We are live on ! Find out more
NDAQ icon

Nasdaq
NDAQ

1,044 hedge funds and large institutions have $42B invested in Nasdaq in 2025 Q3 according to their latest regulatory filings, with 127 funds opening new positions, 429 increasing their positions, 315 reducing their positions, and 88 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% more call options, than puts

Call options by funds: $172M | Put options by funds: $103M

44% more first-time investments, than exits

New positions opened: 127 | Existing positions closed: 88

36% more repeat investments, than reductions

Existing positions increased: 429 | Existing positions reduced: 315

3% more funds holding

Funds holding: 1,018 → 1,044 (+26)

0.63% less ownership

Funds ownership: 83.41% → 82.78% (-0.63%)

2% less capital invested

Capital invested by funds: $42.8B → $42B (-$814M)

31% less funds holding in top 10

Funds holding in top 10: 13 → 9 (-4)

Holders
1,044
Holders Change
+26
Holders Change %
+2.55%
% of All Funds
13.7%
Holding in Top 10
9
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-30.77%
% of All Funds
0.12%
New
127
Increased
429
Reduced
315
Closed
88
Calls
$172M
Puts
$103M
Net Calls
+$68.7M
Net Calls Change
+$25.5M

Top Buyers

Rank Fund Capital Flow
1
Vanguard Group
Vanguard Group
Pennsylvania
+$356M
2
BlackRock
BlackRock
New York
+$286M
3
Select Equity Group
Select Equity Group
New York
+$161M
4
State Street
State Street
Massachusetts
+$130M
5
Qube Research & Technologies (QRT)
Qube Research & Technologies (QRT)
United Kingdom
+$113M

Top Sellers

Rank Fund Capital Flow
1
Jane Street
Jane Street
New York
-$561M
2
Harris Associates
Harris Associates
Illinois
-$173M
3
Diamond Hill Capital Management
Diamond Hill Capital Management
Ohio
-$154M
4
Wellington Management Group
Wellington Management Group
Massachusetts
-$133M
5
UBS AM
UBS AM
Illinois
-$98.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
CTB
1001
Country Trust Bank
Illinois
$3.71K – – –
PPA
1002
Painted Porch Advisors
California
$3.63K – – –
HWA
1003
Heartwood Wealth Advisors
Virginia
$3.63K +$3.8K +41 New
FC
1004
Financial Consulate
Maryland
$3.36K +$3.52K +38 New
DI
1005
DAGCO Inc
Ohio
$3.36K – – –
CBT
1006
Crews Bank & Trust
Florida
$3.18K – – –
PWA
1007
Principia Wealth Advisory
Texas
$2.83K +$278 +3 +10%
JGIA
1008
Jackson Grant Investment Advisers
Connecticut
$2.65K – – –
BHWM
1009
Bay Harbor Wealth Management
Maryland
$2.65K +$741 +8 +36%
DF
1010
Dunhill Financial
United Kingdom
$2.54K +$93 +1 +4%
Kayne Anderson Rudnick Investment Management
1011
Kayne Anderson Rudnick Investment Management
California
$2.48K – – –
S
1012
Sachetta
Massachusetts
$2.48K – – –
APM
1013
Advanced Portfolio Management
New York
$2.48K +$2.59K +28 New
DWM
1014
Dogwood Wealth Management
Kansas
$2.3K +$185 +2 +8%
MAS
1015
MPWM Advisory Solutions
Georgia
$2.21K – – –
CWP
1016
Clark Wealth Partners
Illinois
$2.04K – – –
TFM
1017
TFC Financial Management
Massachusetts
$2.04K – – –
NL
1018
NVWM LLC
Pennsylvania
$2.03K – – –
RWM
1019
Rialto Wealth Management
New York
$1.95K +$278 +3 +16%
M
1020
MOTCO
Texas
$1.68K – – –
SIC
1021
SJS Investment Consulting
Ohio
$1.68K – – –
EWP
1022
Elevation Wealth Partners
California
$1.68K +$1.76K +19 New
ACA
1023
American Capital Advisory
Idaho
$1.59K – – –
QWM
1024
Quaker Wealth Management
New Jersey
$1.59K – – –
AP
1025
Aspect Partners
Virginia
$1.5K +$1.57K +17 New
39 40
41
42 43

NDAQ Hedge Fund Activity: Q3 2025 in Review

1,044 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Nasdaq (NDAQ) for Q3 2025, worth a combined $42B — down 1.9% from $42.8B a quarter earlier.

Buyers outnumbered sellers: 127 funds opened new NDAQ positions and 88 closed out — a net gain of 39 holders — while 429 added to existing stakes and 315 trimmed.

The largest buyer was Vanguard Group, adding an estimated $356M. The largest seller was Jane Street, cutting an estimated $561M.

  • 1,044 institutional investors held Nasdaq (NDAQ) as of Q3 2025, up from 1,018 in Q2 2025.
  • Funds reported $42B of Nasdaq stock for Q3 2025, down 1.9% quarter-over-quarter.
  • 127 funds opened new Nasdaq positions in Q3 2025 and 88 closed out, a net change of +39 holders.
  • The largest Nasdaq buyer in Q3 2025 was Vanguard Group, an estimated $356M added.
  • The largest Nasdaq seller in Q3 2025 was Jane Street, an estimated $561M sold.

Based on aggregated 13F filings for Q3 2025.