NASDAQ, INC. - Common Stock (NDAQ) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Common Stock
Symbol
NDAQ on Nasdaq
Shares outstanding
574,094,379
Price per share
$97.13
All holders as of 30 Sep 2025
Q3 2025
Total 13F shares
474,667,637
Total reported value
$41,965,491,544
% of total 13F portfolios
0.02%
Share change
-4,790,005
Value change
-$432,781,924
Number of holders
1,032
Price from insider filings
$97.13
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of NASDAQ, INC. - Common Stock (NDAQ) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
VANGUARD GROUP INC 10% $5,275,865,722 59,648,406 The Vanguard Group 30 Sep 2025
WELLINGTON MANAGEMENT GROUP LLP 7.2% +25% $3,741,445,984 +$771,895,092 41,237,143 +26% Wellington Management Group LLP 30 Jun 2025
Argus Seller, LP 4.4% $1,934,511,280 25,474,207 Argus Seller, LP 07 May 2025

As of 30 Sep 2025, 1,032 institutional investors reported holding 474,667,637 shares of NASDAQ, INC. - Common Stock (NDAQ). This represents 83% of the company’s total 574,094,379 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of NASDAQ, INC. - Common Stock (NDAQ) together control 59% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
VANGUARD GROUP INC 10% 59,648,406 +6.9% 0.08% $5,275,901,511
INVESTOR AB 10% 58,182,426 0% 100% $5,146,235,580
BlackRock, Inc. 7% 40,165,064 +8.3% 0.06% $3,552,599,905
WELLINGTON MANAGEMENT GROUP LLP 6.9% 39,802,892 -3.5% 0.62% $3,520,565,797
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 4.6% 26,368,803 -3.3% 0.72% $2,332,320,626
STATE STREET CORP 3.4% 19,619,192 +7.7% 0.06% $1,735,317,532
GEODE CAPITAL MANAGEMENT, LLC 2.2% 12,473,317 +8.9% 0.07% $1,099,118,271
FRANKLIN RESOURCES INC 1.8% 10,582,893 -1.5% 0.23% $936,056,886
BANK OF AMERICA CORP /DE/ 1.2% 6,931,446 -2% 0.05% $613,086,377
HARRIS ASSOCIATES L P 1% 5,905,409 -24% 0.84% $522,333,401
GOLDMAN SACHS GROUP INC 1% 5,793,573 +2.2% 0.07% $512,441,495
MORGAN STANLEY 0.99% 5,698,719 +5.5% 0.03% $504,051,936
AMERIPRISE FINANCIAL INC 0.99% 5,660,331 -4% 0.12% $500,333,586
MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.88% 5,068,276 -17% 0.37% $448,289,041
Invesco Ltd. 0.88% 5,044,521 +12% 0.07% $446,187,870
NORTHERN TRUST CORP 0.73% 4,198,608 +2.9% 0.05% $371,366,877
UBS Group AG 0.73% 4,168,782 -4.7% 0.07% $368,728,769
FARALLON CAPITAL MANAGEMENT LLC 0.63% 3,623,043 -11% 1.8% $320,458,153
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC 0.61% 3,529,220 -23% 0.07% $312,159,510
Nuveen, LLC 0.58% 3,336,949 +4.9% 0.08% $295,153,139
Select Equity Group, L.P. 0.52% 2,970,652 +141% 1.1% $262,754,169
Amundi 0.51% 2,939,790 -17% 0.08% $259,201,283
BESSEMER GROUP INC 0.51% 2,927,331 -9.5% 0.4% $258,921,000
Legal & General Group Plc 0.49% 2,809,452 +3.1% 0.06% $248,496,031
Mariner, LLC 0.49% 2,804,678 +5.2% 0.32% $248,080,377

Institutional Holders of NASDAQ, INC. - Common Stock (NDAQ) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 5,044,834 $489,847,267 +$14,561,562 $97.13 126
