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Nasdaq, Inc.

NDAQ
Exchange
Nasdaq
Industry
Security & Commodity Brokers, Dealers, Exchanges & Services
SEC CIK
0001120193

In the last 90 days, Nasdaq, Inc. insiders filed 0 open-market purchases and 9 sales; 1,091 institutions reported holding it in 13F filings for Q2 2026, worth $37.2B in total; Harris Associates (Oakmark) is the only superinvestor holding it.

13F holders, Q1 2025

Institutional positions in Nasdaq, Inc. as of Mar 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
935
+41 vs. Q4 2024
Shares held
486.4M
+11.1M (+2.3%) vs. Q4 2024
Total value
$36.9B
+$108.5M (+0.3%) vs. Q4 2024
New holders
125
387 more added
Sold out
84
293 more reduced

14 institutions that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 2024: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting NDAQ on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ1 2025: 935 institutions
Q1 2021: 593 institutionsQ2 2021: 602 institutionsQ3 2021: 617 institutionsQ4 2021: 716 institutionsQ1 2022: 680 institutionsQ2 2022: 646 institutionsQ3 2022: 683 institutionsQ4 2022: 718 institutionsQ1 2023: 690 institutionsQ2 2023: 697 institutionsQ3 2023: 701 institutionsQ4 2023: 727 institutionsQ1 2024: 766 institutionsQ2 2024: 759 institutionsQ3 2024: 844 institutionsQ4 2024: 908 institutionsQ1 2025: 935 institutionsQ2 2025: 1,022 institutionsQ3 2025: 1,047 institutionsQ4 2025: 1,104 institutionsQ1 2026: 1,100 institutionsQ2 2026: 1,091 institutions
Value heldQ1 2025: $36.9B
Q1 2021: $18.0BQ2 2021: $21.3BQ3 2021: $23.5BQ4 2021: $26.0BQ1 2022: $21.6BQ2 2022: $18.4BQ3 2022: $20.6BQ4 2022: $22.4BQ1 2023: $19.8BQ2 2023: $18.0BQ3 2023: $17.4BQ4 2023: $25.3BQ1 2024: $30.3BQ2 2024: $28.8BQ3 2024: $34.9BQ4 2024: $37.0BQ1 2025: $36.9BQ2 2025: $42.8BQ3 2025: $42.0BQ4 2025: $46.7BQ1 2026: $39.7BQ2 2026: $37.2B
Institutions holding NDAQ and their total value by quarter
QuarterHoldersValue
Q2 20261,091$37.2B
Q1 20261,100$39.7B
Q4 20251,104$46.7B
Q3 20251,047$42.0B
Q2 20251,022$42.8B
Q1 2025935$36.9B
Q4 2024908$37.0B
Q3 2024844$34.9B
Q2 2024759$28.8B
Q1 2024766$30.3B
Q4 2023727$25.3B
Q3 2023701$17.4B
Q2 2023697$18.0B
Q1 2023690$19.8B
Q4 2022718$22.4B
Q3 2022683$20.6B
Q2 2022646$18.4B
Q1 2022680$21.6B
Q4 2021716$26.0B
Q3 2021617$23.5B
Q2 2021602$21.3B
Q1 2021593$18.0B

Institutions, Q1 2025

Shares, value and share of portfolio for each institution holding Nasdaq, Inc.; share changes are against Q4 2024.

