NELNET INC NNI
CL A · Common Stock · CUSIP 64031N108
Conglomerate centered on student loan repayment and education financial services
- SectorFinancials
- IndustryPersonal Credit Institutions
- HeadquartersLincoln, NE
- Websitenelnet.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($5.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $90.78. Options: 4 managers hold calls ($2.2m notional), 3 hold puts ($1.1m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 151 |
| Q4 2022 | 164 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $2.5m | $973.0k | 0.39 |
| Q4 2022 | $2.2m | $1.1m | 0.50 |
Biggest buyers
| VANGUARD GROUP INC | Added | +204.6k |
| BlackRock Inc. | Added | +56.0k |
| Boston Partners | Added | +28.3k |
| DIMENSIONAL FUND ADVISORS LP | Added | +20.0k |
| Legato Capital Management LLC | New | +16.8k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +12.5k |
| CITADEL ADVISORS LLC | New | +12.3k |
| OCCUDO QUANTITATIVE STRATEGIES LP | New | +8.5k |
| BANK OF AMERICA CORP /DE/ | Added | +7.9k |
| Cubist Systematic Strategies, LLC | Added | +6.7k |
Biggest sellers
| Sycale Advisors (NY) LLC | Reduced | -129.8k |
| NORGES BANK | Reduced | -120.4k |
| GOLDMAN SACHS GROUP INC | Reduced | -71.8k |
| Qube Research & Technologies Ltd | Reduced | -24.3k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -17.0k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -16.7k |
| JPMORGAN CHASE & CO | Reduced | -13.2k |
| VICTORY CAPITAL MANAGEMENT INC | Sold out | -13.1k |
| HRT FINANCIAL LP | Sold out | -11.4k |
| Allianz Asset Management GmbH | Sold out | -11.4k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $989.2k10.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $980.1k10.8k shares |
| PEAK6 Investments LLC | New | $226.9k2.5k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $871.2k9.6k shares |
| CITADEL ADVISORS LLC | New | $217.8k2.4k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| DUNLAP MICHAEL S 13D · may seek influence filed 2025-11-13 | 37.8% |
| Whitetail Rock Capital Management, LLC 13G · institution filed 2026-05-13 | 21.6% |
| MUHLEISEN ANGIE 13G · exempt (held before listing) filed 2025-11-13 | 18.1% |
| UNION BANK & TRUST CO / TRUSTEE 13G · exempt (held before listing) filed 2025-11-13 | 7.9% |
MAGNOLIA CAPITAL FUND, LP
13D · may seek influence
no change · filed 2026-06-05
Stated purposeThis Schedule 13D amendment is being jointly filed to report that, in partial satisfaction of certain withdrawal requests, effective May 13 and May 14, 2026, MCF distributed in-kind, to withdrawing limited partners 76,401 and 99,426 shares, respectively, of the Issuer's Common Stock. As a result of the distributions: (1) MCF is no longer deemed a beneficial owner of such distributed shares and, accordingly, the number of shares reported by MCF is decreased by 175,827 (with a corresponding decrease in the number of shares beneficially owned by TMG, as the general partner of MCF, and Adam Peterson, as the managing member of TMG). Although Reporting Persons have no specific plan or proposal to acquire additional Common Stock or dispose of the Common Stock, Reporting Persons at any time and… Full filing |
5.9% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales in Q4 2022
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 1 | $490.4k | — |
| Q1 2022 | 0 | — | 1 | $130.2k | — |
| Q2 2022 | 0 | — | 1 | $122.8k | — |
| Q3 2022 | 0 | — | 1 | $122.7k | — |
| Q4 2022 | 0 | — | 1 | $169.1k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2022-11-14 | Munn William J Secy/Chief Legal Off/Gen Coun | Sold | $47.7k500 shares |
| 2022-10-13 | Munn William J Secy/Chief Legal Off/Gen Coun | Sold | $121.3k1.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| DIMENSIONAL FUND ADVISORS LP 0.07% of their portfolio | 2.1m $192.0m | Added +20.0k |
| MAGNOLIA GROUP, LLC 23.52% of their portfolio | 1.9m $172.4m | Unchanged |
| FARMERS & MERCHANTS INVESTMENTS INC 5.11% of their portfolio | 1.4m $124.3m | Reduced -1.0k |
