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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 1,091 | $37.2B |
| Q1 2026 | 1,100 | $39.7B |
| Q4 2025 | 1,104 | $46.7B |
| Q3 2025 | 1,047 | $42.0B |
| Q2 2025 | 1,022 | $42.8B |
| Q1 2025 | 935 | $36.9B |
| Q4 2024 | 908 | $37.0B |
| Q3 2024 | 844 | $34.9B |
| Q2 2024 | 759 | $28.8B |
| Q1 2024 | 766 | $30.3B |
| Q4 2023 | 727 | $25.3B |
| Q3 2023 | 701 | $17.4B |
| Q2 2023 | 697 | $18.0B |
| Q1 2023 | 690 | $19.8B |
| Q4 2022 | 718 | $22.4B |
| Q3 2022 | 683 | $20.6B |
| Q2 2022 | 646 | $18.4B |
| Q1 2022 | 680 | $21.6B |
| Q4 2021 | 716 | $26.0B |
| Q3 2021 | 617 | $23.5B |
| Q2 2021 | 602 | $21.3B |
| Q1 2021 | 593 | $18.0B |
Institutions, Q3 2025
Shares, value and share of portfolio for each institution holding Nasdaq, Inc.; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Sterling Capital Management LLC | 480,281 | $42.5M | 0.62% | −33,378−6.5% | Reduced |
| LGT Capital Partners Ltd. | 479,668 | $42.4M | 2.06% | −169,913−26.2% | Reduced |
| Credit Agricole S A | 477,090 | $42.2M | 0.14% | +477,090 | New |
| Teacher Retirement System of Texas | 471,492 | $41.7M | 0.17% | +245,581+108.7% | Added |
| Alliancebernstein L.P. | 463,567 | $41.0M | 0.01% | +20,701+4.7% | Added |
| Thrivent Financial for Lutherans | 454,381 | $40.2M | 0.08% | +7,770+1.7% | Added |
| Raiffeisen Bank International AG | 447,961 | $39.7M | 0.53% | +42,740+10.5% | Added |
| NorthCrest Asset Manangement, LLC | 442,143 | $39.1M | 0.93% | +7,787+1.8% | Added |
| Korea Investment CORP | 435,660 | $38.5M | 0.08% | +136,326+45.5% | Added |
| Mackenzie Financial Corp | 432,074 | $38.2M | 0.05% | +198,045+84.6% | Added |
| Evelyn Partners Investment Management LLP | 416,336 | $36.8M | 1.05% | −1110.0% | Reduced |
| Engineers Gate Manager LP | 415,231 | $36.7M | 0.42% | +314,615+312.7% | Added |
| New York State Common Retirement Fund | 414,158 | $36.6M | 0.05% | −4,668−1.1% | Reduced |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 386,215 | $34.2M | 0.09% | +58,216+17.7% | Added |
| Bank of Nova Scotia | 381,573 | $33.8M | 0.06% | +100,276+35.6% | Added |
| Vaughan Nelson Investment Management, L.P. | 379,744 | $33.6M | 0.31% | −15,890−4.0% | Reduced |
| Braun Stacey Associates Inc | 376,754 | $33.3M | 1.09% | −5,560−1.5% | Reduced |
| Truist Financial Corp | 372,963 | $33.0M | 0.04% | −18,166−4.6% | Reduced |
| State Board of Administration of Florida Retirement System | 361,670 | $32.0M | 0.06% | −28,692−7.4% | Reduced |
| SEI Investments Co | 352,101 | $31.1M | 0.03% | +30,963+9.6% | Added |
| Citigroup Inc | 347,299 | $30.7M | 0.02% | −64,456−15.7% | Reduced |
| Frontier Capital Management Co LLC | 346,813 | $30.7M | 0.28% | +33,537+10.7% | Added |
| Stifel Financial Corp | 346,316 | $30.6M | 0.03% | −43,196−11.1% | Reduced |
| Millennium Management LLC | 342,882 | $30.3M | 0.02% | −626,544−64.6% | Reduced |
| Campbell Newman Asset Management Inc | 341,804 | $30.2M | 2.21% | +7,530+2.3% | Added |
| Aviva PLC | 341,234 | $30.2M | 0.05% | +19,753+6.1% | Added |
| Nordea Investment Management AB | 339,507 | $30.1M | 0.03% | −97,719−22.3% | Reduced |
