Who owns Nelnet (NNI)
Which tracked institutional funds hold NNI, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See NNI company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-09-22). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
54 tracked funds added or opened NNI while 33 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
NNI’s largest tracked holder by dollar value, DIMENSIONAL FUND ADVISORS LP, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in NNI divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 200 tracked filers holding NNI, 113 increased or opened the position and 96 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in NNI between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
New buyers 5
- CAPITAL FUND MANAGEMENT S.A.$3M
- ALLSTATE CORP$2M
- BOKF, NA$1M
- Jupiter Topco LLC$801K
- Corient Private Wealth LP$687K
Full exits 15
- HighTower Advisors, LLC$4M
- Man Group plc$2M
- MILLENNIUM MANAGEMENT LLC$2M
- Militia Capital Management LLC$1M
- Aquatic Capital Management LLC$961K
- Asset Value Investors Ltd$821K
Largest adds
- BlackRock, Inc.$29M
- AMERICAN CENTURY COMPANIES INC$13M
- VICTORY CAPITAL MANAGEMENT INC$9M
- DIMENSIONAL FUND ADVISORS LP$9M
- STATE STREET CORP$8M
- GEODE CAPITAL MANAGEMENT, LLC$7M
Largest trims
- MAGNOLIA GROUP, LLC$46M
- JANE STREET GROUP, LLC$8M
- Qube Research & Technologies Ltd$4M
- RENAISSANCE TECHNOLOGIES LLC$2M
- Sycale Advisors (NY) LLC$2M
- BARCLAYS PLC$1M
Institutional holders
One row per tracked fund, most shares held first (every row is from one quarter; reported value breaks ties). “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding.
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| DIMENSIONAL FUND ADVISORS LP added | 1,852,273 | $247M | 15.9% | 2026-Q2 |
| MAGNOLIA GROUP, LLC trimmed | 1,269,723 | $169M | 10.9% | 2026-Q2 |
| FARMERS & MERCHANTS INVESTMENTS INC trimmed | 1,179,351 | $157M | 10.1% | 2026-Q2 |
| BlackRock, Inc. added | 1,162,288 | $155M | 10.0% | 2026-Q2 |
| VANGUARD PORTFOLIO MANAGEMENT LLC added | 695,621 | $93M | 6.0% | 2026-Q2 |
| VANGUARD CAPITAL MANAGEMENT LLC added | 584,970 | $78M | 5.0% | 2026-Q2 |
| AMERICAN CENTURY COMPANIES INC added | 420,692 | $56M | 3.6% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC added | 389,595 | $52M | 3.3% | 2026-Q2 |
| STATE STREET CORP added | 365,440 | $49M | 3.1% | 2026-Q2 |
| Bragg Financial Advisors, Inc added | 248,493 | $33M | 2.1% | 2026-Q2 |
| QVT Financial LP | 231,414 | $31M | 2.0% | 2026-Q2 |
| Empyrean Capital Partners, LP | 231,000 | $31M | 2.0% | 2026-Q2 |
| GENERAL AMERICAN INVESTORS CO INC trimmed | 230,998 | $31M | 2.0% | 2026-Q2 |
| NORTHERN TRUST CORP added | 189,609 | $25M | 1.6% | 2026-Q2 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC added | 167,793 | $22M | 1.4% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 152,759 | $20M | 1.3% | 2026-Q2 |
| BAR HARBOR WEALTH MANAGEMENT trimmed | 108,589 | $14M | 0.9% | 2026-Q2 |
