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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 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
UMA Financial Services, Inc.406$35.9K0.01%+18+4.6%Added
First Command Advisory Services, Inc.390$34.5K0.00%00.0%Unchanged
Evelyn Partners Asset Management Ltd387$34.2K0.01%00.0%Unchanged
Hollencrest Capital Management381$33.7K0.00%00.0%Unchanged
CVA Family Office, LLC379$33.5K0.00%+11+3.0%Added
AdvisorNet Financial, Inc370$32.7K0.00%−36−8.9%Reduced
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main362$32.0K0.00%+334+1,192.9%Added
Grove Bank & Trust351$31.0K0.00%00.0%Unchanged
Hemington Wealth Management356$31.0K0.00%+60+20.3%Added
Deseret Mutual Benefit Administrators349$30.9K0.01%00.0%Unchanged
Bartlett & Co. Wealth Management LLC345$30.5K0.00%00.0%Unchanged
Highline Wealth Partners LLC343$30.3K0.01%00.0%Unchanged
Salomon & Ludwin, LLC344$30.1K0.00%+344New
West Branch Capital LLC323$28.6K0.01%+323New
Raffa Wealth Management, LLC314$27.8K0.00%+8+2.6%Added
Westside Investment Management, Inc.318$27.6K0.00%+159+100.0%Added
Creative Financial Designs Inc310$27.4K0.00%+160+106.7%Added
Access Investment Management LLC309$27.3K0.01%00.0%Unchanged
Tripletail Wealth Management, LLC300$26.6K0.03%+300New
MCF Advisors LLC300$26.5K0.00%00.0%Unchanged
Bruce G. Allen Investments, LLC285$25.2K0.02%00.0%Unchanged
MV Capital Management, Inc.283$25.0K0.00%00.0%Unchanged
Front Row Advisors LLC282$24.9K0.01%00.0%Unchanged
AllSquare Wealth Management LLC276$24.4K0.01%00.0%Unchanged
Wealthspire Advisors, LLC275$24.3K0.00%+275New
Rise Advisors, LLC266$23.5K0.01%+6+2.3%Added
Reyes Financial Architecture, Inc.264$23.4K0.02%+64+32.0%Added
Raleigh Capital Management Inc.259$22.9K0.01%+22+9.3%Added
Fortitude Family Office, LLC251$22.2K0.01%+5+2.0%Added
Kerr Financial Planning Corp256$22.2K0.03%+256New
Westfuller Advisors, LLC226$20.0K0.01%+226New
JPL Wealth Management, LLC225$19.9K0.00%+225New
Rossby Financial, LCC225$19.6K0.01%+57+33.9%Added
Farmers & Merchants Investments Inc210$18.6K0.00%00.0%Unchanged
GW&K Investment Management, LLC189$17.0K0.00%00.0%Unchanged
Bogart Wealth, LLC190$16.8K0.00%+6+3.3%Added
Silicon Valley Capital Partners189$16.7K0.00%00.0%Unchanged
Bank of Jackson Hole Trust180$15.9K0.01%00.0%Unchanged
Concord Wealth Partners162$14.4K0.00%00.0%Unchanged
Archer Investment Corp156$13.8K0.00%00.0%Unchanged
WealthCollab, LLC155$13.7K0.01%+155New
Versant Capital Management, Inc152$13.4K0.00%00.0%Unchanged
Pathway Financial Advisers, LLC151$13.3K0.00%+151New
Adirondack Trust Co150$13.3K0.00%00.0%Unchanged
WPG Advisers, LLC148$13.1K0.01%+43+41.0%Added
Private Wealth Management Group, LLC147$13.0K0.00%00.0%Unchanged
Clean Yield Group146$12.9K0.00%00.0%Unchanged
