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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
Voloridge Investment Management, LLC404,529$30.7M0.11%+165,404+69.2%Added
Vaughan Nelson Investment Management, L.P.404,008$30.6M0.31%−155,850−27.8%Reduced
Public Employees Retirement Association of Colorado394,626$29.9M0.13%00.0%Unchanged
New York State Common Retirement Fund390,874$29.7M0.04%−82,081−17.4%Reduced
Braun Stacey Associates Inc387,410$29.4M1.20%−1,026−0.3%Reduced
State Board of Administration of Florida Retirement System385,722$29.3M0.06%00.0%Unchanged
Zurcher Kantonalbank (Zurich Cantonalbank)382,334$29.0M0.08%+27,034+7.6%Added
Evelyn Partners Investment Management LLP379,210$28.8M0.96%+54,767+16.9%Added
Stifel Financial Corp362,361$27.5M0.03%−33,595−8.5%Reduced
Pathstone Holdings, LLC360,555$27.4M0.12%−27,613−7.1%Reduced
Credit Agricole S A347,983$26.4M0.10%+10,070+3.0%Added
STRS Ohio346,000$26.2M0.11%00.0%Unchanged
Alta Park Capital, LP345,449$26.2M5.09%+11,698+3.5%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.333,936$25.3M0.07%+7,982+2.4%Added
CI Private Wealth, LLC329,068$25.0M0.04%−8,523−2.5%Reduced
AQR Capital Management LLC334,533$24.9M0.03%+168,916+102.0%Added
Dearborn Partners LLC328,867$24.9M1.20%−77,649−19.1%Reduced
Pictet Asset Management Holding SA326,983$24.8M0.03%+38,230+13.2%Added
National Bank of Canada321,282$24.4M0.03%+96,247+42.8%Added
New York State Teachers Retirement System320,876$24.3M0.06%−8,204−2.5%Reduced
Korea Investment CORP319,368$24.2M0.06%+21,791+7.3%Added
Commerce Bank316,663$24.0M0.15%−8,888−2.7%Reduced
SEI Investments Co311,241$23.6M0.03%−2,818−0.9%Reduced
Bank of Nova Scotia309,417$23.5M0.05%+74,976+32.0%Added
Arrowstreet Capital, Limited Partnership300,845$22.8M0.02%+246,074+449.3%Added
Standard Life Aberdeen plc298,814$22.4M0.04%+153,261+105.3%Added
McRae Capital Management Inc291,301$22.1M4.66%−3,500−1.2%Reduced
Macquarie Group Ltd286,485$21.7M0.03%+18,444+6.9%Added
Cubist Systematic Strategies, LLC286,400$21.7M0.28%+286,400New
United Capital Financial Advisers, LLC282,761$21.5M0.18%+21,536+8.2%Added
Russell Investments Group, Ltd.276,861$21.0M0.03%+13,820+5.3%Added
State of Wisconsin Investment Board270,566$20.5M0.05%+3,304+1.2%Added
Danske Bank A/S268,939$20.4M0.06%−3,667−1.3%Reduced
Storebrand Asset Management AS267,865$20.3M0.07%+165+0.1%Added
Allianz Asset Management GmbH264,230$20.0M0.03%−288,451−52.2%Reduced
Foster Victor Wealth Advisors, LLC279,815$20.0M1.61%+10,247+3.8%Added
Victory Capital Management Inc246,187$18.7M0.02%−4,892−1.9%Reduced
Campbell Newman Asset Management Inc240,819$18.3M1.55%+240,819New
Frontier Capital Management Co LLC240,665$18.3M0.20%−14,935−5.8%Reduced
The PNC Financial Services Group, Inc.239,756$18.2M0.01%+1,301+0.5%Added
HighTower Advisors, LLC228,675$17.3M0.02%+8,348+3.8%Added
KLP Kapitalforvaltning AS226,384$17.2M0.08%−4,300−1.9%Reduced
Voya Investment Management LLC222,608$16.9M0.02%+1,753+0.8%Added
Polar Capital Holdings Plc214,442$16.3M0.10%−4,159−1.9%Reduced
APG Asset Management N.V.226,000$15.9M0.05%−1,500−0.7%Reduced
Ensign Peak Advisors, Inc207,178$15.7M0.03%+9,500+4.8%Added
Canada Pension Plan Investment Board206,454$15.7M0.02%−4,095−1.9%Reduced
Public Employees Retirement System of Ohio199,935$15.2M0.06%+16,694+9.1%Added
Royal London Asset Management Ltd193,051$14.6M0.03%+24,687+14.7%Added
