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 |
|---|---|---|---|---|---|
| Dnca Finance | 56,550 | $5.49M | 0.32% | 00.0% | Unchanged |
| Janney Montgomery Scott LLC | 56,980 | $5.54M | 0.01% | +2,317+4.2% | Added |
| Segall Bryant & Hamill, LLC | 57,073 | $5.54M | 0.08% | −29,598−34.1% | Reduced |
| AE Wealth Management LLC | 57,093 | $5.55M | 0.03% | +1,284+2.3% | Added |
| Northstar Asset Management Inc | 57,276 | $5.56M | 1.44% | +5,540+10.7% | Added |
| Stratos Wealth Partners, LTD. | 57,494 | $5.58M | 0.06% | −214−0.4% | Reduced |
| Davenport & Co LLC | 58,214 | $5.65M | 0.03% | +456+0.8% | Added |
| Nissay Asset Management Corp | 58,225 | $5.66M | 0.03% | +3,327+6.1% | Added |
| BI Asset Management Fondsmaeglerselskab A/S | 58,649 | $5.70M | 0.05% | +699+1.2% | Added |
| Rakuten Investment Management, Inc. | 59,677 | $5.90M | 0.02% | +58,128+3,752.6% | Added |
| M&T Bank Corp | 61,076 | $5.93M | 0.02% | +13,160+27.5% | Added |
| Atria Investments LLC | 61,823 | $6.00M | 0.07% | +13,942+29.1% | Added |
| Montag A & Associates Inc | 62,215 | $6.04M | 0.28% | −1,916−3.0% | Reduced |
| Brinker Capital Investments, LLC | 62,825 | $6.10M | 0.04% | −6,653−9.6% | Reduced |
| CWM, LLC | 62,969 | $6.12M | 0.02% | −857−1.3% | Reduced |
| CIBC World Markets Corp | 63,025 | $6.12M | 0.03% | +63,025 | New |
| Robertson Opportunity Capital, LLC | 63,039 | $6.12M | 2.22% | 00.0% | Unchanged |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 63,158 | $6.13M | 0.05% | +7,000+12.5% | Added |
| Groupama Asset Managment | 65,178 | $6.33M | 0.09% | −2,141−3.2% | Reduced |
| New York Life Investment Management LLC | 65,635 | $6.38M | 0.05% | +86+0.1% | Added |
| Evelyn Partners Investment Management Services Ltd | 65,896 | $6.40M | 0.80% | +7,811+13.4% | Added |
| Indivisible Partners | 66,374 | $6.45M | 0.70% | +66,374 | New |
| Cambridge Investment Research Advisors, Inc. | 66,781 | $6.49M | 0.02% | +584+0.9% | Added |
| ExodusPoint Capital Management, LP | 67,139 | $6.52M | 0.07% | +67,139 | New |
| US Bancorp | 67,413 | $6.55M | 0.01% | +1,216+1.8% | Added |
| Northwestern Mutual Wealth Management Co | 68,654 | $6.67M | 0.00% | +3,939+6.1% | Added |
| Oppenheimer Asset Management Inc. | 68,854 | $6.69M | 0.08% | +658+1.0% | Added |
| Police & Firemen's Retirement System of New Jersey | 69,351 | $6.74M | 0.06% | +2,385+3.6% | Added |
| Vinva Investment Management Ltd | 68,867 | $6.76M | 0.08% | +33,436+94.4% | Added |
| MML Investors Services, LLC | 69,773 | $6.78M | 0.02% | +5,384+8.4% | Added |
| Utah Retirement Systems | 70,116 | $6.81M | 0.06% | +2,221+3.3% | Added |
| Horizon Kinetics Asset Management LLC | 70,822 | $6.88M | 0.09% | +852+1.2% | Added |
