Nasdaq, Inc. (NDAQ) Institutional Ownership

Institutions by Trading Activity

Ownership Statistics

509,790,210Shares Outstanding

60,961,707Shares held by institutions

$4,891,567,370Value of institutional holdings

74.95%Institutional ownership %

2.48%Shares Changed QoQ

491No. of institutional investors

Shares Owned by Institutions

Shares Purchased/Sold by Institutions

Ownership Summary

According to SEC filings for the period ending December 2025, Nasdaq, Inc. (NASDAQ:NDAQ) is held by 1045 institutional firms.

The collective stake of institutional investors in Nasdaq moved to 81.0% in December 2025, a shift down from the 82.1% reported for September 2025.
Institutional share ownership changed by 1.80% QoQ, while the number of institutional owners saw an increase of 17.02% YoY.
Among the 1045 institutional holders of Nasdaq, 563 added to their stakes while 336 trimmed their positions and 146 held steady.
This class of investors increased its holdings in Nasdaq to 468.93Mn shares for the 13F-cycle ending December 2025, up by 8.27Mn shares quarter on quarter, and down 9.57Mn shares year over year.
As of December 31, 2025, VANGUARD GROUP INC held Nasdaq's largest shareholding position with over 59.92Mn shares, representing 10.35% of total outstanding shares.
Among the most significant buyers of Nasdaq during December 2025 were NORGES BANK (5.46Mn), MORGAN STANLEY (3.57Mn), Nuveen, LLC (2.74Mn), HARRIS ASSOCIATES L P (2.72Mn), Winslow Capital Management, LLC (2.57Mn).
Leading sellers of Nasdaq stock in December 2025 included WELLINGTON MANAGEMENT GROUP LLP (2.14Mn), Liontrust Investment Partners LLP (1.76Mn), CITADEL ADVISORS LLC (1.57Mn), Qube Research & Technologies Ltd (1.36Mn), BARCLAYS PLC (1.20Mn).
The top 10 institutional holders of Nasdaq for the quarter ending December 2025 included VANGUARD GROUP INC (59.92Mn), INVESTOR AB (58.18Mn), BlackRock, Inc. (39.50Mn), WELLINGTON MANAGEMENT GROUP LLP (37.66Mn), MASSACHUSETTS FINANCIAL SERVICES CO /MA/ (27.63Mn), STATE STREET CORP (19.88Mn), GEODE CAPITAL MANAGEMENT, LLC (12.85Mn), FRANKLIN RESOURCES INC (10.59Mn), MORGAN STANLEY (9.27Mn), BANK OF AMERICA CORP /DE/ (8.69Mn).

1,045 Institutional Holders

60,961,707 Total Shares Held

Rows:

Download Data

Owner Name	Date	Shares Held	Change (QoQ)	Change (%)	Value (USD)
VANGUARD GROUP INC	31 Dec, 2025	59,916,887	268,481	0.45%	$5,819,727,234.00
INVESTOR AB	31 Dec, 2025	58,182,426	0	0.00%	$5,651,259,037.00
BlackRock, Inc.	31 Dec, 2025	39,503,815	-661,249	-1.65%	$3,837,005,619.00
WELLINGTON MANAGEMENT GROUP LLP	31 Dec, 2025	37,659,824	-2,143,068	-5.38%	$3,657,898,706.00
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	31 Dec, 2025	27,627,767	1,258,964	4.77%	$2,683,485,008.00
STATE STREET CORP	31 Dec, 2025	19,878,600	259,408	1.32%	$1,930,808,418.00
GEODE CAPITAL MANAGEMENT, LLC	31 Dec, 2025	12,851,894	378,577	3.04%	$1,243,807,404.00
FRANKLIN RESOURCES INC	31 Dec, 2025	10,589,679	6,786	0.06%	$1,028,575,520.00
MORGAN STANLEY	31 Dec, 2025	9,266,562	3,567,843	62.61%	$900,061,309.00
BANK OF AMERICA CORP /DE/	31 Dec, 2025	8,691,428	1,759,982	25.39%	$844,198,376.00
HARRIS ASSOCIATES L P	31 Dec, 2025	8,621,689	2,716,280	46.00%	$837,424,691.00
Nuveen, LLC	31 Dec, 2025	6,073,271	2,736,322	82.00%	$589,896,812.00
AMERIPRISE FINANCIAL INC	31 Dec, 2025	5,662,037	1,706	0.03%	$550,865,858.00
GOLDMAN SACHS GROUP INC	31 Dec, 2025	5,501,105	-292,468	-5.05%	$534,322,352.00
NORGES BANK	31 Dec, 2025	5,457,639	5,457,639	0.00%	$530,100,476.00
MANUFACTURERS LIFE INSURANCE COMPANY, THE	31 Dec, 2025	4,662,676	-405,600	-8.00%	$452,885,968.00
NORTHERN TRUST CORP	31 Dec, 2025	4,269,918	71,310	1.70%	$414,737,135.00
UBS Group AG	31 Dec, 2025	3,849,407	-319,375	-7.66%	$373,892,902.00
Select Equity Group, L.P.	31 Dec, 2025	3,752,757	782,105	26.33%	$364,505,287.00
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC	31 Dec, 2025	3,698,538	169,318	4.80%	$359,238,996.00

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