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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
Dark Forest Capital Management LP49,852$3.78M0.17%+42,733+600.3%Added
M&T Bank Corp49,822$3.78M0.01%−52−0.1%Reduced
Quantinno Capital Management LP49,255$3.74M0.02%+14,250+40.7%Added
State of Alaska, Department of Revenue48,497$3.68M0.04%+1,315+2.8%Added
Mutual of America Capital Management LLC48,126$3.65M0.04%−1,450−2.9%Reduced
Oppenheimer Asset Management Inc.47,307$3.59M0.04%+43,654+1,195.0%Added
US Bancorp47,203$3.58M0.00%+44+0.1%Added
OP Asset Management Ltd47,186$3.58M0.06%+47,186New
Siemens Fonds Invest GmbH47,024$3.57M0.25%−168−0.4%Reduced
B. Metzler seel. Sohn & Co. AG46,682$3.54M0.04%−4,102−8.1%Reduced
Elo Mutual Pension Insurance Co44,856$3.40M0.08%+4,024+9.9%Added
Portfolio Design Labs, LLC43,870$3.33M0.69%+43,870New
Jump Financial, LLC43,408$3.29M0.05%−30,371−41.2%Reduced
Janney Montgomery Scott LLC43,161$3.27M0.01%+3,096+7.7%Added
Bensler, LLC42,363$3.21M0.40%−929−2.1%Reduced
Pacer Advisors, Inc.41,506$3.15M0.01%−12,427−23.0%Reduced
Qsemble Capital Management, LP41,294$3.13M0.33%−15,711−27.6%Reduced
UniSuper Management Pty Ltd41,086$3.12M0.02%+1,991+5.1%Added
First Washington CORP40,968$3.11M1.09%00.0%Unchanged
JustInvest LLC40,683$3.09M0.05%+2,214+5.8%Added
Magnetar Financial LLC40,665$3.08M0.04%+3,025+8.0%Added
O'Shaughnessy Asset Management, LLC40,425$3.07M0.02%+4,145+11.4%Added
Hennion & Walsh Asset Management, Inc.40,269$3.05M0.14%+16,099+66.6%Added
Paralel Advisors LLC39,782$3.02M0.13%00.0%Unchanged
Point72 Hong Kong Ltd39,705$3.01M0.22%+39,705New
CIBC World Markets Inc.39,521$3.00M0.01%+32,939+500.4%Added
Penobscot Investment Management Company, Inc.39,093$2.97M0.28%+1,920+5.2%Added
Guardian Partners Inc.40,125$2.95M0.30%+1,600+4.2%Added
QRG Capital Management, Inc.38,867$2.95M0.03%+521+1.4%Added
Metis Global Partners, LLC38,390$2.91M0.08%+4,555+13.5%Added
Mercer Global Advisors Inc38,370$2.91M0.01%−585−1.5%Reduced
Wealth Enhancement Advisory Services, LLC37,864$2.87M0.01%+5,789+18.0%Added
Rakuten Investment Management, Inc.38,300$2.87M0.01%+38,300New
Advisor Group Holdings, Inc.37,050$2.81M0.01%+16,059+76.5%Added
Ostrum Asset Management37,050$2.81M0.15%+2,834+8.3%Added
Point72 (DIFC) Ltd36,957$2.80M0.27%+36,957New
Balyasny Asset Management LLC36,755$2.79M0.01%−789,145−95.5%Reduced
Ascent Group, LLC36,563$2.77M0.12%+36,563New
Prosperity Consulting Group, LLC36,458$2.77M0.21%−3,715−9.2%Reduced
Meiji Yasuda Asset Management Co Ltd.36,369$2.76M0.11%+29,883+460.7%Added
Cetera Investment Advisers35,991$2.73M0.01%+8,770+32.2%Added
Oregon Public Employees Retirement Fund35,527$2.70M0.05%+20+0.1%Added
Intech Investment Management LLC35,052$2.66M0.03%−19,309−35.5%Reduced
Woodline Partners LP34,962$2.65M0.02%+10,110+40.7%Added
G&S Capital LLC33,912$2.57M1.09%+33,912New
Thompson Siegel & Walmsley LLC33,750$2.56M0.04%−23,650−41.2%Reduced
Dynamic Technology Lab Private Ltd33,619$2.55M0.37%+12,438+58.7%Added
Kestra Advisory Services, LLC33,312$2.53M0.01%−661−1.9%Reduced
Evelyn Partners Investment Management Services Ltd33,218$2.52M0.41%+12,886+63.4%Added
