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Nelnet Inc

NNI
Exchange
NYSE
Industry
Personal Credit Institutions
SEC CIK
0001258602

No open-market purchases or sales by Nelnet Inc insiders were filed in the last 90 days; 214 institutions reported holding it in 13F filings for Q2 2026, worth $1.57B in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Nelnet Inc as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
220
+18 vs. Q3 2025
Shares held
11.6M
−267.1K (−2.2%) vs. Q3 2025
Total value
$1.55B
+$54.6M (+3.7%) vs. Q3 2025
New holders
38
65 more added
Sold out
20
73 more reduced

2 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting NNI on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 220 institutions
Q1 2021: 135 institutionsQ2 2021: 136 institutionsQ3 2021: 134 institutionsQ4 2021: 142 institutionsQ1 2022: 150 institutionsQ2 2022: 146 institutionsQ3 2022: 150 institutionsQ4 2022: 164 institutionsQ1 2023: 151 institutionsQ2 2023: 145 institutionsQ3 2023: 146 institutionsQ4 2023: 157 institutionsQ1 2024: 153 institutionsQ2 2024: 159 institutionsQ3 2024: 159 institutionsQ4 2024: 165 institutionsQ1 2025: 179 institutionsQ2 2025: 192 institutionsQ3 2025: 204 institutionsQ4 2025: 220 institutionsQ1 2026: 219 institutionsQ2 2026: 214 institutions
Value heldQ4 2025: $1.55B
Q1 2021: $983.3MQ2 2021: $1.01BQ3 2021: $1.08BQ4 2021: $1.31BQ1 2022: $1.11BQ2 2022: $1.09BQ3 2022: $992.2MQ4 2022: $1.13BQ1 2023: $1.15BQ2 2023: $1.21BQ3 2023: $1.11BQ4 2023: $1.09BQ1 2024: $1.14BQ2 2024: $1.18BQ3 2024: $1.34BQ4 2024: $1.28BQ1 2025: $1.34BQ2 2025: $1.45BQ3 2025: $1.49BQ4 2025: $1.55BQ1 2026: $1.50BQ2 2026: $1.57B
Institutions holding NNI and their total value by quarter
QuarterHoldersValue
Q2 2026214$1.57B
Q1 2026219$1.50B
Q4 2025220$1.55B
Q3 2025204$1.49B
Q2 2025192$1.45B
Q1 2025179$1.34B
Q4 2024165$1.28B
Q3 2024159$1.34B
Q2 2024159$1.18B
Q1 2024153$1.14B
Q4 2023157$1.09B
Q3 2023146$1.11B
Q2 2023145$1.21B
Q1 2023151$1.15B
Q4 2022164$1.13B
Q3 2022150$992.2M
Q2 2022146$1.09B
Q1 2022150$1.11B
Q4 2021142$1.31B
Q3 2021134$1.08B
Q2 2021136$1.01B
Q1 2021135$983.3M

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Nelnet Inc; share changes are against Q3 2025.

