Skip to main content

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
Advisory Alpha, LLC2,688$234.9K0.01%−439−14.0%Reduced
Ted Buchan & Co2,613$231.1K0.09%00.0%Unchanged
Claret Asset Management Corp2,604$230.0K0.03%−37−1.4%Reduced
Great Lakes Advisors, LLC2,597$229.7K0.00%+2,597New
Conning Inc.2,587$228.8K0.01%00.0%Unchanged
Redwood Financial Network Corp2,584$228.5K0.14%−147−5.4%Reduced
Avidian Wealth Solutions, LLC2,580$228.2K0.01%+80+3.2%Added
Transcend Wealth Collective, LLC2,580$228.2K0.02%+2,580New
Isthmus Partners, LLC2,550$225.5K0.05%00.0%Unchanged
Kingswood Wealth Advisors, LLC2,545$225.1K0.01%−21−0.8%Reduced
Beacon Pointe Advisors, LLC2,531$223.9K0.00%−1,983−43.9%Reduced
Westpac Banking Corp2,524$223.2K0.01%00.0%Unchanged
Ninepoint Partners LP2,516$222.5K0.03%+2,516New
Jackson Thornton Asset Management, LLC2,468$221.8K0.02%+2,468New
Orgel Wealth Management, LLC2,505$221.6K0.01%00.0%Unchanged
Miracle Mile Advisors, LLC2,498$221.0K0.00%+2,498New
Wesbanco Bank Inc2,492$220.4K0.01%+9+0.4%Added
Harmony Asset Management LLC2,485$219.8K0.08%00.0%Unchanged
Rakuten Securities, Inc.2,477$219.1K0.08%+2,106+567.7%Added
Accurate Wealth Management, LLC2,422$216.9K0.03%+2,422New
Perennial Investment Advisors, LLC2,417$213.7K0.02%−300−11.0%Reduced
QSV Equity Investors LLC2,414$213.5K0.22%−123−4.8%Reduced
Alpha Cubed Investments, LLC2,414$213.5K0.01%+100+4.3%Added
Smartleaf Asset Management LLC2,398$212.7K0.01%+1,106+85.6%Added
Alpha Family Trust2,400$212.3K0.10%00.0%Unchanged
Pinnacle Wealth Planning Services, Inc.2,378$210.3K0.02%+5+0.2%Added
Allegheny Financial Group LTD2,361$208.8K0.04%−7−0.3%Reduced
Waddell & Associates, LLC2,360$208.7K0.02%+2,360New
Relyea Zuckerberg Hanson LLC2,357$208.5K0.02%00.0%Unchanged
Keel Point, LLC2,349$207.8K0.01%+2,349New
Brown Advisory Inc2,347$207.6K0.00%−202−7.9%Reduced
BSW Wealth Partners2,336$206.6K0.03%+2,336New
Grant Private Wealth Management Inc2,327$205.8K0.13%+2,327New
Genesis Private Wealth, LLC2,293$202.8K0.09%−109−4.5%Reduced
Cerro Pacific Wealth Advisors LLC2,284$202.1K0.06%−42−1.8%Reduced
Penserra Capital Management LLC2,296$202.0K0.00%−302−11.6%Reduced
L2 Asset Management, LLC2,275$201.2K0.03%+2,275New
Gries Financial LLC2,271$200.9K0.03%+2,271New
State of Wyoming2,097$185.5K0.02%−211−9.1%Reduced
Ancora Advisors, LLC2,036$180.1K0.00%00.0%Unchanged
Quent Capital, LLC1,926$170.4K0.01%+1,926New
South State Corp.1,846$163.3K0.01%+52+2.9%Added
Smithfield Trust Co1,835$162.0K0.01%+978+114.1%Added
Wolff Wiese Magana LLC1,768$156.4K0.09%00.0%Unchanged
ORG Wealth Partners, LLC1,634$144.5K0.03%+522+46.9%Added
Larson Financial Group LLC1,631$144.3K0.01%+96+6.3%Added
Cheviot Value Management, LLC1,638$144.1K0.02%00.0%Unchanged
Umb Bank N A1,547$136.8K0.00%+78+5.3%Added
Trust Co of Toledo NA1,525$134.9K0.01%00.0%Unchanged
Global Retirement Partners, LLC1,479$130.9K0.00%+275+22.8%Added
