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 10 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, Q4 2025
Institutional positions in Nasdaq, Inc. as of Dec 31, 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
- 1,104
- +78 vs. Q3 2025
- Shares held
- 480.5M
- +6.96M (+1.5%) vs. Q3 2025
- Total value
- $46.7B
- +$4.80B (+11.5%) vs. Q3 2025
- New holders
- 169
- 432 more added
- Sold out
- 91
- 351 more reduced
21 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding Nasdaq, Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Vanguard Group Inc | 59,916,887 | $5.82B | 0.08% | +268,481+0.5% | Added |
| Investor AB | 58,182,426 | $5.65B | 99.60% | 00.0% | Unchanged |
| BlackRock, Inc. | 39,503,815 | $3.84B | 0.07% | −661,249−1.6% | Reduced |
| Wellington Management Group LLP | 37,659,824 | $3.66B | 0.64% | −2,143,068−5.4% | Reduced |
| Massachusetts Financial Services Co | 27,627,767 | $2.68B | 0.87% | +1,258,964+4.8% | Added |
| State Street Corp | 19,878,600 | $1.93B | 0.06% | +259,408+1.3% | Added |
| Geode Capital Management, LLC | 12,851,894 | $1.24B | 0.08% | +378,577+3.0% | Added |
| Franklin Resources Inc | 10,589,679 | $1.03B | 0.25% | +6,786+0.1% | Added |
| Morgan Stanley | 9,266,562 | $900.1M | 0.05% | +3,567,843+62.6% | Added |
| Bank of America Corp | 8,691,428 | $844.2M | 0.06% | +1,759,982+25.4% | Added |
| Harris Associates L PSuperinvestorHarris Associates (Oakmark) | 8,621,689 | $837.4M | 1.06% | +2,716,280+46.0% | Added |
| Nuveen, LLC | 6,073,271 | $589.9M | 0.15% | +2,736,322+82.0% | Added |
| Ameriprise Financial Inc | 5,662,037 | $550.9M | 0.12% | +1,7060.0% | Added |
| Goldman Sachs Group Inc | 5,507,265 | $534.9M | 0.08% | −286,308−4.9% | Reduced |
| Norges Bank | 5,457,639 | $530.1M | 0.06% | +5,457,639 | New |
| Invesco Ltd. | 5,369,264 | $521.5M | 0.05% | +324,743+6.4% | Added |
| Manufacturers Life Insurance Company, The | 4,662,676 | $452.9M | 0.37% | −405,600−8.0% | Reduced |
| Northern Trust Corp | 4,269,918 | $414.7M | 0.05% | +71,310+1.7% | Added |
| UBS Group AG | 3,849,407 | $373.9M | 0.07% | −319,375−7.7% | Reduced |
| Select Equity Group, L.P. | 3,752,757 | $364.5M | 1.69% | +782,105+26.3% | Added |
| UBS Asset Management Americas Inc | 3,698,538 | $359.2M | 0.08% | +169,318+4.8% | Added |
| FMR LLC | 3,294,111 | $320.0M | 0.02% | +1,437,479+77.4% | Added |
| Farallon Capital Management, L.L.C. | 2,989,213 | $290.3M | 1.51% | −633,830−17.5% | Reduced |
| Mariner, LLC | 2,875,927 | $279.3M | 0.33% | +71,249+2.5% | Added |
| Legal & General Group Plc | 2,855,235 | $277.3M | 0.06% | +45,783+1.6% | Added |
| Charles Schwab Investment Management Inc | 2,727,956 | $265.0M | 0.04% | +39,936+1.5% | Added |
| Neuberger Berman Group LLC | 2,694,180 | $261.7M | 0.19% | −39,950−1.5% | Reduced |
| American Century Companies Inc | 2,643,598 | $256.8M | 0.13% | +90,815+3.6% | Added |
| Bessemer Group Inc | 2,628,315 | $255.3M | 0.39% | −299,016−10.2% | Reduced |
| Dimensional Fund Advisors LP | 2,625,048 | $255.0M | 0.05% | +28,023+1.1% | Added |
