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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 10 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, Q2 2025

Institutional positions in Nasdaq, Inc. as of Jun 30, 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
1,022
+97 vs. Q1 2025
Shares held
478.9M
−6.79M (−1.4%) vs. Q1 2025
Total value
$42.8B
+$5.98B (+16.2%) vs. Q1 2025
New holders
169
414 more added
Sold out
72
305 more reduced

10 institutions that held it in Q1 2025 haven't filed for Q2 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2025: 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 holdersQ2 2025: 1,022 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 heldQ2 2025: $42.8B
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, Q2 2025

Shares, value and share of portfolio for each institution holding Nasdaq, Inc.; share changes are against Q1 2025.

Institutions holding NDAQ in Q2 2025
InstitutionSharesValue% of portfolioChange in sharesAction
CapitalatWork S.A.51,376$4.59M0.14%−2,000−3.7%Reduced
Dark Forest Capital Management LP52,158$4.66M0.19%+2,306+4.6%Added
O'Shaughnessy Asset Management, LLC52,679$4.71M0.03%+12,254+30.3%Added
CIBC World Markets Corp52,764$4.72M0.03%+2,063+4.1%Added
Toroso Investments, LLC53,307$4.77M0.03%+25,992+95.2%Added
Sumitomo Mitsui DS Asset Management Company, Ltd53,310$4.77M0.04%+1,087+2.1%Added
Nissay Asset Management Corp54,142$4.84M0.03%+1,213+2.3%Added
Mirae Asset Global Investments Co., Ltd.54,405$4.86M0.02%+1,609+3.0%Added
Acadian Asset Management LLC54,674$4.89M0.01%−6,519−10.7%Reduced
AE Wealth Management LLC54,865$4.91M0.04%+1,330+2.5%Added
M&T Bank Corp55,006$4.92M0.02%+5,184+10.4%Added
ISAM Funds (UK) Ltd55,471$4.96M1.09%+55,471New
First National Bank of Omaha56,092$5.02M0.32%+1,156+2.1%Added
Hennion & Walsh Asset Management, Inc.57,239$5.12M0.21%+16,970+42.1%Added
Cetera Investment Advisers57,298$5.12M0.01%+21,307+59.2%Added
Stratos Wealth Partners, LTD.57,580$5.15M0.07%+1,544+2.8%Added
QRG Capital Management, Inc.59,504$5.32M0.05%+20,637+53.1%Added
MML Investors Services, LLC59,930$5.36M0.02%+37,559+167.9%Added
Bokf, NA60,652$5.42M0.09%−3,441−5.4%Reduced
Davenport & Co LLC61,018$5.46M0.03%+5,059+9.0%Added
New York Life Investment Management LLC61,799$5.53M0.05%+715+1.2%Added
Taikang Asset Management (Hong Kong) Co Ltd62,265$5.57M0.72%00.0%Unchanged
Montag A & Associates Inc62,474$5.59M0.27%−710−1.1%Reduced
Police & Firemen's Retirement System of New Jersey62,825$5.62M0.05%+2,669+4.4%Added
Robertson Opportunity Capital, LLC63,039$5.64M2.09%00.0%Unchanged
Candriam Luxembourg S.C.A.63,332$5.66M0.03%−179−0.3%Reduced
Edmond de Rothschild Holding S.A.63,728$5.70M0.09%−4,745−6.9%Reduced
Cambridge Investment Research Advisors, Inc.63,728$5.70M0.02%+3,048+5.0%Added
US Bancorp64,153$5.74M0.01%+16,950+35.9%Added
Mirova US LLC64,907$5.80M0.06%+64,907New
Erste Asset Management GmbH65,995$5.87M0.05%+40,596+159.8%Added
Sequoia Financial Advisors, LLC66,780$5.97M0.04%+9,609+16.8%Added
Mercer Global Advisors Inc67,874$6.07M0.01%+29,504+76.9%Added
British Columbia Investment Management Corp67,881$6.07M0.04%−14,553−17.7%Reduced
Utah Retirement Systems67,895$6.07M0.06%−301−0.4%Reduced
Dnca Finance68,100$6.09M0.47%00.0%Unchanged
Oppenheimer Asset Management Inc.68,198$6.10M0.07%+20,891+44.2%Added
Horizon Kinetics Asset Management LLC69,496$6.21M0.07%−33,847−32.8%Reduced
Northwestern Mutual Wealth Management Co69,529$6.22M0.00%+5,517+8.6%Added
Jones Financial Companies LLLP70,010$6.24M0.00%+18,762+36.6%Added
Van Hulzen Asset Management, LLC69,819$6.24M0.52%+5,516+8.6%Added
