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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
Verus Financial Partners, Inc.7,150$632.4K0.06%00.0%Unchanged
Bradley Foster & Sargent Inc7,085$626.7K0.01%−863−10.9%Reduced
Insight Wealth Partners, LLC6,999$619.1K0.27%00.0%Unchanged
Gabelli Funds LLC6,925$612.5K0.00%−635−8.4%Reduced
Centaurus Financial, Inc.6,789$600.0K0.03%+352+5.5%Added
Essential Partners LLC6,761$598.0K0.20%+2,762+69.1%Added
Stratos Wealth Advisors, LLC6,739$596.1K0.03%+536+8.6%Added
Great Lakes Retirement, Inc.6,604$584.1K0.06%−78−1.2%Reduced
Forum Financial Management, LP6,604$584.1K0.01%+15+0.2%Added
Nilsine Partners, LLC6,582$582.2K0.05%+64+1.0%Added
Gladstone Institutional Advisory LLC6,561$580.3K0.02%−980−13.0%Reduced
Argus Investors' Counsel, Inc.6,498$574.8K0.46%−82−1.2%Reduced
Sienna Gestion7,086$571.4K0.04%00.0%Unchanged
Checchi Capital Advisers, LLC6,363$562.8K0.04%−406−6.0%Reduced
Valeo Financial Advisors, LLC6,249$552.7K0.01%+159+2.6%Added
Profund Advisors LLC6,183$546.9K0.02%+1,079+21.1%Added
Chicago Partners Investment Group LLC6,188$544.3K0.01%+474+8.3%Added
Stevens Capital Management LP6,138$543.0K0.07%+6,138New
Hoxton Planning & Management, LLC6,113$540.7K0.17%00.0%Unchanged
JFS Wealth Advisors, LLC6,034$533.7K0.03%00.0%Unchanged
Arkadios Wealth Advisors6,023$532.8K0.01%−3,276−35.2%Reduced
Delta Capital Management LLC5,995$530.0K0.27%−300−4.8%Reduced
Stanley-Laman Group, Ltd.5,951$526.4K0.08%−2,755−31.6%Reduced
CenterBook Partners LP5,866$518.8K0.03%+5,866New
Boreal Capital Management LLC5,845$517.0K0.42%+3,574+157.4%Added
Sunbelt Securities, Inc.5,818$514.6K0.04%+3,114+115.2%Added
Means Investment Co., Inc.5,772$510.5K0.04%00.0%Unchanged
Quantitative Investment Management, LLC5,740$507.0K0.07%+5,740New
Element Capital Management LLC5,636$498.5K0.71%+5,636New
Krilogy Financial LLC5,802$496.4K0.02%+5,802New
Numerai GP LLC5,604$495.7K0.07%−11,044−66.3%Reduced
Integrated Wealth Concepts LLC5,576$493.2K0.00%+866+18.4%Added
Syon Capital LLC5,548$490.8K0.03%+857+18.3%Added
Manchester Capital Management LLC5,515$487.8K0.07%−3,452−38.5%Reduced
Sompo Asset Management Co., Ltd.5,510$487.4K0.08%−4,850−46.8%Reduced
Thomasville National Bank5,437$480.9K0.03%+187+3.6%Added
American National Bank5,415$479.0K0.05%00.0%Unchanged
Diligent Investors, LLC5,400$477.6K0.12%00.0%Unchanged
Massmutual Trust Co FSB5,378$475.7K0.01%−143−2.6%Reduced
Savant Capital, LLC5,375$475.5K0.00%−33−0.6%Reduced
Gateway Investment Advisers LLC5,352$473.4K0.00%+57+1.1%Added
Cynosure Management, LLC5,336$472.0K0.05%00.0%Unchanged
Chilton Investment Co LLC5,293$468.2K0.01%+5,293New
Allred Capital Management, LLC5,260$465.3K0.16%+17+0.3%Added
Glenview Trust Co5,229$462.5K0.01%+5,229New
Meiji Yasuda Life Insurance Co5,198$459.8K0.01%−674−11.5%Reduced
Crestwood Advisors Group LLC5,186$458.7K0.01%+323+6.6%Added
Meeder Advisory Services, Inc.5,173$457.6K0.02%−369−6.7%Reduced
Malaga Cove Capital, LLC5,173$457.6K0.17%−87−1.7%Reduced
