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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.

Institutional holdersQ4 2025: 1,104 institutions
Q1 2021: 593 institutionsQ2 2021: 602 institutionsQ3 2021: 617 institutionsQ4 2021: 716 institutionsQ1 2022: 680 institutionsQ2 2022: 646 institutionsQ3 2022: 683 institutionsQ4 2022: 718 institutionsQ1 2023: 690 institutionsQ2 2023: 697 institutionsQ3 2023: 701 institutionsQ4 2023: 727 institutionsQ1 2024: 766 institutionsQ2 2024: 759 institutionsQ3 2024: 844 institutionsQ4 2024: 908 institutionsQ1 2025: 935 institutionsQ2 2025: 1,022 institutionsQ3 2025: 1,047 institutionsQ4 2025: 1,104 institutionsQ1 2026: 1,100 institutionsQ2 2026: 1,091 institutions
Value heldQ4 2025: $46.7B
Q1 2021: $18.0BQ2 2021: $21.3BQ3 2021: $23.5BQ4 2021: $26.0BQ1 2022: $21.6BQ2 2022: $18.4BQ3 2022: $20.6BQ4 2022: $22.4BQ1 2023: $19.8BQ2 2023: $18.0BQ3 2023: $17.4BQ4 2023: $25.3BQ1 2024: $30.3BQ2 2024: $28.8BQ3 2024: $34.9BQ4 2024: $37.0BQ1 2025: $36.9BQ2 2025: $42.8BQ3 2025: $42.0BQ4 2025: $46.7BQ1 2026: $39.7BQ2 2026: $37.2B
Institutions holding NDAQ and their total value by quarter
QuarterHoldersValue
Q2 20261,091$37.2B
Q1 20261,100$39.7B
Q4 20251,104$46.7B
Q3 20251,047$42.0B
Q2 20251,022$42.8B
Q1 2025935$36.9B
Q4 2024908$37.0B
Q3 2024844$34.9B
Q2 2024759$28.8B
Q1 2024766$30.3B
Q4 2023727$25.3B
Q3 2023701$17.4B
Q2 2023697$18.0B
Q1 2023690$19.8B
Q4 2022718$22.4B
Q3 2022683$20.6B
Q2 2022646$18.4B
Q1 2022680$21.6B
Q4 2021716$26.0B
Q3 2021617$23.5B
Q2 2021602$21.3B
Q1 2021593$18.0B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Nasdaq, Inc.; share changes are against Q3 2025.

Institutions holding NDAQ in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Root Financial Partners, LLC902$87.6K0.00%+208+30.0%Added
TD Private Client Wealth LLC794$77.1K0.00%−286−26.5%Reduced
Whittier Trust Co of Nevada Inc720$72.5K0.00%00.0%Unchanged
Atlantic Union Bankshares Corp739$71.8K0.00%−165−18.3%Reduced
CoreCap Advisors, LLC734$71.3K0.00%−4−0.5%Reduced
Caldwell Trust Co687$66.7K0.01%00.0%Unchanged
Steigerwald, Gordon & Koch Inc.675$65.6K0.01%00.0%Unchanged
Clear Street Markets LLC669$65.0K0.01%−114−14.6%Reduced
REAP Financial Group, LLC669$64.9K0.01%+90+15.5%Added
Vega Investment Solutions659$64.0K0.01%+659New
Wiser Advisor Group LLC652$63.3K0.07%+2+0.3%Added
DV Equities, LLC632$61.4K0.01%+632New
Salomon & Ludwin, LLC590$58.1K0.01%+246+71.5%Added
LRI Investments, LLC593$57.6K0.00%−4−0.7%Reduced
Safe Harbor Fiduciary, LLC575$55.9K0.05%+575New
Flagship Harbor Advisors, LLC558$54.3K0.00%−16,478−96.7%Reduced
Murphy & Mullick Capital Management Corp553$53.7K0.04%+2+0.4%Added
Central Pacific Bank - Trust Division517$50.2K0.01%+43+9.1%Added
Community Bank, N.A.509$49.4K0.01%00.0%Unchanged
United Community Bank506$49.1K0.02%00.0%Unchanged
Bellevue Asset Management, LLC504$49.0K0.02%00.0%Unchanged
Washington Trust Advisors, Inc.479$46.5K0.00%+479New
New Millennium Group LLC470$45.6K0.02%−32−6.4%Reduced
Elyxium Wealth, LLC450$43.7K0.01%+450New
Independence Bank of Kentucky450$43.7K0.01%00.0%Unchanged
Twin Lakes Capital Management, LLC450$43.7K0.02%00.0%Unchanged
Towarzystwo Funduszy Inwestycyjnych Pzu SA450$43.7K0.01%00.0%Unchanged
Kemnay Advisory Services Inc.448$43.5K0.01%+448New
Annis Gardner Whiting Capital Advisors, LLC422$41.0K0.01%−5−1.2%Reduced
Reflection Asset Management417$40.5K0.03%+417New
Capital Advisors, Ltd. LLC407$40.0K0.00%00.0%Unchanged
UMA Financial Services, Inc.400$38.9K0.01%−6−1.5%Reduced
Deseret Mutual Benefit Administrators398$38.7K0.02%+49+14.0%Added
First Command Advisory Services, Inc.390$37.9K0.00%00.0%Unchanged