Institutions holding NNI in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Dimensional Fund Advisors LP1,848,962$245.8M0.05%−37,739−2.0%Reduced
Magnolia Group, LLC1,668,976$221.9M36.59%00.0%Unchanged
Vanguard Group Inc1,317,538$175.2M0.00%−228,503−14.8%Reduced
Farmers & Merchants Investments Inc1,184,351$157.5M4.35%+1,009+0.1%Added
BlackRock, Inc.925,076$123.0M0.00%−74,598−7.5%Reduced
Geode Capital Management, LLC314,823$41.9M0.00%−22,592−6.7%Reduced
State Street Corp298,264$39.7M0.00%−25,395−7.8%Reduced
American Century Companies Inc264,275$35.1M0.02%+79,959+43.4%Added
General American Investors Co Inc243,415$32.4M2.01%00.0%Unchanged
Empyrean Capital Partners, LP231,000$30.7M1.07%00.0%Unchanged
QVT Financial LP229,665$30.5M2.90%00.0%Unchanged
Bragg Financial Advisors, Inc212,618$28.3M0.92%+6,620+3.2%Added
JPMorgan Chase & Co181,523$24.1M0.00%−3,506−1.9%Reduced
Northern Trust Corp160,788$21.4M0.00%−21,971−12.0%Reduced
Charles Schwab Investment Management Inc154,775$20.6M0.00%−12,723−7.6%Reduced
Sycale Advisors (NY) LLC152,441$20.3M7.02%+5,080+3.4%Added
UBS Group AG132,408$17.6M0.00%−59,418−31.0%Reduced
Charter Trust Co110,223$14.7M0.85%−371−0.3%Reduced
Bandera Partners LLC102,389$13.6M6.12%00.0%Unchanged
Qube Research & Technologies Ltd76,814$10.2M0.01%−23,103−23.1%Reduced
Bank of New York Mellon Corp75,169$9.99M0.00%−15,404−17.0%Reduced
Jane Street Group, LLC69,711$9.27M0.01%+37,300+115.1%Added
Morgan Stanley66,795$8.88M0.00%−10,637−13.7%Reduced
Lawson Kroeker Investment Management Inc66,142$8.79M2.62%−34,776−34.5%Reduced
D. E. Shaw & Co., Inc.66,004$8.78M0.01%+2,439+3.8%Added
Guardian Wealth Management, Inc.49,228$6.55M3.84%−268−0.5%Reduced
Philadelphia Financial Management of San Francisco, LLC46,910$6.24M1.29%+46,910New
Crawford Fund Management, LLC46,090$6.13M1.96%+11,307+32.5%Added
Goldman Sachs Group Inc45,190$6.01M0.00%−8,621−16.0%Reduced
Denali Advisors LLC44,600$5.93M0.66%+5,600+14.4%Added
Brandywine Global Investment Management, LLC38,854$5.17M0.03%−1,100−2.8%Reduced
HighTower Advisors, LLC34,855$4.63M0.01%−1,834−5.0%Reduced
Edgestream Partners, L.P.34,290$4.56M0.13%+23,850+228.4%Added
LPL Financial LLC32,625$4.34M0.00%+606+1.9%Added
HRT Financial LP31,992$4.25M0.01%+18,586+138.6%Added
Citadel Advisors LLC30,987$4.12M0.00%−19,006−38.0%Reduced
Renaissance Technologies LLC30,200$4.02M0.01%+17,300+134.1%Added
Swiss National Bank27,700$3.68M0.00%+300+1.1%Added
Marshall Wace, LLP27,471$3.65M0.00%−23,192−45.8%Reduced
UBS Asset Management Americas Inc27,057$3.60M0.00%−361−1.3%Reduced
Nuveen, LLC25,993$3.46M0.00%−2,129−7.6%Reduced
Two Sigma Investments, LP25,575$3.40M0.01%+18,275+250.3%Added
Millennium Management LLC25,252$3.36M0.00%−2,740−9.8%Reduced
AQR Capital Management LLC24,449$3.25M0.00%+4,271+21.2%Added
Susquehanna International Group, LLP24,190$3.22M0.00%+9,801+68.1%Added
D.A. Davidson & Co.24,059$3.20M0.02%+961+4.2%Added
Algert Global LLC23,434$3.12M0.05%00.0%Unchanged
Tudor Investment Corp Et Al23,209$3.09M0.02%+8,642+59.3%Added
Rhumbline Advisers22,865$3.04M0.00%−4,768−17.3%Reduced
First Manhattan Co21,763$2.89M0.01%+21,763New