| Pathstone Holdings, LLC | 336,556 | $29.8M | 0.11% | −1,672−0.5% | Reduced |
| Public Employees Retirement Association of Colorado | 329,987 | $29.2M | 0.11% | −70,100−17.5% | Reduced |
| Gotham Asset Management, LLC | 326,195 | $28.9M | 0.13% | +140,761+75.9% | Added |
| Dearborn Partners LLC | 323,743 | $28.6M | 1.34% | −5,830−1.8% | Reduced |
| Standard Life Aberdeen plc | 324,096 | $28.6M | 0.05% | +14,251+4.6% | Added |
| New York State Teachers Retirement System | 322,375 | $28.5M | 0.06% | +1,469+0.5% | Added |
| Assenagon Asset Management S.A. | 319,674 | $28.3M | 0.04% | +48,159+17.7% | Added |
| CI Private Wealth, LLC | 319,588 | $28.3M | 0.04% | −3,146−1.0% | Reduced |
| Danske Bank A/S | 317,245 | $28.1M | 0.07% | +31,545+11.0% | Added |
| Commerce Bank | 312,420 | $27.6M | 0.15% | +359+0.1% | Added |
| Toronto Dominion Bank | 310,618 | $27.5M | 0.05% | +13,850+4.7% | Added |
| Squarepoint Ops LLC | 308,779 | $27.3M | 0.06% | +294,105+2,004.3% | Added |
| Russell Investments Group, Ltd. | 300,865 | $26.6M | 0.03% | −49,700−14.2% | Reduced |
| National Bank of Canada | 293,357 | $25.9M | 0.03% | −168,746−36.5% | Reduced |
| Pictet Asset Management Holding SA | 285,402 | $25.2M | 0.02% | −8,919−3.0% | Reduced |
| State of Wisconsin Investment Board | 285,140 | $25.2M | 0.06% | +30,487+12.0% | Added |
| Arrowstreet Capital, Limited Partnership | 283,892 | $25.1M | 0.02% | −230,559−44.8% | Reduced |
| Twinbeech Capital LP | 281,235 | $24.9M | 0.98% | +250,086+802.9% | Added |
| McRae Capital Management Inc | 279,257 | $24.7M | 4.90% | −8,904−3.1% | Reduced |
| Foster Victor Wealth Advisors, LLC | 281,177 | $24.6M | 1.53% | −1,995−0.7% | Reduced |
| Hudson Bay Capital Management LP | 275,664 | $24.4M | 0.15% | −361,457−56.7% | Reduced |
| Storebrand Asset Management AS | 273,283 | $24.2M | 0.06% | +10,009+3.8% | Added |
| Capital World Investors | 271,932 | $24.1M | 0.00% | +124,096+83.9% | Added |
| United Capital Financial Advisers, LLC | 271,051 | $24.0M | 0.17% | −4,039−1.5% | Reduced |
| HighTower Advisors, LLC | 263,924 | $23.3M | 0.03% | +11,659+4.6% | Added |
| Macquarie Group Ltd | 262,586 | $23.2M | 0.03% | −24,625−8.6% | Reduced |
| Ghisallo Capital Management LLC | 250,000 | $22.1M | 0.72% | −750,000−75.0% | Reduced |
| Capitolis Liquid Global Markets LLC | 244,152 | $21.6M | 0.17% | −10,000−3.9% | Reduced |
| Victory Capital Management Inc | 238,653 | $21.1M | 0.01% | −2,871−1.2% | Reduced |
| Zacks Investment Management | 228,385 | $20.2M | 0.16% | +114,911+101.3% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 228,142 | $20.2M | 0.05% | −176,907−43.7% | Reduced |
| The PNC Financial Services Group, Inc. | 226,031 | $20.0M | 0.01% | −5,528−2.4% | Reduced |
| KLP Kapitalforvaltning AS | 224,684 | $19.9M | 0.08% | −4,400−1.9% | Reduced |
| APG Asset Management N.V. | 257,400 | $19.4M | 0.05% | +24,700+10.6% | Added |
| Polar Asset Management Partners Inc. | 218,264 | $19.3M | 0.39% | +206,564+1,765.5% | Added |
| Voya Investment Management LLC | 212,892 | $18.8M | 0.02% | −16,828−7.3% | Reduced |
