Nelnet
153 hedge funds and large institutions have $1.14B invested in Nelnet in 2024 Q1 according to their latest regulatory filings, with 23 funds opening new positions, 45 increasing their positions, 59 reducing their positions, and 27 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 6 → 8 (+2)
4% more capital invested
Capital invested by funds: $1.1B → $1.14B (+$44.3M)
0.92% less ownership
Funds ownership: 46.7% → 45.78% (-0.92%)
3% less funds holding
Funds holding: 157 → 153 (-4)
15% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 27
24% less repeat investments, than reductions
Existing positions increased: 45 | Existing positions reduced: 59
70% less call options, than puts
Call options by funds: $322K | Put options by funds: $1.09M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAP
Madison Avenue Partners
New York
|
+$25.5M |
| 2 |
LKIM
Lawson Kroeker Investment Management
Omaha,
Nebraska
|
+$8.94M |
| 3 |
D.E. Shaw & Co
New York
|
+$4.41M |
| 4 |
State Street
Boston,
Massachusetts
|
+$3.05M |
| 5 |
Voloridge Investment Management
Jupiter,
Florida
|
+$1.87M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$11.2M |
| 2 |
Morgan Stanley
New York
|
-$10.9M |
| 3 |
Millennium Management
New York
|
-$7.4M |
| 4 |
Boston Partners
Boston,
Massachusetts
|
-$7.2M |
| 5 |
BlackRock
New York
|
-$7.18M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PMEF
176
Point72 Middle East FZE
Dubai,
United Arab Emirates
| – | -$135K | -1,532 | Closed |
|
|
TF
177
Tompkins Financial
Ithaca,
New York
| – | -$17.6K | -200 | Closed |
|
|
WTG
178
West Tower Group
Richmond,
Virginia
| – | -$3.18K | -36 | Closed |
|
|
GWS
179
Glassman Wealth Services
Vienna,
Virginia
| – | -$1.41K | -16 | Closed |
|
180
Simplex Trading
Chicago,
Illinois
| – | +$527 | +6 | New |
|
NNI Hedge Fund Activity: Q1 2024 in Review
153 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Nelnet (NNI) for Q1 2024, worth a combined $1.14B — up 4% from $1.1B a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of NNI and 23 opened new positions — a net loss of 4 holders — while 59 trimmed existing stakes and 45 added.
The largest buyer was Madison Avenue Partners, opening a new position worth an estimated $25.5M. The largest seller was Empyrean Capital Partners, cutting an estimated $11.2M.
- 153 institutional investors held Nelnet (NNI) as of Q1 2024, down from 157 in Q4 2023.
- Funds reported $1.14B of Nelnet stock for Q1 2024, up 4% quarter-over-quarter.
- 23 funds opened new Nelnet positions in Q1 2024 and 27 closed out, a net change of -4 holders.
- The largest Nelnet buyer in Q1 2024 was Madison Avenue Partners, an estimated $25.5M added.
- The largest Nelnet seller in Q1 2024 was Empyrean Capital Partners, an estimated $11.2M sold.
Based on aggregated 13F filings for Q1 2024.