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 |
|---|---|---|---|---|---|
| Andra AP-fonden | 134,200 | $13.0M | 0.16% | −22,100−14.1% | Reduced |
| FourThought Financial Partners, LLC | 133,843 | $13.0M | 1.10% | +1,191+0.9% | Added |
| ABN AMRO Bank N.V. | 133,270 | $12.9M | 0.12% | +115+0.1% | Added |
| Polar Asset Management Partners Inc. | 133,164 | $12.9M | 0.26% | −85,100−39.0% | Reduced |
| Teachers Retirement System of the State of Kentucky | 131,785 | $12.8M | 0.10% | −10,480−7.4% | Reduced |
| Groupe la Francaise | 126,536 | $12.3M | 0.18% | +64,040+102.5% | Added |
| Nisa Investment Advisors, LLC | 126,488 | $12.3M | 0.04% | +5,955+4.9% | Added |
| Arizona State Retirement System | 125,871 | $12.2M | 0.07% | −1,364−1.1% | Reduced |
| Ofi Invest Asset Management | 146,430 | $12.2M | 0.17% | +4,821+3.4% | Added |
| Creative Planning | 124,338 | $12.1M | 0.01% | +31,221+33.5% | Added |
| Czech National Bank | 118,945 | $11.6M | 0.07% | +3,817+3.3% | Added |
| Assetmark, Inc | 118,923 | $11.6M | 0.02% | +2,928+2.5% | Added |
| State of Michigan Retirement System | 118,090 | $11.5M | 0.06% | −4,500−3.7% | Reduced |
| Headlands Technologies LLC | 116,924 | $11.4M | 0.95% | +20,272+21.0% | Added |
| Zurich Insurance Group Ltd | 116,129 | $11.3M | 0.08% | +116,129 | New |
| Public Sector Pension Investment Board | 114,920 | $11.2M | 0.04% | +17,139+17.5% | Added |
| Kames Capital plc | 114,226 | $11.1M | 0.13% | −79,974−41.2% | Reduced |
| PensionDanmark Pensionsforsikringsaktieselskab | 112,536 | $10.9M | 0.10% | +112,536 | New |
| Bridgewater Associates, LP | 111,620 | $10.8M | 0.04% | +44,019+65.1% | Added |
| Jones Financial Companies LLLP | 111,330 | $10.8M | 0.01% | +22,341+25.1% | Added |
| Ethic Inc. | 108,254 | $10.5M | 0.16% | +2,419+2.3% | Added |
| Cullen/Frost Bankers, Inc. | 108,187 | $10.5M | 0.12% | −16,840−13.5% | Reduced |
| MetLife Investment Management | 108,160 | $10.5M | 0.05% | −3,626−3.2% | Reduced |
| Aperture Investors, LLC | 107,760 | $10.5M | 1.46% | +10,423+10.7% | Added |
| TD Waterhouse Canada Inc. | 107,263 | $10.4M | 0.06% | −12,809−10.7% | Reduced |
| Ensign Peak Advisors, Inc | 105,151 | $10.2M | 0.02% | −70,940−40.3% | Reduced |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 104,925 | $10.2M | 0.05% | −3,928−3.6% | Reduced |
| Banco Santander, S.A. | 104,560 | $10.2M | 0.08% | 00.0% | Unchanged |
| Schroder Investment Management Group | 103,112 | $10.1M | 0.01% | −13,674−11.7% | Reduced |
| Commonwealth Equity Services, LLC | 102,686 | $9.97M | 0.01% | −1,562−1.5% | Reduced |
| Federation des caisses Desjardins du Quebec | 102,541 | $9.96M | 0.04% | +23,462+29.7% | Added |
| Hikari Power Ltd | 100,500 | $9.76M | 0.77% | 00.0% | Unchanged |
