NELNET INC - Class A Common Stock (NNI) Institutional Ownership

13F Institutional Holders and Ownership History from Q1 2014 to Q4 2025

Type / Class
Equity / Class A Common Stock
Symbol
NNI on NYSE
Shares outstanding
25,877,901
Price per share
$132.55
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
11,619,862
Total reported value
$1,544,981,000
% of total 13F portfolios
0%
Share change
-270,068
Value change
-$35,356,245
Number of holders
218
Price from insider filings
$132.55
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of NELNET INC - Class A Common Stock (NNI) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
DUNLAP MICHAEL S 38% $1,678,491,524 13,387,235 Dunlap, Michael S. 10 Nov 2025
MUHLEISEN ANGIE 18% $587,267,382 4,683,900 Muhleisen, Angela L. 30 Sep 2025
UNION BANK & TRUST CO / TRUSTEE 7.9% $256,681,447 2,047,228 UNION BANK & TRUST CO / TRUSTEE 30 Sep 2025
VANGUARD GROUP INC 5.2% $143,670,790 1,347,756 The Vanguard Group 31 Dec 2024

As of 31 Dec 2025, 218 institutional investors reported holding 11,619,862 shares of NELNET INC - Class A Common Stock (NNI). This represents 45% of the company’s total 25,877,901 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of NELNET INC - Class A Common Stock (NNI) together control 39% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
DIMENSIONAL FUND ADVISORS LP 7.1% 1,848,962 -2% 0.05% $245,839,074
MAGNOLIA GROUP, LLC 6.4% 1,668,976 0% 37% $221,907,049
VANGUARD GROUP INC 5.1% 1,317,538 -15% 0% $175,179,853
FARMERS & MERCHANTS INVESTMENTS INC 4.6% 1,184,351 +0.09% 4.4% $157,471,309
BlackRock, Inc. 3.6% 925,076 -7.5% 0% $122,998,120
GEODE CAPITAL MANAGEMENT, LLC 1.2% 314,823 -6.7% 0% $41,866,874
STATE STREET CORP 1.2% 298,264 -7.8% 0% $39,657,181
AMERICAN CENTURY COMPANIES INC 1% 264,275 +43% 0.02% $35,138,104
GENERAL AMERICAN INVESTORS CO INC 0.94% 243,415 0% 2% $32,364,458
Empyrean Capital Partners, LP 0.89% 231,000 0% 1.1% $30,713,760
QVT Financial LP 0.89% 229,665 0% 2.9% $30,536,258
Bragg Financial Advisors, Inc 0.82% 212,618 +3.2% 0.92% $28,269,690
JPMORGAN CHASE & CO 0.7% 181,523 -1.9% 0% $24,135,299
NORTHERN TRUST CORP 0.62% 160,788 -12% 0% $21,378,372
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.6% 154,775 -7.6% 0% $20,578,884
Sycale Advisors (NY) LLC 0.59% 152,441 +3.4% 7% $20,268,555
UBS Group AG 0.51% 132,408 -31% 0% $17,604,968
BAR HARBOR WEALTH MANAGEMENT 0.43% 110,223 -0.34% 0.85% $14,655,250
Bandera Partners LLC 0.4% 102,389 0% 6.1% $13,616,304
Qube Research & Technologies Ltd 0.3% 76,814 -23% 0.01% $10,213,189
Bank of New York Mellon Corp 0.29% 75,169 -17% 0% $9,994,522
JANE STREET GROUP, LLC 0.27% 69,711 +115% 0.01% $9,268,774
MORGAN STANLEY 0.26% 66,795 -14% 0% $8,881,120
LAWSON KROEKER INVESTMENT MANAGEMENT INC/NE 0.26% 66,142 -34% 2.6% $8,794,240
D. E. Shaw & Co., Inc. 0.26% 66,004 +3.8% 0.01% $8,775,892

