HF Best Ideas
AnalysesQuarterly LettersWarren AI
All companies
Nasdaq logo

What smart money is saying about NasdaqUnited States flag

NDAQ · Financial Services · Financial - Data & Stock Exchanges · Market cap $53.86B

3 funds in our archive have pitched Nasdaq — most recently Guinness Global Quality Mid Cap Fund in August 2026.

Company profile

Nasdaq, Inc., a technology powerhouse founded in 1971 and based in New York City, is dedicated to supporting capital markets and various other sectors worldwide. Its Market Technology division specializes in fighting financial crime, offering products like Nasdaq Trade Surveillance, a SaaS solution that assists brokers and market participants in meeting compliance requirements and internal surveillance policies. This segment also provides Nasdaq Automated Investigator, a cloud-deployed anti-money laundering tool, and Verafin, a SaaS provider for anti-financial crime management. Furthermore, this division handles a wide array of assets, including cash equities, equity derivatives, global currencies, interest-bearing securities, commodities, energy resources, and digital currencies. The Investment Intelligence segment is responsible for distributing both historical and live market data, creating and licensing Nasdaq-branded financial indexes and products, and delivering valuable investment insights and workflow solutions. Through its Corporate Platforms, Nasdaq manages operational listing venues and furnishes specialized intelligence for investor relations, alongside comprehensive governance services. The Market Services segment covers a broad spectrum of operations, including the trading and clearing of equity derivatives, cash equities, fixed income, and commodities, in addition to providing trade management services. This division operates numerous exchanges and marketplace facilities that accommodate diverse asset classes such as derivatives, commodities, cash equity, debt, structured products, and exchange-traded products, while also offering crucial broker, clearing, settlement, and central depository functionalities. As of December 31, 2021, The Nasdaq Stock Market proudly listed 4,178 companies, specifically 1,632 on The Nasdaq Global Select Market, 1,169 on The Nasdaq Global Market, and 1,377 on The Nasdaq Capital Market. The company adopted its current name, Nasdaq, Inc., in September 2015, having previously been known as The NASDAQ OMX Group, Inc.

Get an email when a fund writes about it

Summarize with Warren AI
5
Reported positions
2
Bought
0
Sold
8
Letters

Position history

Between Q1 2026 and Q3 2026, 5 fund letters reported a position in Nasdaq — 2 opened or added to the position.

Fund letters reporting a position in Nasdaq, by quarter
QuarterLettersBoughtSoldTheses
Q3 20265202
Q1 20260001

Fund activity · 5 positions · 2 moves

Also mentioned · 2

These funds discuss Nasdaq — as a competitor, benchmark or comparable — without disclosing a position in it.

  • MentionedNinepoint Partners Mid‑Year Outlook
    June 2026
    “Tokenization of other real-world assets (RWAs) represents the next phase of that evolution. Tokenized RWAs have surpassed $30 billion4, up 200% year-over-year, as Wall Street is bringing equities, commodities, treasuries, and credit products onto crypto rails. In 2026, the NYSE and Nasdaq each unveiled plans for tokenized stock platforms, Morgan Stanley announced plans to launch a digital wallet for tokenized RWAs, and the S&P 500 officially became tradable onchain, among many other examples.”
    Read the letterNasdaq
  • MentionedHorizon Kinetics Market Commentary
    June 2026
    “Exchange IPO and Inception Dates Formation Date Listing Date New York Stock Exchange (NYSE) 1792 2006 CME Group Inc. 1898 2002 Nasdaq Inc. 1971 2002 Intercontinental Exchange Inc. 2000 2005 CBOE Global Markets 1973 2010 Miami International Holdings 2000 2025 Japan Exchange Group Inc 2013 2013 Hong Kong Exchanges & Clearing Ltd 1891 2000 London Stock Exchange Group Plc 1801 2007 Deutsche Boerse AG 1992 2001 Philippine Stock Exchange Inc 1927 1992 Singapore Exchange Ltd. 2000 1999 ASX Ltd 1987 1998 Bursa Malaysia Bhd 1964 2004 Euronext Athens 1876 2022 Johannesburg Exchange 1887 2006”
    Read the letterNasdaq

Fund coverage · 3 theses

Read every full thesis on Nasdaq

Unlock all 3 theses — the full reasoning behind what funds are buying, plus unlimited access to the entire archive.

View plans→
Share this ledger