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 |
|---|---|---|---|---|---|
| Apollon Wealth Management, LLC | 13,332 | $1.29M | 0.02% | +1,264+10.5% | Added |
| Guinness Asset Management LTD | 13,104 | $1.30M | 0.02% | +2,876+28.1% | Added |
| Park Avenue Securities LLC | 13,384 | $1.30M | 0.01% | +1,561+13.2% | Added |
| Martingale Asset Management L P | 13,399 | $1.30M | 0.03% | −513−3.7% | Reduced |
| Canada Post Corp Registered Pension Plan | 13,437 | $1.31M | 0.05% | −1,590−10.6% | Reduced |
| Hartford Funds Management Co LLC | 13,521 | $1.31M | 0.11% | +5,994+79.6% | Added |
| Picton Mahoney Asset Management | 13,531 | $1.31M | 0.01% | +13,531 | New |
| Copeland Capital Management, LLC | 13,536 | $1.31M | 0.03% | −374−2.7% | Reduced |
| Martin Capital Advisors, LLP | 13,580 | $1.32M | 0.77% | 00.0% | Unchanged |
| HB Wealth Management, LLC | 13,828 | $1.34M | 0.01% | +604+4.6% | Added |
| Clark Capital Management Group, Inc. | 13,908 | $1.35M | 0.01% | 00.0% | Unchanged |
| Entropy Technologies, LP | 13,921 | $1.35M | 0.07% | −34,510−71.3% | Reduced |
| North Dakota State Investment Board | 14,106 | $1.37M | 0.05% | +14,106 | New |
| Harmony Asset Management LLC | 14,290 | $1.39M | 0.47% | +11,805+475.1% | Added |
| Landscape Capital Management, L.L.C. | 14,333 | $1.39M | 0.09% | +14,333 | New |
| Everhart Financial Group, Inc. | 14,345 | $1.39M | 0.13% | +5,789+67.7% | Added |
| Vestmark Advisory Solutions, Inc. | 14,406 | $1.40M | 0.02% | +11,637+420.3% | Added |
| Tower Research Capital LLC (TRC) | 14,410 | $1.40M | 0.03% | +10,217+243.7% | Added |
| Northwestern Mutual Investment Management Company, LLC | 14,412 | $1.40M | 0.02% | −35−0.2% | Reduced |
| Kensington Investment Counsel, LLC | 14,413 | $1.40M | 0.57% | +1,063+8.0% | Added |
| Axq Capital, LP | 14,667 | $1.42M | 0.32% | +11,547+370.1% | Added |
| Quadrant Capital Group LLC | 14,702 | $1.43M | 0.04% | +670+4.8% | Added |
| Aso Group Ltd | 14,808 | $1.44M | 0.56% | +14,808 | New |
| WCG Wealth Advisors LLC | 14,850 | $1.44M | 0.04% | +14,850 | New |
| Vontobel Holding Ltd. | 14,870 | $1.44M | 0.00% | −5,685−27.7% | Reduced |
| E. Ohman J:or Asset Management AB | 14,872 | $1.44M | 0.03% | −4,450−23.0% | Reduced |
| Mission Wealth Management, LP | 14,950 | $1.45M | 0.03% | −298−2.0% | Reduced |
| Bryn Mawr Trust Co | 14,956 | $1.45M | 0.03% | −125−0.8% | Reduced |
| Hunter Associates Investment Management LLC | 14,997 | $1.46M | 0.19% | 00.0% | Unchanged |
| TKG Advisors, LLC | 15,105 | $1.47M | 0.59% | +91+0.6% | Added |
| IKE Capital, LLC | 15,222 | $1.48M | 1.29% | +15,222 | New |
| Legato Capital Management LLC | 15,315 | $1.49M | 0.13% | 00.0% | Unchanged |