Mizuho Securities USA LLC33,135$2.51M0.05%−6,086−15.5%Reduced
First American Bank32,618$2.47M0.18%+1,133+3.6%Added
Parkwood LLC32,600$2.47M0.24%+32,600New
Avanza Fonder AB30,805$2.41M0.08%−996−3.1%Reduced
Applied Capital LLC31,722$2.41M1.93%−265−0.8%Reduced
Ieq Capital, LLC31,663$2.40M0.02%+5,161+19.5%Added
Keebeck Wealth Management, LLC31,618$2.40M0.35%+31,618New
Gold Investment Management Ltd.31,475$2.39M1.01%+1,360+4.5%Added
GWM Advisors LLC31,143$2.36M0.01%+16,542+113.3%Added
Fairbanks Capital Management, Inc.31,011$2.35M1.51%−110−0.4%Reduced
TKG Advisors, LLC30,243$2.29M1.13%+30,243New
Pensionmark Financial Group, LLC30,132$2.29M0.06%+526+1.8%Added
Sax Wealth Advisors, LLC30,082$2.28M0.16%+144+0.5%Added
RBF Capital, LLC30,000$2.28M0.14%00.0%Unchanged
Illinois Municipal Retirement Fund29,919$2.27M0.03%00.0%Unchanged
Greenwich Wealth Management LLC29,900$2.27M0.17%00.0%Unchanged
Dai-Ichi Life Insurance Company, Ltd28,845$2.19M0.06%00.0%Unchanged
Kentucky Retirement Systems28,121$2.13M0.07%−316−1.1%Reduced
Crossmark Global Holdings, Inc.27,815$2.11M0.04%−468−1.7%Reduced
Texas Yale Capital Corp.27,688$2.10M0.09%+1,196+4.5%Added
Ameritas Investment Partners, Inc.27,352$2.07M0.07%+335+1.2%Added
Toroso Investments, LLC27,315$2.07M0.02%−13,943−33.8%Reduced
Alerus Financial NA27,155$2.06M0.16%+27,155New
Prime Capital Investment Advisors, LLC27,063$2.05M0.02%+785+3.0%Added
Promethium Advisors,llc27,006$2.05M1.31%+6,057+28.9%Added
Regions Financial Corp26,905$2.04M0.02%−8,562−24.1%Reduced
Motley Fool Asset Management LLC26,754$2.03M0.11%+567+2.2%Added
Atria Investments LLC26,369$2.00M0.03%−6,313−19.3%Reduced
First Horizon Advisors, Inc.26,268$1.99M0.06%−1,661−5.9%Reduced
Leavell Investment Management, Inc.26,040$1.98M0.10%+21+0.1%Added
TriaGen Wealth Management LLC25,627$1.94M0.69%−47−0.2%Reduced
Hartford Investment Management Co25,252$1.92M0.07%−448−1.7%Reduced
Banco Bilbao Vizcaya Argentaria, S.A.25,269$1.92M0.02%+5,653+28.8%Added
Picton Mahoney Asset Management25,230$1.91M0.07%−151,426−85.7%Reduced
Erste Asset Management GmbH25,399$1.90M0.02%+1,571+6.6%Added
Gulf International Bank (UK) Ltd25,055$1.90M0.07%−7,043−21.9%Reduced
NEOS Investment Management LLC24,842$1.88M0.04%+4,141+20.0%Added
Gardner Lewis Asset Management L P24,080$1.83M0.44%00.0%Unchanged
Banque Cantonale Vaudoise23,536$1.78M0.08%+23,536New
Inceptionr LLC23,484$1.78M0.53%−7,257−23.6%Reduced
Pittenger & Anderson Inc23,394$1.77M0.07%−1,862−7.4%Reduced
Kovitz Investment Group Partners, LLC22,976$1.74M0.01%+15,848+222.3%Added
Adviser Investments LLC22,659$1.72M0.02%−107−0.5%Reduced
LGT Fund Management Co Ltd.22,480$1.71M0.15%−840−3.6%Reduced
Huntington National Bank22,398$1.70M0.01%−122−0.5%Reduced
MML Investors Services, LLC22,371$1.70M0.01%+13,846+162.4%Added
Quadrature Capital Ltd22,313$1.69M0.04%+22,313New
Louisiana State Employees Retirement System22,300$1.69M0.03%00.0%Unchanged
Shell Asset Management Co21,913$1.66M0.08%−606−2.7%Reduced
Wealthfront Advisers LLC21,893$1.66M0.00%+676+3.2%Added
Steward Partners Investment Advisory, LLC21,834$1.66M0.01%−1,415−6.1%Reduced