| MORGAN STANLEY added | 94,412 | $13M | 0.8% | 2026-Q2 |
| VANGUARD FIDUCIARY TRUST CO added | 91,686 | $12M | 0.8% | 2026-Q2 |
| Bank of New York Mellon Corp added | 88,973 | $12M | 0.8% | 2026-Q2 |
| Sycale Advisors (NY) LLC trimmed | 83,053 | $11M | 0.7% | 2026-Q2 |
| UBS Group AG trimmed | 78,707 | $10M | 0.7% | 2026-Q2 |
| VICTORY CAPITAL MANAGEMENT INC added | 74,729 | $10M | 0.6% | 2026-Q2 |
| Qube Research & Technologies Ltd trimmed | 72,614 | $10M | 0.6% | 2026-Q2 |
| AQR CAPITAL MANAGEMENT LLC added | 70,127 | $9M | 0.6% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 68,715 | $9M | 0.6% | 2026-Q2 |
| LAWSON KROEKER INVESTMENT MANAGEMENT INC/NE trimmed | 66,047 | $9M | 0.6% | 2026-Q2 |
| MARSHALL WACE, LLP added | 63,196 | $8M | 0.5% | 2026-Q2 |
| CITADEL ADVISORS LLC added | 57,086 | $8M | 0.5% | 2026-Q2 |
| Guardian Wealth Management, Inc. added | 53,433 | $7M | 0.5% | 2026-Q2 |
| Bandera Partners LLC | 47,159 | $6M | 0.4% | 2026-Q2 |
| BANK OF AMERICA CORP /DE/ added | 44,482 | $6M | 0.4% | 2026-Q2 |
| Crawford Fund Management, LLC trimmed | 44,455 | $6M | 0.4% | 2026-Q2 |
| DENALI ADVISORS LLC trimmed | 39,800 | $5M | 0.3% | 2026-Q2 |
| FRANKLIN RESOURCES INC added | 39,462 | $5M | 0.3% | 2026-Q2 |
| Edgestream Partners, L.P. trimmed | 38,472 | $5M | 0.3% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 36,081 | $5M | 0.3% | 2026-Q2 |
| LPL Financial LLC trimmed | 35,789 | $5M | 0.3% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC added | 35,200 | $5M | 0.3% | 2026-Q2 |
| Nuveen, LLC added | 32,203 | $4M | 0.3% | 2026-Q2 |
| FIRST TRUST ADVISORS LP added | 28,040 | $4M | 0.2% | 2026-Q2 |
| Swiss National Bank added | 28,000 | $4M | 0.2% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 28,000 | $4M | 0.2% | 2026-Q2 |
| DARK FOREST CAPITAL MANAGEMENT LP added | 27,044 | $4M | 0.2% | 2026-Q2 |
| RHUMBLINE ADVISERS added | 26,898 | $4M | 0.2% | 2026-Q2 |
| MERCER GLOBAL ADVISORS INC /ADV added | 25,999 | $3M | 0.2% | 2026-Q2 |
| Invesco Ltd. added | 24,957 | $3M | 0.2% | 2026-Q2 |
| D.A. DAVIDSON & CO. added | 24,561 | $3M | 0.2% | 2026-Q2 |
| CAPITAL FUND MANAGEMENT S.A. new | 23,582 | $3M | 0.2% | 2026-Q2 |
| HUB Investment Partners, LLC added | 20,836 | $3M | 0.2% | 2026-Q2 |
| ALLIANCEBERNSTEIN L.P. added | 19,937 | $3M | 0.2% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 19,926 | $3M | 0.2% | 2026-Q2 |
| Mariner, LLC added | 19,652 | $3M | 0.2% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 19,220 | $3M | 0.2% | 2026-Q2 |
| PRICE T ROWE ASSOCIATES INC /MD/ added | 17,698 | $2M | 0.2% | 2026-Q2 |
| Prescott Group Capital Management, L.L.C. | 17,203 | $2M | 0.1% | 2026-Q2 |
| FIRST MANHATTAN CO. LLC. trimmed | 16,821 | $2M | 0.1% | 2026-Q2 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM added | 16,751 | $2M | 0.1% | 2026-Q2 |
| DEUTSCHE BANK AG\ added | 15,639 | $2M | 0.1% | 2026-Q2 |
| MARTINGALE ASSET MANAGEMENT L P trimmed | 15,414 | $2M | 0.1% | 2026-Q2 |
