Murray Stahl's NDAQ Position Overview
Murray Stahl (via Horizon Kinetics Asset Management LLC) currently holds 70,822 shares of Nasdaq, Inc. (NDAQ) worth $6.88 M, representing 0.09% of the portfolio. First purchased in 2013-Q2, this long-term strategic position has been held for 51 quarters.
Based on 13F filings since 2013, Murray Stahl has maintained a long-term strategic position in NDAQ, representing a significant commitment to this investment thesis. Largest addition occurred in Q2 2020, adding 51,663 shares. Largest reduction occurred in Q2 2025, reducing 33,847 shares.
Analysis based on 13F filings available since 2013 Q2
Murray Stahl's Nasdaq (NDAQ) Holding Value Over Time
Track share changes against reported price movement
Quarterly Nasdaq (NDAQ) Trades by Murray Stahl
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | +852 | Add 1.22% | 70,822 | $97.13 |
| Q3 2025 | +474 | Add 0.68% | 69,970 | $88.45 |
| Q2 2025 | -33,847 | Reduce 32.75% | 69,496 | $89.42 |
| Q1 2025 | +97 | Add 0.09% | 103,343 | $75.86 |
| Q4 2024 | +328 | Add 0.32% | 103,246 | $77.31 |
| Q3 2024 | -655 | Reduce 0.63% | 102,918 | $73.01 |
| Q2 2024 | -486 | Reduce 0.47% | 103,573 | $60.26 |
| Q1 2024 | -1,017 | Reduce 0.97% | 104,059 | $63.10 |
| Q4 2023 | -4,077 | Reduce 3.74% | 105,076 | $58.14 |
| Q3 2023 | -513 | Reduce 0.47% | 109,153 | $48.59 |
| Q2 2023 | +2,416 | Add 2.25% | 109,666 | $49.85 |
| Q1 2023 | -2,836 | Reduce 2.58% | 107,250 | $54.67 |
| Q4 2022 | -8,032 | Reduce 6.80% | 110,086 | $61.35 |
| Q3 2022 | -2,893 | Reduce 2.39% | 118,118 | $56.68 |
| Q2 2022 | -357 | Reduce 0.29% | 121,011 | $50.85 |
| Q1 2022 | +408 | Add 0.34% | 121,368 | $59.40 |
| Q4 2021 | +1,098 | Add 0.92% | 120,960 | $70.01 |
| Q3 2021 | -1,392 | Reduce 1.15% | 119,862 | $64.34 |
| Q2 2021 | +1,098 | Add 0.91% | 121,254 | $58.60 |
| Q1 2021 | +22,110 | Add 22.55% | 120,156 | $49.15 |
| Q4 2020 | -1,116 | Reduce 1.13% | 98,046 | $44.24 |
| Q3 2020 | +16,659 | Add 20.19% | 99,162 | $40.90 |
| Q2 2020 | +51,663 | Add 167.52% | 82,503 | $39.83 |
| Q1 2020 | -1,623 | Reduce 5.00% | 30,840 | $31.65 |
| Q4 2017 | -300 | Reduce 0.92% | 32,463 | $25.60 |
| Q4 2016 | -2,550 | Reduce 7.22% | 32,763 | $22.37 |
| Q1 2016 | -477 | Reduce 1.33% | 35,313 | $22.12 |
| Q3 2015 | -28,065 | Reduce 43.95% | 35,790 | $17.77 |
| Q2 2015 | -5,400 | Reduce 7.80% | 63,855 | $16.27 |
| Q3 2014 | -4,491 | Reduce 6.09% | 69,255 | $14.14 |
| Q2 2014 | -12,420 | Reduce 14.41% | 73,746 | $12.87 |
| Q1 2014 | -32,700 | Reduce 27.51% | 86,166 | $12.31 |
| Q4 2013 | +12,600 | Add 11.86% | 118,866 | $13.27 |
| Q3 2013 | -16,704 | Reduce 13.58% | 106,266 | $10.71 |
| Q2 2013 | +122,973 | Add 0.00% | 122,970 | $10.93 |
Murray Stahl's Nasdaq Investment FAQs
Murray Stahl first purchased Nasdaq, Inc. (NDAQ) in Q2 2013, acquiring 122,970 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Murray Stahl has held Nasdaq, Inc. (NDAQ) for 51 quarters since Q2 2013.
Murray Stahl's largest addition to Nasdaq, Inc. (NDAQ) was in Q2 2013, adding 122,970 shares worth $1.34 M.
According to the latest 13F filing for Q4 2025, Murray Stahl's firm, Horizon Kinetics Asset Management LLC, owns 70,822 shares of Nasdaq, Inc. (NDAQ), valued at approximately $6.88 M.
As of the Q4 2025 filing, Nasdaq, Inc. (NDAQ) represents approximately 0.09% of Murray Stahl's publicly disclosed stock portfolio, making it one of their key holdings.
Murray Stahl's peak holding in Nasdaq, Inc. (NDAQ) was 122,970 shares, as reported at the end of Q2 2013.