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 |
|---|---|---|---|---|---|
| Hartford Investment Management Co | 26,143 | $2.54M | 0.08% | −589−2.2% | Reduced |
| Leavell Investment Management, Inc. | 26,135 | $2.54M | 0.11% | 00.0% | Unchanged |
| Westover Capital Advisors, LLC | 25,965 | $2.52M | 0.46% | +4,942+23.5% | Added |
| Kentucky Retirement Systems | 25,892 | $2.51M | 0.07% | 00.0% | Unchanged |
| Colony Group, LLC | 25,316 | $2.46M | 0.00% | +4,782+23.3% | Added |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | 25,284 | $2.46M | 0.04% | +1,028+4.2% | Added |
| Fiduciary Alliance LLC | 25,136 | $2.44M | 0.16% | +564+2.3% | Added |
| Graham Capital Management, L.P. | 24,735 | $2.40M | 0.08% | −28,120−53.2% | Reduced |
| Adviser Investments LLC | 24,575 | $2.39M | 0.03% | −377−1.5% | Reduced |
| Campbell Capital Management Inc | 24,500 | $2.38M | 0.81% | +24,500 | New |
| Ameritas Investment Partners, Inc. | 24,391 | $2.37M | 0.07% | −1,774−6.8% | Reduced |
| Gardner Lewis Asset Management L P | 24,080 | $2.34M | 0.59% | 00.0% | Unchanged |
| MAI Capital Management | 23,958 | $2.33M | 0.01% | +2,457+11.4% | Added |
| D.A. Davidson & Co. | 23,756 | $2.31M | 0.01% | +14,330+152.0% | Added |
| Anfield Capital Management, LLC | 23,274 | $2.26M | 0.71% | −2,866−11.0% | Reduced |
| Prime Capital Investment Advisors, LLC | 23,273 | $2.26M | 0.03% | +75+0.3% | Added |
| Shelton Capital Management | 23,240 | $2.26M | 0.04% | 00.0% | Unchanged |
| Huntington National Bank | 23,150 | $2.25M | 0.01% | −425−1.8% | Reduced |
| Simmons Bank | 23,106 | $2.24M | 0.15% | +23,106 | New |
| Maryland State Retirement & Pension System | 23,066 | $2.24M | 0.05% | +2,500+12.2% | Added |
| Louisiana State Employees Retirement System | 23,000 | $2.23M | 0.04% | −800−3.4% | Reduced |
| VCI Wealth Management LLC | 22,992 | $2.23M | 0.62% | +22,992 | New |
| First Horizon Corp | 22,699 | $2.20M | 0.10% | +965+4.4% | Added |
| Machina Capital S.A.S. | 22,071 | $2.14M | 0.41% | −2,659−10.8% | Reduced |
| Gulf International Bank (UK) Ltd | 21,891 | $2.13M | 0.07% | +209+1.0% | Added |
| Virtus Investment Advisers, Inc. | 21,685 | $2.11M | 0.57% | +21,685 | New |
| Roman Butler Fullerton & Co | 21,111 | $2.09M | 0.55% | +23+0.1% | Added |
| Allspring Global Investments Holdings, LLC | 21,502 | $2.08M | 0.00% | +627+3.0% | Added |
| New Mexico Educational Retirement Board | 20,884 | $2.03M | 0.06% | +2,200+11.8% | Added |
| ING Groep NV | 20,821 | $2.02M | 0.01% | −407−1.9% | Reduced |
| Regions Financial Corp | 20,530 | $1.99M | 0.01% | −8,698−29.8% | Reduced |
| Envestnet Portfolio Solutions, Inc. | 20,436 | $1.98M | 0.01% | −521−2.5% | Reduced |
| Pittenger & Anderson Inc | 20,417 | $1.98M | 0.08% | −2,222−9.8% | Reduced |
