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

Latest Period

Q1 2026

Institutions Reporting

218

Shares (Excl. Options)

11,653,431

Price

$128.96

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Security identity
Issuer context
Shares outstanding
31,861,000
Reported price per share
$141.36
Price from insider filings
$141.36
Latest holder snapshot
Portfolio coverage rank
0%
Share change
+24,423
Value change
+$1,386,942
Number of holders
218
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Key facts

  • NNI - NELNET INC - Class A Common Stock is tracked under CUSIP 64031N108.
  • 218 institutions reported positions in Q1 2026.
  • 5 significant owners is listed from Schedule 13D/13G reporting.

Change

  • Holder count moved from 221 to 218 between Q4 2025 and Q1 2026.
  • Reported value moved from $1,545,046,284 to $1,501,947,553.

Research use

  • 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.

Evidence

Source: SEC Form 13F

Latest holder context comes from 218 institutions filings for Q1 2026.

Open SEC Evidence

Security key

64031N108

Latest holder period

Q1 2026

13F holders

218

13D/G owners

5

CIK / CUSIP context first

13D/G owners

Significant owners

Large-stake holder rows connected to Schedule 13D/G evidence.

Rows
5
Security
NNI
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
Whitetail Rock Capital Management, LLC 22% $881,925,224 6,881,976 Whitetail Rock Capital Management, LLC 31 Mar 2026
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 Mar 2026, 218 institutional investors reported holding 11,653,431 shares of NELNET INC - Class A Common Stock (NNI). This represents 37% of the company’s total 31,861,000 outstanding shares.

13F concentration

Top 25 institutional shareholders

Largest 13F positions for this security by reported shares and value.

Top holder share
32%
Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
DIMENSIONAL FUND ADVISORS LP 5.8% 1,847,699 -0.07% 0.05% $238,280,956
MAGNOLIA GROUP, LLC 5.2% 1,668,976 0% 40% $215,231,145
FARMERS & MERCHANTS INVESTMENTS INC 3.7% 1,184,351 0% 4.2% $152,733,905
BlackRock, Inc. 3.1% 978,034 +5.7% 0% $126,127,288
VANGUARD PORTFOLIO MANAGEMENT LLC 2.1% 679,395 0% 0% $87,614,779
VANGUARD CAPITAL MANAGEMENT LLC 1.8% 577,940 0% 0% $74,531,142
GEODE CAPITAL MANAGEMENT, LLC 1.1% 346,688 +10% 0% $44,717,227
AMERICAN CENTURY COMPANIES INC 1.1% 335,702 +27% 0.02% $43,292,169
STATE STREET CORP 0.99% 314,978 +5.6% 0% $40,619,563
GENERAL AMERICAN INVESTORS CO INC 0.73% 234,026 -3.9% 2% $30,179,993
QVT Financial LP 0.73% 231,414 +0.76% 2.4% $29,843,149
Empyrean Capital Partners, LP 0.73% 231,000 0% 0.99% $29,789,760
Bragg Financial Advisors, Inc 0.71% 226,782 +6.7% 0.93% $29,245,807
NORTHERN TRUST CORP 0.54% 173,405 +7.8% 0% $22,362,309
CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.51% 162,092 +4.7% 0% $20,903,384
JPMORGAN CHASE & CO 0.42% 133,935 -26% 0% $17,289,669
Qube Research & Technologies Ltd 0.34% 108,750 +42% 0.02% $14,024,400
BAR HARBOR WEALTH MANAGEMENT 0.34% 108,708 -1.4% 0.82% $14,018,984
Sycale Advisors (NY) LLC 0.32% 100,479 -34% 6.5% $12,957,772
VANGUARD FIDUCIARY TRUST CO 0.28% 88,487 0% 0% $11,411,284
UBS Group AG 0.26% 82,533 -38% 0% $10,643,456
Bank of New York Mellon Corp 0.26% 81,435 +8.3% 0% $10,501,819
MORGAN STANLEY 0.24% 77,185 +16% 0% $9,953,864
JANE STREET GROUP, LLC 0.22% 69,556 -0.22% 0.01% $8,969,941
AQR CAPITAL MANAGEMENT LLC 0.21% 67,392 +176% 0% $8,690,870

Quarter history

Institutional holders across reporting periods

Holder count, reported shares/value, and median price by quarter.

Periods
49
Latest
Q1 2026
Rows shown
1-25 of 49
Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2026 Q1 11,653,431 $1,501,947,553 +$1,386,942 $128.96 218
2025 Q4 11,620,353 $1,545,046,284 -$35,293,487 $132.96 221
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
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