| Ramirez Asset Management, Inc. | 15,451 | $1.50M | 0.20% | 00.0% | Unchanged |
| Polymer Capital Management (US) LLC | 15,576 | $1.51M | 0.20% | +15,576 | New |
| Merit Financial Group, LLC | 15,622 | $1.52M | 0.01% | +1,977+14.5% | Added |
| Vident Advisory, LLC | 15,667 | $1.52M | 0.01% | −21,202−57.5% | Reduced |
| Los Angeles Capital Management LLC | 17,784 | $1.52M | 0.01% | −31,223−63.7% | Reduced |
| G&S Capital LLC | 15,685 | $1.52M | 0.54% | −216−1.4% | Reduced |
| Paradigm Asset Management Co LLC | 15,900 | $1.54M | 0.36% | −1,000−5.9% | Reduced |
| Everence Capital Management Inc | 16,010 | $1.55M | 0.09% | 00.0% | Unchanged |
| Mount Lucas Management LP | 16,293 | $1.58M | 0.70% | +60.0% | Added |
| Lombard Odier Asset Management (Switzerland) SA | 16,313 | $1.58M | 0.07% | −67,803−80.6% | Reduced |
| Tokio Marine Asset Management Co Ltd | 16,663 | $1.62M | 0.06% | +1,623+10.8% | Added |
| Kovitz Investment Group Partners, LLC | 16,765 | $1.63M | 0.04% | −9,743−36.8% | Reduced |
| Farther Finance Advisors, LLC | 16,791 | $1.63M | 0.02% | +2,674+18.9% | Added |
| Illinois Municipal Retirement Fund | 16,856 | $1.64M | 0.02% | −5,295−23.9% | Reduced |
| RMB Capital Management, LLC | 16,897 | $1.64M | 0.03% | +3,937+30.4% | Added |
| Helios Capital Management Pte. Ltd | 16,950 | $1.65M | 1.13% | 00.0% | Unchanged |
| Summit Trail Advisors, LLC | 17,001 | $1.65M | 0.03% | +995+6.2% | Added |
| Tealwood Asset Management Inc | 17,137 | $1.67M | 0.75% | −411−2.3% | Reduced |
| Greenleaf Trust | 17,148 | $1.67M | 0.02% | +2,190+14.6% | Added |
| Healthcare of Ontario Pension Plan Trust Fund | 17,832 | $1.73M | 0.00% | −777,662−97.8% | Reduced |
| Clarus Wealth Advisors | 17,579 | $1.74M | 0.72% | +584+3.4% | Added |
| Foyston, Gordon, & Payne Inc | 17,918 | $1.74M | 0.38% | +17,918 | New |
| GAMMA Investing LLC | 18,058 | $1.75M | 0.09% | +1,123+6.6% | Added |
| Ninepoint Partners LP | 18,163 | $1.76M | 0.21% | +15,647+621.9% | Added |
| Abn Amro Investment Solutions | 18,177 | $1.77M | 0.03% | +18,177 | New |
| Morse Asset Management, Inc | 18,204 | $1.77M | 0.35% | +7,119+64.2% | Added |
| Waterfront Wealth Inc. | 18,022 | $1.77M | 0.34% | +27+0.2% | Added |
| Legacy Bridge, LLC | 18,275 | $1.78M | 0.72% | +195+1.1% | Added |
| Diversify Advisory Services, LLC | 17,758 | $1.79M | 0.06% | −2,938−14.2% | Reduced |
| Arwa LLC | 18,470 | $1.79M | 1.05% | +18,470 | New |
| MUFG Securities EMEA plc | 18,493 | $1.80M | 0.02% | +9,817+113.2% | Added |
| Evelyn Partners Investment Management (Europe) Ltd | 18,535 | $1.80M | 0.58% | +338+1.9% | Added |
| Ballentine Partners, LLC | 18,911 | $1.84M | 0.03% | +366+2.0% | Added |
| AG2R la Mondiale Gestion D'Actifs | 18,983 | $1.84M | 0.08% | +1,762+10.2% | Added |
