Who owns Nasdaq (NDAQ)
Which tracked institutional funds hold NDAQ, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NDAQ company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
139 tracked funds added or opened NDAQ while 356 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
NDAQ’s largest tracked holder by dollar value, INVESTOR AB, sizes it at 32.0% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 31.9pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in NDAQ divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 1016 tracked filers holding NDAQ, 502 increased or opened the position and 574 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in NDAQ between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 48
- Nykredit A/S$76M
- WESTFIELD CAPITAL MANAGEMENT CO LP$50M
- PFA Pension, Forsikringsaktieselskab$46M
- Evelyn Partners Group Ltd$45M
- NewEdge Advisors, LLC$34M
- Private Capital Advisors, Inc.$19M
Full exits 100
- Amundi$247M
- BESSEMER GROUP INC$224M
- CANADA LIFE ASSURANCE Co$120M
- Thrivent Financial for Lutherans$89M
- LORD, ABBETT & CO. LLC$72M
- NATIXIS ADVISORS, LLC$68M
Largest adds
- JANE STREET GROUP, LLC$225M
- BlackRock, Inc.$200M
- NORGES BANK$167M
- JPMORGAN CHASE & CO$146M
- BARCLAYS PLC$137M
- LOS ANGELES CAPITAL MANAGEMENT LLC$78M
Largest trims
- WELLINGTON MANAGEMENT GROUP LLP$688M
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/$641M
- INVESTOR AB$327M
- VANGUARD CAPITAL MANAGEMENT LLC$191M
- VANGUARD PORTFOLIO MANAGEMENT LLC$159M
- NEUBERGER BERMAN GROUP LLC$134M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| INVESTOR AB added | 58,439,208 | $4.6B | 13.8% | 2026-Q2 |
| BlackRock, Inc. added | 37,194,072 | $2.9B | 8.8% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC trimmed | 31,225,614 | $2.5B | 7.4% | 2026-Q2 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 30,332,286 | $2.4B | 7.2% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC trimmed | 26,091,520 | $2.1B | 6.2% | 2026-Q2 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ trimmed | 23,259,539 | $1.8B | 5.5% | 2026-Q2 |
| STATE STREET CORP added | 20,181,861 | $1.6B | 4.8% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 13,121,054 | $1.0B | 3.1% | 2026-Q2 |
| MORGAN STANLEY added | 11,355,733 | $895M | 2.7% | 2026-Q2 |
| FRANKLIN RESOURCES INC trimmed | 9,104,529 | $718M | 2.2% | 2026-Q2 |
| HARRIS ASSOCIATES L P added | 8,092,686 | $638M | 1.9% | 2026-Q2 |
| UBS Group AG added | 7,883,784 | $621M | 1.9% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ trimmed | 7,658,344 | $604M | 1.8% | 2026-Q2 |
| NORGES BANK added | 6,691,237 | $527M | 1.6% | 2026-Q2 |
| Select Equity Group, L.P. added | 5,646,320 | $445M | 1.3% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 5,355,911 | $419M | 1.3% | 2026-Q2 |
| Nuveen, LLC trimmed | 5,195,607 | $410M | 1.2% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 4,948,069 | $390M | 1.2% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 4,793,430 | $378M | 1.1% | 2026-Q2 |
| FMR LLC added | 4,593,229 | $362M | 1.1% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 4,124,610 | $325M | 1.0% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 3,884,101 | $306M | 0.9% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 3,655,221 | $281M | 0.8% | 2026-Q2 |
| Invesco Ltd. trimmed | 3,281,720 | $259M | 0.8% | 2026-Q2 |
| Mariner, LLC added | 3,159,120 | $249M | 0.7% | 2026-Q2 |
| BARCLAYS PLC added | 3,158,184 | $249M | 0.7% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 3,039,828 | $240M | 0.7% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 2,966,061 | $234M | 0.7% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 2,828,483 | $223M | 0.7% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP added | 2,801,910 | $221M | 0.7% | 2026-Q2 |
| Legal & General Group Plc trimmed | 2,792,814 | $220M | 0.7% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 2,661,995 | $210M | 0.6% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO trimmed | 2,557,751 | $202M | 0.6% | 2026-Q2 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 2,290,057 | $181M | 0.5% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 2,284,935 | $180M | 0.5% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 2,214,061 | $172M | 0.5% | 2026-Q2 |
| Bank of New York Mellon Corp trimmed | 2,104,183 | $166M | 0.5% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC trimmed | 1,898,225 | $150M | 0.4% | 2026-Q2 |
| Qube Research & Technologies Ltd added | 1,718,572 | $135M | 0.4% | 2026-Q2 |
