Latest Period
Q4 2025
Security Snapshot
NELNET INC - Class A Common Stock (NNI) Institutional Ownership
CUSIP: 64031N108
13F Institutional Holders and Ownership History from Q1 2014 to Q1 2026
Institutions Reporting
220
Shares (Excl. Options)
11,620,332
Price
$132.96
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- Type / Class
- Equity / Class A Common Stock
- Symbol
- NNI on NYSE
- Shares outstanding
- 25,877,901
- Price per share
- $128.15
- All holders as of 31 Dec 2025
- Q4 2025
- Total 13F shares
- 11,620,332
- Total reported value
- $1,545,043,492
- % of total 13F portfolios
- 0%
- Share change
- -269,598
- Value change
- -$35,293,753
- Number of holders
- 220
- Price from insider filings
- $128.15
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors
Quick Takeaways
- NNI - NELNET INC - Class A Common Stock is tracked under CUSIP 64031N108.
- 220 institutions reported positions in Q4 2025.
- 4 significant owners is listed from Schedule 13D/13G reporting.
What Changed
- Holder count moved from 220 to 67 between Q4 2025 and Q1 2026.
- Reported value moved from $1,545,043,492 to $475,204,498.
Why This Matters
- You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
- 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.
Source Evidence
Source: SEC Form 13F
Open SEC Evidence
Latest holder context comes from 220 institutions filings for Q4 2025.
Investment Quick Answers
What is CUSIP 64031N108?
CUSIP 64031N108 identifies NNI - NELNET INC - Class A Common Stock in SEC 13F datasets.
Where can I see the latest institutional holders?
Review the Q4 2025 holders report and the ownership history table below.
Next ownership checks
Use the next link that matches the question you still need to answer about this security.
- Latest 13F filings when you want to inspect fresh institutional portfolio moves.
- Latest Schedule 13D/13G reports when you need large-owner changes outside the 13F cycle.
- All institutional ownership pages to compare this security with other holder-history pages.
Recent Quarterly Holder Reports
Open recent reporting periods for CUSIP 64031N108:
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, 220 institutional investors reported holding 11,620,332 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 |
|---|---|---|---|---|---|
| 2026 Q1 | 3,692,410 | $475,204,498 | -$12,221,578 | $128.96 | 67 |
| 2025 Q4 | 11,620,332 | $1,545,043,492 | -$35,293,753 | $132.96 | 220 |
| 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 |