Nelnet Inc: which funds bought and sold

Institutions that bought and sold Nelnet shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 115 institutions that filed 13F reports for both quarters added to or opened positions in Nelnet, and 78 cut or closed them. Together they added a net 148K shares, +1.3% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 124K shares (+9.0%); index fund managers were net buyers of 330K shares (+9.9%). 22 opened a new position and 23 sold out entirely.

Bought, Q2 2026 115 institutions, 22 of them new holders Sold, Q2 2026 78 institutions, 23 of them sold out

Net change, all compared +148K shares (+1.3%)

Net change, active managers +124K shares (+9.0%), 16 bought, 15 sold

Buyers versus sellers

institutions compared, 230

115 bought 37 78 sold

Active managers and hedge funds 16 bought · 15 sold · +124K

Index fund managers 10 bought · 0 sold · +330K

Other institutions 89 bought · 63 sold · −306K

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Blackrock, Inc. Index funds	+184K +18.8%	1.2M	$155M
American Century Companies Inc Active manager	+85K +25.3%	421K	$56.1M
Victory Capital Management Inc Active manager	+65K +696.0%	75K	$10M
State Street Corp Index funds	+50K +16.0%	365K	$48.7M
Geode Capital Management, LLC Index funds	+43K +12.4%	390K	$52M
Citadel Advisors LLC Hedge fund	+31K +117.9%	57K	$7.6M
Bank Of America Corp	+30K +213.1%	44K	$5.9M
Capital Fund Management S.A. Hedge fund	+24K New position	24K	$3.1M
Bragg Financial Advisors, Inc	+22K +9.6%	248K	$33.1M
Marshall Wace, LLP Hedge fund	+21K +51.5%	63K	$8.4M
Goldman Sachs Group Inc	+20K +40.5%	69K	$9.2M
Jpmorgan Chase & Co	+19K +14.1%	153K	$20.4M
Morgan Stanley	+17K +22.3%	94K	$12.6M
Vanguard Portfolio Management LLC Index funds	+16K +2.4%	696K	$92.7M
Northern Trust Corp Index funds	+16K +9.3%	190K	$25.3M
Mariner, LLC	+14K +273.5%	20K	$2.6M
Two Sigma Investments, LP Hedge fund	+14K +247.3%	20K	$2.7M
Allstate Corp	+14K New position	14K	$1.8M
BNP Paribas Financial Markets	+13K +219.0%	19K	$2.6M
Dark Forest Capital Management LP	+13K +90.4%	27K	$3.6M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
American Century Companies Inc Active manager	+85K +25.3%	421K	$56.1M
Victory Capital Management Inc Active manager	+65K +696.0%	75K	$10M
Citadel Advisors LLC Hedge fund	+31K +117.9%	57K	$7.6M
Capital Fund Management S.A. Hedge fund	+24K New position	24K	$3.1M
Marshall Wace, LLP Hedge fund	+21K +51.5%	63K	$8.4M
Two Sigma Investments, LP Hedge fund	+14K +247.3%	20K	$2.7M
Acadian Asset Management LLC Active manager	+8,642 +161.4%	14K	$1.9M
Price T Rowe Associates Inc Active manager	+4,408 +33.2%	18K	$2.4M
Alliancebernstein L.P. Active manager	+3,400 +20.6%	20K	$2.6M
Quadrature Capital Ltd Hedge fund	+2,955 New position	2,955	$393,990

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Magnolia Group, LLC	−399K −23.9%	1.3M	$169M
Jane Street Group, LLC	−62K −89.8%	7,089	$945,176
Qube Research & Technologies Ltd Hedge fund	−36K −33.2%	73K	$9.7M
Militia Capital Management LLC	−27K Sold out	0	—
Renaissance Technologies LLC Hedge fund	−20K −41.7%	28K	$3.7M
Man Group PLC Hedge fund	−19K Sold out	0	—
Millennium Management LLC Hedge fund	−18K Sold out	0	—
Sycale Advisors (NY) LLC	−17K −17.3%	83K	$11.1M
Edgestream Partners, L.P. Hedge fund	−12K −24.1%	38K	$5.1M
Barclays PLC	−12K −81.9%	2,587	$344,925
D. E. Shaw & Co., Inc. Hedge fund	−9,271 −45.5%	11K	$1.5M
Aquatic Capital Management LLC	−7,452 Sold out	0	—
Fieldview Capital Management, LLC	−7,317 −45.2%	8,877	$1.2M
James Investment Research, Inc.	−6,901 −33.2%	14K	$1.8M
Brevan Howard Capital Management LP Hedge fund	−5,933 −76.4%	1,830	$243,994
Integrated Quantitative Investments LLC	−5,893 Sold out	0	—
Susquehanna International Group, LLP	−5,854 −14.0%	36K	$4.8M
Squarepoint Ops LLC Hedge fund	−5,727 Sold out	0	—
Farmers & Merchants Investments Inc	−5,000 −0.4%	1.2M	$157M
Exoduspoint Capital Management, LP Hedge fund	−4,043 −34.9%	7,538	$1M

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Qube Research & Technologies Ltd Hedge fund	−36K −33.2%	73K	$9.7M
Renaissance Technologies LLC Hedge fund	−20K −41.7%	28K	$3.7M
Man Group PLC Hedge fund	−19K Sold out	0	—
Millennium Management LLC Hedge fund	−18K Sold out	0	—
Edgestream Partners, L.P. Hedge fund	−12K −24.1%	38K	$5.1M
D. E. Shaw & Co., Inc. Hedge fund	−9,271 −45.5%	11K	$1.5M
Brevan Howard Capital Management LP Hedge fund	−5,933 −76.4%	1,830	$243,994
Squarepoint Ops LLC Hedge fund	−5,727 Sold out	0	—
Exoduspoint Capital Management, LP Hedge fund	−4,043 −34.9%	7,538	$1M
Capstone Investment Advisors, LLC Hedge fund	−4,028 Sold out	0	—

New positions

largest by value

Institution	Shares	Value June 30, 2026
Capital Fund Management S.A.Hedge fund	24K	$3.1M
Allstate Corp	14K	$1.8M
Bokf, Na	10K	$1.3M
Corient Private Wealth LP	5,155	$687,316
Quadrature Capital LtdHedge fund	2,955	$393,990
Blueshift Asset Management, LLC	2,894	$385,857
Inceptionr LLC	2,805	$373,991
Mirabella Financial Services LLP	2,661	$354,791
Catalyst Funds Management Pty Ltd	2,616	$348,791
Virtu Financial LLC	2,375	$317,000

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Militia Capital Management LLC	27K	$3.5M
Man Group PLCHedge fund	19K	$2.5M
Millennium Management LLCHedge fund	18K	$2.4M
Aquatic Capital Management LLC	7,452	$961,010
Integrated Quantitative Investments LLC	5,893	$759,961
Squarepoint Ops LLCHedge fund	5,727	$738,554
Capstone Investment Advisors, LLCHedge fund	4,028	$519,451
Axq Capital, LP	3,513	$453,036
Cerity Partners LLC	2,749	$354,515
Mission Creek Capital Partners, Inc.	2,642	$340,707

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 209
Ten largest holders: 69.3%
Index fund managers: 31.2%
Active managers and hedge funds: 12.7%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	16	15	2	4	+124K	+9.0%
Index fund managers	10	0	0	0	+330K	+9.9%
Other institutions	89	63	20	19	−306K	−4.4%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Nelnet.

Only managers that filed a holdings report for both quarters are compared (230 here). 9 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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