| Wiley Bros.-Aintree Capital, LLC | 20,129 | $1.96M | 0.01% | +3,617+21.9% | Added |
| Portfolio Design Labs, LLC | 19,698 | $1.91M | 0.32% | +421+2.2% | Added |
| Numerai GP LLC | 19,671 | $1.91M | 0.23% | +14,067+251.0% | Added |
| Blue Jean Financial LLC | 19,609 | $1.90M | 1.55% | +19,609 | New |
| Heritage Family Offices, LLP | 19,265 | $1.87M | 0.85% | −1,286−6.3% | Reduced |
| AG2R la Mondiale Gestion D'Actifs | 18,983 | $1.84M | 0.08% | +1,762+10.2% | Added |
| Ballentine Partners, LLC | 18,911 | $1.84M | 0.03% | +366+2.0% | Added |
| Evelyn Partners Investment Management (Europe) Ltd | 18,535 | $1.80M | 0.58% | +338+1.9% | Added |
| MUFG Securities EMEA plc | 18,493 | $1.80M | 0.02% | +9,817+113.2% | Added |
| Arwa LLC | 18,470 | $1.79M | 1.05% | +18,470 | New |
| Diversify Advisory Services, LLC | 17,758 | $1.79M | 0.06% | −2,938−14.2% | Reduced |
| Legacy Bridge, LLC | 18,275 | $1.78M | 0.72% | +195+1.1% | Added |
| Waterfront Wealth Inc. | 18,022 | $1.77M | 0.34% | +27+0.2% | Added |
| Morse Asset Management, Inc | 18,204 | $1.77M | 0.35% | +7,119+64.2% | Added |
| Abn Amro Investment Solutions | 18,177 | $1.77M | 0.03% | +18,177 | New |
| Ninepoint Partners LP | 18,163 | $1.76M | 0.21% | +15,647+621.9% | Added |
| GAMMA Investing LLC | 18,058 | $1.75M | 0.09% | +1,123+6.6% | Added |
| Foyston, Gordon, & Payne Inc | 17,918 | $1.74M | 0.38% | +17,918 | New |
| Clarus Wealth Advisors | 17,579 | $1.74M | 0.72% | +584+3.4% | Added |
| Healthcare of Ontario Pension Plan Trust Fund | 17,832 | $1.73M | 0.00% | −777,662−97.8% | Reduced |
| Greenleaf Trust | 17,148 | $1.67M | 0.02% | +2,190+14.6% | Added |
| Tealwood Asset Management Inc | 17,137 | $1.67M | 0.75% | −411−2.3% | Reduced |
| Summit Trail Advisors, LLC | 17,001 | $1.65M | 0.03% | +995+6.2% | Added |
| Helios Capital Management Pte. Ltd | 16,950 | $1.65M | 1.13% | 00.0% | Unchanged |
| RMB Capital Management, LLC | 16,897 | $1.64M | 0.03% | +3,937+30.4% | Added |
| Illinois Municipal Retirement Fund | 16,856 | $1.64M | 0.02% | −5,295−23.9% | Reduced |
| Farther Finance Advisors, LLC | 16,791 | $1.63M | 0.02% | +2,674+18.9% | Added |
| Kovitz Investment Group Partners, LLC | 16,765 | $1.63M | 0.04% | −9,743−36.8% | Reduced |
| Tokio Marine Asset Management Co Ltd | 16,663 | $1.62M | 0.06% | +1,623+10.8% | Added |
| Lombard Odier Asset Management (Switzerland) SA | 16,313 | $1.58M | 0.07% | −67,803−80.6% | Reduced |
| Mount Lucas Management LP | 16,293 | $1.58M | 0.70% | +60.0% | Added |
| Everence Capital Management Inc | 16,010 | $1.55M | 0.09% | 00.0% | Unchanged |
| Paradigm Asset Management Co LLC | 15,900 | $1.54M | 0.36% | −1,000−5.9% | Reduced |
