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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
Acima Private Wealth, LLC46$4.07K0.00%+46New
Cape Investment Advisory, Inc.46$4.07K0.00%+45+4,500.0%Added
Hughes Financial Services, LLC43$3.78K0.00%00.0%Unchanged
Country Trust Bank42$3.71K0.00%00.0%Unchanged
Painted Porch Advisors LLC41$3.63K0.00%00.0%Unchanged
Heartwood Wealth Advisors LLC41$3.63K0.00%+41New
Financial Consulate, Inc38$3.36K0.00%+38New
DAGCO, Inc.38$3.36K0.00%00.0%Unchanged
Crews Bank & Trust36$3.18K0.00%00.0%Unchanged
Principia Wealth Advisory, LLC32$2.83K0.00%+3+10.3%Added
Jackson, Grant Investment Advisers, Inc.30$2.65K0.00%00.0%Unchanged
Bay Harbor Wealth Management, LLC30$2.65K0.00%+8+36.4%Added
Dunhill Financial, LLC29$2.54K0.00%+1+3.6%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
Dogwood Wealth Management LLC26$2.30K0.00%+2+8.3%Added
MPWM Advisory Solutions, LLC25$2.21K0.00%00.0%Unchanged
Clark Wealth Partners21$2.04K0.00%00.0%Unchanged
TFC Financial Management23$2.04K0.00%00.0%Unchanged
NVWM, LLC23$2.03K0.00%00.0%Unchanged
Rialto Wealth Management, LLC22$1.95K0.00%+3+15.8%Added
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
Quaker Wealth Management, LLC18$1.59K0.00%00.0%Unchanged
American Capital Advisory, LLC18$1.59K0.00%00.0%Unchanged
Aspect Partners, LLC17$1.50K0.00%+17New
Beaird Harris Wealth Management, LLC14$1.24K0.00%+14New
Signature Resources Capital Management, LLC14$1.24K0.00%00.0%Unchanged
HFM Investment Advisors, LLC14$1.24K0.00%+2+16.7%Added
Texas Capital Bancshares Inc12$1.06K0.00%+12New
Strengthening Families & Communities, LLC11$1.01K0.00%+11New
WestEnd Advisors, LLC10$8850.00%+1+11.1%Added
Winnow Wealth LLC9$8010.00%+9New
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
Cedar Mountain Advisors, LLC6$5310.00%+6New
Seneschal Advisors, LLC6$5310.00%+6New
Quest 10 Wealth Builders, Inc.5$4860.00%00.0%Unchanged
GPS Wealth Strategies Group, LLC5$4420.00%00.0%Unchanged
Hurley Capital, LLC5$4420.00%+5New
Turning Point Benefit Group, Inc.5$4340.00%+5New
IMA Wealth, Inc.4$3540.00%00.0%Unchanged
E Fund Management (Hong Kong) Co., Ltd.3$2650.00%+3New
Caitong International Asset Management Co., Ltd2$1770.00%−1,539−99.9%Reduced
Bain Capital Public Equity Management II, LLC0$00.00%−649,427−100.0%Sold out
1832 Asset Management L.P.0$00.00%−602,800−100.0%Sold out
Railway Pension Investments Ltd0$00.00%−535,200−100.0%Sold out
Weiss Asset Management LP0$00.00%−462,554−100.0%Sold out
Freestone Grove Partners LP0$00.00%−425,173−100.0%Sold out
Gillson Capital LP0$00.00%−377,823−100.0%Sold out
Zurich Insurance Group Ltd0$00.00%−363,960−100.0%Sold out
Holocene Advisors, LP0$00.00%−319,308−100.0%Sold out
Lighthouse Investment Partners, LLC0$00.00%−180,338−100.0%Sold out
Connor, Clark & Lunn Investment Management Ltd.0$00.00%−132,761−100.0%Sold out
Moore Capital Management, LP0$00.00%−111,680−100.0%Sold out
AXA S.A.0$00.00%−100,292−100.0%Sold out
Longaeva Partners L.P.0$00.00%−99,961−100.0%Sold out
Polar Capital Holdings Plc0$00.00%−90,534−100.0%Sold out
Sierra Summit Advisors LLC0$00.00%−72,563−100.0%Sold out
Van Hulzen Asset Management, LLC0$00.00%−69,819−100.0%Sold out
ISAM Funds (UK) Ltd0$00.00%−55,471−100.0%Sold out
Nebula Research & Development LLC0$00.00%−44,315−100.0%Sold out
Lombard Odier Asset Management (Europe) Ltd0$00.00%−39,000−100.0%Sold out
Bain Capital Public Equity, LP0$00.00%−37,382−100.0%Sold out
FJ Capital Management LLC0$00.00%−27,803−100.0%Sold out
SummitTX Capital, L.P.0$00.00%−24,465−100.0%Sold out
Centiva Capital, LP0$00.00%−24,173−100.0%Sold out
Picton Mahoney Asset Management0$00.00%−20,900−100.0%Sold out
Quadrature Capital Ltd0$00.00%−20,682−100.0%Sold out
Inceptionr LLC0$00.00%−19,434−100.0%Sold out
IMC-Chicago, LLC0$00.00%−15,591−100.0%Sold out
Belpointe Asset Management LLC0$00.00%−12,949−100.0%Sold out
Fortis Capital Advisors, LLC0$00.00%−12,949−100.0%Sold out
Scientech Research LLC0$00.00%−12,559−100.0%Sold out
Arete Wealth Advisors, LLC0$00.00%−11,397−100.0%Sold out
Greenland Capital Management LP0$00.00%−10,836−100.0%Sold out
Agf Management Ltd0$00.00%−9,206−100.0%Sold out
Ethos Financial Group, LLC0$00.00%−6,882−100.0%Sold out
World Equity Group, Inc.0$00.00%−6,709−100.0%Sold out
Bridgefront Capital, LLC0$00.00%−6,526−100.0%Sold out
Two Sigma Securities, LLC0$00.00%−6,295−100.0%Sold out
Eqis Capital Management, Inc.0$00.00%−5,684−100.0%Sold out
Farringdon Capital, Ltd.0$00.00%−5,680−100.0%Sold out
Gitterman Wealth Management, LLC0$00.00%−5,630−100.0%Sold out
Waterloo Capital, L.P.0$00.00%−5,124−100.0%Sold out
Teza Capital Management LLC0$00.00%−5,031−100.0%Sold out
Sandia Investment Management LP0$00.00%−5,000−100.0%Sold out
Asahi Life Asset Management Co., Ltd.0$00.00%−4,640−100.0%Sold out
Thurston, Springer, Miller, Herd & Titak, Inc.0$00.00%−4,570−100.0%Sold out
Versor Investments LP0$00.00%−4,174−100.0%Sold out
Counterpoint Mutual Funds LLC0$00.00%−3,847−100.0%Sold out
OneAscent Financial Services LLC0$00.00%−3,626−100.0%Sold out
ICONIQ Capital, LLC0$00.00%−3,479−100.0%Sold out
MBB Public Markets I LLC0$00.00%−3,285−100.0%Sold out
AlphaStar Capital Management, LLC0$00.00%−3,200−100.0%Sold out
Aaron Wealth Advisors0$00.00%−3,031−100.0%Sold out
Victrix Investment Advisors0$00.00%−2,900−100.0%Sold out