Orgel Wealth Management 13F: New $230K Stake in Nasdaq (NDAQ)

Orgel Wealth Management opened a new stake in Nasdaq, Inc. NDAQ, buying 2,505 shares valued at about $230,486. The move came to light in a Form 13F filing with the U.S. Securities and Exchange Commission on October 14, 2026. Because 13F filings look backward at portfolio snapshots from the close of a previous quarter, this report may not reflect the firm's current holdings today.

What Changed in Orgel Wealth Management's Nasdaq, Inc. Position

Before this filing, Orgel Wealth Management did not hold any shares of the financial exchange operator. The firm initiated a brand-new holding of 2,505 shares, worth $230,486 at the time of the reporting period.

Other Institutional Activity in Nasdaq, Inc.

Other large funds made substantial portfolio adjustments around the same time. Investor AB grew its holdings by 58,381 shares, ending with 58,439,208 shares worth about $5,491,532,447. Blackrock Inc. reduced its stake by 977,184 shares, leaving it with 37,194,072 shares valued at approximately $3,495,126,991. Vanguard Capital Management LLC trimmed its position by 12,495 shares to hold 31,225,614 shares worth about $2,934,270,985. Wellington Management Group, LLP made a larger cut, dropping 5,946,013 shares to finish with 30,332,286 shares valued at roughly $2,850,324,952. Vanguard Portfolio Management LLC lowered its holdings by 13,052 shares, retaining 26,091,520 shares worth about $2,451,820,166.

Nasdaq, Inc. Stock Up 0.5%

Nasdaq, Inc. shares recently traded around $93.95 as of October 16, 2026. That price sits below the 50-day moving average of $94.65, yet remains above the 200-day moving average of $90.49. The stock has moved between a 52-week low of $76.55 and a 52-week high of $101.79.

Recent Earnings

Nasdaq, Inc. generated trailing twelve-month revenue of $5.61 billion and earnings of $3.43 per share. The company reported a net margin of 35.0% and a return on equity of 16.5%. The next earnings update is scheduled for October 22, 2026.

Dividend

Nasdaq, Inc. pays an annual dividend rate of $1.16 per share, giving it a dividend yield of 1.24%. The payout ratio sits at 32.7% of earnings.

Insider Buying and Selling at Nasdaq, Inc.

Company insiders executed several stock sales leading up to the filing. P C Nelson Griggs sold 3,226 shares on August 10, 2026, at an average price of $96.16 for a total value of $310,212. Jeremy Skule sold 1,125 shares on September 10, 2026, at $94.22 per share, totaling $105,998. Skule sold another 1,125 shares on September 22, 2026, at $95.00 each, worth $106,875. Later, on October 12, 2026, Skule sold 1,125 shares at $94.13 apiece for a total of $105,896.25 under a planned trading arrangement.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On October 2, 2026, Piper Sandler maintained its Overweight rating with a target of $108, up from $104. On the same day, Wells Fargo initiated coverage with an Equal-Weight rating and a $100 price target. Barclays maintained an Overweight rating on October 7, 2026, adjusting its target from $111 to $109. Morgan Stanley maintained an Overweight rating on October 9, 2026, moving its target from $120 to $118. TD Cowen maintained a Buy rating on October 12, 2026, lowering its target from $108 to $107. Overall, the stock carries a consensus buy rating and a mean price target of $108.75 across 16 analyst opinions.

About Nasdaq, Inc.

Nasdaq, Inc. operates electronic financial exchanges and provides technology for capital markets globally. It handles trading, clearing, and market data across multiple asset classes. Institutional filings like Orgel Wealth's new position offer a window into how professional managers allocate capital across exchange operators.

Bottom Line

Investors tracking Orgel Wealth Management's position should remember that 13F reports reflect past holdings. Watch for the upcoming earnings report on October 22, 2026, for fresh financial details. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.