Nelnet, Inc. (NNI): Hedge Funds Are Betting on this Stock

Now, some big names were breaking ground themselves. Nine Chapters Capital Management, managed by Chao Ku, initiated the biggest position in Nelnet, Inc. (NYSE:NNI). Nine Chapters Capital Management had $1 million invested in the company at the end of the quarter. Peter Muller’s PDT Partners also initiated a $0.5 million position during the quarter. The following funds were also among the new NNI investors: David Costen Haley’s HBK Investments, and Paul Tudor Jones’ Tudor Investment Corp.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Nelnet, Inc. (NYSE:NNI) but similarly valued. We will take a look at Allegheny Technologies Incorporated (NYSE:ATI), Intersil Corp (NASDAQ:ISIL), Chesapeake Lodging Trust (NYSE:CHSP), and Monogram Residential Trust Inc (NYSE:MORE). This group of stocks’ market valuations resemble NNI’s market valuation.

As you can see these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $69 million. That figure was $117 million in NNI’s case. Allegheny Technologies Incorporated (NYSE:ATI) is the most popular stock in this table. On the other hand Monogram Residential Trust Inc (NYSE:MORE) is the least popular one with only 7 bullish hedge fund positions. Compared to these stocks Nelnet, Inc. (NYSE:NNI) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.