| Forsta Ap-Fonden | 100,500 | $9.76M | 0.06% | +5,500+5.8% | Added |
| IFM Investors Pty Ltd | 98,861 | $9.60M | 0.08% | +4,316+4.6% | Added |
| Cumberland Partners Ltd | 97,288 | $9.45M | 0.58% | −25,715−20.9% | Reduced |
| Retirement Systems of Alabama | 95,961 | $9.32M | 0.03% | −736−0.8% | Reduced |
| ProShare Advisors LLC | 95,456 | $9.27M | 0.02% | +4,101+4.5% | Added |
| Payden & Rygel | 91,900 | $8.93M | 0.62% | 00.0% | Unchanged |
| Baker Avenue Asset Management, LP | 91,679 | $8.90M | 0.21% | +3,924+4.5% | Added |
| Fjarde Ap-Fonden /Fourth Swedish National Pension Fund | 91,515 | $8.89M | 0.07% | +2,600+2.9% | Added |
| DnB Asset Management AS | 90,892 | $8.83M | 0.03% | +8,822+10.7% | Added |
| Xponance, Inc. | 89,707 | $8.71M | 0.07% | +7,072+8.6% | Added |
| Round Hill Asset Management | 88,387 | $8.59M | 5.41% | −440−0.5% | Reduced |
| Snowden Capital Advisors LLC | 87,888 | $8.54M | 0.22% | −906−1.0% | Reduced |
| Mirova US LLC | 85,671 | $8.32M | 0.08% | +7,499+9.6% | Added |
| Nicholas Company, Inc. | 85,545 | $8.31M | 0.15% | −9,395−9.9% | Reduced |
| Skandinaviska Enskilda Banken AB (publ) | 85,238 | $8.28M | 0.03% | −109−0.1% | Reduced |
| Scotia Capital Inc. | 84,962 | $8.25M | 0.03% | +79,928+1,587.8% | Added |
| HRT Financial LP | 84,846 | $8.24M | 0.03% | +84,846 | New |
| Swedbank AB | 84,783 | $8.23M | 0.01% | +2,715+3.3% | Added |
| Edmond de Rothschild Holding S.A. | 83,617 | $8.12M | 0.12% | +5,073+6.5% | Added |
| Amalgamated Bank | 83,394 | $8.10M | 0.06% | −2,110−2.5% | Reduced |
| Sanctuary Advisors, LLC | 82,588 | $8.02M | 0.04% | +6,829+9.0% | Added |
| Kanawha Capital Management LLC | 82,342 | $8.00M | 0.55% | +521+0.6% | Added |
| British Columbia Investment Management Corp | 81,454 | $7.91M | 0.04% | +19,569+31.6% | Added |
| Mirae Asset Global Investments Co., Ltd. | 81,334 | $7.90M | 0.02% | +4,244+5.5% | Added |
| First Manhattan Co | 81,118 | $7.88M | 0.02% | −1,934−2.3% | Reduced |
| Hennion & Walsh Asset Management, Inc. | 80,874 | $7.86M | 0.27% | +13,448+19.9% | Added |
| Macquarie Group Ltd | 79,770 | $7.75M | 0.03% | −182,816−69.6% | Reduced |
| Sequoia Financial Advisors, LLC | 78,097 | $7.59M | 0.04% | +8,112+11.6% | Added |
| Olstein Capital Management, L.P. | 77,300 | $7.51M | 1.54% | −3,700−4.6% | Reduced |
| Woodline Partners LP | 77,110 | $7.49M | 0.03% | +17,205+28.7% | Added |
| Voleon Capital Management LP | 76,054 | $7.39M | 0.16% | −38,680−33.7% | Reduced |
| Wealth Enhancement Advisory Services, LLC | 63,375 | $7.38M | 0.01% | +1,771+2.9% | Added |
| AIA Group Ltd | 75,500 | $7.33M | 0.11% | +17,500+30.2% | Added |
| USS Investment Management Ltd | 75,488 | $7.33M | 0.04% | 00.0% | Unchanged |
| DekaBank Deutsche Girozentrale | 110,422 | $7.29M | 0.01% | 00.0% | Unchanged |