Evelyn Partners Asset Management Ltd387$37.6K0.01%00.0%Unchanged
CVA Family Office, LLC361$35.1K0.00%−18−4.7%Reduced
Uniplan Investment Counsel, Inc.360$35.0K0.00%+360New
Basecamp Wealth Advisors LLC360$35.0K0.01%+360New
Nemes Rush Group LLC356$34.6K0.00%+356New
MCF Advisors LLC355$34.5K0.00%+55+18.3%Added
Grove Bank & Trust352$34.2K0.00%+1+0.3%Added
SOA Wealth Advisors, LLC.350$34.0K0.01%+350New
AdvisorNet Financial, Inc344$33.4K0.00%−26−7.0%Reduced
Keating Financial Advisory Services, Inc.340$33.0K0.00%+340New
Westside Investment Management, Inc.318$30.7K0.00%00.0%Unchanged
Creative Financial Designs Inc310$30.1K0.00%00.0%Unchanged
Tripletail Wealth Management, LLC300$29.1K0.04%00.0%Unchanged
Fideuram Asset Management (Ireland) dac378$28.9K0.00%+378New
Signature Equity Partners, LLC295$28.7K0.02%+295New
Raleigh Capital Management Inc.295$28.6K0.01%+36+13.9%Added
Quest Partners LLC292$28.4K0.00%−277−48.7%Reduced
MV Capital Management, Inc.285$27.7K0.00%+2+0.7%Added
Bruce G. Allen Investments, LLC285$27.7K0.02%00.0%Unchanged
Front Row Advisors LLC282$27.4K0.01%00.0%Unchanged
Access Investment Management LLC309$27.3K0.01%00.0%Unchanged
Cape Investment Advisory, Inc.255$24.8K0.01%+209+454.3%Added
Fortitude Family Office, LLC254$24.7K0.01%+3+1.2%Added
Farmers & Merchants Investments Inc231$22.4K0.00%+21+10.0%Added
Activest Wealth Management223$21.7K0.00%+117+110.4%Added
Basepoint Wealth LLC222$21.7K0.01%+222New
WPG Advisers, LLC219$21.3K0.02%+71+48.0%Added
Hollencrest Capital Management215$20.9K0.00%−166−43.6%Reduced
Highline Wealth Partners LLC212$20.6K0.01%−131−38.2%Reduced
Kerr Financial Planning Corp236$20.3K0.03%−20−7.8%Reduced
New Age Alpha Advisors, LLC205$19.9K0.00%+205New
SageView Advisory Group, LLC202$19.6K0.00%+202New
Adirondack Trust Co197$19.1K0.01%+47+31.3%Added
Group One Trading, L.P.195$18.9K0.00%+195New
Quarry LP192$18.6K0.00%−3,117−94.2%Reduced
Rational Advisors LLC192$18.6K0.00%+61+46.6%Added
Bogart Wealth, LLC192$18.6K0.00%+2+1.1%Added
Silicon Valley Capital Partners190$18.4K0.00%+1+0.5%Added
GW&K Investment Management, LLC189$18.0K0.00%00.0%Unchanged
WealthCollab, LLC184$17.9K0.01%+29+18.7%Added
Bell Investment Advisors, Inc180$17.5K0.00%+99+122.2%Added
Bank of Jackson Hole Trust180$17.5K0.01%00.0%Unchanged
Transamerica Financial Advisors, Inc.179$17.4K0.00%+66+58.4%Added
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main162$16.1K0.00%−200−55.2%Reduced
Northwest & Ethical Investments L.P.164$16.1K0.00%+164New
Rossby Financial, LCC163$15.8K0.00%−62−27.6%Reduced
Concord Wealth Partners162$15.8K0.00%00.0%Unchanged
Versant Capital Management, Inc153$14.8K0.00%+1+0.7%Added
S&T Bank152$14.8K0.00%+100+192.3%Added
Piscataqua Savings Bank150$14.6K0.01%+150New
Raffa Wealth Management, LLC148$14.4K0.00%−166−52.9%Reduced
Private Wealth Management Group, LLC147$14.3K0.00%00.0%Unchanged
Wealth Watch Advisors, INC147$14.3K0.01%+5+3.5%Added
Clean Yield Group146$14.2K0.00%00.0%Unchanged
Prosperity Bancshares Inc144$14.0K0.01%+144New
Westfuller Advisors, LLC141$13.7K0.01%−85−37.6%Reduced
Curio Wealth, LLC135$13.3K0.00%00.0%Unchanged
Cornerstone Planning Group LLC133$13.1K0.00%−14−9.5%Reduced
University of Texas/Texas Am Investment Managment Co135$13.1K0.00%+135New
Comprehensive Financial Planning, Inc.130$12.7K0.01%−1−0.8%Reduced
Vision Retirement, LLC127$12.3K0.00%+127New
Maseco LLP126$12.3K0.00%+126New
Moisand Fitzgerald Tamayo, LLC126$12.2K0.00%00.0%Unchanged
Swiss Re Ltd126$12.2K0.00%+126New
MTM Investment Management, LLC122$11.8K0.00%00.0%Unchanged
Sound Income Strategies, LLC116$11.7K0.00%+116New