Company Analysis

Nasdaq, Inc. (NDAQ)

Nasdaq: NDAQ · Security & Commodity Brokers, Dealers, Exchanges & Services · New York, NY · filing with the SEC since 2001
Grade5.8
◀ Past 5.4● Present 6.9▶ Future 5.0

Who owns Nasdaq, Inc.

As filed with the SEC
Holders of 5% or more
3
Vanguard Capital Management holds 6.29% of Common Stock, as its SCHEDULE 13G filed Apr 30, 2026 says.
Directors and officers
21
report now, of 46 people on the record since 2006. Their holdings as a group are not read here.
Institutions as a whole
n/a
The record does not read the share held by managers that file Form 13F, so none is printed and no split of the rest is estimated. What it holds is the 3 named at left.
Holders of 5% or moreshare of the class, as filed
Vanguard Capital Management
6.29%
Blackrock, Inc.
6.2%
Wellington Management Group LLP
SCHEDULE 13G/A · filed Aug 13, 2026 · Common Stock · 7.2% in Aug 12, 2025
5.4%
Argus Seller, LP
SCHEDULE 13D/A · filed May 9, 2025 · Common Stock, par value $0.01 per share · reported falling below 5%
under 5%
Massachusetts Financial Services Company
SCHEDULE 13G/A · filed Aug 12, 2026 · Common Stock · reported falling below 5%, from 5.1% in May 14, 2026
under 5%
The Vanguard Group
SCHEDULE 13G/A · filed Mar 27, 2026 · Common Stock · reported falling below 5%, from 10.4% in Oct 6, 2025
under 5%
What NDAQ reports owning in othersstakes of 5% or more, and other ties
Other ties the annual report names
Adenza Holdings, Inc.
A company bought · acquisition · Oct 2023 · owns, named in the 10-K filed Feb 12, 2026

113 subsidiaries in 36 countries, from the list filed with the 10-K filed Feb 12, 2026.

Insider tradesForm 4
35sales
1purchases
17sales on a scheduled plan
8people selling
$90.0Msold, in dollars
$1.0Mbought, in dollars
Open-market trades on Form 4 from Nov 12, 2025 to Nov 12, 2026. A scheduled plan is a selling program set in advance under SEC rule 10b5-1. The trades are listed as filed and do not feed the grade.
By calendar yearSoldBought
17181920212223242526
2026 runs to Nov 12, 2026. Dollars as filed, summed by the transaction date.
People who traded in the window10 of 50 on the roster
PersonRole as filedSalesSoldOn a planBuysBought
Friedman Adena TChair and CEO4$76.1M40$0
Peterson Bradley JEVP, CIO6$3.8M00$0
Griggs Pc NelsonPres. Capital Access Platforms5$3.5M00$0
Tal CohenPres. Market Platforms4$3.0M00$0
Smith Bryan EverardEVP, CPO5$1.6M50$0
Skule JeremyEVP, CSO7$1.1M70$0
Daly Michelle LynnSVP, Controller & PAO3$500,00000$0
Zecca JohnEVP, Global CLO1$500,00010$0
Investor Ab10% owner0$002$20.7M
Torgeby Johandirector0$001$1.0M
SI Assistanton NDAQ · research, not advice