| Winslow Capital Management, LLC | 2,568,537 | $250.5M | 0.84% | +2,568,537 | New |
| Amundi | 2,433,477 | $236.4M | 0.06% | −506,313−17.2% | Reduced |
| Bank of New York Mellon Corp | 2,263,644 | $219.9M | 0.04% | −411,283−15.4% | Reduced |
| Envestnet Asset Management Inc | 2,223,384 | $216.0M | 0.06% | −440,396−16.5% | Reduced |
| Principal Financial Group Inc | 2,209,502 | $214.6M | 0.11% | −129,319−5.5% | Reduced |
| Bank Julius Baer & Co. Ltd, Zurich | 2,095,629 | $204.0M | 0.56% | −92,557−4.2% | Reduced |
| AQR Capital Management LLC | 1,933,756 | $187.8M | 0.10% | −108,034−5.3% | Reduced |
| Deutsche Bank AG | 1,683,603 | $163.5M | 0.05% | +259,544+18.2% | Added |
| Lord, Abbett & Co. LLC | 1,654,190 | $160.7M | 0.49% | −29,927−1.8% | Reduced |
| JPMorgan Chase & Co | 1,565,629 | $152.1M | 0.01% | −2,556−0.2% | Reduced |
| Johnson Investment Counsel Inc | 1,555,679 | $151.1M | 1.24% | −21,448−1.4% | Reduced |
| Great West Life Assurance Co | 1,529,536 | $148.7M | 0.26% | −113,531−6.9% | Reduced |
| Two Sigma Investments, LP | 1,459,061 | $141.7M | 0.21% | −534,792−26.8% | Reduced |
| Liontrust Investment Partners LLP | 1,417,767 | $137.7M | 2.04% | −133,958−8.6% | Reduced |
| Robeco Institutional Asset Management B.V. | 1,417,204 | $137.7M | 0.20% | +171,333+13.8% | Added |
| Raymond James Financial Inc | 1,270,134 | $123.4M | 0.04% | +37,858+3.1% | Added |
| Barclays PLC | 1,245,999 | $121.0M | 0.05% | −1,198,040−49.0% | Reduced |
| SEI Investments Co | 1,233,129 | $119.8M | 0.12% | +881,028+250.2% | Added |
| HSBC Holdings PLC | 1,225,879 | $119.3M | 0.07% | −46,079−3.6% | Reduced |
| Man Group plc | 1,191,561 | $115.7M | 0.22% | −477,502−28.6% | Reduced |
| Flossbach Von Storch AG | 1,147,947 | $111.5M | 0.44% | +21,042+1.9% | Added |
| California Public Employees Retirement System | 1,127,685 | $109.5M | 0.06% | −101,882−8.3% | Reduced |
| BNP Paribas Arbitrage, SA | 1,063,278 | $103.3M | 0.07% | +26,185+2.5% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 1,057,649 | $102.7M | 0.06% | −91,765−8.0% | Reduced |
| Chevy Chase Trust Holdings, Inc. | 1,015,091 | $98.6M | 0.27% | −85,576−7.8% | Reduced |
| Wells Fargo & Company | 1,013,417 | $98.4M | 0.02% | +88,898+9.6% | Added |
| D. E. Shaw & Co., Inc. | 992,589 | $96.4M | 0.07% | −1,187,639−54.5% | Reduced |
| Mitsubishi UFJ Kokusai Asset Management Co., Ltd. | 965,988 | $93.4M | 0.06% | +89,340+10.2% | Added |
| Union Bancaire Privee, UBP SA | 962,068 | $91.3M | 1.52% | −80,326−7.7% | Reduced |
| Rhumbline Advisers | 937,598 | $91.1M | 0.07% | −5,180−0.5% | Reduced |
| Prudential Financial Inc | 936,424 | $91.0M | 0.11% | −814,259−46.5% | Reduced |
| Two Sigma Advisers, LP | 921,900 | $89.5M | 0.17% | −708,200−43.4% | Reduced |
| Lazard Asset Management LLC | 877,096 | $85.2M | 0.14% | −385,712−30.5% | Reduced |
| Handelsbanken Fonder AB | 868,905 | $84.4M | 0.25% | −169,423−16.3% | Reduced |
| Royal Bank of Canada | 837,412 | $81.3M | 0.01% | +194,763+30.3% | Added |
