Nasdaq, Inc.: which funds bought and sold

Institutions that bought and sold Nasdaq shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 508 institutions that filed 13F reports for both quarters added to or opened positions in Nasdaq, and 521 cut or closed them. Together they sold a net 2.2M shares, −0.5% on what they held at the start of the quarter. Active managers and hedge funds on our list were net sellers of 8.3M shares (−7.1%); index fund managers were net sellers of 507K shares (−0.4%). 99 opened a new position and 116 sold out entirely.

Bought, Q2 2026 508 institutions, 99 of them new holders Sold, Q2 2026 521 institutions, 116 of them sold out

Net change, all compared −2.2M shares (−0.5%)

Net change, active managers −8.3M shares (−7.1%), 38 bought, 41 sold

Buyers versus sellers

institutions compared, 1,172

508 bought 143 521 sold

Active managers and hedge funds 38 bought · 41 sold · −8.3M

Index fund managers 6 bought · 6 sold · −507K

Other institutions 464 bought · 474 sold · +6.6M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Jane Street Group, LLC	+2.9M +2779.3%	3.0M	$234M
Jpmorgan Chase & Co	+2.0M +126.6%	3.7M	$281M
Barclays PLC	+1.8M +140.5%	3.2M	$249M
Morgan Stanley	+1.1M +10.7%	11.4M	$895M
Los Angeles Capital Management LLC Active manager	+1.0M +604.5%	1.2M	$92.3M
D. E. Shaw & Co., Inc. Hedge fund	+916K +52.5%	2.7M	$210M
UBS Group AG	+895K +12.8%	7.9M	$621M
Two Sigma Investments, LP Hedge fund	+705K +30.2%	3.0M	$240M
Qube Research & Technologies Ltd Hedge fund	+666K +63.3%	1.7M	$135M
Westfield Capital Management Co LP Active manager	+636K New position	636K	$50.1M
Mackenzie Financial Corp	+601K +92.5%	1.3M	$98.5M
Pfa Pension, Forsikringsaktieselskab	+588K New position	588K	$46.3M
Guinness Asset Management Ltd Active manager	+545K +3019.3%	563K	$44.4M
Citadel Advisors LLC Hedge fund	+534K +56.5%	1.5M	$117M
Goldman Sachs Group Inc	+502K +11.3%	4.9M	$390M
FMR LLC Active manager	+484K +11.8%	4.6M	$362M
State Street Corp Index funds	+467K +2.4%	20.2M	$1.6B
Vinva Investment Management Ltd	+438K +100.8%	872K	$67M
Deutsche Bank Ag\	+416K +22.2%	2.3M	$180M
Newedge Advisors, LLC	+384K +730.9%	436K	$34.4M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Los Angeles Capital Management LLC Active manager	+1.0M +604.5%	1.2M	$92.3M
D. E. Shaw & Co., Inc. Hedge fund	+916K +52.5%	2.7M	$210M
Two Sigma Investments, LP Hedge fund	+705K +30.2%	3.0M	$240M
Qube Research & Technologies Ltd Hedge fund	+666K +63.3%	1.7M	$135M
Westfield Capital Management Co LP Active manager	+636K New position	636K	$50.1M
Guinness Asset Management Ltd Active manager	+545K +3019.3%	563K	$44.4M
Citadel Advisors LLC Hedge fund	+534K +56.5%	1.5M	$117M
FMR LLC Active manager	+484K +11.8%	4.6M	$362M
AQR Capital Management LLC Hedge fund	+318K +16.8%	2.2M	$172M
Balyasny Asset Management L.P. Hedge fund	+300K +71.5%	720K	$56.8M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Wellington Management Group LLP Active manager	−5.9M −16.4%	30.3M	$2.4B
Massachusetts Financial Services Co Active manager	−5.8M −20.0%	23.3M	$1.8B
Neuberger Berman Group LLC Active manager	−1.5M −55.8%	1.2M	$92.9M
Invesco Ltd.	−1.2M −26.8%	3.3M	$259M
Blackrock, Inc. Index funds	−976K −2.6%	37.2M	$2.9B
Principal Financial Group Inc	−788K −36.5%	1.4M	$108M
Stony Point Capital LLC	−733K Sold out	0	—
Nuveen, LLC	−670K −11.4%	5.2M	$410M
Freestone Grove Partners LP Hedge fund	−601K Sold out	0	—
Zurich Insurance Group Ltd	−588K −89.3%	70K	$5.5M
Bessemer Group Inc	−482K −18.3%	2.2M	$170M
Man Group PLC Hedge fund	−407K −37.2%	687K	$54.2M
Walleye Capital LLC Hedge fund	−391K −96.0%	16K	$1.3M
HRT Financial LP	−386K Sold out	0	—
Ceredex Value Advisors LLC	−369K Sold out	0	—
Mediolanum International Funds Ltd	−361K −83.1%	74K	$5.7M
Panagora Asset Management Inc Active manager	−345K −78.9%	93K	$7.3M
Blair William & Co	−281K −27.3%	745K	$58.8M
Capital World Investors Active manager	−275K Sold out	0	—
Bank Of Nova Scotia	−263K −70.2%	111K	$8.8M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Wellington Management Group LLP Active manager	−5.9M −16.4%	30.3M	$2.4B
Massachusetts Financial Services Co Active manager	−5.8M −20.0%	23.3M	$1.8B
Neuberger Berman Group LLC Active manager	−1.5M −55.8%	1.2M	$92.9M
Freestone Grove Partners LP Hedge fund	−601K Sold out	0	—
Man Group PLC Hedge fund	−407K −37.2%	687K	$54.2M
Walleye Capital LLC Hedge fund	−391K −96.0%	16K	$1.3M
Panagora Asset Management Inc Active manager	−345K −78.9%	93K	$7.3M
Capital World Investors Active manager	−275K Sold out	0	—
Point72 Asset Management, L.P. Hedge fund	−219K −27.0%	591K	$46.6M
Holocene Advisors, LP Hedge fund	−184K Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Westfield Capital Management Co LPActive manager	636K	$50.1M
Pfa Pension, Forsikringsaktieselskab	588K	$46.3M
Private Capital Advisors, Inc.	243K	$19.1M
Susquehanna Fundamental Investments, LLC	225K	$17.7M
Fenimore Asset Management Inc	217K	$17.1M
Tudor Investment Corp Et AlHedge fund	168K	$13.3M
Xtx Topco Ltd	149K	$11.8M
Trexquant Investment LPHedge fund	121K	$9.5M
Exoduspoint Capital Management, LPHedge fund	115K	$9.1M
Marshall Wace, LLPHedge fund	88K	$6.9M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Stony Point Capital LLC	733K	$62.2M
Freestone Grove Partners LPHedge fund	601K	$51M
HRT Financial LP	386K	$32.8M
Ceredex Value Advisors LLC	369K	$31.3M
Capital World InvestorsActive manager	275K	$23.4M
Northern Right Capital Management, L.P.	228K	$19.3M
Shapiro Capital Management LLC	219K	$18.6M
Pinebridge Investments LLC	194K	$16.5M
Holocene Advisors, LPHedge fund	184K	$15.6M
Payden & Rygel	134K	$11.3M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 1,077
Ten largest holders: 55.1%
Index fund managers: 29.3%
Active managers and hedge funds: 23.0%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	38	41	11	8	−8.3M	−7.1%
Index fund managers	6	6	0	0	−507K	−0.4%
Other institutions	464	474	88	108	+6.6M	+3.1%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Nasdaq.

Only managers that filed a holdings report for both quarters are compared (1,172 here). 41 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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