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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
First National Trust Co4,168$368.7K0.01%00.0%Unchanged
Donaldson Capital Management, LLC4,118$364.2K0.01%00.0%Unchanged
IFC Advisors LLC4,089$361.7K0.07%+18+0.4%Added
Cornerstone Wealth Group, LLC4,064$359.5K0.02%+21+0.5%Added
Pettee Investors, Inc.4,050$358.2K0.20%00.0%Unchanged
Cigna Investments Inc4,046$358.0K0.05%00.0%Unchanged
PEAK6 LLC4,034$356.8K0.01%+4,034New
Camden Capital, LLC4,021$355.7K0.02%+4,021New
Spire Wealth Management3,977$351.7K0.01%+595+17.6%Added
1248 Management, LLC3,947$349.1K0.20%00.0%Unchanged
Citizens Financial Group Inc3,930$347.6K0.00%+59+1.5%Added
Synovus Financial Corp3,929$347.5K0.00%−10−0.3%Reduced
Edgestream Partners, L.P.3,875$342.7K0.01%−29,574−88.4%Reduced
Livforsakringsbolaget Skandia, Omsesidigt3,826$338.3K0.01%00.0%Unchanged
Elm3 Financial Group, LLC3,820$337.9K0.28%−94−2.4%Reduced
Keynote Financial Services LLC3,775$333.9K0.20%−33−0.9%Reduced
Kirtland Hills Capital Management, LLC3,723$329.3K0.13%+3,723New
PFG Investments, LLC3,696$326.9K0.02%−49−1.3%Reduced
Simplicity Wealth,LLC3,619$320.1K0.02%−2,591−41.7%Reduced
Dana Investment Advisors, Inc.3,616$319.8K0.01%−1,137−23.9%Reduced
Wakefield Asset Management LLLP3,603$318.7K0.09%00.0%Unchanged
Brookstone Capital Management3,592$317.7K0.00%+8+0.2%Added
Rakuten Investment Management, Inc.1,549$312.2K0.00%+1,549New
Cross Staff Investments Inc3,500$309.6K0.22%00.0%Unchanged
Davy Global Fund Management Ltd3,489$308.6K0.02%00.0%Unchanged
MQS Management LLC3,476$307.5K0.18%+3,476New
Brookwood Investment Group LLC3,462$306.2K0.04%+3,462New
Erste Asset Management GmbH3,443$305.4K0.00%−62,552−94.8%Reduced
Savvy Advisors, Inc.3,439$304.2K0.01%+3,439New
Steel Peak Wealth Management LLC3,438$304.1K0.01%−8−0.2%Reduced
MainStreet Investment Advisors LLC3,421$302.6K0.04%−150−4.2%Reduced
National Asset Management, Inc.3,414$302.0K0.01%−835−19.7%Reduced
Harbour Investments, Inc.3,413$301.9K0.01%+19+0.6%Added
Dakota Wealth Management3,365$297.6K0.01%−722−17.7%Reduced
Aptus Capital Advisors, LLC3,359$297.1K0.00%+804+31.5%Added
Allworth Financial LP3,339$295.4K0.00%+1,298+63.6%Added
CX Institutional3,336$295.0K0.01%−13−0.4%Reduced
Western Wealth Management, LLC3,333$294.8K0.02%+3,333New
Quarry LP3,309$292.7K0.07%+2,548+334.8%Added
Investors Research Corp3,300$291.9K0.05%−92−2.7%Reduced
Ledyard National Bank3,279$290.0K0.03%00.0%Unchanged
Mount Yale Investment Advisors, LLC3,243$286.8K0.02%−3,935−54.8%Reduced
Atomi Financial Group, Inc.3,242$286.7K0.01%+3,242New
Parkside Financial Bank & Trust3,241$286.7K0.02%+1,751+117.5%Added
Rothschild Investment LLC3,240$286.6K0.02%+2,329+255.7%Added
Strategic Investment Advisors3,229$285.6K0.03%−238−6.9%Reduced
SFMG, LLC3,228$285.5K0.02%+17+0.5%Added
GTS Securities LLC3,203$283.3K0.01%−125−3.8%Reduced
Redhawk Wealth Advisors, Inc.3,190$282.1K0.03%+3,190New