| Robeco Institutional Asset Management B.V. added | 1,691,681 | $133M | 0.4% | 2026-Q2 |
| JOHNSON INVESTMENT COUNSEL INC trimmed | 1,539,906 | $121M | 0.4% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 1,480,671 | $117M | 0.3% | 2026-Q2 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 1,371,331 | $108M | 0.3% | 2026-Q2 |
| RAYMOND JAMES FINANCIAL INC trimmed | 1,357,122 | $107M | 0.3% | 2026-Q2 |
| HSBC HOLDINGS PLC added | 1,266,418 | $100M | 0.3% | 2026-Q2 |
| MACKENZIE FINANCIAL CORP added | 1,250,191 | $99M | 0.3% | 2026-Q2 |
| NEUBERGER BERMAN GROUP LLC trimmed | 1,179,169 | $93M | 0.3% | 2026-Q2 |
| Liontrust Investment Partners LLP trimmed | 1,179,146 | $93M | 0.3% | 2026-Q2 |
| LOS ANGELES CAPITAL MANAGEMENT LLC added | 1,170,728 | $92M | 0.3% | 2026-Q2 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 1,099,466 | $87M | 0.3% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 1,041,113 | $82M | 0.2% | 2026-Q2 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 1,008,368 | $79M | 0.2% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 969,302 | $76M | 0.2% | 2026-Q2 |
| Vanguard Global Advisers, LLC trimmed | 964,242 | $76M | 0.2% | 2026-Q2 |
| Nykredit A/S new | 962,155 | $76M | 0.2% | 2026-Q2 |
| Chevy Chase Trust Holdings, LLC trimmed | 951,883 | $75M | 0.2% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 918,957 | $72M | 0.2% | 2026-Q2 |
| Bank Julius Baer & Co. Ltd, Zurich trimmed | 916,149 | $72M | 0.2% | 2026-Q2 |
| Rockefeller Capital Management L.P. added | 905,857 | $71M | 0.2% | 2026-Q2 |
| FLOSSBACH VON STORCH SE added | 891,940 | $70M | 0.2% | 2026-Q2 |
| Munich Reinsurance Co Stock Corp in Munich added | 889,447 | $70M | 0.2% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd added | 878,176 | $69M | 0.2% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 874,697 | $69M | 0.2% | 2026-Q2 |
| Vinva Investment Management Ltd added | 871,919 | $67M | 0.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 778,975 | $61M | 0.2% | 2026-Q2 |
| California Public Employees Retirement System trimmed | 776,218 | $61M | 0.2% | 2026-Q2 |
| BLAIR WILLIAM & CO/IL trimmed | 745,415 | $59M | 0.2% | 2026-Q2 |
| BALYASNY ASSET MANAGEMENT L.P. added | 720,374 | $57M | 0.2% | 2026-Q2 |
| JONES FINANCIAL COMPANIES LLLP added | 716,201 | $56M | 0.2% | 2026-Q2 |
| National Pension Service added | 712,564 | $56M | 0.2% | 2026-Q2 |
| EVENTIDE ASSET MANAGEMENT, LLC trimmed | 711,213 | $56M | 0.2% | 2026-Q2 |
| Man Group plc trimmed | 687,066 | $54M | 0.2% | 2026-Q2 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 677,704 | $53M | 0.2% | 2026-Q2 |
| CITIGROUP INC added | 670,846 | $53M | 0.2% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 654,248 | $52M | 0.2% | 2026-Q2 |
| TORONTO DOMINION BANK added | 647,274 | $51M | 0.2% | 2026-Q2 |
| MANNING & NAPIER ADVISORS LLC trimmed | 642,972 | $51M | 0.2% | 2026-Q2 |
| WESTFIELD CAPITAL MANAGEMENT CO LP new | 635,713 | $50M | 0.2% | 2026-Q2 |
| STRS OHIO trimmed | 629,837 | $50M | 0.1% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 628,827 | $50M | 0.1% | 2026-Q2 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed | 616,695 | $49M | 0.1% | 2026-Q2 |
| Point72 Asset Management, L.P. trimmed | 591,220 | $47M | 0.1% | 2026-Q2 |
| PFA Pension, Forsikringsaktieselskab new | 587,830 | $46M | 0.1% | 2026-Q2 |
| NATIONAL BANK OF CANADA /FI/ added | 578,748 | $46M | 0.1% | 2026-Q2 |
| Evelyn Partners Group Ltd new | 576,299 | $45M | 0.1% | 2026-Q2 |
| Universal- Beteiligungs- und Servicegesellschaft mbH added | 566,380 | $45M | 0.1% | 2026-Q2 |
| Guinness Asset Management LTD added | 563,280 | $44M | 0.1% | 2026-Q2 |
| LAZARD ASSET MANAGEMENT LLC trimmed | 534,041 | $42M | 0.1% | 2026-Q2 |
| Dundas Partners LLP | 512,023 | $40M | 0.1% | 2026-Q2 |
| SEI INVESTMENTS CO trimmed | 511,762 | $40M | 0.1% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 507,775 | $40M | 0.1% | 2026-Q2 |
| LPL Financial LLC added | 504,772 | $40M | 0.1% | 2026-Q2 |
| LBP AM SA added | 492,408 | $39M | 0.1% | 2026-Q2 |
| Raiffeisen Bank International AG trimmed | 484,740 | $37M | 0.1% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC added | 466,690 | $37M | 0.1% | 2026-Q2 |
| Prana Capital Management, LP added | 463,850 | $37M | 0.1% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. trimmed | 461,771 | $39M | 0.1% | 2026-Q2 |
| NewEdge Advisors, LLC added | 436,020 | $34M | 0.1% | 2026-Q2 |
| ADAGE CAPITAL PARTNERS GP, L.L.C. trimmed | 398,947 | $31M | 0.1% | 2026-Q2 |
| BANK OF MONTREAL /CAN/ added | 394,975 | $31M | 0.1% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.