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 |
|---|---|---|---|---|---|
| Kentucky Retirement Systems | 25,892 | $2.51M | 0.07% | 00.0% | Unchanged |
| Westover Capital Advisors, LLC | 25,965 | $2.52M | 0.46% | +4,942+23.5% | Added |
| Leavell Investment Management, Inc. | 26,135 | $2.54M | 0.11% | 00.0% | Unchanged |
| Hartford Investment Management Co | 26,143 | $2.54M | 0.08% | −589−2.2% | Reduced |
| Southeast Asset Advisors Inc. | 26,191 | $2.54M | 0.24% | +15,776+151.5% | Added |
| Banque Cantonale Vaudoise | 26,285 | $2.55M | 0.09% | +1,928+7.9% | Added |
| Arete Wealth Advisors, LLC | 26,450 | $2.57M | 0.18% | +26,450 | New |
| Norinchukin Bank, The | 27,946 | $2.71M | 0.03% | +1,739+6.6% | Added |
| Lighthouse Financial Services Inc | 28,096 | $2.73M | 0.63% | +28,096 | New |
| Flputnam Investment Management Co | 28,334 | $2.75M | 0.04% | −621−2.1% | Reduced |
| Banco Bilbao Vizcaya Argentaria, S.A. | 28,349 | $2.76M | 0.02% | +3,159+12.5% | Added |
| BDF-Gestion | 28,402 | $2.76M | 0.34% | −1,893−6.2% | Reduced |
| Sax Wealth Advisors, LLC | 28,434 | $2.76M | 0.13% | −1,543−5.1% | Reduced |
| Crossmark Global Holdings, Inc. | 28,852 | $2.80M | 0.04% | −10,650−27.0% | Reduced |
| Dai-Ichi Life Insurance Company, Ltd | 29,060 | $2.82M | 0.07% | 00.0% | Unchanged |
| Steward Partners Investment Advisory, LLC | 29,311 | $2.85M | 0.02% | +2,097+7.7% | Added |
| Jane Street Group, LLC | 29,825 | $2.90M | 0.00% | −1,123,860−97.4% | Reduced |
| Concurrent Investment Advisors, LLC | 29,996 | $2.91M | 0.03% | +1,271+4.4% | Added |
| RBF Capital, LLC | 30,000 | $2.91M | 0.13% | 00.0% | Unchanged |
| Neville Rodie & Shaw Inc | 30,012 | $2.92M | 0.21% | +1,247+4.3% | Added |
| Greenwich Wealth Management LLC | 30,511 | $2.96M | 0.13% | +111+0.4% | Added |
| United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund | 30,600 | $2.97M | 0.04% | +1,400+4.8% | Added |
| Pensionmark Financial Group, LLC | 30,638 | $2.98M | 0.05% | +1,144+3.9% | Added |
| Mizuho Securities USA LLC | 32,845 | $2.99M | 0.05% | −170−0.5% | Reduced |
| Avanza Fonder AB | 30,805 | $2.99M | 0.08% | 00.0% | Unchanged |
| Prosperity Consulting Group, LLC | 30,812 | $2.99M | 0.13% | −234−0.8% | Reduced |
| Investment Management Corp of Ontario | 31,065 | $3.02M | 0.04% | +10,804+53.3% | Added |
| CIBC World Markets Inc. | 31,232 | $3.03M | 0.01% | +5,785+22.7% | Added |
| Applied Capital LLC | 31,768 | $3.09M | 2.11% | +51+0.2% | Added |
| Vista Investment Partners II, LLC | 31,805 | $3.09M | 1.33% | +31,805 | New |
| Texas Yale Capital Corp. | 32,089 | $3.12M | 0.09% | +1,711+5.6% | Added |
| Fairbanks Capital Management, Inc. | 32,427 | $3.15M | 1.74% | −390−1.2% | Reduced |