| G&S Capital LLC | 15,685 | $1.52M | 0.54% | −216−1.4% | Reduced |
| Los Angeles Capital Management LLC | 17,784 | $1.52M | 0.01% | −31,223−63.7% | Reduced |
| Vident Advisory, LLC | 15,667 | $1.52M | 0.01% | −21,202−57.5% | Reduced |
| Merit Financial Group, LLC | 15,622 | $1.52M | 0.01% | +1,977+14.5% | Added |
| Polymer Capital Management (US) LLC | 15,576 | $1.51M | 0.20% | +15,576 | New |
| Ramirez Asset Management, Inc. | 15,451 | $1.50M | 0.20% | 00.0% | Unchanged |
| Legato Capital Management LLC | 15,315 | $1.49M | 0.13% | 00.0% | Unchanged |
| IKE Capital, LLC | 15,222 | $1.48M | 1.29% | +15,222 | New |
| TKG Advisors, LLC | 15,105 | $1.47M | 0.59% | +91+0.6% | Added |
| Hunter Associates Investment Management LLC | 14,997 | $1.46M | 0.19% | 00.0% | Unchanged |
| Bryn Mawr Trust Co | 14,956 | $1.45M | 0.03% | −125−0.8% | Reduced |
| Mission Wealth Management, LP | 14,950 | $1.45M | 0.03% | −298−2.0% | Reduced |
| E. Ohman J:or Asset Management AB | 14,872 | $1.44M | 0.03% | −4,450−23.0% | Reduced |
| Vontobel Holding Ltd. | 14,870 | $1.44M | 0.00% | −5,685−27.7% | Reduced |
| WCG Wealth Advisors LLC | 14,850 | $1.44M | 0.04% | +14,850 | New |
| Aso Group Ltd | 14,808 | $1.44M | 0.56% | +14,808 | New |
| Quadrant Capital Group LLC | 14,702 | $1.43M | 0.04% | +670+4.8% | Added |
| Axq Capital, LP | 14,667 | $1.42M | 0.32% | +11,547+370.1% | Added |
| Kensington Investment Counsel, LLC | 14,413 | $1.40M | 0.57% | +1,063+8.0% | Added |
| Northwestern Mutual Investment Management Company, LLC | 14,412 | $1.40M | 0.02% | −35−0.2% | Reduced |
| Tower Research Capital LLC (TRC) | 14,410 | $1.40M | 0.03% | +10,217+243.7% | Added |
| Vestmark Advisory Solutions, Inc. | 14,406 | $1.40M | 0.02% | +11,637+420.3% | Added |
| Everhart Financial Group, Inc. | 14,345 | $1.39M | 0.13% | +5,789+67.7% | Added |
| Landscape Capital Management, L.L.C. | 14,333 | $1.39M | 0.09% | +14,333 | New |
| Harmony Asset Management LLC | 14,290 | $1.39M | 0.47% | +11,805+475.1% | Added |
| North Dakota State Investment Board | 14,106 | $1.37M | 0.05% | +14,106 | New |
| Entropy Technologies, LP | 13,921 | $1.35M | 0.07% | −34,510−71.3% | Reduced |
| Clark Capital Management Group, Inc. | 13,908 | $1.35M | 0.01% | 00.0% | Unchanged |
| HB Wealth Management, LLC | 13,828 | $1.34M | 0.01% | +604+4.6% | Added |
| Martin Capital Advisors, LLP | 13,580 | $1.32M | 0.77% | 00.0% | Unchanged |
| Copeland Capital Management, LLC | 13,536 | $1.31M | 0.03% | −374−2.7% | Reduced |
| Picton Mahoney Asset Management | 13,531 | $1.31M | 0.01% | +13,531 | New |
| Hartford Funds Management Co LLC | 13,521 | $1.31M | 0.11% | +5,994+79.6% | Added |
| Canada Post Corp Registered Pension Plan | 13,437 | $1.31M | 0.05% | −1,590−10.6% | Reduced |