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Livermore
Livermore
ZHEN

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
Caitong International Asset Management Co., Ltd2$1770.00%−1,539−99.9%Reduced
E Fund Management (Hong Kong) Co., Ltd.3$2650.00%+3New
IMA Wealth, Inc.4$3540.00%00.0%Unchanged
Turning Point Benefit Group, Inc.5$4340.00%+5New
GPS Wealth Strategies Group, LLC5$4420.00%00.0%Unchanged
Hurley Capital, LLC5$4420.00%+5New
Quest 10 Wealth Builders, Inc.5$4860.00%00.0%Unchanged
Cedar Mountain Advisors, LLC6$5310.00%+6New
Seneschal Advisors, LLC6$5310.00%+6New
Atlantic Trust, LLC9$7970.00%00.0%Unchanged
Prestige Wealth Management Group LLC9$7970.00%00.0%Unchanged
Valued Wealth Advisors LLC9$7970.00%00.0%Unchanged
Winnow Wealth LLC9$8010.00%+9New
WestEnd Advisors, LLC10$8850.00%+1+11.1%Added
Strengthening Families & Communities, LLC11$1.01K0.00%+11New
Texas Capital Bancshares Inc12$1.06K0.00%+12New
Signature Resources Capital Management, LLC14$1.24K0.00%00.0%Unchanged
HFM Investment Advisors, LLC14$1.24K0.00%+2+16.7%Added
Beaird Harris Wealth Management, LLC14$1.24K0.00%+14New
Aspect Partners, LLC17$1.50K0.00%+17New
Quaker Wealth Management, LLC18$1.59K0.00%00.0%Unchanged
American Capital Advisory, LLC18$1.59K0.00%00.0%Unchanged
Motco19$1.68K0.00%00.0%Unchanged
SJS Investment Consulting Inc.19$1.68K0.00%00.0%Unchanged
ZRC Wealth Management, LLC19$1.68K0.00%+19New
Rialto Wealth Management, LLC22$1.95K0.00%+3+15.8%Added
NVWM, LLC23$2.03K0.00%00.0%Unchanged
TFC Financial Management23$2.04K0.00%00.0%Unchanged
Clark Wealth Partners21$2.04K0.00%00.0%Unchanged
MPWM Advisory Solutions, LLC25$2.21K0.00%00.0%Unchanged
Dogwood Wealth Management LLC26$2.30K0.00%+2+8.3%Added
Kayne Anderson Rudnick Investment Management LLC28$2.48K0.00%00.0%Unchanged
Sachetta, LLC28$2.48K0.00%00.0%Unchanged
Advanced Portfolio Management, LLC28$2.48K0.01%+28New
Dunhill Financial, LLC29$2.54K0.00%+1+3.6%Added
Bay Harbor Wealth Management, LLC30$2.65K0.00%+8+36.4%Added
Jackson, Grant Investment Advisers, Inc.30$2.65K0.00%00.0%Unchanged
Principia Wealth Advisory, LLC32$2.83K0.00%+3+10.3%Added
Crews Bank & Trust36$3.18K0.00%00.0%Unchanged
DAGCO, Inc.38$3.36K0.00%00.0%Unchanged
Financial Consulate, Inc38$3.36K0.00%+38New
Painted Porch Advisors LLC41$3.63K0.00%00.0%Unchanged
Heartwood Wealth Advisors LLC41$3.63K0.00%+41New
Country Trust Bank42$3.71K0.00%00.0%Unchanged
Hughes Financial Services, LLC43$3.78K0.00%00.0%Unchanged
Cape Investment Advisory, Inc.46$4.07K0.00%+45+4,500.0%Added
Acima Private Wealth, LLC46$4.07K0.00%+46New
DiNuzzo Private Wealth, Inc.44$4.17K0.00%00.0%Unchanged
Mowery & Schoenfeld Wealth Management, LLC48$4.25K0.01%00.0%Unchanged
HM Payson & Co48$4.25K0.00%+30+166.7%Added
