Nasdaq, Inc. bonds NDAQ
Who owns Nasdaq, Inc.'s debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. NDAQ stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 63111XAH4 | 5.35% fixed | 2028-06-28 | USD | 101.20 | 4.68% | 48 bp | 20 | $51.4M | Jul 2026 |
| U6S91CAB3 | 1.75% fixed | 2029-03-28 | EUR | 95.79 | 3.43% | — | 3 | $10.8M | Jul 2026 |
| ACI1K0LN7 | 0.875% fixed | 2030-02-13 | EUR | 91.10 | 3.60% | — | 9 | $50.1M | Jul 2026 |
| 63111XAD3 | 1.65% fixed | 2031-01-15 | USD | 86.97 | 4.94% | 63 bp | 9 | $6.2M | Jul 2026 |
| 63111XAM3 | 4.5% fixed | 2032-02-15 | EUR | 103.66 | 3.75% | — | 2 | $26.3M | Jul 2026 |
| BQ7215842 | 0.9% fixed | 2033-07-30 | EUR | 81.92 | 3.90% | — | 5 | $8.4M | Jul 2026 |
| 63111XAJ0 | 5.55% fixed | 2034-02-15 | USD | 101.13 | 5.37% | 88 bp | 22 | $49.0M | Jul 2026 |
| 63111XAE1 | 2.5% fixed | 2040-12-21 | USD | 67.98 | 5.81% | 99 bp | 4 | $5.3M | Jul 2026 |
| 63111XAB7 | 3.25% fixed | 2050-04-28 | USD | 64.12 | 6.14% | 103 bp | 5 | $2.3M | Jul 2026 |
| 631103AM0 | 3.95% fixed | 2052-03-07 | USD | 71.23 | 6.21% | 110 bp | 6 | $1.4M | Jul 2026 |
| 63111XAK7 | 5.95% fixed | 2053-08-15 | USD | 96.42 | 6.22% | 112 bp | 13 | $32.1M | Jul 2026 |
| 63111XAL5 | 6.1% fixed | 2063-06-28 | USD | 97.04 | 6.31% | 121 bp | 9 | $8.4M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 12 | $251.6M | 93.45 | 5.81% | 99 bp | 22 |
| Jun 2026 | 11 | $242.0M | 91.83 | 5.53% | 77 bp | 46 |
| May 2026 | 9 | $236.9M | 99.98 | 5.46% | 72 bp | 32 |
| Apr 2026 | 13 | $252.8M | 95.77 | 5.52% | 93 bp | 23 |
| Mar 2026 | 13 | $250.2M | 99.96 | 5.56% | 101 bp | 48 |
| Feb 2026 | 9 | $241.1M | 99.98 | 5.26% | 86 bp | 35 |
| Jan 2026 | 13 | $271.2M | 96.93 | 5.38% | 80 bp | 25 |
| Dec 2025 | 11 | $255.3M | 99.96 | 5.33% | 80 bp | 45 |
| Nov 2025 | 9 | $243.1M | 99.90 | 5.22% | 82 bp | 33 |
| Oct 2025 | 13 | $279.6M | 96.80 | 5.25% | 90 bp | 25 |
| Sep 2025 | 11 | $323.3M | 99.87 | 5.31% | 84 bp | 52 |
| Aug 2025 | 9 | $250.3M | 99.77 | 5.46% | 88 bp | 32 |
| Jul 2025 | 13 | $320.7M | 95.99 | 5.54% | 86 bp | 26 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 37 added, 37 cut, 5 new holders and 14 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $71.6M | $63.7M | $0 |
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $72.6M | $62.1M | $425K |
| VANGUARD TOTAL INTERNATIONAL BOND II INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $36.0M | $39.4M | $5.0M |
| THE HARTFORD BALANCED INCOME FUND HARTFORD MUTUAL FUNDS, INC | 2026-07-31 | $36.8M | $33.9M | $0 |
| VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND VANGUARD CHARLOTTE FUNDS | 2026-07-31 | $29.0M | $31.8M | $0 |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $30.3M | $30.6M | $0 |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $27.5M | $28.4M | -$4.7M |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $26.8M | $27.1M | $0 |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $29.6M | $26.5M | -$615K |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $20.5M | $21.1M | $728K |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $17.4M | $17.2M | $5.3M |
| Fidelity U.S. Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $16.0M | $15.8M | $0 |
| DFA Short-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $11.4M | $12.0M | $0 |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $11.6M | $12.0M | $0 |
| JPMorgan Ultra-Short Income ETF J.P. Morgan Exchange-Traded Fund Trust | 2026-05-31 | $11.8M | $11.8M | $0 |
| VANGUARD LONG-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $13.6M | $11.6M | $218K |