Cornerstone Planning Group LLC147$12.6K0.00%+14+10.5%Added
Wealth Watch Advisors, INC142$12.6K0.01%+142New
Curio Wealth, LLC135$11.9K0.00%00.0%Unchanged
Rational Advisors LLC131$11.6K0.00%−13−9.0%Reduced
Comprehensive Financial Planning, Inc.131$11.5K0.01%+1+0.8%Added
Tortoise Investment Management, LLC127$11.3K0.00%+105+477.3%Added
Moisand Fitzgerald Tamayo, LLC126$11.1K0.00%00.0%Unchanged
MTM Investment Management, LLC122$10.8K0.00%00.0%Unchanged
Cherry Tree Wealth Management, LLC114$10.1K0.00%00.0%Unchanged
Transamerica Financial Advisors, Inc.113$9.94K0.00%+113New
Catherine Avery Investment Management LLC112$9.91K0.01%00.0%Unchanged
Abound Wealth Management110$9.77K0.00%00.0%Unchanged
Activest Wealth Management106$9.38K0.00%+6+6.0%Added
NFJ Investment Group, LLC103$9.11K0.00%00.0%Unchanged
Marshall & Sterling Wealth Advisors Inc.103$9.11K0.01%00.0%Unchanged
Financial Freedom, LLC103$9.10K0.00%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
Valley National Advisers Inc103$9.00K0.00%00.0%Unchanged
Y.D. More Investments Ltd430$8.93K0.00%−45−9.5%Reduced
Eastern Bank100$8.85K0.00%00.0%Unchanged
Howard Hughes Medical Institute97$8.58K0.01%+8+9.0%Added
Plante Moran Financial Advisors, LLC96$8.49K0.00%+96New
Alerus Financial NA94$8.31K0.00%−82−46.6%Reduced
Red Tortoise LLC93$8.23K0.00%00.0%Unchanged
Avion Wealth101$8.00K0.00%+12+13.5%Added
Kilter Group LLC88$7.78K0.00%+14+18.9%Added
Phoenix Holdings Ltd.26,894$7.64K0.00%−373−1.4%Reduced
High Note Wealth, LLC82$7.25K0.00%+82New
Bell Investment Advisors, Inc81$7.17K0.00%+5+6.6%Added
Carolina Wealth Advisors, LLC74$6.54K0.00%00.0%Unchanged
Vermillion & White Wealth Management Group, LLC72$6.37K0.00%+72New
Marquette Asset Management, LLC70$6.19K0.00%+70New
Indiana Trust & Investment Management CO69$6.10K0.00%00.0%Unchanged
Hanson & Doremus Investment Management70$6.00K0.00%00.0%Unchanged
Key Financial Inc69$6.00K0.00%00.0%Unchanged
Palisade Asset Management, LLC67$5.93K0.00%+67New
Trifecta Capital Advisors, LLC66$5.84K0.00%00.0%Unchanged
Imprint Wealth LLC64$5.66K0.02%+64New
Bare Financial Services, Inc63$5.57K0.00%+9+16.7%Added
ORG Partners LLC62$5.48K0.00%+52+520.0%Added
BankPlus Trust Department60$5.31K0.00%00.0%Unchanged
Ogorek Anthony Joseph57$5.00K0.00%−59−50.9%Reduced
Cloud Capital Management, LLC60$5.00K0.00%+60New
Accent Capital Management, LLC54$4.78K0.00%+54New
Plato Investment Management Ltd54$4.74K0.00%+38+237.5%Added
S&T Bank52$4.60K0.00%00.0%Unchanged
JNBA Financial Advisors51$4.51K0.00%+51New
Geneos Wealth Management Inc.50$4.42K0.00%−573−92.0%Reduced
CBIZ Investment Advisory Services, LLC50$4.42K0.00%+40+400.0%Added
HM Payson & Co48$4.25K0.00%+30+166.7%Added
Mowery & Schoenfeld Wealth Management, LLC48$4.25K0.01%00.0%Unchanged
DiNuzzo Private Wealth, Inc.44$4.17K0.00%00.0%Unchanged