Tradeweb Markets (TW) Declined in Q3 Despite Robust Core Business Fundamentals

Core Insights - ClearBridge Investments' "ClearBridge Mid Cap Growth Strategy" reported modest gains in Q3 2025, outperforming the Russell Midcap Growth Index which returned 2.8% [1] - The strategy is positioned to benefit from a fundamental, bottom-up investment philosophy despite near-term volatility [1] Company Performance - Tradeweb Markets Inc. (NASDAQ:TW) experienced a one-month return of -7.76% and a 52-week decline of 18.49%, closing at $108.77 per share with a market capitalization of $23.761 billion on October 9, 2025 [2] - Tradeweb was identified as the largest detractor in the financial sector for ClearBridge, with slowing market share gains against competitors despite strong core business fundamentals [3] Financial Highlights - In Q2 2025, Tradeweb reported record revenues of $513 million, reflecting a year-on-year increase of 26.7% on a reported basis and 24.7% on a constant currency basis [4] - Tradeweb is not among the 30 most popular stocks among hedge funds, with 34 hedge fund portfolios holding its shares at the end of Q2 2025, a slight decrease from 35 in the previous quarter [4]