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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, Q3 2025

Institutional positions in Nasdaq, Inc. as of Sep 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
1,047
+39 vs. Q2 2025
Shares held
475.0M
+1.63M (+0.3%) vs. Q2 2025
Total value
$42.0B
−$319.0M (−0.8%) vs. Q2 2025
New holders
127
430 more added
Sold out
88
317 more reduced

14 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 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 holdersQ3 2025: 1,047 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 heldQ3 2025: $42.0B
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, Q3 2025

Shares, value and share of portfolio for each institution holding Nasdaq, Inc.; share changes are against Q2 2025.

Institutions holding NDAQ in Q3 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Vanguard Group Inc59,648,406$5.28B0.08%+3,848,406+6.9%Added
Investor AB58,182,426$5.15B99.56%00.0%Unchanged
BlackRock, Inc.40,165,064$3.55B0.06%+3,083,656+8.3%Added
Wellington Management Group LLP39,802,892$3.52B0.62%−1,434,233−3.5%Reduced
Massachusetts Financial Services Co26,368,803$2.33B0.72%−905,817−3.3%Reduced
State Street Corp19,619,192$1.74B0.06%+1,404,348+7.7%Added
Geode Capital Management, LLC12,473,317$1.10B0.07%+1,016,618+8.9%Added
Franklin Resources Inc10,582,893$936.1M0.23%−157,014−1.5%Reduced
Bank of America Corp6,931,446$613.1M0.05%−141,522−2.0%Reduced
Harris Associates L PSuperinvestorHarris Associates (Oakmark)5,905,409$522.3M0.84%−1,866,321−24.0%Reduced
Goldman Sachs Group Inc5,793,573$512.4M0.07%+124,038+2.2%Added
Morgan Stanley5,698,719$504.1M0.03%+297,993+5.5%Added
Ameriprise Financial Inc5,660,331$500.3M0.12%−238,421−4.0%Reduced
Manufacturers Life Insurance Company, The5,068,276$448.3M0.37%−1,038,781−17.0%Reduced
Invesco Ltd.5,044,521$446.2M0.07%+532,775+11.8%Added
Northern Trust Corp4,198,608$371.4M0.05%+116,542+2.9%Added
UBS Group AG4,168,782$368.7M0.07%−207,792−4.7%Reduced
Farallon Capital Management, L.L.C.3,623,043$320.5M1.81%−460,700−11.3%Reduced
UBS Asset Management Americas Inc3,529,220$312.2M0.07%−1,059,019−23.1%Reduced
Nuveen, LLC3,336,949$295.2M0.08%+155,482+4.9%Added
Select Equity Group, L.P.2,970,652$262.8M1.12%+1,737,608+140.9%Added
Amundi2,939,790$259.2M0.08%−595,899−16.9%Reduced
Bessemer Group Inc2,927,331$258.9M0.40%−306,083−9.5%Reduced
Legal & General Group Plc2,809,452$248.5M0.06%+85,761+3.1%Added
Mariner, LLC2,804,678$248.1M0.32%+138,633+5.2%Added
Neuberger Berman Group LLC2,734,130$241.8M0.18%+43,944+1.6%Added
Charles Schwab Investment Management Inc2,688,020$237.8M0.04%+225,862+9.2%Added
Bank of New York Mellon Corp2,674,927$236.6M0.04%+44,170+1.7%Added
Envestnet Asset Management Inc2,663,780$235.6M0.07%−25,416−0.9%Reduced
Dimensional Fund Advisors LP2,597,025$229.7M0.05%−52,048−2.0%Reduced
American Century Companies Inc2,552,783$225.8M0.11%+61,230+2.5%Added
Barclays PLC2,444,039$216.2M0.08%+922,125+60.6%Added
Principal Financial Group Inc2,338,821$206.9M0.10%−21,641−0.9%Reduced
Bank Julius Baer & Co. Ltd, Zurich2,188,186$193.5M0.55%−387,595−15.0%Reduced
D. E. Shaw & Co., Inc.2,180,228$192.8M0.16%+1,176,550+117.2%Added
Qube Research & Technologies Ltd2,159,556$191.0M0.27%+1,215,780+128.8%Added
Citadel Advisors LLC2,085,091$184.4M0.15%+107,240+5.4%Added
AQR Capital Management LLC2,041,790$180.6M0.12%+1,021,020+100.0%Added
Two Sigma Investments, LP1,993,853$176.4M0.27%+209,245+11.7%Added
FMR LLC1,856,632$164.2M0.01%−68,991−3.6%Reduced
Prudential Financial Inc1,750,683$154.8M0.18%+384,992+28.2%Added
Lord, Abbett & Co. LLC1,684,117$149.0M0.44%−117,087−6.5%Reduced
Man Group plc1,669,063$147.6M0.29%+791,766+90.3%Added
Great West Life Assurance Co1,643,067$145.7M0.21%−10,443−0.6%Reduced
