Nelnet Ownership | Who Owns Nelnet?

Nelnet Ownership Summary

Nelnet is owned by 31.85% institutional investors, 30.54% insiders, and 37.61% retail investors. Dimensional fund advisors lp is the largest institutional shareholder, holding 5.08% of NNI shares. DFA US Small Cap Value I is the top mutual fund, with 1.50% of its assets in Nelnet shares.

NNI Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Nelnet	31.85%	30.54%	37.61%
Sector	Financial Services Stocks	37.05%	15.56%	47.39%
Industry	Credit Services Stocks	39.51%	11.11%	49.38%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Dimensional fund advisors lp	1.85M	5.08%	$238.28M
Magnolia group	1.67M	4.59%	$215.23M
Vanguard group	1.32M	3.63%	$175.18M
Farmers & merchants investments	1.18M	3.26%	$152.73M
Blackrock	1.14M	3.06%	$114.80M
Blackrock funding, inc. /de	978.03K	2.69%	$126.13M
Geode capital management	346.69K	0.95%	$44.72M
American century companies	335.70K	0.92%	$43.29M
State street	314.98K	0.87%	$40.62M
General american investors	234.03K	0.64%	$30.18M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Magnolia group	1.67M	40.04%	$215.23M
Sycale advisors (ny)	100.48K	6.46%	$12.96M
Farmers & merchants investments	1.18M	4.21%	$152.73M
Guardian wealth management	51.36K	3.61%	$6.62M
Bandera partners	47.16K	2.75%	$6.08M
Lawson kroeker investment management inc/ne	66.47K	2.50%	$8.57M
Qvt financial lp	231.41K	2.19%	$29.84M
General american investors	234.03K	1.98%	$30.18M
Crawford fund management	46.95K	1.17%	$6.06M
Empyrean capital partners, lp	231.00K	0.97%	$29.79M

Top Buyers

Holder	Shares	% Assets	Change
Vanguard fiduciary trust	88.49K	0.00%	88.49K
Blackrock	1.14M	0.00%	87.83K
American century companies	335.70K	0.02%	71.43K
Blackrock funding, inc. /de	978.03K	0.00%	52.96K
Aqr capital management	67.39K	0.00%	42.94K

Top Sellers

Holder	Shares	% Assets	Change
Vanguard group	1.32M	0.00%	-228.50K
Massachusetts institute of	-	-	-197.21K
Madison avenue partners, lp	31.54K	0.24%	-112.68K
Bandera partners	47.16K	2.75%	-55.23K
Sycale advisors (ny)	100.48K	6.46%	-51.96K

New Positions

Holder	Shares	% Assets	Change	Value
Vanguard fiduciary trust	88.49K	0.00%	88.49K	$11.41M
Franklin resources	37.96K	0.00%	37.96K	$4.90M
Tcg advisory services	20.34K	0.06%	20.34K	$2.62M
Vanguard asset management	11.73K	0.00%	11.73K	$1.51M
Exoduspoint capital management, lp	11.58K	0.01%	11.58K	$1.49M

Sold Out

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

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Mar 31, 2026	214	-2.28%	11,574,160	-0.40%	31	3.11%	113	10.78%	56	-23.29%
Dec 31, 2025	73	-64.04%	4,914,875	-58.66%	13	1.27%	31	-69.00%	18	-70.00%
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%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
DFA US Small Cap Value I	539.61K	1.50%	-
Vanguard Total Stock Mkt Idx Inv	400.48K	1.11%	4.47K
Vanguard US Total Market Shares ETF	343.02K	0.95%	89.48K
Avantis US Small Cap Value ETF	305.98K	0.85%	-
iShares Russell 2000 ETF	303.08K	0.84%	2.54K
Vanguard Small Cap Index	291.30K	0.81%	4.18K
General American Investors	243.41K	0.68%	-106.58K
DFA US Targeted Value I	236.09K	0.66%	-
DFA US Small Cap I	218.48K	0.61%	-
FPA Queens Road Small Cap Value Inv	213.04K	0.59%	12.45K

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
2026 Q2	-	-
2026 Q1	-	-
2025 Q4	-	1
2025 Q3	-	3
2025 Q2	-	-

NNI Ownership FAQ

Who Owns Nelnet?

Nelnet shareholders are primarily institutional investors at 31.85%, followed by 30.54% insiders and 37.61% retail investors. The average institutional ownership in Nelnet's industry, Credit Services Stocks, is 39.51%, which Nelnet falls below.

Who owns the most shares of Nelnet?

Nelnet’s largest shareholders are Dimensional fund advisors lp (1.85M shares, 5.08%), Magnolia group (1.67M shares, 4.59%), and Vanguard group (1.32M shares, 3.63%). Together, they hold 13.30% 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 40.04% of its assets in 1.67M Nelnet shares, valued at 215.23M$.

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 1.50% of its total shares outstanding invested in 539.61K Nelnet shares.

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