| VANGUARD GROUP INC 0.00% of their portfolio | 1.3m $118.6m | Added +204.6k |
| BlackRock Inc. 0.00% of their portfolio | 1.1m $98.1m | Added +56.0k |
| Empyrean Capital Partners, LP 1.61% of their portfolio | 480.1k $43.6m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 329.2k $29.9m | Reduced -1.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 297.6k $27.0m | Added +12.5k |
| SNYDER CAPITAL MANAGEMENT L P 0.59% of their portfolio | 288.3k $26.2m | Reduced -1.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 251.4k $22.8m | Reduced -4.7k |
| GENERAL AMERICAN INVESTORS CO INC 2.16% of their portfolio | 243.4k $22.1m | Unchanged |
| Boston Partners 0.03% of their portfolio | 236.4k $21.7m | Added +28.3k |
| QVT Financial LP 1.16% of their portfolio | 214.7k $19.5m | Unchanged |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 194.0k $17.6m | Added +164 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 153.4k $13.9m | Reduced -13.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 114.5k $10.4m | Reduced -7.4k |
| ACADIAN ASSET MANAGEMENT LLC 0.05% of their portfolio | 111.2k $10.1m | Reduced -17.0k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 104.6k $9.5m | Added +4.8k |
| BAR HARBOR WEALTH MANAGEMENT 0.74% of their portfolio | 102.3k $9.3m | Added +489 |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 66.5k $6.0m | Reduced -71.8k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 64.4k $5.8m | Unchanged |
| Sycale Advisors (NY) LLC 2.36% of their portfolio | 62.3k $5.7m | Reduced -129.8k |
| HighTower Advisors, LLC 0.01% of their portfolio | 56.6k $5.1m | Reduced -7.8k |
| Brandywine Global Investment Management, LLC 0.04% of their portfolio | 56.2k $5.1m | Reduced -1.7k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 50.3k $4.6m | Reduced -6.3k |
| MORGAN STANLEY 0.00% of their portfolio | 48.9k $4.4m | Reduced -5.9k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 48.5k $4.4m | Reduced -1.5k |
| DEAN INVESTMENT ASSOCIATES, LLC 0.65% of their portfolio | 42.2k $3.8m | Added +3.6k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 39.7k $3.6m | Reduced -6.9k |
| Invesco Ltd. 0.00% of their portfolio | 38.1k $3.5m | Reduced -1.8k |
| DENALI ADVISORS LLC 1.40% of their portfolio | 36.7k $3.3m | Reduced -9.3k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 35.7k $3.2m | Reduced -6.6k |
| Swiss National Bank 0.00% of their portfolio | 35.2k $3.2m | Unchanged |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 31.4k $2.9m | Added +103 |
| Amundi 0.00% of their portfolio | 27.6k $2.6m | Reduced -1.6k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.02% of their portfolio | 27.3k $2.5m | Reduced -4.1k |
| Guardian Wealth Management, Inc. 2.21% of their portfolio | 24.8k $2.2m | Added +382 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 24.7k $2.2m | Reduced -4.1k |
| Livforsakringsbolaget Skandia, Omsesidigt 0.25% of their portfolio | 24.4k $2.2m | Unchanged |
| JAMES INVESTMENT RESEARCH, INC. 0.30% of their portfolio | 23.4k $2.1m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 23.3k $2.1m | Unchanged |
| Skandinaviska Enskilda Banken AB (publ) 0.02% of their portfolio | 22.5k $2.0m | Unchanged |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 20.6k $1.9m | Added +6.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 18.5k $1.7m | Reduced -22 |
| Moody Aldrich Partners LLC 0.34% of their portfolio | 18.4k $1.7m | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 18.4k $1.7m | First filing |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 17.7k $1.6m | Added +7.9k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 17.7k $1.6m | Reduced -1.7k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.01% of their portfolio | 17.2k $1.6m | Reduced -5.5k |
| D.A. DAVIDSON & CO. 0.02% of their portfolio | 17.1k $1.6m | Added +9 |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 16.8k $1.5m | Reduced -16.7k |
