Nasdaq Ownership | Who Owns Nasdaq?

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Nasdaq Ownership Summary

Nasdaq is owned by 81.86% institutional investors, 10.78% insiders, and 7.36% retail investors. Vanguard group is the largest institutional shareholder, holding 10.39% 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	81.86%	10.78%	7.36%
Sector	Financial Services Stocks	36.95%	15.48%	47.58%
Industry	Financial Data & Stock Exchanges Stocks	53.77%	16.18%	30.05%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Vanguard group	59.65M	10.39%	$5.28B
Investor ab	58.18M	10.13%	$5.15B
Blackrock funding, inc. /de	40.17M	7.00%	$3.55B
Wellington management group llp	39.80M	6.93%	$3.52B
Blackrock	33.33M	5.79%	$2.01B
Massachusetts financial services co /ma/	26.37M	4.59%	$2.33B
State street	19.62M	3.42%	$1.74B
Geode capital management	12.47M	2.17%	$1.10B
Franklin resources	10.58M	1.84%	$936.06M
Harris associates l p	5.91M	1.03%	$522.33M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Investor ab	58.18M	99.56%	$5.15B
Round hill asset management	88.83K	5.17%	$7.86M
Mcrae capital management	279.26K	4.90%	$24.70M
Stony point capital	717.22K	4.44%	$63.44M
Bluemar capital management	30.27K	3.80%	$1.82M
Prana capital management, lp	1.24M	3.65%	$109.47M
Seven grand managers	500.00K	3.59%	$44.23M
Dundas partners llp	530.28K	3.31%	$46.90M
Raub brock capital management lp	156.76K	2.98%	$13.87M
Amj financial wealth management	134.09K	2.83%	$11.86M

Top Buyers

Holder	Shares	% Assets	Change
Norges bank	5.49M	0.06%	5.49M
Vanguard group	59.65M	0.08%	3.85M
Blackrock funding, inc. /de	40.17M	0.06%	3.08M
Select equity group	2.97M	1.08%	1.74M
Balyasny asset management	1.64M	0.22%	1.60M

Top Sellers

Holder	Shares	% Assets	Change
Thoma bravo	-	-	-42.80M
Jane street group	1.15M	0.02%	-6.05M
Harris associates l p	5.91M	0.84%	-1.87M
Diamond hill capital management	898.68K	0.38%	-1.66M
Wellington management group llp	39.80M	0.62%	-1.43M

New Positions

Holder	Shares	% Assets	Change	Value
Norges bank	5.49M	0.06%	5.49M	$424.29M
Baltimore-washington financial advisors	196.19K	0.74%	196.19K	$17.35M
Vancity investment management	140.58K	1.65%	140.58K	$12.43M
Abn amro bank	133.16K	0.12%	133.16K	$11.75M
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
Mendota financial group	-5.00
Perkins coie trust	-6.00
Tfo-tdc	-7.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
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%
Sep 30, 2024	855	11.18%	471,945,235	-1.26%	82	1.19%	471	17.46%	252	2.44%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Vanguard Wellington™ Inv	16.47M	2.87%	3.58M
Vanguard Total Stock Mkt Idx Inv	15.34M	2.67%	-366.99K
Vanguard US Total Market Shares ETF	14.57M	2.53%	10.66K
MFS Large Cap Value Equity	12.34M	2.15%	-421.42K
MFS Value A	11.77M	2.05%	-573.12K
Vanguard Institutional 500 Index Trust	11.77M	2.05%	80.57K
Vanguard Mid Cap Index Institutional	10.89M	1.90%	117.30K
Vanguard 500 Index Investor	10.24M	1.78%	-1.50M
Franklin Rising Dividends A	6.52M	1.14%	-
Franklin Rising Dividends Fund A	6.52M	1.14%	-

Recent Insider Transactions

Date	Name	Role	Activity	Value
Dec 01, 2025	Smith Bryan Everard	EVP, CPO	Sell	$419.61K
Dec 01, 2025	SKULE JEREMY	EVP, CSO	Sell	$190.65K
Nov 03, 2025	SKULE JEREMY	EVP, CSO	Sell	$179.77K
Oct 01, 2025	SKULE JEREMY	EVP, CSO	Sell	$185.70K
Sep 02, 2025	SKULE JEREMY	EVP, CSO	Sell	$196.23K

Insider Transactions Trends

Date	Buy	Sell
2025 Q4	-	4
2025 Q3	-	6
2025 Q2	-	10
2025 Q1	-	5
2024 Q4	1	14

NDAQ Ownership FAQ

Who Owns Nasdaq?

Nasdaq shareholders are primarily institutional investors at 81.86%, followed by 10.78% insiders and 7.36% retail investors. The average institutional ownership in Nasdaq's industry, Financial Data & Stock Exchanges Stocks, is 53.77%, which Nasdaq exceeds.

Who owns the most shares of Nasdaq?

Nasdaq’s largest shareholders are Vanguard group (59.65M shares, 10.39%), Investor ab (58.18M shares, 10.13%), and Blackrock funding, inc. /de (40.17M shares, 7.00%). Together, they hold 27.52% of Nasdaq’s total shares outstanding.

Does Blackrock own Nasdaq?

Yes, BlackRock owns 5.79% of Nasdaq, totaling 33.33M shares as of Jun 2024. This represents 0.05% of BlackRock's total assets, with a market value of 2.01B$. In the last quarter, BlackRock increased its holdings by 93.43K shares, a 0.28% change.

Who is Nasdaq’s biggest shareholder by percentage of total assets invested?

Investor ab is Nasdaq’s biggest shareholder by percentage of total assets invested, with 99.56% of its assets in 58.18M Nasdaq shares, valued at 5.15B$.

Who is the top mutual fund holder of Nasdaq shares?

Vanguard Wellington™ Inv is the top mutual fund holder of Nasdaq shares, with 2.87% of its total shares outstanding invested in 16.47M Nasdaq shares.

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