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, 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 |
|---|---|---|---|---|---|
| Polar Asset Management Partners Inc. | 133,164 | $12.9M | 0.26% | −85,100−39.0% | Reduced |
| ABN AMRO Bank N.V. | 133,270 | $12.9M | 0.12% | +115+0.1% | Added |
| FourThought Financial Partners, LLC | 133,843 | $13.0M | 1.10% | +1,191+0.9% | Added |
| Andra AP-fonden | 134,200 | $13.0M | 0.16% | −22,100−14.1% | Reduced |
| Public Employees Retirement System of Ohio | 136,293 | $13.2M | 0.04% | −2,508−1.8% | Reduced |
| Rafferty Asset Management, LLC | 137,609 | $13.4M | 0.05% | −13,258−8.8% | Reduced |
| Vancity Investment Management Ltd | 138,295 | $13.4M | 1.83% | −2,286−1.6% | Reduced |
| Hudson Bay Capital Management LP | 141,369 | $13.7M | 0.08% | −134,295−48.7% | Reduced |
| Glenmede Trust Co NA | 142,174 | $13.8M | 0.07% | +142,174 | New |
| Resona Asset Management Co.,Ltd. | 141,978 | $13.8M | 0.07% | +774+0.5% | Added |
| Lansforsakringar Fondforvaltning AB (publ) | 144,713 | $14.1M | 0.07% | +1,350+0.9% | Added |
| KBC Group NV | 147,073 | $14.3M | 0.03% | +10,204+7.5% | Added |
| State of New Jersey Common Pension Fund D | 148,955 | $14.5M | 0.05% | +1,392+0.9% | Added |
| Janus Henderson Group PLC | 149,094 | $14.5M | 0.01% | +914+0.6% | Added |
| State of Tennessee, Treasury Department | 150,214 | $14.6M | 0.05% | +17,752+13.4% | Added |
| Daiwa Securities Group Inc. | 151,127 | $14.7M | 0.05% | −19,898−11.6% | Reduced |
| Ieq Capital, LLC | 151,152 | $14.7M | 0.04% | +8,619+6.0% | Added |
| SG Americas Securities, LLC | 153,170 | $14.9M | 0.02% | +105,438+220.9% | Added |
| Raub Brock Capital Management LP | 153,421 | $14.9M | 3.32% | −3,343−2.1% | Reduced |
| Cary Street Partners Financial LLC | 155,423 | $15.1M | 0.37% | −1,369−0.9% | Reduced |
| Natixis | 156,856 | $15.2M | 0.06% | −2,767−1.7% | Reduced |
| Quantinno Capital Management LP | 157,073 | $15.3M | 0.03% | +45,027+40.2% | Added |
| Allianz Asset Management GmbH | 159,262 | $15.5M | 0.02% | −28,269−15.1% | Reduced |
| TD Asset Management Inc | 159,466 | $15.5M | 0.01% | +5,448+3.5% | Added |
| First Fiduciary Investment Counsel, Inc. | 160,532 | $15.6M | 3.02% | +3,361+2.1% | Added |
| Swiss Life Asset Management Ltd | 162,837 | $15.8M | 0.08% | +11,939+7.9% | Added |
| Mn Services Vermogensbeheer B.V. | 165,382 | $16.1M | 0.10% | +2,182+1.3% | Added |
| Assenagon Asset Management S.A. | 165,499 | $16.1M | 0.02% | −154,175−48.2% | Reduced |
| Frontier Capital Management Co LLC | 166,839 | $16.2M | 0.17% | −179,974−51.9% | Reduced |
| Comerica Bank | 171,315 | $16.6M | 0.07% | +7,455+4.5% | Added |
| GHP Investment Advisors, Inc. | 175,489 | $17.0M | 0.70% | +7,627+4.5% | Added |
| Nomura Asset Management Co Ltd | 177,108 | $17.2M | 0.04% | +13,312+8.1% | Added |
| Baird Financial Group, Inc. | 184,515 | $17.9M | 0.03% | +17,556+10.5% | Added |
