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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
Susquehanna Fundamental Investments, LLC59,136$5.23M0.20%+59,136New
Toroso Investments, LLC58,832$5.20M0.02%+5,525+10.4%Added
Susquehanna International Group, LLP58,817$5.20M0.01%−294,611−83.4%Reduced
Elo Mutual Pension Insurance Co58,748$5.20M0.09%+15,782+36.7%Added
Evelyn Partners Investment Management Services Ltd58,085$5.14M0.69%+20,999+56.6%Added
AIA Group Ltd58,000$5.13M0.09%+58,000New
BI Asset Management Fondsmaeglerselskab A/S57,950$5.13M0.05%+40,076+224.2%Added
Davenport & Co LLC57,758$5.11M0.03%−3,260−5.3%Reduced
Stratos Wealth Partners, LTD.57,708$5.10M0.06%+128+0.2%Added
Siemens Fonds Invest GmbH56,630$5.01M0.27%+8,631+18.0%Added
Dnca Finance56,550$5.00M0.34%−11,550−17.0%Reduced
Point72 Asset Management, L.P.56,183$4.97M0.01%+56,183New
Sumitomo Mitsui DS Asset Management Company, Ltd56,158$4.97M0.04%+2,848+5.3%Added
Bokf, NA55,969$4.95M0.07%−4,683−7.7%Reduced
AE Wealth Management LLC55,809$4.94M0.03%+944+1.7%Added
Intech Investment Management LLC55,134$4.88M0.04%+31,081+129.2%Added
Horizon Investments, LLC54,999$4.86M0.06%+8,761+18.9%Added
Nissay Asset Management Corp54,898$4.86M0.03%+756+1.4%Added
Janney Montgomery Scott LLC54,663$4.83M0.01%+6,826+14.3%Added
First National Bank of Omaha54,448$4.82M0.30%−1,644−2.9%Reduced
Graham Capital Management, L.P.52,855$4.68M0.17%+40,339+322.3%Added
Quantbot Technologies LP52,273$4.62M0.13%−31,183−37.4%Reduced
Kestra Advisory Services, LLC51,974$4.60M0.02%+2,672+5.4%Added
Oregon Public Employees Retirement Fund51,824$4.58M0.06%+16,097+45.1%Added
Northstar Asset Management Inc51,736$4.58M1.19%+51,736New
Sciencast Management LP49,873$4.41M0.83%+49,873New
Yousif Capital Management, LLC49,551$4.38M0.05%+1,035+2.1%Added
Mutual of America Capital Management LLC49,136$4.35M0.05%+1,730+3.6%Added
Los Angeles Capital Management LLC49,007$4.33M0.01%−1,500−3.0%Reduced
CapitalatWork S.A.48,826$4.32M0.13%−2,550−5.0%Reduced
State of Alaska, Department of Revenue48,738$4.31M0.04%+2,306+5.0%Added
OP Asset Management Ltd48,609$4.30M0.06%+1,810+3.9%Added
Entropy Technologies, LP48,431$4.28M0.32%+42,731+749.7%Added
B. Metzler seel. Sohn & Co. AG48,310$4.27M0.04%+1,628+3.5%Added
JustInvest LLC48,248$4.27M0.04%−911−1.9%Reduced
M&T Bank Corp47,916$4.24M0.01%−7,090−12.9%Reduced
Atria Investments LLC47,881$4.24M0.05%−2,568−5.1%Reduced
SG Americas Securities, LLC47,732$4.22M0.02%+33,035+224.8%Added
LGT Group Foundation46,949$4.08M0.05%+3,058+7.0%Added
Tudor Investment Corp Et Al45,696$4.04M0.03%−56,946−55.5%Reduced
Tredje AP-fonden44,816$3.96M0.03%−27,509−38.0%Reduced
NEOS Investment Management LLC44,699$3.95M0.03%+14,502+48.0%Added
Fifth Third Bancorp44,048$3.90M0.01%−1,068−2.4%Reduced
Lido Advisors, LLC43,745$3.87M0.02%+21,459+96.3%Added
Keebeck Wealth Management, LLC43,355$3.83M0.45%+877+2.1%Added
UniSuper Management Pty Ltd43,207$3.82M0.02%+5,158+13.6%Added
Taikang Asset Management (Hong Kong) Co Ltd42,868$3.79M0.42%−19,397−31.2%Reduced
GAM Holding AG42,413$3.75M0.23%+65+0.2%Added
