Nasdaq Ownership | Who Owns Nasdaq?

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Nasdaq Ownership Summary

Nasdaq is owned by 83.20% institutional investors, 10.72% insiders, and 6.07% retail investors. Investor ab is the largest institutional shareholder, holding 10.13% 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	83.20%	10.72%	6.07%
Sector	Financial Services Stocks	51.64%	15.54%	32.82%
Industry	Financial Data & Stock Exchanges Stocks	76.20%	16.16%	7.64%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Investor ab	58.18M	10.13%	$5.20B
Vanguard group	52.58M	9.14%	$4.06B
Blackrock funding, inc. /de	37.08M	6.46%	$3.32B
Wellington management group llp	34.96M	6.08%	$2.70B
Blackrock	33.33M	5.79%	$2.01B
Massachusetts financial services co /ma/	27.27M	4.75%	$2.44B
State street	16.14M	2.80%	$972.60M
Geode capital management	11.02M	1.92%	$849.78M
Franklin resources	10.38M	1.80%	$802.40M
Harris associates l p	7.77M	1.35%	$694.95M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Investor ab	58.18M	99.54%	$5.20B
Round hill asset management	89.31K	5.39%	$7.99M
Seven grand managers	500.00K	5.36%	$44.71M
Stony point capital	683.13K	4.63%	$61.09M
Mcrae capital management	294.80K	4.47%	$22.79M
Bluemar capital management	30.27K	3.80%	$1.82M
Amj financial wealth management	137.81K	3.07%	$12.32M
Shapiro capital management	770.95K	3.03%	$68.94M
Raub brock capital management lp	156.76K	2.98%	$13.87M
First fiduciary investment counsel	160.99K	2.85%	$14.40M

Top Buyers

Holder	Shares	% Assets	Change
Massachusetts financial services co /ma/	27.27M	0.77%	6.84M
Norges bank	5.49M	0.06%	5.49M
Ameriprise financial	6.01M	0.12%	1.65M
Balyasny asset management	1.64M	0.22%	1.60M
Amundi	3.54M	0.11%	1.26M

Top Sellers

Holder	Shares	% Assets	Change
Thoma bravo	-	-	-42.80M
Capital world investors	147.84K	0.00%	-6.63M
Wellington management group llp	34.96M	0.49%	-3.88M
Two sigma investments, lp	890.25K	0.15%	-1.30M
Samlyn capital	-	-	-1.02M

New Positions

Holder	Shares	% Assets	Change	Value
Norges bank	5.49M	0.06%	5.49M	$424.29M
Select equity group	1.23M	0.46%	1.23M	$110.26M
Worldquant millennium advisors	723.03K	0.32%	723.03K	$64.65M
Stony point capital	683.13K	4.63%	683.13K	$61.09M
Bain capital public equity management ii	649.43K	2.75%	649.43K	$58.07M

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 %
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%
Jun 30, 2024	763	-1.55%	477,857,790	0.48%	83	1.22%	398	-1.49%	244	1.24%

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
Oct 01, 2025	SKULE JEREMY	EVP, CSO	Sell	$185.70K
Sep 02, 2025	SKULE JEREMY	EVP, CSO	Sell	$196.23K
Aug 04, 2025	BEGLEY CHARLENE T	-	Sell	$289.80K
Aug 01, 2025	SKULE JEREMY	EVP, CSO	Sell	$201.01K
Jul 25, 2025	Daly Michelle Lynn	SVP, Controller & PAO	Sell	$812.17K

Insider Transactions Trends

Date	Buy	Sell
2025 Q4	-	1
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 83.20%, followed by 10.72% insiders and 6.08% retail investors. The average institutional ownership in Nasdaq's industry, Financial Data & Stock Exchanges Stocks, is 76.20%, which Nasdaq exceeds.

Who owns the most shares of Nasdaq?

Nasdaq’s largest shareholders are Investor ab (58.18M shares, 10.13%), Vanguard group (52.58M shares, 9.14%), and Blackrock funding, inc. /de (37.08M shares, 6.46%). Together, they hold 25.74% 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 99.54% of its assets in 58.18M Nasdaq shares, valued at 5.2B$.

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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