Brinker Capital Investments, LLC70,164$6.27M0.05%+365+0.5%Added
Groupe la Francaise71,737$6.39M0.10%+12,286+20.7%Added
Tredje AP-fonden72,325$6.47M0.05%+17,897+32.9%Added
Sierra Summit Advisors LLC72,563$6.49M1.16%+72,563New
Bollard Group LLC72,685$6.50M0.15%+217+0.3%Added
Federation des caisses Desjardins du Quebec72,856$6.52M0.03%−1,479−2.0%Reduced
Creative Planning73,096$6.54M0.01%+13,837+23.4%Added
Quantinno Capital Management LP73,598$6.58M0.03%+24,343+49.4%Added
Qsemble Capital Management, LP74,792$6.69M0.64%+33,498+81.1%Added
USS Investment Management Ltd75,488$6.75M0.04%+2,505+3.4%Added
Sanctuary Advisors, LLC76,725$6.86M0.04%+15,950+26.2%Added
Kinneret Advisory, LLC76,932$6.88M0.63%−116−0.2%Reduced
Andra AP-fonden78,000$6.97M0.10%+17,600+29.1%Added
Janus Henderson Group PLC81,427$7.28M0.00%+21,247+35.3%Added
Amalgamated Bank81,671$7.30M0.06%−569−0.7%Reduced
DnB Asset Management AS82,126$7.34M0.03%+5,960+7.8%Added
Kanawha Capital Management LLC82,886$7.41M0.55%+388+0.5%Added
Quantbot Technologies LP83,456$7.46M0.19%−26,427−24.1%Reduced
Lombard Odier Asset Management (Switzerland) SA84,048$7.52M0.38%+4,777+6.0%Added
Mirae Asset Global ETFs Holdings Ltd.84,376$7.54M0.01%−3,578−4.1%Reduced
Public Sector Pension Investment Board85,147$7.61M0.03%−25,534−23.1%Reduced
Natixis85,764$7.67M0.04%+85,764New
Snowden Capital Advisors LLC87,470$7.82M0.23%+30,335+53.1%Added
Baker Avenue Asset Management, LP87,514$7.83M0.22%−7,435−7.8%Reduced
Retirement Systems of Alabama88,700$7.93M0.03%−227−0.3%Reduced
First Manhattan Co88,723$7.93M0.02%−2,246−2.5%Reduced
Forsta Ap-Fonden89,100$7.97M0.05%+600+0.7%Added
Round Hill Asset Management89,307$7.99M5.39%00.0%Unchanged
Lynwood Price Capital Management LP89,663$8.02M3.99%+89,663New
Skandinaviska Enskilda Banken AB (publ)90,166$8.06M0.04%−4,949−5.2%Reduced
Polar Capital Holdings Plc90,534$8.10M0.04%−123,908−57.8%Reduced
Olstein Capital Management, L.P.91,000$8.14M1.53%−1,000−1.1%Reduced
Segall Bryant & Hamill, LLC91,354$8.17M0.11%−5,912−6.1%Reduced
ProShare Advisors LLC91,457$8.18M0.02%−5,461−5.6%Reduced
Swiss Life Asset Management Ltd91,650$8.20M0.05%+19,327+26.7%Added
Fjarde Ap-Fonden /Fourth Swedish National Pension Fund92,315$8.26M0.08%+6,900+8.1%Added
Baader Bank INC93,719$8.37M0.72%−3,961−4.1%Reduced
IFM Investors Pty Ltd94,249$8.43M0.08%+4,654+5.2%Added
Xponance, Inc.96,741$8.65M0.07%+3,749+4.0%Added
Ethic Inc.97,652$8.70M0.16%+5,990+6.5%Added
Marshall Wace, LLP97,823$8.75M0.01%+97,823New
Groupama Asset Managment100,100$8.92M0.15%−17,194−14.7%Reduced
Longaeva Partners L.P.99,961$8.94M2.15%+99,961New
Capstone Investment Advisors, LLC100,000$8.94M0.08%+95,297+2,026.3%Added
Thematics Asset Management100,078$8.95M0.40%−3,434−3.3%Reduced
AXA S.A.100,292$8.97M0.03%−20.0%Reduced
Hikari Power Ltd100,500$8.99M0.75%00.0%Unchanged
Engineers Gate Manager LP100,616$9.00M0.11%+46,106+84.6%Added
Czech National Bank101,041$9.04M0.07%+6,005+6.3%Added
Commonwealth of Pennsylvania Public School Empls Retrmt Sys101,381$9.07M0.05%+6,744+7.1%Added
Ieq Capital, LLC101,423$9.07M0.06%+69,760+220.3%Added
Tudor Investment Corp Et Al102,642$9.18M0.07%+102,642New
Aquatic Capital Management LLC103,710$9.27M0.19%−71,787−40.9%Reduced
Commonwealth Equity Services, LLC104,019$9.30M0.01%−24,385−19.0%Reduced
Nicholas Company, Inc.104,475$9.34M0.16%00.0%Unchanged
Banco Santander, S.A.104,560$9.35M0.09%00.0%Unchanged
MetLife Investment Management105,308$9.42M0.06%−2,137−2.0%Reduced
Jefferies Financial Group Inc.109,164$9.76M0.16%−679,085−86.2%Reduced
DekaBank Deutsche Girozentrale110,422$9.85M0.02%−26,531−19.4%Reduced