| Kinneret Advisory, LLC | 74,549 | $7.24M | 0.61% | −2,040−2.7% | Reduced |
| Bollard Group LLC | 73,109 | $7.10M | 0.19% | +203+0.3% | Added |
| O'Shaughnessy Asset Management, LLC | 73,086 | $7.10M | 0.04% | +8,177+12.6% | Added |
| AMJ Financial Wealth Management | 71,106 | $6.91M | 1.66% | −62,989−47.0% | Reduced |
| Candriam Luxembourg S.C.A. | 70,968 | $6.89M | 0.03% | +7,079+11.1% | Added |
| Horizon Kinetics Asset Management LLC | 70,822 | $6.88M | 0.09% | +852+1.2% | Added |
| Utah Retirement Systems | 70,116 | $6.81M | 0.06% | +2,221+3.3% | Added |
| MML Investors Services, LLC | 69,773 | $6.78M | 0.02% | +5,384+8.4% | Added |
| Vinva Investment Management Ltd | 68,867 | $6.76M | 0.08% | +33,436+94.4% | Added |
| Police & Firemen's Retirement System of New Jersey | 69,351 | $6.74M | 0.06% | +2,385+3.6% | Added |
| Oppenheimer Asset Management Inc. | 68,854 | $6.69M | 0.08% | +658+1.0% | Added |
| Northwestern Mutual Wealth Management Co | 68,654 | $6.67M | 0.00% | +3,939+6.1% | Added |
| US Bancorp | 67,413 | $6.55M | 0.01% | +1,216+1.8% | Added |
| ExodusPoint Capital Management, LP | 67,139 | $6.52M | 0.07% | +67,139 | New |
| Cambridge Investment Research Advisors, Inc. | 66,781 | $6.49M | 0.02% | +584+0.9% | Added |
| Indivisible Partners | 66,374 | $6.45M | 0.70% | +66,374 | New |
| Evelyn Partners Investment Management Services Ltd | 65,896 | $6.40M | 0.80% | +7,811+13.4% | Added |
| New York Life Investment Management LLC | 65,635 | $6.38M | 0.05% | +86+0.1% | Added |
| Groupama Asset Managment | 65,178 | $6.33M | 0.09% | −2,141−3.2% | Reduced |
| Sumitomo Mitsui DS Asset Management Company, Ltd | 63,158 | $6.13M | 0.05% | +7,000+12.5% | Added |
| Robertson Opportunity Capital, LLC | 63,039 | $6.12M | 2.22% | 00.0% | Unchanged |
| CIBC World Markets Corp | 63,025 | $6.12M | 0.03% | +63,025 | New |
| CWM, LLC | 62,969 | $6.12M | 0.02% | −857−1.3% | Reduced |
| Brinker Capital Investments, LLC | 62,825 | $6.10M | 0.04% | −6,653−9.6% | Reduced |
| Montag A & Associates Inc | 62,215 | $6.04M | 0.28% | −1,916−3.0% | Reduced |
| Atria Investments LLC | 61,823 | $6.00M | 0.07% | +13,942+29.1% | Added |
| M&T Bank Corp | 61,076 | $5.93M | 0.02% | +13,160+27.5% | Added |
| Rakuten Investment Management, Inc. | 59,677 | $5.90M | 0.02% | +58,128+3,752.6% | Added |
| BI Asset Management Fondsmaeglerselskab A/S | 58,649 | $5.70M | 0.05% | +699+1.2% | Added |
| Nissay Asset Management Corp | 58,225 | $5.66M | 0.03% | +3,327+6.1% | Added |
| Davenport & Co LLC | 58,214 | $5.65M | 0.03% | +456+0.8% | Added |
| Stratos Wealth Partners, LTD. | 57,494 | $5.58M | 0.06% | −214−0.4% | Reduced |
| Northstar Asset Management Inc | 57,276 | $5.56M | 1.44% | +5,540+10.7% | Added |