Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Nasdaq Inc (NDAQ)

1K + Investors. Track Smart Money conviction in NDAQ. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -2
Streak
1Q ▼
Buyers last Q
50%

Smart Money Signals — NDAQ

Based on 1090 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds reduced or closed their NDAQ positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🏔️

At the ownership peak (100% of max)

100% of all-time peak
1,090 hedge funds hold NDAQ right now — the highest count in 3.0 years. When ownership is this concentrated, any bad news can trigger a chain reaction: one big fund sells, others follow. This is a classic 'crowded trade' — high popularity doesn't equal safety.
📶

Steady growth — +19% more funds vs a year ago

fund count last 6Q
+174 new funds entered over the past year (+19% YoY). Gradual, steady growth in institutional ownership is generally a healthy signal — not a speculative rush, but consistent conviction.
🟡

Slight buying edge — 50% buying

549 buying553 selling
Last quarter: 549 funds bought or added vs 553 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
⚠️

Fewer new buyers each quarter (-23 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 173 → 130 → 169 → 146. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 22% medium ■ 21% new
623 out of 1,090 hedge funds have held NDAQ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~146 new funds/quarter

134 → 173 → 130 → 169 → 146 new funds/Q
New funds entering each quarter: 173 → 130 → 169 → 146. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 61% veterans vs 26% newcomers

■ 61% veterans ■ 12% 1-2yr ■ 26% new
Entry-cohort mix of 1,121 holders: 688 (61%) are 2+ year veterans, 137 entered 1–2 years ago, and 296 (26%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 55% AUM from top-100 funds

55% from top-100 AUM funds
63 of 1086 holders are among the 100 largest funds by AUM, controlling 55% of total institutional value in NDAQ. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
3.7
out of 10
Low Exit Risk
Exit risk score 3.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — NDAQ

In 2026 Q1, 549 hedge funds were net buyers of NDAQ (146 opened a new position, 403 added to an existing one), while 553 reduced or exited (405 trimmed, 148 sold completely) — a 50% buyer ratio, indicating a slight buying edge. 55% of total institutional value in NDAQ is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -2 funds (more exits than new entries). Total institutional holders: 1090.

Hedge Fund Ownership: NDAQ

How many hedge funds hold NDAQ — quarterly history vs. share price
Quarterly hedge fund ownership of NDAQ vs. share price

Market Analysis: NDAQ

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: NDAQ

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Nasdaq Inc (NDAQ) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much NDAQ has moved relative to its sector benchmark (XLF) since the 2026 Q2 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End June 30, 2026 · 45d ago
NDAQ
+22.9%
XLF
+8.5%

NDAQ outperformed XLF by +14.4% since June 30, 2026.

Since 13F Filing Date August 14, 2026 · 0d ago
NDAQ
+0.0%
XLF
+0.0%

Since the filing became public, NDAQ outperformed XLF by +0.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Broad Consensus, Selective Conviction

Many quality funds hold this stock, but top-tier positions remain relatively small.

66 top-rated funds 4 high-conviction
Consensus
7.9
/ 10
breadth
×
Elite
3.3
/ 10
conviction
Hedge Fund Positioning: NDAQ
2026 Q2 Stats Unlock in 5 days 1K + Investors

Track Smart Money conviction in NDAQ. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 1077 1089 -1.1%
13F Shares 468M 481M -2.83%
Total Value $38.65B $46.57B -17.02%
New Positions 139 169 -30
Increased Positions 393 418 -25
Closed Positions 151 107 +44
Reduced Positions 395 351 +44
Total Calls 17 13 30.77%
Total Puts 18 18 -
PUT/CALL Ratio 1.06 1.38 Neutral

Statistics: NDAQ

View More

Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q2)

1K + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in NDAQ. Verified SEC 13F-HR filings.

QUARTER:
2026 Q2 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 NDAQ holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Round Hill Asset Management 4.28% 86,482 $6.8M
2 Mcrae Capital Management Inc 3.41% 219,941 $17.3M
3 Castlefield Investment Partners LLP 3.05% 57,050 $4.5M
4 Dundas Partners LLP 2.92% 512,023 $40.4M
5 Guinness Atkinson Asset Management Inc 2.75% 77,850 $6.1M
6 Raub Brock Capital Management LP 2.53% 116,399 $9.2M
7 Graphene Investments SAS 1.95% 42,600 $3.4M
8 Campbell Newman Asset Management Inc 1.92% 328,443 $25.9M
9 Robertson Opportunity Capital, LLC 1.68% 55,039 $4.3M
10 Private Capital Advisors, Inc. 1.68% 242,816 $19.1M
11 Munich Reinsurance Co Stock Corp in Munich 1.53% 889,447 $70.1M
12 Lgt Capital Partners LTD. 1.46% 364,877 $28.8M
13 Promethium Advisors,LLC 1.38% 36,393 $2.9M
14 Dearborn Partners LLC 1.31% 284,092 $24.1M
15 Helios Capital Management PTE. Ltd 1.31% 16,950 $1.3M
16 Aurora Investment Counsel 1.29% 31,708 $2.5M
17 First Washington CORP 1.25% 66,389 $5.2M
18 Tandem Investment Advisors, Inc. 1.20% 226,710 $17.9M
19 Dockside LLC 1.11% 60,394 $4.8M
20 Applied Capital LLC/FL 1.01% 31,409 $2.5M
21 Vista Investment Partners II, LLC 1.00% 32,355 $2.6M
22 Vista Investment Partners LLC 1.00% 50,403 $4.0M
23 Northstar Asset Management Inc 0.99% 43,041 $3.4M
24 TKG Advisors, LLC 0.90% 32,790 $2.6M
25 Johnson Investment Counsel Inc 0.89% 1,539,906 $121.4M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Nasdaq Inc (NDAQ)

What does the Smart Money Trend signal show for NDAQ?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds reduced or closed their NDAQ positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for NDAQ?

Slight buying edge — 50% buying: Last quarter: 549 funds bought or added vs 553 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for NDAQ holders?

Elite ownership — 55% AUM from top-100 funds: 63 of 1086 holders are among the 100 largest funds by AUM, controlling 55% of total institutional value in NDAQ. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held NDAQ?

57% of holders stayed for 2+ years: 623 out of 1,090 hedge funds have held NDAQ for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Nasdaq Inc (NDAQ) following the 2026 Q2 hedge fund 13F filings?

As of today, NDAQ has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the XLF sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), NDAQ has gained +22.9% vs +8.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

Full history →