Bandera Partners’s Nelnet NNI Stock Holding History

Bandera Partners’s Portfolio NNI Stock Details NNI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$6.08M	Hold	47,159	–	–	2.14%	14
2026 Q1	$6.08M	Sell	47,159 -55,230	-54%	-$7.26M	2.75%	13
2025 Q4	$13.6M	Hold	102,389	–	–	6.12%	8
2025 Q3	$12.8M	Hold	102,389	–	–	5.63%	8
2025 Q2	$12.4M	Sell	102,389 -24,611	-19%	-$2.75M	5.59%	7
2025 Q1	$14.1M	Hold	127,000	–	–	5.07%	8
2024 Q4	$13.6M	Hold	127,000	–	–	5.16%	9
2024 Q3	$14.4M	Hold	127,000	–	–	5.43%	7
2024 Q2	$12.8M	Hold	127,000	–	–	4.64%	9
2024 Q1	$12M	Buy	127,000 +6,417	+5%	+$564K	4.68%	8
2023 Q4	$10.6M	Buy	120,583 +8,583	+8%	+$743K	3.52%	9
2023 Q3	$10M	Buy	112,000 +88,159	+370%	+$8.32M	3.61%	9
2023 Q2	$2.3M	Buy	+23,841	New	+$2.26M	0.98%	16

Other funds holding NNI

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

Magnolia Group Omaha, Nebraska $476M AUM 7.25% 1-Year Est. Return

FMII

Farmers & Merchants Investments Inc Lincoln, Nebraska $4.13B AUM 32.58% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Portfolio Management Malvern, Pennsylvania $2.22T AUM

Vanguard Capital Management Malvern, Pennsylvania $4.68T AUM

American Century Companies Kansas City, Missouri $226B AUM 44.75% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

BFA

Bragg Financial Advisors Charlotte, North Carolina $3.74B AUM 39.87% 1-Year Est. Return

Bandera Partners's NNI Position: Q2 2026 in Review

Bandera Partners held its Nelnet (NNI) position steady in Q2 2026 at 47,159 shares worth $6.08M. The position accounts for 2.14% of the portfolio, ranked #14.

Bandera Partners first reported a position in NNI in Q2 2023 and has held it in 13 quarters since. The position peaked at $14.4M in Q3 2024. 213 funds tracked by Wall St. Rank hold NNI as of Q2 2026.

Bandera Partners held 47,159 shares of Nelnet worth $6.08M as of Q2 2026.
Bandera Partners left its Nelnet share count unchanged in Q2 2026.
Nelnet made up 2.14% of Bandera Partners's portfolio in Q2 2026, its #14 holding.
Bandera Partners first reported a position in Nelnet in Q2 2023 and has held it in 13 quarters since.
Bandera Partners's Nelnet position peaked at $14.4M in Q3 2024.
213 funds tracked by Wall St. Rank held Nelnet as of Q2 2026.

Based on Bandera Partners's 13F filing for Q2 2026, filed 12 Aug 2026.