Nasdaq, Inc.
MX ˙ BMV ˙ US6311031081
SecurityMX:NDAQ / Nasdaq, Inc.
InstitutionComerica Bank
Latest Disclosed Ownership171,315 shares
Latest Disclosed Value $ 16,639,774
Comerica Bank reports 4.55% increase in ownership of NDAQ / Nasdaq, Inc.

On January 29, 2026 - Comerica Bank filed a 13F-HR form disclosing ownership of 171,315 shares of Nasdaq, Inc. (MX:NDAQ) valued at $16,639,774 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 163,860 shares of Nasdaq, Inc.. This represents a change in shares of 4.55% 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)
2026-01-29 2025-12-31 13F NASDAQ COM 631103108 171,315 7,455 4.55 16,640 14.81 0.0664
2025-11-14 2025-09-30 13F NASDAQ COM 631103108 163,860 4,532 2.84 14,493 1.73 0.0545
2025-08-14 2025-06-30 13F NASDAQ COM 631103108 159,328 76,229 91.73 14,247 126.04 0.0553
2025-05-14 2025-03-31 13F NASDAQ COM 631103108 83,099 -1,027 -1.22 6,304 -3.08 0.0265
2025-02-14 2024-12-31 13F/A-1 NASDAQ COM 631103108 84,126 6,234 8.00 6,504 14.37 0.0262
2025-02-14 2024-12-31 13F NASDAQ COM 631103108 84,126 6,234 6,504 0.0218
2024-11-14 2024-09-30 13F NASDAQ COM 631103108 77,892 3,887 5.25 5,687 27.52 0.0225
2024-08-15 2024-06-30 13F NASDAQ STOCK MARKET COMMON 631103108 74,005 1,479 2.04 4,460 -2.56 0.0186
2024-05-16 2024-03-31 13F NASDAQ STOCK MARKET COMMON 631103108 72,526 350 0.48 4,576 9.06 0.0197
2024-02-14 2023-12-31 13F NASDAQ STOCK MARKET COMMON 631103108 72,176 402 0.56 4,196 20.33 0.0193
2023-11-21 2023-09-30 13F NASDAQ COMMON 631103108 71,774 -135,539 -65.38 3,487 0.0182
2023-08-22 2023-06-30 13F NASDAQ STOCK MARKET EQU 631103108 207,313 163,427 372.39 0 -100.00 0.0036
2023-01-26 2022-12-31 13F NASDAQ STOCK MARKET COM 631103108 43,886 -9,180 -17.30 3 -99.94 0.0216
2022-10-28 2022-09-30 13F NASDAQ STOCK MARKET COM 631103108 53,066 34,290 182.63 3,119 4.28 0.0263
2022-08-02 2022-06-30 13F NASDAQ STOCK MARKET COM 631103108 18,776 4,280 29.53 2,991 19.40 0.0246
2022-04-27 2022-03-31 13F NASDAQ STOCK MARKET COM 631103108 14,496 -2,338 -13.89 2,505 -14.97 0.0182
2022-02-18 2021-12-31 13F NASDAQ STOCK MARKET COM 631103108 16,834 -987 -5.54 2,946 -18.05 0.0217
2021-11-22 2021-09-30 13F NASDAQ STOCK MARKET COM 631103108 17,821 -5,346 -23.08 3,595 -17.47 0.0217
2021-08-26 2021-06-30 13F NASDAQ STOCK MARKET COM 631103108 23,167 2,959 14.64 4,356 32.68 0.0260
2021-04-28 2021-03-31 13F NASDAQ STOCK MARKET COM 631103108 20,208 -831 -3.95 3,283 11.14 0.0196
2021-01-28 2020-12-31 13F NASDAQ STOCK MARKET COM 631103108 21,039 -1,178 -5.30 2,954 2.96 0.0187
2020-10-30 2020-09-30 13F NASDAQ STOCK MARKET COM 631103108 22,217 149 0.68 2,869 -3.04 0.0208
2020-07-31 2020-06-30 13F NASDAQ STOCK MARKET COM 631103108 22,068 -13,227 -37.48 2,959 -20.63 0.0228
