Nelnet Inc. Class ANNI
13F holders, Q4 2025 (December 31)220holders +16
35new positions
20sold out
7famous investors
$132.96avg. 13F price*
At the end of Q4 2025, 220 institutions reported holding Nelnet Inc. Class A (NNI) in their 13F filings, up 16 from Q3 2025. 35 opened new positions and 20 sold out. The largest holders were Dimensional Fund Advisors LP ($245.8M), Magnolia Group, LLC ($221.9M) and Vanguard Group Inc. ($175.2M). 7 famous investors held it, including Paul Tudor Jones (0.0% of Tudor Investment Corporation's portfolio), David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio) and Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio).
- Company
- Nelnet Inc. Class A
- CUSIP
- 64031N108
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 35 | $25.1M |
| Exits | 20 | $8.8M |
All 13F filers, Q3 2025 → Q4 2025: 500,077 shares bought and 767,251 shares sold, net −267,174 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 220 holders
| Dimensional Fund Advisors LP | 0.05% | Reduce -2.0% | 1,848,962 | $245.8M |
| Magnolia Group, LLC | 36.59% | No change | 1,668,976 | $221.9M |
| Vanguard Group Inc. | 0.00% | Reduce -14.8% | 1,317,538 | $175.2M |
| Farmers & Merchants Investments Inc. | 4.35% | Add +0.1% | 1,184,351 | $157.5M |
| BlackRock, Inc. | 0.00% | Reduce -7.5% | 925,076 | $123.0M |
| Geode Capital Management, LLC | 0.00% | Reduce -6.7% | 314,823 | $41.9M |
| State Street Corp. | 0.00% | Reduce -7.8% | 298,264 | $39.7M |
| American Century Companies Inc. | 0.02% | Add +43.4% | 264,275 | $35.1M |
| General American Investors Co. Inc. | 2.01% | No change | 243,415 | $32.4M |
| Empyrean Capital Partners, LP | 1.15% | No change | 231,000 | $30.7M |
| QVT Financial LP | 2.94% | No change | 229,665 | $30.5M |
| Bragg Financial Advisors, Inc | 0.92% | Add +3.2% | 212,618 | $28.3M |
| JPMorgan Chase & Co. | 0.00% | Reduce -1.9% | 181,523 | $24.1M |
| Northern Trust Corp. | 0.00% | Reduce -12.0% | 160,788 | $21.4M |
| Charles Schwab Investment Management Inc. | 0.00% | Reduce -7.6% | 154,775 | $20.6M |
| Sycale Advisors (NY) LLC | 7.13% | Add +3.5% | 152,441 | $20.3M |
| UBS Group AG | 0.00% | Reduce -31.0% | 132,408 | $17.6M |
| Bar Harbor Wealth Management | 0.85% | Reduce -0.3% | 110,223 | $14.7M |
| Bandera Partners LLC | 6.12% | No change | 102,389 | $13.6M |
| Qube Research & Technologies Ltd | 0.01% | Reduce -23.1% | 76,814 | $10.2M |
| Bank of New York Mellon Corp | 0.00% | Reduce -17.0% | 75,169 | $10.0M |
| Jane Street Group, LLC | 0.01% | Add +115.1% | 69,711 | $9.3M |
| Morgan Stanley | 0.00% | Reduce -13.7% | 66,795 | $8.9M |
| Lawson Kroeker Investment Management Inc. | 2.62% | Reduce -34.5% | 66,142 | $8.8M |
| D. E. Shaw & Co. | 0.01% | Add +3.8% | 66,004 | $8.8M |
| Guardian Wealth Management, Inc. | 3.84% | Reduce -0.5% | 49,228 | $6.5M |
| Philadelphia Financial Management of San Francisco, LLC | 1.29% | New | 46,910 | $6.2M |
| Crawford Fund Management, LLC | 1.96% | Add +32.5% | 46,090 | $6.1M |
| Goldman Sachs Group Inc. | 0.00% | Reduce -16.0% | 45,190 | $6.0M |
| Denali Advisors LLC | 0.66% | Add +14.4% | 44,600 | $5.9M |
| Brandywine Global Investment Management, LLC | 0.04% | Reduce -2.8% | 38,854 | $5.2M |