| Legato Capital Management LLC 0.29% of their portfolio | 16.8k $1.5m | New |
| Dean Capital Management 2.02% of their portfolio | 16.8k $1.5m | Added +640 |
| SEI INVESTMENTS CO 0.00% of their portfolio | 16.5k $1.5m | Reduced -708 |
| CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio | 16.2k $1.5m | Added +74 |
| Vestcor Inc 0.05% of their portfolio | 14.6k $1.3m | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 13.7k $1.2m | Added +27 |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 13.5k $1.2m | Reduced -24.3k |
| NORGES BANK 0.00% of their portfolio | 13.2k $1.2m | Reduced -120.4k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 12.8k $1.2m | Reduced -577 |
| ANCHOR CAPITAL ADVISORS LLC 0.03% of their portfolio | 12.8k $1.2m | Reduced -594 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 12.3k $1.1m | New |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 12.2k $1.1m | Added +1.9k |
| LPL Financial LLC 0.00% of their portfolio | 11.7k $1.1m | Added +1.4k |
| Mirae Asset Global Investments Co., Ltd. 0.00% of their portfolio | 11.6k $1.1m | Reduced -224 |
| JENNISON ASSOCIATES LLC 0.00% of their portfolio | 10.8k $976.8k | Reduced -276 |
| M&T Bank Corp 0.00% of their portfolio | 10.7k $973.8k | Unchanged |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 8.8k $802.3k | Added +2.7k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.09% of their portfolio | 8.5k $770.9k | New |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 8.2k $751.3k | Added +1.3k |
| UBS Group AG 0.00% of their portfolio | 7.9k $721.2k | Added +6.0k |
| MetLife Investment Management, LLC 0.01% of their portfolio | 7.8k $706.8k | Unchanged |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.01% of their portfolio | 7.6k $690.8k | Reduced -1.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 7.4k $675.3k | Added +1.4k |
| AMERICAN INTERNATIONAL GROUP, INC. 0.00% of their portfolio | 6.9k $625.8k | Reduced -25 |
| SG Americas Securities, LLC 0.01% of their portfolio | 6.7k $609.0k | Reduced -449 |
| Capula Management Ltd 0.06% of their portfolio | 6.6k $601.7k | New |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 6.4k $577.3k | New |
| Dynamic Technology Lab Private Ltd 0.05% of their portfolio | 6.0k $544.0k | Added +960 |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 5.8k $529.5k | Reduced -147 |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 5.7k $517.8k | Unchanged |
| Aquatic Capital Management LLC 0.04% of their portfolio | 5.7k $517.0k | Added +5.6k |
| SHELL ASSET MANAGEMENT CO 0.02% of their portfolio | 5.6k $510.0k | Reduced -1.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 5.4k $486.9k | Reduced -1.1k |
| Summit Global Investments 0.04% of their portfolio | 5.2k $472.0k | New |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 4.9k $444.0k | Added +1.9k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 4.8k $434.4k | Reduced -7.6k |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 4.4k $399.3k | New |
| Acrisure Capital Management, LLC 0.42% of their portfolio | 4.2k $381.4k | First filing |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 4.1k $373.8k | Added +84 |
| Squarepoint Ops LLC 0.00% of their portfolio | 3.9k $356.2k | Reduced -749 |
| Campbell & CO Investment Adviser LLC 0.08% of their portfolio | 3.9k $351.1k | New |
| Y-Intercept (Hong Kong) Ltd 0.04% of their portfolio | 3.3k $303.8k | New |
| BURNEY CO/ 0.02% of their portfolio | 3.3k $298.6k | Unchanged |
| MACKENZIE FINANCIAL CORP 0.00% of their portfolio | 3.0k $272.8k | New |
| MAVERICK CAPITAL LTD 0.01% of their portfolio | 2.8k $254.9k | Reduced -277 |
| BANK OF NOVA SCOTIA 0.00% of their portfolio | 2.8k $251.7k | New |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 2.8k $250.1k | Reduced -985 |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 2.7k $248.2k | Reduced -11.1k |
| Inspire Investing, LLC 0.03% of their portfolio | 2.6k $234.1k | Reduced -33 |