2020-05-01 2020-03-31 13F NASDAQ STOCK MARKET COM 631103108 35,295 14,006 65.79 3,728 50.99 0.0342
2020-02-07 2019-12-31 13F NASDAQ STOCK MARKET COM 631103108 21,289 -16,874 -44.22 2,469 -35.94 0.0187
2019-10-31 2019-09-30 13F NASDAQ STOCK MARKET COM 631103108 38,163 -1,756 -4.40 3,854 -5.93 0.0305
2019-08-02 2019-06-30 13F NASDAQ STOCK MARKET COM 631103108 39,919 416 1.05 4,097 18.51 0.0328
2019-05-02 2019-03-31 13F NASDAQ STOCK MARKET COM 631103108 39,503 -406 -1.02 3,457 0.93 0.0280
2019-02-06 2018-12-31 13F NASDAQ STOCK MARKET COM 631103108 39,909 162 0.41 3,425 5.55 0.0291
2018-11-01 2018-09-30 13F NASDAQ STOCK MARKET COM 631103108 39,747 -6,896 -14.78 3,245 -26.33 0.0262
2018-08-01 2018-06-30 13F NASDAQ STOCK MARKET COM 631103108 46,643 -3,734 -7.41 4,405 0.57 0.0308
2018-05-01 2018-03-31 13F NASDAQ STOCK MARKET COM 631103108 50,377 -2,650 -5.00 4,380 1.77 0.0313
2018-02-02 2017-12-31 13F NASDAQ STOCK MARKET COM 631103108 53,027 -4,813 -8.32 4,304 2.77 0.0287
2017-11-06 2017-09-30 13F NASDAQ STOCK MARKET COM 631103108 57,840 -7,044 -10.86 4,188 -11.14 0.0303
2017-08-03 2017-06-30 13F NASDAQ STOCK MARKET COM 631103108 64,884 3,964 6.51 4,713 12.67 0.0353
2017-05-03 2017-03-31 13F NASDAQ STOCK MARKET COM 631103108 60,920 32,039 110.93 4,183 113.85 0.0317
2017-02-08 2016-12-31 13F NASDAQ STOCK MARKET COM 631103108 28,881 -1,567 -5.15 1,956 -8.51 0.0155
2016-08-11 2016-06-30 13F NASDAQ STOCK MARKET COM 631103108 30,448 -605 -1.95 2,138 6.85 0.0185
2016-05-11 2016-03-31 13F NASDAQ STOCK MARKET COM 631103108 31,053 1,007 3.35 2,001 19.32 0.0179
2016-02-05 2015-12-31 13F NASDAQ STOCK MARKET COM 631103108 30,046 -26,846 -47.19 1,677 -44.73 0.0165
2015-11-12 2015-09-30 13F NASDAQ STOCK MARKET COM 631103108 56,892 -358 -0.63 3,034 8.59 0.0287
2015-08-13 2015-06-30 13F NASDAQ STOCK MARKET COM 631103108 57,250 27,593 93.04 2,794 84.91 0.0120
2015-05-15 2015-03-31 13F NASDAQ STOCK MARKET COM 631103108 29,657 -29,459 -49.83 1,511 -46.72 0.0128
2015-02-13 2014-12-31 13F NASDAQ STOCK MARKET COM 631103108 59,116 28,911 95.72 2,836 121.39 0.0123
2014-10-21 2014-09-30 13F NASDAQ STOCK MARKET COM 631103108 30,205 -1,091 -3.49 1,281 5.96 0.0113
2014-08-12 2014-06-30 13F NASDAQ STOCK MARKET COM 631103108 31,296 -8,739 -21.83 1,209 -18.26 0.0103
2014-05-15 2014-03-31 13F NASDAQ STOCK MARKET COM 631103108 40,035 -764 -1.87 1,479 -8.93 0.0113
2014-02-11 2013-12-31 13F NASDAQ STOCK MARKET COM 631103108 40,799 -20,513 -33.46 1,624 -17.52 0.0126
2013-11-12 2013-09-30 13F NASDAQ STOCK MARKET COM 631103108 61,312 -1,050 -1.68 1,969 -3.72 0.0137
2013-08-13 2013-06-30 13F/A-1 NASDAQ STOCK MARKET COM 631103108 62,362 62,362 2,045 0.0167
2013-08-08 2013-06-30 13F NASDAQ STOCK MARKET COM 631103108 351,688 11,534
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.