Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in NNI held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | DIMENSIONAL FUND ADVISORS LP | 1.8M | $238.3M | -0.1% | 5.142% | 0.05% |
| 2 | MAGNOLIA GROUP, LLC | 1.7M | $215.2M | 0.0% | 4.645% | 40.04% |
| 3 | FARMERS & MERCHANTS INVESTMENTS INC | 1.2M | $152.7M | 0.0% | 3.296% | 4.21% |
| 4 | BlackRock, Inc. | 978K | $126.1M | +5.7% | 2.722% | 0.00% |
| 5 | VANGUARD PORTFOLIO MANAGEMENT LLC | 679K | $87.6M | — | 1.891% | 0.00% |
| 6 | VANGUARD CAPITAL MANAGEMENT LLC | 578K | $74.5M | — | 1.608% | 0.00% |
| 7 | GEODE CAPITAL MANAGEMENT, LLC | 347K | $44.7M | +10.1% | 0.965% | 0.00% |
| 8 | AMERICAN CENTURY COMPANIES INC | 336K | $43.3M | +27.0% | 0.934% | 0.02% |
| 9 | STATE STREET CORP | 315K | $40.6M | +5.6% | 0.877% | 0.00% |
| 10 | GENERAL AMERICAN INVESTORS CO INC | 234K | $30.2M | -3.9% | 0.651% | 1.98% |
| 11 | QVT Financial LP | 231K | $29.8M | +0.8% | 0.644% | 2.24% |
| 12 | Empyrean Capital Partners, LP | 231K | $29.8M | 0.0% | 0.643% | 0.99% |
| 13 | Bragg Financial Advisors, Inc | 227K | $29.2M | +6.7% | 0.631% | 0.93% |
| 14 | NORTHERN TRUST CORP | 173K | $22.4M | +7.8% | 0.483% | 0.00% |
| 15 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 162K | $20.9M | +4.7% | 0.451% | 0.00% |
| 16 | Qube Research & Technologies Ltd | 109K | $14.0M | +41.6% | 0.303% | 0.02% |
| 17 | CHARTER TRUST CO | 109K | $14.0M | -1.4% | 0.302% | 0.82% |
| 18 | Sycale Advisors (NY) LLC | 100K | $13.0M | -34.1% | 0.280% | 6.49% |
| 19 | VANGUARD FIDUCIARY TRUST CO | 88K | $11.4M | — | 0.246% | 0.00% |
| 20 | UBS Group AG | 83K | $10.6M | -37.7% | 0.230% | 0.00% |
| 21 | Bank of New York Mellon Corp | 81K | $10.5M | +8.3% | 0.227% | 0.00% |
| 22 | MORGAN STANLEY | 77K | $10.0M | +15.6% | 0.215% | 0.00% |
| 23 | JANE STREET GROUP, LLC | 70K | $9.0M | -0.2% | 0.194% | 0.08% |
| 24 | AQR CAPITAL MANAGEMENT LLC | 67K | $8.7M | +175.6% | 0.188% | 0.00% |
| 25 | LAWSON KROEKER INVESTMENT MANAGEMENT INC/NE | 66K | $8.6M | +0.5% | 0.185% | 2.50% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in NNI — a direct measure of their conviction.
Filings activity in NNI during Q1 2026, grouped by how each filer changed its position.
8 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 215 | 0.5% | 31.59% | 1.11 pp | $1.48B | 3.4% |
| Q4 2025 | 216 | +8.5% | 32.70% | +1.00 pp | $1.53B | +3.2% |
| Q3 2025 | 199 | +4.2% | 31.70% | +0.99 pp | $1.48B | +3.2% |
| Q2 2025 | 191 | +9.1% | 30.71% | +2.44 pp | $1.44B | +8.6% |
| Q1 2025 | 175 | +7.4% | 28.27% | +1.34 pp | $1.32B | +5.0% |
| Q4 2024 | 163 | +2.5% | 26.93% | 1.36 pp | $1.26B | 4.8% |
| Q3 2024 | 159 | +0.0% | 28.29% | +3.21 pp | $1.32B | +13% |
| Q2 2024 | 159 | — | 25.08% | — | $1.17B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying NNI stock.
Based on Q1 2026 13F filings, institutional ownership of Nelnet, Inc. stands at 31.6%, held across 215 reporting institutions.
DIMENSIONAL FUND ADVISORS LP is the largest reported institutional holder of NNI, with approximately 1,847,699 shares worth $0.24B as of Q1 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of NNI, including JANE STREET GROUP, LLC.
Our composite Smart Money Score for NNI is 35 out of 100 (Bearish). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
34 institutions opened new positions in NNI during Q1 2026, while 35 fully exited. 75 added to existing positions and 105 trimmed.
NNI institutional ownership fell by 1.11 percentage points quarter-over-quarter, with a net change of -1 holders.
The top 10 institutions account for 71.2% of all reported 13F value in NNI, and the top 25 account for 87.6%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.
Nelnet, Inc. (NNI) Institutional Ownership