나스닥, Inc.
MX ˙ BMV ˙ US6311031081
SecurityMX:NDAQ / Nasdaq, Inc.
InstitutionGAM Holding AG
Latest Disclosed Ownership42,315 shares
Latest Disclosed Value $ 4,110,056
GAM Holding AG reports 0.23% decrease in ownership of NDAQ / Nasdaq, Inc.

On February 17, 2026 - GAM Holding AG filed a 13F-HR form disclosing ownership of 42,315 shares of Nasdaq, Inc. (MX:NDAQ) valued at $4,110,056 USD as of December 31, 2025. The entity filed a previous 13F-HR on October 21, 2025 disclosing 42,413 shares of Nasdaq, Inc.. This represents a change in shares of -0.23% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-17 2025-12-31 13F NASDAQ COM 631103108 42,315 -98 -0.23 4,110 9.57 0.1993
2025-10-21 2025-09-30 13F NASDAQ COM 631103108 42,413 65 0.15 3,751 -0.92 0.2318
2025-08-04 2025-06-30 13F NASDAQ COM 631103108 42,348 -41,696 -49.61 3,787 -40.61 0.2662
2025-04-22 2025-03-31 13F NASDAQ COM 631103108 84,044 16,069 23.64 6,376 21.31 0.4945
2025-01-31 2024-12-31 13F NASDAQ COM 631103108 67,975 -8,579 -11.21 5,255 -5.98 0.3919
2024-10-22 2024-09-30 13F NASDAQ COM 631103108 76,554 3,130 4.26 5,589 26.33 0.4456
2024-07-26 2024-06-30 13F NASDAQ COM 631103108 73,424 -14,585 -16.57 4,425 -20.33 0.3395
2024-05-13 2024-03-31 13F NASDAQ COM 631103108 88,009 -2,432 -2.69 5,553 5.61 0.4018
2024-01-23 2023-12-31 13F NASDAQ COM 631103108 90,441 -232 -0.26 5,258 19.36 0.3911
2023-10-16 2023-09-30 13F NASDAQ COM 631103108 90,673 2 0.00 4,406 -2.52 0.3253
2023-07-27 2023-06-30 13F NASDAQ COM 631103108 90,671 29,550 48.35 4,520 35.26 0.3120
2023-05-09 2023-03-31 13F NASDAQ COM 631103108 61,121 61,121 3,341 0.2318
2017-11-14 2017-09-30 13F NASDAQ COM 631103108 0 -28,766 -100.00 0 -100.00
2017-08-07 2017-06-30 13F NASDAQ COM 631103108 28,766 200 0.70 2,056 3.63 0.0303
2017-05-12 2017-03-31 13F NASDAQ COM 631103108 28,566 0 0.00 1,984 3.50 0.0313
2017-02-10 2016-12-31 13F NASDAQ COM 631103108 28,566 800 2.88 1,917 2.24 0.0336
2016-11-07 2016-09-30 13F NASDAQ COM 631103108 27,766 229 0.83 1,875 5.28 0.0329
2016-08-11 2016-06-30 13F NASDAQ COM 631103108 27,537 3,585 14.97 1,781 12.01 0.0276
2016-05-13 2016-03-31 13F NASDAQ COM 631103108 23,952 0 0.00 1,590 14.14 0.0265
2016-02-08 2015-12-31 13F NASDAQ COM 631103108 23,952 1,190 5.23 1,393 14.74 0.0217
2015-11-12 2015-09-30 13F NASDAQ COM 631103108 22,762 -276,241 -92.39 1,214 -91.68 0.0209
2015-07-27 2015-06-30 13F NASDAQ OMX GROUP COM 631103108 299,003 -87,112 -22.56 14,594 -25.80 0.2112
2015-05-12 2015-03-31 13F NASDAQ OMX GROUP COM 631103108 386,115 157,645 69.00 19,669 79.51 0.2943
2015-02-06 2014-12-31 13F NASDAQ OMX GROUP COM 631103108 228,470 0 0.00 10,957 13.05 0.1637
2014-11-12 2014-09-30 13F NASDAQ OMX GROUP COM 631103108 228,470 0 0.00 9,692 9.84 0.1408
2014-08-11 2014-06-30 13F NASDAQ OMX GROUP COM 631103108 228,470 75,900 49.75 8,824 56.56 0.1339
2014-05-15 2014-03-31 13F NASDAQ OMX GROUP COM 631103108 152,570 15,300 11.15 5,636 3.17 0.0905
2014-02-12 2013-12-31 13F NASDAQ OMX GROUP COM 631103108 137,270 -49,150 -26.37 5,463 -8.68 0.0953
2013-11-12 2013-09-30 13F NASDAQ OMX GROUP COM 631103108 186,420 45,410 32.20 5,982 29.37 0.1120
2013-08-13 2013-06-30 13F NASDAQ OMX GROUP COM 631103108 141,010 141,010 4,624 0.1011
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.