Reasons to Hold Tradeweb Markets (TW) in Your Portfolio

Baron Funds, an investment management company, released its “Baron FinTech Fund” third quarter 2022 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund declined 1.75% (Institutional Shares) compared to a 4.88% decline for the S&P 500 benchmark index and a 4.95% decline for the FactSet Global FinTech Index. Favorable stock selection held up the portfolio better than its benchmark in the quarter. In addition, please check the fund’s top five holdings to know its best picks in 2022.

Baron Funds discussed stocks like Tradeweb Markets Inc. (NASDAQ:TW) in the third quarter investor letter. Headquartered in New York, New York, Tradeweb Markets Inc. (NASDAQ:TW) is an electronic marketplace. On November 16, 2022, Tradeweb Markets Inc. (NASDAQ:TW) stock closed at $57.77 per share. One-month return of Tradeweb Markets Inc. (NASDAQ:TW) was 8.61%, and its shares lost 41.30% of their value over the last 52 weeks. Tradeweb Markets Inc. (NASDAQ:TW) has a market capitalization of $13.351 billion.

Baron Funds made the following comment about Tradeweb Markets Inc. (NASDAQ:TW) in its Q3 2022 investor letter:

Tradeweb Markets Inc. (NASDAQ:TW) operates electronic marketplaces for trading government bonds, corporate bonds, derivatives, and other financial instruments. Average daily trading volume increased 14% in the quarter due to elevated market volatility. However, shares fell due to decelerating trading activity, foreign currency headwinds, and a pullback in highermultiple growth stocks. We continue to own the stock due to Tradeweb’s strong network effects, long track record of innovation, and significant growth opportunities from the ongoing electronification of the capital markets.”

Tradeweb Markets Inc. (NASDAQ:TW) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 30 hedge fund portfolios held Tradeweb Markets Inc. (NASDAQ:TW) at the end of the third quarter, which was 24 in the previous quarter.

We discussed Tradeweb Markets Inc. (NASDAQ:TW) in another article and shared Baron Funds’ views on the company. In addition, please check out our hedge fund investor letters Q3 2022 page for more investor letters from hedge funds and other leading investors.

Suggested Articles:

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