| 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 31 Dec 2025, 1,076 institutional investors reported holding 478,584,274 shares of NASDAQ, INC. - Common Stock (NDAQ). This represents 83% of the company’s total 574,094,379 outstanding shares.
The largest institutional shareholders of NASDAQ, INC. - Common Stock (NDAQ) together control 62% 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% | 59,916,887 | +0.45% | 0.08% | $5,819,727,234 |
| INVESTOR AB | 10% | 58,182,426 | 0% | 100% | $5,651,259,037 |
| BlackRock, Inc. | 6.9% | 39,503,815 | -1.6% | 0.07% | $3,837,005,619 |
| WELLINGTON MANAGEMENT GROUP LLP | 6.6% | 37,659,824 | -5.4% | 0.64% | $3,657,898,706 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 4.8% | 27,627,767 | +4.8% | 0.87% | $2,683,485,008 |
| STATE STREET CORP | 3.5% | 19,878,600 | +1.3% | 0.06% | $1,930,808,418 |
| GEODE CAPITAL MANAGEMENT, LLC | 2.2% | 12,851,894 | +3% | 0.08% | $1,243,807,404 |
| FRANKLIN RESOURCES INC | 1.8% | 10,589,679 | +0.06% | 0.25% | $1,028,575,520 |
| MORGAN STANLEY | 1.6% | 9,266,562 | +63% | 0.05% | $900,061,309 |
| BANK OF AMERICA CORP /DE/ | 1.5% | 8,691,428 | +25% | 0.06% | $844,198,376 |
| HARRIS ASSOCIATES L P | 1.5% | 8,621,689 | +46% | 1.1% | $837,424,691 |
| Nuveen, LLC | 1.1% | 6,073,271 | +82% | 0.15% | $589,896,812 |
| AMERIPRISE FINANCIAL INC | 0.99% | 5,662,037 | +0.03% | 0.12% | $550,865,858 |
| GOLDMAN SACHS GROUP INC | 0.96% | 5,501,105 | -5% | 0.08% | $534,322,352 |
| NORGES BANK | 0.95% | 5,457,639 | 0.06% | $530,100,476 | |
| Invesco Ltd. | 0.94% | 5,369,264 | +6.4% | 0.08% | $521,516,636 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | 0.81% | 4,662,676 | -8% | 0.37% | $452,885,968 |
| NORTHERN TRUST CORP | 0.74% | 4,269,918 | +1.7% | 0.05% | $414,737,135 |
| UBS Group AG | 0.67% | 3,849,407 | -7.7% | 0.07% | $373,892,902 |
| Select Equity Group, L.P. | 0.65% | 3,752,757 | +26% | 1.7% | $364,505,287 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.64% | 3,698,538 | +4.8% | 0.08% | $359,238,996 |
| FMR LLC | 0.57% | 3,294,111 | +77% | 0.02% | $319,957,075 |
| FARALLON CAPITAL MANAGEMENT LLC | 0.52% | 2,989,213 | -17% | 1.7% | $290,342,259 |
| Mariner, LLC | 0.5% | 2,875,927 | +2.5% | 0.33% | $279,345,183 |
| Legal & General Group Plc | 0.5% | 2,855,235 | +1.6% | 0.06% | $277,328,976 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 478,584,274 | $46,474,479,060 | +$587,256,936 | $97.13 | 1,076 |
| 2025 Q3 | 474,694,123 | $41,967,689,650 | -$428,356,778 | $88.45 | 1,040 |
| 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 |