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 |
|---|---|---|---|---|---|
| Focus Financial Network, Inc. | 2,828 | $274.7K | 0.01% | 00.0% | Unchanged |
| PDS Planning, Inc | 2,809 | $272.8K | 0.02% | −21−0.7% | Reduced |
| Longboard Asset Management, LP | 2,753 | $267.4K | 1.70% | 00.0% | Unchanged |
| Avidian Wealth Solutions, LLC | 2,713 | $263.5K | 0.01% | +133+5.2% | Added |
| Central Trust Co | 2,703 | $262.6K | 0.01% | −86−3.1% | Reduced |
| Banco BTG Pactual S.A. | 2,700 | $262.3K | 0.05% | 00.0% | Unchanged |
| Smartleaf Asset Management LLC | 2,664 | $261.6K | 0.01% | +266+11.1% | Added |
| VARCOV Co. | 2,681 | $260.4K | 0.10% | +2,681 | New |
| Advisory Alpha, LLC | 2,649 | $257.4K | 0.01% | −39−1.5% | Reduced |
| Caerus Investment Advisors, LLC | 2,649 | $257.3K | 0.09% | −5,441−67.3% | Reduced |
| R Squared Ltd | 2,642 | $256.6K | 0.12% | −17,686−87.0% | Reduced |
| Patton Fund Management, Inc. | 2,634 | $255.8K | 0.03% | −288−9.9% | Reduced |
| Orgel Wealth Management, LLC | 2,623 | $254.8K | 0.01% | +118+4.7% | Added |
| HBK Sorce Advisory LLC | 2,999 | $254.4K | 0.01% | +106+3.7% | Added |
| Ted Buchan & Co | 2,613 | $253.8K | 0.09% | 00.0% | Unchanged |
| Baader Bank INC | 2,633 | $252.5K | 0.02% | −5,817−68.8% | Reduced |
| Great Lakes Advisors, LLC | 2,597 | $252.2K | 0.00% | 00.0% | Unchanged |
| Claret Asset Management Corp | 2,598 | $252.0K | 0.03% | −6−0.2% | Reduced |
| Kingswood Wealth Advisors, LLC | 2,584 | $251.0K | 0.01% | +39+1.5% | Added |
| Kingsview Wealth Management, LLC | 2,571 | $249.8K | 0.00% | −168−6.1% | Reduced |
| L2 Asset Management, LLC | 2,551 | $247.8K | 0.03% | +276+12.1% | Added |
| Isthmus Partners, LLC | 2,550 | $247.7K | 0.03% | 00.0% | Unchanged |
| Accurate Wealth Management, LLC | 2,520 | $247.7K | 0.03% | +98+4.0% | Added |
| Cerro Pacific Wealth Advisors LLC | 2,540 | $246.7K | 0.07% | +256+11.2% | Added |
| Caitong International Asset Management Co., Ltd | 2,537 | $246.4K | 0.06% | +2,535+126,750.0% | Added |
| Penserra Capital Management LLC | 2,508 | $242.0K | 0.00% | +212+9.2% | Added |
| Stonebridge Financial Group, LLC | 2,476 | $240.5K | 0.21% | +2,476 | New |
| Conning Inc. | 2,469 | $239.8K | 0.01% | −118−4.6% | Reduced |
| AlphaCentric Advisors LLC | 2,458 | $238.7K | 0.24% | +2,458 | New |
| Fi3 FINANCIAL ADVISORS, LLC | 2,449 | $237.9K | 0.07% | −378−13.4% | Reduced |
| Hibernia Wealth Partners, LLC | 2,437 | $236.7K | 0.07% | +2,437 | New |
| Wesbanco Bank Inc | 2,437 | $236.7K | 0.01% | −55−2.2% | Reduced |
| Alpha Cubed Investments, LLC | 2,414 | $234.5K | 0.01% | 00.0% | Unchanged |
| Perennial Investment Advisors, LLC | 2,414 | $234.4K | 0.02% | −3−0.1% | Reduced |
| Alpha Family Trust | 2,400 | $233.1K | 0.11% | 00.0% | Unchanged |
| Pinnacle Wealth Planning Services, Inc. | 2,387 | $231.8K | 0.02% | +9+0.4% | Added |
| QSV Equity Investors LLC | 2,385 | $231.7K | 0.34% | −29−1.2% | Reduced |
| Allegheny Financial Group LTD | 2,364 | $229.6K | 0.03% | +3+0.1% | Added |
| Independent Wealth Network Inc. | 2,347 | $228.0K | 0.07% | +2,347 | New |
| Cooper Financial Group | 2,328 | $226.1K | 0.02% | +2,328 | New |
| Fukoku Mutual Life Insurance Co | 2,312 | $224.6K | 0.01% | −608−20.8% | Reduced |
| Ancora Advisors, LLC | 2,310 | $224.4K | 0.00% | +274+13.5% | Added |
| SmartHarvest Portfolios, LLC | 2,307 | $224.1K | 0.08% | +2,307 | New |
| Jacobi Capital Management LLC | 2,292 | $222.6K | 0.01% | +2,292 | New |
| Grant Private Wealth Management Inc | 2,289 | $222.3K | 0.13% | −38−1.6% | Reduced |
| Wealthspire Advisors, LLC | 2,268 | $220.3K | 0.00% | +1,993+724.7% | Added |
| Turtle Creek Wealth Advisors, LLC | 2,268 | $220.3K | 0.02% | +2,268 | New |
| Alteri Wealth LLC | 2,263 | $219.8K | 0.07% | +2,263 | New |
| Simplicity Wealth,LLC | 2,260 | $219.5K | 0.01% | −1,359−37.6% | Reduced |
