North Reef Capital Management LP, North Reef Capital Management GP LLC, and James Hanna, III filed an amended ownership statement with the SEC on November 13, 2026, disclosing zero beneficial ownership of MarketAxess Holdings Inc common stock as of September 30, 2026.

Key Highlights

  • Triggering event date: The filing reports a qualifying event date of September 30, 2026.
  • Zero beneficial ownership: Each of the three reporting persons discloses 0 shares beneficially owned, representing 0% of the class.
  • No voting or dispositive power: All sole and shared voting power and sole and shared dispositive power are each reported as 0.00 for every reporting person.
  • Amendment number: This is Amendment No. 2 to a previously filed statement covering MarketAxess Holdings Inc common stock, CUSIP 57060D108.
  • Issuer address: MarketAxess Holdings Inc is located at 55 Hudson Yards, 15th Floor, New York, NY 10001, according to the filing.
  • Reporting persons: The three filers are North Reef Capital Management LP (a Delaware limited partnership), North Reef Capital Management GP LLC (a Delaware limited liability company), and James Hanna, III (California).

North Reef Capital Reports Full Exit from MarketAxess Common Stock

According to the filing, North Reef Capital Management LP is classified as an investment adviser and limited partnership (type "IA, PN"), while North Reef Capital Management GP LLC is classified as a limited liability company (type "OO"), and James Hanna, III is classified as an individual (type "IN"). All three are based at 1833 South Coast Highway, Suite 210, Laguna Beach, California 92651. The filing was signed on November 13, 2026, by Daniel Locasto as Chief Compliance Officer on behalf of North Reef Capital Management LP, and by James Hanna, III as Managing Member on behalf of North Reef Capital Management GP LLC and in his individual capacity.

The filing covers MarketAxess Holdings Inc common stock, which carries a par value of $0.003 per share and trades under CUSIP 57060D108 on NASDAQ:MKTX. MarketAxess Holdings Inc is an operator of an electronic trading platform focused on fixed-income securities, including corporate bonds. The amended statement checks the box for "Ownership of 5 percent or less of a class" under Item 5, and each of Items 6 through 9 is marked "Not Applicable," indicating no group membership, no subsidiary involvement, and no dissolution of a group.

The certifications included in the filing state, in the filers' own words, that the securities "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." A joint filing agreement is attached as Exhibit 99.1.

What Was Disclosed

Three affiliated reporting persons, North Reef Capital Management LP, North Reef Capital Management GP LLC, and James Hanna, III, disclosed through Amendment No. 2 that they collectively held zero shares, zero voting power, and zero dispositive power in MarketAxess Holdings Inc as of September 30, 2026.