Y-Intercept (Hong Kong) Ltd21,647$2.88M0.06%+21,647New
James Investment Research Inc20,758$2.76M0.30%00.0%Unchanged
Martingale Asset Management L P19,613$2.61M0.07%−5,123−20.7%Reduced
Invesco Ltd.19,539$2.60M0.00%−4,516−18.8%Reduced
Barclays PLC17,611$2.34M0.00%−967−5.2%Reduced
Prescott Group Capital Management, L.L.C.17,203$2.29M0.21%00.0%Unchanged
First Trust Advisors LP17,182$2.28M0.00%+7,284+73.6%Added
New York State Common Retirement Fund15,509$2.06M0.00%+1,100+7.6%Added
Captrust Financial Advisors15,421$2.05M0.00%−915−5.6%Reduced
Alliancebernstein L.P.15,189$2.02M0.00%−3,969−20.7%Reduced
Connor, Clark & Lunn Investment Management Ltd.15,039$2.00M0.01%−7,023−31.8%Reduced
Susquehanna Fundamental Investments, LLC14,375$1.91M0.07%+11,584+415.0%Added
Legal & General Group Plc14,105$1.88M0.00%−170−1.2%Reduced
Anchor Capital Advisors LLC14,041$1.87M0.05%+1,004+7.7%Added
California State Teachers Retirement System13,250$1.76M0.00%+257+2.0%Added
Wells Fargo & Company13,188$1.75M0.00%+2,654+25.2%Added
Creative Planning13,145$1.75M0.00%+2,318+21.4%Added
SEI Investments Co13,004$1.73M0.00%−210−1.6%Reduced
Quest Partners LLC12,970$1.72M0.10%+12,574+3,175.3%Added
Pilgrim Partners Asia Pte Ltd12,000$1.60M0.77%00.0%Unchanged
SG Americas Securities, LLC11,992$1.59M0.00%+11,992New
Bank of America Corp11,911$1.58M0.00%−10,814−47.6%Reduced
Point72 Asset Management, L.P.11,810$1.57M0.00%+11,810New
Lazard Asset Management LLC11,027$1.47M0.00%+11,027New
Fieldview Capital Management, LLC10,523$1.40M0.24%+10,523New
Price T Rowe Associates Inc9,624$1.28M0.00%−1,857−16.2%Reduced
Militia Capital Partners, LP9,000$1.20M0.45%+9,000New
Victory Capital Management Inc8,929$1.19M0.00%+7,062+378.3%Added
Wedge Capital Management L L P8,742$1.16M0.02%+81+0.9%Added
Deutsche Bank AG8,423$1.12M0.00%−2,589−23.5%Reduced
Mirae Asset Global ETFs Holdings Ltd.7,861$1.05M0.00%−1,057−11.9%Reduced
NorthCrest Asset Manangement, LLC7,492$992.1K0.02%+49+0.7%Added
Intech Investment Management LLC7,312$972.2K0.01%−861−10.5%Reduced
Manufacturers Life Insurance Company, The7,135$948.7K0.00%−721−9.2%Reduced
QRG Capital Management, Inc.7,074$940.6K0.01%+497+7.6%Added
Teacher Retirement System of Texas6,940$922.7K0.00%−653−8.6%Reduced
Asset Value Investors Ltd6,370$847.0K0.72%−1,910−23.1%Reduced
KLP Kapitalforvaltning AS6,200$824.4K0.00%+200+3.3%Added
MetLife Investment Management6,185$822.4K0.00%−1,286−17.2%Reduced
Janus Henderson Group PLC6,007$798.4K0.00%00.0%Unchanged
Integrated Quantitative Investments LLC5,658$752.3K0.16%+4,011+243.5%Added
Citigroup Inc5,457$725.6K0.00%−25−0.5%Reduced
Balyasny Asset Management LLC5,411$719.4K0.00%−2,867−34.6%Reduced
Handelsbanken Fonder AB5,151$685.0K0.00%+800+18.4%Added
Acadian Asset Management LLC5,158$684.0K0.00%+704+15.8%Added
Gsa Capital Partners LLP4,834$643.0K0.06%+4,834New
Gillespie Robinson & Grimm Inc4,804$638.7K0.04%00.0%Unchanged
Susquehanna Portfolio Strategies, LLC4,684$622.8K0.01%00.0%Unchanged
RMR Capital Management, LLC4,613$613.3K0.44%−150−3.1%Reduced
State of Wisconsin Investment Board4,506$599.1K0.00%−388−7.9%Reduced