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 ($3.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $100.86. Options: 4 managers hold calls ($598.6k notional), 2 hold puts ($141.2k).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 151 |
| Q4 2022 | 164 |
| Q1 2023 | 152 |
| Q2 2023 | 145 |
| Q3 2023 | 146 |
| Q4 2023 | 158 |
| Q1 2024 | 154 |
| Q2 2024 | 160 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 69 | 68 |
| Q1 2023 | 70 | 75 |
| Q2 2023 | 62 | 73 |
| Q3 2023 | 63 | 62 |
| Q4 2023 | 72 | 71 |
| Q1 2024 | 66 | 86 |
| Q2 2024 | 81 | 67 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $196.5k | $1.2m | 5.91 |
| Q4 2023 | $423.5k | $26.5k | 0.06 |
| Q1 2024 | $321.8k | $1.1m | 3.38 |
| Q2 2024 | $598.6k | $141.2k | 0.24 |
Biggest buyers
| BlackRock Inc. | Added | +87.8k |
| RENAISSANCE TECHNOLOGIES LLC | New | +46.2k |
| GOLDMAN SACHS GROUP INC | Added | +44.2k |
| JPMORGAN CHASE & CO | Added | +43.6k |
| HRT FINANCIAL LP | New | +41.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +35.4k |
| JANE STREET GROUP, LLC | Added | +33.7k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +26.9k |
| Qube Research & Technologies Ltd | Added | +24.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +22.5k |
Biggest sellers
| VANGUARD GROUP INC | Reduced | -328.6k |
| Empyrean Capital Partners, LP | Sold out | -215.0k |
| MORGAN STANLEY | Reduced | -116.8k |
| Sycale Advisors (NY) LLC | Reduced | -76.2k |
| DIMENSIONAL FUND ADVISORS LP | Reduced | -25.0k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -21.5k |
| FARMERS & MERCHANTS INVESTMENTS INC | Reduced | -18.2k |
| GSA CAPITAL PARTNERS LLP | Sold out | -15.4k |
| AMERIPRISE FINANCIAL INC | Reduced | -14.8k |
| D. E. Shaw & Co., Inc. | Reduced | -11.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $383.3k3.8k shares |
| Aristides Capital LLC | New | $205.3k25.3k shares |
| CITADEL ADVISORS LLC | Reduced | $10.1k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $141.2k1.4k 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 Q2 2024
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 |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 1 | $122.7k | — |
| Q4 2022 | 0 | — | 1 | $169.1k | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 2 | $302.4k | $302.4k |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 1 | $172.9k | $172.9k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-06 | Farrell Kathleen Anne Director | Sold plan | $172.9k1.7k 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, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 2.1m $207.6m | Reduced -25.0k |
| MAGNOLIA GROUP, LLC 29.10% of their portfolio | 1.9m $191.6m | Unchanged |
| FARMERS & MERCHANTS INVESTMENTS INC 4.00% of their portfolio | 1.2m $119.9m | Reduced -18.2k |
| BlackRock Inc. 0.00% of their portfolio | 1.1m $114.8m | Added +87.8k |
| VANGUARD GROUP INC 0.00% of their portfolio | 985.0k $99.3m | Reduced -328.6k |
| STATE STREET CORP 0.00% of their portfolio | 380.4k $38.4m | Added +15.9k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 359.6k $36.3m | Added +43.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 358.9k $36.2m | Added +26.9k |
| Madison Avenue Partners, LP 3.70% of their portfolio | 290.2k $29.3m | Unchanged |
| GENERAL AMERICAN INVESTORS CO INC 1.75% of their portfolio | 243.4k $24.6m | Unchanged |
| Sycale Advisors (NY) LLC 7.96% of their portfolio | 232.9k $23.5m | Reduced -76.2k |
| QVT Financial LP 2.18% of their portfolio | 229.7k $23.2m | Unchanged |
| NORTHERN TRUST CORP 0.00% of their portfolio | 221.5k $22.3m | Reduced -9.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 199.1k $20.1m | Added +4.2k |
| Bandera Partners LLC 4.64% of their portfolio | 127.0k $12.8m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 122.1k $12.3m | Added +5.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 118.0k $11.9m | Added +1.3k |
| BAR HARBOR WEALTH MANAGEMENT 0.72% of their portfolio | 107.2k $10.8m | Reduced -819 |
| LAWSON KROEKER INVESTMENT MANAGEMENT INC/NE 2.00% of their portfolio | 102.6k $10.3m | Added +910 |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 81.5k $8.2m | Reduced -11.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 68.3k $6.9m | Added +44.2k |
| DENALI ADVISORS LLC 1.78% of their portfolio | 64.5k $6.5m | Added +16.0k |
| HighTower Advisors, LLC 0.01% of their portfolio | 63.6k $6.4m | Added +13.3k |
| MORGAN STANLEY 0.00% of their portfolio | 61.9k $6.2m | Reduced -116.8k |
| Crawford Fund Management, LLC 4.60% of their portfolio | 57.6k $5.8m | Reduced -8.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 52.3k $5.3m | Added +100 |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 50.1k $5.1m | Added +24.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 48.9k $4.9m | Added +22.5k |
| DEAN INVESTMENT ASSOCIATES, LLC 0.70% of their portfolio | 48.8k $4.9m | Added +8.6k |
| Brandywine Global Investment Management, LLC 0.04% of their portfolio | 47.8k $4.8m | Reduced -2.2k |
| Guardian Wealth Management, Inc. 3.58% of their portfolio | 46.4k $4.7m | Added +568 |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 46.2k $4.7m | New |