| Panagora Asset Management Inc | 199,247 | $17.6M | 0.07% | +196,523+7,214.5% | Added |
| Pinebridge Investments, L.P. | 197,905 | $17.5M | 0.13% | +2,746+1.4% | Added |
| Asset Management One Co.,Ltd. | 197,777 | $17.5M | 0.05% | +2,521+1.3% | Added |
| Baltimore-Washington Financial Advisors, Inc. | 196,192 | $17.4M | 0.74% | +196,192 | New |
| Mitsubishi UFJ Trust & Banking Corp | 194,504 | $17.2M | 0.04% | −7,180−3.6% | Reduced |
| Kames Capital plc | 194,200 | $17.2M | 0.20% | +7,558+4.0% | Added |
| Royal London Asset Management Ltd | 189,285 | $16.7M | 0.04% | −737−0.4% | Reduced |
| Allianz Asset Management GmbH | 187,531 | $16.6M | 0.02% | −598−0.3% | Reduced |
| Marshall Wace, LLP | 185,914 | $16.4M | 0.02% | +88,091+90.1% | Added |
| Treasurer of the State of North Carolina | 185,419 | $16.4M | 0.05% | −7,226−3.8% | Reduced |
| Cetera Investment Advisers | 178,924 | $15.8M | 0.02% | +121,626+212.3% | Added |
| Ensign Peak Advisors, Inc | 176,091 | $15.6M | 0.03% | −34,905−16.5% | Reduced |
| Point72 Europe (London) LLP | 173,600 | $15.4M | 0.83% | +63,100+57.1% | Added |
| Varma Mutual Pension Insurance Co | 172,876 | $15.3M | 0.10% | +31,100+21.9% | Added |
| Daiwa Securities Group Inc. | 171,025 | $15.1M | 0.05% | +31,766+22.8% | Added |
| GHP Investment Advisors, Inc. | 167,862 | $14.8M | 0.62% | +8,719+5.5% | Added |
| Baird Financial Group, Inc. | 166,959 | $14.8M | 0.02% | −3,136−1.8% | Reduced |
| Mercer Global Advisors Inc | 165,022 | $14.6M | 0.02% | +97,148+143.1% | Added |
| Comerica Bank | 163,860 | $14.5M | 0.05% | +4,532+2.8% | Added |
| Nomura Asset Management Co Ltd | 163,796 | $14.5M | 0.04% | +661+0.4% | Added |
| Mn Services Vermogensbeheer B.V. | 163,200 | $14.4M | 0.09% | +1,900+1.2% | Added |
| Natixis | 159,623 | $14.1M | 0.08% | +73,859+86.1% | Added |
| First Fiduciary Investment Counsel, Inc. | 157,171 | $13.9M | 2.71% | −3,821−2.4% | Reduced |
| Cary Street Partners Financial LLC | 156,792 | $13.9M | 0.36% | −3,755−2.3% | Reduced |
| Raub Brock Capital Management LP | 156,764 | $13.9M | 2.98% | −1,304−0.8% | Reduced |
| Andra AP-fonden | 156,300 | $13.8M | 0.18% | +78,300+100.4% | Added |
| TD Asset Management Inc | 154,018 | $13.6M | 0.01% | +4,792+3.2% | Added |
| Swiss Life Asset Management Ltd | 150,898 | $13.3M | 0.07% | +59,248+64.6% | Added |
| Rafferty Asset Management, LLC | 150,867 | $13.3M | 0.04% | +13,426+9.8% | Added |
| Cerity Partners LLC | 149,604 | $13.2M | 0.02% | +17,796+13.5% | Added |
| Janus Henderson Group PLC | 148,180 | $13.1M | 0.01% | +66,753+82.0% | Added |
| State of New Jersey Common Pension Fund D | 147,563 | $13.1M | 0.05% | +12,336+9.1% | Added |
| Glenmede Investment Management, LP | 146,805 | $13.0M | 0.06% | −1,783−1.2% | Reduced |
| Lansforsakringar Fondforvaltning AB (publ) | 143,363 | $12.7M | 0.07% | +8,647+6.4% | Added |
| Ieq Capital, LLC | 142,533 | $12.6M | 0.04% | +41,110+40.5% | Added |
| Teachers Retirement System of the State of Kentucky | 142,265 | $12.6M | 0.10% | 00.0% | Unchanged |
| Resona Asset Management Co.,Ltd. | 141,204 | $12.5M | 0.06% | −6,488−4.4% | Reduced |