| HighTower Advisors, LLC | 0.01% | Reduce -5.0% | 34,855 | $4.6M |
| Edgestream Partners, L.P. | 0.13% | Add +228.4% | 34,290 | $4.6M |
| LPL Financial LLC | 0.00% | Add +1.9% | 32,625 | $4.3M |
| HRT Financial LP | 0.01% | Add +138.6% | 31,992 | $4.3M |
| Citadel Advisors | 0.00% | Reduce -38.0% | 30,987 | $4.1M |
| Renaissance Technologies | 0.01% | Add +134.1% | 30,200 | $4.0M |
| Swiss National Bank | 0.00% | Add +1.1% | 27,700 | $3.7M |
| Marshall Wace, LLP | 0.00% | Reduce -45.8% | 27,471 | $3.7M |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 0.00% | Reduce -1.3% | 27,057 | $3.6M |
| Nuveen, LLC | 0.00% | Reduce -7.6% | 25,993 | $3.5M |
| Two Sigma Investments, LP | 0.01% | Add +250.3% | 25,575 | $3.4M |
| Millennium Management | 0.00% | Reduce -9.8% | 25,252 | $3.4M |
| AQR Capital Management | 0.00% | Add +21.2% | 24,449 | $3.3M |
| Susquehanna International Group, LLP | 0.00% | Add +68.1% | 24,190 | $3.2M |
| D.A. Davidson & Co. | 0.02% | Add +4.2% | 24,059 | $3.2M |
| Algert Global LLC | 0.05% | No change | 23,434 | $3.1M |
| Tudor Investment Corporation | 0.02% | Add +59.3% | 23,209 | $3.1M |
| Rhumbline Advisers | 0.00% | Reduce -17.3% | 22,865 | $3.0M |
| First Manhattan Co. Llc. | 0.01% | New | 21,763 | $2.9M |
| Y-Intercept (Hong Kong) Ltd | 0.06% | New | 21,647 | $2.9M |
| James Investment Research, Inc. | 0.30% | No change | 20,758 | $2.8M |
| Martingale Asset Management L P | 0.07% | Reduce -20.7% | 19,613 | $2.6M |
| Invesco Ltd. | 0.00% | Reduce -18.8% | 19,539 | $2.6M |
| Barclays PLC | 0.00% | Reduce -5.2% | 17,611 | $2.3M |
| Prescott Group Capital Management, L.L.C. | 0.21% | No change | 17,203 | $2.3M |
| First Trust Advisors LP | 0.00% | Add +73.6% | 17,182 | $2.3M |
| New York State Common Retirement Fund | 0.00% | Add +7.6% | 15,509 | $2.1M |
| Captrust Financial Advisors | 0.00% | Reduce -5.6% | 15,421 | $2.1M |
| Alliancebernstein L.P. | 0.00% | Reduce -20.7% | 15,189 | $2.0M |
| Connor, Clark & Lunn Investment Management Ltd. | 0.01% | Reduce -31.8% | 15,039 | $2.0M |
| Susquehanna Fundamental Investments, LLC | 0.07% | Add +415.1% | 14,375 | $1.9M |
| Legal & General Group Plc | 0.00% | Reduce -1.2% | 14,105 | $1.9M |
| Anchor Capital Advisors LLC | 0.05% | Add +7.7% | 14,041 | $1.9M |
| California State Teachers Retirement System | 0.00% | Add +2.0% | 13,250 | $1.8M |
| Wells Fargo & Company | 0.00% | Add +25.2% | 13,188 | $1.8M |
| Creative Planning | 0.00% | Add +21.4% | 13,145 | $1.7M |
| Sei Investments Co. | 0.00% | Reduce -1.6% | 13,004 | $1.7M |
| AlphaQuest LLC | 0.10% | Add +3175.3% | 12,970 | $1.7M |
| Pilgrim Partners Asia Pte Ltd | 0.77% | No change | 12,000 | $1.6M |
| SG Americas Securities, LLC | 0.00% | New | 11,992 | $1.6M |
| Bank of America Corp. | 0.00% | Reduce -47.6% | 11,911 | $1.6M |
| Point72 Asset Management | 0.00% | New | 11,810 | $1.6M |
| Lazard Asset Management LLC | 0.00% | New | 11,027 | $1.5M |
| Fieldview Capital Management, LLC | 0.24% | New | 10,523 | $1.4M |
| T. Rowe Price Associates Inc. | 0.00% | Reduce -16.2% | 9,624 | $1.3M |
| Militia Capital Partners, LP | 0.45% | New | 9,000 | $1.2M |