Claro Advisors LLC3,160$279.5K0.04%+55+1.8%Added
Anchor Investment Management, LLC3,148$278.4K0.02%00.0%Unchanged
IHT Wealth Management, LLC3,140$277.8K0.01%−26−0.8%Reduced
Dynamic Advisor Solutions LLC3,139$277.6K0.01%+139+4.6%Added
Hamilton Capital Partners Inc.3,128$276.7K0.01%−4,821−60.6%Reduced
Axq Capital, LP3,120$276.0K0.11%−2,936−48.5%Reduced
Mystic Asset Management, Inc.3,112$275.3K0.06%00.0%Unchanged
New World Advisors LLC3,105$274.6K0.05%+3+0.1%Added
Caxton Associates LLP3,094$273.7K0.01%−130−4.0%Reduced
Jump Financial, LLC3,068$271.4K0.00%+3,068New
Warren Averett Asset Management, LLC3,063$270.9K0.00%+3,063New
Delta Investment Management, LLC3,058$270.5K0.05%+242+8.6%Added
CAPROCK Group, Inc.2,844$269.4K0.01%+2,844New
Trust Co of Vermont3,043$269.2K0.01%00.0%Unchanged
Endowment Wealth Management, Inc.3,043$269.1K0.12%−27−0.9%Reduced
Howard Capital Management Inc.3,037$268.6K0.00%+56+1.9%Added
Summit Wealth Group LLC4,670$268.3K0.04%+4,670New
Skopos Labs, Inc.3,011$268.2K0.04%−11−0.4%Reduced
Carnegie Capital Asset Management, LLC3,000$265.4K0.01%−1,170−28.1%Reduced
Romano Brothers and Company3,000$265.4K0.03%00.0%Unchanged
Caldwell Sutter Capital, Inc.3,000$265.4K0.11%00.0%Unchanged
OneAscent Family Office, LLC3,000$265.4K0.22%+51+1.7%Added
Fruth Investment Management3,000$265.0K0.07%00.0%Unchanged
Fiduciary Family Office, LLC2,991$264.6K0.08%−1,602−34.9%Reduced
Harvest Fund Management Co., Ltd2,957$261.0K0.01%−182−5.8%Reduced
EntryPoint Capital, LLC2,946$260.6K0.10%−7,319−71.3%Reduced
CWA Asset Management Group, LLC2,932$259.3K0.01%+87+3.1%Added
HBK Sorce Advisory LLC2,893$259.3K0.01%+159+5.8%Added
Washington Trust Bank2,928$259.0K0.02%00.0%Unchanged
Weaver Consulting Group2,923$258.5K0.07%+10.0%Added
Patton Fund Management, Inc.2,922$258.5K0.05%00.0%Unchanged
Fukoku Mutual Life Insurance Co2,920$258.3K0.02%00.0%Unchanged
Ritholtz Wealth Management2,900$256.5K0.00%+2,900New
PDS Planning, Inc2,830$250.3K0.02%+133+4.9%Added
Peddock Capital Advisors, LLC2,829$250.2K0.05%00.0%Unchanged
Focus Financial Network, Inc.2,828$250.1K0.01%+2,828New
Fi3 FINANCIAL ADVISORS, LLC2,827$250.0K0.08%+204+7.8%Added
Virtu Financial LLC2,822$250.0K0.01%−17,090−85.8%Reduced
Full Sail Capital, LLC2,799$247.6K0.01%+2,799New
Central Trust Co2,789$246.7K0.01%−24−0.9%Reduced
Fortem Financial Group, LLC2,786$246.4K0.07%+2,786New
Vestmark Advisory Solutions, Inc.2,769$244.9K0.00%+2,769New
LGT Fund Management Co Ltd.2,810$244.2K0.02%00.0%Unchanged
Longboard Asset Management, LP2,753$243.5K0.39%00.0%Unchanged
Kingsview Wealth Management, LLC2,739$242.3K0.00%+67+2.5%Added
111 Capital2,739$242.3K0.05%−8,350−75.3%Reduced
One Degree Advisors Inc2,724$240.0K0.07%00.0%Unchanged
Petrus Trust Company, LTA2,711$239.8K0.03%+2,711New
Banco BTG Pactual S.A.2,700$238.8K0.03%−2,800−50.9%Reduced
Integrated Advisors Network LLC2,692$238.1K0.01%−23−0.8%Reduced
Premier Path Wealth Partners, LLC2,673$236.4K0.03%+2,673New