State Board of Administration of Florida Retirement System
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State Board of Administration of Florida Retirement System’s Nelnet NNI Stock Holding History

State Board of Administration of Florida Retirement System’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
Q2 		– Sell
-2,865
Closed -$318K – 2184
2025
Q1 		$318K Hold
2,865
– – ﹤0.01% 1692
2024
Q4 		$306K Buy
+2,865
New +$317K ﹤0.01% 1757
2024
Q1 		– Sell
-4,160
Closed -$367K – 2345
2023
Q4 		$367K Hold
4,160
– – ﹤0.01% 1768
2023
Q3 		$372K Buy
4,160
+20
+0.5% +$1.89K ﹤0.01% 1714
2023
Q2 		$399K Buy
+4,140
New +$393K ﹤0.01% 1704
2019
Q2 		– Sell
-6,898
Closed -$380K – 2324
2019
Q1 		$380K Sell
6,898
-720
-9% -$38.7K ﹤0.01% 1891
2018
Q4 		$399K Sell
7,618
-388
-5% -$20.9K ﹤0.01% 1839
2018
Q3 		$458K Hold
8,006
– – ﹤0.01% 1915
2018
Q2 		$468K Hold
8,006
– – ﹤0.01% 1915
2018
Q1 		$420K Buy
8,006
+409
+5% +$21.7K ﹤0.01% 1913
2017
Q4 		$416K Buy
7,597
+110
+1% +$5.95K ﹤0.01% 1948
2017
Q3 		$378K Hold
7,487
– – ﹤0.01% 2001
2017
Q2 		$352K Hold
7,487
– – ﹤0.01% 2041
2017
Q1 		$328K Sell
7,487
-6,040
-45% -$288K ﹤0.01% 2029
2016
Q4 		$686K Hold
13,527
– – ﹤0.01% 1678
2016
Q3 		$546K Hold
13,527
– – ﹤0.01% 1790
2016
Q2 		$470K Sell
13,527
-1,285
-9% -$48K ﹤0.01% 1824
2016
Q1 		$583K Sell
14,812
-7,490
-34% -$262K ﹤0.01% 1711
2015
Q4 		$749K Hold
22,302
– – ﹤0.01% 1638
2015
Q3 		$772K Hold
22,302
– – ﹤0.01% 1613
2015
Q2 		$966K Hold
22,302
– – ﹤0.01% 1574
2015
Q1 		$1.05M Hold
22,302
– – ﹤0.01% 1528
2014
Q4 		$1.03M Hold
22,302
– – ﹤0.01% 1575
2014
Q3 		$961K Hold
22,302
– – ﹤0.01% 1586
2014
Q2 		$924K Hold
22,302
– – ﹤0.01% 1677
2014
Q1 		$912K Sell
22,302
-1,039
-4% -$41K ﹤0.01% 1650
2013
Q4 		$984K Buy
23,341
+102
+0.4% +$4.3K ﹤0.01% 1609
2013
Q3 		$894K Sell
23,239
-1,052
-4% -$40.6K ﹤0.01% 1638
2013
Q2 		$877K Buy
+24,291
New +$869K ﹤0.01% 1621

Other funds holding NNI

Dimensional Fund Advisors
Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return
MG
Magnolia Group Omaha, Nebraska $538M AUM 5.13% 1-Year Est. Return
Vanguard Group
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
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return
GAI
General American Investors New York $1.69B AUM 40.94% 1-Year Est. Return
QF
QVT Financial New York $1.37B AUM 148.1% 1-Year Est. Return
Northern Trust
Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

State Board of Administration of Florida Retirement System's NNI Position: Q2 2025 in Review

State Board of Administration of Florida Retirement System sold out of Nelnet (NNI) in Q2 2025, closing a stake of 2,865 shares — an estimated $318K sold.

State Board of Administration of Florida Retirement System first reported a position in NNI in Q2 2013 and held it in 29 quarters. The position peaked at $1.05M in Q1 2015. 191 funds tracked by Wall St. Rank hold NNI as of Q2 2025.

  • State Board of Administration of Florida Retirement System reported no remaining Nelnet position as of Q2 2025 after selling out during the quarter.
  • State Board of Administration of Florida Retirement System sold 2,865 Nelnet shares in Q2 2025, an estimated $318K.
  • State Board of Administration of Florida Retirement System first reported a position in Nelnet in Q2 2013 and held it in 29 quarters.
  • State Board of Administration of Florida Retirement System's Nelnet position peaked at $1.05M in Q1 2015.
  • 191 funds tracked by Wall St. Rank held Nelnet as of Q2 2025.

Based on State Board of Administration of Florida Retirement System's 13F filing for Q2 2025, filed 13 Aug 2025.