| Victory Capital Management Inc. | 0.00% | Add +378.3% | 8,929 | $1.2M |
| Wedge Capital Management L L P | 0.02% | Add +0.9% | 8,742 | $1.2M |
| Deutsche Bank AG | 0.00% | Reduce -23.5% | 8,423 | $1.1M |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 0.00% | Reduce -11.8% | 7,861 | $1.0M |
| NorthCrest Asset Manangement, LLC | 0.02% | Add +0.7% | 7,492 | $992K |
| Intech Investment Management LLC | 0.01% | Reduce -10.5% | 7,312 | $972K |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -9.2% | 7,135 | $949K |
| QRG Capital Management, Inc. | 0.01% | Add +7.6% | 7,074 | $941K |
| Teacher Retirement System of Texas | 0.00% | Reduce -8.6% | 6,940 | $923K |
| Asset Value Investors Ltd | 0.72% | Reduce -23.1% | 6,370 | $847K |
| KLP Kapitalforvaltning As | 0.00% | Add +3.3% | 6,200 | $824K |
| MetLife Investment Management, LLC | 0.00% | Reduce -17.2% | 6,185 | $822K |
| Janus Henderson Group PLC | 0.00% | No change | 6,007 | $798K |
| Integrated Quantitative Investments LLC | 0.16% | Add +243.5% | 5,658 | $752K |
| Citigroup Inc. | 0.00% | Reduce -0.5% | 5,457 | $726K |
| Balyasny Asset Management L.P. | 0.00% | Reduce -34.6% | 5,411 | $719K |
| Handelsbanken Fonder AB | 0.00% | Add +18.4% | 5,151 | $685K |
| Acadian Asset Management LLC | 0.00% | Add +15.8% | 5,158 | $684K |
| Gsa Capital Partners LLP | 0.06% | New | 4,834 | $643K |
| Avity Investment Management Inc. | 0.04% | No change | 4,804 | $639K |
| Susquehanna Portfolio Strategies, LLC | 0.01% | No change | 4,684 | $623K |
| RMR Capital Management, LLC | 0.44% | Reduce -3.1% | 4,613 | $613K |
| State of Wisconsin Investment Board | 0.00% | Reduce -7.9% | 4,506 | $599K |
| Two Sigma Advisers, LP | 0.00% | Add +45.2% | 4,500 | $598K |
| Proficio Capital Partners LLC | 0.04% | No change | 4,440 | $590K |
| BNP Paribas Financial Markets | 0.00% | Add +35.2% | 4,419 | $588K |
| Quantinno Capital Management LP | 0.00% | Add +16.7% | 4,351 | $579K |
| Jain Global LLC | 0.01% | New | 4,292 | $571K |
| MML Investors Services, LLC | 0.00% | Add +9.9% | 4,136 | $550K |
| CreativeOne Wealth, LLC | 0.01% | Reduce -7.7% | 4,104 | $546K |
| Arizona State Retirement System | 0.00% | Reduce -6.5% | 3,910 | $520K |
| Russell Investments Group, Ltd. | 0.00% | Reduce -6.2% | 3,739 | $497K |
| Legato Capital Management LLC | 0.04% | New | 3,652 | $486K |
| Envestnet Asset Management Inc. | 0.00% | Reduce -7.5% | 3,568 | $474K |
| Inspire Investing, LLC | 0.04% | Reduce -2.3% | 3,525 | $469K |
| Jump Financial, LLC | 0.01% | Add +19.7% | 3,435 | $457K |
| Neuberger Berman Group LLC | 0.00% | New | 3,380 | $449K |
| Royal Bank of Canada | 0.00% | Add +10.6% | 3,021 | $401K |
| Police & Firemen's Retirement System of New Jersey | 0.00% | Reduce -22.9% | 2,849 | $379K |
| Focus Partners Wealth | 0.00% | New | 2,814 | $374K |
| Aigen Investment Management, LP | 0.08% | New | 2,708 | $360K |
| Ameriprise Financial Inc. | 0.00% | Add +0.5% | 2,707 | $360K |
| Engineers Gate Manager LP | 0.00% | New | 2,691 | $358K |
| Comerica Bank | 0.00% | Add +0.0% | 2,655 | $353K |
| Axq Capital, LP | 0.08% | Add +5.0% | 2,619 | $348K |
| Dark Forest Capital Management LP | 0.02% | Reduce -50.1% | 2,543 | $338K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | Reduce -1.4% | 2,447 | $325K |
