Who owns NDAQ (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-Q1 13F filings. 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
152 tracked funds added or opened NDAQ while 418 trimmed or exited it between 2025-Q4 and 2026-Q1 — 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, VANGUARD GROUP INC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.0pp 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 2025-Q4 and 2026-Q1, across 1084 tracked filers holding NDAQ, 534 increased or opened the position and 552 reduced or closed it; over the same quarter, open-market insider Form 4s were net purchases.
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 2025-Q4 and 2026-Q1 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 61
- VANGUARD CAPITAL MANAGEMENT LLC$2.7B
- VANGUARD PORTFOLIO MANAGEMENT LLC$2.2B
- VANGUARD FIDUCIARY TRUST CO$219M
- Vanguard Global Advisers, LLC$84M
- VANGUARD ASSET MANAGEMENT, Ltd$67M
- Freestone Grove Partners LP$51M
Full exits 53
- VANGUARD GROUP INC$5.8B
- FARALLON CAPITAL MANAGEMENT LLC$290M
- Winslow Capital Management, LLC$250M
- TWO SIGMA ADVISERS, LP$90M
- Artisan Partners Limited Partnership$52M
- Trexquant Investment LP$51M
Largest adds
- UBS Group AG$219M
- Select Equity Group, L.P.$108M
- Thrivent Financial for Lutherans$57M
- TWO SIGMA INVESTMENTS, LP$57M
- D. E. Shaw & Co., Inc.$52M
- Zurich Insurance Group Ltd/FI$45M
Largest trims
- BlackRock, Inc.$1.1B
- INVESTOR AB$719M
- WELLINGTON MANAGEMENT GROUP LLP$579M
- STATE STREET CORP$257M
- FRANKLIN RESOURCES INC$250M
- MASSACHUSETTS FINANCIAL SERVICES CO /MA/$209M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| INVESTOR AB added | 58,382,426 | $4.9B | 10.8% | 2026-Q1 |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 36,271,981 | $3.1B | 6.8% | 2026-Q1 |
| BlackRock, Inc. trimmed | 32,174,286 | $2.7B | 6.0% | 2026-Q1 |
| VANGUARD CAPITAL MANAGEMENT LLC new | 31,237,808 | $2.7B | 5.8% | 2026-Q1 |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ added | 29,060,439 | $2.5B | 5.4% | 2026-Q1 |
| VANGUARD PORTFOLIO MANAGEMENT LLC new | 26,103,691 | $2.2B | 4.9% | 2026-Q1 |
| STATE STREET CORP trimmed | 19,714,705 | $1.7B | 3.7% | 2026-Q1 |
| GEODE CAPITAL MANAGEMENT, LLC added | 12,977,158 | $1.1B | 2.4% | 2026-Q1 |
| MORGAN STANLEY added | 10,255,504 | $871M | 1.9% | 2026-Q1 |
| FRANKLIN RESOURCES INC trimmed | 9,174,148 | $779M | 1.7% | 2026-Q1 |
| HARRIS ASSOCIATES L P trimmed | 8,010,183 | $680M | 1.5% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 7,843,674 | $666M | 1.5% | 2026-Q1 |
| UBS Group AG added | 6,988,369 | $593M | 1.3% | 2026-Q1 |
| Nuveen, LLC trimmed | 5,865,595 | $498M | 1.1% | 2026-Q1 |
| Select Equity Group, L.P. added | 5,563,126 | $472M | 1.0% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC trimmed | 5,331,861 | $455M | 1.0% | 2026-Q1 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE trimmed | 4,535,340 | $385M | 0.8% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 4,446,239 | $377M | 0.8% | 2026-Q1 |
| Invesco Ltd. trimmed | 4,315,544 | $366M | 0.8% | 2026-Q1 |
