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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, 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
Point72 Hong Kong Ltd9,860$872.1K0.04%+9,860New
Wolverine Trading, LLC9,856$874.3K0.02%+3,549+56.3%Added
GeoWealth Management, LLC9,940$879.2K0.03%−28−0.3%Reduced
Crestmont Private Wealth LLC10,170$899.5K0.30%+450+4.6%Added
Guinness Asset Management LTD10,228$907.3K0.01%+461+4.7%Added
First National Advisers, LLC10,331$913.8K0.12%−143−1.4%Reduced
Brighton Jones LLC10,331$913.8K0.02%+6,137+146.3%Added
Dorsey & Whitney Trust CO LLC10,364$916.7K0.05%−36−0.3%Reduced
Southeast Asset Advisors Inc.10,415$921.2K0.10%+10,415New
Fiduciary Trust Co10,432$922.7K0.01%+54+0.5%Added
Change Path, LLC10,521$930.6K0.02%+2,604+32.9%Added
Naples Global Advisors, LLC10,534$931.7K0.07%+1,804+20.7%Added
Aviso Financial Inc.10,605$938.0K0.04%+759+7.7%Added
USA Financial Portformulas Corp10,665$943.3K0.17%+10,665New
Bellwether Advisors, LLC10,824$957.4K0.16%+10,824New
Kentucky Retirement Systems Insurance Trust Fund10,853$959.9K0.06%−348−3.1%Reduced
Peapack Gladstone Financial Corp10,903$964.0K0.01%+7,444+215.2%Added
Stablepoint Partners, LLC10,912$965.2K0.15%−942−7.9%Reduced
Morse Asset Management, Inc11,085$980.5K0.20%+50.0%Added
Argent Trust Co11,093$981.2K0.03%+283+2.6%Added
Boothbay Fund Management, LLC11,479$1.02M0.03%+9,137+390.1%Added
Exchange Traded Concepts, LLC11,569$1.02M0.01%+9,760+539.5%Added
Fieldview Capital Management, LLC11,582$1.02M0.17%+11,582New
Guggenheim Capital LLC11,619$1.03M0.01%+233+2.0%Added
Nomura Holdings Inc11,627$1.03M0.00%+7,844+207.3%Added
SPC Financial, Inc.11,674$1.03M0.08%−141−1.2%Reduced
Park Avenue Securities LLC11,823$1.05M0.01%+1,955+19.8%Added
Journey Advisory Group, LLC11,857$1.05M0.08%+50+0.4%Added
Canandaigua National Bank & Trust Co11,906$1.05M0.09%+40+0.3%Added
Whitener Capital Management, Inc.11,917$1.05M0.25%−519−4.2%Reduced
Verity & Verity, LLC11,982$1.06M0.08%+640+5.6%Added
Apollon Wealth Management, LLC12,068$1.07M0.02%−863−6.7%Reduced
IFP Advisors, Inc12,088$1.07M0.03%+386+3.3%Added
MUFG Securities Americas Inc.12,224$1.08M0.07%+3,063+33.4%Added
Global Financial Private Client, LLC12,294$1.09M0.39%+185+1.5%Added
AAFMAA Wealth Management & Trust LLC12,639$1.12M0.44%−495−3.8%Reduced
Keybank National Association12,728$1.13M0.00%−311−2.4%Reduced
Empirical Finance, LLC12,757$1.13M0.05%+152+1.2%Added
Buckingham Strategic Partners12,916$1.14M0.01%+4,268+49.4%Added
V-Square Quantitative Management LLC12,875$1.14M0.19%+490+4.0%Added
Omers Administration Corp12,907$1.14M0.01%00.0%Unchanged
ASR Vermogensbeheer N.V.12,935$1.14M0.01%+58+0.5%Added
RMB Capital Management, LLC12,960$1.15M0.02%−82−0.6%Reduced
Tritonpoint Wealth, LLC13,077$1.16M0.10%+148+1.1%Added
Leonteq Securities AG13,129$1.16M0.06%−5,370−29.0%Reduced
HB Wealth Management, LLC13,224$1.17M0.01%+4,877+58.4%Added
Trueblood Wealth Management, LLC13,245$1.17M0.46%+54+0.4%Added
Kensington Investment Counsel, LLC13,350$1.18M0.48%−1,191−8.2%Reduced
Ci Investments Inc.13,404$1.19M0.00%−423−3.1%Reduced