| HRT FINANCIAL LP 0.02% of their portfolio | 41.3k $4.2m | New |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 37.6k $3.8m | Added +1.7k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 37.1k $3.7m | Added +33.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 35.4k $3.6m | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 31.6k $3.2m | Added +1.6k |
| Invesco Ltd. 0.00% of their portfolio | 29.8k $3.0m | Reduced -312 |
| Swiss National Bank 0.00% of their portfolio | 28.3k $2.9m | Reduced -3.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 24.7k $2.5m | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 22.9k $2.3m | Added +4.2k |
| ALGERT GLOBAL LLC 0.07% of their portfolio | 21.9k $2.2m | Added +1.8k |
| JAMES INVESTMENT RESEARCH, INC. 0.25% of their portfolio | 20.8k $2.1m | Unchanged |
| Trexquant Investment LP 0.03% of their portfolio | 19.6k $2.0m | Added +938 |
| Legato Capital Management LLC 0.24% of their portfolio | 18.0k $1.8m | Added +4.2k |
| Dean Capital Management 2.34% of their portfolio | 18.0k $1.8m | Added +4.2k |
| D.A. DAVIDSON & CO. 0.02% of their portfolio | 17.4k $1.8m | Added +618 |
| Prescott Group Capital Management, L.L.C. 0.27% of their portfolio | 17.2k $1.7m | Added +5.0k |
| Legal & General Group Plc 0.00% of their portfolio | 16.2k $1.6m | Added +1.5k |
| CAPTRUST FINANCIAL ADVISORS 0.01% of their portfolio | 16.1k $1.6m | Added +25 |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 15.0k $1.5m | Reduced -11.4k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 14.1k $1.4m | Reduced -1.6k |
| UBS Group AG 0.00% of their portfolio | 13.8k $1.4m | Reduced -1.4k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 13.7k $1.4m | Reduced -8.4k |
| Squarepoint Ops LLC 0.01% of their portfolio | 13.7k $1.4m | Reduced -10.2k |
| ANCHOR CAPITAL ADVISORS LLC 0.04% of their portfolio | 13.3k $1.3m | Added +395 |
| Y-Intercept (Hong Kong) Ltd 0.07% of their portfolio | 13.2k $1.3m | New |
| BARCLAYS PLC 0.00% of their portfolio | 12.8k $1.3m | Reduced -7.1k |
| Vestcor Inc 0.04% of their portfolio | 12.4k $1.3m | Reduced -1.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 11.3k $1.1m | Added +4.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.00% of their portfolio | 11.3k $1.1m | Reduced -10.0k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio | 10.2k $1.0m | First filing |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 9.3k $939.2k | Added +1.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 8.6k $869.0k | Added +914 |
| MetLife Investment Management, LLC 0.01% of their portfolio | 8.4k $843.1k | Added +1.6k |
| Corebridge Financial, Inc. 0.00% of their portfolio | 7.8k $785.7k | First filing |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 7.2k $730.1k | Added +1.6k |
| Cubist Systematic Strategies, LLC 0.01% of their portfolio | 6.9k $694.0k | Added +5.1k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 6.8k $684.7k | Added +2.3k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 6.8k $681.0k | Unchanged |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 6.3k $637.4k | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 6.1k $614.2k | Reduced -929 |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 6.0k $605.2k | Reduced -66 |
| Quadrature Capital Ltd 0.01% of their portfolio | 6.0k $605.2k | New |
| Tower Research Capital LLC (TRC) 0.01% of their portfolio | 5.9k $595.0k | Added +5.7k |
| CITIGROUP INC 0.00% of their portfolio | 5.6k $567.8k | Added +2.7k |
| XTX Topco Ltd 0.05% of their portfolio | 5.3k $534.9k | New |
| MARSHALL WACE, LLP 0.00% of their portfolio | 5.1k $512.8k | Reduced -9.3k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 4.9k $499.0k | Added +578 |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 4.9k $490.0k | Reduced -297 |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.00% of their portfolio | 4.8k $488.0k | Reduced -661 |
| Creative Planning 0.00% of their portfolio | 4.4k $448.6k | Added +898 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 4.2k $421.9k | New |
| ARIZONA STATE RETIREMENT SYSTEM 0.00% of their portfolio | 4.0k $406.6k | Reduced -364 |
| ExodusPoint Capital Management, LP 0.00% of their portfolio | 4.0k $405.0k | Reduced -8.4k |
| QRG CAPITAL MANAGEMENT, INC. 0.00% of their portfolio | 3.9k $395.6k | Reduced -94 |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 3.6k $360.8k | Reduced -31 |
| Inspire Investing, LLC 0.04% of their portfolio | 3.5k $351.7k | Reduced -300 |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 3.4k $347.5k | Added +890 |
| HARBOR CAPITAL ADVISORS, INC. 0.03% of their portfolio | 3.4k $343.0k | Reduced -6.0k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.06% of their portfolio | 3.3k $330.7k | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 3.3k $330.7k | Reduced -3.5k |
| RMR Capital Management, LLC 0.28% of their portfolio | 3.0k $306.1k | New |
| Brevan Howard Capital Management LP 0.02% of their portfolio | 3.0k $305.0k | Added +296 |
| ClearAlpha Technologies LP 0.12% of their portfolio | 3.0k $302.8k | New |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 2.9k $292.5k | Reduced -200 |
| Proficio Capital Partners LLC 0.03% of their portfolio | 2.9k $292.4k | New |
| Nebula Research & Development LLC 0.05% of their portfolio | 2.8k $285.7k | Reduced -1.1k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 2.8k $277.8k | Reduced -43 |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 2.7k $267.8k | Reduced -14.8k |