Bensler, LLC41,334$3.66M0.38%−635−1.5%Reduced
First Washington CORP40,968$3.62M0.97%00.0%Unchanged
Campbell & CO Investment Adviser LLC40,941$3.62M0.27%+40,941New
Penobscot Investment Management Company, Inc.40,273$3.56M0.27%00.0%Unchanged
Motley Fool Asset Management LLC39,611$3.50M0.14%+10,009+33.8%Added
Crossmark Global Holdings, Inc.39,502$3.49M0.05%−2,391−5.7%Reduced
XTX Topco Ltd38,587$3.41M0.18%+38,587New
Wealthfront Advisers LLC38,288$3.39M0.01%+10,314+36.9%Added
Gold Investment Management Ltd.38,160$3.38M1.13%+652+1.7%Added
Graphene Investments SAS37,500$3.32M2.10%+37,500New
GWM Advisors LLC37,420$3.31M0.02%+386+1.0%Added
Vident Advisory, LLC36,869$3.26M0.03%+25,231+216.8%Added
Pacer Advisors, Inc.36,505$3.23M0.01%−1,040−2.8%Reduced
Generali Asset Management SPA SGR35,942$3.18M0.07%+3,562+11.0%Added
Vinva Investment Management Ltd35,431$3.14M0.06%+9,308+35.6%Added
Paralel Advisors LLC35,264$3.12M0.12%+46+0.1%Added
Mizuho Securities USA LLC33,015$3.11M0.06%+4,442+15.5%Added
Metis Global Partners, LLC34,995$3.10M0.07%−609−1.7%Reduced
First American Bank34,949$3.09M0.19%+503+1.5%Added
Oak Thistle LLC34,558$3.06M0.47%+34,558New
Ostrum Asset Management34,527$3.05M0.14%−3,602−9.4%Reduced
Guardian Partners Inc.34,975$3.04M0.26%−5,350−13.3%Reduced
Captrust Financial Advisors33,673$2.98M0.01%+7,693+29.6%Added
Ascent Group, LLC33,442$2.96M0.10%−15,367−31.5%Reduced
Burling Wealth Partners, LLC33,065$2.92M0.48%+7,406+28.9%Added
Fairbanks Capital Management, Inc.32,817$2.90M1.57%−179−0.5%Reduced
Parkwood LLC32,600$2.88M0.28%00.0%Unchanged
Federated Hermes, Inc.32,584$2.88M0.01%+4,444+15.8%Added
Empowered Funds, LLC32,534$2.88M0.03%+18,270+128.1%Added
Promethium Advisors,llc32,268$2.85M1.64%+866+2.8%Added
Applied Capital LLC31,717$2.81M2.01%00.0%Unchanged
Walleye Trading LLC31,572$2.79M0.04%+11,033+53.7%Added
Aquatic Capital Management LLC31,458$2.78M0.05%−72,252−69.7%Reduced
Prosperity Consulting Group, LLC31,046$2.75M0.14%−3,339−9.7%Reduced
Avanza Fonder AB30,805$2.72M0.07%00.0%Unchanged
QRG Capital Management, Inc.30,417$2.69M0.03%−29,087−48.9%Reduced
Greenwich Wealth Management LLC30,400$2.69M0.13%+315+1.0%Added
Texas Yale Capital Corp.30,378$2.69M0.08%+1,790+6.3%Added
BDF-Gestion30,295$2.68M0.32%−1,677−5.2%Reduced
Brevan Howard Capital Management LP30,248$2.68M0.04%−141,810−82.4%Reduced
RBF Capital, LLC30,000$2.65M0.12%00.0%Unchanged
Sax Wealth Advisors, LLC29,977$2.65M0.14%+50.0%Added
Shell Asset Management Co29,932$2.65M0.27%−16,833−36.0%Reduced
Wetherby Asset Management Inc29,920$2.65M0.11%+2,618+9.6%Added
Pensionmark Financial Group, LLC29,494$2.61M0.05%−333−1.1%Reduced
Meiji Yasuda Asset Management Co Ltd.29,364$2.60M0.12%−3,600−10.9%Reduced
Regions Financial Corp29,228$2.59M0.02%−990−3.3%Reduced
United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund29,200$2.58M0.09%+21,900+300.0%Added
Dai-Ichi Life Insurance Company, Ltd29,060$2.57M0.06%00.0%Unchanged
Flputnam Investment Management Co28,955$2.56M0.04%+3,281+12.8%Added
Neville Rodie & Shaw Inc28,765$2.54M0.18%+8,490+41.9%Added
Concurrent Investment Advisors, LLC28,725$2.54M0.04%−277−1.0%Reduced