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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
Point72 Europe (London) LLP110,500$9.88M0.51%+110,500New
Assetmark, Inc110,885$9.92M0.02%+5,054+4.8%Added
Moore Capital Management, LP111,680$9.99M0.20%+13,013+13.2%Added
State of Michigan Retirement System112,390$10.0M0.05%+100+0.1%Added
Zacks Investment Management113,474$10.1M0.09%+750+0.7%Added
TD Waterhouse Canada Inc.115,238$10.2M0.07%+53,705+87.3%Added
Schroder Investment Management Group116,890$10.5M0.01%+2,556+2.2%Added
Trexquant Investment LP117,229$10.5M0.12%+45,094+62.5%Added
Prudential PLC118,187$10.6M0.06%−30,536−20.5%Reduced
Ofi Invest Asset Management141,499$10.8M0.27%−26,864−16.0%Reduced
Avantax Advisory Services, Inc.123,868$11.1M0.06%+8,723+7.6%Added
Cubist Systematic Strategies, LLC125,485$11.2M0.12%−160,915−56.2%Reduced
Arizona State Retirement System126,078$11.3M0.06%+1,442+1.2%Added
KBC Group NV127,258$11.4M0.03%+11,833+10.3%Added
Public Employees Retirement System of Ohio128,039$11.4M0.04%−71,896−36.0%Reduced
Interval Partners, LP128,514$11.5M0.26%+33,282+34.9%Added
Payden & Rygel131,000$11.7M0.97%+30,200+30.0%Added
FourThought Financial Partners, LLC131,351$11.7M1.16%+784+0.6%Added
Nisa Investment Advisors, LLC131,504$11.8M0.05%+708+0.5%Added
Cerity Partners LLC131,808$11.8M0.02%+17,936+15.8%Added
State of Tennessee, Treasury Department132,462$11.8M0.04%−1,973−1.5%Reduced
Connor, Clark & Lunn Investment Management Ltd.132,761$11.9M0.04%+25,380+23.6%Added
Cullen/Frost Bankers, Inc.132,777$11.9M0.15%−1,114−0.8%Reduced
Lansforsakringar Fondforvaltning AB (publ)134,716$12.0M0.07%−6,598−4.7%Reduced
State of New Jersey Common Pension Fund D135,227$12.1M0.05%00.0%Unchanged
CIBC Asset Management Inc135,866$12.1M0.04%+17,753+15.0%Added
Aperture Investors, LLC136,978$12.2M1.65%+18,559+15.7%Added
Rafferty Asset Management, LLC137,441$12.3M0.04%+1,774+1.3%Added
AMJ Financial Wealth Management137,805$12.3M3.12%−1,788−1.3%Reduced
Healthcare of Ontario Pension Plan Trust Fund138,990$12.4M0.02%+134,056+2,717.0%Added
Daiwa Securities Group Inc.139,259$12.5M0.05%+5,575+4.2%Added
Varma Mutual Pension Insurance Co141,776$12.7M0.09%+12,700+9.8%Added
Teachers Retirement System of the State of Kentucky142,265$12.7M0.10%+11,425+8.7%Added
Resona Asset Management Co.,Ltd.147,692$13.2M0.06%+8,860+6.4%Added
Capital World Investors147,836$13.2M0.00%−6,628,258−97.8%Reduced
Glenmede Investment Management, LP148,588$13.3M0.07%+148,588New
TD Asset Management Inc149,226$13.3M0.01%−1,971−1.3%Reduced
Raub Brock Capital Management LP158,068$14.1M3.08%+158,068New
GHP Investment Advisors, Inc.159,143$14.2M0.63%+10,120+6.8%Added
Comerica Bank159,328$14.2M0.06%+76,229+91.7%Added
Cumberland Partners Ltd160,530$14.4M1.00%−442−0.3%Reduced
Cary Street Partners Financial LLC160,547$14.4M0.40%−2,410−1.5%Reduced
First Fiduciary Investment Counsel, Inc.160,992$14.4M2.85%−252−0.2%Reduced
Mn Services Vermogensbeheer B.V.161,300$14.4M0.10%+36,000+28.7%Added
Nomura Asset Management Co Ltd163,135$14.6M0.04%+28,818+21.5%Added
Baird Financial Group, Inc.170,095$15.2M0.03%+2,233+1.3%Added
Brevan Howard Capital Management LP172,058$15.4M0.17%+172,058New
Lighthouse Investment Partners, LLC180,338$16.1M0.70%+67,339+59.6%Added