Institutional Holders of NELNET INC - Class A Common Stock (NNI) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 11,619,862 $1,544,981,000 -$35,356,245 $132.96 218
2025 Q3 11,887,680 $1,490,512,319 -$13,172,075 $125.38 202
2025 Q2 11,992,403 $1,452,531,659 -$7,691,966 $121.12 188
2025 Q1 12,067,331 $1,338,680,901 +$12,185,348 $110.93 178
2024 Q4 11,961,293 $1,277,590,017 +$10,987,850 $106.81 163
2024 Q3 11,824,734 $1,339,479,394 +$7,129,229 $113.28 158
2024 Q2 11,742,391 $1,184,345,537 -$29,575,856 $100.86 158
2024 Q1 12,078,047 $1,143,156,467 -$24,906,225 $94.65 153
2023 Q4 12,357,613 $1,090,592,405 -$14,104,190 $88.22 156
2023 Q3 12,429,063 $1,109,976,172 -$8,082,088 $89.32 145
2023 Q2 12,509,053 $1,206,874,618 -$714,282 $96.48 143
2023 Q1 12,507,895 $1,149,407,335 +$10,214,102 $91.89 148
2022 Q4 12,407,463 $1,126,302,314 -$9,926,327 $90.75 163
2022 Q3 12,530,828 $992,824,539 -$24,650,714 $79.19 144
2022 Q2 12,822,577 $1,093,719,982 -$19,952,917 $85.25 140
2022 Q1 13,098,970 $1,113,289,516 -$25,739,708 $84.99 143
2021 Q4 13,386,726 $1,307,213,510 -$9,675,973 $97.68 137
2021 Q3 13,587,212 $1,076,847,174 +$9,085,374 $79.24 131
2021 Q2 13,477,039 $1,014,069,188 +$2,107,477 $75.23 134
2021 Q1 13,512,978 $983,250,593 -$23,741,121 $72.74 133
2020 Q4 13,858,252 $987,253,364 +$15,050,276 $71.24 130
2020 Q3 13,653,953 $823,203,315 -$6,216,415 $60.25 125
2020 Q2 13,786,463 $659,097,523 -$42,932,600 $47.74 118
2020 Q1 14,723,636 $668,546,914 -$14,030,301 $45.41 115
2019 Q4 15,381,474 $895,866,645 -$21,442,183 $58.24 125
2019 Q3 14,801,922 $941,322,233 +$26,795,744 $63.60 125
2019 Q2 14,392,094 $852,119,951 -$8,177,336 $59.22 121
2019 Q1 14,615,406 $804,855,202 -$26,834,360 $55.07 124
2018 Q4 15,106,845 $790,685,577 -$37,957,064 $52.34 124
2018 Q3 15,819,002 $904,371,289 -$3,445,894 $57.17 124
2018 Q2 15,874,349 $926,904,982 -$29,835,706 $58.41 131
2018 Q1 16,394,379 $859,242,386 -$23,162,260 $52.41 123
2017 Q4 16,893,078 $925,441,204 +$1,742,868 $54.78 124
2017 Q3 16,840,591 $850,479,216 -$25,913,300 $50.50 114
2017 Q2 17,384,606 $817,205,113 -$11,484,783 $47.01 118
2017 Q1 17,649,418 $774,095,620 +$70,298,583 $43.86 128
2016 Q4 17,320,544 $879,010,701 -$1,161,622 $50.75 125
2016 Q3 17,352,271 $699,850,549 +$2,337,149 $40.37 114
2016 Q2 17,352,107 $602,971,015 -$8,655,695 $34.75 122
2016 Q1 17,571,561 $691,573,000 -$44,585,186 $39.37 126
2015 Q4 18,811,980 $631,508,688 -$38,889,330 $33.57 113
2015 Q3 19,914,758 $690,095,431 -$19,463,807 $34.61 122
2015 Q2 20,153,602 $872,842,200 -$43,351,159 $43.31 126
2015 Q1 21,121,822 $999,112,035 -$2,773,856 $47.32 131
2014 Q4 21,181,761 $981,138,678 -$1,908,715 $46.33 123
2014 Q3 21,298,249 $917,744,156 +$8,092,969 $43.09 127
2014 Q2 21,122,417 $875,084,626 -$5,123,476 $41.43 133
2014 Q1 21,247,305 $868,941,887 +$17,280,828 $40.90 132