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

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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.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ATI 15 191395 -2
ISIL 14 41692 2
CHSP 12 26853 -1
MORE 7 15067 -2

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.

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