2025 Q3 474,667,637 $41,965,491,544 -$432,781,924 $88.45 1,032
2025 Q2 478,482,292 $42,771,378,662 +$482,255,591 $89.42 1,011
2025 Q1 481,196,732 $36,487,277,922 +$240,079,600 $75.86 920
2024 Q4 477,688,569 $36,951,941,627 -$250,947,202 $77.31 897
2024 Q3 477,785,575 $34,872,646,639 -$152,365,755 $73.01 832
2024 Q2 477,602,320 $28,793,076,003 -$101,579,806 $60.26 751
2024 Q1 480,038,895 $30,273,839,673 +$2,877,524,737 $63.10 757
2023 Q4 434,198,385 $25,233,693,591 +$4,425,027,999 $58.14 719
2023 Q3 358,861,466 $17,440,736,749 -$103,521,014 $48.59 691
2023 Q2 360,458,406 $17,974,592,939 -$88,245,535 $49.85 685
2023 Q1 360,563,891 $19,707,144,198 -$257,732,122 $54.67 678
2022 Q4 367,214,894 $22,530,084,730 +$127,458,522 $61.35 708
2022 Q3 364,970,719 $20,692,311,051 +$13,744,620,773 $56.68 666
2022 Q2 120,836,364 $18,433,200,855 +$184,359,648 $152.54 626
2022 Q1 121,191,299 $21,604,005,236 -$573,787,586 $178.20 668
2021 Q4 123,874,100 $25,994,242,637 -$121,782,197 $210.01 701
2021 Q3 121,766,059 $23,497,009,520 +$17,305,914 $193.02 601
2021 Q2 120,986,863 $21,261,969,653 -$110,765,581 $175.80 591
2021 Q1 121,781,674 $17,953,480,643 -$201,913,659 $147.46 582
2020 Q4 103,931,680 $13,790,299,939 +$561,583 $132.74 574
2020 Q3 122,889,617 $15,075,949,059 -$166,899,002 $122.71 570
2020 Q2 124,065,603 $14,827,697,942 -$33,649,155 $119.47 528
2020 Q1 124,035,104 $11,787,899,334 -$232,806,289 $94.95 521
2019 Q4 126,312,806 $13,527,011,855 +$199,833,701 $107.10 532
2019 Q3 125,283,602 $12,447,312,473 -$125,025,302 $99.35 504
2019 Q2 126,869,492 $12,189,941,128 +$9,355,850 $96.17 509
2019 Q1 127,412,946 $11,148,440,956 +$131,442,507 $87.49 493
2018 Q4 125,969,459 $10,342,178,028 +$77,775,846 $81.57 515
2018 Q3 124,919,929 $10,716,974,817 -$52,933,738 $85.80 506
2018 Q2 125,455,742 $11,448,977,860 -$62,960,074 $91.27 510
2018 Q1 126,387,712 $10,895,381,277 -$86,762,186 $86.22 486
2017 Q4 128,016,271 $9,835,429,464 +$113,016,841 $76.83 498
2017 Q3 126,371,695 $9,800,900,527 +$137,502,866 $77.57 449
2017 Q2 124,822,394 $8,922,969,430 +$85,310,105 $71.49 440
2017 Q1 123,268,532 $8,560,884,767 +$594,392,540 $69.45 451
2016 Q4 123,794,569 $8,309,077,257 +$17,549,044 $67.12 458
2016 Q3 123,233,228 $8,318,688,792 -$78,898,097 $67.54 453
2016 Q2 124,443,944 $8,047,776,538 -$67,207,961 $64.67 454
2016 Q1 125,459,106 $8,322,890,010 -$12,989,624 $66.38 441
2015 Q4 125,226,391 $7,285,764,843 -$9,969,549 $58.17 417
2015 Q3 124,666,098 $6,660,487,295 -$70,106,368 $53.33 366
2015 Q2 127,612,527 $6,229,190,736 -$145,356,467 $48.81 375
2015 Q1 130,563,143 $6,646,078,600 +$113,417,364 $50.94 364
2014 Q4 128,368,176 $6,155,802,708 -$174,430,994 $47.96 354
2014 Q3 132,038,521 $5,592,443,879 -$133,695,600 $42.42 347
2014 Q2 135,575,396 $5,236,277,083 +$132,002,662 $38.62 323
2014 Q1 131,948,119 $4,872,140,778 +$115,585,120 $36.94 325