Nasdaq Ownership | Who Owns Nasdaq?

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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
Gfs advisors	82.82K	3.92%	$30.79M
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	142.11K	3.05%	$12.06M

Top Buyers

Holder	Shares	% Assets	Change
Norges bank	5.46M	0.06%	5.46M
Morgan stanley	9.27M	0.05%	3.57M
Winslow capital management	2.57M	0.84%	2.57M
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
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	16.25M	2.86%	5.07K
Vanguard Wellington Inv	15.66M	2.75%	-736.46K
Vanguard US Total Market Shares ETF	14.57M	2.53%	10.66K
MFS Large Cap Value Equity	11.95M	2.10%	859.12K
Vanguard Institutional 500 Index Trust	11.77M	2.05%	80.57K
MFS Value A	11.63M	2.05%	699.58K
Vanguard 500 Index Investor	11.44M	2.01%	-164.09K
Vanguard Mid Cap Index Institutional	11.05M	1.94%	-117.67K
Franklin Rising Dividends A	5.86M	1.03%	-

Recent Insider Transactions

Date	Name	Role	Activity	Value
Apr 28, 2026	Peterson Bradley J	EVP, CIO	Sell	$700.22K
Apr 27, 2026	Tal Cohen	Pres. Market Platforms	Sell	$1.41M
Apr 24, 2026	Daly Michelle Lynn	SVP, Controller & PAO	Sell	$11.46K
Apr 24, 2026	Daly Michelle Lynn	SVP, Controller & PAO	Sell	$106.05K
Apr 01, 2026	FRIEDMAN ADENA T	Chair and CEO	Sell	$9.71M

Insider Transactions Trends

Date	Buy	Sell
2026 Q2	-	5
2026 Q1	2	6
2025 Q4	-	4
2025 Q3	-	6
2025 Q2	-	10

NDAQ Ownership FAQ

Who Owns Nasdaq?

Nasdaq shareholders are primarily institutional investors at 53.49%, followed by 10.84% insiders and 35.67% retail investors. The average institutional ownership in Nasdaq's industry, Financial Data & Stock Exchanges Stocks, is 42.82%, which Nasdaq exceeds.

Who owns the most shares of Nasdaq?

Nasdaq’s largest shareholders are Vanguard group (59.92M shares, 10.50%), Investor ab (58.18M shares, 10.13%), and Wellington management group llp (39.8M shares, 6.93%). Together, they hold 27.57% 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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