Ranked by reported Q2 2026 13F market value
Share of total reported institutional value in NDAQ held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | INVESTOR AB | 58.4M | $4.61B | +0.1% | 10.455% | 31.98% |
| 2 | BlackRock, Inc. | 37.2M | $2.93B | -2.6% | 6.654% | 0.04% |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 31.2M | $2.46B | -0.0% | 5.586% | 0.05% |
| 4 | WELLINGTON MANAGEMENT GROUP LLP | 30.3M | $2.39B | -16.4% | 5.426% | 0.41% |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 26.1M | $2.06B | -0.1% | 4.668% | 0.09% |
| 6 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 23.3M | $1.83B | -20.0% | 4.161% | 0.58% |
| 7 | STATE STREET CORP | 20.2M | $1.59B | +2.4% | 3.611% | 0.02% |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 13.1M | $1.03B | +1.1% | 2.347% | 0.05% |
| 9 | MORGAN STANLEY | 11.4M | $895.1M | +10.7% | 2.031% | 0.05% |
| 10 | FRANKLIN RESOURCES INC | 9.1M | $717.6M | -0.8% | 1.629% | 0.16% |
| 11 | HARRIS ASSOCIATES L P | 8.1M | $637.9M | +1.0% | 1.448% | 0.85% |
| 12 | UBS Group AG | 7.9M | $621.4M | +12.8% | 1.410% | 0.08% |
| 13 | BANK OF AMERICA CORP /DE/ | 7.7M | $603.6M | -2.4% | 1.370% | 0.04% |
| 14 | NORGES BANK | 6.7M | $527.4M | — | 1.197% | 0.05% |
| 15 | Select Equity Group, L.P. | 5.6M | $445.0M | +1.5% | 1.010% | 2.20% |
| 16 | AMERIPRISE FINANCIAL INC | 5.4M | $419.2M | +0.4% | 0.958% | 0.08% |
| 17 | Nuveen, LLC | 5.2M | $409.5M | -11.4% | 0.929% | 0.10% |
| 18 | GOLDMAN SACHS GROUP INC | 4.9M | $390.0M | +11.3% | 0.885% | 0.03% |
| 19 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | 4.8M | $377.8M | +5.7% | 0.857% | 0.15% |
| 20 | FMR LLC | 4.6M | $362.0M | +11.8% | 0.822% | 0.02% |
| 21 | NORTHERN TRUST CORP | 4.1M | $325.1M | -3.0% | 0.738% | 0.04% |
| 22 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME | 3.9M | $306.1M | +4.8% | 0.695% | 0.06% |
| 23 | JPMORGAN CHASE & CO | 3.7M | $280.9M | +126.6% | 0.654% | 0.02% |
| 24 | Invesco Ltd. | 3.3M | $258.7M | -26.8% | 0.587% | 0.02% |
| 25 | BARCLAYS PLC | 3.2M | $248.9M | +140.5% | 0.565% | 0.05% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in NDAQ — a direct measure of their conviction.
Filings activity in NDAQ during Q2 2026, grouped by how each filer changed its position.
Institutions that opened a new NDAQ position in Q2 2026
Institutions that fully closed their NDAQ position in Q2 2026
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q2 2026 | 1,084 | 0.5% | 84.88% | +1.28 pp | $36.45B | 5.9% |
| Q1 2026 | 1,089 | +0.5% | 83.60% | 1.07 pp | $38.75B | 14% |
| Q4 2025 | 1,084 | +6.4% | 84.67% | +1.11 pp | $45.31B | +11% |
| Q3 2025 | 1,019 | +1.3% | 83.56% | +0.02 pp | $40.91B | 0.6% |
| Q2 2025 | 1,006 | +11% | 83.54% | 0.71 pp | $41.17B | +17% |
| Q1 2025 | 908 | +4.7% | 84.25% | +11.14 pp | $35.15B | +13% |
| Q4 2024 | 867 | +6.4% | 73.11% | 10.02 pp | $31.21B | 6.2% |
| Q3 2024 | 815 | — | 83.13% | — | $33.26B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying NDAQ stock.
Based on Q2 2026 13F filings, institutional ownership of Nasdaq, Inc. stands at 84.9%, held across 1,084 reporting institutions.
INVESTOR AB is the largest reported institutional holder of NDAQ, with approximately 58,439,208 shares worth $4.61B as of Q2 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of NDAQ.
Our composite Smart Money Score for NDAQ is 42 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
98 institutions opened new positions in NDAQ during Q2 2026, while 112 fully exited. 223 added to existing positions and 720 trimmed.
NDAQ institutional ownership rose by 1.28 percentage points quarter-over-quarter, with a net change of -5 holders.
The top 10 institutions account for 56.3% of all reported 13F value in NDAQ, and the top 25 account for 73.3%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Nasdaq, Inc. (NDAQ) Institutional Ownership