| Heritage Family Offices, LLP | 19,265 | $1.87M | 0.85% | −1,286−6.3% | Reduced |
| Blue Jean Financial LLC | 19,609 | $1.90M | 1.55% | +19,609 | New |
| Numerai GP LLC | 19,671 | $1.91M | 0.23% | +14,067+251.0% | Added |
| Portfolio Design Labs, LLC | 19,698 | $1.91M | 0.32% | +421+2.2% | Added |
| Wiley Bros.-Aintree Capital, LLC | 20,129 | $1.96M | 0.01% | +3,617+21.9% | Added |
| Pittenger & Anderson Inc | 20,417 | $1.98M | 0.08% | −2,222−9.8% | Reduced |
| Envestnet Portfolio Solutions, Inc. | 20,436 | $1.98M | 0.01% | −521−2.5% | Reduced |
| Regions Financial Corp | 20,530 | $1.99M | 0.01% | −8,698−29.8% | Reduced |
| ING Groep NV | 20,821 | $2.02M | 0.01% | −407−1.9% | Reduced |
| New Mexico Educational Retirement Board | 20,884 | $2.03M | 0.06% | +2,200+11.8% | Added |
| Allspring Global Investments Holdings, LLC | 21,502 | $2.08M | 0.00% | +627+3.0% | Added |
| Roman Butler Fullerton & Co | 21,111 | $2.09M | 0.55% | +23+0.1% | Added |
| Virtus Investment Advisers, Inc. | 21,685 | $2.11M | 0.57% | +21,685 | New |
| Gulf International Bank (UK) Ltd | 21,891 | $2.13M | 0.07% | +209+1.0% | Added |
| Machina Capital S.A.S. | 22,071 | $2.14M | 0.41% | −2,659−10.8% | Reduced |
| First Horizon Corp | 22,699 | $2.20M | 0.10% | +965+4.4% | Added |
| VCI Wealth Management LLC | 22,992 | $2.23M | 0.62% | +22,992 | New |
| Louisiana State Employees Retirement System | 23,000 | $2.23M | 0.04% | −800−3.4% | Reduced |
| Maryland State Retirement & Pension System | 23,066 | $2.24M | 0.05% | +2,500+12.2% | Added |
| Simmons Bank | 23,106 | $2.24M | 0.15% | +23,106 | New |
| Huntington National Bank | 23,150 | $2.25M | 0.01% | −425−1.8% | Reduced |
| Shelton Capital Management | 23,240 | $2.26M | 0.04% | 00.0% | Unchanged |
| Prime Capital Investment Advisors, LLC | 23,273 | $2.26M | 0.03% | +75+0.3% | Added |
| Anfield Capital Management, LLC | 23,274 | $2.26M | 0.71% | −2,866−11.0% | Reduced |
| D.A. Davidson & Co. | 23,756 | $2.31M | 0.01% | +14,330+152.0% | Added |
| MAI Capital Management | 23,958 | $2.33M | 0.01% | +2,457+11.4% | Added |
| Gardner Lewis Asset Management L P | 24,080 | $2.34M | 0.59% | 00.0% | Unchanged |
| Ameritas Investment Partners, Inc. | 24,391 | $2.37M | 0.07% | −1,774−6.8% | Reduced |
| Campbell Capital Management Inc | 24,500 | $2.38M | 0.81% | +24,500 | New |
| Adviser Investments LLC | 24,575 | $2.39M | 0.03% | −377−1.5% | Reduced |
| Graham Capital Management, L.P. | 24,735 | $2.40M | 0.08% | −28,120−53.2% | Reduced |
| Fiduciary Alliance LLC | 25,136 | $2.44M | 0.16% | +564+2.3% | Added |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | 25,284 | $2.46M | 0.04% | +1,028+4.2% | Added |
| Colony Group, LLC | 25,316 | $2.46M | 0.00% | +4,782+23.3% | Added |