| Rockefeller Capital Management L.P. | 833,095 | $80.9M | 0.15% | +285,606+52.2% | Added |
| Prana Capital Management, LP | 815,963 | $79.3M | 2.88% | −421,720−34.1% | Reduced |
| Qube Research & Technologies Ltd | 795,592 | $77.3M | 0.11% | −1,363,964−63.2% | Reduced |
| Manning & Napier Advisors LLC | 780,977 | $76.7M | 1.00% | −80,687−9.4% | Reduced |
| Blair William & Co | 759,873 | $73.8M | 0.20% | +143,251+23.2% | Added |
| Stony Point Capital LLC | 735,705 | $71.5M | 5.27% | +18,484+2.6% | Added |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 729,550 | $70.9M | 0.08% | +343,335+88.9% | Added |
| Natixis Advisors, L.P. | 717,872 | $69.7M | 0.10% | +48,286+7.2% | Added |
| STRS Ohio | 709,947 | $69.0M | 0.26% | +102,586+16.9% | Added |
| Eventide Asset Management, LLC | 707,048 | $68.8M | 1.07% | +32,406+4.8% | Added |
| National Pension Service | 673,919 | $65.5M | 0.05% | +68,368+11.3% | Added |
| Munich Reinsurance Co Stock Corp in Munich | 666,027 | $65.4M | 1.59% | +15,661+2.4% | Added |
| California State Teachers Retirement System | 672,111 | $65.3M | 0.07% | +40,236+6.4% | Added |
| Price T Rowe Associates Inc | 655,305 | $63.6M | 0.01% | −3,650−0.6% | Reduced |
| Squarepoint Ops LLC | 647,592 | $62.9M | 0.13% | +338,813+109.7% | Added |
| Universal- Beteiligungs- und Servicegesellschaft mbH | 624,836 | $60.9M | 0.10% | +5,119+0.8% | Added |
| Adage Capital Partners GP, L.L.C. | 593,947 | $57.7M | 0.09% | +4,600+0.8% | Added |
| Vaughan Nelson Investment Management, L.P. | 590,559 | $57.4M | 0.56% | +210,815+55.5% | Added |
| Gillson Capital LP | 589,384 | $57.2M | 3.75% | +589,384 | New |
| Panagora Asset Management Inc | 582,464 | $56.6M | 0.20% | +383,217+192.3% | Added |
| Mackenzie Financial Corp | 577,346 | $56.6M | 0.07% | +145,272+33.6% | Added |
| Korea Investment CORP | 564,126 | $54.8M | 0.11% | +128,466+29.5% | Added |
| Voloridge Investment Management, LLC | 555,158 | $53.9M | 0.19% | −511,080−47.9% | Reduced |
| First Trust Advisors LP | 553,763 | $53.8M | 0.04% | −112,606−16.9% | Reduced |
| Shapiro Capital Management LLC | 538,618 | $52.3M | 2.76% | −35,167−6.1% | Reduced |
| Artisan Partners Limited Partnership | 537,103 | $52.2M | 0.08% | −8,954−1.6% | Reduced |
| Canada Pension Plan Investment Board | 534,846 | $51.9M | 0.03% | −33,615−5.9% | Reduced |
| Trexquant Investment LP | 522,875 | $50.8M | 0.45% | +23,724+4.8% | Added |
| Point72 Asset Management, L.P. | 522,423 | $50.7M | 0.08% | +466,240+829.9% | Added |
| Dundas Partners LLP | 521,726 | $50.7M | 3.57% | −8,557−1.6% | Reduced |
| Citadel Advisors LLC | 516,718 | $50.2M | 0.03% | −1,568,373−75.2% | Reduced |
| Raiffeisen Bank International AG | 511,176 | $50.2M | 0.65% | +63,215+14.1% | Added |
| LPL Financial LLC | 516,285 | $50.1M | 0.01% | −39,881−7.2% | Reduced |
| Burkehill Global Management, LP | 500,000 | $48.6M | 3.20% | 00.0% | Unchanged |
| Seven Grand Managers, LLC | 500,000 | $48.6M | 3.70% | 00.0% | Unchanged |