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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, 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
Dundas Partners LLP500,759$44.8M3.11%00.0%Unchanged
Seven Grand Managers, LLC500,000$44.7M5.36%00.0%Unchanged
Burkehill Global Management, LP500,000$44.7M3.30%+500,000New
Benjamin Edwards Inc478,957$42.8M0.55%+7,540+1.6%Added
Weiss Asset Management LP462,554$41.4M0.65%+462,554New
National Bank of Canada462,103$41.3M0.04%+140,821+43.8%Added
Thrivent Financial for Lutherans446,611$39.9M0.09%−273,007−37.9%Reduced
Alliancebernstein L.P.442,866$39.6M0.01%−8,018−1.8%Reduced
NorthCrest Asset Manangement, LLC434,356$39.1M1.05%−77,370−15.1%Reduced
Nordea Investment Management AB437,226$38.9M0.04%+7,629+1.8%Added
Freestone Grove Partners LP425,173$38.0M0.29%+288,757+211.7%Added
New York State Common Retirement Fund418,826$37.5M0.05%+27,952+7.2%Added
Evelyn Partners Investment Management LLP416,447$37.2M1.14%+37,237+9.8%Added
Citigroup Inc411,755$36.8M0.03%−55,913−12.0%Reduced
Bank of Montreal408,678$36.5M0.02%−43,152−9.6%Reduced
Zurcher Kantonalbank (Zurich Cantonalbank)405,049$36.2M0.09%+22,715+5.9%Added
Public Employees Retirement Association of Colorado400,087$35.8M0.14%+5,461+1.4%Added
Raiffeisen Bank International AG405,221$35.7M0.53%+223,621+123.1%Added
Vaughan Nelson Investment Management, L.P.395,634$35.4M0.33%−8,374−2.1%Reduced
Canada Pension Plan Investment Board393,255$35.2M0.03%+186,801+90.5%Added
Truist Financial Corp391,129$35.0M0.05%−34,268−8.1%Reduced
State Board of Administration of Florida Retirement System390,362$34.9M0.06%+4,640+1.2%Added
Stifel Financial Corp389,512$34.8M0.03%+27,151+7.5%Added
Braun Stacey Associates Inc382,314$34.2M1.24%−5,096−1.3%Reduced
STRS Ohio379,503$33.9M0.13%+33,503+9.7%Added
Gillson Capital LP377,823$33.8M2.58%+377,823New
Zurich Insurance Group Ltd363,960$32.5M0.25%+363,960New
Susquehanna International Group, LLP353,428$31.6M0.05%+269,923+323.2%Added
Russell Investments Group, Ltd.350,565$31.3M0.04%+73,704+26.6%Added
BNP Paribas Arbitrage, SA342,737$30.6M0.02%−746,306−68.5%Reduced
Schonfeld Strategic Advisors LLC341,105$30.5M0.23%+231,973+212.6%Added
Pathstone Holdings, LLC338,228$30.2M0.12%−22,327−6.2%Reduced
Campbell Newman Asset Management Inc334,274$29.9M2.38%+93,455+38.8%Added
Dearborn Partners LLC329,573$29.5M1.40%+706+0.2%Added
BNP PARIBAS ASSET MANAGEMENT Holding S.A.327,999$29.3M0.07%−5,937−1.8%Reduced
CI Private Wealth, LLC322,734$28.9M0.04%−6,334−1.9%Reduced
Aviva PLC321,481$28.7M0.06%−271,858−45.8%Reduced
SEI Investments Co321,138$28.7M0.03%+9,897+3.2%Added
New York State Teachers Retirement System320,906$28.7M0.06%+300.0%Added
Holocene Advisors, LP319,308$28.6M0.07%+319,308New
Frontier Capital Management Co LLC313,276$28.0M0.26%+72,611+30.2%Added
Commerce Bank312,061$27.9M0.16%−4,602−1.5%Reduced
Standard Life Aberdeen plc309,845$27.6M0.05%+11,031+3.7%Added
Korea Investment CORP299,334$26.8M0.06%−20,034−6.3%Reduced
Toronto Dominion Bank296,768$26.5M0.06%+134,063+82.4%Added
Pictet Asset Management Holding SA294,321$26.3M0.03%−32,662−10.0%Reduced
McRae Capital Management Inc288,161$25.8M5.28%−3,140−1.1%Reduced
Macquarie Group Ltd287,211$25.7M0.03%+726+0.3%Added
Danske Bank A/S285,700$25.5M0.06%+16,761+6.2%Added
Foster Victor Wealth Advisors, LLC283,172$25.4M1.72%+3,357+1.2%Added
