MFS Amends NASDAQ Stake: Institutional Ownership Update

Ticker: NDAQ · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, amendment, equity-holdings

Related Tickers: NDAQ

TL;DR

**MFS just updated its NASDAQ holdings, watch for market reaction.**

AI Summary

Massachusetts Financial Services Company (MFS) has filed an amendment to its Schedule 13G, indicating its ownership in NASDAQ, INC. as of December 29, 2023. This filing, Amendment No. 9, updates MFS's previously reported stake in NASDAQ's common stock. This matters to investors because MFS is a significant institutional investor, and changes in its reported holdings can signal its confidence (or lack thereof) in NASDAQ's future performance, potentially influencing other investors' decisions.

Why It Matters

This filing shows an institutional investor's updated position in NASDAQ, which can influence market perception and potentially stock price movements.

Risk Assessment

Risk Level: low — This is a routine amendment to an institutional ownership filing, indicating no immediate or significant risk.

Analyst Insight

Investors should note that a major institutional investor like MFS is maintaining or adjusting its position in NASDAQ. While this specific filing doesn't detail the exact change in share count, the fact that it's an amendment (No. 9) suggests ongoing active management of their stake. Smart investors might look for the full details of the share count in the complete filing to understand the magnitude of any change and consider it alongside NASDAQ's recent performance and future outlook.

Key Players & Entities

FAQ

What type of filing is this and what does it generally indicate?

This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It generally indicates that an institutional investor, like Massachusetts Financial Services Company, is updating its beneficial ownership of 5% or more of a company's stock, in this case, NASDAQ, INC.

Who is the reporting person in this filing?

The reporting person is Massachusetts Financial Services Company, identified as "MFS" with IRS Identification No. 04-2747644, and organized in Delaware.

What is the subject company whose shares are being reported?

The subject company is NASDAQ, INC., with CIK 0001120193 and CUSIP Number 631103108 for its Common Stock.

What was the date of the event that triggered this filing?

The date of the event which requires the filing of this statement was December 29, 2023.

Under which rule is this Schedule 13G/A filed?

This Schedule 13G/A is filed under Rule 13d-1(b) of the Securities Exchange Act of 1934, as indicated by the checked box [X].

From the Filing

0000912938-24-000218.txt : 20240209 0000912938-24-000218.hdr.sgml : 20240209 20240209114902 ACCESSION NUMBER: 0000912938-24-000218 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NASDAQ, INC. CENTRAL INDEX KEY: 0001120193 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES [6200] ORGANIZATION NAME: 02 Finance IRS NUMBER: 521165937 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-78034 FILM NUMBER: 24613251 BUSINESS ADDRESS: STREET 1: 151 W. 42ND STREET CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 1 212 401 8700 MAIL ADDRESS: STREET 1: 151 W. 42ND STREET CITY: NEW YORK STATE: NY ZIP: 10036 FORMER COMPANY: FORMER CONFORMED NAME: NASDAQ OMX GROUP, INC. DATE OF NAME CHANGE: 20080227 FORMER COMPANY: FORMER CONFORMED NAME: NASDAQ STOCK MARKET INC DATE OF NAME CHANGE: 20010423 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: MASSACHUSETTS FINANCIAL SERVICES CO /MA/ CENTRAL INDEX KEY: 0000912938 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 111 HUNTINGTON AVENUE STREET 2: 24TH FLOOR CITY: BOSTON STATE: MA ZIP: 02199 BUSINESS PHONE: 18006372929 MAIL ADDRESS: STREET 1: 111 HUNTINGTON AVENUE STREET 2: 24TH FLOOR CITY: BOSTON STATE: MA ZIP: 02199 SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 9 ) * NASDAQ, INC. (Name of Issuer) Common Stock (Title of Class of Securities) 631103108 (CUSIP Number) December 29, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 (the "Act") or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes.) CUSIP No. 631103108 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Massachusetts Financial Services Company ("MFS") 04-2747644 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] Not Applicable 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 23,297,107 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 24,199,441 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 24,199,441 shares of Common Stock consisting of shares beneficially owned by MFS and/or certain other non-reporting entities 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES Not Applicable 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.2% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer NASDAQ, INC. (b) Address of Issuer's Principal Executive Offices 151 W. 42nd Street, New York, NY 10036 Item 2. (a) Name of Person Filing Massachusetts Financial Services Company (b) Address of Principal Business Office or, if None, Residence 111 Huntington Avenue, Boston, MA 02199 (c) Citizenship Delaware (d) Title of Class of Securities Common Stock (e) CUSIP Number 631103108 Item 3. If This Statement is Filed

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