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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
SFMG, LLC3,228$285.5K0.02%+17+0.5%Added
Strategic Investment Advisors3,229$285.6K0.03%−238−6.9%Reduced
Rothschild Investment LLC3,240$286.6K0.02%+2,329+255.7%Added
Parkside Financial Bank & Trust3,241$286.7K0.02%+1,751+117.5%Added
Atomi Financial Group, Inc.3,242$286.7K0.01%+3,242New
Mount Yale Investment Advisors, LLC3,243$286.8K0.02%−3,935−54.8%Reduced
Ledyard National Bank3,279$290.0K0.03%00.0%Unchanged
Investors Research Corp3,300$291.9K0.05%−92−2.7%Reduced
Quarry LP3,309$292.7K0.07%+2,548+334.8%Added
Western Wealth Management, LLC3,333$294.8K0.02%+3,333New
CX Institutional3,336$295.0K0.01%−13−0.4%Reduced
Allworth Financial LP3,339$295.4K0.00%+1,298+63.6%Added
Aptus Capital Advisors, LLC3,359$297.1K0.00%+804+31.5%Added
Dakota Wealth Management3,365$297.6K0.01%−722−17.7%Reduced
Harbour Investments, Inc.3,413$301.9K0.01%+19+0.6%Added
National Asset Management, Inc.3,414$302.0K0.01%−835−19.7%Reduced
MainStreet Investment Advisors LLC3,421$302.6K0.04%−150−4.2%Reduced
Steel Peak Wealth Management LLC3,438$304.1K0.01%−8−0.2%Reduced
Savvy Advisors, Inc.3,439$304.2K0.01%+3,439New
Erste Asset Management GmbH3,443$305.4K0.00%−62,552−94.8%Reduced
Brookwood Investment Group LLC3,462$306.2K0.04%+3,462New
MQS Management LLC3,476$307.5K0.18%+3,476New
Davy Global Fund Management Ltd3,489$308.6K0.02%00.0%Unchanged
Cross Staff Investments Inc3,500$309.6K0.22%00.0%Unchanged
Rakuten Investment Management, Inc.1,549$312.2K0.00%+1,549New
Brookstone Capital Management3,592$317.7K0.00%+8+0.2%Added
Wakefield Asset Management LLLP3,603$318.7K0.09%00.0%Unchanged
Dana Investment Advisors, Inc.3,616$319.8K0.01%−1,137−23.9%Reduced
Simplicity Wealth,LLC3,619$320.1K0.02%−2,591−41.7%Reduced
PFG Investments, LLC3,696$326.9K0.02%−49−1.3%Reduced
Kirtland Hills Capital Management, LLC3,723$329.3K0.13%+3,723New
Keynote Financial Services LLC3,775$333.9K0.20%−33−0.9%Reduced
Elm3 Financial Group, LLC3,820$337.9K0.28%−94−2.4%Reduced
Livforsakringsbolaget Skandia, Omsesidigt3,826$338.3K0.01%00.0%Unchanged
Edgestream Partners, L.P.3,875$342.7K0.01%−29,574−88.4%Reduced
Synovus Financial Corp3,929$347.5K0.00%−10−0.3%Reduced
Citizens Financial Group Inc3,930$347.6K0.00%+59+1.5%Added
1248 Management, LLC3,947$349.1K0.20%00.0%Unchanged
Spire Wealth Management3,977$351.7K0.01%+595+17.6%Added
Camden Capital, LLC4,021$355.7K0.02%+4,021New
PEAK6 LLC4,034$356.8K0.01%+4,034New
Cigna Investments Inc4,046$358.0K0.05%00.0%Unchanged
Pettee Investors, Inc.4,050$358.2K0.20%00.0%Unchanged
Cornerstone Wealth Group, LLC4,064$359.5K0.02%+21+0.5%Added
IFC Advisors LLC4,089$361.7K0.07%+18+0.4%Added
Donaldson Capital Management, LLC4,118$364.2K0.01%00.0%Unchanged
First National Trust Co4,168$368.7K0.01%00.0%Unchanged
Evoke Wealth, LLC4,189$370.5K0.01%+305+7.9%Added
Tower Research Capital LLC (TRC)4,193$370.9K0.01%−9,451−69.3%Reduced
McGuire Investment Group, LLC4,200$371.5K0.04%00.0%Unchanged
