Nasdaq, Inc.
MX ˙ BMV ˙ US6311031081
SecurityMX:NDAQ / Nasdaq, Inc.
InstitutionGladstone Institutional Advisory LLC
Latest Disclosed Ownership7,344 shares
Latest Disclosed Value $ 623,517
Gladstone Institutional Advisory LLC reports 11.02% increase in ownership of NDAQ / Nasdaq, Inc.

On May 14, 2026 - Gladstone Institutional Advisory LLC filed a 13F-HR form disclosing ownership of 7,344 shares of Nasdaq, Inc. (MX:NDAQ) valued at $623,517 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 6,615 shares of Nasdaq, Inc.. This represents a change in shares of 11.02% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F NASDAQ COM 631103108 7,344 729 11.02 624 -2.96 0.0231
2026-02-17 2025-12-31 13F NASDAQ COM 631103108 6,615 54 0.82 643 10.69 0.0243
2025-10-22 2025-09-30 13F NASDAQ COM 631103108 6,561 -980 -13.00 580 -13.95 0.0223
2025-08-12 2025-06-30 13F NASDAQ COM 631103108 7,541 65 0.87 674 18.87 0.0279
2025-05-15 2025-03-31 13F NASDAQ COM 631103108 7,476 -38,801 -83.85 567 -84.15 0.0264
2025-01-29 2024-12-31 13F NASDAQ COM 631103108 46,277 2,400 5.47 3,578 11.68 0.1660
2024-10-28 2024-09-30 13F NASDAQ COM 631103108 43,877 38,427 705.08 3,203 876.52 0.1564
2024-08-02 2024-06-30 13F NASDAQ COM 631103108 5,450 914 20.15 328 14.69 0.0171
2024-05-14 2024-03-31 13F NASDAQ COM 631103108 4,536 767 20.35 286 30.59 0.0157
2024-02-09 2023-12-31 13F NASDAQ COM 631103108 3,769 3,769 219 0.0123
2023-05-12 2023-03-31 13F NASDAQ COM 631103108 0 -3,264 -100.00 0 -100.00
2023-02-01 2022-12-31 13F NASDAQ COM 631103108 3,264 -484 -12.91 200 -5.66 0.0141
2023-01-30 2022-09-30 13F/A-1 NASDAQ COM 631103108 3,748 3,748 212 0.0166
2022-10-20 2022-09-30 13F NASDAQ COM 631103108 3,748 3,748 212 0.0166
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.