Peoples Financial Services Corp.1,479$130.8K0.06%+1,479New
NBC Securities, Inc.1,418$125.4K0.01%−21−1.5%Reduced
Lavaca Capital LLC1,400$123.8K0.02%00.0%Unchanged
Covestor Ltd1,347$119.0K0.07%+638+90.0%Added
Missouri Trust & Investment Co1,330$117.6K0.03%−200−13.1%Reduced
Ronald Blue Trust, Inc.1,177$104.1K0.00%00.0%Unchanged
Sentry Investment Management LLC1,121$101.0K0.07%−196−14.9%Reduced
TCTC Holdings, LLC1,134$100.3K0.00%00.0%Unchanged
Bayforest Capital Ltd1,134$100.3K0.05%+717+171.9%Added
Financial Network Wealth Advisors LLC1,131$100.1K0.11%+89+8.5%Added
Compagnie Lombard Odier SCmA1,108$98.0K0.00%+1,108New
Zions Bancorporation, National Association1,101$97.4K0.00%+500+83.2%Added
Avalon Trust Co1,100$97.3K0.01%+1,100New
TD Private Client Wealth LLC1,080$95.5K0.00%+35+3.3%Added
Cromwell Holdings LLC1,068$94.5K0.05%00.0%Unchanged
Aster Capital Management (DIFC) Ltd1,065$94.2K0.05%+1,065New
J.Safra Asset Management Corp1,062$93.9K0.01%−838−44.1%Reduced
Osterweis Capital Management Inc1,000$88.5K0.00%00.0%Unchanged
Onefund, LLC917$81.1K0.05%+33+3.7%Added
Golden State Wealth Management, LLC909$80.4K0.01%00.0%Unchanged
Atlantic Union Bankshares Corp904$80.0K0.00%+904New
TruNorth Capital Management, LLC900$79.6K0.02%00.0%Unchanged
Whittier Trust Co900$78.8K0.00%00.0%Unchanged
Catalyst Capital Advisors LLC869$76.9K0.00%+416+91.8%Added
Clear Street Markets LLC783$69.3K0.02%+505+181.7%Added
True Wealth Design, LLC764$67.6K0.02%+168+28.2%Added
CoreCap Advisors, LLC738$65.3K0.00%+83+12.7%Added
Whittier Trust Co of Nevada Inc720$63.1K0.00%00.0%Unchanged
Private Wealth Asset Management, LLC710$62.8K0.01%00.0%Unchanged
Root Financial Partners, LLC694$61.4K0.00%+694New
Caldwell Trust Co687$60.8K0.01%00.0%Unchanged
Steigerwald, Gordon & Koch Inc.675$59.7K0.01%+675New
Wiser Advisor Group LLC650$57.5K0.07%+650New
LRI Investments, LLC597$52.8K0.00%−128−17.7%Reduced
Ameritas Advisory Services, LLC589$52.1K0.00%−211−26.4%Reduced
REAP Financial Group, LLC579$51.2K0.01%+307+112.9%Added
Quest Partners LLC569$50.3K0.00%−25,341−97.8%Reduced
Murphy & Mullick Capital Management Corp551$48.7K0.04%00.0%Unchanged
Community Bank, N.A.509$45.0K0.01%+509New
United Community Bank506$44.8K0.01%00.0%Unchanged
Bellevue Asset Management, LLC504$44.6K0.02%00.0%Unchanged
New Millennium Group LLC502$44.4K0.02%00.0%Unchanged
Central Pacific Bank - Trust Division474$41.9K0.01%00.0%Unchanged
Independence Bank of Kentucky450$39.8K0.01%00.0%Unchanged
Twin Lakes Capital Management, LLC450$39.8K0.02%00.0%Unchanged
Towarzystwo Funduszy Inwestycyjnych Pzu SA450$39.8K0.01%00.0%Unchanged
Hilltop National Bank436$38.6K0.01%−780−64.1%Reduced
Annis Gardner Whiting Capital Advisors, LLC427$37.8K0.01%+18+4.4%Added
Salem Investment Counselors Inc411$36.4K0.00%−15−3.5%Reduced
Capital Advisors, Ltd. LLC407$36.0K0.00%00.0%Unchanged