Geneos Wealth Management Inc.50$4.42K0.00%−573−92.0%Reduced
CBIZ Investment Advisory Services, LLC50$4.42K0.00%+40+400.0%Added
JNBA Financial Advisors51$4.51K0.00%+51New
S&T Bank52$4.60K0.00%00.0%Unchanged
Plato Investment Management Ltd54$4.74K0.00%+38+237.5%Added
Accent Capital Management, LLC54$4.78K0.00%+54New
Ogorek Anthony Joseph57$5.00K0.00%−59−50.9%Reduced
Cloud Capital Management, LLC60$5.00K0.00%+60New
BankPlus Trust Department60$5.31K0.00%00.0%Unchanged
ORG Partners LLC62$5.48K0.00%+52+520.0%Added
Bare Financial Services, Inc63$5.57K0.00%+9+16.7%Added
Imprint Wealth LLC64$5.66K0.02%+64New
Trifecta Capital Advisors, LLC66$5.84K0.00%00.0%Unchanged
Palisade Asset Management, LLC67$5.93K0.00%+67New
Key Financial Inc69$6.00K0.00%00.0%Unchanged
Hanson & Doremus Investment Management70$6.00K0.00%00.0%Unchanged
Indiana Trust & Investment Management CO69$6.10K0.00%00.0%Unchanged
Marquette Asset Management, LLC70$6.19K0.00%+70New
Vermillion & White Wealth Management Group, LLC72$6.37K0.00%+72New
Carolina Wealth Advisors, LLC74$6.54K0.00%00.0%Unchanged
Bell Investment Advisors, Inc81$7.17K0.00%+5+6.6%Added
High Note Wealth, LLC82$7.25K0.00%+82New
Phoenix Holdings Ltd.26,894$7.64K0.00%−373−1.4%Reduced
Kilter Group LLC88$7.78K0.00%+14+18.9%Added
Avion Wealth101$8.00K0.00%+12+13.5%Added
Red Tortoise LLC93$8.23K0.00%00.0%Unchanged
Alerus Financial NA94$8.31K0.00%−82−46.6%Reduced
Plante Moran Financial Advisors, LLC96$8.49K0.00%+96New
Howard Hughes Medical Institute97$8.58K0.01%+8+9.0%Added
Eastern Bank100$8.85K0.00%00.0%Unchanged
Y.D. More Investments Ltd430$8.93K0.00%−45−9.5%Reduced
Valley National Advisers Inc103$9.00K0.00%00.0%Unchanged
1 North Wealth Services LLC102$9.02K0.00%00.0%Unchanged
Strategic Wealth Partners, Ltd.102$9.02K0.00%00.0%Unchanged
Financial Freedom, LLC103$9.10K0.00%00.0%Unchanged
NFJ Investment Group, LLC103$9.11K0.00%00.0%Unchanged
Marshall & Sterling Wealth Advisors Inc.103$9.11K0.01%00.0%Unchanged
Activest Wealth Management106$9.38K0.00%+6+6.0%Added
Abound Wealth Management110$9.77K0.00%00.0%Unchanged
Catherine Avery Investment Management LLC112$9.91K0.01%00.0%Unchanged
Transamerica Financial Advisors, Inc.113$9.94K0.00%+113New
Cherry Tree Wealth Management, LLC114$10.1K0.00%00.0%Unchanged
MTM Investment Management, LLC122$10.8K0.00%00.0%Unchanged
Moisand Fitzgerald Tamayo, LLC126$11.1K0.00%00.0%Unchanged
Tortoise Investment Management, LLC127$11.3K0.00%+105+477.3%Added
Comprehensive Financial Planning, Inc.131$11.5K0.01%+1+0.8%Added
Rational Advisors LLC131$11.6K0.00%−13−9.0%Reduced
Curio Wealth, LLC135$11.9K0.00%00.0%Unchanged
Wealth Watch Advisors, INC142$12.6K0.01%+142New
Cornerstone Planning Group LLC147$12.6K0.00%+14+10.5%Added