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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
931
Holders Change
+28
Holders Change %
+3.1%
% of All Funds
12.48%
Holding in Top 10
12
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+33.33%
% of All Funds
0.16%
New
124
Increased
387
Reduced
292
Closed
83
Calls
$111M
Puts
$89.3M
Net Calls
+$21.8M
Net Calls Change
+$57.4M

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$184M
2
Invesco
Invesco
Georgia
+$125M
3
UBS Group
UBS Group
Switzerland
+$85.2M
4
Massachusetts Financial Services
Massachusetts Financial Services
Massachusetts
+$78.2M
5
Franklin Resources
Franklin Resources
California
+$73.6M

Top Sellers

Rank Fund Capital Flow
1
Wellington Management Group
Wellington Management Group
Massachusetts
-$175M
2
Diamond Hill Capital Management
Diamond Hill Capital Management
Ohio
-$110M
3
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$62.1M
4
Norges Bank
Norges Bank
Norway
-$57.5M
5
MCM
Moore Capital Management
New York
-$44.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
KBFS
1001
Kohmann Bosshard Financial Services
Ohio
– -$10.1K -130 Closed
TAM
1002
Tucker Asset Management
Colorado
– -$6.65K -86 Closed
OC
1003
Oarsman Capital
Wisconsin
– -$5.49K -71 Closed
CAM
1004
Creekmur Asset Management
Illinois
– -$4.87K -63 Closed
CAS
1005
Coppell Advisory Solutions
Texas
– -$4.1K -53 Closed
SC
1006
Stephens Consulting
Michigan
– -$3.71K -48 Closed
HWA
1007
Heritage Wealth Advisors
Virginia
– -$2.94K -38 Closed
NWWA
1008
New Wave Wealth Advisors
Arkansas
– -$2.09K -27 Closed
CI
1009
Clal Insurance
Israel
– -$2K -24 Closed
OSNBOA
1010
Old Second National Bank of Aurora
Illinois
– -$1.31K -17 Closed
RTC
1011
Riverview Trust Company
Washington
– -$928 -12 Closed
BFPW
1012
BOK Financial Private Wealth
Colorado
– -$851 -11 Closed
MFG
1013
Mendota Financial Group
Wisconsin
– -$387 -5 Closed
Parallax Volatility Advisers
1014
Parallax Volatility Advisers
California
– -$77 -1 Closed
37 38 39 40
41

NDAQ Hedge Fund Activity: Q1 2025 in Review

931 of the 7,457 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.