares.

What percentage of Tradeweb Markets (TW) does T. Rowe Price Associates beneficially own?

T. Rowe Price Associates reports beneficial ownership of 13.6% of Tradeweb Markets Inc. Class A common stock. This percentage is based on 15,791,253 shares attributed to the firm as of December 31, 2025, as disclosed in the Schedule 13G/A filing.

Is T. Rowe Price Associates seeking control of Tradeweb Markets (TW)?

T. Rowe Price Associates states the securities were acquired and are held in the ordinary course of business and not to change or influence control of Tradeweb Markets. The firm also indicates the holdings are not part of any transaction intended to affect control of the issuer.

What voting and dispositive powers does T. Rowe Price Associates report over Tradeweb (TW) shares?

T. Rowe Price Associates reports sole voting power over 14,976,422 Tradeweb Markets Class A shares and no shared voting power. It reports sole dispositive power over 15,790,200 shares and no shared dispositive power, reflecting its authority to decide how most of these shares are voted and disposed.

When is the reporting date for T. Rowe Price Associates’ Tradeweb (TW) ownership?

The beneficial ownership information is reported as of December 31, 2025, which is the date of the event requiring the Schedule 13G/A filing. This date anchors the 15,791,253 shares and the 13.6% ownership percentage disclosed for Tradeweb Markets Class A stock.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

TRADEWEB MARKETS INC-CLASS A

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

892672106

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 892672106

1

Names of Reporting Persons

T. Rowe Price Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 14,976,422.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 15,790,200.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

15,791,253.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

13.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: TRADEWEB MARKETS INC-CLASS A
(b)	Address of issuer's principal executive offices: 1177 AVENUE OF THE AMERICAS, NEW YORK, NY, 10036
Item 2.
(a)	Name of person filing: T. Rowe Price Associates, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 892672106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 15791253
(b)	Percent of class: 13.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 14976422
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 15790200
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Associates, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	02/17/2026