| NORTHERN TRUST CORP trimmed | 4,251,415 | $361M | 0.8% | 2026-Q1 |
| NORGES BANK trimmed | 4,756,996 | $361M | 0.8% | 2026-Q1 |
| FMR LLC added | 4,085,434 | $347M | 0.8% | 2026-Q1 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 3,706,987 | $315M | 0.7% | 2026-Q1 |
| Mariner, LLC added | 2,971,912 | $252M | 0.6% | 2026-Q1 |
| Amundi added | 2,910,390 | $247M | 0.5% | 2026-Q1 |
| Legal & General Group Plc added | 2,888,605 | $245M | 0.5% | 2026-Q1 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 2,812,897 | $239M | 0.5% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP added | 2,671,609 | $227M | 0.5% | 2026-Q1 |
| NEUBERGER BERMAN GROUP LLC trimmed | 2,667,845 | $226M | 0.5% | 2026-Q1 |
| BESSEMER GROUP INC added | 2,641,041 | $224M | 0.5% | 2026-Q1 |
| VANGUARD FIDUCIARY TRUST CO new | 2,577,116 | $219M | 0.5% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC added | 2,462,655 | $209M | 0.5% | 2026-Q1 |
| TWO SIGMA INVESTMENTS, LP added | 2,335,247 | $198M | 0.4% | 2026-Q1 |
| Bank of New York Mellon Corp trimmed | 2,188,581 | $186M | 0.4% | 2026-Q1 |
| PRINCIPAL FINANCIAL GROUP INC trimmed | 2,159,588 | $183M | 0.4% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 1,951,147 | $166M | 0.4% | 2026-Q1 |
| AQR CAPITAL MANAGEMENT LLC trimmed | 1,894,071 | $161M | 0.4% | 2026-Q1 |
| DEUTSCHE BANK AG\ added | 1,869,080 | $159M | 0.3% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 1,746,091 | $148M | 0.3% | 2026-Q1 |
| Liontrust Investment Partners LLP | 1,417,767 | $138M | 0.3% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 1,612,992 | $135M | 0.3% | 2026-Q1 |
| Robeco Institutional Asset Management B.V. added | 1,585,003 | $135M | 0.3% | 2026-Q1 |
| JOHNSON INVESTMENT COUNSEL INC trimmed | 1,540,306 | $131M | 0.3% | 2026-Q1 |
| CANADA LIFE ASSURANCE Co trimmed | 1,402,148 | $120M | 0.3% | 2026-Q1 |
| RAYMOND JAMES FINANCIAL INC added | 1,374,916 | $117M | 0.3% | 2026-Q1 |
| BARCLAYS PLC added | 1,313,295 | $111M | 0.2% | 2026-Q1 |
| HSBC HOLDINGS PLC trimmed | 1,180,963 | $100M | 0.2% | 2026-Q1 |
| Man Group plc trimmed | 1,094,156 | $93M | 0.2% | 2026-Q1 |
| Qube Research & Technologies Ltd added | 1,052,240 | $89M | 0.2% | 2026-Q1 |
| Thrivent Financial for Lutherans added | 1,050,650 | $89M | 0.2% | 2026-Q1 |
| California Public Employees Retirement System trimmed | 1,029,006 | $87M | 0.2% | 2026-Q1 |
| BLAIR WILLIAM & CO/IL added | 1,026,010 | $87M | 0.2% | 2026-Q1 |
| Sumitomo Mitsui Trust Group, Inc. trimmed | 1,019,867 | $87M | 0.2% | 2026-Q1 |
| Mitsubishi UFJ Asset Management Co., Ltd. added | 1,019,814 | $87M | 0.2% | 2026-Q1 |
| Chevy Chase Trust Holdings, LLC trimmed | 1,001,674 | $85M | 0.2% | 2026-Q1 |
| Bank Julius Baer & Co. Ltd, Zurich trimmed | 1,001,237 | $85M | 0.2% | 2026-Q1 |
| Vanguard Global Advisers, LLC new | 983,906 | $84M | 0.2% | 2026-Q1 |
| WELLS FARGO & COMPANY/MN trimmed | 975,358 | $83M | 0.2% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 946,293 | $80M | 0.2% | 2026-Q1 |
| RHUMBLINE ADVISERS trimmed | 886,745 | $75M | 0.2% | 2026-Q1 |
