Nelnet
128 hedge funds and large institutions have $876M invested in Nelnet in 2015 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 56 increasing their positions, 53 reducing their positions, and 13 closing their positions.
6% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 53
2.55% less ownership
Funds ownership: 61.09% → 58.55% (-2.5%)
4% less funds holding
Funds holding: 133 → 128 (-5)
12% less capital invested
Capital invested by funds: $1B → $876M (-$125M)
25% less funds holding in top 10
Funds holding in top 10: 4 → 3 (-1)
31% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 13
63% less call options, than puts
Call options by funds: $498K | Put options by funds: $1.34M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Huber Capital Management
El Segundo,
California
|
+$5.35M |
| 2 |
Ameriprise
Minneapolis,
Minnesota
|
+$4.5M |
| 3 |
Alyeska Investment Group
Chicago,
Illinois
|
+$2.71M |
| 4 |
Millennium Management
New York
|
+$2.68M |
| 5 |
TCIM
TIAA CREF Investment Management
New York
|
+$2.45M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
-$16.3M |
| 2 |
CCMLC
Cardinal Capital Management LLC (Connecticut)
Greenwich,
Connecticut
|
-$8.54M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$6.29M |
| 4 |
NI
Numeric Investors
Boston,
Massachusetts
|
-$4.67M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$4.11M |
NNI Hedge Fund Activity: Q2 2015 in Review
128 of the 3,712 institutional investors tracked by Wall St. Rank reported a position in Nelnet (NNI) for Q2 2015, worth a combined $876M — down 12% from $1B a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of NNI and 9 opened new positions — a net loss of 4 holders — while 53 trimmed existing stakes and 56 added.
The largest buyer was Huber Capital Management, adding an estimated $5.35M. The largest seller was Philadelphia Financial Management of San Francisco, cutting an estimated $16.3M.
- 128 institutional investors held Nelnet (NNI) as of Q2 2015, down from 133 in Q1 2015.
- Funds reported $876M of Nelnet stock for Q2 2015, down 12% quarter-over-quarter.
- 9 funds opened new Nelnet positions in Q2 2015 and 13 closed out, a net change of -4 holders.
- The largest Nelnet buyer in Q2 2015 was Huber Capital Management, an estimated $5.35M added.
- The largest Nelnet seller in Q2 2015 was Philadelphia Financial Management of San Francisco, an estimated $16.3M sold.
Based on aggregated 13F filings for Q2 2015.