One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.
American multinational financial technology services corporation
Financial health
Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.
Piotroski F-score
9 / 9
PASSReturn on assets positiveROA 5.8%
PASSOperating cash flow positiveOCF 2.3B
PASSReturn on assets improving3.7% → 5.8%
PASSCash flow exceeds earningsOCF 2.3B vs NI 1.8B
PASSLong-term debt ratio falling29.9% → 27.6% of assets
PASSCurrent ratio improving0.99 → 1.01
PASSNo share dilution579M → 579M shares
PASSGross margin improving62.8% → 63.5%
PASSAsset turnover improving0.24× → 0.27×
Altman Z-score
2.62grey
Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.
Cash conversion
126.1%
Share count change
-0.1%
Six-year record
Year
Revenue
Net income
Free cash flow
Gross margin
Shares
FY2020
$5.6B
$933.0M
$1.1B
51.6%
166,903,941
FY2021
$5.9B
$1.2B
$920.0M
58.1%
168,362,522
FY2022
$6.2B
$1.1B
$1.6B
57.5%
497,857,565
FY2023
$6.1B
$1.1B
$1.5B
64.2%
508,392,982
FY2024
$7.4B
$1.1B
$1.7B
62.8%
579,189,522
FY2025
Ownership flow
14 institutions tracked — 8 added, 4 reduced, 2 opened a new position, 1 sold out.
Institutional holders of NASDAQ, INC. and their share-count change
Manager
Kind
Shares
Change
Value
WELLINGTON MANAGEMENT GROUP LLP
Active fund
30,332,286
−5,946,692
$2.4B
JPMORGAN CHASE & CO
Active fund
3,655,221
+1,742,229
$280.9M
MORGAN STANLEY
Active fund
11,355,733
+1,100,229
$895.1M
BlackRock, Inc.
Index
37,194,072
−975,710
$2.9B
Capital returned
What the company actually paid out and bought back, as reported — the record behind any yield figure.
NASDAQ, INC. scores 9 out of 9 on the Piotroski F-score. Its Altman Z-score puts it in the grey zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of NASDAQ, INC.?
Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (trimming), WELLINGTON MANAGEMENT GROUP LLP (trimming), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.
This page is one panel of the terminal
The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.
Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.
$8.3B
$1.8B
$2.0B
63.5%
578,597,687
CITADEL ADVISORS LLC
Hedge fund
2,047,371
+675,378
$161.4M
FMR LLC
Active fund
4,593,229
+483,759
$362.0M
STATE STREET CORP
Index
20,181,861
+467,156
$1.6B
AQR CAPITAL MANAGEMENT LLC
Hedge fund
2,214,061
+317,658
$172.5M
Point72 Asset Management, L.P.
Hedge fund
604,420
−219,243
$47.6M
BANK OF AMERICA CORP /DE/
Active fund
7,658,344
−185,330
$603.6M
PRICE T ROWE ASSOCIATES INC /MD/
Active fund
778,975
+145,218
$61.4M
GEODE CAPITAL MANAGEMENT, LLC
Index
13,121,054
+143,896
$1.0B
NORGES BANK, Bridgewater Associates, LP hold a position with no prior filing to compare against, so their change is unknown rather than zero — and they are left out of the totals above.
From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.