| Mariner, LLC | 0.00% | New | 2,351 | $313K |
| Blue Trust, Inc. | 0.00% | No change | 2,326 | $309K |
| FMR LLC | 0.00% | Add +135.4% | 2,316 | $308K |
| Concurrent Investment Advisors, LLC | 0.00% | Add +7.7% | 2,208 | $294K |
| Lighthouse Investment Partners, LLC | 0.01% | New | 2,148 | $286K |
| Security National Bank of Sioux City Iowa | 0.18% | No change | 2,100 | $279K |
| Entropy Technologies, LP | 0.02% | Reduce -46.3% | 2,089 | $278K |
| ProShare Advisors LLC | 0.00% | Reduce -7.2% | 2,047 | $272K |
| Voya Investment Management LLC | 0.00% | Reduce -14.2% | 2,046 | $272K |
| Ieq Capital, LLC | 0.00% | New | 1,990 | $265K |
| Cwm, LLC | 0.00% | Add +7.1% | 1,900 | $253K |
| Swiss Life Asset Management Ltd | 0.00% | New | 1,890 | $251K |
| Mission Creek Capital Partners, Inc. | 0.05% | New | 1,761 | $234K |
| Pictet Asset Management Holding SA | 0.00% | No change | 1,714 | $228K |
| Brevan Howard Capital Management LP | 0.00% | Reduce -73.1% | 1,680 | $223K |
| Verition Fund Management LLC | 0.00% | Reduce -23.7% | 1,600 | $213K |
| Mercer Global Advisors Inc. | 0.00% | New | 1,581 | $210K |
| Ballentine Partners, LLC | 0.00% | New | 1,578 | $210K |
| Jefferies Financial Group Inc. | 0.00% | New | 1,552 | $206K |
| Sequoia Financial Advisors, LLC | 0.00% | New | 1,534 | $204K |
| Abel Hall, LLC | 0.05% | New | 1,519 | $202K |
| CANADA LIFE ASSURANCE Co | 0.00% | No change | 1,509 | $200K |
| Pittenger & Anderson Inc. | 0.01% | No change | 1,272 | $169K |
| State of Alaska, Department of Revenue | 0.00% | Add +4.0% | 1,113 | $147K |
| Tower Research Capital LLC (TRC) | 0.00% | Add +23.8% | 1,041 | $138K |
| Vestcor Inc | 0.00% | No change | 1,040 | $138K |
| Ancora Advisors LLC | 0.00% | No change | 1,034 | $137K |
| Allworth Financial LP | 0.00% | Add +0.4% | 1,034 | $137K |
| Ameritas Investment Partners, Inc. | 0.00% | Reduce -15.8% | 908 | $121K |
| Wealth Enhancement Advisory Services, LLC | 0.00% | Add +19.3% | 797 | $109K |
| KBC Group NV | 0.00% | No change | 747 | $99K |
| Kestra Advisory Services, LLC | 0.00% | New | 691 | $92K |
| Sterling Capital Management LLC | 0.00% | Reduce -27.8% | 645 | $86K |
| US Bancorp \de | 0.00% | Add +138.6% | 501 | $67K |
| Los Angeles Capital Management LLC | 0.00% | New | 458 | $59K |
| Harbor Capital Advisors, Inc. | 0.00% | Reduce -1.6% | 437 | $58K |
| NFSG Corp | 0.01% | No change | 375 | $50K |
| Smartleaf Asset Management LLC | 0.00% | No change | 368 | $49K |
| Amalgamated Bank | 0.00% | Reduce -15.8% | 352 | $47K |
| Maseco LLP | 0.00% | No change | 334 | $44K |
| EverSource Wealth Advisors, LLC | 0.00% | Reduce -24.2% | 294 | $39K |
| GAMMA Investing LLC | 0.00% | Add +1.4% | 292 | $39K |
| Jones Financial Companies LLLP | 0.00% | Add +28.4% | 289 | $38K |
| Pinnacle Bancorp, Inc. | 0.01% | No change | 250 | $33K |
| Versant Capital Management, Inc | 0.00% | Add +1.6% | 246 | $33K |
| Caitong International Asset Management Co., Ltd | 0.01% | New | 235 | $31K |
| Farther Finance Advisors, LLC | 0.00% | Reduce -77.7% | 209 | $28K |
| Rossby Financial, LCC | 0.01% | New | 204 | $27K |
