Nasdaq
NDAQ
936 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, 389 increasing their positions, 293 reducing their positions, and 84 closing their positions.
48% more first-time investments, than exits
New positions opened: 124 | Existing positions closed: 84
47% more capital inflows, than outflows
Capital inflows: $1.99B | Capital outflows: $1.35B
33% more funds holding in top 10
Funds holding in top 10: 9 → 12 (+3)
33% more repeat investments, than reductions
Existing positions increased: 389 | Existing positions reduced: 293
24% more call options, than puts
Call options by funds: $111M | Put options by funds: $89.3M
3% more funds holding
Funds holding: 908 → 936 (+28)
1.32% more ownership
Funds ownership: 83.25% → 84.57% (+1.3%)
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 |
Moore Capital Management
New York
|
-$44.1M |
NDAQ Hedge Fund Activity: Q1 2025 in Review
936 of the 7,486 institutional investors tracked by Wall St. Rank reported a position in Nasdaq (NDAQ) for Q1 2025, worth a combined $36.9B — down 0.37% from $37B a quarter earlier.
Buyers outnumbered sellers: 124 funds opened new NDAQ positions and 84 closed out — a net gain of 40 holders — while 389 added to existing stakes and 293 trimmed.
The largest buyer was Bank of America, adding an estimated $184M. The largest seller was Wellington Management Group, cutting an estimated $175M.
- 936 institutional investors held Nasdaq (NDAQ) as of Q1 2025, up from 908 in Q4 2024.
- Funds reported $36.9B of Nasdaq stock for Q1 2025, down 0.37% quarter-over-quarter.
- 124 funds opened new Nasdaq positions in Q1 2025 and 84 closed out, a net change of +40 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.