Nasdaq Ownership | Who Owns Nasdaq?
Nasdaq Ownership Summary
Nasdaq is owned by 53.49% institutional investors, 10.84% insiders, and 35.67% retail investors. Vanguard group is the largest institutional shareholder, holding 10.50% of NDAQ shares. Vanguard Wellington™ Inv is the top mutual fund, with 2.87% of its assets in Nasdaq shares.
NDAQ Ownership Benchmark
| Type | Name | % Inst | % Insiders | % Retail |
|---|---|---|---|---|
| Stock | Nasdaq | 53.49% | 10.84% | 35.67% |
| Sector | Financial Services Stocks | 32.19% | 15.44% | 52.37% |
| Industry | Financial Data & Stock Exchanges Stocks | 42.82% | 15.06% | 42.12% |
Institutional Shareholders
Top Institutional Shareholders by Total Shares
| Holder | Shares | % Holding | Value |
|---|---|---|---|
| Vanguard group | 59.92M | 10.50% | $5.82B |
| Investor ab | 58.18M | 10.13% | $5.15B |
| Wellington management group llp | 39.80M | 6.93% | $3.52B |
| Blackrock funding, inc. /de | 39.50M | 6.92% | $3.84B |
| Blackrock | 33.33M | 5.79% | $2.01B |
| Massachusetts financial services co /ma/ | 27.63M | 4.84% | $2.68B |
| State street | 19.62M | 3.42% | $1.74B |
| Geode capital management | 12.85M | 2.25% | $1.24B |
| Franklin resources | 10.59M | 1.86% | $1.03B |
| Morgan stanley | 9.27M | 1.62% | $900.06M |
Top Institutional Shareholders by % of Total Assets
| Holder | Shares | % Assets | Value |
|---|---|---|---|
| Investor ab | 58.18M | 99.56% | $5.15B |
| Round hill asset management | 88.39K | 5.41% | $8.59M |
| Mcrae capital management | 269.38K | 5.34% | $26.16M |
| Stony point capital | 717.22K | 4.44% | $63.44M |
| Bluemar capital management | 30.27K | 3.80% | $1.82M |
| Seven grand managers | 500.00K | 3.70% | $48.56M |
| Prana capital management, lp | 1.24M | 3.65% | $109.47M |
| Dundas partners llp | 521.73K | 3.57% | $50.68M |
| Raub brock capital management lp | 153.42K | 3.32% | $14.90M |
| First fiduciary investment counsel | 160.53K | 3.02% | $15.59M |
Top Buyers
| Holder | Shares | % Assets | Change |
|---|---|---|---|
| Norges bank | 5.46M | 0.06% | 5.46M |
| Morgan stanley | 9.27M | 0.05% | 3.57M |
| Nuveen | 6.07M | 0.15% | 2.74M |
| Winslow capital management | 2.57M | 0.84% | 2.57M |
| Select equity group | 2.97M | 1.08% | 1.74M |
Top Sellers
| Holder | Shares | % Assets | Change |
|---|---|---|---|
| Thoma bravo | - | - | -42.80M |
| Harris associates l p | 5.91M | 0.84% | -1.87M |
| Wellington management group llp | 39.80M | 0.62% | -1.43M |
| Barclays | 1.25M | 0.03% | -1.20M |
| Jane street group | 29.82K | 0.00% | -1.12M |
New Positions
| Holder | Shares | % Assets | Change | Value |
|---|---|---|---|---|
| Norges bank | 5.46M | 0.06% | 5.46M | $530.10M |
| Winslow capital management | 2.57M | 0.84% | 2.57M | $250.50M |
| Mkp capital management | 350.00K | 1.21% | 350.00K | $34.00M |
| Vancity investment management | 140.58K | 1.65% | 140.58K | $12.43M |
| Axa investment managers | 102.12K | 0.02% | 102.12K | $9.03M |
Sold Out
| Holder | Change |
|---|---|
| Ruedi wealth management | -3.00 |
| Redwood wealth management group | -5.00 |
| Gps wealth strategies group | -5.00 |
| Mendota financial group | -5.00 |
| Perkins coie trust | -6.00 |
Institutional Ownership Trends
| Date | Holdings | Change % | Shares | Change % | Ownership | Change % | Increased Position | Change % | Decreased Position | Change % |
|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2025 | 909 | -15.76% | 305,269,568 | -35.69% | 53 | 0.78% | 478 | -14.95% | 279 | -8.82% |
| Sep 30, 2025 | 1,025 | -2.38% | 469,974,984 | -1.70% | 81 | 1.18% | 534 | -7.61% | 289 | -4.62% |
| Jun 30, 2025 | 1,043 | 9.33% | 477,673,692 | -0.50% | 83 | 1.19% | 575 | 12.30% | 301 | 4.15% |
| Mar 31, 2025 | 19 | -97.94% | 60,659,323 | -87.28% | 10 | 0.15% | 7 | -98.52% | 6 | -97.86% |
| Dec 31, 2024 | 835 | -3.13% | 452,294,746 | -4.20% | 78 | 1.17% | 431 | -9.45% | 251 | -1.18% |
Top Mutual Funds Shareholders
| Holder | Shares | % Holding | Change |
|---|---|---|---|
| Vanguard Wellington™ Inv | 16.47M | 2.87% | 3.58M |
| Vanguard Total Stock Mkt Idx Inv | 16.18M | 2.85% | 34.14K |
| Vanguard Wellington Inv | 15.66M | 2.75% | -736.46K |
| Vanguard US Total Market Shares ETF | 14.57M | 2.53% | 10.66K |
| Vanguard Institutional 500 Index Trust | 11.77M | 2.05% | 80.57K |
| Vanguard 500 Index Investor | 11.49M | 2.02% | 71.63K |
| Vanguard Mid Cap Index Institutional | 11.13M | 1.96% | -58.14K |
| MFS Large Cap Value Equity | 11.10M | 1.95% | -453.43K |
| MFS Value A | 10.93M | 1.92% | -5.96M |
| Franklin Rising Dividends Fund A | 6.52M | 1.14% | - |
Recent Insider Transactions
| Date | Name | Role | Activity | Value |
|---|---|---|---|---|
| Mar 06, 2026 | FRIEDMAN ADENA T | Chair and CEO | Sell | $8.36M |
| Mar 02, 2026 | Smith Bryan Everard | EVP, CPO | Sell | $523.44K |
| Feb 19, 2026 | Daly Michelle Lynn | SVP, Controller & PAO | Sell | $352.93K |
| Feb 17, 2026 | Torgeby Johan | - | Buy | $958.32K |
| Feb 13, 2026 | INVESTOR AB | - | Buy | $15.84M |
Insider Transactions Trends
| Date | Buy | Sell |
|---|---|---|
| 2026 Q1 | 2 | 6 |
| 2025 Q4 | - | 4 |
| 2025 Q3 | - | 6 |
| 2025 Q2 | - | 10 |
| 2025 Q1 | - | 5 |
NDAQ Ownership FAQ
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