| Federation des caisses Desjardins du Quebec | 0.00% | No change | 200 | $27K |
| Public Employees Retirement System of Ohio | 0.00% | Reduce -8.9% | 194 | $26K |
| Parallel Advisors, LLC | 0.00% | Add +1.2% | 169 | $22K |
| Osaic Holdings, Inc. | 0.00% | Reduce -58.9% | 155 | $21K |
| Ogorek Anthony Joseph /NY/ | 0.01% | No change | 139 | $18K |
| Root Financial Partners, LLC | 0.00% | Add +13.7% | 116 | $15K |
| Rockefeller Capital Management L.P. | 0.00% | Add +354.2% | 109 | $14K |
| Cornerstone Planning Group LLC | 0.00% | No change | 110 | $14K |
| Danske Bank A/S | 0.00% | New | 100 | $13K |
| Kemnay Advisory Services Inc. | 0.00% | New | 99 | $13K |
| IFP Advisors, Inc | 0.00% | Add +287.0% | 89 | $12K |
| Torren Management, LLC | 0.01% | — | 87 | $12K |
| Signaturefd, LLC | 0.00% | Add +213.0% | 72 | $10K |
| Nisa Investment Advisors, LLC | 0.00% | Reduce -32.4% | 69 | $9K |
| Pinnacle Wealth Planning Services, Inc. | 0.00% | New | 68 | $9K |
| Covestor Ltd | 0.00% | No change | 67 | $9K |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.00% | Add +30.0% | 65 | $9K |
| Prestige Wealth Management Group LLC | 0.00% | No change | 42 | $6K |
| JFS Wealth Advisors, LLC | 0.00% | Add +37.5% | 33 | $4K |
| Rothschild Investment LLC | 0.00% | Add +52.4% | 32 | $4K |
| PNC Financial Services Group, Inc. | 0.00% | Reduce -8.8% | 31 | $4K |
| MAI Capital Management | 0.00% | Add +7.1% | 30 | $4K |
| MassMutual Private Wealth & Trust, FSB | 0.00% | No change | 26 | $3K |
| Private Wealth Management Group, LLC | 0.00% | No change | 24 | $3K |
| SageView Advisory Group, LLC | 0.00% | New | 24 | $3K |
| Dogwood Wealth Management LLC | 0.00% | No change | 24 | $3K |
| Larson Financial Group LLC | 0.00% | No change | 24 | $3K |
| Optiver Holding B.V. | 0.00% | Reduce -73.3% | 24 | $3K |
| Manchester Capital Management LLC | 0.00% | Reduce -4.2% | 23 | $3K |
| Essential Partners LLC | 0.00% | Add +10.5% | 21 | $3K |
| SBI Securities Co., Ltd. | 0.00% | No change | 20 | $3K |
| Parkside Financial Bank & Trust | 0.00% | No change | 19 | $3K |
| Keating Financial Advisory Services, Inc. | 0.00% | — | 19 | $3K |
| SJS Investment Consulting Inc. | 0.00% | No change | 12 | $2K |
| Bell Investment Advisors, Inc | 0.00% | No change | 12 | $2K |
| Fortitude Family Office, LLC | 0.00% | No change | 10 | $1K |
| Marquette Asset Management, LLC | 0.00% | New | 8 | $1K |
| NewEdge Advisors, LLC | 0.00% | New | 8 | $1K |
| True Wealth Design, LLC | 0.00% | Reduce -14.3% | 6 | $798 |
| DiNuzzo Private Wealth, Inc. | 0.00% | No change | 6 | $798 |
| Rialto Wealth Management, LLC | 0.00% | Add +33.3% | 4 | $532 |
| HFM Investment Advisors, LLC | 0.00% | No change | 3 | $399 |
| Bay Harbor Wealth Management, LLC | 0.00% | No change | 3 | $398 |
| Ameriflex Group, Inc. | 0.00% | Reduce -50.0% | 2 | $266 |
| Arax Advisory Partners | 0.00% | Reduce -99.1% | 2 | $266 |
| Godfrey Financial Associates, Inc. | 0.00% | — | 1 | $133 |
| Harbour Investments, Inc. | 0.00% | No change | 1 | $133 |
| TFC Financial Management, Inc. | 0.00% | No change | 1 | $133 |
"% of holder's portfolio" is NNI's weight in each manager's 13F, not the share of Nelnet Inc. Class A the manager owns.