Gotham Asset Management, LLC185,434$16.6M0.10%+72,252+63.8%Added
Kames Capital plc186,642$16.7M0.21%−513−0.3%Reduced
Allianz Asset Management GmbH188,129$16.8M0.02%−76,101−28.8%Reduced
Royal London Asset Management Ltd190,022$17.0M0.04%−3,029−1.6%Reduced
Treasurer of the State of North Carolina192,645$17.2M0.06%+4,140+2.2%Added
Pinebridge Investments, L.P.195,159$17.5M0.14%+133,898+218.6%Added
Asset Management One Co.,Ltd.195,256$17.5M0.05%+12,405+6.8%Added
APG Asset Management N.V.232,700$17.7M0.05%+6,700+3.0%Added
Mitsubishi UFJ Trust & Banking Corp201,684$18.0M0.04%+14,330+7.6%Added
Ensign Peak Advisors, Inc210,996$18.9M0.03%+3,818+1.8%Added
Teacher Retirement System of Texas225,911$20.2M0.08%+48,719+27.5%Added
KLP Kapitalforvaltning AS229,084$20.5M0.09%+2,700+1.2%Added
Voya Investment Management LLC229,720$20.5M0.02%+7,112+3.2%Added
The PNC Financial Services Group, Inc.231,559$20.7M0.01%−8,197−3.4%Reduced
Mackenzie Financial Corp234,029$20.9M0.03%+50,692+27.6%Added
Victory Capital Management Inc241,524$21.6M0.01%−4,663−1.9%Reduced
Verition Fund Management LLC246,150$22.0M0.13%+64,259+35.3%Added
HighTower Advisors, LLC252,265$22.6M0.03%+23,590+10.3%Added
Capitolis Liquid Global Markets LLC254,152$22.7M0.17%+145,152+133.2%Added
State of Wisconsin Investment Board254,653$22.8M0.06%−15,913−5.9%Reduced
Storebrand Asset Management AS263,274$23.5M0.07%−4,591−1.7%Reduced
Assenagon Asset Management S.A.271,515$24.3M0.04%+170,604+169.1%Added
United Capital Financial Advisers, LLC275,090$24.6M0.20%−7,671−2.7%Reduced
Bank of Nova Scotia281,297$25.2M0.05%−28,120−9.1%Reduced
Foster Victor Wealth Advisors, LLC283,172$25.4M1.72%+3,357+1.2%Added
Danske Bank A/S285,700$25.5M0.06%+16,761+6.2%Added
Macquarie Group Ltd287,211$25.7M0.03%+726+0.3%Added
McRae Capital Management Inc288,161$25.8M5.28%−3,140−1.1%Reduced
Pictet Asset Management Holding SA294,321$26.3M0.03%−32,662−10.0%Reduced
Toronto Dominion Bank296,768$26.5M0.06%+134,063+82.4%Added
Korea Investment CORP299,334$26.8M0.06%−20,034−6.3%Reduced
Standard Life Aberdeen plc309,845$27.6M0.05%+11,031+3.7%Added
Commerce Bank312,061$27.9M0.16%−4,602−1.5%Reduced
Frontier Capital Management Co LLC313,276$28.0M0.26%+72,611+30.2%Added
Holocene Advisors, LP319,308$28.6M0.07%+319,308New
New York State Teachers Retirement System320,906$28.7M0.06%+300.0%Added
SEI Investments Co321,138$28.7M0.03%+9,897+3.2%Added
Aviva PLC321,481$28.7M0.06%−271,858−45.8%Reduced
CI Private Wealth, LLC322,734$28.9M0.04%−6,334−1.9%Reduced
BNP PARIBAS ASSET MANAGEMENT Holding S.A.327,999$29.3M0.07%−5,937−1.8%Reduced
Dearborn Partners LLC329,573$29.5M1.40%+706+0.2%Added
Campbell Newman Asset Management Inc334,274$29.9M2.38%+93,455+38.8%Added
Pathstone Holdings, LLC338,228$30.2M0.12%−22,327−6.2%Reduced
Schonfeld Strategic Advisors LLC341,105$30.5M0.23%+231,973+212.6%Added
BNP Paribas Arbitrage, SA342,737$30.6M0.02%−746,306−68.5%Reduced
Russell Investments Group, Ltd.350,565$31.3M0.04%+73,704+26.6%Added
Susquehanna International Group, LLP353,428$31.6M0.05%+269,923+323.2%Added
Zurich Insurance Group Ltd363,960$32.5M0.25%+363,960New
Gillson Capital LP377,823$33.8M2.58%+377,823New
STRS Ohio379,503$33.9M0.13%+33,503+9.7%Added
Braun Stacey Associates Inc382,314$34.2M1.24%−5,096−1.3%Reduced
Stifel Financial Corp389,512$34.8M0.03%+27,151+7.5%Added