| Candriam Luxembourg S.C.A. | 70,968 | $6.89M | 0.03% | +7,079+11.1% | Added |
| AMJ Financial Wealth Management | 71,106 | $6.91M | 1.66% | −62,989−47.0% | Reduced |
| O'Shaughnessy Asset Management, LLC | 73,086 | $7.10M | 0.04% | +8,177+12.6% | Added |
| Bollard Group LLC | 73,109 | $7.10M | 0.19% | +203+0.3% | Added |
| Kinneret Advisory, LLC | 74,549 | $7.24M | 0.61% | −2,040−2.7% | Reduced |
| DekaBank Deutsche Girozentrale | 110,422 | $7.29M | 0.01% | 00.0% | Unchanged |
| USS Investment Management Ltd | 75,488 | $7.33M | 0.04% | 00.0% | Unchanged |
| AIA Group Ltd | 75,500 | $7.33M | 0.11% | +17,500+30.2% | Added |
| Wealth Enhancement Advisory Services, LLC | 63,375 | $7.38M | 0.01% | +1,771+2.9% | Added |
| Voleon Capital Management LP | 76,054 | $7.39M | 0.16% | −38,680−33.7% | Reduced |
| Woodline Partners LP | 77,110 | $7.49M | 0.03% | +17,205+28.7% | Added |
| Olstein Capital Management, L.P. | 77,300 | $7.51M | 1.54% | −3,700−4.6% | Reduced |
| Sequoia Financial Advisors, LLC | 78,097 | $7.59M | 0.04% | +8,112+11.6% | Added |
| Macquarie Group Ltd | 79,770 | $7.75M | 0.03% | −182,816−69.6% | Reduced |
| Hennion & Walsh Asset Management, Inc. | 80,874 | $7.86M | 0.27% | +13,448+19.9% | Added |
| First Manhattan Co | 81,118 | $7.88M | 0.02% | −1,934−2.3% | Reduced |
| Mirae Asset Global Investments Co., Ltd. | 81,334 | $7.90M | 0.02% | +4,244+5.5% | Added |
| British Columbia Investment Management Corp | 81,454 | $7.91M | 0.04% | +19,569+31.6% | Added |
| Kanawha Capital Management LLC | 82,342 | $8.00M | 0.55% | +521+0.6% | Added |
| Sanctuary Advisors, LLC | 82,588 | $8.02M | 0.04% | +6,829+9.0% | Added |
| Amalgamated Bank | 83,394 | $8.10M | 0.06% | −2,110−2.5% | Reduced |
| Edmond de Rothschild Holding S.A. | 83,617 | $8.12M | 0.12% | +5,073+6.5% | Added |
| Swedbank AB | 84,783 | $8.23M | 0.01% | +2,715+3.3% | Added |
| HRT Financial LP | 84,846 | $8.24M | 0.03% | +84,846 | New |
| Scotia Capital Inc. | 84,962 | $8.25M | 0.03% | +79,928+1,587.8% | Added |
| Skandinaviska Enskilda Banken AB (publ) | 85,238 | $8.28M | 0.03% | −109−0.1% | Reduced |
| Nicholas Company, Inc. | 85,545 | $8.31M | 0.15% | −9,395−9.9% | Reduced |
| Mirova US LLC | 85,671 | $8.32M | 0.08% | +7,499+9.6% | Added |
| Snowden Capital Advisors LLC | 87,888 | $8.54M | 0.22% | −906−1.0% | Reduced |
| Round Hill Asset Management | 88,387 | $8.59M | 5.41% | −440−0.5% | Reduced |
| Xponance, Inc. | 89,707 | $8.71M | 0.07% | +7,072+8.6% | Added |
| DnB Asset Management AS | 90,892 | $8.83M | 0.03% | +8,822+10.7% | Added |
| Fjarde Ap-Fonden /Fourth Swedish National Pension Fund | 91,515 | $8.89M | 0.07% | +2,600+2.9% | Added |
| Baker Avenue Asset Management, LP | 91,679 | $8.90M | 0.21% | +3,924+4.5% | Added |
| Payden & Rygel | 91,900 | $8.93M | 0.62% | 00.0% | Unchanged |
