Nasdaq, Inc.· NDAQ

🇺🇸 US · LargeSP500NASDAQ

Financial ServicesFinancial - Data & Stock ExchangesWebsite

Price: $93.62
Day: -0.55%
Mkt Cap: $52.33B
52W Range: $76.55 – $101.79
Volume: 3.26M
Beta: 1.00

D55D FrameworkQuarterly Data

Holdings Analysis

Insider activity, institutional flows, and fund ownership.

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Nasdaq, Inc.

NDAQ|Financial Services|Financial - Data & Stock Exchanges

Current price: $94

Smart Money

Dimension 5 of 5

Insider Activity, Q3 2026

Latest scored quarter, net flow, and top transactions by value

Net dollar flow-$4.2M

Net share flow-44.8K

Purchases0 ($0)

Sales5 ($4.2M)

Top Notable Transactions

Insider

Type

Value

Date

Argus Seller, LP

Sale

$2.8B

Jul 29

Borse Dubai LTD

Sale

$1.8B

Mar 22

FRIEDMAN ADENA T

Sale

$29.1M

Feb 2

Institutional Ownership, Q1 2026

Ownership share, position changes, share flow, and top holders

Ownership82.0%

13F share flow-17.5%

Investors holding1.1K

+671 adding-555 reducing

136

535

406

149

New 136Inc 535Red 406Closed 149

Top Institutional Holders

Institution

Value

Change

INVESTOR AB

$4.9B

+0.3%

BLACKROCK, INC.

$3.2B

-3.4%

WELLINGTON MANAGEMENT GROUP LLP

$3.1B

-3.7%

MASSACHUSETTS FINANCIAL SERVICES CO /MA/

$2.5B

+5.2%

ETF & Mutual Fund Activity, Q2 2026

Latest meaningful quarter: fund-by-fund buying / unchanged / selling

Funds reporting238

Total shares held101.2M

Share flow-6.6%

67 buying61 selling

112

Buying 67Unchanged 112Selling 61

Top Fund Holders

Fund

Weight

Change

NEUBERGER BERMAN EQUITY FUNDS

55.0K

0.33%

+2.0K

VALIC Co I

49.4K

0.02%

-2.3K

Zacks Trust

34.0K

17.73%

+2.2K

Northern Lights Fund Trust IV

30.5K

0.26%

+2.8K

See the complete picture

The full 5D Framework: Business Quality · Peer Comparison · Valuation · Analyst Sentiment · Smart Money

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Generated August 5, 2026

For educational purposes only. Not financial advice. Data may be delayed or incomplete.

Smart Money Sentiment

NDAQ Smart Money Sentiment Score

A weighted 1-5 sentiment score across three smart money signals.

Smart Money

2.9/5

Neutral

Weighted across 3 components

Component Breakdown (3 of 3 available)

Insider Activity

40% weight

Institutional Flow

50% weight

-12

Fund Flow

10% weight

Overall Smart Money sentiment of 2.9/5 (Neutral) based on a weighted combination of 3 components. Insider activity uses a relative-baseline comparison against the stock's own history; institutional flow tracks position momentum and 13F share changes; fund flow measures ETF / mutual-fund buying vs selling. Higher scores indicate stronger bullish sentiment from professional investors.Last updated August 4, 2026.

Insider Trading Activity

Insider trading analysis comparing the latest quarter against the stock's own historical baseline.

Insider Activity for NDAQ

Net insider share flow by quarter (C-suite & director purchases minus sales)

Neutral

Routine insider selling in Q3 2026

5 sales totaling $4.2M (44.8K shares)

Share volume is well below the historical pace (0.3x average), insiders are holding more

Buying seen in 3 of 7 quarters

Notable Recent Transactions, NDAQ

Top 8 highest-value recent insider trades

Argus Seller, LP

Insider

Sell

42,804,207 shares at $64.58

Jul 29, 2024$2.76B

Borse Dubai LTD

Insider

Sell

31,000,000 shares at $58.00

Mar 22, 2024$1.80B

FRIEDMAN ADENA T

CEO

Sell

300,000 shares at $96.91

Feb 2, 2026$29.07M

FRIEDMAN ADENA T

CEO

Sell

300,000 shares at $96.39

Jan 2, 2026$28.92M

INVESTOR AB

Insider

Buy

200,000 shares at $79.18

Feb 13, 2026$15.84M

FRIEDMAN ADENA T

CEO

Sell

113,611 shares at $85.44

Apr 1, 2026$9.71M

FRIEDMAN ADENA T

CEO

Sell

92,840 shares at $90.08

Mar 6, 2026$8.36M

INVESTOR AB

Insider

Buy

56,782 shares at $85.98

Jun 11, 2026$4.88M

Institutional Ownership Analysis

Institutional ownership analysis with position momentum, 13F share flow, and ownership percentage trends.