| Rockefeller Capital Management L.P. added | 879,964 | $75M | 0.2% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 869,655 | $74M | 0.2% | 2026-Q1 |
| Munich Reinsurance Co Stock Corp in Munich added | 863,923 | $73M | 0.2% | 2026-Q1 |
| LORD, ABBETT & CO. LLC trimmed | 844,924 | $72M | 0.2% | 2026-Q1 |
| Point72 Asset Management, L.P. added | 810,263 | $69M | 0.2% | 2026-Q1 |
| NATIXIS ADVISORS, LLC added | 797,740 | $68M | 0.1% | 2026-Q1 |
| VANGUARD ASSET MANAGEMENT, Ltd new | 792,477 | $67M | 0.1% | 2026-Q1 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 755,989 | $64M | 0.1% | 2026-Q1 |
| Stony Point Capital LLC trimmed | 732,505 | $62M | 0.1% | 2026-Q1 |
| Handelsbanken Fonder AB trimmed | 719,352 | $61M | 0.1% | 2026-Q1 |
| EVENTIDE ASSET MANAGEMENT, LLC added | 711,839 | $60M | 0.1% | 2026-Q1 |
| National Pension Service added | 691,148 | $59M | 0.1% | 2026-Q1 |
| FLOSSBACH VON STORCH SE trimmed | 684,974 | $58M | 0.1% | 2026-Q1 |
| MANNING & NAPIER ADVISORS LLC trimmed | 679,564 | $58M | 0.1% | 2026-Q1 |
| SG Americas Securities, LLC added | 674,919 | $57M | 0.1% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 659,417 | $56M | 0.1% | 2026-Q1 |
| Zurich Insurance Group Ltd/FI added | 657,732 | $56M | 0.1% | 2026-Q1 |
| STRS OHIO trimmed | 651,531 | $55M | 0.1% | 2026-Q1 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM trimmed | 650,743 | $55M | 0.1% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP added | 649,387 | $55M | 0.1% | 2026-Q1 |
| Gillson Capital LP added | 648,484 | $55M | 0.1% | 2026-Q1 |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 633,757 | $54M | 0.1% | 2026-Q1 |
| JONES FINANCIAL COMPANIES LLLP added | 648,865 | $53M | 0.1% | 2026-Q1 |
| FIRST TRUST ADVISORS LP added | 609,819 | $52M | 0.1% | 2026-Q1 |
| Freestone Grove Partners LP added | 600,547 | $51M | 0.1% | 2026-Q1 |
| CANADA PENSION PLAN INVESTMENT BOARD added | 598,594 | $51M | 0.1% | 2026-Q1 |
| Assenagon Asset Management S.A. added | 595,437 | $51M | 0.1% | 2026-Q1 |
| VANGUARD GROUP INC added | 59,700,433 | $5.8B | 12.7% | 2025-Q4 stale |
| THOMA BRAVO, L.P. | 42,804,207 | $3.2B | 7.1% | 2025-Q1 stale |
| FARALLON CAPITAL MANAGEMENT LLC trimmed | 2,989,213 | $290M | 0.6% | 2025-Q4 stale |
| Winslow Capital Management, LLC added | 2,568,537 | $250M | 0.6% | 2025-Q4 stale |
| TWO SIGMA ADVISERS, LP trimmed | 921,900 | $90M | 0.2% | 2025-Q4 stale |
| DIAMOND HILL CAPITAL MANAGEMENT INC trimmed | 898,678 | $79M | 0.2% | 2025-Q3 stale |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 778,300 | $69M | 0.2% | 2025-Q3 stale |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH added | 743,463 | $66M | 0.1% | 2025-Q2 stale |
| Bain Capital Public Equity Management II, LLC trimmed | 649,427 | $58M | 0.1% | 2025-Q2 stale |
| 1832 Asset Management L.P. added | 602,800 | $54M | 0.1% | 2025-Q2 stale |
| Artisan Partners Limited Partnership trimmed | 537,103 | $52M | 0.1% | 2025-Q4 stale |
| Trexquant Investment LP added | 522,875 | $51M | 0.1% | 2025-Q4 stale |
| GQG Partners LLC new | 660,595 | $50M | 0.1% | 2025-Q1 stale |
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.