Institutions holding NDAQ in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Flagship Harbor Advisors, LLC17,603$1.34M0.07%−520−2.9%Reduced
USA Financial Portformulas Corp17,842$1.35M0.22%+6,764+61.1%Added
Evelyn Partners Investment Management (Europe) Ltd17,967$1.36M0.51%+906+5.3%Added
Legacy Bridge, LLC18,060$1.37M0.76%+475+2.7%Added
Numerai GP LLC18,203$1.38M0.26%+18,203New
Concurrent Investment Advisors, LLC18,231$1.38M0.03%+6,708+58.2%Added
Tealwood Asset Management Inc18,341$1.39M0.64%−487−2.6%Reduced
NFJ Investment Group, LLC18,348$1.39M0.05%−54,460−74.8%Reduced
AAFMAA Wealth Management & Trust LLC18,367$1.39M0.63%+6,073+49.4%Added
Waterfront Wealth Inc.18,597$1.41M0.34%+29+0.2%Added
DRW Securities, LLC18,917$1.43M0.12%+14,980+380.5%Added
AG2R la Mondiale Gestion D'Actifs17,221$1.44M0.08%+17,221New
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management19,131$1.45M0.04%+19,131New
Maryland State Retirement & Pension System19,254$1.46M0.03%−2,739−12.5%Reduced
E. Ohman J:or Asset Management AB19,322$1.47M0.04%00.0%Unchanged
New Mexico Educational Retirement Board19,384$1.47M0.05%−300−1.5%Reduced
Leonteq Securities AG19,298$1.49M0.11%+674+3.6%Added
Allspring Global Investments Holdings, LLC19,571$1.49M0.00%−54−0.3%Reduced
Fifth Third Bancorp19,732$1.50M0.01%+312+1.6%Added
Federated Hermes, Inc.20,299$1.54M0.00%+18,734+1,197.1%Added
Roman Butler Fullerton & Co21,286$1.56M0.60%+26+0.1%Added
Vontobel Holding Ltd.20,560$1.56M0.01%−4,330−17.4%Reduced
ING Groep NV20,572$1.56M0.01%−141−0.7%Reduced
Sabal Trust CO20,599$1.56M0.09%−392,635−95.0%Reduced
Ossiam20,911$1.59M0.02%−3,646−14.8%Reduced
Fiduciary Alliance LLC21,036$1.60M0.16%+7,912+60.3%Added
Westover Capital Advisors, LLC21,062$1.60M0.35%−420−2.0%Reduced
MAI Capital Management21,064$1.60M0.01%−579−2.7%Reduced
Congress Wealth Management LLC21,191$1.61M0.02%+13,727+183.9%Added
Lido Advisors, LLC21,327$1.62M0.01%+17,908+523.8%Added
Burling Wealth Partners, LLC21,365$1.62M0.34%+4,664+27.9%Added
Teza Capital Management LLC21,474$1.63M0.74%+18,831+712.5%Added
Envestnet Portfolio Solutions, Inc.21,513$1.63M0.01%−6,418−23.0%Reduced
Norinchukin Bank, The21,629$1.64M0.03%+2,879+15.4%Added
Securian Asset Management, Inc21,831$1.66M0.05%−409−1.8%Reduced
Steward Partners Investment Advisory, LLC21,834$1.66M0.01%−1,415−6.1%Reduced
Wealthfront Advisers LLC21,893$1.66M0.00%+676+3.2%Added
Shell Asset Management Co21,913$1.66M0.08%−606−2.7%Reduced
Louisiana State Employees Retirement System22,300$1.69M0.03%00.0%Unchanged
Quadrature Capital Ltd22,313$1.69M0.04%+22,313New
MML Investors Services, LLC22,371$1.70M0.01%+13,846+162.4%Added
Huntington National Bank22,398$1.70M0.01%−122−0.5%Reduced
LGT Fund Management Co Ltd.22,480$1.71M0.15%−840−3.6%Reduced
Adviser Investments LLC22,659$1.72M0.02%−107−0.5%Reduced
Kovitz Investment Group Partners, LLC22,976$1.74M0.01%+15,848+222.3%Added
Pittenger & Anderson Inc23,394$1.77M0.07%−1,862−7.4%Reduced
Inceptionr LLC23,484$1.78M0.53%−7,257−23.6%Reduced
Banque Cantonale Vaudoise23,536$1.78M0.08%+23,536New
Gardner Lewis Asset Management L P24,080$1.83M0.44%00.0%Unchanged