Treasurer of the State of North Carolina188,505$14.3M0.06%−14,210−7.0%Reduced
Mitsubishi UFJ Trust & Banking Corp187,354$14.2M0.04%−1,887−1.0%Reduced
Kames Capital plc187,155$14.2M0.21%+187,155New
Mackenzie Financial Corp183,337$13.9M0.02%−10,541−5.4%Reduced
Asset Management One Co.,Ltd.182,851$13.9M0.05%+13,182+7.8%Added
Verition Fund Management LLC181,891$13.8M0.08%+124,953+219.5%Added
Raiffeisen Bank International AG181,600$13.6M0.22%+177,153+3,983.7%Added
Teacher Retirement System of Texas177,192$13.4M0.06%+116,545+192.2%Added
First Trust Advisors LP176,401$13.4M0.01%−525,255−74.9%Reduced
Aquatic Capital Management LLC175,497$13.3M0.34%+109,695+166.7%Added
Baird Financial Group, Inc.167,862$12.7M0.02%+3,504+2.1%Added
Cary Street Partners Financial LLC162,957$12.4M0.39%−1,932−1.2%Reduced
Toronto Dominion Bank162,705$12.3M0.03%−61,088−27.3%Reduced
Point72 Asset Management, L.P.161,533$12.3M0.03%−429,017−72.6%Reduced
First Fiduciary Investment Counsel, Inc.161,244$12.2M2.62%−5,923−3.5%Reduced
Cumberland Partners Ltd160,972$12.2M0.94%−9,023−5.3%Reduced
Winslow Capital Management, LLC157,110$11.9M0.05%−94,520−37.6%Reduced
Ofi Invest Asset Management168,363$11.8M0.31%+140,479+503.8%Added
TD Asset Management Inc151,197$11.5M0.01%+1,943+1.3%Added
GHP Investment Advisors, Inc.149,023$11.3M0.54%+15,519+11.6%Added
Prudential PLC148,723$11.3M0.06%+9,773+7.0%Added
ExodusPoint Capital Management, LP144,182$10.9M0.14%+144,182New
Glenmede Trust Co NA144,106$10.9M0.06%+109,230+313.2%Added
Citadel Advisors LLC143,852$10.9M0.01%+2,792+2.0%Added
Hudson Bay Capital Management LP142,892$10.8M0.07%+142,892New
Lansforsakringar Fondforvaltning AB (publ)141,314$10.7M0.07%−1,568−1.1%Reduced
AMJ Financial Wealth Management139,593$10.6M3.18%+6,787+5.1%Added
Resona Asset Management Co.,Ltd.138,832$10.5M0.06%+8,914+6.9%Added
Freestone Grove Partners LP136,416$10.3M0.11%−36,457−21.1%Reduced
Rafferty Asset Management, LLC135,667$10.3M0.04%−10,329−7.1%Reduced
State of New Jersey Common Pension Fund D135,227$10.3M0.05%−14,116−9.5%Reduced
State of Tennessee, Treasury Department134,435$10.2M0.04%−15,443−10.3%Reduced
Nomura Asset Management Co Ltd134,317$10.2M0.03%+6,726+5.3%Added
Cullen/Frost Bankers, Inc.133,891$10.2M0.14%−3,203−2.3%Reduced
DekaBank Deutsche Girozentrale136,953$10.2M0.02%+26,531+24.0%Added
Daiwa Securities Group Inc.133,684$10.1M0.04%+25,107+23.1%Added
Teachers Retirement System of the State of Kentucky130,840$9.93M0.09%+3,196+2.5%Added
Nisa Investment Advisors, LLC130,796$9.92M0.05%−350−0.3%Reduced
FourThought Financial Partners, LLC130,567$9.90M1.04%+39,832+43.9%Added
Millennium Management LLC130,512$9.90M0.01%−167,540−56.2%Reduced
Varma Mutual Pension Insurance Co129,076$9.79M0.08%−13,100−9.2%Reduced
Commonwealth Equity Services, LLC128,404$9.74M0.01%+33,261+35.0%Added
Mn Services Vermogensbeheer B.V.125,300$9.51M0.07%−9,700−7.2%Reduced
Arizona State Retirement System124,636$9.45M0.06%−542−0.4%Reduced
Aperture Investors, LLC118,419$8.98M1.37%+22,312+23.2%Added
CIBC Asset Management Inc118,113$8.96M0.03%+50,290+74.1%Added
Groupama Asset Managment117,294$8.79M0.18%+22,701+24.0%Added
KBC Group NV115,425$8.76M0.03%+9,324+8.8%Added
Avantax Advisory Services, Inc.115,145$8.73M0.05%+5,599+5.1%Added
Cerity Partners LLC113,872$8.64M0.02%+60.0%Added
Gotham Asset Management, LLC113,182$8.59M0.07%+19,383+20.7%Added