Nasdaq
NDAQ
1,018 hedge funds and large institutions have $42.8B invested in Nasdaq in 2025 Q2 according to their latest regulatory filings, with 167 funds opening new positions, 413 increasing their positions, 304 reducing their positions, and 71 closing their positions.
135% more first-time investments, than exits
New positions opened: 167 | Existing positions closed: 71
61% more call options, than puts
Call options by funds: $114M | Put options by funds: $71.2M
36% more repeat investments, than reductions
Existing positions increased: 413 | Existing positions reduced: 304
16% more capital invested
Capital invested by funds: $36.9B → $42.8B (+$5.93B)
9% more funds holding
Funds holding: 931 → 1,018 (+87)
8% more funds holding in top 10
Funds holding in top 10: 12 → 13 (+1)
1.15% less ownership
Funds ownership: 84.56% → 83.41% (-1.2%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
+$679M |
| 2 |
Jane Street
New York
|
+$575M |
| 3 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$546M |
| 4 |
Vanguard Group
Malvern,
Pennsylvania
|
+$225M |
| 5 |
Neuberger Berman Group
New York
|
+$155M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TB
Thoma Bravo
Chicago,
Illinois
|
-$3.25B |
| 2 |
Capital World Investors
Los Angeles,
California
|
-$529M |
| 3 |
Bank Julius Baer & Co
Zurich,
Switzerland
|
-$106M |
| 4 |
Invesco
Atlanta,
Georgia
|
-$78.4M |
| 5 |
Harris Associates
Chicago,
Illinois
|
-$73.6M |
NDAQ Hedge Fund Activity: Q2 2025 in Review
1,018 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Nasdaq (NDAQ) for Q2 2025, worth a combined $42.8B — up 16% from $36.9B a quarter earlier.
Buyers outnumbered sellers: 167 funds opened new NDAQ positions and 71 closed out — a net gain of 96 holders — while 413 added to existing stakes and 304 trimmed.
The largest buyer was Wellington Management Group, adding an estimated $679M. The largest seller was Thoma Bravo, exiting entirely with an estimated $3.25B sold.
- 1,018 institutional investors held Nasdaq (NDAQ) as of Q2 2025, up from 931 in Q1 2025.
- Funds reported $42.8B of Nasdaq stock for Q2 2025, up 16% quarter-over-quarter.
- 167 funds opened new Nasdaq positions in Q2 2025 and 71 closed out, a net change of +96 holders.
- The largest Nasdaq buyer in Q2 2025 was Wellington Management Group, an estimated $679M added.
- The largest Nasdaq seller in Q2 2025 was Thoma Bravo, an estimated $3.25B sold.
Based on aggregated 13F filings for Q2 2025.