Nelnet Ownership | Who Owns Nelnet?

Nelnet Ownership Summary

Nelnet is owned by 15.33% institutional investors, 44.45% insiders, and 40.22% retail investors. Dimensional fund advisors lp is the largest institutional shareholder, holding 5.17% of NNI shares. DFA US Small Cap Value I is the top mutual fund, with 1.63% of its assets in Nelnet shares.

NNI Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Nelnet	15.33%	44.45%	40.22%
Sector	Financial Services Stocks	36.95%	15.48%	47.58%
Industry	Credit Services Stocks	45.07%	10.14%	44.79%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Dimensional fund advisors lp	1.89M	5.17%	$236.56M
Magnolia group	1.67M	4.57%	$209.26M
Vanguard group	1.55M	4.24%	$193.84M
Farmers & merchants investments	1.18M	3.24%	$148.37M
Blackrock	1.14M	3.06%	$114.80M
Blackrock funding, inc. /de	999.67K	2.74%	$125.34M
Geode capital management	337.42K	0.92%	$42.31M
State street	323.66K	0.89%	$40.58M
General american investors	243.41K	0.67%	$30.52M
Empyrean capital partners, lp	231.00K	0.63%	$28.96M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Magnolia group	1.67M	33.17%	$209.26M
Bandera partners	102.39K	5.63%	$12.84M
Farmers & merchants investments	1.18M	4.21%	$148.37M
Guardian wealth management	49.50K	3.67%	$6.21M
Sycale advisors (ny)	147.36K	3.46%	$18.48M
Lawson kroeker investment management inc/ne	100.92K	2.31%	$12.65M
Qvt financial lp	229.66K	2.03%	$28.80M
General american investors	243.41K	1.77%	$30.52M
Empyrean capital partners, lp	231.00K	1.16%	$28.96M
Bragg financial advisors	206.00K	0.85%	$25.83M

Top Buyers

Holder	Shares	% Assets	Change
Empyrean capital partners, lp	231.00K	1.16%	231.00K
Bragg financial advisors	206.00K	0.85%	102.99K
Blackrock	1.14M	0.00%	87.83K
Ubs group	191.83K	0.00%	76.53K
American century companies	184.32K	0.01%	41.30K

Top Sellers

Holder	Shares	% Assets	Change
Massachusetts institute of	-	-	-197.21K
Madison avenue partners, lp	31.54K	0.24%	-112.68K
Blackrock funding, inc. /de	999.67K	0.00%	-105.98K
Geode capital management	337.42K	0.00%	-46.43K
Dimensional fund advisors lp	1.89M	0.05%	-41.22K

New Positions

Holder	Shares	% Assets	Change	Value
Empyrean capital partners, lp	231.00K	1.16%	231.00K	$28.96M
Pilgrim partners asia pte	12.00K	0.67%	12.00K	$1.50M
Man group	9.29K	0.00%	9.29K	$1.16M
Wedge capital management l l p/nc	8.66K	0.02%	8.66K	$1.09M
Two sigma investments, lp	7.30K	0.00%	7.30K	$915.27K

Sold Out

Holder	Change
Tfo-tdc	-1.00
Northwestern mutual wealth management	-2.00
Nelson, van denburg & campbell wealth management group	-2.00
Claris advisors, llc / mo /	-2.00
Twin peaks wealth advisors	-2.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Sep 30, 2025	81	-55.49%	5,594,766	-52.24%	15	1.49%	32	-64.04%	22	-59.26%
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%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
DFA US Small Cap Value I	589.81K	1.63%	-20.59K
Vanguard Total Stock Mkt Idx Inv	445.51K	1.23%	-9.39K
Vanguard Small Cap Index	342.90K	0.95%	-2.22K
iShares Russell 2000 ETF	342.43K	0.95%	-
Vanguard US Total Market Shares ETF	343.02K	0.95%	89.48K
DFA US Targeted Value I	236.09K	0.65%	-
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	172.02K	0.48%	-

Recent Insider Transactions

Date	Name	Role	Activity	Value
Dec 09, 2025	Van Deun Jona M	-	Sell	$51.58K
Sep 05, 2025	HENNING THOMAS EDWARD	-	Sell	$399.75K
Sep 05, 2025	HENNING THOMAS EDWARD	-	Sell	$656.46K
Aug 25, 2025	Butterfield Shelby J	Former 10% Owner	Sell	$5.00M
Nov 15, 2024	Van Deun Jona M	-	Sell	$48.54K

Insider Transactions Trends

Date	Buy	Sell
2025 Q4	-	1
2025 Q3	-	3
2025 Q2	-	-
2025 Q1	-	-
2024 Q4	-	2

NNI Ownership FAQ

Who Owns Nelnet?

Nelnet shareholders are primarily institutional investors at 15.33%, followed by 44.45% insiders and 40.22% retail investors. The average institutional ownership in Nelnet's industry, Credit Services Stocks, is 45.07%, which Nelnet falls below.

Who owns the most shares of Nelnet?

Nelnet’s largest shareholders are Dimensional fund advisors lp (1.89M shares, 5.17%), Magnolia group (1.67M shares, 4.57%), and Vanguard group (1.55M shares, 4.24%). Together, they hold 13.98% 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 33.17% of its assets in 1.67M Nelnet shares, valued at 209.26M$.

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 1.63% of its total shares outstanding invested in 589.81K Nelnet shares.

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