Institutional Ownership Over Time for NDAQ

Total dollar value invested by institutions each quarter

Neutral

Mixed institutional activity in Q1 2026

82.0% institutional ownership

Slight accumulation: 671 adding vs 555 reducing

13F shares decreased by 2.7%, a notable change

Momentum weakening from prior quarter

Position Changes

Q2 2026: how are institutions adjusting their positions?

+273 growing-831 shrinkingNet: -558

223

163

668

New (50)

Increased (223)

Reduced (163)

Closed (668)

Top Institutional Holders, NDAQ

Largest 8 institutional positions by ownership percentage as of Q2 2026

MASSACHUSETTS FINANCIAL SERVICES CO /MA/

23.3M

$1.8B

Ownership

4.10%

-20.0%

ENVESTNET ASSET MANAGEMENT INC

2.3M

$180.5M

Ownership

0.40%

-7.0%

ROBECO INSTITUTIONAL ASSET MANAGEMENT B.V.

1.7M

$133.3M

Ownership

0.30%

+6.7%

JOHNSON INVESTMENT COUNSEL INC

1.5M

$121.4M

Ownership

0.27%

-0.0%

PRINCIPAL FINANCIAL GROUP INC

1.4M

$108.1M

Ownership

0.24%

-36.5%

SUMITOMO MITSUI TRUST GROUP, INC.

1.0M

$79.5M

Ownership

0.18%

-1.1%

HANDELSBANKEN FONDER AB

738.1K

$58.2M

Ownership

0.13%

+2.6%

CITIGROUP INC

670.8K

$52.9M

Ownership

0.12%

+28.6%

ETF and Mutual Fund Holdings

ETF and mutual fund activity breakdown showing buying vs selling funds, top fund holders, and detailed holdings.

Fund Activity

Q2 2026: 240 ETFs and mutual funds reporting

67 buying61 sellingNet: +6

112

Buying (67)

Unchanged (112)

Selling (61)

Neutral

Mixed fund activity in Q2 2026

240 ETFs and mutual funds reporting

67 buying vs 61 selling (balanced)

Top Fund Holders, NDAQ

Largest 8 ETF and mutual fund positions by shares held as of latest filing

NEUBERGER BERMAN EQUITY FUNDS

55.0K

Weight

0.33%

Increased

VALIC Co I

49.4K

Weight

0.02%

Decreased

Zacks Trust

34.0K

Weight

17.73%

Increased

Northern Lights Fund Trust IV

30.5K

Weight

0.26%

Increased

FIDELITY SUMMER STREET TRUST

22.0K

Weight

0.01%

No change

AB CORE OPPORTUNITIES FUND, INC.

21.8K

Weight

129.11%

No change

NUVEEN INVESTMENT TRUST II

18.6K

Weight

1.64%

No change

MORGAN STANLEY PATHWAY FUNDS

17.5K

Weight

0.01%

Increased

Nasdaq, Inc.· NDAQ

Holdings Analysis

Insider Trading Activity

1.3Transaction History126Real market purchases and sales onlyShow All Types

Institutional Ownership Analysis

2.4Detailed Holdings120Most recent institutional positions with changes and valuations

ETF and Mutual Fund Holdings

3.3Fund Holdings Details25Most recent ETF and mutual fund holdings with share counts and weights

Search stocks

Holdings Analysis

Insider Trading Activity

1.3Transaction History126Real market purchases and sales onlyShow All Types

Institutional Ownership Analysis

2.4Detailed Holdings120Most recent institutional positions with changes and valuations

ETF and Mutual Fund Holdings

3.3Fund Holdings Details25Most recent ETF and mutual fund holdings with share counts and weights