Shell Asset Management’s Nelnet NNI Stock Holding History

Shell Asset Management’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
2025 Q3	$72K	Sell	572 -873	-60%	-$109K	0.01%	755
2025 Q2	$175K	Sell	1,445 -329	-19%	-$36.7K	0.01%	812
2025 Q1	$197K	Sell	1,774 -76	-4%	-$8.51K	0.01%	801
2024 Q4	$198K	Sell	1,850 -7	-0.4%	-$774	0.01%	839
2024 Q3	$210K	Buy	+1,857	New	+$204K	0.01%	810
2024 Q1	$198K	Sell	1,964 -200	-9%	-$17.6K	0.01%	822
2023 Q4	$191K	Sell	2,164 -646	-23%	-$55.9K	0.01%	874
2023 Q3	$251K	Sell	2,810 -44	-2%	-$4.15K	0.01%	819
2023 Q2	$275K	Sell	2,854 -2,748	-49%	-$261K	0.01%	817
2023 Q1	$515K	Sell	5,602 -20	-0.4%	-$1.85K	0.02%	548
2022 Q4	$510K	Sell	5,622 -1,037	-16%	-$94K	0.02%	528
2022 Q3	$527K	Sell	6,659 -1,686	-20%	-$147K	0.02%	551
2022 Q2	$711K	Buy	8,345 +48	+0.6%	+$3.99K	0.02%	532
2022 Q1	$705K	Sell	8,297 -1,233	-13%	-$106K	0.02%	639
2021 Q4	$931K	Buy	9,530 +32	+0.3%	+$2.83K	0.02%	582
2021 Q3	$753K	Sell	9,498 -350	-4%	-$27.1K	0.02%	647
2021 Q2	$741K	Buy	9,848 +550	+6%	+$41.3K	0.01%	711
2021 Q1	$676K	Sell	9,298 -70	-0.7%	-$5.07K	0.01%	718
2020 Q4	$667K	Hold	9,368	–	–	0.01%	658
2020 Q3	$564K	Hold	9,368	–	–	0.01%	624
2020 Q2	$447K	Sell	9,368 -54	-0.6%	-$2.53K	0.01%	709
2020 Q1	$428K	Sell	9,422 -150	-2%	-$8.08K	0.01%	730
2019 Q4	$557K	Sell	9,572 -7,557	-44%	-$463K	0.01%	837
2019 Q3	$1.09M	Sell	17,129 -133	-0.8%	-$8.53K	0.02%	503
2019 Q2	$1.02M	Sell	17,262 -13,601	-44%	-$798K	0.02%	547
2019 Q1	$1.7M	Hold	30,863	–	–	0.04%	376
2018 Q4	$1.61M	Sell	30,863 -2,600	-8%	-$140K	0.04%	370
2018 Q3	$1.91M	Sell	33,463 -9,642	-22%	-$564K	0.04%	398
2018 Q2	$2.52M	Sell	43,105 -2,329	-5%	-$135K	0.05%	354
2018 Q1	$2.38M	Hold	45,434	–	–	0.05%	360
2017 Q4	$2.49M	Hold	45,434	–	–	0.05%	362
2017 Q3	$2.29M	Sell	45,434 -1,200	-3%	-$57.5K	0.05%	345
2017 Q2	$2.19M	Hold	46,634	–	–	0.05%	363
2017 Q1	$2.04M	Sell	46,634 -3,263	-7%	-$156K	0.04%	365
2016 Q4	$2.53M	Sell	49,897 -414	-0.8%	-$19.1K	0.06%	332
2016 Q3	$2.03M	Sell	50,311 -32,846	-39%	-$1.22M	0.04%	408
2016 Q2	$2.89M	Sell	83,157 -4,747	-5%	-$177K	0.07%	295
2016 Q1	$3.46M	Sell	87,904 -5,273	-6%	-$184K	0.08%	241
2015 Q4	$3.13M	Sell	93,177 -5,770	-6%	-$193K	0.07%	259
2015 Q3	$4.26M	Buy	98,947 +4,558	+5%	+$180K	0.07%	253
2015 Q2	$4.09M	Sell	94,389 -4,259	-4%	-$187K	0.08%	249
2015 Q1	$4.67M	Sell	98,648 -299	-0.3%	-$13.8K	0.08%	243
2014 Q4	$4.58M	Hold	98,947	–	–	0.07%	260
2014 Q3	$4.26M	Buy	98,947 +9,126	+10%	+$392K	0.07%	262
2014 Q2	$3.72M	Sell	89,821 -1,047	-1%	-$42.9K	0.06%	298
2014 Q1	$3.72M	Sell	90,868 -378	-0.4%	-$14.9K	0.06%	280
2013 Q4	$3.85M	Buy	91,246 +14,780	+19%	+$623K	0.07%	280
2013 Q3	$2.94M	Hold	76,466	–	–	0.05%	370
2013 Q2	$2.76M	Buy	+76,466	New	+$2.74M	0.05%	368

Other funds holding NNI

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

Magnolia Group Omaha, Nebraska $538M AUM 5.13% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

FMII

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

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

GAI

General American Investors New York $1.52B AUM 37.94% 1-Year Est. Return

ECP

Empyrean Capital Partners Los Angeles, California $3.07B AUM 34.24% 1-Year Est. Return

QVT Financial New York $1.37B AUM 148.1% 1-Year Est. Return

Shell Asset Management's NNI Position: Q3 2025 in Review

Shell Asset Management reduced its Nelnet (NNI) stake by 60% in Q3 2025, selling an estimated $109K and leaving 572 shares worth $72K. The position accounts for 0.01% of the portfolio, ranked #755.

Shell Asset Management first reported a position in NNI in Q2 2013 and has held it in 49 quarters since. The position peaked at $4.67M in Q1 2015. 204 funds tracked by Wall St. Rank hold NNI as of Q3 2025.

Shell Asset Management held 572 shares of Nelnet worth $72K as of Q3 2025.
Shell Asset Management sold 873 Nelnet shares in Q3 2025, an estimated $109K.
Nelnet made up 0.01% of Shell Asset Management's portfolio in Q3 2025, its #755 holding.
Shell Asset Management first reported a position in Nelnet in Q2 2013 and has held it in 49 quarters since.
Shell Asset Management's Nelnet position peaked at $4.67M in Q1 2015.
204 funds tracked by Wall St. Rank held Nelnet as of Q3 2025.

Based on Shell Asset Management's 13F filing for Q3 2025, filed 7 Nov 2025.