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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
Clean Yield Group146$12.9K0.00%00.0%Unchanged
Private Wealth Management Group, LLC147$13.0K0.00%00.0%Unchanged
WPG Advisers, LLC148$13.1K0.01%+43+41.0%Added
Adirondack Trust Co150$13.3K0.00%00.0%Unchanged
Pathway Financial Advisers, LLC151$13.3K0.00%+151New
Versant Capital Management, Inc152$13.4K0.00%00.0%Unchanged
WealthCollab, LLC155$13.7K0.01%+155New
Archer Investment Corp156$13.8K0.00%00.0%Unchanged
Concord Wealth Partners162$14.4K0.00%00.0%Unchanged
Bank of Jackson Hole Trust180$15.9K0.01%00.0%Unchanged
Silicon Valley Capital Partners189$16.7K0.00%00.0%Unchanged
Bogart Wealth, LLC190$16.8K0.00%+6+3.3%Added
GW&K Investment Management, LLC189$17.0K0.00%00.0%Unchanged
Farmers & Merchants Investments Inc210$18.6K0.00%00.0%Unchanged
Rossby Financial, LCC225$19.6K0.01%+57+33.9%Added
JPL Wealth Management, LLC225$19.9K0.00%+225New
Westfuller Advisors, LLC226$20.0K0.01%+226New
Kerr Financial Planning Corp256$22.2K0.03%+256New
Fortitude Family Office, LLC251$22.2K0.01%+5+2.0%Added
Raleigh Capital Management Inc.259$22.9K0.01%+22+9.3%Added
Reyes Financial Architecture, Inc.264$23.4K0.02%+64+32.0%Added
Rise Advisors, LLC266$23.5K0.01%+6+2.3%Added
Wealthspire Advisors, LLC275$24.3K0.00%+275New
AllSquare Wealth Management LLC276$24.4K0.01%00.0%Unchanged
Front Row Advisors LLC282$24.9K0.01%00.0%Unchanged
MV Capital Management, Inc.283$25.0K0.00%00.0%Unchanged
Bruce G. Allen Investments, LLC285$25.2K0.02%00.0%Unchanged
MCF Advisors LLC300$26.5K0.00%00.0%Unchanged
Tripletail Wealth Management, LLC300$26.6K0.03%+300New
Access Investment Management LLC309$27.3K0.01%00.0%Unchanged
Creative Financial Designs Inc310$27.4K0.00%+160+106.7%Added
Westside Investment Management, Inc.318$27.6K0.00%+159+100.0%Added
Raffa Wealth Management, LLC314$27.8K0.00%+8+2.6%Added
West Branch Capital LLC323$28.6K0.01%+323New
Salomon & Ludwin, LLC344$30.1K0.00%+344New
Highline Wealth Partners LLC343$30.3K0.01%00.0%Unchanged
Bartlett & Co. Wealth Management LLC345$30.5K0.00%00.0%Unchanged
Deseret Mutual Benefit Administrators349$30.9K0.01%00.0%Unchanged
Hemington Wealth Management356$31.0K0.00%+60+20.3%Added
Grove Bank & Trust351$31.0K0.00%00.0%Unchanged
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main362$32.0K0.00%+334+1,192.9%Added
AdvisorNet Financial, Inc370$32.7K0.00%−36−8.9%Reduced
CVA Family Office, LLC379$33.5K0.00%+11+3.0%Added
Hollencrest Capital Management381$33.7K0.00%00.0%Unchanged
Evelyn Partners Asset Management Ltd387$34.2K0.01%00.0%Unchanged
First Command Advisory Services, Inc.390$34.5K0.00%00.0%Unchanged
UMA Financial Services, Inc.406$35.9K0.01%+18+4.6%Added
Capital Advisors, Ltd. LLC407$36.0K0.00%00.0%Unchanged
Salem Investment Counselors Inc411$36.4K0.00%−15−3.5%Reduced
