NASDAQ INC

Ticker: NDAQ CUSIP: 631103108 Class: COM

Graham Capital Management, L.P.'s Holding History (CIK: 0001315421)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 24,735 Value ($000) $2,403 Avg Close $89.74 Range $84.51 - $99.59

Q3 2025

Shares 52,855 Value ($000) $4,675 Avg Close $92.14 Range $85.86 - $97.06

Q2 2025

Shares 12,516 Value ($000) $1,119 Avg Close $79.17 Range $64.26 - $89.12

Q1 2024

Shares 25,416 Value ($000) $1,604 Avg Close $56.40 Range $53.48 - $62.10

Q4 2023

Shares 76,139 Value ($000) $4,427 Avg Close $51.21 Range $45.48 - $56.86

Q3 2023

Shares 23,289 Value ($000) $1,132 Avg Close $48.99 Range $46.45 - $52.31

Q2 2023

Shares 20,370 Value ($000) $1,015 Avg Close $52.14 Range $47.29 - $55.82

Q1 2023

Shares 16,667 Value ($000) $911 Avg Close $55.41 Range $49.15 - $61.23

Q4 2022

Shares 36,362 Value ($000) $2,231 Avg Close $59.57 Range $52.22 - $66.33

Q3 2022

Shares 18,318 Value ($000) $1,038 Avg Close $56.05 Range $48.10 - $61.70

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	24,735	$2,403	$89.74	$84.51 - $99.59
Q3 2025	52,855	$4,675	$92.14	$85.86 - $97.06
Q2 2025	12,516	$1,119	$79.17	$64.26 - $89.12
Q1 2024	25,416	$1,604	$56.40	$53.48 - $62.10
Q4 2023	76,139	$4,427	$51.21	$45.48 - $56.86
Q3 2023	23,289	$1,132	$48.99	$46.45 - $52.31
Q2 2023	20,370	$1,015	$52.14	$47.29 - $55.82
Q1 2023	16,667	$911	$55.41	$49.15 - $61.23
Q4 2022	36,362	$2,231	$59.57	$52.22 - $66.33
Q3 2022	18,318	$1,038	$56.05	$48.10 - $61.70