Two Sigma Advisers, LP1,630,100$144.2M0.29%−182,400−10.1%Reduced
Johnson Investment Counsel Inc1,577,127$139.5M1.17%−291,008−15.6%Reduced
JPMorgan Chase & Co1,568,185$138.7M0.01%+288,986+22.6%Added
Liontrust Investment Partners LLP1,551,725$137.3M2.01%−76,025−4.7%Reduced
Deutsche Bank AG1,424,059$126.0M0.04%−601,754−29.7%Reduced
HSBC Holdings PLC1,271,958$112.3M0.07%+197,333+18.4%Added
Lazard Asset Management LLC1,262,808$111.7M0.15%+448,606+55.1%Added
Robeco Institutional Asset Management B.V.1,245,871$110.2M0.16%+469,904+60.6%Added
Prana Capital Management, LP1,237,683$109.5M3.65%+533,184+75.7%Added
Raymond James Financial Inc1,232,276$109.0M0.04%−51,929−4.0%Reduced
California Public Employees Retirement System1,229,567$108.8M0.07%−204,074−14.2%Reduced
Balyasny Asset Management LLC1,154,843$102.1M0.21%−486,280−29.6%Reduced
Jane Street Group, LLC1,153,685$102.0M0.12%−6,051,447−84.0%Reduced
Sumitomo Mitsui Trust Holdings, Inc.1,149,414$101.7M0.06%+13,121+1.2%Added
Flossbach Von Storch AG1,126,905$99.7M0.39%−46,085−3.9%Reduced
Chevy Chase Trust Holdings, Inc.1,100,667$97.4M0.27%+73,412+7.1%Added
Voloridge Investment Management, LLC1,066,238$94.3M0.32%+389,897+57.6%Added
Handelsbanken Fonder AB1,038,328$91.8M0.29%−62,579−5.7%Reduced
BNP Paribas Arbitrage, SA1,037,093$91.7M0.07%+694,356+202.6%Added
Union Bancaire Privee, UBP SA1,042,394$86.2M1.77%−338,478−24.5%Reduced
Rhumbline Advisers942,778$83.4M0.07%+625+0.1%Added
Wells Fargo & Company924,519$81.8M0.02%−27,634−2.9%Reduced
Diamond Hill Capital Management Inc898,678$79.5M0.38%−1,659,015−64.9%Reduced
Mitsubishi UFJ Kokusai Asset Management Co., Ltd.876,648$77.5M0.06%+75,994+9.5%Added
Manning & Napier Advisors LLC861,664$76.4M0.97%−52,466−5.7%Reduced
Bank of Montreal837,797$74.1M0.03%+429,119+105.0%Added
Healthcare of Ontario Pension Plan Trust Fund795,494$70.4M0.13%+656,504+472.3%Added
Renaissance Technologies LLC778,300$68.8M0.09%−358,380−31.5%Reduced
Stony Point Capital LLC717,221$63.4M4.44%+34,087+5.0%Added
Eventide Asset Management, LLC674,642$59.7M0.98%+129,741+23.8%Added
Natixis Advisors, L.P.669,586$59.2M0.09%−38,191−5.4%Reduced
First Trust Advisors LP666,369$58.9M0.04%+24,514+3.8%Added
Price T Rowe Associates Inc658,955$58.3M0.01%+62,808+10.5%Added
Munich Reinsurance Co Stock Corp in Munich650,366$57.5M1.44%+650,366New
Royal Bank of Canada642,649$56.8M0.01%−12,515−1.9%Reduced
California State Teachers Retirement System631,875$55.9M0.06%+23,501+3.9%Added
Universal- Beteiligungs- und Servicegesellschaft mbH619,717$54.8M0.09%+13,947+2.3%Added
Blair William & Co616,622$54.5M0.15%+34,524+5.9%Added
STRS Ohio607,361$53.7M0.20%+227,858+60.0%Added
National Pension Service605,551$53.6M0.04%+19,078+3.3%Added
FIL Ltd600,642$53.1M0.04%−8,510−1.4%Reduced
Adage Capital Partners GP, L.L.C.589,347$52.1M0.08%+10,707+1.9%Added
Shapiro Capital Management LLC573,785$50.8M2.20%−197,165−25.6%Reduced
Canada Pension Plan Investment Board568,461$50.3M0.04%+175,206+44.6%Added
Close Asset Management Ltd565,864$50.0M1.11%−45,806−7.5%Reduced
LPL Financial LLC556,166$49.2M0.01%+42,405+8.3%Added
Walleye Capital LLC555,391$49.1M0.40%−62,772−10.2%Reduced
Rockefeller Capital Management L.P.547,489$48.4M0.09%+370.0%Added
Artisan Partners Limited Partnership546,057$48.3M0.07%−57,322−9.5%Reduced
La Banque Postale Asset Management SA537,464$47.5M0.58%+22,606+4.4%Added
Dundas Partners LLP530,283$46.9M3.31%+29,524+5.9%Added
Burkehill Global Management, LP500,000$44.2M2.51%00.0%Unchanged
Seven Grand Managers, LLC500,000$44.2M3.59%00.0%Unchanged
Trexquant Investment LP499,151$44.1M0.46%+381,922+325.8%Added
Cubist Systematic Strategies, LLC497,093$44.0M0.62%+371,608+296.1%Added
Benjamin Edwards Inc484,951$42.9M0.48%+5,994+1.3%Added