| ProShare Advisors LLC | 95,456 | $9.27M | 0.02% | +4,101+4.5% | Added |
| Retirement Systems of Alabama | 95,961 | $9.32M | 0.03% | −736−0.8% | Reduced |
| Cumberland Partners Ltd | 97,288 | $9.45M | 0.58% | −25,715−20.9% | Reduced |
| IFM Investors Pty Ltd | 98,861 | $9.60M | 0.08% | +4,316+4.6% | Added |
| Forsta Ap-Fonden | 100,500 | $9.76M | 0.06% | +5,500+5.8% | Added |
| Hikari Power Ltd | 100,500 | $9.76M | 0.77% | 00.0% | Unchanged |
| Federation des caisses Desjardins du Quebec | 102,541 | $9.96M | 0.04% | +23,462+29.7% | Added |
| Commonwealth Equity Services, LLC | 102,686 | $9.97M | 0.01% | −1,562−1.5% | Reduced |
| Schroder Investment Management Group | 103,112 | $10.1M | 0.01% | −13,674−11.7% | Reduced |
| Banco Santander, S.A. | 104,560 | $10.2M | 0.08% | 00.0% | Unchanged |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 104,925 | $10.2M | 0.05% | −3,928−3.6% | Reduced |
| Ensign Peak Advisors, Inc | 105,151 | $10.2M | 0.02% | −70,940−40.3% | Reduced |
| TD Waterhouse Canada Inc. | 107,263 | $10.4M | 0.06% | −12,809−10.7% | Reduced |
| Aperture Investors, LLC | 107,760 | $10.5M | 1.46% | +10,423+10.7% | Added |
| MetLife Investment Management | 108,160 | $10.5M | 0.05% | −3,626−3.2% | Reduced |
| Cullen/Frost Bankers, Inc. | 108,187 | $10.5M | 0.12% | −16,840−13.5% | Reduced |
| Ethic Inc. | 108,254 | $10.5M | 0.16% | +2,419+2.3% | Added |
| Jones Financial Companies LLLP | 111,330 | $10.8M | 0.01% | +22,341+25.1% | Added |
| Bridgewater Associates, LP | 111,620 | $10.8M | 0.04% | +44,019+65.1% | Added |
| PensionDanmark Pensionsforsikringsaktieselskab | 112,536 | $10.9M | 0.10% | +112,536 | New |
| Kames Capital plc | 114,226 | $11.1M | 0.13% | −79,974−41.2% | Reduced |
| Public Sector Pension Investment Board | 114,920 | $11.2M | 0.04% | +17,139+17.5% | Added |
| Zurich Insurance Group Ltd | 116,129 | $11.3M | 0.08% | +116,129 | New |
| Headlands Technologies LLC | 116,924 | $11.4M | 0.95% | +20,272+21.0% | Added |
| State of Michigan Retirement System | 118,090 | $11.5M | 0.06% | −4,500−3.7% | Reduced |
| Assetmark, Inc | 118,923 | $11.6M | 0.02% | +2,928+2.5% | Added |
| Czech National Bank | 118,945 | $11.6M | 0.07% | +3,817+3.3% | Added |
| Creative Planning | 124,338 | $12.1M | 0.01% | +31,221+33.5% | Added |
| Ofi Invest Asset Management | 146,430 | $12.2M | 0.17% | +4,821+3.4% | Added |
| Arizona State Retirement System | 125,871 | $12.2M | 0.07% | −1,364−1.1% | Reduced |
| Nisa Investment Advisors, LLC | 126,488 | $12.3M | 0.04% | +5,955+4.9% | Added |
| Groupe la Francaise | 126,536 | $12.3M | 0.18% | +64,040+102.5% | Added |
| Teachers Retirement System of the State of Kentucky | 131,785 | $12.8M | 0.10% | −10,480−7.4% | Reduced |