MAGNOLIA GROUP, LLC: NELNET INC (NNI): Quarterly 13F Position History
As of Q1 2026, MAGNOLIA GROUP, LLC reported 1,668,976 shares of NELNET INC (NNI), worth $215.2M and representing 40.0% of its 13F equity book. The position first appeared in Q3 2017 and has been disclosed across 35 13F-HR filings in Pactolio's tracked window.
- 1,668,976Shares Held (Latest Filing)
- $215.2MReported Market Value (Latest Filing)
- 40.0%Portfolio Weight (% of 13F Equity Book)
- 0Quarter-over-Quarter Share Change
- -$6.7MQuarter-over-Quarter Value Change
- 1,900,000Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 35 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 1,668,976 | 0 | — | $215.2M | 40.0% | $129.0 |
| Q4 2025 | 1,668,976 | 0 | — | $221.9M | 36.6% | $133.0 |
| Q3 2025 | 1,668,976 | 0 | — | $209.3M | 33.2% | $125.4 |
| Q2 2025 | 1,668,976 | 231,024 | -12.2% | $202.1M | 31.1% | $121.1 |
| Q1 2025 | 1,900,000 | 0 | — | $210.8M | 35.7% | $110.9 |
| Q4 2024 | 1,900,000 | 0 | — | $202.9M | 34.8% | $106.8 |
| Q3 2024 | 1,900,000 | 0 | — | $215.2M | 36.4% | $113.3 |
| Q2 2024 | 1,900,000 | 0 | — | $191.6M | 29.1% | $100.9 |
| Q1 2024 | 1,900,000 | 0 | — | $179.8M | 27.1% | $94.7 |
| Q4 2023 | 1,900,000 | 0 | — | $167.6M | 24.7% | $88.2 |
| Q3 2023 | 1,900,000 | 0 | — | $169.7M | 27.3% | $89.3 |
| Q2 2023 | 1,900,000 | 0 | — | $183.3M | 26.6% | $96.5 |
| Q1 2023 | 1,900,000 | 0 | — | $174.6M | 25.3% | $91.9 |
| Q4 2022 | 1,900,000 | 0 | — | $172.4M | 23.5% | $90.8 |
| Q3 2022 | 1,900,000 | 0 | — | $150.5M | 22.7% | $79.2 |
| Q2 2022 | 1,900,000 | 0 | — | $162.0M | 23.9% | $85.3 |
| Q1 2022 | 1,900,000 | 0 | — | $161.5M | 22.1% | $85.0 |
| Q4 2021 | 1,900,000 | 0 | — | $185.6M | 26.5% | $97.7 |
| Q3 2021 | 1,900,000 | +85,973 | +4.7% | $150.6M | 17.1% | $79.2 |
| Q2 2021 | 1,814,027 | +88,421 | +5.1% | $136.5M | 17.0% | $75.2 |
| Q1 2021 | 1,725,606 | +97,013 | +6.0% | $125.5M | 16.3% | $72.7 |
| Q4 2020 | 1,628,593 | +51,960 | +3.3% | $116.0M | 12.2% | $71.2 |
| Q3 2020 | 1,576,633 | +53,752 | +3.5% | $95.0M | 13.9% | $60.2 |
| Q2 2020 | 1,522,881 | +314,475 | +26.0% | $72.7M | 11.0% | $47.7 |
| Q1 2020 | 1,208,406 | 0 | — | $54.9M | 8.7% | $45.4 |
| Q4 2019 | 1,208,406 | +182,143 | +17.7% | $70.4M | 8.2% | $58.2 |
| Q3 2019 | 1,026,263 | 102,630 | -9.1% | $65.3M | 7.3% | $63.6 |
| Q2 2019 | 1,128,893 | +106,085 | +10.4% | $66.9M | 7.3% | $59.2 |
| Q1 2019 | 1,022,808 | +160,691 | +18.6% | $56.3M | 6.1% | $55.1 |
| Q4 2018 | 862,117 | +180,478 | +26.5% | $45.0M | 7.1% | $52.1 |
| Q3 2018 | 681,639 | +124,535 | +22.4% | $39.0M | 7.1% | $57.2 |
| Q2 2018 | 557,104 | +25,900 | +4.9% | $32.5M | 6.8% | $58.4 |
| Q1 2018 | 531,204 | +319,154 | +150.5% | $27.8M | 7.4% | $52.4 |
| Q4 2017 | 212,050 | +48,700 | +29.8% | $11.6M | 2.8% | $54.8 |
| Q3 2017 | 163,350 | — | — | $8.2M | 3.0% | $50.5 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did MAGNOLIA GROUP, LLC first disclose a NNI position in 13F-HR filings?
MAGNOLIA GROUP, LLC first reported NELNET INC (NNI) on its 13F-HR filing for the period ending 2017-09-30 (Q3 2017). The position has appeared on 35 reported quarters within Pactolio's tracked window.
What was MAGNOLIA GROUP, LLC's most recent quarter-over-quarter share-count change in NNI?
MAGNOLIA GROUP, LLC held the same 1,668,976 shares of NNI between Q4 2025 and Q1 2026 — the reported share count was unchanged quarter-over-quarter.
Does the implied price-per-share represent MAGNOLIA GROUP, LLC's cost basis in NNI?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.