| CIBC Asset Management Inc | 185,484 | $18.0M | 0.04% | +48,244+35.2% | Added |
| Varma Mutual Pension Insurance Co | 187,376 | $18.2M | 0.11% | +14,500+8.4% | Added |
| Royal London Asset Management Ltd | 187,856 | $18.2M | 0.04% | −1,429−0.8% | Reduced |
| Cetera Investment Advisers | 187,917 | $18.3M | 0.02% | +8,993+5.0% | Added |
| Nomura Asset Management International Inc. | 189,617 | $18.4M | 0.03% | +189,617 | New |
| Treasurer of the State of North Carolina | 189,723 | $18.4M | 0.06% | +4,304+2.3% | Added |
| Baltimore-Washington Financial Advisors, Inc. | 193,874 | $18.8M | 0.78% | −2,318−1.2% | Reduced |
| APG Asset Management N.V. | 233,968 | $19.3M | 0.05% | −23,432−9.1% | Reduced |
| Toronto Dominion Bank | 199,614 | $19.4M | 0.03% | −111,004−35.7% | Reduced |
| Pinebridge Investments LLC | 200,810 | $19.5M | 0.14% | +200,810 | New |
| Mitsubishi UFJ Trust & Banking Corp | 200,820 | $19.5M | 0.05% | +6,316+3.2% | Added |
| Cerity Partners LLC | 200,932 | $19.5M | 0.03% | +51,328+34.3% | Added |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 206,162 | $20.0M | 0.04% | −21,980−9.6% | Reduced |
| Mercer Global Advisors Inc | 210,727 | $20.4M | 0.03% | +45,705+27.7% | Added |
| Asset Management One Co.,Ltd. | 207,344 | $20.5M | 0.06% | +9,567+4.8% | Added |
| Zacks Investment Management | 225,703 | $21.9M | 0.17% | −2,682−1.2% | Reduced |
| Victory Capital Management Inc | 233,814 | $22.7M | 0.01% | −4,839−2.0% | Reduced |
| KLP Kapitalforvaltning AS | 234,584 | $22.8M | 0.09% | +9,900+4.4% | Added |
| State of Wisconsin Investment Board | 237,775 | $23.1M | 0.05% | −47,365−16.6% | Reduced |
| Voya Investment Management LLC | 238,729 | $23.2M | 0.02% | +25,837+12.1% | Added |
| The PNC Financial Services Group, Inc. | 239,319 | $23.2M | 0.01% | +13,288+5.9% | Added |
| Walleye Capital LLC | 240,674 | $23.4M | 0.13% | −314,717−56.7% | Reduced |
| United Capital Financial Advisers, LLC | 253,707 | $24.6M | 0.15% | −17,344−6.4% | Reduced |
| Balyasny Asset Management LLC | 262,345 | $25.5M | 0.05% | −892,498−77.3% | Reduced |
| National Bank of Canada | 263,092 | $25.6M | 0.03% | −30,265−10.3% | Reduced |
| Nordea Investment Management AB | 264,097 | $25.8M | 0.02% | −75,410−22.2% | Reduced |
| Storebrand Asset Management AS | 267,674 | $26.0M | 0.07% | −5,609−2.1% | Reduced |
| McRae Capital Management Inc | 269,375 | $26.2M | 5.34% | −9,882−3.5% | Reduced |
| Capital World Investors | 273,996 | $26.6M | 0.00% | +2,064+0.8% | Added |
| Tudor Investment Corp Et Al | 277,000 | $26.9M | 0.15% | +231,304+506.2% | Added |
| New York State Common Retirement Fund | 281,486 | $27.3M | 0.04% | −132,672−32.0% | Reduced |
| Interval Partners, LP | 289,687 | $28.1M | 0.66% | +211,707+271.5% | Added |
| Pictet Asset Management Holding SA | 300,499 | $29.2M | 0.03% | +15,097+5.3% | Added |