Martin Capital Advisors, LLP13,580$1.20M0.73%+48+0.4%Added
Merit Financial Group, LLC13,645$1.21M0.01%+5,422+65.9%Added
Alyeska Investment Group, L.P.13,771$1.22M0.00%+13,771New
Clark Capital Management Group, Inc.13,908$1.23M0.01%+13,908New
Copeland Capital Management, LLC13,910$1.23M0.03%−553−3.8%Reduced
Martingale Asset Management L P13,912$1.23M0.03%+13,912New
Quadrant Capital Group LLC14,032$1.24M0.04%+87+0.6%Added
Farther Finance Advisors, LLC14,117$1.25M0.02%+2,123+17.7%Added
Capital Fund Management S.A.14,209$1.26M0.01%−11,425−44.6%Reduced
Northwestern Mutual Investment Management Company, LLC14,447$1.28M0.02%+1,260+9.6%Added
NorthRock Partners, LLC14,767$1.31M0.02%+7,060+91.6%Added
Greenleaf Trust14,958$1.32M0.01%−203−1.3%Reduced
TKG Advisors, LLC15,014$1.33M0.57%+253+1.7%Added
Hunter Associates Investment Management LLC14,997$1.33M0.18%00.0%Unchanged
Tokio Marine Asset Management Co Ltd15,040$1.33M0.05%+1,040+7.4%Added
Canada Post Corp Registered Pension Plan15,027$1.33M0.06%+4,950+49.1%Added
Compass Capital Corp15,168$1.33M0.58%−827−5.2%Reduced
Bryn Mawr Trust Co15,081$1.33M0.03%−1,458−8.8%Reduced
Mission Wealth Management, LP15,248$1.35M0.03%−509−3.2%Reduced
Legato Capital Management LLC15,315$1.35M0.15%00.0%Unchanged
Ossiam15,379$1.36M0.02%−4,393−22.2%Reduced
Ramirez Asset Management, Inc.15,451$1.37M0.19%00.0%Unchanged
Capstone Investment Advisors, LLC15,476$1.37M0.01%−84,524−84.5%Reduced
Oppenheimer & Co Inc15,691$1.39M0.02%+7,917+101.8%Added
G&S Capital LLC15,901$1.41M0.52%−416−2.5%Reduced
Summit Trail Advisors, LLC16,006$1.42M0.02%+12,379+341.3%Added
Everence Capital Management Inc16,010$1.42M0.08%00.0%Unchanged
Allstate Corp16,035$1.42M0.03%+16,035New
Mount Lucas Management LP16,287$1.44M0.65%+501+3.2%Added
Wiley Bros.-Aintree Capital, LLC16,512$1.46M0.01%+2,615+18.8%Added
iA Global Asset Management Inc.16,787$1.49M0.02%+16,787New
Clarus Wealth Advisors16,995$1.49M0.66%+2,297+15.6%Added
Paradigm Asset Management Co LLC16,900$1.49M0.34%00.0%Unchanged
GAMMA Investing LLC16,935$1.50M0.08%+1,493+9.7%Added
Helios Capital Management Pte. Ltd16,950$1.50M1.02%00.0%Unchanged
IPG Investment Advisors LLC17,003$1.50M0.27%+17,003New
Flagship Harbor Advisors, LLC17,036$1.51M0.07%−326−1.9%Reduced
AG2R la Mondiale Gestion D'Actifs17,221$1.54M0.08%00.0%Unchanged
Thompson Siegel & Walmsley LLC17,500$1.55M0.03%00.0%Unchanged
Tealwood Asset Management Inc17,548$1.55M0.63%−692−3.8%Reduced
Waterfront Wealth Inc.17,995$1.58M0.32%+39+0.2%Added
Jain Global LLC17,920$1.59M0.02%+1,316+7.9%Added
Legacy Bridge, LLC18,080$1.60M0.67%+20+0.1%Added
Evelyn Partners Investment Management (Europe) Ltd18,197$1.61M0.56%+770+4.4%Added
Fox Run Management, L.L.C.18,419$1.63M0.25%+12,950+236.8%Added
Ballentine Partners, LLC18,545$1.64M0.02%+1,298+7.5%Added
Qsemble Capital Management, LP18,603$1.65M0.16%−56,189−75.1%Reduced
New Mexico Educational Retirement Board18,684$1.65M0.05%−700−3.6%Reduced
Portfolio Design Labs, LLC19,277$1.71M0.29%−18,024−48.3%Reduced
E. Ohman J:or Asset Management AB19,322$1.71M0.04%00.0%Unchanged
Magnetar Financial LLC19,827$1.75M0.01%+19,827New