Nelnet
220 hedge funds and large institutions have $1.55B invested in Nelnet in 2025 Q4 according to their latest regulatory filings, with 38 funds opening new positions, 65 increasing their positions, 73 reducing their positions, and 20 closing their positions.
90% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 20
8% more funds holding
Funds holding: 204 → 220 (+16)
4% more capital invested
Capital invested by funds: $1.49B → $1.55B (+$54.5M)
0% more funds holding in top 10
Funds holding in top 10: 7 → 7 (0)
0.69% less ownership
Funds ownership: 46.59% → 45.9% (-0.69%)
11% less repeat investments, than reductions
Existing positions increased: 65 | Existing positions reduced: 73
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
American Century Companies
Kansas City,
Missouri
|
+$10.5M |
| 2 |
PFMOSF
Philadelphia Financial Management of San Francisco
San Francisco,
California
|
+$6.14M |
| 3 |
Jane Street
New York
|
+$4.88M |
| 4 |
EP
Edgestream Partners
Princeton,
New Jersey
|
+$3.12M |
| 5 |
First Manhattan
New York
|
+$2.85M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$29.9M |
| 2 |
BlackRock
New York
|
-$9.76M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$7.77M |
| 4 |
Dimensional Fund Advisors
Austin,
Texas
|
-$4.94M |
| 5 |
LKIM
Lawson Kroeker Investment Management
Omaha,
Nebraska
|
-$4.55M |
NNI Hedge Fund Activity: Q4 2025 in Review
220 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Nelnet (NNI) for Q4 2025, worth a combined $1.55B — up 3.7% from $1.49B a quarter earlier.
Buyers outnumbered sellers: 38 funds opened new NNI positions and 20 closed out — a net gain of 18 holders — while 65 added to existing stakes and 73 trimmed.
The largest buyer was American Century Companies, adding an estimated $10.5M. The largest seller was Vanguard Group, cutting an estimated $29.9M.
- 220 institutional investors held Nelnet (NNI) as of Q4 2025, up from 204 in Q3 2025.
- Funds reported $1.55B of Nelnet stock for Q4 2025, up 3.7% quarter-over-quarter.
- 38 funds opened new Nelnet positions in Q4 2025 and 20 closed out, a net change of +18 holders.
- The largest Nelnet buyer in Q4 2025 was American Century Companies, an estimated $10.5M added.
- The largest Nelnet seller in Q4 2025 was Vanguard Group, an estimated $29.9M sold.
Based on aggregated 13F filings for Q4 2025.