Tradeweb Markets’ (TW) Performance Affected by High Volatility

Harding Loevner, an asset management company, released its “Global Equity Strategy” third-quarter 2025 investor letter.  A copy of the letter can be downloaded here. The fund returned 2.62% gross (2.52% net) in the third quarter of 2025, compared to a 7.74% return for the MSCI All Country World Index and 7.36% gain for the MSCI World Index. YTD, the strategy rose 10.61% (net) compared to 18.86% and 17.83% for the indexes. The firm highlighted in the letter that the last six months represented one of the strongest momentum phases in over 70 years. Since the beginning of the year, high-momentum stocks have outperformed low-momentum stocks by a remarkable 45 percentage points, with much of the growth driven by advancements in AI. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its third-quarter 2025 investor letter, Harding Loevner Global Equity Strategy highlighted stocks such as Tradeweb Markets Inc. (NASDAQ:TW). Tradeweb Markets Inc. (NASDAQ:TW) is a global financial technology company that builds and operates electronic marketplaces. The one-month return of Tradeweb Markets Inc. (NASDAQ:TW) was -1.10%, and its shares lost 17.53% of their value over the last 52 weeks. On November 14, 2025, Tradeweb Markets Inc. (NASDAQ:TW) stock closed at $107.91 per share, with a market capitalization of $23.577 billion.

Harding Loevner Global Equity Strategy stated the following regarding Tradeweb Markets Inc. (NASDAQ:TW) in its third quarter 2025 investor letter:

“In Financials, electronic-trading platform Tradeweb Markets Inc. (NASDAQ:TW) said revenue climbed 25% but that electronic trading lost some market share to traditional “voice” trading, in which traders negotiate by the phone. This often occurs during periods of heightened volatility and is unlikely to signal that the digitalization of fixed-income markets in the US has reached its limit.”

10 Buzzing AI Stocks on Wall Street

Tradeweb Markets Inc. (NASDAQ:TW) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 39 hedge fund portfolios held Tradeweb Markets Inc. (NASDAQ:TW) at the end of the third quarter, which was 34 in the previous quarter. In the third quarter of 2025, Tradeweb Markets Inc. (NASDAQ:TW) reported record revenues of $509 million that were up 13% year-on-year on a reported basis and 11% on a constant currency basis. While we acknowledge the risk and potential of Tradeweb Markets Inc. (NASDAQ:TW) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Tradeweb Markets Inc. (NASDAQ:TW) and that has 10,000% upside potential, check out our report about this cheapest AI stock.

In another article, we covered Tradeweb Markets Inc. (NASDAQ:TW) and shared Baron FinTech Fund’s views on the company. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.

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