Quotient Wealth Partners, LLC5,145$455.0K0.01%+42+0.8%Added
Lebenthal Global Advisors, LLC5,075$448.9K0.08%+1,957+62.8%Added
Ridgewood Investments LLC5,049$446.6K0.19%−28−0.6%Reduced
Scotia Capital Inc.5,034$445.3K0.00%+1,255+33.2%Added
Advisors Capital Management, LLC4,988$441.2K0.01%+1,020+25.7%Added
Welch Group, LLC4,951$437.9K0.02%00.0%Unchanged
Pitcairn Co4,943$437.2K0.03%−1,187−19.4%Reduced
Cary Street Partner Investment Advisory LLC4,913$434.6K0.18%−22−0.4%Reduced
Boyar Asset Management Inc.4,896$433.1K0.27%00.0%Unchanged
Brown Brothers Harriman & Co4,876$431.3K0.00%+332+7.3%Added
Cresset Asset Management, LLC4,870$430.7K0.00%+374+8.3%Added
Mayflower Financial Advisors, LLC4,869$430.7K0.05%−158−3.1%Reduced
Colonial Trust Co4,867$430.5K0.06%+9+0.2%Added
Perigon Wealth Management, LLC4,845$428.5K0.01%+2,421+99.9%Added
Optimize Financial Inc4,822$426.5K0.22%+4,822New
Rosenberg Matthew Hamilton4,785$423.2K0.09%−103−2.1%Reduced
Harvest Investment Services, LLC4,785$423.2K0.09%+4,785New
Wedmont Private Capital4,761$421.1K0.02%+344+7.8%Added
Vise Technologies, Inc.4,755$420.5K0.02%−449−8.6%Reduced
Parallel Advisors, LLC4,715$417.0K0.01%+188+4.2%Added
PharVision Advisers, LLC4,712$416.8K0.23%+2,406+104.3%Added
Trust Asset Management LLC4,697$415.4K0.03%00.0%Unchanged
Diversified Trust Co4,677$413.7K0.01%+657+16.3%Added
LWM Advisory Services, LLC4,676$413.6K0.24%00.0%Unchanged
Pine Valley Investments Ltd Liability Co4,618$408.4K0.02%+1,164+33.7%Added
DRW Securities, LLC4,599$403.2K0.02%+4,599New
Qtron Investments LLC4,550$402.4K0.05%+4,550New
Wedbush Securities Inc4,549$402.0K0.01%−507−10.0%Reduced
Sagespring Wealth Partners, LLC4,517$399.5K0.01%−282−5.9%Reduced
Clearstead Advisors, LLC4,516$399.4K0.01%+415+10.1%Added
Atom Investors LP4,497$397.8K0.03%−6,638−59.6%Reduced
Advisors Asset Management, Inc.4,479$396.2K0.01%+1,301+40.9%Added
Private Trust Co NA4,472$395.5K0.03%−1,184−20.9%Reduced
Retirement Planning Co of New England, Inc.4,460$394.5K0.16%+10+0.2%Added
Independent Advisor Alliance4,457$394.2K0.01%+88+2.0%Added
Gamco Investors, Inc. Et Al4,446$393.2K0.00%−235−5.0%Reduced
Fielder Capital Group LLC4,434$392.2K0.09%+181+4.3%Added
Level Four Advisory Services, LLC4,422$391.2K0.01%−101−2.2%Reduced
Evergreen Capital Management LLC4,404$389.5K0.01%−164−3.6%Reduced
SBI Securities Co., Ltd.4,397$388.9K0.01%−154−3.4%Reduced
OneAscent Wealth Management LLC4,387$388.0K0.13%+534+13.9%Added
Mather Group, LLC.4,380$387.4K0.00%+139+3.3%Added
Fidelis Capital Partners, LLC4,355$385.2K0.03%+12+0.3%Added
Ellevest, Inc.4,343$384.1K0.05%−281−6.1%Reduced
Principal Securities, Inc.4,282$378.7K0.01%+714+20.0%Added
We Are One Seven, LLC4,279$378.4K0.01%+281+7.0%Added
Commerzbank Aktiengesellschaft4,251$377.0K0.01%+187+4.6%Added
Navellier & Associates Inc4,219$373.2K0.04%+13+0.3%Added
McGuire Investment Group, LLC4,200$371.5K0.04%00.0%Unchanged
Tower Research Capital LLC (TRC)4,193$370.9K0.01%−9,451−69.3%Reduced
Evoke Wealth, LLC4,189$370.5K0.01%+305+7.9%Added