| SEI INVESTMENTS CO added | 14,923 | $2M | 0.1% | 2026-Q2 |
| CITIGROUP INC added | 14,867 | $2M | 0.1% | 2026-Q2 |
| NEW YORK STATE COMMON RETIREMENT FUND added | 14,709 | $2M | 0.1% | 2026-Q2 |
| CAPTRUST FINANCIAL ADVISORS trimmed | 14,560 | $2M | 0.1% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN added | 14,033 | $2M | 0.1% | 2026-Q2 |
| Pilgrim Partners Asia Pte Ltd added | 14,000 | $2M | 0.1% | 2026-Q2 |
| JAMES INVESTMENT RESEARCH, INC. trimmed | 13,857 | $2M | 0.1% | 2026-Q2 |
| ALLSTATE CORP new | 13,821 | $2M | 0.1% | 2026-Q2 |
| ANCHOR CAPITAL ADVISORS LLC trimmed | 13,282 | $2M | 0.1% | 2026-Q2 |
| Legal & General Group Plc added | 13,192 | $2M | 0.1% | 2026-Q2 |
| Creative Planning trimmed | 12,914 | $2M | 0.1% | 2026-Q2 |
| XTX Topco Ltd added | 12,383 | $2M | 0.1% | 2026-Q2 |
| VANGUARD ASSET MANAGEMENT, Ltd | 11,728 | $2M | 0.1% | 2026-Q2 |
| Quantinno Capital Management LP added | 11,555 | $2M | 0.1% | 2026-Q2 |
| D. E. Shaw & Co., Inc. trimmed | 11,109 | $1M | 0.1% | 2026-Q2 |
| Russell Investments Group, Ltd. added | 10,657 | $1M | 0.1% | 2026-Q2 |
| BOKF, NA new | 10,000 | $1M | 0.1% | 2026-Q2 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. added | 9,041 | $1M | 0.1% | 2026-Q2 |
| Fieldview Capital Management, LLC trimmed | 8,877 | $1M | 0.1% | 2026-Q2 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE added | 8,874 | $1M | 0.1% | 2026-Q2 |
| WEDGE CAPITAL MANAGEMENT L L P/NC trimmed | 8,861 | $1M | 0.1% | 2026-Q2 |
| MetLife Investment Management, LLC added | 8,711 | $1M | 0.1% | 2026-Q2 |
| NorthCrest Asset Manangement, LLC added | 7,635 | $1M | 0.1% | 2026-Q2 |
| ExodusPoint Capital Management, LP trimmed | 7,538 | $1M | 0.1% | 2026-Q2 |
| JANE STREET GROUP, LLC trimmed | 7,089 | $945K | 0.1% | 2026-Q2 |
| Engineers Gate Manager LP added | 6,648 | $886K | 0.1% | 2026-Q2 |
| Zurcher Kantonalbank (Zurich Cantonalbank) added | 6,433 | $858K | 0.1% | 2026-Q2 |
| Jupiter Topco LLC new | 6,007 | $801K | 0.1% | 2026-Q2 |
| QRG CAPITAL MANAGEMENT, INC. added | 5,429 | $724K | 0.0% | 2026-Q2 |
| Corient Private Wealth LP new | 5,155 | $687K | 0.0% | 2026-Q2 |
| Vanguard Global Advisers, LLC trimmed | 5,131 | $684K | 0.0% | 2026-Q2 |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC trimmed | 5,093 | $679K | 0.0% | 2026-Q2 |
| Inspire Investing, LLC added | 5,085 | $678K | 0.0% | 2026-Q2 |
| INTECH INVESTMENT MANAGEMENT LLC added | 4,681 | $624K | 0.0% | 2026-Q2 |
| AVITY INVESTMENT MANAGEMENT INC. | 4,604 | $614K | 0.0% | 2026-Q2 |
| Proficio Capital Partners LLC added | 4,552 | $607K | 0.0% | 2026-Q2 |
| Police & Firemen's Retirement System of New Jersey added | 4,411 | $588K | 0.0% | 2026-Q2 |
| RMR Capital Management, LLC trimmed | 4,223 | $563K | 0.0% | 2026-Q2 |
| STATE OF WISCONSIN INVESTMENT BOARD added | 3,891 | $519K | 0.0% | 2026-Q2 |
| ARIZONA STATE RETIREMENT SYSTEM added | 3,851 | $513K | 0.0% | 2026-Q2 |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.