Bank of Nova Scotia281,297$25.2M0.05%−28,120−9.1%Reduced
United Capital Financial Advisers, LLC275,090$24.6M0.20%−7,671−2.7%Reduced
Assenagon Asset Management S.A.271,515$24.3M0.04%+170,604+169.1%Added
Storebrand Asset Management AS263,274$23.5M0.07%−4,591−1.7%Reduced
State of Wisconsin Investment Board254,653$22.8M0.06%−15,913−5.9%Reduced
Capitolis Liquid Global Markets LLC254,152$22.7M0.17%+145,152+133.2%Added
HighTower Advisors, LLC252,265$22.6M0.03%+23,590+10.3%Added
Verition Fund Management LLC246,150$22.0M0.13%+64,259+35.3%Added
Victory Capital Management Inc241,524$21.6M0.01%−4,663−1.9%Reduced
Mackenzie Financial Corp234,029$20.9M0.03%+50,692+27.6%Added
The PNC Financial Services Group, Inc.231,559$20.7M0.01%−8,197−3.4%Reduced
Voya Investment Management LLC229,720$20.5M0.02%+7,112+3.2%Added
KLP Kapitalforvaltning AS229,084$20.5M0.09%+2,700+1.2%Added
Teacher Retirement System of Texas225,911$20.2M0.08%+48,719+27.5%Added
Ensign Peak Advisors, Inc210,996$18.9M0.03%+3,818+1.8%Added
Mitsubishi UFJ Trust & Banking Corp201,684$18.0M0.04%+14,330+7.6%Added
APG Asset Management N.V.232,700$17.7M0.05%+6,700+3.0%Added
Asset Management One Co.,Ltd.195,256$17.5M0.05%+12,405+6.8%Added
Pinebridge Investments, L.P.195,159$17.5M0.14%+133,898+218.6%Added
Treasurer of the State of North Carolina192,645$17.2M0.06%+4,140+2.2%Added
Royal London Asset Management Ltd190,022$17.0M0.04%−3,029−1.6%Reduced
Allianz Asset Management GmbH188,129$16.8M0.02%−76,101−28.8%Reduced
Kames Capital plc186,642$16.7M0.21%−513−0.3%Reduced
Gotham Asset Management, LLC185,434$16.6M0.10%+72,252+63.8%Added
Lighthouse Investment Partners, LLC180,338$16.1M0.70%+67,339+59.6%Added
Brevan Howard Capital Management LP172,058$15.4M0.17%+172,058New
Baird Financial Group, Inc.170,095$15.2M0.03%+2,233+1.3%Added
Nomura Asset Management Co Ltd163,135$14.6M0.04%+28,818+21.5%Added
Mn Services Vermogensbeheer B.V.161,300$14.4M0.10%+36,000+28.7%Added
First Fiduciary Investment Counsel, Inc.160,992$14.4M2.85%−252−0.2%Reduced
Cary Street Partners Financial LLC160,547$14.4M0.40%−2,410−1.5%Reduced
Cumberland Partners Ltd160,530$14.4M1.00%−442−0.3%Reduced
Comerica Bank159,328$14.2M0.06%+76,229+91.7%Added
GHP Investment Advisors, Inc.159,143$14.2M0.63%+10,120+6.8%Added
Raub Brock Capital Management LP158,068$14.1M3.08%+158,068New
TD Asset Management Inc149,226$13.3M0.01%−1,971−1.3%Reduced
Glenmede Investment Management, LP148,588$13.3M0.07%+148,588New
Capital World Investors147,836$13.2M0.00%−6,628,258−97.8%Reduced
Resona Asset Management Co.,Ltd.147,692$13.2M0.06%+8,860+6.4%Added
Teachers Retirement System of the State of Kentucky142,265$12.7M0.10%+11,425+8.7%Added
Varma Mutual Pension Insurance Co141,776$12.7M0.09%+12,700+9.8%Added
Daiwa Securities Group Inc.139,259$12.5M0.05%+5,575+4.2%Added
Healthcare of Ontario Pension Plan Trust Fund138,990$12.4M0.02%+134,056+2,717.0%Added
AMJ Financial Wealth Management137,805$12.3M3.12%−1,788−1.3%Reduced
Rafferty Asset Management, LLC137,441$12.3M0.04%+1,774+1.3%Added
Aperture Investors, LLC136,978$12.2M1.65%+18,559+15.7%Added
CIBC Asset Management Inc135,866$12.1M0.04%+17,753+15.0%Added
State of New Jersey Common Pension Fund D135,227$12.1M0.05%00.0%Unchanged
Lansforsakringar Fondforvaltning AB (publ)134,716$12.0M0.07%−6,598−4.7%Reduced
Cullen/Frost Bankers, Inc.132,777$11.9M0.15%−1,114−0.8%Reduced