Nelnet Ownership | Who Owns Nelnet?

Nelnet Ownership Summary

Nelnet is owned by 32.87% institutional investors, 44.17% insiders, and 22.96% retail investors. Dimensional fund advisors lp is the largest institutional shareholder, holding 5.48% of NNI shares. DFA US Small Cap Value I is the top mutual fund, with 1.68% of its assets in Nelnet shares.

NNI Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Nelnet	32.87%	44.17%	22.96%
Sector	Financial Services Stocks	51.64%	15.54%	32.82%
Industry	Credit Services Stocks	53.72%	9.31%	36.97%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Dimensional fund advisors lp	2.00M	5.48%	$213.40M
Magnolia group	1.67M	4.57%	$202.15M
Vanguard group	1.35M	3.70%	$143.95M
Farmers & merchants investments	1.20M	3.30%	$145.62M
Blackrock	1.14M	3.06%	$114.80M
Blackrock funding, inc. /de	1.11M	3.03%	$133.92M
State street	380.43K	1.02%	$38.37M
Geode capital management	361.55K	0.99%	$38.63M
Madison avenue partners, lp	290.21K	0.80%	$31.00M
Sycale advisors (ny)	258.04K	0.71%	$27.56M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Magnolia group	1.67M	31.08%	$202.15M
Sycale advisors (ny)	258.04K	7.14%	$27.56M
Bandera partners	102.39K	5.59%	$12.40M
Farmers & merchants investments	1.20M	4.25%	$145.62M
Guardian wealth management	47.72K	3.85%	$5.78M
Madison avenue partners, lp	290.21K	3.28%	$31.00M
Qvt financial lp	229.66K	2.48%	$27.82M
Western standard	36.31K	2.45%	$4.40M
Massachusetts institute of	197.21K	2.40%	$23.89M
Lawson kroeker investment management inc/ne	102.96K	2.07%	$11.00M

Top Buyers

Holder	Shares	% Assets	Change
Massachusetts institute of	197.21K	2.40%	197.21K
Bragg financial advisors	103.01K	0.45%	103.01K
Vanguard group	1.35M	0.00%	99.89K
Blackrock	1.14M	0.00%	87.83K
Ubs group	86.30K	0.00%	67.61K

Top Sellers

Holder	Shares	% Assets	Change
Magnolia group	1.67M	31.08%	-231.02K
Empyrean capital partners, lp	-	-	-215.00K
Blackrock funding, inc. /de	1.11M	0.00%	-42.38K
Dimensional fund advisors lp	2.00M	0.05%	-35.23K
Deutsche bank ag\	12.64K	0.00%	-33.64K

New Positions

Holder	Shares	% Assets	Change	Value
Massachusetts institute of	197.21K	2.40%	197.21K	$23.89M
Bragg financial advisors	103.01K	0.45%	103.01K	$12.48M
Arrowstreet capital, limited partnership	6.08K	0.00%	6.08K	$736.77K
Readystate asset management lp	5.83K	0.02%	5.83K	$705.89K
Hrt financial lp	5.66K	0.00%	5.66K	$685.00K

Sold Out

Holder	Change
Tfo-tdc	-1.00
Nelson, van denburg & campbell wealth management group	-2.00
Claris advisors, llc / mo /	-2.00
Corecap advisors	-3.00
Rothschild investment	-5.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Jun 30, 2025	189	5.00%	11,992,304	-0.62%	32	3.00%	92	4.55%	58	9.43%
Mar 31, 2025	179	8.48%	12,067,339	0.89%	33	3.07%	89	9.88%	52	8.33%
Dec 31, 2024	163	3.16%	11,952,192	1.06%	32	3.11%	79	8.22%	47	4.44%
Sep 30, 2024	158	-1.86%	11,826,719	0.70%	32	3.14%	73	-12.05%	45	-6.25%
Jun 30, 2024	158	2.60%	11,740,393	-2.77%	31	2.99%	81	22.73%	47	-21.67%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
DFA US Small Cap Value I	610.41K	1.68%	-87.00
Vanguard Total Stock Mkt Idx Inv	445.51K	1.23%	-9.39K
Vanguard Small Cap Index	342.90K	0.95%	-2.22K
Vanguard US Total Market Shares ETF	343.02K	0.95%	89.48K
iShares Russell 2000 ETF	335.05K	0.93%	-6.41K
DFA US Targeted Value I	236.09K	0.65%	-7.22K
Vanguard Small Cap Value Index Inv	220.53K	0.61%	182.00
DFA US Small Cap I	220.25K	0.61%	-
Vanguard Institutional Extnd Mkt Idx Tr	187.03K	0.52%	-81.29K
Dimensional US Targeted Value ETF	171.86K	0.47%	-

Recent Insider Transactions

Date	Name	Role	Activity	Value
Sep 05, 2025	HENNING THOMAS EDWARD	-	Sell	$656.46K
Sep 05, 2025	HENNING THOMAS EDWARD	-	Sell	$399.75K
Aug 25, 2025	Butterfield Shelby J	Former 10% Owner	Sell	$5.00M
Nov 15, 2024	Van Deun Jona M	-	Sell	$48.54K
Nov 13, 2024	Munn William J	Secy/Chief Legal Off/Gen Coun	Sell	$272.23K

Insider Transactions Trends

Date	Buy	Sell
2025 Q3	-	1
2025 Q2	-	-
2025 Q1	-	-
2024 Q4	-	2
2024 Q3	-	-

NNI Ownership FAQ

Who Owns Nelnet?

Nelnet shareholders are primarily institutional investors at 32.87%, followed by 44.17% insiders and 22.96% retail investors. The average institutional ownership in Nelnet's industry, Credit Services Stocks, is 53.72%, which Nelnet falls below.

Who owns the most shares of Nelnet?

Nelnet’s largest shareholders are Dimensional fund advisors lp (2M shares, 5.48%), Magnolia group (1.67M shares, 4.57%), and Vanguard group (1.35M shares, 3.70%). Together, they hold 13.76% of Nelnet’s total shares outstanding.

Does Blackrock own Nelnet?

Yes, BlackRock owns 3.06% of Nelnet, totaling 1.14M shares as of Jun 2024. This represents 0.00% of BlackRock's total assets, with a market value of 114.8M$. In the last quarter, BlackRock increased its holdings by 87.83K shares, a 8.36% change.

Who is Nelnet’s biggest shareholder by percentage of total assets invested?

Magnolia group is Nelnet’s biggest shareholder by percentage of total assets invested, with 31.08% of its assets in 1.67M Nelnet shares, valued at 202.15M$.

Who is the top mutual fund holder of Nelnet shares?

DFA US Small Cap Value I is the top mutual fund holder of Nelnet shares, with 1.68% of its total shares outstanding invested in 610.41K Nelnet shares.

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