NEOS Investment Management LLC24,842$1.88M0.04%+4,141+20.0%Added
Gulf International Bank (UK) Ltd25,055$1.90M0.07%−7,043−21.9%Reduced
Erste Asset Management GmbH25,399$1.90M0.02%+1,571+6.6%Added
Picton Mahoney Asset Management25,230$1.91M0.07%−151,426−85.7%Reduced
Banco Bilbao Vizcaya Argentaria, S.A.25,269$1.92M0.02%+5,653+28.8%Added
Hartford Investment Management Co25,252$1.92M0.07%−448−1.7%Reduced
TriaGen Wealth Management LLC25,627$1.94M0.69%−47−0.2%Reduced
Leavell Investment Management, Inc.26,040$1.98M0.10%+21+0.1%Added
First Horizon Advisors, Inc.26,268$1.99M0.06%−1,661−5.9%Reduced
Atria Investments LLC26,369$2.00M0.03%−6,313−19.3%Reduced
Motley Fool Asset Management LLC26,754$2.03M0.11%+567+2.2%Added
Regions Financial Corp26,905$2.04M0.02%−8,562−24.1%Reduced
Promethium Advisors,llc27,006$2.05M1.31%+6,057+28.9%Added
Prime Capital Investment Advisors, LLC27,063$2.05M0.02%+785+3.0%Added
Alerus Financial NA27,155$2.06M0.16%+27,155New
Toroso Investments, LLC27,315$2.07M0.02%−13,943−33.8%Reduced
Ameritas Investment Partners, Inc.27,352$2.07M0.07%+335+1.2%Added
Texas Yale Capital Corp.27,688$2.10M0.09%+1,196+4.5%Added
Crossmark Global Holdings, Inc.27,815$2.11M0.04%−468−1.7%Reduced
Kentucky Retirement Systems28,121$2.13M0.07%−316−1.1%Reduced
Dai-Ichi Life Insurance Company, Ltd28,845$2.19M0.06%00.0%Unchanged
Greenwich Wealth Management LLC29,900$2.27M0.17%00.0%Unchanged
Illinois Municipal Retirement Fund29,919$2.27M0.03%00.0%Unchanged
RBF Capital, LLC30,000$2.28M0.14%00.0%Unchanged
Sax Wealth Advisors, LLC30,082$2.28M0.16%+144+0.5%Added
Pensionmark Financial Group, LLC30,132$2.29M0.06%+526+1.8%Added
TKG Advisors, LLC30,243$2.29M1.13%+30,243New
Fairbanks Capital Management, Inc.31,011$2.35M1.51%−110−0.4%Reduced
GWM Advisors LLC31,143$2.36M0.01%+16,542+113.3%Added
Gold Investment Management Ltd.31,475$2.39M1.01%+1,360+4.5%Added
Keebeck Wealth Management, LLC31,618$2.40M0.35%+31,618New
Ieq Capital, LLC31,663$2.40M0.02%+5,161+19.5%Added
Applied Capital LLC31,722$2.41M1.93%−265−0.8%Reduced
Avanza Fonder AB30,805$2.41M0.08%−996−3.1%Reduced
Parkwood LLC32,600$2.47M0.24%+32,600New
First American Bank32,618$2.47M0.18%+1,133+3.6%Added
Mizuho Securities USA LLC33,135$2.51M0.05%−6,086−15.5%Reduced
Evelyn Partners Investment Management Services Ltd33,218$2.52M0.41%+12,886+63.4%Added
Kestra Advisory Services, LLC33,312$2.53M0.01%−661−1.9%Reduced
Dynamic Technology Lab Private Ltd33,619$2.55M0.37%+12,438+58.7%Added
Thompson Siegel & Walmsley LLC33,750$2.56M0.04%−23,650−41.2%Reduced
G&S Capital LLC33,912$2.57M1.09%+33,912New
Woodline Partners LP34,962$2.65M0.02%+10,110+40.7%Added
Intech Investment Management LLC35,052$2.66M0.03%−19,309−35.5%Reduced
Oregon Public Employees Retirement Fund35,527$2.70M0.05%+20+0.1%Added
Cetera Investment Advisers35,991$2.73M0.01%+8,770+32.2%Added
Meiji Yasuda Asset Management Co Ltd.36,369$2.76M0.11%+29,883+460.7%Added
Prosperity Consulting Group, LLC36,458$2.77M0.21%−3,715−9.2%Reduced
Ascent Group, LLC36,563$2.77M0.12%+36,563New
Balyasny Asset Management LLC36,755$2.79M0.01%−789,145−95.5%Reduced
Point72 (DIFC) Ltd36,957$2.80M0.27%+36,957New