Navellier & Associates Inc4,219$373.2K0.04%+13+0.3%Added
Commerzbank Aktiengesellschaft4,251$377.0K0.01%+187+4.6%Added
We Are One Seven, LLC4,279$378.4K0.01%+281+7.0%Added
Principal Securities, Inc.4,282$378.7K0.01%+714+20.0%Added
Ellevest, Inc.4,343$384.1K0.05%−281−6.1%Reduced
Fidelis Capital Partners, LLC4,355$385.2K0.03%+12+0.3%Added
Mather Group, LLC.4,380$387.4K0.00%+139+3.3%Added
OneAscent Wealth Management LLC4,387$388.0K0.13%+534+13.9%Added
SBI Securities Co., Ltd.4,397$388.9K0.01%−154−3.4%Reduced
Evergreen Capital Management LLC4,404$389.5K0.01%−164−3.6%Reduced
Level Four Advisory Services, LLC4,422$391.2K0.01%−101−2.2%Reduced
Fielder Capital Group LLC4,434$392.2K0.09%+181+4.3%Added
Gamco Investors, Inc. Et Al4,446$393.2K0.00%−235−5.0%Reduced
Independent Advisor Alliance4,457$394.2K0.01%+88+2.0%Added
Retirement Planning Co of New England, Inc.4,460$394.5K0.16%+10+0.2%Added
Private Trust Co NA4,472$395.5K0.03%−1,184−20.9%Reduced
Advisors Asset Management, Inc.4,479$396.2K0.01%+1,301+40.9%Added
Atom Investors LP4,497$397.8K0.03%−6,638−59.6%Reduced
Clearstead Advisors, LLC4,516$399.4K0.01%+415+10.1%Added
Sagespring Wealth Partners, LLC4,517$399.5K0.01%−282−5.9%Reduced
Wedbush Securities Inc4,549$402.0K0.01%−507−10.0%Reduced
Qtron Investments LLC4,550$402.4K0.05%+4,550New
DRW Securities, LLC4,599$403.2K0.02%+4,599New
Pine Valley Investments Ltd Liability Co4,618$408.4K0.02%+1,164+33.7%Added
LWM Advisory Services, LLC4,676$413.6K0.24%00.0%Unchanged
Diversified Trust Co4,677$413.7K0.01%+657+16.3%Added
Trust Asset Management LLC4,697$415.4K0.03%00.0%Unchanged
PharVision Advisers, LLC4,712$416.8K0.23%+2,406+104.3%Added
Parallel Advisors, LLC4,715$417.0K0.01%+188+4.2%Added
Vise Technologies, Inc.4,755$420.5K0.02%−449−8.6%Reduced
Wedmont Private Capital4,761$421.1K0.02%+344+7.8%Added
Rosenberg Matthew Hamilton4,785$423.2K0.09%−103−2.1%Reduced
Harvest Investment Services, LLC4,785$423.2K0.09%+4,785New
Optimize Financial Inc4,822$426.5K0.22%+4,822New
Perigon Wealth Management, LLC4,845$428.5K0.01%+2,421+99.9%Added
Colonial Trust Co4,867$430.5K0.06%+9+0.2%Added
Mayflower Financial Advisors, LLC4,869$430.7K0.05%−158−3.1%Reduced
Cresset Asset Management, LLC4,870$430.7K0.00%+374+8.3%Added
Brown Brothers Harriman & Co4,876$431.3K0.00%+332+7.3%Added
Boyar Asset Management Inc.4,896$433.1K0.27%00.0%Unchanged
Cary Street Partner Investment Advisory LLC4,913$434.6K0.18%−22−0.4%Reduced
Pitcairn Co4,943$437.2K0.03%−1,187−19.4%Reduced
Welch Group, LLC4,951$437.9K0.02%00.0%Unchanged
Advisors Capital Management, LLC4,988$441.2K0.01%+1,020+25.7%Added
Scotia Capital Inc.5,034$445.3K0.00%+1,255+33.2%Added
Ridgewood Investments LLC5,049$446.6K0.19%−28−0.6%Reduced
Lebenthal Global Advisors, LLC5,075$448.9K0.08%+1,957+62.8%Added
Quotient Wealth Partners, LLC5,145$455.0K0.01%+42+0.8%Added
Malaga Cove Capital, LLC5,173$457.6K0.17%−87−1.7%Reduced
Meeder Advisory Services, Inc.5,173$457.6K0.02%−369−6.7%Reduced