Nasdaq, Inc.
US ˙ NasdaqGS ˙ US6311031081

SecurityNDAQ / Nasdaq, Inc.
InstitutionShell Asset Management Co
Latest Disclosed Ownership29,932 shares
Latest Disclosed Value $ 2,647
Shell Asset Management Co reports 35.99% decrease in ownership of NDAQ / Nasdaq, Inc.

On November 7, 2025 - Shell Asset Management Co filed a 13F-HR form disclosing ownership of 29,932 shares of Nasdaq, Inc. (US:NDAQ) valued at $2,647,485 USD as of September 30, 2025. The entity filed a previous 13F-HR on July 23, 2025 disclosing 46,765 shares of Nasdaq, Inc.. This represents a change in shares of -35.99% during the quarter. The current value of the position is $2,647,485 USD.

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)
2025-11-07 2025-09-30 13F NASDAQ COM 631103108 29,932 -16,833 -35.99 3 -50.00 0.2659
2025-07-23 2025-06-30 13F NASDAQ COM 631103108 46,765 24,852 113.41 4 300.00 0.1444
2025-05-14 2025-03-31 13F NASDAQ COM 631103108 21,913 -606 -2.69 2 0.00 0.0789
2025-02-14 2024-12-31 13F NASDAQ COM 631103108 22,519 -869 -3.72 2 0.00 0.0761
2024-11-07 2024-09-30 13F NASDAQ COM 631103108 23,388 1,736 8.02 2 0.00 0.0752
2024-07-25 2024-03-31 13F NASDAQ COM 631103108 21,652 -17,668 -44.93 1 -50.00 0.0594
2024-02-14 2023-12-31 13F NASDAQ COM 631103108 39,320 -10,407 -20.93 2 0.00 0.1056
2023-11-08 2023-09-30 13F NASDAQ COM 631103108 49,727 -764 -1.51 2 0.00 0.0998
2023-07-28 2023-06-30 13F NASDAQ COM 631103108 50,491 -8,363 -14.21 3 -33.33 0.0993
2023-05-15 2023-03-31 13F NASDAQ COM 631103108 58,854 85 0.14 3 0.00 0.1335
2023-02-07 2022-12-31 13F NASDAQ COM 631103108 58,769 35,464 152.17 4 -99.77 0.1579
2022-11-14 2022-09-30 13F NASDAQ COM 631103108 23,305 13,351 134.13 1,321 -12.98 0.0515
2022-08-09 2022-06-30 13F NASDAQ COM 631103108 9,954 690 7.45 1,518 -8.06 0.0449
2022-05-04 2022-03-31 13F NASDAQ COM 631103108 9,264 -317 -3.31 1,651 -17.94 0.0390
2022-02-09 2021-12-31 13F NASDAQ COM 631103108 9,581 2,425 33.89 2,012 45.69 0.0413
2021-11-04 2021-09-30 13F NASDAQ COM 631103108 7,156 -179 -2.44 1,381 7.14 0.0310
2021-08-12 2021-06-30 13F NASDAQ COM 631103108 7,335 -288 -3.78 1,289 14.68 0.0250
2021-05-10 2021-03-31 13F NASDAQ COM 631103108 7,623 -2,389 -23.86 1,124 -15.43 0.0225
2021-02-16 2020-12-31 13F NASDAQ COM 631103108 10,012 3,937 64.81 1,329 78.39 0.0274
2020-11-13 2020-09-30 13F NASDAQ COM 631103108 6,075 1,250 25.91 745 29.34 0.0173
2020-08-10 2020-06-30 13F NASDAQ COM 631103108 4,825 -1,799 -27.16 576 -8.43 0.0144
2020-05-11 2020-03-31 13F NASDAQ COM 631103108 6,624 100 1.53 629 -10.01 0.0175
2020-02-13 2019-12-31 13F NASDAQ COM 631103108 6,524 0 0.00 699 7.87 0.0151
2019-11-12 2019-09-30 13F NASDAQ COM 631103108 6,524 -770 -10.56 648 -7.56 0.0148
2019-08-12 2019-06-30 13F NASDAQ COM 631103108 7,294 0 0.00 701 9.87 0.0155
2019-05-09 2019-03-31 13F NASDAQ COM 631103108 7,294 0 0.00 638 7.23 0.0141
2019-02-13 2018-12-31 13F NASDAQ COM 631103108 7,294 -1,668 -18.61 595 -22.63 0.0148
2018-11-13 2018-09-30 13F NASDAQ COM 631103108 8,962 2,215 32.83 769 24.84 0.0152
2018-08-10 2018-06-30 13F NASDAQ COM 631103108 6,747 0 0.00 616 5.84 0.0126
2018-05-14 2018-03-31 13F NASDAQ COM 631103108 6,747 0 0.00 582 12.36 0.0116
2018-02-09 2017-12-31 13F NASDAQ COM 631103108 6,747 980 16.99 518 15.88 0.0103
2017-10-20 2017-09-30 13F/A-1 NASDAQ COM 631103108 5,767 -1,644 -22.18 447 -15.66 0.0099
2017-10-18 2017-09-30 13F NASDAQ COM 631103108 18,876 11,465 801
2017-07-26 2017-06-30 13F NASDAQ COM 631103108 7,411 -50,435 -87.19 530 -86.81 0.0132
2017-04-26 2017-03-31 13F NASDAQ COM 631103108 57,846 6,495 12.65 4,017 16.54 0.1025
2017-01-10 2016-12-31 13F NASDAQ COM 631103108 51,351 27,020 111.05 3,447 109.80 0.0932
2016-10-28 2016-09-30 13F NASDAQ COM 631103108 24,331 1,286 5.58 1,643 10.27 0.0393
2016-07-25 2016-06-30 13F NASDAQ COM 631103108 23,045 16,832 270.92 1,490 261.65 0.0346
2016-05-11 2016-03-31 13F NASDAQ COM 631103108 6,213 -714 -10.31 412 2.23 0.0099
2016-02-05 2015-12-31 13F NASDAQ COM 631103108 6,927 -11,949 -63.30 403 -49.69 0.0095
2015-10-13 2015-09-30 13F NASDAQ COM 631103108 18,876 9,914 110.62 801 83.30 0.0127
2015-07-30 2015-06-30 13F NASDAQ OMX GROUP COM 631103108 8,962 -607 -6.34 437 -10.27 0.0087
2015-05-07 2015-03-31 13F NASDAQ OMX GROUP COM 631103108 9,569 9,569 0.00 487 0.0085
2015-02-04 2014-12-31 13F NASDAQ OMX GROUP COM 631103108 0 -18,876 -100.00 0 -100.00
2014-10-24 2014-09-30 13F NASDAQ OMX GROUP COM 631103108 18,876 -4 -0.02 801 9.88 0.0124
2014-08-08 2014-06-30 13F NASDAQ OMX GROUP COM 631103108 18,880 -11 -0.06 729 4.44 0.0112
2014-05-07 2014-03-31 13F NASDAQ OMX GROUP COM 631103108 18,891 -624 -3.20 698 -10.17 0.0116
2014-02-03 2013-12-31 13F/A-1 NASDAQ OMX GROUP COM 631103108 19,515 -11,208 -36.48 777 -21.28 0.0132
2014-01-27 2013-12-31 13F NASDAQ OMX GROUP COM 631103108 19,515 777
2013-10-28 2013-09-30 13F NASDAQ OMX GROUP COM 631103108 30,723 -6,125 -16.62 987 -18.29 0.0181
2013-08-01 2013-06-30 13F NASDAQ OMX GROUP COM 631103108 36,848 36,848 1,208 0.0230
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.