| Guardian Partners Inc. | 35,825 | $3.16M | 0.25% | +850+2.4% | Added |
| Ostrum Asset Management | 32,759 | $3.18M | 0.15% | −1,768−5.1% | Reduced |
| Walleye Trading LLC | 33,974 | $3.30M | 0.05% | +2,402+7.6% | Added |
| Metis Global Partners, LLC | 34,505 | $3.35M | 0.08% | −490−1.4% | Reduced |
| Ascent Group, LLC | 34,738 | $3.37M | 0.12% | +1,296+3.9% | Added |
| Allstate Corp | 34,794 | $3.38M | 0.05% | +18,759+117.0% | Added |
| Promethium Advisors,llc | 35,100 | $3.41M | 1.84% | +2,832+8.8% | Added |
| First American Bank | 35,117 | $3.41M | 0.21% | +168+0.5% | Added |
| Paralel Advisors LLC | 35,264 | $3.43M | 0.13% | 00.0% | Unchanged |
| Teacher Retirement System of Texas | 35,539 | $3.45M | 0.01% | −435,953−92.5% | Reduced |
| Pacer Advisors, Inc. | 35,624 | $3.46M | 0.01% | −881−2.4% | Reduced |
| Lombard Odier Asset Management (Europe) Ltd | 36,000 | $3.50M | 0.18% | +36,000 | New |
| Laird Norton Trust Company, LLC | 36,250 | $3.52M | 0.07% | +36,250 | New |
| EFG International AG | 36,281 | $3.52M | 0.07% | +36,281 | New |
| Dark Forest Capital Management LP | 36,588 | $3.55M | 0.16% | +15,121+70.4% | Added |
| QRG Capital Management, Inc. | 36,607 | $3.56M | 0.04% | +6,190+20.4% | Added |
| Generali Asset Management SPA SGR | 37,480 | $3.64M | 0.07% | +1,538+4.3% | Added |
| Graphene Investments SAS | 37,500 | $3.64M | 2.28% | 00.0% | Unchanged |
| Captrust Financial Advisors | 37,806 | $3.67M | 0.01% | +4,133+12.3% | Added |
| Kera Capital Partners, Inc. | 37,906 | $3.67M | 0.45% | +37,906 | New |
| Burling Wealth Partners, LLC | 37,943 | $3.69M | 0.57% | +4,878+14.8% | Added |
| Gold Investment Management Ltd. | 38,735 | $3.76M | 1.20% | +575+1.5% | Added |
| Verition Fund Management LLC | 39,126 | $3.80M | 0.02% | −55,424−58.6% | Reduced |
| Penobscot Investment Management Company, Inc. | 39,494 | $3.84M | 0.29% | −779−1.9% | Reduced |
| Generali Investments CEE, investicni spolecnost, a.s. | 39,611 | $3.85M | 0.27% | +39,611 | New |
| Siemens Fonds Invest GmbH | 39,532 | $3.88M | 0.21% | −17,098−30.2% | Reduced |
| Elevatus Welath Management | 40,306 | $3.91M | 1.07% | +40,306 | New |
| First Washington CORP | 40,668 | $3.95M | 1.02% | −300−0.7% | Reduced |
| Bensler, LLC | 41,167 | $4.00M | 0.40% | −167−0.4% | Reduced |
| UniSuper Management Pty Ltd | 41,657 | $4.05M | 0.02% | −1,550−3.6% | Reduced |
| Keebeck Wealth Management, LLC | 41,803 | $4.06M | 0.47% | −1,552−3.6% | Reduced |
| GAM Holding AG | 42,315 | $4.11M | 0.26% | −98−0.2% | Reduced |
| Taikang Asset Management (Hong Kong) Co Ltd | 42,868 | $4.16M | 0.41% | 00.0% | Unchanged |
| Parallax Volatility Advisers, L.P. | 43,312 | $4.21M | 0.13% | +22,524+108.4% | Added |
