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 |
|---|---|---|---|---|---|
| Wellington Management Group LLP | 37,659,824 | $3.66B | 0.64% | −2,143,068−5.4% | Reduced |
| BlackRock, Inc. | 39,503,815 | $3.84B | 0.07% | −661,249−1.6% | Reduced |
| Investor AB | 58,182,426 | $5.65B | 99.60% | 00.0% | Unchanged |
| Vanguard Group Inc | 59,916,887 | $5.82B | 0.08% | +268,481+0.5% | Added |
| Diamond Hill Capital Management Inc | 0 | $0 | 0.00% | −898,678−100.0% | Sold out |
| Renaissance Technologies LLC | 0 | $0 | 0.00% | −778,300−100.0% | Sold out |
| Twinbeech Capital LP | 0 | $0 | 0.00% | −281,235−100.0% | Sold out |
| Ghisallo Capital Management LLC | 0 | $0 | 0.00% | −250,000−100.0% | Sold out |
| Capitolis Liquid Global Markets LLC | 0 | $0 | 0.00% | −244,152−100.0% | Sold out |
| Marshall Wace, LLP | 0 | $0 | 0.00% | −185,914−100.0% | Sold out |
| Cinctive Capital Management LP | 0 | $0 | 0.00% | −77,579−100.0% | Sold out |
| Acadian Asset Management LLC | 0 | $0 | 0.00% | −72,148−100.0% | Sold out |
| Lynwood Price Capital Management LP | 0 | $0 | 0.00% | −60,000−100.0% | Sold out |
| Quantbot Technologies LP | 0 | $0 | 0.00% | −52,273−100.0% | Sold out |
| Sciencast Management LP | 0 | $0 | 0.00% | −49,873−100.0% | Sold out |
| Campbell & CO Investment Adviser LLC | 0 | $0 | 0.00% | −40,941−100.0% | Sold out |
| XTX Topco Ltd | 0 | $0 | 0.00% | −38,587−100.0% | Sold out |
| Oak Thistle LLC | 0 | $0 | 0.00% | −34,558−100.0% | Sold out |
| Parkwood LLC | 0 | $0 | 0.00% | −32,600−100.0% | Sold out |
| Empowered Funds, LLC | 0 | $0 | 0.00% | −32,534−100.0% | Sold out |
| Aquatic Capital Management LLC | 0 | $0 | 0.00% | −31,458−100.0% | Sold out |
| Brevan Howard Capital Management LP | 0 | $0 | 0.00% | −30,248−100.0% | Sold out |
| Stance Capital LLC | 0 | $0 | 0.00% | −27,524−100.0% | Sold out |
| Lecap Asset Management Ltd | 0 | $0 | 0.00% | −26,510−100.0% | Sold out |
| J. Safra Sarasin Holding AG | 0 | $0 | 0.00% | −26,178−100.0% | Sold out |
| Aigen Investment Management, LP | 0 | $0 | 0.00% | −26,011−100.0% | Sold out |
| Dynamic Technology Lab Private Ltd | 0 | $0 | 0.00% | −20,548−100.0% | Sold out |
| Magnetar Financial LLC | 0 | $0 | 0.00% | −19,827−100.0% | Sold out |
| Qsemble Capital Management, LP | 0 | $0 | 0.00% | −18,603−100.0% | Sold out |
| Jain Global LLC | 0 | $0 | 0.00% | −17,920−100.0% | Sold out |
| Thompson Siegel & Walmsley LLC | 0 | $0 | 0.00% | −17,500−100.0% | Sold out |
| IPG Investment Advisors LLC | 0 | $0 | 0.00% | −17,003−100.0% | Sold out |
| iA Global Asset Management Inc. | 0 | $0 | 0.00% | −16,787−100.0% | Sold out |
| Capstone Investment Advisors, LLC | 0 | $0 | 0.00% | −15,476−100.0% | Sold out |
| Ossiam | 0 | $0 | 0.00% | −15,379−100.0% | Sold out |
| Capital Fund Management S.A. | 0 | $0 | 0.00% | −14,209−100.0% | Sold out |
| Alyeska Investment Group, L.P. | 0 | $0 | 0.00% | −13,771−100.0% | Sold out |
| Ci Investments Inc. | 0 | $0 | 0.00% | −13,404−100.0% | Sold out |
| Fieldview Capital Management, LLC | 0 | $0 | 0.00% | −11,582−100.0% | Sold out |
| Boothbay Fund Management, LLC | 0 | $0 | 0.00% | −11,479−100.0% | Sold out |
| Bellwether Advisors, LLC | 0 | $0 | 0.00% | −10,824−100.0% | Sold out |
| USA Financial Portformulas Corp | 0 | $0 | 0.00% | −10,665−100.0% | Sold out |
| Brighton Jones LLC | 0 | $0 | 0.00% | −10,331−100.0% | Sold out |
| Integrated Quantitative Investments LLC | 0 | $0 | 0.00% | −9,860−100.0% | Sold out |
| Sherbrooke Park Advisers LLC | 0 | $0 | 0.00% | −9,380−100.0% | Sold out |
| Insight Wealth Partners, LLC | 0 | $0 | 0.00% | −6,999−100.0% | Sold out |
| Sienna Gestion | 0 | $0 | 0.00% | −7,086−100.0% | Sold out |
| Stevens Capital Management LP | 0 | $0 | 0.00% | −6,138−100.0% | Sold out |
