Is it a Great Time to Invest in Tradeweb (TW)?

Baron Funds, an investment management firm, released its “Baron FinTech Fund” third quarter 2023 investor letter, a copy of which can be downloaded here. During the quarter concluding on September 30, 2023, Baron FinTech Fund® (Institutional Shares) experienced a 1.30% increase, contrasting with a 6.77% loss for the FactSet Global FinTech Index (the Benchmark). Since its inception on December 31, 2019, the Fund has achieved an annualized growth of 6.50%, surpassing the Benchmark, which declined by 2.22%. Take a moment to review the fund’s top 5 holdings to gain insights into their primary investment choices for 2023.

In its Q3 2023 investor letter, Baron FinTech Fund mentioned Tradeweb Markets Inc. (NASDAQ:TW) and explained its insights for the company. Tradeweb Markets Inc. (NASDAQ:TW) is a United States-based international financial services company with a $21.8 billion market capitalization. Tradeweb Markets Inc. (NASDAQ:TW) delivered a 43.62% return since the beginning of the year, while its 12-month returns are up by 60.25%. The stock closed at $93.25 per share on November 9, 2023.

Here is what Baron FinTech Fund has to say about Tradeweb Markets Inc. (NASDAQ:TW) in its Q3 2023 investor letter:

“Stock-specific strength in Capital Markets more than offset the Fund’s higher exposure to this lagging category. Electronic trading marketplace Tradeweb Markets Inc. led the way in the group as trading activity picked up nicely following a slow start to the year, with the company poised to return to double-digit revenue growth. Interest rate trading volume grew 31% in the third quarter, and credit trading activity improved with significant market share gains in U.S. corporate bonds.”

A close-up of a corporate businessperson using a modern laptop to manage the company’s finances.

Our calculations show that Tradeweb Markets Inc. (NASDAQ:TW) does not belong on our list of the 30 Most Popular Stocks Among Hedge Funds. Tradeweb Markets Inc. (NASDAQ:TW) was in 22 hedge fund portfolios at the end of the second quarter of 2023, compared to 28 funds in the previous quarter. Tradeweb Markets Inc. (NASDAQ:TW) delivered a 13.69% return in the past 3 months. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters Q3 2023 page.

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Disclosure: None. This article is originally published at Insider Monkey.