| iShares Broad USD Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $12.5M | $11.3M | -$670K |
| First Trust Limited Duration Investment Grade Corporate ETF First Trust Exchange-Traded Fund IV | 2026-07-31 | $9.5M | $9.6M | $0 |
| Fidelity Series Bond Index Fund Fidelity Salem Street Trust | 2026-05-31 | $9.6M | $9.3M | $0 |
| iShares 1-5 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $9.0M | $8.7M | -$215K |
| VANGUARD CORE BOND FUND VANGUARD MALVERN FUNDS | 2026-06-30 | $9.7M | $8.1M | $0 |
| iShares 5-10 Year Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $7.7M | $8.0M | $75K |
| JPMorgan Core Bond Fund JPMorgan Trust II | 2026-05-31 | $7.7M | $8.0M | $0 |
| Bramshill Income Performance Fund Advisor Managed Portfolios | 2026-06-30 | $11.2M | $7.6M | $0 |
| Strategic Advisers Fidelity Core Income Fund Fidelity Rutland Square Trust II | 2026-05-31 | $7.1M | $7.3M | $0 |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Thornburg Strategic Income Fund ($8.8M), iShares iBonds Dec 2026 Term Corporate ETF ($5.5M), Avantis Short-Term Fixed Income ETF ($2.4M), PIMCO Investment Grade Corporate Bond Index Exchange-Traded Fund ($964K), PIMCO Long-Term Credit Bond Fund ($800K), THRIVENT MODERATE ALLOCATION PORTFOLIO ($750K), Muzinich Dynamic Income Fund ($500K), iShares iBonds 2026 Term High Yield and Income ETF ($405K), Opportunistic Fixed Income Fund ($235K), Core Bond Fund ($200K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 8 | $72.6M | $62.1M | 0.02% |
| BNDX VANGUARD TOTAL INTERNATIONAL BOND INDEX FUND | 2026-07-31 | 4 | $29.0M | $31.8M | 0.03% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 1 | $27.5M | $28.4M | 0.04% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 8 | $29.6M | $26.5M | 0.02% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $20.5M | $21.1M | 0.07% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 2 | $17.4M | $17.2M | 0.03% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 1 | $11.6M | $12.0M | 0.02% |
| JPST JPMorgan Ultra-Short Income ETF | 2026-05-31 | 1 | $11.8M | $11.8M | 0.03% |
| VCLT VANGUARD LONG-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 4 | $13.6M | $11.6M | 0.13% |
| USIG iShares Broad USD Investment Grade Corporate Bond ETF | 2026-05-31 | 8 | $12.5M | $11.3M | 0.07% |
| FSIG First Trust Limited Duration Investment Grade Corporate ETF | 2026-07-31 | 1 | $9.5M | $9.6M | 0.64% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $9.0M | $8.7M | 0.04% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 1 | $7.7M | $8.0M | 0.04% |
| BSCQ Invesco BulletShares 2026 Corporate Bond ETF | 2026-05-31 | 1 | $7.2M | $7.2M | 0.19% |
| IUSB iShares Core Universal USD Bond ETF | 2026-07-31 | 8 | $7.6M | $6.7M | 0.02% |
Default risk, three ways
Stock market: distance-to-default
Not computed: financial company (banks, insurers, BDCs and REITs carry leverage as their business, which the model misreads).
Bond market: priced-in odds
A 99 bp spread prices in about 1.7% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Not available.
The stock side: 13F filings
What institutions report holding in NDAQ's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 151 | $516.1M | 0 | — | 0 | — | 0 |
| 2026-06-30 | 1,077 | $36.40B | 15 | $113.6M | 14 | $79.0M | 1 |
| 2026-03-31 | 1,083 | $32.94B | 21 | $64.7M | 21 | $155.4M | 0 |
| 2025-12-31 | 1,089 | $45.15B | 23 | $61.5M | 17 | $153.3M | 0 |
| 2025-09-30 | 1,037 | $41.39B | 24 | $97.2M | 21 | $167.9M | 0 |
| 2025-06-30 | 1,014 | $41.68B | 24 | $70.6M | 22 | $112.0M | 0 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.