Annis Gardner Whiting Capital Advisors, LLC427$37.8K0.01%+18+4.4%Added
Hilltop National Bank436$38.6K0.01%−780−64.1%Reduced
Independence Bank of Kentucky450$39.8K0.01%00.0%Unchanged
Twin Lakes Capital Management, LLC450$39.8K0.02%00.0%Unchanged
Towarzystwo Funduszy Inwestycyjnych Pzu SA450$39.8K0.01%00.0%Unchanged
Central Pacific Bank - Trust Division474$41.9K0.01%00.0%Unchanged
New Millennium Group LLC502$44.4K0.02%00.0%Unchanged
Bellevue Asset Management, LLC504$44.6K0.02%00.0%Unchanged
United Community Bank506$44.8K0.01%00.0%Unchanged
Community Bank, N.A.509$45.0K0.01%+509New
Murphy & Mullick Capital Management Corp551$48.7K0.04%00.0%Unchanged
Quest Partners LLC569$50.3K0.00%−25,341−97.8%Reduced
REAP Financial Group, LLC579$51.2K0.01%+307+112.9%Added
Ameritas Advisory Services, LLC589$52.1K0.00%−211−26.4%Reduced
LRI Investments, LLC597$52.8K0.00%−128−17.7%Reduced
Wiser Advisor Group LLC650$57.5K0.07%+650New
Steigerwald, Gordon & Koch Inc.675$59.7K0.01%+675New
Caldwell Trust Co687$60.8K0.01%00.0%Unchanged
Root Financial Partners, LLC694$61.4K0.00%+694New
Private Wealth Asset Management, LLC710$62.8K0.01%00.0%Unchanged
Whittier Trust Co of Nevada Inc720$63.1K0.00%00.0%Unchanged
CoreCap Advisors, LLC738$65.3K0.00%+83+12.7%Added
True Wealth Design, LLC764$67.6K0.02%+168+28.2%Added
Clear Street Markets LLC783$69.3K0.02%+505+181.7%Added
Catalyst Capital Advisors LLC869$76.9K0.00%+416+91.8%Added
Whittier Trust Co900$78.8K0.00%00.0%Unchanged
TruNorth Capital Management, LLC900$79.6K0.02%00.0%Unchanged
Atlantic Union Bankshares Corp904$80.0K0.00%+904New
Golden State Wealth Management, LLC909$80.4K0.01%00.0%Unchanged
Onefund, LLC917$81.1K0.05%+33+3.7%Added
Osterweis Capital Management Inc1,000$88.5K0.00%00.0%Unchanged
J.Safra Asset Management Corp1,062$93.9K0.01%−838−44.1%Reduced
Aster Capital Management (DIFC) Ltd1,065$94.2K0.05%+1,065New
Cromwell Holdings LLC1,068$94.5K0.05%00.0%Unchanged
TD Private Client Wealth LLC1,080$95.5K0.00%+35+3.3%Added
Avalon Trust Co1,100$97.3K0.01%+1,100New
Zions Bancorporation, National Association1,101$97.4K0.00%+500+83.2%Added
Compagnie Lombard Odier SCmA1,108$98.0K0.00%+1,108New
Financial Network Wealth Advisors LLC1,131$100.1K0.11%+89+8.5%Added
TCTC Holdings, LLC1,134$100.3K0.00%00.0%Unchanged
Bayforest Capital Ltd1,134$100.3K0.05%+717+171.9%Added
Sentry Investment Management LLC1,121$101.0K0.07%−196−14.9%Reduced
Ronald Blue Trust, Inc.1,177$104.1K0.00%00.0%Unchanged
Missouri Trust & Investment Co1,330$117.6K0.03%−200−13.1%Reduced
Covestor Ltd1,347$119.0K0.07%+638+90.0%Added
Lavaca Capital LLC1,400$123.8K0.02%00.0%Unchanged
NBC Securities, Inc.1,418$125.4K0.01%−21−1.5%Reduced
Peoples Financial Services Corp.1,479$130.8K0.06%+1,479New
Global Retirement Partners, LLC1,479$130.9K0.00%+275+22.8%Added
Trust Co of Toledo NA1,525$134.9K0.01%00.0%Unchanged
Umb Bank N A1,547$136.8K0.00%+78+5.3%Added