| Lido Advisors, LLC | 45,912 | $4.25M | 0.02% | +2,167+5.0% | Added |
| State of Alaska, Department of Revenue | 44,538 | $4.33M | 0.05% | −4,200−8.6% | Reduced |
| Tredje AP-fonden | 44,816 | $4.35M | 0.03% | 00.0% | Unchanged |
| Engineers Gate Manager LP | 45,001 | $4.37M | 0.05% | −370,230−89.2% | Reduced |
| Horizon Investments, LLC | 45,909 | $4.46M | 0.06% | −9,090−16.5% | Reduced |
| Wealthfront Advisers LLC | 46,161 | $4.48M | 0.01% | +7,873+20.6% | Added |
| Fifth Third Bancorp | 46,523 | $4.52M | 0.01% | +2,475+5.6% | Added |
| LGT Group Foundation | 46,070 | $4.52M | 0.05% | −879−1.9% | Reduced |
| Toroso Investments, LLC | 46,860 | $4.55M | 0.02% | −11,972−20.3% | Reduced |
| Yousif Capital Management, LLC | 46,913 | $4.57M | 0.05% | −2,638−5.3% | Reduced |
| Mutual of America Capital Management LLC | 48,438 | $4.70M | 0.05% | −698−1.4% | Reduced |
| Bokf, NA | 48,539 | $4.71M | 0.07% | −7,430−13.3% | Reduced |
| CapitalatWork S.A. | 48,826 | $4.74M | 0.14% | 00.0% | Unchanged |
| Osmosis Investment Management UK Ltd | 48,970 | $4.76M | 0.12% | +48,970 | New |
| Vista Investment Partners LLC | 49,872 | $4.84M | 1.27% | +49,872 | New |
| Kestra Advisory Services, LLC | 50,097 | $4.87M | 0.02% | −1,877−3.6% | Reduced |
| Advisors Preferred, LLC | 50,407 | $4.87M | 0.80% | +50,407 | New |
| Mirae Asset Global ETFs Holdings Ltd. | 50,413 | $4.90M | 0.01% | −18,032−26.3% | Reduced |
| B. Metzler seel. Sohn & Co. AG | 51,152 | $4.97M | 0.04% | +2,842+5.9% | Added |
| Oregon Public Employees Retirement Fund | 51,624 | $5.01M | 0.06% | −200−0.4% | Reduced |
| NEOS Investment Management LLC | 52,128 | $5.06M | 0.03% | +7,429+16.6% | Added |
| Intech Investment Management LLC | 52,197 | $5.07M | 0.05% | −2,937−5.3% | Reduced |
| OP Asset Management Ltd | 52,197 | $5.07M | 0.06% | +3,588+7.4% | Added |
| Susquehanna International Group, LLP | 52,206 | $5.07M | 0.01% | −6,611−11.2% | Reduced |
| Elo Mutual Pension Insurance Co | 52,451 | $5.09M | 0.08% | −6,297−10.7% | Reduced |
| Motley Fool Asset Management LLC | 53,115 | $5.16M | 0.20% | +13,504+34.1% | Added |
| GWM Advisors LLC | 53,329 | $5.18M | 0.02% | +15,909+42.5% | Added |
| Castlefield Investment Partners LLP | 53,342 | $5.18M | 4.00% | +53,342 | New |
| Federated Hermes, Inc. | 54,067 | $5.25M | 0.01% | +21,483+65.9% | Added |
| Eurizon Capital SGR S.p.A. | 54,694 | $5.32M | 0.02% | +54,694 | New |
| First National Bank of Omaha | 55,112 | $5.35M | 0.16% | +664+1.2% | Added |
| Advisor Group Holdings, Inc. | 55,235 | $5.37M | 0.01% | −3,136−5.4% | Reduced |
| Dockside LLC | 55,739 | $5.41M | 1.39% | +55,739 | New |
| JustInvest LLC | 56,170 | $5.46M | 0.05% | +7,922+16.4% | Added |