| CenterBook Partners LP | 0 | $0 | 0.00% | −5,866−100.0% | Sold out |
| Element Capital Management LLC | 0 | $0 | 0.00% | −5,636−100.0% | Sold out |
| Glenview Trust Co | 0 | $0 | 0.00% | −5,229−100.0% | Sold out |
| Meiji Yasuda Life Insurance Co | 0 | $0 | 0.00% | −5,198−100.0% | Sold out |
| Pitcairn Co | 0 | $0 | 0.00% | −4,943−100.0% | Sold out |
| Atom Investors LP | 0 | $0 | 0.00% | −4,497−100.0% | Sold out |
| PEAK6 LLC | 0 | $0 | 0.00% | −4,034−100.0% | Sold out |
| Wakefield Asset Management LLLP | 0 | $0 | 0.00% | −3,603−100.0% | Sold out |
| MQS Management LLC | 0 | $0 | 0.00% | −3,476−100.0% | Sold out |
| Brookwood Investment Group LLC | 0 | $0 | 0.00% | −3,462−100.0% | Sold out |
| Redhawk Wealth Advisors, Inc. | 0 | $0 | 0.00% | −3,190−100.0% | Sold out |
| Caxton Associates LLP | 0 | $0 | 0.00% | −3,094−100.0% | Sold out |
| CAPROCK Group, Inc. | 0 | $0 | 0.00% | −2,844−100.0% | Sold out |
| Summit Wealth Group LLC | 0 | $0 | 0.00% | −4,670−100.0% | Sold out |
| EntryPoint Capital, LLC | 0 | $0 | 0.00% | −2,946−100.0% | Sold out |
| Virtu Financial LLC | 0 | $0 | 0.00% | −2,822−100.0% | Sold out |
| 111 Capital | 0 | $0 | 0.00% | −2,739−100.0% | Sold out |
| One Degree Advisors Inc | 0 | $0 | 0.00% | −2,724−100.0% | Sold out |
| Petrus Trust Company, LTA | 0 | $0 | 0.00% | −2,711−100.0% | Sold out |
| Miracle Mile Advisors, LLC | 0 | $0 | 0.00% | −2,498−100.0% | Sold out |
| State of Wyoming | 0 | $0 | 0.00% | −2,097−100.0% | Sold out |
| Compagnie Lombard Odier SCmA | 0 | $0 | 0.00% | −1,108−100.0% | Sold out |
| Avalon Trust Co | 0 | $0 | 0.00% | −1,100−100.0% | Sold out |
| Aster Capital Management (DIFC) Ltd | 0 | $0 | 0.00% | −1,065−100.0% | Sold out |
| TruNorth Capital Management, LLC | 0 | $0 | 0.00% | −900−100.0% | Sold out |
| Ameritas Advisory Services, LLC | 0 | $0 | 0.00% | −589−100.0% | Sold out |
| Hilltop National Bank | 0 | $0 | 0.00% | −436−100.0% | Sold out |
| Salem Investment Counselors Inc | 0 | $0 | 0.00% | −411−100.0% | Sold out |
| West Branch Capital LLC | 0 | $0 | 0.00% | −323−100.0% | Sold out |
| Rise Advisors, LLC | 0 | $0 | 0.00% | −266−100.0% | Sold out |
| Reyes Financial Architecture, Inc. | 0 | $0 | 0.00% | −264−100.0% | Sold out |
| JPL Wealth Management, LLC | 0 | $0 | 0.00% | −225−100.0% | Sold out |
| Archer Investment Corp | 0 | $0 | 0.00% | −156−100.0% | Sold out |
| Pathway Financial Advisers, LLC | 0 | $0 | 0.00% | −151−100.0% | Sold out |
| Tortoise Investment Management, LLC | 0 | $0 | 0.00% | −127−100.0% | Sold out |
| Marshall & Sterling Wealth Advisors Inc. | 0 | $0 | 0.00% | −103−100.0% | Sold out |
| Palisade Asset Management, LLC | 0 | $0 | 0.00% | −67−100.0% | Sold out |
| Trifecta Capital Advisors, LLC | 0 | $0 | 0.00% | −66−100.0% | Sold out |
| Cloud Capital Management, LLC | 0 | $0 | 0.00% | −60−100.0% | Sold out |
| Heartwood Wealth Advisors LLC | 0 | $0 | 0.00% | −41−100.0% | Sold out |
| Painted Porch Advisors LLC | 0 | $0 | 0.00% | −41−100.0% | Sold out |
| Advanced Portfolio Management, LLC | 0 | $0 | 0.00% | −28−100.0% | Sold out |
| Beaird Harris Wealth Management, LLC | 0 | $0 | 0.00% | −14−100.0% | Sold out |
| Strengthening Families & Communities, LLC | 0 | $0 | 0.00% | −11−100.0% | Sold out |
| Atlantic Trust, LLC | 0 | $0 | 0.00% | −9−100.0% | Sold out |
| Hurley Capital, LLC | 0 | $0 | 0.00% | −5−100.0% | Sold out |
| GPS Wealth Strategies Group, LLC | 0 | $0 | 0.00% | −5−100.0% | Sold out |
| Cubist Systematic Strategies, LLC | – | – | – | – | Not filed |
| Pinebridge Investments, L.P. | – | – | – | – | Not filed |
| Point72 Europe (London) LLP | – | – | – | – | Not filed |
| Glenmede Investment Management, LP | – | – | – | – | Not filed |
| AXA Investment Managers S.A. | – | – | – | – | Not filed |