Nasdaq
NDAQ
931 hedge funds and large institutions have $36.9B invested in Nasdaq in 2025 Q1 according to their latest regulatory filings, with 124 funds opening new positions, 387 increasing their positions, 292 reducing their positions, and 83 closing their positions.
49% more first-time investments, than exits
New positions opened: 124 | Existing positions closed: 83
33% more funds holding in top 10
Funds holding in top 10: 9 → 12 (+3)
33% more repeat investments, than reductions
Existing positions increased: 387 | Existing positions reduced: 292
24% more call options, than puts
Call options by funds: $111M | Put options by funds: $89.3M
3% more funds holding
Funds holding: 903 → 931 (+28)
1.35% more ownership
Funds ownership: 83.21% → 84.56% (+1.3%)
0% less capital invested
Capital invested by funds: $37B → $36.9B (-$122M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$184M |
| 2 |
Invesco
Atlanta,
Georgia
|
+$125M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$85.2M |
| 4 |
Massachusetts Financial Services
Boston,
Massachusetts
|
+$78.2M |
| 5 |
Franklin Resources
San Mateo,
California
|
+$73.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$175M |
| 2 |
Diamond Hill Capital Management
Columbus,
Ohio
|
-$110M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
-$62.1M |
| 4 |
Norges Bank
Oslo,
Norway
|
-$57.5M |
| 5 |
MCM
Moore Capital Management
New York
|
-$44.1M |
NDAQ Hedge Fund Activity: Q1 2025 in Review
931 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Nasdaq (NDAQ) for Q1 2025, worth a combined $36.9B — down 0.33% from $37B a quarter earlier.
Buyers outnumbered sellers: 124 funds opened new NDAQ positions and 83 closed out — a net gain of 41 holders — while 387 added to existing stakes and 292 trimmed.
The largest buyer was Bank of America, adding an estimated $184M. The largest seller was Wellington Management Group, cutting an estimated $175M.
- 931 institutional investors held Nasdaq (NDAQ) as of Q1 2025, up from 903 in Q4 2024.
- Funds reported $36.9B of Nasdaq stock for Q1 2025, down 0.33% quarter-over-quarter.
- 124 funds opened new Nasdaq positions in Q1 2025 and 83 closed out, a net change of +41 holders.
- The largest Nasdaq buyer in Q1 2025 was Bank of America, an estimated $184M added.
- The largest Nasdaq seller in Q1 2025 was Wellington Management Group, an estimated $175M sold.
Based on aggregated 13F filings for Q1 2025.