| HighTower Advisors, LLC | 307,185 | $29.8M | 0.03% | +43,261+16.4% | Added |
| Dearborn Partners LLC | 311,111 | $30.2M | 1.51% | −12,632−3.9% | Reduced |
| Commerce Bank | 311,351 | $30.2M | 0.17% | −1,069−0.3% | Reduced |
| CI Private Wealth, LLC | 309,948 | $30.3M | 0.04% | −9,640−3.0% | Reduced |
| Foster Victor Wealth Advisors, LLC | 302,655 | $30.6M | 1.78% | +21,478+7.6% | Added |
| Standard Life Aberdeen plc | 321,602 | $31.2M | 0.05% | −2,494−0.8% | Reduced |
| New York State Teachers Retirement System | 322,283 | $31.3M | 0.06% | −920.0% | Reduced |
| Public Employees Retirement Association of Colorado | 329,987 | $32.1M | 0.12% | 00.0% | Unchanged |
| Susquehanna Fundamental Investments, LLC | 330,438 | $32.1M | 1.09% | +271,302+458.8% | Added |
| Thrivent Financial for Lutherans | 332,973 | $32.4M | 0.06% | −121,408−26.7% | Reduced |
| State Board of Administration of Florida Retirement System | 336,025 | $32.6M | 0.06% | −25,645−7.1% | Reduced |
| Gotham Asset Management, LLC | 339,358 | $33.0M | 0.12% | +13,163+4.0% | Added |
| Schonfeld Strategic Advisors LLC | 343,667 | $33.4M | 0.17% | +213,842+164.7% | Added |
| Campbell Newman Asset Management Inc | 344,191 | $33.4M | 2.45% | +2,387+0.7% | Added |
| Truist Financial Corp | 347,451 | $33.7M | 0.05% | −25,512−6.8% | Reduced |
| Sterling Capital Management LLC | 348,515 | $33.9M | 0.55% | −131,766−27.4% | Reduced |
| Danske Bank A/S | 348,622 | $33.9M | 0.08% | +31,377+9.9% | Added |
| MKP Capital Management, L.L.C. | 350,000 | $34.0M | 1.21% | +350,000 | New |
| Pathstone Holdings, LLC | 355,002 | $34.5M | 0.13% | +18,446+5.5% | Added |
| Jefferies Financial Group Inc. | 356,265 | $34.6M | 0.28% | +272,064+323.1% | Added |
| Bank of Nova Scotia | 362,842 | $35.2M | 0.05% | −18,731−4.9% | Reduced |
| Aviva PLC | 362,961 | $35.3M | 0.06% | +21,727+6.4% | Added |
| Citigroup Inc | 366,326 | $35.6M | 0.02% | +19,027+5.5% | Added |
| Braun Stacey Associates Inc | 375,659 | $36.5M | 1.18% | −1,095−0.3% | Reduced |
| Bank of Montreal | 380,286 | $36.9M | 0.02% | −457,511−54.6% | Reduced |
| LGT Capital Partners Ltd. | 385,232 | $37.4M | 1.86% | −94,436−19.7% | Reduced |
| Millennium Management LLC | 388,906 | $37.8M | 0.03% | +46,024+13.4% | Added |
| Credit Agricole S A | 395,327 | $38.4M | 0.11% | −81,763−17.1% | Reduced |
| Worldquant Millennium Advisors LLC | 401,968 | $39.0M | 0.15% | +309,107+332.9% | Added |
| Stifel Financial Corp | 409,928 | $39.8M | 0.04% | +63,612+18.4% | Added |
| La Banque Postale Asset Management SA | 427,955 | $41.6M | 0.48% | −109,509−20.4% | Reduced |
| Evelyn Partners Investment Management LLP | 430,244 | $41.8M | 1.15% | +13,908+3.3% | Added |
| NorthCrest Asset Manangement, LLC | 446,694 | $44.0M | 0.98% | +4,551+1.0% | Added |
| Russell Investments Group, Ltd. | 452,554 | $44.0M | 0.05% | +151,689+50.4% | Added |