| Retirement Planning Group | 2,259 | $219.4K | 0.01% | +2,259 | New |
| LGT Fund Management Co Ltd. | 2,230 | $218.9K | 0.02% | −580−20.6% | Reduced |
| Genesis Private Wealth, LLC | 2,239 | $217.5K | 0.07% | −54−2.4% | Reduced |
| Thurston, Springer, Miller, Herd & Titak, Inc. | 2,235 | $217.1K | 0.08% | +2,235 | New |
| TCG Advisory Services, LLC | 2,215 | $215.1K | 0.01% | +2,215 | New |
| Haverford Trust Co | 2,211 | $214.8K | 0.00% | +2,211 | New |
| Keel Point, LLC | 2,203 | $214.0K | 0.01% | −146−6.2% | Reduced |
| BSW Wealth Partners | 2,198 | $213.5K | 0.03% | −138−5.9% | Reduced |
| Norden Group LLC | 2,184 | $212.1K | 0.02% | +2,184 | New |
| Transcend Wealth Collective, LLC | 2,176 | $211.4K | 0.02% | −404−15.7% | Reduced |
| OpenArc Corporate Advisory, LLC | 2,163 | $210.1K | 0.00% | +2,163 | New |
| Relyea Zuckerberg Hanson LLC | 2,163 | $210.1K | 0.02% | −194−8.2% | Reduced |
| Bridgewater Advisors Inc. | 2,157 | $207.3K | 0.01% | +2,157 | New |
| Integrated Advisors Network LLC | 2,124 | $206.3K | 0.01% | −568−21.1% | Reduced |
| Prelude Capital Management, LLC | 2,113 | $205.2K | 0.02% | +2,113 | New |
| Connecticut Wealth Management, LLC | 2,111 | $205.0K | 0.01% | +2,111 | New |
| Pavion Blue Capital, LLC | 2,100 | $204.0K | 0.08% | +2,100 | New |
| J.W. Cole Advisors, Inc. | 2,425 | $203.6K | 0.00% | +2,425 | New |
| Johnson Financial Group, Inc. | 2,086 | $202.6K | 0.01% | −6,855−76.7% | Reduced |
| LVW Advisors, LLC | 2,060 | $200.1K | 0.02% | +2,060 | New |
| South State Corp. | 2,021 | $196.3K | 0.01% | +175+9.5% | Added |
| Miller Capital Partners, Inc. | 1,935 | $187.9K | 0.10% | +1,935 | New |
| Quent Capital, LLC | 1,900 | $184.6K | 0.01% | −26−1.3% | Reduced |
| J.Safra Asset Management Corp | 1,900 | $184.5K | 0.01% | +838+78.9% | Added |
| Smithfield Trust Co | 1,871 | $183.0K | 0.01% | +36+2.0% | Added |
| Wolff Wiese Magana LLC | 1,768 | $171.7K | 0.09% | 00.0% | Unchanged |
| ORG Wealth Partners, LLC | 1,746 | $169.6K | 0.04% | +112+6.9% | Added |
| Umb Bank N A | 1,705 | $165.6K | 0.00% | +158+10.2% | Added |
| Cheviot Value Management, LLC | 1,638 | $161.7K | 0.02% | 00.0% | Unchanged |
| Covestor Ltd | 1,547 | $150.0K | 0.08% | +200+14.8% | Added |
| NBC Securities, Inc. | 1,529 | $148.5K | 0.01% | +111+7.8% | Added |
| Catalyst Capital Advisors LLC | 1,525 | $148.1K | 0.00% | +656+75.5% | Added |
| Trust Co of Toledo NA | 1,525 | $148.1K | 0.01% | 00.0% | Unchanged |
| Larson Financial Group LLC | 1,489 | $144.7K | 0.00% | −142−8.7% | Reduced |
| Wellington-Altus USA Inc. | 1,412 | $137.1K | 0.10% | +1,412 | New |
| Peoples Financial Services Corp. | 1,400 | $136.0K | 0.06% | −79−5.3% | Reduced |
| Lavaca Capital LLC | 1,400 | $136.0K | 0.02% | 00.0% | Unchanged |
| Missouri Trust & Investment Co | 1,330 | $129.2K | 0.04% | 00.0% | Unchanged |
| Whittier Trust Co | 1,177 | $118.5K | 0.00% | +277+30.8% | Added |
| Financial Network Wealth Advisors LLC | 1,144 | $111.1K | 0.12% | +13+1.1% | Added |
| TCTC Holdings, LLC | 1,134 | $110.1K | 0.00% | 00.0% | Unchanged |
| Sentry Investment Management LLC | 1,121 | $109.0K | 0.07% | 00.0% | Unchanged |
| Cromwell Holdings LLC | 1,068 | $103.7K | 0.06% | 00.0% | Unchanged |
| True Wealth Design, LLC | 1,055 | $102.5K | 0.03% | +291+38.1% | Added |
| Rakuten Securities, Inc. | 1,047 | $101.7K | 0.03% | −1,430−57.7% | Reduced |
| Bayforest Capital Ltd | 1,039 | $100.9K | 0.08% | −95−8.4% | Reduced |
| Onefund, LLC | 1,003 | $97.4K | 0.06% | +86+9.4% | Added |
| Osterweis Capital Management Inc | 1,000 | $97.1K | 0.00% | 00.0% | Unchanged |
| Bartlett & Co. Wealth Management LLC | 995 | $96.6K | 0.00% | +650+188.4% | Added |
| Private Wealth Asset Management, LLC | 910 | $88.4K | 0.01% | +200+28.2% | Added |
| Golden State Wealth Management, LLC | 909 | $88.3K | 0.01% | 00.0% | Unchanged |