SCHEDULE: Vanguard Discloses 6.29% Stake in Nasdaq

Vanguard Capital Management reports beneficial ownership of 35,762,865 shares, representing 6.29% of Nasdaq Inc.'s common stock as of March 31, 2026.

Summary

• Vanguard Capital Management, along with its affiliates, has filed a Schedule 13G indicating beneficial ownership of 35,762,865 shares of Nasdaq Inc. common stock.
• This holding represents 6.29% of the total class of securities.
• The filing specifies that Vanguard Capital Management has sole dispositive power over these shares.
• Sole voting power is held for 4,525,057 shares, while shared voting power is 0.
• The filing is made in accordance with SEC Release No. 34-39538, reflecting securities held by Vanguard funds and managed accounts.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of beneficial ownership by a major institutional investor and does not contain operational or financial performance updates.

Positives

• Vanguard, a major institutional investor, holds a significant stake in Nasdaq, indicating confidence in the company's long-term prospects.
• The clear disclosure of beneficial ownership and voting/dispositive power provides transparency to the market.

Future Outlook

This filing is a disclosure of current ownership and does not contain forward-looking statements or guidance from Nasdaq Inc.

Industry Context

StockSavvy.ai notes that Vanguard's increased stake in Nasdaq, a leading operator of stock exchanges and technology solutions for the capital markets industry, underscores the ongoing importance of exchange operators in the global financial ecosystem. This filing reflects a significant institutional commitment to a key player in market infrastructure.

Stakeholder Impact

• Shareholders: The filing provides transparency regarding a significant institutional investor's holdings, which can influence market perception and trading activity.
• Nasdaq Inc.: The increased or maintained stake by a large asset manager like Vanguard can be seen as a signal of confidence in the company's strategy and market position.

Key Dates

Keywords

Nasdaq, Vanguard, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, Securities Filing, Vanguard Capital Management